hertzIPOvalue_class

hertzIPOvalue_class - 587.9 587.9 587.9 587.9 Equipment...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Valuation Forward Trailing mean DTF/URI Avis/URI DTF/URI mean DTF/URI Avis/URI DTF/URI Exit Value Based on EBITDA Multiples 0.25 0.25 RAC adjusted EBITDA (estimate 2006) 570.3 570.3 570.3 570.3 RAC adjusted EBITDA (actual 2005) 578.7 578.7 578.7 578.7 Car Rental EBITDA Multiple 8.45 6.89 10.00 8.62 10.82 8.09 13.55 10.11 RAC Operating Segment Value 4816.68 3931.94 5701.42 4914.93 6260.36 4681.17 7839.54 5851.46 Fleet debt Value 7529.40 7529.40 7529.40 7529.40 7529.40 7529.40 7529.40 7529.40 Total RAC Value 12346.08 11461.34 13230.82 12444.33 13789.76 12210.57 15368.94 13380.86 HERC adjusted EBITDA (estimate 2006) 750 750 750 750 HERC adjusted EBITDA (actual 2005)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 587.9 587.9 587.9 587.9 Equipment Rental EBITDA Multiple 4.31 4.31 4.31 5.39 5.06 5.06 5.06 6.33 HERC Value 3233.99 3233.99 3233.99 4042.49 2975.86 2975.86 2975.86 3719.82 Total Enterprise Value 15580.08 14695.34 16464.82 16486.82 16765.61 15186.43 18344.80 17100.68- Debt 13514.8 13514.8 13514.8 13514.8 13514.8 13514.8 13514.8 13514.8 Equity Value 2065.28 1180.54 2950.02 2972.02 3250.81 1671.63 4830.00 3585.88 Number of shares 232.4 232.4 232.4 232.4 232.4 232.4 232.4 232.4 Share value 8.89 5.08 12.69 12.79 13.99 7.19 20.78 15.43...
View Full Document

This note was uploaded on 10/07/2011 for the course FIN 494 taught by Professor Rejinguo during the Fall '11 term at Ill. Chicago.

Ask a homework question - tutors are online