Monday, March 21, 2011
Tuesday, March 8, 2011
EV/EBITDA Multiples for Indian Companies
The chart below shows that 50% of the companies in India trade in a EV/EBITDA multiple of 2-8 times. This graph compares with the Graph of US equities. Almost similar graphs
The graph for Indian equities
The graph for US equities
The maximum no of companies are in the 4-6 EV/EBITDA range and no doubt most of my portfolio falls in that range. I would normally expect the no of companies to decrease as the multiple increases, which happens except for one place where the no of companies rises unexpectedly i.e. 12-16 multiple range both for the US markets and the Indian Markets. I tried looking at the companies which fall in this range, but they did not belong to a particular sector. Any help in understanding this would be greatly appreciated
Sunday, March 6, 2011
Interesting articles
Spiders - A business Risk :)
Bank locker room also a make-up room - SBI
The pain Continues - Punj Lloyd lowers order backlog by 23%
A new insight into China's exchange rate
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