EBITDA = (net income + interest + taxes + depreciation / amortization)
EV = (market value of common stock + market value of debt – cash and investments)
EBITDA = 160 + 9 + 12 + 48 = Sf 229 million
EV = (30 × 40) + 120 – 75 – 200 = Sf 1045 million
EV / EBITDA = 4.56
