Osmonics has an enterprise value of $211 million and a price-to-cash-flow (earnings plus depreciation and amortization) multiple of 14, which is depressed relative to a five-year average multiple of 19.
Before the crisis, the Shenzhen market was having an average multiple of 70 times earnings.
Even more expensive are biotech stocks, which have average multiples of 47, according to Mr. Jacobs's figures.
Goldman used the same multiple of cash flows for both Southern Peru and Minera.
The mature businesses are valued as a multiple of cash flow.
MCI sells at a low multiple of cash flow, while WCOM is pricey.
The student screen will allow them to see how much cash they have accumulated, what the average amount of cash invested is, and the average proportion of cash invested in the communal bank (Figure 2).
The table reveals that the average amount of cash and/or in-kind remittances sent is about 30,000 shillings.
For example, the average share of cash payments in grocery stores is 92.3 % while the average share of card payments in department stores is 7.9%%.
Overall, the number of fraud instances fell 14% from the previous year but the average amount of cash involved rose.
