Oceňování 2022, 15(1):17-33 | DOI: 10.18267/j.ocenovani.272

EBITDA - How to deal with?

Markéta Pláničková¹, Lucie Jahodová²

¹ Ing. Markéta Pláničková, Ph.D., Katedra financí a oceňování podniku, Fakulta financí a oceňování podniku, Vysoká škola ekonomická v Praze

² Ing. Lucie Jahodová, Ph.D., Katedra financí a oceňování podniku, Fakulta financí a oceňování podniku, Vysoká škola ekonomická v Praze

This article looks at EBITDA as one of the key indicators in corporate finance and focuses on the differences in the methods of calculating EBITDA by different user groups. First, it is defined by financial theory and described from the perspective of Czech and especially international financial reporting standards (IFRS). Furthermore, the method of EBITDA calculation is shown from the point of view of banks and leasing companies, European and state funds, companies, investors, M&A advisors and experts. Subsequently, an empirical study is performed on Czech companies, which analyzes the impact of various methods of calculating this indicator on its amount.

Keywords: EBITDA; Depreciation; Amortization

Grants and funding:

Článek je zpracován jako jeden z výstupů výzkumného projektu Fakulty financí a účetnictví VŠE Praha, který je realizován v rámci institucionální podpory VŠE IP100040.

JEL classification: G30

Published: May 12, 2022  Show citation