It depends on what you're doing it for - sometimes CapIQ is acceptable, as numi says. screaming and crying.įrom certified user guys I should note: you may not have to actually do all of the above.

usually 5-10, but can be more depending on how sadistic the senior bankers are.įrom certified user a lot of pain. Repeat the above for each company in the comp set. Look up the revenue and EBITDA from report and enter them.Ħ) Make sure everything ties out and get your multiples. This is the fun part of the process.ĥ) Enter projections from equity research analyst. comb the footnotes of the filing for one-time and unusual charges like lawsuits, settlements, etc.

To find EBITDA, start with Operating Income and add back the Depreciation & Amortization on the cash flow statement as well as any one-time charges. I keep reading that SA's will mainly be 'spreading comps'.probably a naive question but I was wondering what this entails.thanks! Spreading compsįrom certified user comps in 6 easy steps:ġ) Look up the company's filings (10-k and 10-q) on Capital IQ.Ģ) Pull equity research on the company from whatever sources you use.ģ) Enter the company's cash, debt, share count (and options table if you want to be precise to get the diluted count) from the latest filing.Ĥ) Enter the company's trailing-twelve-months revenue and EBITDA (and probably more metrics depending on industry but let's just keep this general for now) by:Ī) Entering revenue from latest 10-Q and 10-K and then subtracting revenue from 10-Q a year ago.ī) Entering EBITDA from latest 10-Q and 10-K and then subtracting EBITDA from 10-Q a year ago.

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