Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the multiples for comparable regulated utilities, what is the range of possible values for PacifiCorp? EXHIBIT 1. 10 Comparable Firms Price Per Share

Based on the multiples for comparable regulated utilities, what is the range of possible values for PacifiCorp?

image text in transcribed
EXHIBIT 1. 10 Comparable Firms Price Per Share (dollars In millions) Div. Cash Shares Per Total Total and ST LT Net Net Company O/S Low High Share Assets Liabilities Equiv Debt Debt Debt Rev EBITDA EBIT Income Alcoa 1.216.7 $ 15.77 $ 16.03 $0.12 $37.399 $22.605 $1.877 $ 83 $8,769 $6,975 $23,906 $3.556 $2.185 $2.043 LISI 54.0 $ 21.30 $ 21.50 50.37 $ 1,387 $ 677 $ 111 $ 46 $ 246 $ 181 $ 1,307 $ 193 $ 131 $ 81 ThyssenKrupp 565.9 $ 20.64 $ 20.85 50.11 $41,547 538,348 $4.122 51,071 56,651 53,600 $41,304 $2.290 $1.314 $ 210 Allegheny Technologies 108.7 $ 34.59 $ 35.41 $0.72 $ 6.583 $ 3.861 $ 270 $ 18 $1.509 $1.257 $ 4.223 $ 283 $ 106 ($3) Carpenter Technology 53.1 $ 61.75 $ 63.35 $0.72 $ 3.058 $ 1.553 $ 120 $ 0 $ 604 $ 484 $ 2.173 $ 382 $ 212 $ 133 Precision Castparts 141.8 $209.61 $211.36 50.12 $19.428 $ 8.471 5 474 $1093 53,493 $4,112 $10.005 $2.927 $2.602 $1.530 Enterprise Value MV of Equity CY '14 as Multiple of: as Multiple of: Company MV Enterprise Book Net let Book Line Name Equity Value Value EBITDA EBIT Income Revenue EBITDA FAIT Income Value Alcoa $13,637 $23,164 $10.599 $23,906 $3.556 $2.185 $2.043 0.97x 651x 10.60x 6.68x 1.29x LISI $ 1,332 $ 1.517 $ 709 $ 1,307 $ 193 $ 131 $ 81 1.16x 7.86x 11.56x 16.360 1.88x AWN ThyssenKrupp $ 9.460 $12.924 $ 3,182 541,304 $2.290 $1,314 $ 210 0.31x 5.64x 9.84x 45.05x 297x Allegheny Technologies $ 1.804 $ 3.193 $ 2,598 5 4,223 $ 283 $ 106 ($3) 0.76x 11.28x 30.09x NM 0.69x Carpenter Technology $ 1.627 $ 2.220 $ 1,326 $ 2,173 $ 382 $ 212 $ 133 1.02x 5.81x 10.47x 12 25x 1.23x Median $ 1,804 $ 3.193 $ 2.598 5 4,223 $ 382 $ 212 $ 133 0.97 6.51x 10.60x 14.31x 1.29x Mean $ 5.572 $ 8.603 $ 3,683 $14,583 $1,341 $ 790 $ 493 0.84x 7.42x 1451x 20.08x 1.61x Precision Castparts $10,929 $10,005 $2.927 $2.602 $1,530 Implied Value - Median' 59.705 $19.055 $27,581 521,894 $14.098 Implied Value - Mean 58,404 521,718 $37,755 $30.722 $17.596

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey

13th Edition

1119577772, 9781119577775

More Books

Students also viewed these Accounting questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago