Question 3. Value Teuer using a multiples approach. Based on the set of firms that you consider comparable, calculate the relevant multiple and value Teuer (price per share). If your multiples valuation differs from DCF valuation given in Question 2 above, explain why.

Question 2. Comparable firms. When you value a firm using a multiples approach, you only use firms that are comparable to Teuer (the target firm). On what dimensions should the firm be comparable to target firm? Each of nine possible firms is in the same industry as Teuer. Based on the information in the case, pick a set of firms that you consider to be comparable to Teuer (HVT RN and WSN) in the important dimensions. You will need to be explicit about which dimensions are important.