Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

GenuWine Vineyards earned $4,393 thousand of EBITDA over the previous 12 months. The appropriate TTM EV/EBITDA multiple is 6. GenuWine Vineyards has $4,059 thousand of

GenuWine Vineyards earned $4,393 thousand of EBITDA over the previous 12 months. The appropriate TTM EV/EBITDA multiple is 6. GenuWine Vineyards has $4,059 thousand of debt, $1,898 thousand of cash, and 34 thousand shares outstanding. What is your estimate of GenuWine's price per share to the nearest cent?

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_2

Step: 3

blur-text-image_3

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

Strategy For Personal Finance

Authors: Larry R. Lang

4th Edition

007036317X, 9780070363175

More Books

Students also viewed these Finance questions