Jun. 18 at 3:35 AM
$IHS Lester Clark, writing for Seeking Alpha, writes:
"I took the low end multiple of 8x EBITDA =
$960 x 8 =
$7,680 million;
Subtracted Net Debt:
$3,328 million =
$4,352 million (versus current market cap of $
$1.79 billion);
Then divided by shares outstanding of 333.6 million, yielding a target price of
$13.05 per share (versus the current price of
$5.40).
While I do not expect the market to jump to this valuation, I do think that as IHS delivers on each quarter (and accumulates cash) then we will see
$8 by Q3 and perhaps
$10 by year end."
