Dropshipping Business: What’s It Worth? CommmerceHub Dropshipping Business Valuation, ths USD 2020E DS EBITDA minus Public Co Costs minus Capialized Software $77,714 minus SBC Multiple 16.0x EV $1,243,424 Cash build up $184,881 Debt + DE 10,000 Equity $1,418,306 FD S/O as of now (including options outstanding but not exercisable) 45,091 Annual dilution 1.5% 2020E FD S/O 47,858 Target Dropshipping Business Value Per Share in 2020, $ $29.64 Caro-Kann Capital LLC 66