In $US:
Iridium's last quarter gives an annual EBITDA run-rate of $53 million.
Given its actual impressive growth with no forseeable horizon I don't see anything wrong with a 10x multiple.
Which gives half a billion as a crude valuation.
QAD
quadrant iridium limited
In $US:Iridium's last quarter gives an annual EBITDA run-rate of...
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