Doesn't the EBITDA interest add back lead to it being capital structure neutral and actually not taking into account risk and leverage of the business? Or am I missing something?
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They also say that FCF = NOPAT - CapEx. Doesn't this leave out D&A and WC adjustments?
EBITDA calc is correct. Figure it out man.
Yes I agree the calculation is right. But EBITDA from what I’ve read is an unlevered metric no? It’s before interest and taxes.
That’s directly opposite of the guide which says it takes into account leverage.
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