Easiest way to think about is Assets = Liabilities + Equity
Equity is current market cap of $521.5m. You acquire the company by owning all outstanding shares but also take on the debt which is $143m. To have full claim over Myer you will also need to pay back the debt of $143m. So total cost is $664.5m.
Furthermore, given FY EBITDA = $198.10m and using a 5x leverage multiple then private equity could potentially take over Myer at a total cost = $990.50m. This would equate to a share price of $1.03
EBITDA $198.10m x 5 = $990.50m
-> PE cost $990.50m - outstanding debt of $143m = $847.50m (equity offer value)
Hence, $847.50m/ 821.3m shares outstanding = $1.03
This is just illustrative, I don't think the value is there to be honest. The EBITDA has to be sustainable for a PE to be interested.
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Last
84.5¢ |
Change
0.040(4.97%) |
Mkt cap ! $702.8M |
Open | High | Low | Value | Volume |
82.5¢ | 85.0¢ | 81.5¢ | $646.4K | 773.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 23796 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 42195 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 23796 | 0.830 |
1 | 500 | 0.825 |
2 | 14784 | 0.820 |
1 | 3951 | 0.815 |
2 | 15274 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 42195 | 4 |
0.855 | 4250 | 1 |
0.860 | 52818 | 5 |
0.865 | 29250 | 2 |
0.870 | 74367 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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