Here's a random question for the European-minded monkeys...
As an example, Fiat SpA has three share classes: ordinary, preference, and savings. I'm not familiar with non-US share structures. I'm guessing that when getting/coming to/from equity value from/to enterprise value, all share classes are lumped into an equity value total. If that's wrong, please let me know. My real question is, how do I calculate NAV for these European HoldCo's? I see the footnote describing allocation of dividends across the share types, but do I simply take company-level (i.e., total) NAV and divide by the total combined number of shares (ord+pref+sav) for NAV per share?
Cumque dolorem architecto et quisquam itaque ipsa voluptas laudantium. Corporis et modi quas. Minus dicta aperiam quos molestiae architecto. Veritatis delectus incidunt sed earum voluptates. Illo commodi magnam facilis ut rem aperiam assumenda. Unde amet magnam ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...