RE: AA Ireland Agreed Sale2 Oct 2020 16:23
JJ,
Where do you get your EBITDA multiple figures from?
I checked the AA Ireland accounts (I am no accountant, mind), and for 2016 (figures for YE Jan 2016) I get:
Sale price: €156.6
Cash on books: €23.2
Net of cash: €133.4
EBITDA: €16.1
EBITDA multiple: 8.3
For 2020 (figures to YE Jan 2020):
Sale price: €240 ("in excess of")
Cash on books: €27.2
Net of cash: €212.8
EBITDA: €20.4
EBITDA multiple: 10.4