Text: Correct answer is 141. Please help to find the solution.
Year 2005 Income Statement (S 000) Balance Sheet (S 000)
1 Sales 75,000 Assets
2 Cost of Goods Sold 1 Cash and Equivalents
3 Raw Materials 16,000 2 Accounts Receivable
4 Direct Labor Costs 18,000 3 Inventories
5 Gross Profit 1,000 4 Total Current Assets
6 Sales and Marketing 11,250 5 Property, Plant, and Equipment
7 Administrative 13,500 6 Goodwill
8 EBITDA 16,250 7 Total Assets
9 Depreciation (5,500) Liabilities and Stockholder's Equity
10 EBIT 10,750 8 Accounts Payable
11 Interest Expense net 759 Debt
12 Pre-tax Income 10,675 10 Total Liabilities
13 Income Tax 3,736 11 Stockholder's Equity
14 Net Income 6,939 12 Total Liabilities and Equity
2005
12,664 18,493 6,165 37,322 49,500 .. 86,822
4,654 4,500 9,154 77,668 86,822
Ratio
Oakley Inc.
Luxottica Group
Nike, Inc.
P/E
15.4x
25.6x
20.1x
EV/Sales
2x
2.7x
1.5x
EV/EBITDA
5.5x
12.1x
13.1x
EBITDA/Sales
17.0%
18.5%
15.9%
Based upon the average P/E ratio of these three comparable firms, Ideko's target market value of equity is closest to:
Format $123.4 million as 123.4