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. You would calculate the LTM EBITDA as follows: FYE 12/31/00 EBITDA (from 10K) + 6-Month EBITDA for ... ................
................