Business
PEXA IPO could be ready within months – The Australian Financial Review
Fast growing e-conveyancing business PEXA is to be spun out of Link Administration. This is the Link board’s response to a takeover from private equity which allegedly…
But he says if you use fiscal 2022 consensus earnings, which assume a 40 per cent year on year recovery, and then apply a 20 to 30 per takeover premium the value of Link is between $6.35 and $6.88.
Stadnik’s valuation of Link assumes its 44 per cent stake in PEXA at $1.54 a share or an enterprise value 19 times fiscal 2022 earnings before interest, tax, depreciation and amortisation.
Another way of analysing the PEP and Carlyle bid at $5.20 a share is to assume PEXA is worth $2.5 billion. This values…
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