Valuation metric11 Feb 2013 15:28
If EBIT of £5.6m is higher than normal, what is normalised EBIT? £5m (a small increase on last year)? or £4.5m (average of past few years) DYOR/not investment advice but EV of £30-35m for normalised EBIT of £4.5m - £5m (6-7) looks fine for well run diversified company with steady record of profits growth Jolly satisfied