May. 7 at 6:37 AM
$VISN Vistance sold off the pther parts to allow better valuation of the company based on Aurora rather than multiple components, which the latter affects the accuracy of valuation.
Avarage industry similar to Aurora is about x12 EBITDA. Using the FY26 Aurora EBITDA between USD225m and USD250m, for a business >30% growth and take the concentration risks and etc into consideration, it is about USD1.8bn and USD2bn based on a conservative x8 EBITDA. If you add USD1.85bn cash sales of RUCKUS and USD200m+ cash balance they have now, it's about USD3.85bn to USD4.1bn intrinsic value.
Dividing by outstanding shares of ~225m shares, it's about
$17.10 to
$18 fair value using x8. If x12, it is about USD21 to USD22.40.
If it attracts a buyover, then we can easily see USD30 and above.
