Exhibit (c)(2)(iii)
ISSUE 27-3 |
PREPARED FOR US1 INDUSTRIES, INC. |
FAIRNESS OPINION OF US1 INDUSTRIES, INC. |
MARKET APPROACH - GUIDELINE COMPANY METHOD |
($ 000's) |
TTM | 5YWA | |||||||
ADJUSTED PRE-TAX CASH FLOW (EBITDA) | $ | 3,983 | $ | 3,411 | ||||
MARKET MULTIPLES | 10.0 | 11.0 | ||||||
LESS: DISCOUNT FOR COMPANY SPECIFIC FACTORS (25.0%) | 2.5 | 2.8 | ||||||
ADJUSTED MARKET MULTIPLE - CONTROL BASIS | 7.5 | 8.3 | ||||||
VALUE INDICATION - CONTROL BASIS | 29,869 | 28,139 | ||||||
VALUE INDICATION (ROUNDED) | 30,000 | 28,000 | ||||||
WEIGHTS | 50.0 | % | 50.0 | % | ||||
WEIGHTED INDICATION | $ | 15,000 | $ | 14,000 | ||||
VALUE INDICATION - GUIDELINE COMPANY METHOD | $ | 29,000 |
REMARKS
[1] TTM - Trailing 12 Months; 5YWA - 5 Years Weighted Average
AVERAGE | 9.8 | 12.3 | ||||||
MEDIAN | 10.2 | 11.1 | ||||||
HIGH | 13.3 | 19.0 | ||||||
LOW | 5.4 | 7.8 | ||||||
SELECTED | 10.0 | 11.0 |