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11-08-2020, 09:31 AM
(09-08-2020, 03:17 PM)nitro Wrote: Anyone did a valuation on Riverlea?
In 2017 - QAF tried to IPO and list it at a market cap S$224.1m
Based on various assumptions, including a market capitalisation of S$224.1 million for the listing, S$88.8 million raised by selling new shares to the public, and S$21 million from selling current shares, and expenses of S$8 million excluding cash bonus to senior employees, QAF will recognise a gain of S$8.5 million to its equity after the listing of 49 per cent of its interest.
Latest QAF 1H2020 results shows EBITA of S$15m. Assuming FY EBITA (without factoring in taxes) S$25m-S$30m and using conservative PE of 10 during Covid crisis. Will Riverlea fetch S$250m-S$300m?
During the 2017 IPO listings
https://www.afr.com/street-talk/rivalea-...101-gzca2g
The documents showed Rivalea had pro forma net debt of $2.5 million as at June 30. If successful, the float would trade at 7.2-times forecast 2017 earnings before, interest, tax depreciation and amortisation.