Problem
Oneida, Inc. is a publicly traded company with a 60% cross holding in Cyclops Inc., also a publicly traded company. You are given the following information from Oneida Inc.'s consolidated financials and Cyclops' financials. What should the EV/EBITDA multiple for Oneida be, just as a parent company?
|
|
Oneida
|
Cyclops
|
|
Market Cap
|
5000
|
2000
|
|
Debt
|
1000
|
400
|
|
Cash
|
800
|
100
|
|
EBITDA
|
900
|
500
|
|
Minority interest
|
400
|
0
|