Multiple Analysis: Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a share price of $12.80. A competing firm that is very similar to Turnbull has an enterprise value/EBITDA multiple of 5.40.
What is the enterprise value of Turnbull Corp.? Round to the nearest million dollars.© BrainMass Inc. brainmass.com September 26, 2018, 4:37 am ad1c9bdddf - https://brainmass.com/business/finance/enterprise-value-of-turnbull-corporation-563693
Solution helps in estimating the enterprise value of Turnbull Corporation.