Calendar/Fiscal Year Models and Multiples
In IB, is it more standard to be using calendar years (Jan-Dec) or fiscal year (October 1, 2017 through September 30, 2018) when you are referring to common stats (eg. EBITDA or EV/EBITDA) and usage in a model?
When building DCFs and such, should I be using the Fiscal or calendar year? I see the 10-K are all in fiscal year, should then I be using October 1, 2017 through September 30, 2018 under the "2018" year for FCFF calculation?
thank you
Yes. You would usually specify the period and then label it FY17, FY18 etc. The numbers used would then be 1. oct17-30sept18.
so do most people use fiscal year (FY)? how do you decide which one to use?
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