Review: Transaction Comps Modeling Exam
Question 1
When looking to do a transaction comp analysis, some of the merger-related filings that should be looked at include each of the following EXCEPT:
8-K
Form S-1
Proxy statement
Form S-4
Question 2
When determining value for a company based on transaction rather than trading comps, one of the key differences that will affect the value is:
Lack of a comparable universe
Premium Raid for control of the business
Unavailable historical information
Target was never public
Question 3
A company provided the following GAAP to non-GAAP reconciliation:
Non-GAAP Operating profit
($ in millions) 2019A
GAAP Operating protit 56
Amortization of purchased intangible 6
assets
Stock based compensation 51
Restructuring expenses 184
non-GAAP operating profit 297
Question 1
When looking to do a transaction comp analysis, some of the merger-related filings that should be looked at include each of the following EXCEPT:
8-K
Form S-1
Proxy statement
Form S-4
Question 2
When determining value for a company based on transaction rather than trading comps, one of the key differences that will affect the value is:
Lack of a comparable universe
Premium Raid for control of the business
Unavailable historical information
Target was never public
Question 3
A company provided the following GAAP to non-GAAP reconciliation:
Non-GAAP Operating profit
($ in millions) 2019A
GAAP Operating protit 56
Amortization of purchased intangible 6
assets
Stock based compensation 51
Restructuring expenses 184
non-GAAP operating profit 297
