Mergers and Acquisitions – A beginners guide
(7) Last 12-Month (“LTM”) statistics: In order to see how a firm trades it is customary to calculate LTM Revenues, EBITDA, EBIT, Cashflow and Net Income or EPS (before any extraordinary items). Say, you are spreading comps in September 2001 for a company that has a Jan-Dec financial year. ................
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