i think they are paying an EBITDA of 10x(ive spoken with the team long time ago). thats a p/e of around 17-18 times actually. Funeral homes dont come too cheaply due to the property value and so forth.
So its actually quite high multiple for acquisitions and the debt keeps increasing. Organic like for like growth is probably low single digits 2-3% as per their presentations. the death rate is falling on average, some price increases/cost management is keeping low single digits for now.
The risk is the continual fall in the death rates- people are living for longer with better access to healthcare.
