EBay isn't cheap, says Valuecruncher
Posted
Jun 17 2008, 02:34 PM
by
Kim Peterson
Rating:
Are eBay shares underpriced? Valuecruncher takes a look and says no. The market is right on.
"Our analysis gives a valuation of $28.13 which is less than 1% below the current share price of $28.38." (EBay shares are up to nearly $29 today).
In making its calculations, Valuecruncher assumes that eBay revenues will be $9 billion this year and grow to $11.5 billion in 2010. That's on the high end of eBay's own 2008 revenue range of $8.7 billion to $9 billion.