Zusammenfassung der Ressource
Comparables Analysis
- Select comparables
Anmerkungen:
- In-depth study the targets
- Business Profile
- Sector
- Products and Services
- Customers and end market
- Distribution Channels
- Geography
- Financial Profile
- Locate financial information
- SEC Filings
- 10-K
Anmerkungen:
- 10-Q
Anmerkungen:
- 8-K
Anmerkungen:
- current report, report the occurrence of material corporate event/ triggering event
- Proxy Statement
Anmerkungen:
- material sent to shareholder prior to shareholder meeting/ informing matters that will be discuss in the meeting.
- Equity search
- Research Report
Anmerkungen:
- Provide estimate of future performance and forward looking multiples.
- Consensus Research Estimate
- Press Release and News
- Spread key statistics, ratios, and trading multiples
- Size
- Equity value = fully diluted shares x price
- How to calculate fully diluted shares
- Treasury Stock Method assumptions
Anmerkungen:
- assumes that all tranches of in-the-money options and warrants are exercised at their weighted average strike price with the resulting option proceeds used to repurchase outstanding shares of stock at the company's current share price.
- Key Financial Data
- Sales
- Gross Profit
- EBITDA
- EBIT
- Net Income
- Profitability
- Gross Profit Margin = (sales - COGS)/ sales
- EBITDA margin = (EBITDA/sales)
- EBIT margin = (EBIT/sales)
- Net Income margin
- Growth Profile
- Credit Profile
- Credit Rating
- LTM
- Scrubbing/ sanitizing = adjust for non-recurring items
- Adjust for recent events
- Calculating multiple
- Equity Value Multipples
- Enterprise Value multiples
- Benchmark the comparables
- Determine the valuation