Question
Tina Weber, CFA, has gathered the following data for Texas Steel, Inc. (TSI): Recent share price $31.25 Shares outstanding 30 million Market value of debt
Tina Weber, CFA, has gathered the following data for Texas Steel, Inc. (TSI):
Recent share price $31.25
Shares outstanding 30 million
Market value of debt $115 million
Cash and marketable securities $47.6 million
Investments $247 million
Net income $119.4 million
Interest expense $5.8 million
Depreciation $6.9 million
Amortization $2.3 million
Taxes $85.9 million
What is the EV/EBITDA ratio for TSI?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
