Valuing company using multiples

bumpity bump bump

Don't work in HF land, currently in PE, but my thoughts below:

• Needing a full 3 statement model will always be dependent on how exact you are trying to be and what multiples you need (if you need P/E, then you need a much better model than if you are looking at EV/EBITDA)
• I could see a world where they project forward the revenues/EBITDA for the next 3-5 years, see how the EV/EBITDA changes over time then put their own thought on what the company is worth to get a general sense of where the value may be in 3-5 years and if it's meaningfully different than the current consensus value
• Every shop has a different investment thought process so you should talk to as many people as you can to see how they like to think about companies