Groupon Valuations

	A	B	C	D	E	F	G	H	I	J
1		Date of valuation	Growth rate in revenues	Target operating margin	Sales to Capital ratio	Initial cost of capital	Probability of failure	Value per share	Price per share	Are you Buying?/Shorting?

2	Gajanan Patil	11/2/2011		100% for 5yrs, 40% for next 2 yrs and 8% there on		15%		15.92		No
3	Aswath Damodaran	11/2/2011	50%	23%	2	15%	0%	$14.62
4	Sajanlal	11/2/2011	45%	23%	2	15%	0%	$11.12		No
5	SR	11/4/2011	50	20	2	15	30%	$11		Short it like no tomorrow. This company has an unsustainable business model with low barriers to entry
6	G Rubin	11/2/2011	45% (due to an easy to replicate business model)	23%	2	0.1	5%	$10.59	Not traded yet	No - Note: the price per share is highly sensitive to changes in steady-state cost of capital. (and thus RoC). If Groupon stuggles and is slow to mature, they could face real problems in 7-10 years.
7	Linda Zhu	11/3/2011	50%	23%	2	18%	20%	10.15		No, Corporate governance issue
8	Jody	11/2/2011	40%	23%	2	15%	0%	$10.03		No, I don't trust them
9	Realist	11/2/2011	Initially 200%, then 50%, 30%, 10%, 10%	23%	2	15%	20%	$5.01		I'd rather own MF Global last Friday than Groupon in the long-term
10	Andrea A.	11/3/2011	40%	15.5% (an average of the industries more related to groupon)	2	15%	10%	4.5
11	Loga	11/3/2011	50%	10% (being in the retail industry and aggressive competition do not think they can command high margins)	2	18%	33% (of the view that probability of failure is high due to high competition. the business model has already spawned several lookalikes and there seem to be no barrier to entry and little competitive edge)	2.79	not traded yet	would like to buy a long dated (3 year) put option.
12	jp	11/5/2011	35	35	2	13	80%
13	ritu		40%	27%	3	13%	30%
14	Gabor	18/12/2011	30%	11%	2	15%		$1.95	$23.04	No
15			10	10	2	12	20%
16			20	10	2	15%
17			0
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99