Enzolytics Inc (ENZC)

[Valuator2]

MP, just to add to your comment, you're describing essentially the income approach to valuation. I would suggest considering applying probability factors to each income stream projection (you sorta covered that generally through the multiplier discussion) and the tax effect to your calculation methodology. I'm not speaking to the numbers b/c I haven't seen the study they quote (and I wouldn't comment about that publicly anyway). That's just my humble opinion (about the methodology, not the value) and nobody should consider it financial advice. Industry buyers may use other methods of valuation for acquisitions. Good luck everybody!