Quote Originally Posted by Snoopy View Post
I have decided to go over to the 'Winner's Side' and roll out a few ROIC calculations. Since Winner has already done this one I will check his working ;-)

Numbers are taken from the Income Statement and Balance Sheet of AR2020 for SKL:

ROIC = EBIT(1-T) / (Equity + Borrowings)

= $42.486m(1-0.28) / ( $184,563m + ($0.830m + $41.300m) = 13.49%

So it looks like Winner is correct :-)

SNOOPY

P.S. Woke in the middle of the night and remembered I should have taken the cash balance off the current borrowings,

= $42.486m(1-0.28) / ( $184,563m + ($0.830m - $13.617m + $41.300m) = 14.36%

So it looks like Winner is (mostly) correct :-)
So a question here. What would a company pay to take skellerup off the market ie takeover What is a reasonable takeover target in your eyes.