consensus data

FY Research - this is consensus information from Multex

AAV Ltd
YearEnd 12/2003F 12/2004F 12/2005F
Sales 90 96 101
EBIT 11.70 14.40 15.40
EBITDA 20.60 22.40 22.90
Profit 8.30 10.50 11.60
EPS 13.00 17.00 18.00
EPS Mean 13.00 17.00 18.00
DPS 4.000 9.000 10.000
P/E Ratio 7.23 5.53 5.22
Div Cover 3.25 1.89 1.80
Yield 4.26 9.57 10.64
PEG Factor 0.04 0.18 0.89
EV/Sales 0.49 0.46 0.44
EV/EBITDA 2.15 1.97 1.93
Sales/EBITDA 4.37 4.29 4.41

Valuation
AOL Sale Multiple 4.50 EBITDA
Enterprise Value 100.80
Value Based on AOL Sale 1.53