Cleaned Ltd is a listed company that provides professional cleaning services. It has 50 million...

80.2K

Verified Solution

Question

Finance

imageCleaned Ltd is a listed company that provides professional cleaning services. It has 50 million shares outstanding and a current share price of $16.00. Its book value of equity is $425 million and its earnings per share (EPS) are $1.25. Use this information to help answer the questions that follow. (a) Cleanex's market-to-book ratio is . Note: Please provide your answer with two decimal points in the format of xx.xx (for example, if

Cleanex Ltd is a listed company that provides professional cleaning services. It has 50 million shares outstanding and a current share price of $16.00. Its book value of equity is $425 million and its earnings per share (EPS) are $1.25. Use this information to help answer the questions that follow. (a) Cleanex's market-to-book ratio is Note: Please provide your answer with two decimal points in the format of xx.xx (for example, if the answer is 1.234, type in 1.23). (b) The table below displays information relating to other firms in the cleaning industry. You want to use this information to perform a relative valuation of Cleanex's shares. Based upon the average P/E ratio for its industry, Cleanex's implied equity value per share is $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students