Question

3. Please calculate the stock price of Mavi Giyim Sanayi ve Ticaret A.Ş. (MAVI), based on EV/EBITDA multiple valuation approach with the data given in the table below. (20 pts.) EV/EBITDA 2017 15.5x Company BIM Birleşik Mağazalar A.Ş. 10.8x 21.8x Hennes & Mauritz AB Industria de Diseno Textil SA Burberry Group PLC OVS SpA Fast Retailing Co Ltd Mr Price Group Ltd Lojas Renner SA LLP SA 11.9x 9.8x 17.3x 11.8x 14.1x 15.6x 9.8x Minimum 14.1x Median Mean 14.3x 21.8x Maximum TRY (million) EBITDA Net Income 31.12.2017 225.0 51.8 -221.5 Net Debt EVEBITDA 49.657,000 Number of shares Stock Price

Answer 1

page or -Answer Given details. mean (average) & Ev / EBITDA statio of other companies in 2017 - 14.3 times EBITA of MAVI as on 31-12-2017 = 225 million applying the multiple walceation approach, adopting the mean :EVI EBITDA ratio above. EV -14.3 = 14.3 225 -> Ev = 225 million x 14.3 EV = 3240 million Given number of - Ev number of shares o MAVI - 49,657,000 stock parice of MAVI = number of shares 3.240 million 49,657,000 = 65,94759853 Therefore, stock parice = 65,24759853 .