Figure 2:
Summary of 1999 Internet Company Valuation Multiples
|
(Through
Third Quarter 1999) |
Range
of Valuation Multiples |
ISPs |
Portals |
Internet
Retailers |
B2B |
Range of Weighted
Average Revenue Multiples |
10 to 14x |
84 to 88x |
28 to 49x |
25 to 36x |
Range of Weighted
Average Revenue Multiples For IPOs |
32 to 36x |
100 to 110x |
56 to 75x |
43 to 52x |
Range of Weighted
Average Revenue Multiples For M&A Transactions |
4 to 5x |
49 to 67x |
16 to 20x |
7 to 9x |
Range of Weighted
Average Subscriber and Monthly Unique Visitor Multiples |
$1,308 to $1,935 per
subscriber |
$385 to $397 per
subscriber |
N/A |
N/A |
|
|
|
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Bond & Pecaro 1999. All rights reserved. http://www.CyberValuation.com |