{"id":42028,"date":"2026-09-20T20:43:04","date_gmt":"2026-09-20T20:43:04","guid":{"rendered":"https:\/\/najafi.capital\/video_post\/why-you-cant-trust-ebitda-multiples-in-ma\/"},"modified":"2026-09-20T20:43:04","modified_gmt":"2026-09-20T20:43:04","slug":"why-you-cant-trust-ebitda-multiples-in-ma","status":"publish","type":"video_post","link":"https:\/\/najafi.capital\/pl\/video_post\/why-you-cant-trust-ebitda-multiples-in-ma\/","title":{"rendered":"Why You Can\u2019t Trust EBITDA Multiples in M&#038;A"},"content":{"rendered":"<p>Would you buy an \u20ac8M factory that appears to trade at 5.7\u00d7 EBITDA?<br \/>\nThis Deal Autopsy rebuilds the investment case from earnings, customers, cash requirements and downside risk before the decision.<\/p>\n<p>In this video, we examine:<br \/>\n\u2022 Why reported EBITDA is not automatically acquired EBITDA<br \/>\n\u2022 How customer concentration and contract rights can change the case<br \/>\n\u2022 Why price is different from all-in cash required<br \/>\n\u2022 How evidence and deal structure allocate uncertain value<\/p>\n<p>CHAPTERS<br \/>\n00:00 The attractive headline<br \/>\n01:03 Rebuild the earnings<br \/>\n02:14 Test the customer relationship<br \/>\n03:27 Calculate the all-in cash requirement<br \/>\n04:46 Evidence before optimism<br \/>\n06:12 Buy, renegotiate, or pass<\/p>\n<p>This is an illustrative investment-analysis case for educational purposes only. It does not constitute investment, legal, tax or financial advice.<\/p>\n<p>#InvestmentAnalysis #DueDiligence #MergersAndAcquisitions<\/p>","protected":false},"excerpt":{"rendered":"<p>A practical look at why headline multiples can mislead, and why normalized earnings, debt, working capital, capital expenditure and customer concentration must be reviewed before relying on a valuation.<\/p>","protected":false},"author":0,"featured_media":0,"template":"","categories":[],"class_list":["post-42028","video_post","type-video_post","status-publish","hentry","pmpro-has-access"],"acf":{"video_url":"https:\/\/www.youtube.com\/watch?v=OV6o880k0Bk","youtube_video_id":"OV6o880k0Bk","video_published_at":"2026-09-20 20:43:04","featured_video":true,"video_thumbnail_url":"https:\/\/i.ytimg.com\/vi\/OV6o880k0Bk\/hqdefault.jpg","video_source":"youtube","video_auto_sync":true},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why You Can\u2019t Trust EBITDA Multiples in M&amp;A - 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