SunEdison - $721.95M a rough estimate of IPO Spinoff valuation
Guys before I begin please note this is a basic rough estimate based on current sales multiple of (p/s = 0.77).
The Semiconductor business as shown on page 15 of the the 10Q filing shows it had sales of $468.8M for the last 6 months of reported earnings.
Assuming similar sales for the next 6 months = 2x $468.8M = $937.6M
$937.6M x current p/s sales ratio of 0.77 = $721.95M
SunEdison stated it will keep a small stake in the IPO spinoff but did not give a percentage.
Now we have a starting point to begin our discussions.
I would like inputs from the thousands of brilliant minds on the Fool as to why this is not reasonable valuation either on the lowside or upside.