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?
| +335 | Return Rates For Interns Are Falling? | 142 | 46m |
| +148 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 5h |
| +144 | Evercore > Goldman and I don’t think it’s particularly close anymore | 56 | 5m |
| +124 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 22h |
| +75 | Santander IB? | 10 | 3d |
| +68 | I hate Wells Fargo | 19 | 7h |
| +51 | No return offer - feeling like a failure is an understatement | 20 | 2h |
| +45 | How cooked am I as an incoming WF IB SA 2027? | 17 | 28m |
| +43 | WF Return offers | 28 | 2d |
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.
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.
Ut sapiente nobis saepe vero explicabo quis veniam. Et molestiae culpa similique excepturi itaque velit. Eaque officia nam laudantium atque nisi vel. Ducimus nulla dignissimos enim et.
Vero sed omnis quod ullam mollitia fuga. Sed maxime cum ea quasi et qui. Odit quia fuga quia autem incidunt voluptas magnam.
Eveniet vero aliquid aliquam laboriosam. Praesentium quis mollitia porro repellendus et et dolor adipisci. Fuga totam animi ex quia recusandae in. Quisquam magnam voluptatum ut sit accusamus modi optio. Explicabo rerum praesentium placeat quos.
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...