K his View a Consider the following data, for the airline industry for April 2019 (EV = enterprise value, Book = equity book value). Suppose Hawaiian Airlines (HA) has 41 million shares outstanding. Estimate Hawaiian Airlines' share value using each of the five valuation multiples, based on the median valuation multiple of the other seven airlines shown (excluding Hawaiian Airlines). Calculate Hawaiian Airlines' share values using each of the five valuation multiples below: (Round the median to two decimal places. Round the share price to the nearest cent. Round the EV and market cap to the nearest integer.) EV/Sales EV/EBITDA EV/EBIT P/E P/Book Hawaiian Airlines 0.60 3.4 4.8 6.1 1.4 1.00 6.50 10.50 11.20 1.90 Median Implied EV $ 2,625 $ 3,011 $ 3,445 Implied market cap. $ 2,416 $ 2,802 $ 3,236 $ 2,508 $ 1,854 Implied share price S 58.93 $ 68.34 $ 78.93 $ 61.17 $ 45.22 Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Company Name Market Capitalization Enterprise Value (EV) EV/Sales EV/EBITDA EV/EBIT P/E P/Book Delta Air Lines (DAL) 39,057 47,060 1.1x 6.0x 8.6x 10.2x 2.9x American Airlines (AAL) 15,295 33,745 0.8x 6.3x 10.5 11.2x 1.3x United Continental (UAL) 22,648 32,143 0.8x 5.8x 9.7x 11.0x 2.3x Southwest Airlines (LUV) 29,431 29,119 1.3x 6.5x 8.9x 12.4x 3.0x Alaska Air (ALK) 7,236 8,103 1.0x 7.7x 12.3x 16.6x 1.9x JetBlue Airways (JBLU) 5,008 5,791 0.8x 7,3x 19.2x 27.7x 1.1x SkyWest (SKYW) 3,000 5,471 1.7x 6.7x 11.3x 11.0x 1.5x Hawaiian (HA) 1,366 1,575 0.6x 3.4x 4.8x 6.1x 1.4x Source: Morningstar and Yahoo Finance, April 2019. Print Done Similar question