Question
Consider the following information about the target companys recent financials and the industry data: Target company financials EBITDA 50m Market value of debt 200m Cash
Consider the following information about the target companys recent financials and the industry data:
| Target company financials | |
| EBITDA | 50m |
| Market value of debt | 200m |
| Cash and short-term investments | 45m |
| Number of outstanding shares | 20m |
| Industry data | |
| Average industry EV to EBITDA multiple | 18.8 x (trailing) |
- Using the comparable company approach, estimate the enterprise value,Estimate the implied value of equity and Calculate the targets value per share.
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Low Income Housing Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
978-1304135087
