thousands
1-800-828-5850
In relative valuation work we calculate an earnings stream for our target (e.g. EBITDA) and multiply that up, based on the valuation:EBITDA multiple other similar comparable companies are trading at. For example: [10m EBITDA earnings for target] x [average EBITDA multiple of 6 for comparables] = 60m target company valuation. The question is, how should we treat income the target company receives from associates? Step 1: exclude associate income for our valuation target Associates are businesses where the owner (the target company we are trying to value) holds a small shareholding. They can be businesses that are not core to normal operations, so the temptation is to exclude associate income when calculating underlying EBITDA earnings for our valuation target. Step 2: exclude associate income, and the value of associates, for our comparable companies To be consistent, we will need to exclude associate income from EBITDA in comparable companies, and also remove the value of the associates from valuation, to derive an underlying valuation multiple for the core business. Step 3: add the value of the associates to the valuation for our target company When valuing the target business using an EBITDA multiple derived from other comparable businesses, then we will need to value the associates separately and add those to our valuation for our target. So our target's valuation = [EBITDA less associate income] x [EBITDA multiple for comparable companies*] + [Value of associates] *where EBITDA multiple for comparable companies = [Valuation of comparable companies, excluding value of associates] divided by [EBITDA, less associate income, for comparable companies] This question was received on one of our valuation courses. See http://www.financialtrainingassociates.com/financialtrainingcourses.htm
Two for Associates, Four for Bachelors, Five for Masters, Eight for Doctorate.
i know one of Poseidon's associates and that was Apollo they did many stuff together
there are four syllables in the word associates.
Yes, many
Kohl's doesn't pay enough. Their pay is well below Target's compensation.
There are many services provided by Bettle and Associates. Examples of services offered by Bettle and Associates includes architectural design services and CDM coordinating services.
The services that Eye Associates offer are eye exams to their patients. Eye Associates also offer glasses and contacts in many different styles for patients to choose from.
You can search for Dental Associates Jobs online at Indeed, Career Builder and Dental Associate Careers. There are many jobs for Dental Associates available on these sites.
South Side Italian gang led by Al Capone targeted North Side Irish gang led by Bugs Moran. Moran is assumed to be the target but survived. 7 of his " mob associates" did not.
The known associates of Aphrodite are, Zeus,hera,Artemis,AresHephaestus, and many more u could look it up on google