Given the following information firms in the same industry, what would you estimate the value of New Stock Inc? (Remember the market value of the company may be known but you are going to take decision to buy/sell based on your estimate.) You are allowed to cut copy paste these numbers in excel to do the math.

Net income ($ mil) shares outstanding (mil) Market value ($ mil)

New Stock 130 10 1200

Clown, Inc 300 12 2600

Down, Inc 400 13 4300

Ant-e10, inc 25 17 200

Flydreams, Inc 125 57 300

Not unhappy, inc 450 26 1240