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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 43 slides",
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  "authorName": "Houlihan Lokey",
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  "presentationDate": "2019-09-01 00:00:00",
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  "pageNumber": 7,
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  "nDataPoints": 24,
  "notes": "Includes summary tables for Drilling Services and Well Services segments; highlights specific movement for company FI.",
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      "text": "Upward-revised CY 2019E adjusted EBITDA estimates resulted in a reduced observed FI trading multiple, despite a moderate common stock price decline of 7.9%",
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      "text": "EV / CY 2019E Adjusted EBITDA multiples are minimally changed since August 20, 2019 in the aggregate, with both the median and mean multiple for all selected companies decreasing by 0.1x to 4.6x and 5.0x, respectively.",
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      "text": "Note: No company shown for comparative purposes is identical to Poconos. Refer to Glossary for full company names. Source: Capital IQ.",
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