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How to make a comparision multiple valuation table between the following two companies - 1) Air New Zealand 2)Qantas. The data can be taken from
How to make a comparision multiple valuation table between the following two companies -
1) Air New Zealand
2)Qantas.
The data can be taken from Yahoo
Example below
Comparison companies - Multiple Analysis Manuka Health is of similar size to Comvita and therefore a suitable comparable company. The effectiveness of Comvita-Manuka Health comparison has been reduced through Manuka being a private company and through Manuka Health 2018 financials having not yet been released. As Manuka Health is a private company, no meaningful market cap figure could be established, impacting our ability to calculate an EV value for relevant years. We have assumed an EV of 217 million, as suggested by the rumoured sell offer of the company. We made 2018 estimates for Manuka Health based on 2016/2017 total liabilities, cash and equivalents, EBITDA and EBIT. Capilano Health is very similar to Comvita with regards to its products produced, making for effective comparison. Other comparison companies have been chosen because they all produce products based on the primary production and export to similar foreign markets. EV/EBITDA EV/EBIT Price/Earnings Net Debt/EBITDA FY16A FY17A FY18A FY19F FY16A FY17A FY18A FY19F FY16A FY17A FY18A FY19F FY16A FY17A FY18A FY19F Comvita 16.8 55.4 28.3 17.7 20.6 331.9 41.9 21.3 25.2 24.4 32.3 35.2 3.2 14.9 9.0 2.4 Manuka Health 13.2 17.3 14.9 13.1 14.5 21.3 17.2 17.6 n/a n/a n/a n/a 2.9 3.0 2.3 2.0 Capilano Honey 12.8 11.6 11.4 11.5 13.3 12.9 12.7 12.7 19.1 14.5 16.1 17.4 2.1 2.1 2.0 0.5 A2 Milk 23.5 20.3 28.8 22.6 24.1 20.5 28.9 22.9 41.5 31.6 42.4 33.3 0.1 -0.1 1.2 1.1 Blackmores 15.5 17.8 21.4 21.1 22.6 19.3 23.2 22.8 22.6 28.0 35.1 33.0 1.4 1.9 2.0 0.4 Sanford 11.0 12.3 9.5 8.7 13.8 16.2 12.1 11.0 17.3 19.2 15.4 13.7 3.1 3.1 2.2 1.5 Median 14.3 17.5 14.9 15.4 17.6 19.9 17.2 19.5 22.6 24.4 24.2 33.0 2.5 2.6 2.0 1.3 Mean 15.5 22.4 19.0 15.8 18.2 70.3 22.7 18.0 25.1 23.5 28.2 26.5 2.1 4.1 3.1 1.3 Source: Company data, Waikato AnalysisStep by Step Solution
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