Adjusted EBITDA in DCF Valuation?
Do we use an EBITDA figure that has been adjusted for one-time, non-recurring items in the DCF calculation? If not, where do these adjustments go? Much appreciated.
Do we use an EBITDA figure that has been adjusted for one-time, non-recurring items in the DCF calculation? If not, where do these adjustments go? Much appreciated.
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If they're one-time, non-recurring items and you're forecasting your future cashflows then you should probably adjust accordingly.
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