Comparable Companies definition
Examples of Comparable Companies in a sentence
Rather it involves complex considerations and judgments concerning differences in historical and projected financial and operating characteristics of APY and the Comparable Companies and other factors that could affect public trading value.
An analysis of the multiples of price to book value excluding the effect of SFAS 115 yielded multiples ranging from 1.26x to 2.14x, with a median of 1.64x, for the Comparable Companies.
For APY and each of the Comparable Companies, Salomon Brothers reviewed, among other things, its 1996 operating earnings per share ("EPS"), 1997 estimated operating EPS, book value (as of December 31, 1996), book value excluding the effect of SFAS 115, dividend yield, 1997 implied return on equity (based on 1997 estimated operating EPS and book value) and the ratio of enterprise value (equity market capitalization plus total debt, preferred stock and minority interests) to statutory surplus.
An analysis of the multiples of price to book value yielded multiples ranging from 1.16x to 2.09x, with a median of 1.36x, for the Comparable Companies.
An analysis of the multiples of price to estimated 1997 EPS yielded multiples ranging from 8.9x to 16.4x, with a median of 11.9x, for the Comparable Companies.
The companies listed in the following table, which are referred to in this Proxy Statement as the "Comparable Companies," are the companies that The Beacon Group used for this analysis: COMPARABLE COMPANIES Beck▇▇▇ ▇▇▇l▇▇▇, ▇▇c.
An analysis of the multiples of price to 1996 EPS yielded multiples ranging from 10.4x to 20.5x, with a median of 14.1x, for the Comparable Companies.
Salomon Brothers considered the Comparable Companies to be reasonably similar to APY, but none of these companies is identical to APY.
While BZW selected the Comparable Companies based on the similarities in markets served and businesses conducted, no company examined in the analysis of selected publicly traded companies is identical to the Company.
Because Internet professional services companies, including the Comparable Companies, generally have declining revenue, negative earnings, minimal debt and cash balances that fund the ongoing losses or development of the companies' business plans, ▇▇▇▇▇▇ ▇.