1. Given the assumptions below, calculate equity value and enterprise value. ($ in millions, except per share data; shares in millions) Assumptions Current Share Price $20.00 Fully Diluted Shares Outstanding 50.0 Total Debt 250.0 Preferred Stock 25.0 Cash and Cash Equivalents 50.0
Equity Value = Share price * diluted shares outstanding
Equity Value = 20*50
Equity Value = $ 1000.0
Enterprise Value = (current share price* outstanding shares) + debt - cash and equivalent
i.e Enterprise value = Equity value + debt - cash and equivalent
Enterprise value = (20*50) + 250-50
= $ 1200.0
1. Given the assumptions below, calculate equity value and enterprise value. ($ in millions, except per...
Given the assumptions below, calculate fully diluted shares outstanding using the Treasury Stock Method. ($ in millions, except per share data; shares in millions) Assumptions Current Share Price $40.00 Basic Shares Outstanding 200.0 Options Outstanding 10.0 Weighted Average Exercise Price $26.00
13. Given the enterprise value calculation below, show the necessary adjustments and pro forma amounts if the company issues $100.0 milion of equity and uses the proceeds to repay debt. 困(S in millions) Pro forma 2007 Actual Adjustments 2007 Equity Value Plus: Total Debt Plus: Preferred Stock Less: Cash and Cash Equivalents $1,000.0 250.0 50.0 70.0) $1,230.0 Enterprise Value
Question 1(a): using the accounting and market information for ValueCo below, calculate the enterprise value. Information: Share price $10 Fully diluted share outstanding (million) 50 Total debt (million) $550 Preferred stock (million) $30 $20 Non-controlling interest (million) Cash and cash equivalent (million) $50
1. Given the following assumptions, calculate net new shares change implied by the convert, using the if-converted method. ($ in millions, except per share data; shares in millions) Assumptions Current Share Price $30.00 Convert Amount Outstanding $225.0 Conversion Price $22.50
13) Using a mid-year convention and the assumptions below, calculate enterprise value S in millions) Assumptions FCF 2013E FCF 2014E FCF 2015E FCF 2016E FCF 2017E EBITDA 2017E 7.5x 10.0% $100.0 Terminal Multiple 110.0 WACC 120.0 125.0 130.0 250.0 A. $1,624 million B. $1,725 million C. $1,906 million D. $1,986 million
Calculate the price per share of common equity as of 12/31/2018. Millions except price per share Actual 2018/12/31 Value of operations (V0) + Value of short-term investments Total value of company − Total value of all debt − Value of preferred stock Value of common equity Number of shares outstanding Price per share Income Statement for the Year Ending December 31 (Millions of Dollars) 2018 S Net Sales 800.0 Costs (except depreciation) Depreciation S 576.0 S 60.0 Total operating costs...
Cliff Corp. (CC) has an enterprise value (MV equity + debt – cash) of $330 million, $50 million in cash and $30 million in debt. CC has 10 million shares outstanding and is considering using its $50 million in cash to repurchase shares. What s CC’s share price prior to the prior to the repurchase? How many shares will CC repurchase? Suppose news is released that increases enterprise value to $350 million immediately after the repurchase, then what is CC’s...
Cliff Corp. (CC) has an enterprise value (MV equity + debt – cash) of $330 million, $50 million in cash and $30 million in debt. CC has 10 million shares outstanding and is considering using its $50 million in cash to repurchase shares. What s CC’s share price prior to the prior to the repurchase? How many shares will CC repurchase? Suppose news is released that increases enterprise value to $350 million immediately after the repurchase, then what is CC’s...
Calculate the percentage of premium paid given the following details: Details: Although rumors of the transaction leaked out yesterday, AcquirerCo officially announced today that it has agreed to buy TargetCo for $25.00 a share. TargetCo shares closed higher yesterday at $20.00. 25% 20% 15% Not enough information Calculate the offer price per share given the following details: Transaction Details: AcquirerCo agreed to buy TargetCo with a mix of cash and AcquirerCo stock. TargetCo stockholders will receive $5.00 in cash and...
Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 141 $ 27 300 $11.62 2020 $ 105 $ 22 250 $10.57 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? Ο Νο...