Guys,
A short one,
In my model I have come up with the EV based on discounted FCFs from 2015 to 2019. In order to calculate the EV/EBITDA multiple, I'm using the EBITDA for 2015E to the EV discounted.
I recently read a post that I should use the 2014A EBITDA in order to calculate EV/EBITDA, this makes me unsure about which one to use. Anyone?
/ Jakob
