Summarized below is an estimate of the relative valuations of some public companies that have significant hosting operations. Please be aware that a number of these companies have significant other businesses that may also affect the valuations. (All data was taken from publicly available financial statements and please see this post for how we calculate Enterprise Value - "EntValue".)
Closing prices as of 9/8/2010
AnnualizedEntValueEntValue/EntValue/
CompanyRevs ($mil) ($mil) Revenues EBITDA
North America
Savvis $ 887 $ 1,888 2.1 8.6
Rackspace $ 749 $ 2,874 3.8 11.6
Navisite $ 126 $ 224 1.8 9.3
Web.Com $ 99 $ 99 1.0 6.6
Peer1 $ 100 $ 187 1.9 7.3
Group iWeb $ 29 $ 48 1.7 6.1
Europe
United Internet $ 2,364 $ 4,092 1.7 8.9
Dada $ 195 $ 197 1.0 7.8
Mamut $ 76 $ 95 1.2 5.7
Net Benefit Gp $ 67 $ 127 1.9 8.6
IOMart Gp $ 31 $ 112 3.6 16.0
Australia
Melbourne IT $ 180 $ 202 1.1 7.8
As always, please feel free to contact us if you have any comments, or questions.
Cheval Capital, Inc.
Disclaimer: This post is for general information purposes and is not meant to be taken as financial advice, a recommendation to buy or sell the stocks mentioned above, a comprehensive discussion of valuation or how to do the calculations discussed. Please be sure to consult your financial advisors when valuing your company, considering the sale of your business or making other financial decisions.