mgt wants 1.5 b and the final price 2b, 1b for brand and 1 b for bus
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.
Entirely possible considering growth opportunities outside the U.S.