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The Relevance of Historical and Forecast Periods in a Business Valuation

Equilest

This guide offers a comprehensive breakdown , real-world numerical examples , and visual infographics to demonstrate the powerful role of historical and forecast data in determining enterprise value (EV) or equity value. ? 2023–2027) Year Revenue ($M) EBITDA Margin EBITDA ($M) CapEx ($M) FCFF ($M) 2023 11.0

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Bel Closes Its Previously Announced Acquisition of Enercon Technologies

Benzinga

("Enercon") from Fortissimo Capital based on an enterprise value of $400 million. The transaction was funded through utilization of cash on hand of approximately $80 million, with approximately $240 million provided through incremental borrowings under the Company's revolving.

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The Dividend Discount Model (DDM): The Black Sheep of Valuation?

Brian DeChesare

Step 4: Discount the Dividends and Terminal Value to Present Value and Add Them This is like the final step of a DCF, but you use the Cost of Equity since the Dividend Discount Model is based on Equity Value, not Enterprise Value. Note that there is no Equity Value to Enterprise Value bridge here.

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Shockwave Medical to Acquire Neovasc

Benzinga

if the Milestone is achieved during the period beginning on January 1, 2027 and ending on December 31, 2027. Under the terms of the Arrangement Agreement, Neovasc shareholders will receive US$27.25 Each CVR will pay: (i) US$12.00 if the Milestone is achieved on or prior to June 30, 2026, (ii) US$8.00

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WSP to acquire Ricardo, a global strategic and engineering consultancy firm

Benzinga

This Acquisition represents an excellent opportunity for WSP to progress its 2025-2027 Global Strategic Action Plan and accelerate its expansion in targeted high-growth areas. The Acquisition reflects an enterprise value of approximately £363.1 million (approximately $670 million), which represents a multiple of 10.4x

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Bel Announces Agreement to Acquire Enercon Technologies

Benzinga

("Enercon") from Fortissimo Capital based on an enterprise value of $400 million. Transaction highlights: Expands Bel's exposure to the aerospace and defense end market from 17.5% to 31% of total revenue, based on LTM Q2 2024 Enercon gross margin of 46.0% and Adjusted EBITDA margin of 32.5%

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AI's Winners, Losers and Wannabes: An NVIDIA Valuation, with the AI Boost!

Musings on Markets

Note that for the most part, semiconductor companies carry light debt loads, leading to enterprise values that either trail in market capitalization in some years (because cash exceeds debt) or are very close to market capitalization in other years (because net debt is close to zero).

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