M09-01-ComparableCompaniesValuation

Model09-01ComparableCompaniesorTransactionsValuationMethodExampleAPanelA:CompanyWIsComparedwithCompaniesTA,TB,andTCRatioCompanyTACompanyTBCompanyTCAverageEnterprisemarketvalue/revenues1.41.21.01.2Enterprisemarketvalue/EBITDA15142217.0Enterprisemarketvalue/freecashflows25202724.0PanelB:ApplicationofValuationRatiostoCompanyWActualRecentDataforCompanyWAverageRatioRevenues=$1001.2EBITDA=$717.0FreeCashFlows=$524.0Average=ExampleBPanelA:CompanyWIsComparedwithCompaniesTA,TB,andTCRatioCompanyTACompanyTBCompanyTCAverageEnterprisemarketvalue/revenues3.51.25.03.2Enterprisemarketvalue/EBITDA22141517.0Enterprisemarketvalue/freecashflows10301418.0PanelB:ApplicationofValuationRatiostoCompanyWActualRecentDataforCompanyWAverageRatioRevenues=$1003.2EBITDA=$717.0FreeCashFlows=$518.0Average=IndicatedEnterpriseMarketValue$120$119$120$177IndicatedEnterpriseMarketValue$323$119$90$120