IPO Valuation:
Would like feedback on this:
Assume EBITDA doubles in next 2 years to $50m.
IPO valuation is 12x EBITDA = $600m
FND will own 62.5% of Findi India (mgmt 20%, Piramal owns 17.5%).
62.5% of $600m = $375m375m / 48.8m shares on issue = $7.68/ share.
Assumes 12x EBITDA for IPO - CMS IPO’d on 16x (CMSINFO.BSE)
Assumes zero value for digital business
Assumes EBITDA only doubles from here but acquisitions could increase this.
Anything I have missed???
IPO Valuation:Would like feedback on this:Assume EBITDA doubles...
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Last
$2.90 |
Change
-0.060(2.03%) |
Mkt cap ! $141.5M | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.05 | $2.80 | $581.3K | 198.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 547 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 547 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.92 |
Change
-0.060 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| $2.92 | $3.05 | $2.81 | 29388 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| FND (ASX) Chart |