Well established company. Margins were negatively impacted by COGS in '22. TTM appears to show a bounce back and growth from added bandwidth. Recent impact makes bank financing a challenge.
Seller is willing to consider a down payment + earnout.
redactedredactedTTM 2023p 2024p 2025p 2026p
Revenueredactedredactedredacted redactedredactedredacted
Marginredactedredactedredacted redactedredacted3990
Margin % 34% 37% 26% 35% 36% 36% 38% 39%
Adj EBITDAredactedredacted900 redactedredacted1.780
Major Balance Sheet Items
ARredacted900
Inventoryredacted
How would you value and structure using this information at this time?
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by a searcher
from Thomas More College
in Cincinnati, OH, USA
in Cincinnati, OH, USA
2yrs ago
How would you value & structure this deal?
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by an investor
1yr ago
from University of Rochester in Savannah, GA, USA
from University of Rochester in Savannah, GA, USA
I would investigate if this is really a one time issue ,, or not. Also, the inability to pass through cost increases tells you something about pricing power and the structure of any contracts. Not sure I agree about the revenue based earn out as revenues were up in '22 v '21.
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by a searcher
1yr ago
from Harvard University in Philadelphia, PA, USA
from Harvard University in Philadelphia, PA, USA
I think you should also track the working capital vs revenue % over years, as that will give you a sense of whether TTM revenue has an element of pulling back sales if there is a significant increase in networking capital %
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