MDCA Partners January 2020 Memo: Merger With Stagwell [Valuation Analysis]
MDCA Partners Inc (NASDAQ:MDCA) memo for the month of January 2020, discussing MDCA’s proposed merger with The Stagwell Group LLC. Q4 2020 hedge fund letters, conferences and more Price: $2.75 Mkt Cap: $ 866 MM Ent Val: $ 2,151 MM EV / Rev: 1.0x LTM and 1.0 fwd. EV / EBITDA: 6.1x LTM, 5.8x fwd (incl synergies) Price Target: $4.50-$5 (short term), $8-10+ (longer term) MDCA's Merger With Stagwell: Situation AnalysisMDCA Partners Inc. (“MDCA” or the “Company”) has been written up in the past which provides some good background of the Company. This write up focuses on the proposed merger of MDCA w...