Question
Autonomous vehicle technology is all the rage right now, and that's being reflected in the valuations that both start-ups and established companies are fetching. The
Autonomous vehicle technology is all the rage right now, and that's being reflected in the valuations that both start-ups and established companies are fetching. The latest move in the space is today's announcement thatIntel(NASDAQ:INTC)is acquiring Israel-basedMobileye(NYSE:MBLY)in a blockbuster $15.3 billion deal that will immediately and dramatically expand Intel's position in the market for autonomous vehicle technology while giving the chip giant relationships with over a dozen of the most prominent automakers in the world. Mobileye generated ??? million in revenue last year and ??? million in net income, meaning it's getting taken out at 42.7 times sales and 141.7 times earnings
If the earning growth rate of Mobileye is 50%, what is the PEG ratio of this transaction?
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