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工作学习 / 事业工作 / 请教做finance的同学 re M&A
Company A has $1B in revenue.
Company B has $0.5B in revenue.
A purchased B.
Does Company A revenue become $1.5B or 50% increase vs a year ago? If yes, the analysis is pretty misleading.
-babytobeast(小布);
2023-11-9
{212}
(#15762860@0)
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不然该怎么比较？没法区分啊。
-897102(净坛使者);
2023-11-9
(#15762869@0)
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我一直以为是apple to apple, 就是把2家公司合并前的financials也加在一起。看来我把读研的东东忘了。
-babytobeast(小布);
2023-11-9
(#15762874@0)
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Yes. Most companies will provide non-gaap comparison for major transaction. ie. without the impact of the transaction net income (or net income per share) is X.
-jeffrey815(Smartiecat);
2023-11-9
(#15762879@0)
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there is a term called Organic Growth to avoid the misleading growth rate caused by M&A.
-ystang(ystang);
2023-11-9
(#15762883@0)
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不一定，如果b是a的供应商，那么M&A之后revenue 不会增加，但synergy可能增加销售或者降低成本从而增加profit
-pastrychef(闪电);
2023-11-9
(#15762896@0)