Andrew Stolz

AUGUST 10, 2020

NOPAT can be calculated through the following formula: EBIT x (1 – tax rate). EBIT is the earnings before interest and tax. To find the ROIC, you divide NOPAT by Invested Capital. NOPAT ÷ Invested Capital. The NOPAT is the net operating profit after tax. ROIC in Practice. Tony wanted to open up a shop that sells shoes.

NOPAT 52

NOPAT EBIT Marketability Business Valuation 52

Benzinga

NOVEMBER 15, 2023

Also Read: Disney Scrutinizing its TV Network Portfolio ValueAct notes that Disney's theme parks and consumer products businesses and their $10 billion in EBIT are alone. ValueAct Capital began buying Disney in 2023 summer during the Hollywood strikes, and it is now one of the largest shareholders, CNBC cites Activist Spotlight.

EBIT 52

EBIT 52

Benzinga

JUNE 15, 2022

However, High Tide needs greater operating leverage , “given the current negative EBIT and FCF pace,” Zuanic said. EV/Sales on our CY23 estimates).

EBIT 52

EBIT Marketability 52

Valutico

NOVEMBER 28, 2022

billion with EBIT margin increasing to 16.6% The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. ABB’s order intake rose 4% to CHF 7.9 billion, the company said in its third-quarter press release. Sales rose 5% to CHF 7.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

billion with EBIT margin increasing to 16.6% The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. ABB’s order intake rose 4% to CHF 7.9 billion, the company said in its third-quarter press release. Sales rose 5% to CHF 7.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

AUGUST 16, 2022

The trading comparables approach confirms this view with the median EV/EBITDA, EV/EBIT and P/E multiples applied to the 2023 forecasts producing a valuation range of USD 600 million to USD 1.1 While the current market capitalisation was USD 1.42 billion.

EBIT 59

EBIT EBITDA Equity Marketability 59

Valutico

SEPTEMBER 19, 2022

A useful tip is to check for consistency between the forecast margins and historical margins—EBITDA margin, EBIT margin, and Net Income margin. Hockey stick-like growth in your DCF projections may indicate these projections are not realistic.

Business Valuation 78

Business Valuation EBIT EBITDA Discounted Cash Flow 78

Equilest

MARCH 17, 2022

In practice, professionals rely on several results, assessed at different levels of the income statement: - the gross operating surplus (EBIT or EBITDA) - net operating surplus (ENE or EBIT) - the Current Result Before Tax (RCAI) - Net Income (NR) - Self-Financing Capacity (CAF) or operating cash flow. EBITDA and EBIT).

Business Valuation 40

Business Valuation EBIT Discounted Cash Flow EBITDA 40

Valutico

OCTOBER 17, 2022

In the fo rmer, we compared Porsche with peers such as BMW, Mercedes-Benz, Ferrari and Ford using thethe EV/EBITDA and the EV/EBIT multiples. We have performed a Trading Comparables analysis and a discounted cash flow using the Flow to Equity Approach. Our result suggests a valuation range of €74 billion to € 96 billion.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Andrew Stolz

JANUARY 13, 2022

EBIT margin is likely to expand significantly through better cost control. We see an EBIT margin around 15% as a maximum for this Ralph Lauren. After the revenue rebound in 22E, we assume revenue growth to normalize. Going forward, we see the revenue growth potential between 3-4%. So, we already have an optimistic bias.

EBIT 52

EBIT Dividends Marketability Business Valuation 52

Andrew Stolz

JANUARY 16, 2022

EBIT margin expansion in 22E probably only short-lived. Going forward, we see the EBIT margin to range between 7-8%. After the revenue rebound in 22E, we assume revenue growth to normalize. Going forward, we see poor revenue growth potential between 2-3%. Long-term share price performance potential. Free cash flow – Kohl’s.

Dividends 52

Dividends EBIT Marketability Business Valuation 52

Valutico

DECEMBER 15, 2022

An example of an enterprise multiple: EV/Sales, EV/EBITDA, EV/EBIT and practically all non-financial multiples (e.g. Note that, because the impact of debt (in the form of interest), falls below EBIT on the P&L, typically any metric below that would be an equity metric and any metric above that would be an enterprise metric.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

An example of an enterprise multiple: EV/Sales, EV/EBITDA, EV/EBIT and practically all non-financial multiples (e.g. Note that, because the impact of debt (in the form of interest), falls below EBIT on the P&L, typically any metric below that would be an equity metric and any metric above that would be an enterprise metric.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Andrew Stolz

JANUARY 12, 2022

If it can maintain a 6-7% EBIT margin it changes the market’s assessment of the company. If it can maintain a 6-7% EBIT margin, then this could be a catalyst for share price performance. Mainly from fierce price competition, higher labor costs and the recent chip shortage. Reducing reliance on global supply chains. P&L – Hyundai.

EBIT 52

EBIT Price to Book Book Value Liquidation Value 52

Valutico

JUNE 26, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 27.1 billion using a WACC of 11.7%. The Trading Comparables analysis resulted in a valuation range of USD 27.1 billion to USD 35.4 Earthstone Energy, Inc. and Northern Oil and Gas, Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

FEBRUARY 8, 2023

The Trading Comparables analysis resulted in a valuation range of $257 billion to $296 billion by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Flow-to-Equity analysis produced a value of $308 billion using a Cost of Equity of 9.2%.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Valutico

DECEMBER 6, 2022

The Trading Comparables analysis resulted in a valuation range of $81 to $158 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $99.5 billion using a WACC of 9.7%. For our Trading Comparables we selected similar peers such as SAP and Microsoft.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

DECEMBER 6, 2022

The Trading Comparables analysis resulted in a valuation range of $81 to $158 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $99.5 billion using a WACC of 9.7%. For our Trading Comparables we selected similar peers such as SAP and Microsoft.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Reynolds Holding

JUNE 13, 2022

To double-check for this possibility, we test for the difference in the change in the ratio of earnings before interest and taxes (EBIT) to total assets from pre- to post-quota between firms regulated and not regulated by the quota law, covering the period 2001-2013.

Firm Value 45

Firm Value EBIT Marketability Compliance 45

Valutico

JUNE 9, 2023

billion to USD 108 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 212 billion using a WACC of 6.8%. The Trading Comparables analysis resulted in a valuation range of USD 57.2 Scandinavian Tobacco Group A/S and Vector Group Ltd.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JUNE 1, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 28.09 billion using a WACC of 11.3%. The Trading Comparables analysis resulted in a valuation range of USD 43.08 billion to USD 71.14 Hyatt Hotels Corporation and InterContinental Hotels Group PLC.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

MAY 24, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 21.8 billion using a WACC of 10%. The Trading Comparables analysis resulted in a valuation range of USD 15.5 billion to USD 32.3 Energy Transfer L.P. and Plains All American Pipeline, L.P.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Capital Structure 52

Valutico

APRIL 24, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 75.3 billion using a WACC of 6.3%. The Trading Comparables analysis resulted in a valuation range of USD 45.7 billion to USD 74.5 The Simply Good Foods Company and Campbell Soup Company.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA Net Debt EBIT 52

Valutico

APRIL 24, 2023

billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 75.3 billion using a WACC of 6.3%. The Trading Comparables analysis resulted in a valuation range of USD 45.7 billion to USD 74.5 The Simply Good Foods Company and Campbell Soup Company.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA Net Debt EBIT 52

Valutico

MARCH 9, 2023

The Trading Comparables analysis resulted in a valuation range of €305 billion to €492 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of €330 billion using a WACC of 9.3%.

Discounted Cash Flow 52

Discounted Cash Flow Marketability EBIT Market Capitalization 52

Valutico

FEBRUARY 21, 2023

The Trading Comparables analysis resulted in a valuation range of $1,517 billion to $2,344 billion by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $1,373 billion using a WACC of 9.9%.

Discounted Cash Flow 52

Discounted Cash Flow Technology EBIT Market Capitalization 52

Valutico

FEBRUARY 1, 2023

The Trading Comparables analysis resulted in a valuation range of $121 billion to $150 billion by applying the observed trading multiples EV/EBITDA and EV/EBIT. The DCF analysis produced a value of $93.5 billion using a WACC of 8.8%. For our Trading Comparables we selected similar peers such as Airbus, Lockheed Martin and General Dynamics.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JANUARY 9, 2023

The Trading Comparables analysis resulted in a valuation range of $83 billion to $118 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $68.6 billion using a WACC of 8%. . For our Trading Comparables we selected similar peers such as McDonald’s, Yum!

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

NOVEMBER 21, 2022

The Trading Comparables analysis resulted in a valuation range of $202 billion to $231 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $230 billion, with a WACC of 8.8%. .

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JANUARY 9, 2023

The Trading Comparables analysis resulted in a valuation range of $83 billion to $118 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $68.6 billion using a WACC of 8%. . For our Trading Comparables we selected similar peers such as McDonald’s, Yum!

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

NOVEMBER 21, 2022

The Trading Comparables analysis resulted in a valuation range of $202 billion to $231 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of $230 billion, with a WACC of 8.8%. .

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JULY 25, 2023

The Trading Comparables analysis resulted in a valuation range of USD 503 billion to USD 812 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a valuation range of USD 370 billion to USD 493 billion using a WACC of 12.9%. Microsoft Corporation.

Discounted Cash Flow 10

Discounted Cash Flow EBIT Start-ups EBITDA 10

Valutico

JUNE 15, 2023

The Trading Comparables analysis resulted in a valuation range of USD 60 billion to USD 277 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 267 billion using a WACC of 13.6%. and Cisco Systems, Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

MAY 18, 2023

The Trading Comparables analysis resulted in a valuation range of USD 106 billion to USD 235 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The Discounted Cash Flow analysis produced a value of USD 222 billion using a WACC of 6.4%. and Alphabet Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Dividends EBITDA 52

Valutico

MARCH 1, 2023

The Trading Comparables analysis resulted in a valuation range of GBP 98 (USD 199) billion to GBP 137 (USD 166) billion by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B. For our Trading Comparables we selected similar peers such as Total Energies, Shell, Chevron and Saudi Arabien Oil Company.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Valutico

JANUARY 5, 2023

billion to HKD 3,905 (USD 501) billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Trading Comparables analysis resulted in a valuation range of HKD 1,752 (USD 221.5) For our Trading Comparables we selected similar peers such as Alibaba, NetEase and Meta Platforms. billion to HKD 3,905 (USD 501) billion.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Technology 52

Valutico

NOVEMBER 7, 2022

We came up with this valuation range by using the observed trading multiples EV/EBITDA, EV/EBIT and P/E of peers such as Nike and Puma. . The Trading Comparable analysis shows a completely different picture for the valuation of Adidas, as it suggests a value between €15.6 billion and €26.2 billion to €44.9

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52