EV/EBITDA definition
Examples of EV/EBITDA in a sentence
For this analysis, Ducera reviewed, among other things, (i) the implied fully diluted enterprise value of Era as a multiple of last-twelve-month EBITDA of Era as of September 30, 2019 based on Era’s historical financials (the ‘‘Era LTM EV/EBITDA Multiple’’) and (ii) the implied fully diluted enterprise value of Era as a multiple of the next-twelve-month EBITDA of Era as of September 30, 2019 derived from publicly available sources (the ‘‘Era NTM EV/EBITDA Multiple’’).
This is shown in the chart below which compares the CY2019 EV/EBITDA multiple implied by the total cash amount offered to Independent Amatil Shareholders of $13.50 per Amatil Share to the trading multiples of listed Coca-Cola bottlers as set out in the Independent Expert’s analysis.39 33 Implied equity value based on 727,484,532 diluted shares on issue comprising 723,999,699 ordinary shares outstanding and 3,484,833 long-term incentive share rights (as at 31 December 2020).
The Business Combination values Ambipar Response at a pro-forma enterprise value of R$3.1 billion, with an implied EV/EBITDA multiple of 11.1x based on reported EBITDA for the last twelve months ended March 31, 2022, and pro-forma implied equity value of approximately R$2.9 billion.
The value and balance sheet characteristics of the Fund as at 30 September 2021 are as follows: Number of Stocks 34 Dividend Yield* (%p.a.) 3.6 EV/EBITDA* (x) 13.9 Gearing(Net debt/EBITDA)* (x) 5.2 *These portfolio characteristics are the weighted average calculations for Fund which is based on the underlying securities held within the fund.
The value and balance sheet characteristics of the Sub-Fund as at 31 March 2022 are as follows: Sub-Fund Number of Stocks 31 Dividend Yield (% p.a.) 3.2 EV/EBITDA* (x) 14.7 Gearing(Net debt/EBITDA) (x) 5.1 *These portfolio characteristics are the weighted average calculations for the Sub-Fund which is based on the underlying securities held within the Sub-Fund.
The earn-out could add up to US$110 million to Ambipar Response's pro-forma implied enterprise value, which represents an EV/EBITDA multiple of 13.3x based on reported EBITDA for the last twelve months ended March 31, 2022.
The valuation of the company has been performed by applying 6x EV/EBITDA, which is in line with the market multiples used to value the printing businesses.
The Proposal also described QXO’s view of the challenges facing Beacon’s business, including (i) Beacon’s EV/EBITDA multiple having been largely range-bound in recent years and (ii) Beacon’s balance sheet likely not having sufficient capacity to pursue a strategy of transformative M&A quickly.
With the mentioned Business Combination, the combined company is expected to have a pro-forma enterprise value of approximately R$3.1 billion, which represents an implied EV/EBITDA multiple of 11.1x based on reported EBITDA for the last twelve months ended March 31, 2022, and pro-forma implied equity value of approximately R$2.9 billion.
We also examine valuation multiples like EV/EBITDA multiple, P/E multiple, Price to book and PEG ratio on an absolute as well as relative basis for determining the fair (intrinsic) value of the business.