You are calculating the implied share price for Urban Outfit…
You are calculating the implied share price for Urban Outfitters. Using an average forward multiple of 11.8x from the above comp set, you determine that Urban Outfitters’ implied enterprise value is $15,000.0 million. What is Urban Outfitters’ implied share price, assuming the following from the company’s financials: Excess cash = $500 million Liquid financial investments = $50 million Debt = $3,200 million Preferred stock = $100 million Non-controlling interest = $28 million Fully-diluted shares outstanding = 63 million