2009 Valuation Securimetrics

2009 Valuation Securimetrics - + Deprecialtion Expense...

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Shares VALUATION METHODS       Outstanding NET WORTH $7,008,084 16,000,000 CAPITALIZATION OF EARNINGS METHOD $17,573,017 16,000,000 EBITDA $35,865,625 16,000,000 SALES  $37,901,500 16,000,000 PUBLIC COMPANY COMPARABLES EBITDA $272,578,750 16,000,000 SALES  $720,128,500 16,000,000
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Per Share 0.44  1.10  2.24  2.37  17.04 45.01
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2005 2006 2007 2008 2009 Sales  1,908,981  2,294,400  4,049,669  9,064,727  18,950,750  Multiple 2         Sales Valuation =         Sales Valuation = 37,901,500 Public Company Comparable Multiple 38 Public Sales Valuation = 720,128,500
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2010
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CAPITALIZATION OF EARNINGS METHOD 2005 2006 2007 2008 2009 Net Income (45,398) (48,289) 372,892  1,191,278  4,925,087  +    Owner's salary 54,123   68,981  112,228  647,197  950,000  +    Interest Expense 24,102   44,111  45,529  40,455 
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Unformatted text preview: + Deprecialtion Expense 23,026 30,203 54,405 114,561 155,963 + Amortization Expense 76,132 93,553 98,203 0 0 Adjusted Cash Flow 131,985 188,559 683,257 1,993,491 6,031,050 Weighting 10% 10% 10% 20% 50% Weighted Average ACF 3,514,603 Cap Rate 5 Market Value 17,573,017 2010 Multiple of EBITDA 2009 Net Income 4,925,087 + Interest Expense 0 + Taxes 2,092,075 + Deprecialtion Expense 155,963 + Amortization Expense 0 7,173,125 Multiple = 5 Market Value = 35,865,625 Public Company multiple 38 272,578,750 Public Company Comparable SourceFire 10/10/2010 Sales multiple 5.5 10/10/2010 EBITDA multiple 38...
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This note was uploaded on 03/17/2011 for the course MANEC 453 taught by Professor Jerrynelson during the Fall '10 term at BYU.

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2009 Valuation Securimetrics - + Deprecialtion Expense...

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