Task 6 AO MORETTO is one of the major regional grain producers in Russia. EBITDA for 2016 was RUB 2 billion, EBITDA forecast for 2017 is RUB 3 billion. Data on comparable companies is presented in the table below (in RUB billion). EV at EBITDA for EBITDA Company 31.12.2016 2016 plan for 2017 000 Zerno 5 1 1,2 Kladovaya Group) 8 2 2,5 Kuban Zerno 10 2 Apply simple average to determine multiples. No specific adjustments required. 2,5 Required: Please calculate business value range for AO Grain as of 31.12.2016 using historical and forecast multiples to determine the range. Notes: In order to determine the range you need also to take into account the income approach. The company's business most optimistic preliminary FCFF result for 2016 is RUB 1.3 billion. You may apply WACC of 18% and growth of 3%. Task 6 AO MORETTO is one of the major regional grain producers in Russia. EBITDA for 2016 was RUB 2 billion, EBITDA forecast for 2017 is RUB 3 billion. Data on comparable companies is presented in the table below (in RUB billion. EV at EBITDA for EBITDA Company 31.12.2016 2016 plan for 2017 000 Zerno 5 1 1,2 Kladovaya Group 8 2 2,5 Kuban Zerno 10 2 2,5 Apply simple average to determine multiples. No specific adjustments required. Required: Please calculate business value range for AO Grain as of 31.12.2016 using historical and forecast multiples to determine the range. Notes: In order to determine the range you need also to take into account the income approach. The company's business most optimistic preliminary FCFF result for 2016 is RUB 1.3 billion. You may apply WACC of 18% and growth of 3%