5 02 05 Damodaran Equity Valuation Final Project

Casino Valuation Issue (Originally Posted: 02/20/2015) I'm trying to value Venetian Macao for practice, and I'm having some issues with revenue. Their casino revenue for 2014 was 733.3. They had 2.61% rolling chip win % out of 10,098.7 rolling chip volume. They had 24.2% table game win % out of 510.0 table game volume. And they had 4.3% slot Equity Waterfall: Benchmark Companies (in millions) MCRI: PENN: BYD: WYNN: MGM: CNTY: Enterprise Value: 991: 18,539: 7,658: 17,581: 30,259: 642 (+) Cash & Short Term The EV/EBITDA valuation multiple is expected to remain constrained during the first half of 2015. Article continues below advertisement. The above chart shows that Melco Crown Entertainment Determining the multiple of EBITDA (by industry) to use for company valuation can be a challenging and debated decision. There are many attributes that factor into choosing an EBITDA multiple, with one of the most influential aspects being the industry in which the valuated business operates. This is primarily due to future growth considerations. For instance, high tech businesses will Ratios valuation of Ryanair Holdings Plc ( RY4C | IRL) The EV/EBITDA NTM ratio (also called EBITDA multiple or enterprise multiple) is a well-known company valuation metric that compares a company's overall value to its operational earning power. The EV/EBITDA NTM ratio is very commonly used for business valuation as it indicates whether a When it comes to calculating an exit valuation, the most common and basic formula that is used is Valuation = EBITDA x Multiple (sometimes EBITDA – or profit – is substituted for revenue).. The multiple is a variable figure and will be determined by an industry benchmark (which increases or decreases based on the underlying assets in your business – some of these assets are tangible With Equidam, you can seamlessly compute your valuation using 5 methods, 2 of which are properly using these multiples, start now! If you are a startup or a private company, and you’d still like to only use the multiple approach, you should apply these multiples on the last year of your projections, and discount the result to today. Selling price divided by EBITDA (earnings before interest, taxes, depreciation, and amortization) is a commonly used valuation multiple. Business Valuation Resources recently published EBITDA multiples by industry from a study of over 30,000 sold private companies listed in the DealStats database. Let’s dive into the highlights from the analysis. square foot land-based pavilion, which it shares with its joint venture partner, Majestic Star Casino. Valuation DCFF Rationale: The EV/EBITDA multiple here is 9.6x resulting in a stock price of $23.25. Trump Entertainment See Public Comps Worksheet EV/2005E EBITDA EV/Revenue P/E Implied Multiple 9.6x 2.5x 21.6x Current Price (Post Reorganization) $14.77 $14.77 $14.77 Implied Enterprise View, edit and export model. Benchmarks: Ticker: Full Ticker: Wynn Resorts, Limited: WYNN: NasdaqGS:WYNN: Las Vegas Sands Corp.

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