Question
Cabify has EBITDA of $45 million. It also has 5 million shares outstanding and debt of $150 million (net of cash).Assume that Uber is comparable
Cabify has EBITDA of $45 million. It also has 5 million shares outstanding and debt of $150 million (net of cash).Assume that Uber is comparable to Cabify in terms of its underlying business, but Uber has no debt.Uber has an enterprise value to EBITDA multiple of 7. Based upon the EBITDA multiple, estimate the value of a share of Cabify.
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
