And even giving it an Ebitda multiple akin to the far more profitable Disney, for example, the company is worth perhaps 70% of what Bain paid for it.

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The analyst notes that Western Europe and North America together account for about 70% of revenues But he adds that for revenus to grow fast enough to justify a 15x 2014 consensus EBITDA multiple likely requires 20% growth in those markets.

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If you take those fees and give a five multiple to the revenues or 10 or 12 multiple to the EBITDA, then we had the price of the stock.

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EBITDA a record multiple for a tech deal.

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The second payment will come 15 months after the deal is officialized, based on the profits for the following 12 months, by a multiple of 13 times the EBITDA generated in the period.

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Investors that are valuing the company by applying a valuation multiple to 2011 or 2012 EBITDA forecasts, figures that will be temporarily depressed due to higher input costs, will end up with lower valuations for the company than us.

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He likes the company's lack of debt and cheap shares, which are less than five times the Enterprise Multiple (defined as Enterprise Value divided by EBITDA).

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This phone company's enterprise multiple (market value plus debt minus cash, divided by Ebitda) is 9.

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Google's enterprise multiple, the ratio of market cap plus debt to operating earnings (Ebitda, that is), is 33, compared with an industry average of 18 (where Yahoo is).

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