In: Finance
You are trying to value a company which had revenues of $29 million over the last twelve months. Depreciation and amortization expenses were $7 million. Operating margin is 33.5%. It has $23 million of debt, $6 million in cash, and 11 million shares outstanding. Comparable companies are trading at an average trailing EV/EBITDA multiple of 13. What is the company's share price using relative valuation? Round to one decimal place.
What is the company's share price using relative valuation?
=((29*33.5%+7)*13-23+6)/11
=18.20863636