Ffdp corp. has yearly sales of $29.3 million and costs of $14.5 million. the company’s balance sheet shows debt of $55.3 million and cash of $39.3 million. there are 1,960,000 shares outstanding and the industry ev/ebitda multiple is 8.8. what is the company’s enterprise value?

$130.24 million

Explanation:

For computing the company’s enterprise value, first, we have to determine the EBITDA which is shown below:

EBITDA = Sales - cost

             = $29.3 million - $14.5 million

             = $14.8 million

Now we know that

EV and EBITDA multiple is 8.8

So,

8.8 = EV ÷ EBITDA

8.8 = EV ÷ $14.8 million

EBITDA = $14.8 million × 8.8

             = $130.24 million

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