Absolute Equity Performance Fund EV/EBITDA
What is the EV/EBITDA of Absolute Equity Performance Fund?
The EV/EBITDA of Absolute Equity Performance Fund Limited is 14.77
What is the definition of EV/EBITDA?
EV/EBITDA is enterprise value divided by earnings before interest, tax, depreciation, and amortization. It is a measure of how expensive a stock is and is more frequently valid for comparisons across companies than the price to earnings ratio. It measures the price (in the form of enterprise value) an investor pays for the benefit of the company’s cash flow (in the form of EBITDA).
= enterprise value / EBITDA
Price to earnings ratios are impacted by a company's choice of capital structure - companies which raise money via debt will have lower P/Es (and therefore look cheaper) than companies that raise an equivalent amount of money by issuing shares, even though the two companies might have equivalent enterprise values. A sample case is when a company with debt were to raise money by issuing shares of stock, and then used the money to pay off the debt, this company's P/E ratio would shoot up because of the increased number of shares - although nothing about the fundamental value of the business has changed. EV / EBITDA is unaffected by capital structure as enterprise value includes the value of debt, and EBITDA is available to all investors (debt and equity) as it excludes interest payments on that debt. It is ideal for analysts and potential investors looking to compare companies within the same industry.
EV/EBITDA of companies in the Finance sector on ASX compared to Absolute Equity Performance Fund
What does Absolute Equity Performance Fund do?
Absolute Equity Performance Fund Limited is an equity mutual fund launched and managed by Bennelong Long Short Equity Management Pty Limited. It invests in the public equity markets of Australia. The fund employs fundamental analysis and uses fundamental research to select securities and generate return. It invests in stocks of companies operating across the diversified sectors. Absolute Equity Performance Fund Limited was founded in November, 2015 and is domiciled in Australia.
Companies with ev/ebitda similar to Absolute Equity Performance Fund
- Armada Hoffler Properties Inc has EV/EBITDA of 14.75
- Badger Daylighting has EV/EBITDA of 14.75
- Pharma Mar SA has EV/EBITDA of 14.75
- YiChang HEC ChangJiang Pharmaceutical Co has EV/EBITDA of 14.76
- Nucleus Software Exports has EV/EBITDA of 14.76
- Shunten International () has EV/EBITDA of 14.76
- Absolute Equity Performance Fund has EV/EBITDA of 14.77
- Simon Property has EV/EBITDA of 14.77
- Idea Cellular has EV/EBITDA of 14.77
- NorthWest Healthcare Properties Real Estate Investment Trust has EV/EBITDA of 14.77
- NEPI Rockcastle plc has EV/EBITDA of 14.78
- Gaming and Leisure Properties Inc has EV/EBITDA of 14.78
- Keli Sensing Technology (Ningbo) Co has EV/EBITDA of 14.79