I think Net Assets pet Share as a valuation comparison could be misleading. Especially when PPE and Goodwill can be written down/impaired. If you look at Return on Assets or even EBITDA Return on Assets, TPG blows Vocus away.
Column 1
Column 2
Column 3
0
in mil
Vocus
TPG
1
Underlying Net Profit
$152.30
$417.30
2
Underlying EBITDA
$366.40
$835.00
3
Total Non-Current Assets
$3,846.00
$3,699.80
4
5
ROA
3.96%
11.28%
6
EBIDTA Return on Assets
9.53%
22.57%
From a high level overview, Vocus will need some serious synergies and a crack down on costs to reach the returns of TPG.
VOC Price at posting:
$2.43 Sentiment: Hold Disclosure: Not Held
