mgt wants 1.5 b and the final price 2b, 1b for brand and 1 b for bus
Entirely possible considering growth opportunities outside the U.S.
KKD trades at 1.30x SalesTHI trades at 3.0x SalesGMCR trades at 3.7x SalesTHI paying 3.0x Sales for KKD would get us to around $1.0B = $16/share = 0.4 X THI's current stock price.GMCR paying 3.7x Sales for KKD would get us to around $1.3B =$19/share = 1/2 X GMCR's current stock price.
P/S is not an apples-to-apples comparison. THI has higher p/s multiples because they are hugely profitable. Tons more profitable than KKD in every metric.KKD profitability is improving dramatically. I grant you that but its still no where near that of say THI.2x sales will be fair valuation in a few quarters.