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Understanding EBITDA: A Key Financial Metric
Michael Stafferton
Duration: 60 Minutes
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Unlimited Viewing Recorded Version for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
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Toll free: 1-800-385-1607
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Overview:
EBITDA is a key metric of a corporate’s performance. This course explains what it is, how it is used (and where it cannot be used) and its limitations.
Why you should Attend:
Understanding EBITDA is fundamental to analyzing Corporate performance and therefore Valuation and Credit.
Areas Covered in the Session:
- What we want to know about a Corporate: how much net cash is it generating?
- Why don’t we just use Profit?
- Why strip out Interest?
- Why strip out Tax?
- Why strip out Depreciation (of tangible assets) and Amortization (of intangible assets)?
- Using EBITDA: multiples benchmark
- EBITDA variations: Adjusted, Proforma
- What does EBITDA miss?
Who Will Benefit:
- All
Speaker Profile
Michael Stafferton has over twenty years’ experience of training and consulting with clients on a range of technical financial areas, based on his previous front-office market experience in derivatives and fixed income, arranging and executing transactions for governments, banks and corporates. Bank Regulation and Risk Management is a particular area of focus, together with other Capital Markets related areas, including in particular Securitisation. He invests a considerable amount of time keeping up with developments in the financial world, including crypto and stablecoins. His client-list comprises primarily central banks, investment banks, commercial banks, fund managers and insurers globally. He is an Associate with Moody’s Analytics.