7:58
WST: 1.3 Accounting - EBIT & EBITDA Explanation
WST: 1.3 Accounting - EBIT & EBITDA Explanation
Wall St. Training Self-Study Instructor, Hamilton Lin, CFA explains the importance of EBITDA and EBIT as profitability and valuation metrics. EBITDA is perhaps one of the most importance terms, although not an official accounting statement item. When junior professionals ask "why EBITDA", all too often, the reply is "that's just the way it is". We explain the "why" in easy to understand terms and dig into the detail of such important terms. For more information of the video courses previewed here, go to: www.wstselfstudy.com Over 80 hours of online, interactive Self-Study Videos! ***YOUTUBE VISITORS ONLY*** 10% off any online course, use Discount code: youtube www.wstselfstudy.com Wall St. Training Self-Study provides online, video-based, self-study financial modeling training solutions to Wall Street. Our interactive course modules are Excel-based and specialize in advanced and complex financial modeling, valuation modeling, investment banking, mergers & acquisitions and leveraged buyout training topics. Enhance your skills and master the content required by Wall Street investment banks, M&A, research, asset management, credit, and private equity firms.
2:02
Business Plan-What is EBITDA?
Business Plan-What is EBITDA?
Hosted by Mark N. Bass, The Capital MatchPoint, www.capitalmatchpoint.com, 770.433.8250...You know, another financial term that an entrepreneur may hear when they start the capital raising process and start to communicate with our investors that they may not typically hear is a term called EBITDA.And what is EBITDA?Well, EBITDA is really an acronym.It stands for "earnings before interest, taxes, depreciation, and amortization."The second question is usually why is it important?Well, what EBITDA does is it strips away a lot of the structural and non-cash expenses associated with the company.It really allows and investor to make and apples-to-apples comparison of two different companies. The question usually comes up, well aren't interest, amortization, and depreciation all legitimate expenses? Yes, they are, and interest and taxes, those are cash expenses. But at the end of the day, those expenses are more structural than they are operational.So, what our investors try to do when they are trying to get a real sense of the company and the earnings potential is strip away all of those structural expenses and look at the real income generated by the operations.That will allow that to make some really apples-to-apples comparisons against another company they may be considering for investment. A couple of watch-outs regarding EBITDA.It should not be used as an inference of cash flow.That is always a temptation, but it should not be used as an inference of cash flow, because <b>...</b>
11:18
The Enterprise Value to EBITDA Multiple
The Enterprise Value to EBITDA Multiple
Mr. P explains how to find the enterprise value and EBITDA of a company using its financials, and discusses the EV/EBITDA ratio, a common financial valuation metric.
4:41
V4. The EV/EBITDA Ratio
V4. The EV/EBITDA Ratio
In order to address some of the shortcoming of the P/E Ratio - or at a minimum, try to provide additional information, another ratio that is very commonly used used is the EV/EBITDA ratio. Like the P/E ratio, this ratio uses one year of data and tries to establish a relationship between the value of the company and some measure of profitability. In order to adjust for the fact the earnings are influenced by interest cost, tax charges, depreciation and amortization - none of of which is directly linked to the operations of the company, this ratio compares this to the Enterprise Value of the company, which is the Market Capitalization (the market value of the equity (P x number of shares)) plus the net debt (debt - cash). This measure therefore compares a broader measure of the company's value - one which includes net debt which an acquirer would have to assume, and compares it to EBITDA - a measure of the operating earnings of the company, thereby neutralizing the effect of varying interest levels between companies and depreciation policies. The EBITDA measure is not perfect, but clearly one can argue that it 'cleans' the earnings to provide a number that is more reflective of the operating performance of the company. The drawback that it only looks at one year's worth of data remains.
0:30
Business 101 - Startup Capital, Seed Money, EBITDA? by Busey
Business 101 - Startup Capital, Seed Money, EBITDA? by Busey
Go inside the mind of Gary Busey. Here Gary talks about important things for starting a business. See more insights! gotvmail.com
1:27
Gerdau SA EBITDA Up 51%- Global Financial News Minute with Donald Baillargeon
Gerdau SA EBITDA Up 51%- Global Financial News Minute with Donald Baillargeon
EBITDA for Gerdau SA for its twelve months ended March 31st was more than $3 billion, a 51% increase over the year earlier same twelve months. Gerdau has generated seven consecutive quarters of positive EBITDA.
7:31
EBITDA o que é? Para que serve? - Sevilha Contabilidade
EBITDA o que é? Para que serve? - Sevilha Contabilidade
EBITDA o que é? Para que serve? - Sevilha Contabilidade -- Vicente Sevilha Jr. -- abraços para Rodrigo Ricardo A sigla corresponde a "Earning Before Interests, Taxes, Depreciation and Amortization", ou seja, lucro antes dos juros, impostos, depreciação e amortização
5:35
TVS Motor targets 2m sales, 10% EBITDA margin in 2010
TVS Motor targets 2m sales, 10% EBITDA margin in 2010
In an interview with CNBC-TV18, Venu Srinivasan, CMD, TVS Motor spoke about his outlook for the motorbike business in 2010. PART1
1:29
3D Icon Corp. EBITDA Off 96%- Stock Trend News Minute with Donald Baillargeon
3D Icon Corp. EBITDA Off 96%- Stock Trend News Minute with Donald Baillargeon
EBITDA for 3D Icon Corporation for its quarter ended June 30th was negative more than $536000, that was a 96% deterioration over the year earlier same quarter. 3D Icon has generated two consecutive quarters of negative EBITDA. Shares of 3D Icon were recently trading at three tenths of one penny.
7:31
Mah Satyam's EBITDA margins a concern: Sanju Verma
Mah Satyam's EBITDA margins a concern: Sanju Verma
The long wait is over. Mahindra Satyam has restated its accounts for FY09 and FY10. In an interview with CNBC-TV18's Executive Editor Shereen Bhan, Sanju Verma, MD & CEO, Centrum Broking gave her perspective on the numbers and the impending merger between Mahindra Satyam and Tech Mahindra.
1:49
EBITDA valuation multiples
EBITDA valuation multiples
See www.cpd-courses.org for a free CPD course on modelling company valuation
6:16
Mphasis: Focus has been on profitability EBITDA at 18.5%
Mphasis: Focus has been on profitability EBITDA at 18.5%
Mphasis: Focus has been on profitability EBITDA at 18.5%
1:31
EBITDA for Brookfield Asset Management Up 10%- Stock Trend News Minute with Donald Baillargeon
EBITDA for Brookfield Asset Management Up 10%- Stock Trend News Minute with Donald Baillargeon
EBITDA for Brookfield Asset Management, Inc. for its quarter ended March 31st was $944 million, a 10.3% increase over the year earlier same quarter...Brookfield Asset Management has generated twenty-eight consecutive quarters of positive EBITDA. For Brookfield Asset Management's twelve months ended March 31, 2010 EBITDA was $4086000000, compared with $3876000000, a 5.4% increase over the comparable year earlier twelve months.
3:47
See EBITDA margins at 13% in FY11: Sunil Hi-tech
See EBITDA margins at 13% in FY11: Sunil Hi-tech
In an interview with CNBC-TV18, Sunil Gutte, Whole-time Director, Sunil Hi-Tech Engineers Ltd spoke about the order book position, its emergence as balance of plant player,90 and the business plans of the company.
1:31
Canadian Imperial Bank EBITDA Up 19%- Stock Trend News Minute with Donald Baillargeon
Canadian Imperial Bank EBITDA Up 19%- Stock Trend News Minute with Donald Baillargeon
EBITDA for Canadian Imperial Bank of Commerce for its twelve months ended April 30th was $385.8 million a 19.4% increase over the year earlier same twelve months an eight year high. Canadian Imperial Bank of Commerce has generated thirty-nine consecutive quarters of positive EBITDA. Shares of Canadian Imperial Bank of Commerce were recently trading at just under $70.
0:53
Dollar Thrifty Automotive Group Boosts EBITDA Guidance
Dollar Thrifty Automotive Group Boosts EBITDA Guidance
Dollar Thrifty Automotive Group (NYSE:DTG) said that it expects Q2 adjusted earnings before interest, tax, depreciation and amortization in a range of $70 million to $75 million, up from $20.9 million recorded in the year-ago period. The company recorded $5 million in expenses related to its proposed Hertz transaction. Ex-items, adjusted Q2 EBITDA is expected in the range of $75 to $85 million, and fiscal-year adjusted EBITDA is expected in the range of $200 million to $220 million, up from previous guidance of $170 million to $190 million.