Dear all
Any ideas of EV/EBIT multiple to evaluate digital products e-commerce business like this one...
We are a self-funded search, currently in the process of signing the LOI and willing to get some validation to our proposal and mainly to the EV/EBIT multiple. The Company details are below:

Industry: Online test & assessment preparation (e-commerce)

Product: An online kit (like GMAT)

Financials 2020:
Revenue: USD10m (growing 10-15% for the last years).
EBIT: USD3m (growing 10-15% for the last years)

Business dynamics:
Non-recurring revenues
Cash conversion: >90%
Competitive landscape
Low entry barriers

Any ideas for relevant sources to evaluate digital e-commerce businesses?
If interested, please reach out directly to

Best and happy weekend, Matan