Exhibit (c)(2)(ii)
ISSUE 27-2 |
PREPARED FOR US1 INDUSTRIES, INC. |
FAIRNESS OPINION OF US1 INDUSTRIES, INC. |
MARKET APPROACH - TRANSACTION METHOD |
($ 000's) |
TTM [1] | 5YWA | |||||||
ADJUSTED PRE-TAX CASH FLOW (EBITDA) | $ | 3,983 | $ | 3,411 | ||||
MARKET MULTIPLES | 6.0 | 6.0 | ||||||
LESS: DISCOUNT FOR COMPANY SPECIFIC FACTORS (-10.0%) | (0.6 | ) | (0.6 | ) | ||||
ADJUSTED MARKET MULTIPLE - CONTROL BASIS | 6.6 | 6.6 | ||||||
VALUE INDICATION - CONTROL BASIS | 26,285 | 22,511 | ||||||
VALUE INDICATION (ROUNDED) | 26,000 | 23,000 | ||||||
WEIGHTS | 50.0 | % | 50.0 | % | ||||
WEIGHTED INDICATION | $ | 13,000 | $ | 11,500 | ||||
VALUE INDICATION - MARKET TRANSACTION METHOD (Rounded) | $ | 25,000 |
REMARKS
[1] TTM - Trailing 12 Months; 5YWA - 5 Years Weighted Average
Multiples | |||||
AVERAGE | 5.6 | ||||
1ST QUARTILE | 4.5 | ||||
2ND QUARTILE (MEDIAN) | 5.8 | ||||
3RD QUARTILE | 6.8 | ||||
MAXIMUM | 9.3 | ||||
SELECTED | 6.0 |