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Consider the given set of comps for a shoe manufacturer a number of years ago. Which of the following statements is true? I) The data
Consider the given set of comps for a shoe manufacturer a number of years ago. Which of the following statements is true?
I) The data are consistent with the market expecting relatively higher cash flow growth rates for Puma than for Adidas.
II) There is more dispersion in P/E multiples than in EV/EBITDA multiples.
III) The data are consistent with Wolverine World Wide having much higher leverage than its peers.
Name P/E EV/EBITDA 332 25.4 Nike, Inc. Adidas AG Puma AG 28.7 19.8 47.4 33.7 Skechers U.S.A 28.0 16.5 Wolverine World Wide 13.8 20.5 28.7 0.36 Average 30.2 23.2 Median 20.5 St.Dev./Avg 0.26 1) The data are consistent with the market expecting relatively higher cash flow growth rates for Puma than for Adidas. II) There is more dispersion in P/E multiples than in EV/EBITDA multiples. III) The data are consistent with Wolverine World Wide having much higher leverage than its peers. Only I. Only II. O I and II. Only III. I and III. II and III. All of them
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