calculate the P/E multiple for billys tools Ivanhoe's income statement...
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calculate the P/E multiple for billys tools
Ivanhoe's income statement from the fiscal vear that ended this past December is: Ali dollar values are in milions. Depreciation and amortization expenses last year were $34 million and the company has $426 million of debt outstanding. You are an analyst at a private equity firm that buys private companies, improves their operating performance, and sells them for a profit. Your boss has asked you to estimate the fair market value of the Wvanhoe Machine Tool Compary, Billy's Tools is a public compamy with business operations that are virtually identical to those at Ivanhoe. The most recent income statement for Billy's Tools is as follows: Alt doll ar values are in milions. Billy's had depreciation and amortization expenses of $57 million Iast year and had 160 million shares and \$480 million of debt outstanding as of the end of the year. lis stock is currently trabing at 59,75 per share
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