You are calculating the implied share price for American Eag…
You are calculating the implied share price for American Eagle using the comp set. Using an average forward multiple of 11.8x, you determine that American Eagle’s implied enterprise value is $2,500.0 million. Using this EV, what is American Eagle’s implied share price, assuming the following from the company’s financials: Excess cash = $105 million Liquid financial investments = $25 million Debt = $2,100 million Preferred stock = $50 million Non-controlling interest = $15 million Fully-diluted shares outstanding = 50 million Diluted weighted-average shares outstanding = 52 million
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