12% EBITDA growth over 5 years
Forcast EBITDA at FY23 of $2056.6m, take an EV/EBITDA ratio of 9, gives EV of 18509.4 minus $5b of debt they are seeking, gives Market Cap of about 13.51B, merger of equals so half to TPG is $6755 divided by 926m shares gives projected value of $7.29 in FY23.
EV/EBITDA ratio of 9 was a guess, 10 =$8.40
If $4b out of the $5b of debt is used, 9 = $7.80, 10 = $8.94
Ann: TPG and VHA Merger of Equals Investor Presentation, page-135
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)