Valuation Approach

Was reading the Alta Fox memo on CLCT. They valued it on a 25-30x 2025 eps number. Is this generally the way in which longer term investors think about valuation? How do they triangulate on a multiple range that far out? 

I thought the majority of funds usually just put a multiple on FY+1 or FY+2 metrics. 

Would appreciate your thoughts!!

1 Comments
 

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