Posts by: Elvina J

Re: shareholder loan
Thank you! 1. Shareholder loan vs shareholder advances - am I right to say that the loan here is debt vs advances can be equity/debt like you said? Both are a form capital injection but only shareholder advance increases shareholder's equity on the balance sheet vs shareholder loan is treated as ... Read More
Go to post added 1 year ago
shareholder loan
Hi can you shed light in which case is shareholder reported as debt vs equity (capital contribution) on the balance sheet in GAAP and IFRS? From what I understand it's classified as debt at least under IFRS. I am not as familiar with GAAP. In reference to points 1 and 2 below. 1. https://www.... Read More
Go to post added 1 year ago
Re: Incorporating maintenance capex into free cash flow calc
I will remember to use TEV/(EBITDA-capex) instead of EV/(EBITDA-capex) next time, I remember you told me that before. I forgot to use the correct term here. Apologies
Go to post added 2 years ago
Re: Incorporating maintenance capex into free cash flow calc
Hi Wanted to confirm if I am getting this right, and this may have been stated in the video but just to double check, Please see this link for the questions below. https://www.wallstreetoasis.com/forums/evebitda-vs-evebit-vs-evebitda-capex-please-help I'm not sure if the conclusion on the ... Read More
Go to post added 2 years ago
capital lease in TEV
Hi I understand that you exclude capital lease from TEV as it's not exactly debt and the difference with operating lease is just the accounting definition. However if you exclude capital lease from TEV, does that mean that you have to include any interest and depreciation effect from lease from ... Read More
Go to post added 2 years ago
Re: Questions on the slides (8 questions)
Hi Thank you for the reply, they are very helpful! Hope you had a good weekend! Wanted to follow up your response to 7a-c, if I understand you correctly, 1. Lever & unlever of beta of comps and calculating of tax effected cost of debt: a. use marginal tax rate instead of effective tax... Read More
Go to post added 2 years ago
Questions on calculating items for multiples (9 questions)
Multiples 1. For P/E, you only use net income from continued operations and income to common shareholders (excluding minority interest), correct? 2. Do you need to take out the EBITDA from discontinued operation from EV/EBITDA? usually EBITDA isn’t broken out that way and I don’t know if t... Read More
Go to post added 2 years ago
Other income
Other income under revenue is different from other income below EBIT line right? ie the former does not have to be reclassified to below EBIT line?
Go to post added 2 years ago
Clarification on LIFO/FIFO adjustment & tax savings
1. Adjustment after tax (cell H54): formula = 2.4*0.6-4.9. you add 2.4*0.6 because you generate lower pretax income so you should be paying less tax hence you add back 2.4*0.6 as tax savings after adjusting back to LIFO (since you are converting all comps to LIFO standard for apple to apple comparis... Read More
Go to post added 2 years ago
Clarification on cost method and tax differences in the 10K
1. Adjustments – 1st one – page 2 of 10K: “Including a favorable fourth-quarter adjustment of $1 million related to taxes, the sale resulted in a pre-tax gain of $26 million and a loss of $7 million on an after- tax basis. The relatively high tax cost is largely due to the tax basis of the Com... Read More
Go to post added 2 years ago