Below is the output from my updated model for this stock. The...

Below is the output from my updated model for this stock. The data has been updated to factor in FY17 EBITDA of $366.4m and FY18 forecasted revenue of $1.9b and EBITDA of $390m. I also backwards engineered current debt at $952,640,000 i.e. current leverage ratio of 2.6x and EBITDA of $366.4m ie 2.6 x $366.4m = $952,640,000.



TLDR:
- EBITDA bottom row
- Implied intrinsic value (bottom right box) is less than current share price.