Extend the discussion to look at operating earnings and EBITDA multiples and their determinants.
Пікірлер: 24
@zexinlin414 Жыл бұрын
A really good professor who provides an insightful thinking for these finance models
@andrewmaina88995 жыл бұрын
Excellent stuff sir, thank you! Especially the finishing touch on infrastructure/trucking companies.
@markpurol44715 жыл бұрын
Your video has helped me see this process much more clearly! Thanks for the info.
@heshanpalliyaguruge6333 Жыл бұрын
A true master at work. Thank you professor
@TommyCarstensen7 жыл бұрын
Great example with Ryder System towards the end of the presentation!
@rudimuller38695 жыл бұрын
Thank you again for the explanation. I would really like to visit one of your classes!
@unnatbajoria28985 жыл бұрын
Great insights!
@quant-trader-010 Жыл бұрын
This is gold!
@rajeshsrivastava17284 жыл бұрын
sir, what in case, the company is not listed, how to get the market value of equity
@vijetarvindpatil75795 жыл бұрын
Thanks Sir,
@xcinvestment12318 жыл бұрын
Slides available here: people.stern.nyu.edu/adamodar/pdfiles/valonlineslides/session16.pdf
@vishwasmaheshwari11523 жыл бұрын
At 1:45 in the FCFF formula, you also need to add Depreciation to FCFF, right ? I think u missed that
@lingshyanchong31842 жыл бұрын
Net Capex = Capex - Depreciation
@angiewhiteley97672 жыл бұрын
I'm so confused, in EV/EBITDA, where does tax come into the calculation? I thought one of the pros of this multiple was that it was useful in comparing companies subject to different tax rates because it used EBITDA not Earnings? How does a higher tax rate lead to a lower multiple?
@pranavnagarkar60052 жыл бұрын
It is not the ebitda but the EV or the way he has computed EV that has bought the tax rate into the picture
@arulajoy80602 жыл бұрын
dude , tax rates are used to calculate interest tax shields . which is added in enterprise value
@pranavnagarkar60052 жыл бұрын
@@arulajoy8060 I'm implying the same thing brother, though there's no tax implications in EBITDA but while considering EV we have to bring tax into the picture.
@MrOsha7 Жыл бұрын
at 2:59 when he says that cash is netted out from debt because income from cash is not part of ebitda, does he mean interest earned on cash?
@gauranggarg549 Жыл бұрын
I guess yes, because interest income and expenses are accounted for after arriving at EBITDA
@Moose_fit_vlogs5 жыл бұрын
Sir, I really liked the video but I have a doubt! Don't you think EV/Free Cash Flow makes more sense if you are about to acquire a company as it tells you how many years or time period it will take to get back the price paid for acquisition. Infact, in case of LBO's it definitely makes more sense than EBITDA. I know there is different definition of Free cash flow and in many places it says the process of finding free cash flow is lumpy but overall don't you think it is better than taking EBITDA. What's your take on that?
@romancandlefight1144 Жыл бұрын
1:50 "if you ever see a FCF to EV multiple I guarantee that it's not been done right"
@elontusk91233 жыл бұрын
7:40 No company can have continual growth higher than the long term GDP growth rate. Is this not an impossible example?
@gregbattis23854 жыл бұрын
Liquid gold
@zekezhen14312 жыл бұрын
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