Which is very relevant, as I'd prefer a return on equity (RoE)
valuation approach here (vs. most analysts & their focus on earnings / EBITDA multiples), reflecting DHG's deliberate asset - heavy investment policy... which is now far less usual in the sector.
Well, I'll still apply a P / E & P / S
valuation approach here, with some important tweaks.
Not exact matches
Taking a similar
approach to
valuation as I did
here originally, FIG's easily worth double today's share price.
Now, let's average the two
approaches — which seems the only fair way to nail down a
valuation here.
So, let's dive right back in (for a brief refresher on the TGISVP analysis &
valuation approach, see
here):
Of course, we've seen huge share dilution since, but my
valuation approach (which focused primarily on Barryroe) would still suggest attractive upside potential from
here.
Which just leaves Google —
here, I'll average two separate
approaches: A growth - based P / E
valuation, and a more static / mature P / S
valuation.
As I posted
here previously, American and Chinese lawyers may take different
approaches when it comes to
valuation of damages in lawsuits.