-An analyst has researched the EV/EBITDA multiples of comparable firms to a company they are preparing a research note about, Intangible Ltd. The comps are:
EV/EBITDA multiple
Firm X 12.1
Firm Y 9.8
Firm Z 10.3
You can assume that all these firms are comparable to Intangible Ltd. in all relevant respects (industry, size, etc…). Intangible Ltd. has EBITDA of $213m, net debt of $1.1b, and 40m shares outstanding. How much is Intangible Ltd.’s equity worth on a per share basis?