Lotharan Corp. has yearly sales of $28.4 million and costs of $12.7 million. The company’s balance...
Lotharan Corp. has yearly sales of $28.4 million and costs of
$12.7 million. The company’s balance sheet shows debt of $54.4
million and cash of $38.4 million. There are 1,960,000 shares
outstanding and the industry EV/EBITDA multiple is 7.9.
What is the company’s enterprise value?
Homework Answers
| Sales revenue | 28400000 | |
| Less: Costs | 12700000 | |
| EBITDA | 15700000 | |
| Company’s enterprise value | 124030000 | =15700000*7.9 |
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