Múltiplos - FV/EBITDA
It is the company's value calculated by the total number of shares of the company at the close of 2007, multiplied by the unit value of action over the company's net in the year, adjusted according to distribution of dividends and other transactions.
Multiple
Certainly, at some point in our lives have we come across situations like this:
"My company was sold for 10 times revenue."
This metric value set is popularly used as a reference value for companies in general, but the Stock Market Indicators presents numerous variables that provide the best conditions to determine the value of firms that differ from the multiple value / sales.
But ultimately, what are multiples?
The multiples are simple tools for business valuation as a benchmark widely used in M & A (Mergers and Acquisitions) and have as main objective to delimit the value of companies compared to sector peers.
In other words, the multiples are standardized values of assets so that they can somehow compare companies with each other, thus making market references so there is no over-or under active evaluation in relation to the market. There are several market multiples, among the best known, are: Firm Value / EBITDA, Enterprise Value / EBITDA, Firm Value / Corporate Value and revenue / net income.
Currently, several companies have adopted erroneously or heed as a reference value of the multiple international business. The multiple international conventional present value of companies already mature and, in large part, are already in phase stability, unlike many Brazilian companies, which are young, have high growth rates and, consequently, higher perceptions of value indices that provide more robust than those of international markets.
The reflex can be even more catastrophic in the case of Brazilian small and medium businesses, as they grow at exponential rates.
