Valutico

DECEMBER 15, 2022

The ratio used might be EV/EBITDA, EV/Sales, P/E or another, depending on the valuation performed and the type of business being valued. So another major assumption when adopting this method, is that the type of ratio chosen as the comparison point, such as P/E or EV/EBITDA should be similar across similar firms. .

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comparable Company Analysis EBITDA Enterprise Value 52

Valutico

DECEMBER 15, 2022

The ratio used might be EV/EBITDA, EV/Sales, P/E or another, depending on the valuation performed and the type of business being valued. So another major assumption when adopting this method, is that the type of ratio chosen as the comparison point, such as P/E or EV/EBITDA should be similar across similar firms. .

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comparable Company Analysis EBITDA Enterprise Value 52

Valutico

DECEMBER 6, 2022

At the current level Salesforce has a P/E ratio of 100x and an EV/EBITDA ratio of 47x for 2022. This was mainly driven by operating expenses growth exceeding sales growth and thus putting strain on EBITDA margin. Salesforce experienced a terrible year financially in 2022, which explains these very high multiples.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

DECEMBER 6, 2022

At the current level Salesforce has a P/E ratio of 100x and an EV/EBITDA ratio of 47x for 2022. This was mainly driven by operating expenses growth exceeding sales growth and thus putting strain on EBITDA margin. Salesforce experienced a terrible year financially in 2022, which explains these very high multiples.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

MAY 28, 2025

You can now view Net Sales, EBITDA, EBIT, and Net Income as sortable columns for more detailed peer analysis and comparison. The added financial metrics, like EBIT and Net Income, enable more precise peer analysis. These updates are integrated directly within the Peer Selection screen. Why does this matter?

Risk-free Rate 52

Risk-free Rate EBIT Equity Enterprise Value 52

Valutico

AUGUST 16, 2022

The trading comparables approach confirms this view with the median EV/EBITDA, EV/EBIT and P/E multiples applied to the 2023 forecasts producing a valuation range of USD 600 million to USD 1.1 While the current market capitalisation was USD 1.42 billion.

EBIT 59

EBIT EBITDA Equity Marketability 59

Valutico

APRIL 24, 2023

billion, driven by lower interest expense and lower non-cash impairment losses, offset by lower Adjusted EBITDA, an accrual related to the securities class action lawsuit, and higher supply chain and commodity costs. Adjusted EBITDA decreased 5.8% billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA Net Debt EBIT 52

Valutico

APRIL 24, 2023

billion, driven by lower interest expense and lower non-cash impairment losses, offset by lower Adjusted EBITDA, an accrual related to the securities class action lawsuit, and higher supply chain and commodity costs. Adjusted EBITDA decreased 5.8% billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA Net Debt EBIT 52

Valutico

DECEMBER 19, 2022

The company also was able to increase its EBITDA by 6.5% with an overall EBITDA margin of 35.2%. The Trading Comparables analysis resulted in a valuation range of €98 to €222 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. billion which is an increase of 5.7% compared to last year’s Q3.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

DECEMBER 19, 2022

The company also was able to increase its EBITDA by 6.5% with an overall EBITDA margin of 35.2%. The Trading Comparables analysis resulted in a valuation range of €98 to €222 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. billion which is an increase of 5.7% compared to last year’s Q3.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

NOVEMBER 28, 2022

billion with EBIT margin increasing to 16.6% The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. ABB’s order intake rose 4% to CHF 7.9 billion, the company said in its third-quarter press release. from 15.1%

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

billion with EBIT margin increasing to 16.6% The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. ABB’s order intake rose 4% to CHF 7.9 billion, the company said in its third-quarter press release. from 15.1%

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

OCTOBER 17, 2022

In the fo rmer, we compared Porsche with peers such as BMW, Mercedes-Benz, Ferrari and Ford using thethe EV/EBITDA and the EV/EBIT multiples. We have performed a Trading Comparables analysis and a discounted cash flow using the Flow to Equity Approach. Our result suggests a valuation range of €74 billion to € 96 billion.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Valutico

MAY 24, 2023

2022 saw a robust cash and capital structure with a staggering USD 967 million adjusted EBITDA in Q4, up by 14% from the previous year. billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 21.8 billion using a WACC of 10%.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Capital Structure 52

Equilest

MARCH 17, 2022

In practice, professionals rely on several results, assessed at different levels of the income statement: - the gross operating surplus (EBIT or EBITDA) - net operating surplus (ENE or EBIT) - the Current Result Before Tax (RCAI) - Net Income (NR) - Self-Financing Capacity (CAF) or operating cash flow. EBITDA and EBIT).

Business Valuation 40

Business Valuation EBIT Discounted Cash Flow EBITDA 40

Valutico

SEPTEMBER 22, 2023

This method is common in industries where valuations are commonly expressed as a multiple of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) or Earnings Before Interest and Taxes (EBIT). It indicates how much an investor is willing to pay for a company’s operating earnings (EBITDA).

Discounted Cash Flow 52

Discounted Cash Flow Intangible Assets Book Value Asset-based Approach 52

Valutico

JULY 7, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT, P/E and P/B. The Discounted Cash Flow analysis produced a value of CAD 14.7 billion using a WACC of 8.8%. The Trading Comparables analysis resulted in a valuation range of CAD 6.4 billion to CAD 28.1 and Peninsula Energy Limited.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JUNE 26, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 27.1 billion using a WACC of 11.7%. The Trading Comparables analysis resulted in a valuation range of USD 27.1 billion to USD 35.4 Earthstone Energy, Inc. and Northern Oil and Gas, Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

FEBRUARY 8, 2023

The Trading Comparables analysis resulted in a valuation range of $257 billion to $296 billion by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Flow-to-Equity analysis produced a value of $308 billion using a Cost of Equity of 9.2%.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Musings on Markets

JANUARY 6, 2023

By the same token, it is impossible to use a pricing metric (PE or EV to EBITDA), without a sense of the cross sectional distribution of that metric at the time. For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Valutico

JUNE 9, 2023

billion to USD 108 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 212 billion using a WACC of 6.8%. The Trading Comparables analysis resulted in a valuation range of USD 57.2 Scandinavian Tobacco Group A/S and Vector Group Ltd.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

MARCH 9, 2023

The Trading Comparables analysis resulted in a valuation range of €305 billion to €492 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of €330 billion using a WACC of 9.3%.

Discounted Cash Flow 52

Discounted Cash Flow Marketability EBIT Market Capitalization 52

Valutico

FEBRUARY 21, 2023

The Trading Comparables analysis resulted in a valuation range of $1,517 billion to $2,344 billion by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $1,373 billion using a WACC of 9.9%.

Discounted Cash Flow 52

Discounted Cash Flow Technology EBIT Market Capitalization 52

Valutico

JANUARY 9, 2023

The Trading Comparables analysis resulted in a valuation range of $83 billion to $118 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $68.6 billion using a WACC of 8%. . For our Trading Comparables we selected similar peers such as McDonald’s, Yum!

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

NOVEMBER 21, 2022

The Trading Comparables analysis resulted in a valuation range of $202 billion to $231 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $230 billion, with a WACC of 8.8%. .

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JANUARY 9, 2023

The Trading Comparables analysis resulted in a valuation range of $83 billion to $118 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $68.6 billion using a WACC of 8%. . For our Trading Comparables we selected similar peers such as McDonald’s, Yum!

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

NOVEMBER 21, 2022

The Trading Comparables analysis resulted in a valuation range of $202 billion to $231 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $230 billion, with a WACC of 8.8%. .

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JULY 25, 2023

The Trading Comparables analysis resulted in a valuation range of USD 503 billion to USD 812 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a valuation range of USD 370 billion to USD 493 billion using a WACC of 12.9%. Microsoft Corporation.

Discounted Cash Flow 10

Discounted Cash Flow EBIT Start-ups EBITDA 10

Valutico

JUNE 15, 2023

The Trading Comparables analysis resulted in a valuation range of USD 60 billion to USD 277 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 267 billion using a WACC of 13.6%. and Cisco Systems, Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

MAY 18, 2023

The Trading Comparables analysis resulted in a valuation range of USD 106 billion to USD 235 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 222 billion using a WACC of 6.4%. and Alphabet Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Dividends EBITDA 52

Valutico

MARCH 1, 2023

The Trading Comparables analysis resulted in a valuation range of GBP 98 (USD 199) billion to GBP 137 (USD 166) billion by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B. For our Trading Comparables we selected similar peers such as Total Energies, Shell, Chevron and Saudi Arabien Oil Company.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Valutico

JANUARY 5, 2023

billion to HKD 3,905 (USD 501) billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Trading Comparables analysis resulted in a valuation range of HKD 1,752 (USD 221.5) For our Trading Comparables we selected similar peers such as Alibaba, NetEase and Meta Platforms.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Technology 52

Valutico

NOVEMBER 7, 2022

We came up with this valuation range by using the observed trading multiples EV/EBITDA, EV/EBIT and P/E of peers such as Nike and Puma. . The Trading Comparable analysis shows a completely different picture for the valuation of Adidas, as it suggests a value between €15.6 billion and €26.2 billion to €44.9

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

NOVEMBER 14, 2022

Our Trading Comparables analysis produced a valuation range of €178 billion to €222 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B. The Flow to Equity analysis produced a value of €272 billion, with a Cost of Equity of 8.9%.

EBIT 52

EBIT Equity Dividends EBITDA 52

Valutico

JANUARY 5, 2023

billion to HKD 3,905 (USD 501) billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Trading Comparables analysis resulted in a valuation range of HKD 1,752 (USD 221.5) For our Trading Comparables we selected similar peers such as Alibaba, NetEase and Meta Platforms.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Technology 52

Valutico

JANUARY 5, 2023

billion to HKD 3,905 (USD 501) billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Trading Comparables analysis resulted in a valuation range of HKD 1,752 (USD 221.5) For our Trading Comparables we selected similar peers such as Alibaba, NetEase and Meta Platforms.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Technology 52

Valutico

NOVEMBER 14, 2022

Our Trading Comparables analysis produced a valuation range of €178 billion to €222 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B. The Flow to Equity analysis produced a value of €272 billion, with a Cost of Equity of 8.9%.

EBIT 52

EBIT Equity Dividends EBITDA 52