Juice Manufacturer

ProHub Comment

This case tests the candidate's ability to structure an M&A valuation problem, extract key financial metrics from projections, and calculate ROI correctly. The solution requires careful interpretation of financial data (net sales, COGS, SG&A) to derive operating profits, then apply the purchase price formula using the revenue multiple to determine investment basis and returns.

Estimated Time 15 minutes
Difficulty Medium
Source PeterK
50 / 100
A large dairy company, Lean Foods, would like to acquire Aunt Jen’s Organic, a juice producer. Its valuation will be based on a revenue multiple of 0.3x, given Aunt Jen’s Organic’s history of losses over several years. What 3-year ROI should Lean Foods expect from this investment?

Clarifying Information

  1. Exhibit 1. Projected Finances of Aunt Jen’s Organic, 2023-26F
  2. We’re in early 2024
  3. We can ignore taxes and interest expenses