Originally Posted by
Ogg
It's easy to work this out.
The Infratil/Brooksfield takeover of Vodafone NZ was done at 7x EBITA.
Given that SKY has confirmed guidance for FY20 and also that analysts, such as the one from Forsyth Barr posted from the user above, suggest that Sky should benefit from Covid, then it's safe to assume that Sky's FY21 guidance is a reasonable figure to rely on.
Sky's FY21 midrange EBITA guidance is $115m (note that this number is 50% less than just 2 years ago). Factor in less CAPEX from the sale of OSB and it's very likely that this figure will be reached.
If we use a conservative 5x EBITA, then that puts the valuation of Sky at $575m or 32c per share. More than a 100% premium to today's closing price.
Will someone pay more than 13.7c? Dunno, you'd have to go down the line and ask the many different companies who might be interested in doing so, such as; Infratil, Brooksfield, Discovery, Comcast (UniverialNBC), AT&T (HBO), ViacomCBS, Telstra, Newscorp, Spark, Trilogy International Partners, Nine Entertainment plus potentially many others etc etc etc