Suppose you are the founder of a young company, Fabulous Flatbread Ltd, that does not pay dividends. Your company's stock trades in the market; there are 20 million shares outstanding. Other companies in your industry, that are similar in many ways to your company, have stocks which trade at prices around 18 times earnings. Your EBITDA over the trailing 12 months is $10 million.

Calculate the likely fair price per share for your stock.