For the calculation of EBITDA, would one use Net income to shareholders rather than net income (without including the impact NCI and redeemable NCI)? They use the latter for the cash flow statement. Thanks!
| +255 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 22 | 15h |
| +148 | UBS Exits 2026 | 39 | 1d |
| +101 | Work life balance = highly overrated | 39 | 48m |
| +74 | Congrats on the ROs. I Still Don’t Know Which One You Were | 8 | 2d |
| +42 | Did not get a return offer due to headcount, but happy to move on. | 8 | 2d |
| +40 | IB RO Discussion | 8 | 1d |
| +38 | girl who rejected/ghosted me messaged asking for IBD job | 22 | 48s |
| +34 | I don’t think investment banking is the way for me anymore | 29 | 4h |
| +30 | Case studies in banking interviews? | 3 | 5h |
| +29 | Getting a BB job just for brand name? | 5 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
That depends on what you're using EBITDA for. To value the equity of a business, you're going to have to exclude the non-controlling interests since that's a part of the business someone else owns. Typically, you'd work with an EBITDA that is 100% consolidated (i.e. including NCI contributions) and then adjust out the value of NCI in your bridge to equity value.
But if you want to find to use EBITDA as a metric for all investors (debt, equity, govt.) you would use the figure without the adjustment, right? Thanks.
Repellat voluptatibus sed consequatur temporibus sint aut harum. Consequatur fugit debitis et aut eos rerum mollitia. Facilis qui ea illo numquam quo facilis ut. Et quis dicta dicta et ut qui repellendus. In libero velit et. Ipsam exercitationem magnam nesciunt aut.
Velit voluptates omnis enim minus. Velit esse assumenda sed rerum dolores et iusto. Non velit libero dolore quidem. Provident inventore iure ea perferendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...