Posts by: Guest 1
Do you need to adjust EBITDA for non-cash items?
Full Question: When calculating a comp’s EBITDA for valuation-related purposes, do you adjust for all items of a non-cash nature – specifically stock-based compensation expense, LIFO inventory adjustments and pension/OPEB expenses? Or, do you have to pay respects to the fact that EBITDA is a mi... Read More
Full Question: When calculating a comp’s EBITDA for valuation-related purposes, do you adjust for all items of a non-cash nature – specifically stock-based compensation expense, LIFO inventory adjustments and pension/OPEB expenses? Or, do you have to pay respects to the fact that EBITDA is a mi... Read More
Re: LBO "Super Complex Course"
I believe I did everything online? I have taken multiple courses - thank you for your help.
I believe I did everything online? I have taken multiple courses - thank you for your help.
Re: Interest Schedule calcs
That was the strangest excel quirk. I tired to isolate the problem one step at a time. I manually entered a number in the total int expense row, IS continued with "ERROR". When I used "-" before the formula then it yielded "ERROR" and w/o "-" it would show &... Read More
That was the strangest excel quirk. I tired to isolate the problem one step at a time. I manually entered a number in the total int expense row, IS continued with "ERROR". When I used "-" before the formula then it yielded "ERROR" and w/o "-" it would show &... Read More
Maintenance capex vs capital expenditures revisited
Full Question:
Should capital expenditures that are not purely maintenance capex be reflected in the cash flows as an outflow of cash as long earnings from that investment are reflected in the EBIT?
Full Question:
Should capital expenditures that are not purely maintenance capex be reflected in the cash flows as an outflow of cash as long earnings from that investment are reflected in the EBIT?
Complex Trading: When to normalize Qs for calculating LTM?
Hi,
If I am adding the most recent 3Qs to the K, and taking away the last 3Qs, when do I normalize? Should I normalize after splicing the documents, or before? Does it matter? Any other pointers?
Hi,
If I am adding the most recent 3Qs to the K, and taking away the last 3Qs, when do I normalize? Should I normalize after splicing the documents, or before? Does it matter? Any other pointers?
Re: LBO "Super Complex Course"
No - I did everything online - thanks
No - I did everything online - thanks
Re: Altman Z-Score
Awsome, thanks!
Awsome, thanks!
Hospital Model
Is there an available example of a financial model of a hospital? Thank you.
Is there an available example of a financial model of a hospital? Thank you.
Capital leases revisited x2
Full Question:
Why do we subtract capital lease obligations from total debt?
Full Question:
Why do we subtract capital lease obligations from total debt?
I have a consolidated power company model that has current operational power plants and plants under construction. I’m using FCFF in valuing both types so far. But I think it is wrong to use FCFF for a project that has not yet started because I am not taking into account the debt in the future. Ho... I have a consolidated power company model that has current operational power plants and plants under construction. I’m using FCFF in valuing both types so far. But I think it is wrong to use FCFF for a project that has not yet started because I am not taking into account the debt in the future. However also, from what I know, equity value derived from FCFF and FCFE should be the same, so I shouldn’t be concerned of whether to use FCFE or FCFF in deriving the equity value right? I’d like to hear your thoughts on this. Read More