$TVK.TO, a company involved in international business, has made a significant acquisition that has sparked discussions about its valuation. The acquisition, which has led to a 20% increase in the company's stock price, has been described as steep at a 7x multiple, especially given the current challenges in the industry. Observers note that the partnership between Alberta and Quebec is noteworthy, and the CEO of Entrans, Ryan Rockafellow, is seen as a strong asset alongside CEO Dustin Haw, which may mitigate key man risk. Analysts are now considering what a fair valuation multiple would be for $TVK.TO post-acquisition, given its expanded capabilities and potential for faster EBITDA growth.
What is a fair multiple for $TVK.TO post this acquisition given that they are now 1) Truly international buyers with a much larger pool of targets 2) Able to do acquisitions of a much larger size, make them accretive quickly and grow EBITDA faster.
$TVK.TO Thread sums up TerraVest’s biggest acquisition nicely. Besides the industrial logic I like the fact that the CEO of Entrans Ryan Rockafellow has the same business acumen as Dustin Haw. Therefore, de-risks the investment case from a key man risk perspective. https://t.co/jWl5ukw8WX
number bigger but terravest less expensive now than it was March 1