riddler18 Jan 2015 15:27
also, I couldn't forget JOLLY and his EV/EBIT so here it is:
EV = enterprise value which is market cap + debt - cash
so current market cap is £36.3M, debt is also from balance sheet (180K + 324K) which is 504K and cash is £6.3M so 36.3+0.54-6.3 = 30.54 so the EV or enterprise value for PRES is £30.54M - this is the figure you would have to pay if you wanted to buy the whole company!
so EV is £30.54M. Ebit it simply the earnings before interest and tax sometimes called profit before tax which is also found on the income statement results from 9th Dec which is £5,349,000.
so EV/EBIT is £30,054,000 / £5,349,000 = which is just a meagre 5.6!!!
anything below 10 is good, anything below 8 is great so this is a jolly special right here!!!!