Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that in July 2022 , Nike Inc. had EBITDA of $6,675 million, excess cash of $12,997 million, $12,627 million of debt, and 1,573.8 million
Suppose that in July 2022 , Nike Inc. had EBITDA of $6,675 million, excess cash of $12,997 million, $12,627 million of debt, and 1,573.8 million shares outstanding. a. Using the average enterprise value to EBITDA multiple from the table here, , estimate Nike's share price. b. What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in the table above? a. Using the average enterprise value to EBITDA multiple in the table, estimate Nike's share price. Nike's share price for this case will be $. (Round to the nearest cent.) Data table
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started