Actic: De-leveraging to support multiples expansion - SEB - SvD

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3.43x. 1.92x. 1.43x. EV/EBITDA. (12.5)x. (17.4)x.

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2020e. 2021e. Sales. 1. 8.

The company's equity multiplier was therefore 3.74 ($338.5 billion / $90.5 billion), a bit higher than its equity multiplier for 2018, which was 3.41. Now compare Apple to Verizon Communications (VZ).

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its market value of Nov 5, 2020 Equity value is the residual attributable to shareholders after the providers of debt capital are taken into account so equity multiples are  Enterprise Value Multiples are better than Equity Value Multiples because the former allow for direct comparison of different firms, regardless of capital structure . 2021 Curriculum CFA Program Level II Equity Investments Enterprise value multiples, by contrast, relate the total market value of all sources of a company's  Elizabeth was an equity research analyst on both the buyside and sellside EV- to-EBITDA is the ratio of enterprise value to earnings before interest, taxes,  Typically, the multiples are a ratio of some valuation metric (such as equity Market Capitalization or Enterprise Value) to some financial performance metric ( such  An analyst can also use a multiple based on enterprise value for valuing a firm. The enterprise value here refers to the total market value of the whole. earnings to equity investors, Value earnings ratios look at the market value of the firm relative to operating earnings.

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Now compare Apple to Verizon Communications (VZ). EQUITY VALUATION USING MULTIPLES 137 taxes, depreciation, and amortization), and historical accrual-based mea-sures, such as sales, earnings, and book value of equity.

1.43x.
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Defensive assets, defensive region.

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Tenaris Announces 2018 First Quarter Results GlobeNewswire

6.4. 34%. EBITDA. -2.3. -4.7 Equity. 78. 106.

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Enterprise Value and Valuation Multiples (10:24) Learn how Equity Value and Enterprise Value change when a company issues debt, pays off debt, issues equity, and repurchases shares. Equity price based multiples are most relevant where investors acquire minority positions in companies. Care should be used when comparing companies with very different capital structures. Different debt levels will affect equity multiples because of the gearing effect of debt. It is calculated by multiplying a company’s share price by its number of shares outstanding, whereas book value or shareholders’ equity is simply the difference between a company’s assets and liabilities.

The reason for this difference is that buyers typically assign value to a company’s intangible assets, such as company reputation or intellectual property that is not reflected on the balance sheet. Equity value multiples are based on the stock price or the market capitalization of a firm, whereas entity value multiples are based on the enterprise value of a firm. Formally, an equity value multiple , equity λi t of firm i at time t is equity,,, equity i t i t i t p x λ = (2) where , equity pi t is the current market value of common Equity Value, also known as market capitalization, is the sum-total of the values the shareholders have made available for the business and can be calculated by multiplying the market value per share by the total number of shares outstanding. Implied Equity Value is taken as the total number of shares outstanding at the time of the formal announcement of the deal multiplied by the offer price per share. Where the deal is ongoing (i.e. it has not completed, lapsed or been withdrawn), the equity value of the deal is taken as the value at the announcement date.