Business
Multiple reasons to bump Sydney Airport bid: Macquarie – The Australian Financial Review
IFM Investors and partners’ $30 billion bid for Sydney Airport values the group at 26.3-times pre-COVID earnings and 20-times…
In Australia, Hobart in 2019 was 28x, and 2018 North Queensland Airports 24.0x, the analysts told clients.
Since that time, bonds have stayed relatively low, thus the multiples can remain high.
SYD should trade at a premium to peer assets, reflecting it…
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