Description

This LTM Multiples Felix Challenge will take you through a case study to calculate the EV / LTM EBITDA multiple for a real company using live data. Diluted equity is calculated from basic shares, plus shares from dilutive securities. Then the equity to EV bridge is used to calculate EV. Finally, the last twelve month's (LTM) EBITDA is calculated.

Learning Objectives

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1. Identify the items in the equity to EV bridge.
2. Calculate diluted equity using real financial statements.
3. Use a company's press release (PR) to clean operating profit.
4. Calculate the last twelve months (LTM) EBITDA.
5. Compare the new LTM EV/LTM EBITDA multiple to that from 2 months prior.