Normalized Earnings – Felix

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Tag: Normalized Earnings

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Calculating Multiples – Steps

Trading Comparables
Comparable Companies, Enterprise Value, EV, EV Bridge, Multiple Calculation, Normalized Earnings, Valuation, Valuation Steps, Value Drivers

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Relative Valuation – Objective

Trading Comparables
Comparables, Forward-looking Valuation, Multiples, Normalized Earnings, P/E Ratio, Relative Valuation, Value Driver

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Value Driver – Cleaning Net Income and ETR

Trading Comparables for Research
Effective Tax Rate, Marginal tax rate, Net Income Adjustment, Non-recurring Expense, Normalized Earnings, Normalized Net Income, Tax Impact

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