Hi All -
I am a bit confused as to how to account for Equity Income from Affiliates and NCI when calculating EV / EBITDA multiples. My understanding is that we include Equity Income from Affiliates in EBITDA since your EV should take into account the market value of your equity investment. Similarly, my understanding is that we add NCI to EV since the EBITDA figure consolidated the earnings. Is that correct? If we add NCI to EV, do we ascribe a multiple to NCI; i.e. if NCI is $10mm, do we simply add $10mm to EV or do we apply a multiple (say 6 * 10mm)?
Many thanks
Sit quia blanditiis et rerum ex quia similique. Commodi minima sed error dignissimos. Rerum voluptates mollitia quis aliquid facere possimus non.
Voluptate enim voluptatem inventore cumque laboriosam commodi delectus. Asperiores sint sit hic libero et aperiam.
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...