Billabong International Limited (ASX:BBG) Values at $1.50
Billabong International Limited (ASX:BBG) Values at $1.50
Plenty of take over talk here, and based on the numbers we value Billabong at $1.50 per share.
Billabong was initially approached by private equity firm TPG in February but rebuffed an offer of A$3.30 a share (not such a good move), opting instead to sell half of its watch brand Nixon and raise A$225 million in equity to reduce debt.
The stock continued to sag and TPG, which has a 12.5 percent stake in the company, returned with a reduced A$1.45 per share bid in July. Rival buyout firm Bain Capital came in with a matching bid in September, only to drop out two weeks later.
TPG withdrew its second offer in October.
Even with debt and other issues we still think a final winning offer would come in around the $1.50 mark.
Valuation Ratios (AUD)
Anul |
LFI |
LTM |
LFY |
|
Curr Price/Rev/Shr: |
0.40 |
0.33 |
0.33 |
|
Curr P/E Excl Extra, LTM: |
– |
|||
P/E Excl. Extra Items: |
– |
|||
Curr P/E Normalized, LFY: |
– |
|||
Curr Price/CF/Shr: |
– |
– |
– |
|
Curr Price/Tang Bk, Tot Eqty: |
2.02 |
2.02 |
||
Curr EV/Tot Revenue (LFI/LTM): |
0.44 |
|||
Curr EV/EBITDA (LFI/LTM): |
– |
|||
Curr EV/EBIT (LFI/LTM): |
– |
|||
Curr Mkt Cap (m): |
469.37 |
|||
(+) Tot Debt Cap, LFI (m): |
476.85 |
|||
(-) Cash & Equiv, LFI (m): |
317.26 |
|||
(=) Curr EV, LFI (m): |
628.95 |
|||
Curr EV/Tot Revenue (LFY): |
0.44 |
|||
Curr EV/EBITDA (LFY): |
– |
|||
Curr EV/EBIT (LFY): |
– |
|||
Curr Mkt Cap (m): |
469.37 |
|||
(+) Tot Debt Cap, LFY (m): |
476.85 |
|||
(-) Cash & Equiv, LFY (m): |
317.26 |
|||
(=) Curr EV, LFY (m): |
628.95 |
|||
Related Articles
Thailand News: TCC Assets F&N Bid Excessive
January 19th, 2013
Wilmar International Limited SIN:F34 a Winner
August 13th, 2011
GrainCorp ASX:GNC Values at $16
December 13th, 2012
Thailand Stocks: Asia Aviation Undervalued (Thai AirAsia)
November 15th, 2012
More News
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
1 of 6
China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
Commentary
Investor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
The Pilette Family’s 100 yr Racing History Celebrated at Indy
Theodore Pilette was a Belgian racing driver who finished 5th in the Y 1913 Indy 500 …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
1031 
104 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1413
146
