Centex Valuation

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Centex Valuation

• Summer 2002
• Scott Meadow
• University of Chicago

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Centex
Equity Value/Share 0.45/Share Dollars
Invested 1,000,000 Percentage
Ownership 0.54 Valuation Post-Money 1mm /
0.54 1,850,000 Valuation Pre-Money
850,000
On Exposure Equity Invested 1,000,000 Debt
Obligation 1,000,000 Total Exposure 2,000,
000 Percentage Ownership 54 Valuation
Post-Money 2.0 / 0.54 3,700,000 Valuation
Pre-Money 3.7mm - 2.0mm1,700,000
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Centex
Equity Value/Share 0.67/Share Dollars
Invested 1,500,000 Percentage
Ownership 0.54 Valuation Post-Money 1.5 mm /
0.54 2,777,000 Valuation Pre-Money 1,277,00
0
On Exposure Equity Invested 1,500,000 Debt
Obligation 1,500,000 Debt Conversion to
Equity 350,000 Total Exposure 3,350,000
Percentage Ownership 59 Valuation Post-Money
3.350 / 0.59 5,662,000 Valuation
Pre-Money 5.662mm - 3.350 2,312,00