FNCE 3440-An analyst for Tangible, Inc. has researched
June 7th, 2024
Microsoft Word – Chapter 8 study guide.docAn analyst for Tangible, Inc. has researched the EV / EBITDA multiples of comparable firms to its acquisition target, Intangible Ltd. The comps are: EV/EBITDA multiple Firm X 11.2 Firm Y 9.6 Firm Z 10.1 You can assume that all these firms are comparable to Intangible Ltd. in all relevant respects (industry, size, etc…). Intangible Ltd. has EBITDA of $312m, net debt of $1.5b, and 30m shares outstanding. How much is Intangible Ltd.’s equity worth on a per share basis?