Enjoyed this read. Really like the opportunity too. Do you think 2%/ €18M share dilution trough SBC is excessive? Do you know if it is adjusted for in the the “Cash Ebitda” metric.
Thanks NS Investments. To be honest I virtually always think SBC is excessive. They add back the SBC expense to Cash EBITDA so you will want to consider this in your valuation.
Enjoyed this read. Really like the opportunity too. Do you think 2%/ €18M share dilution trough SBC is excessive? Do you know if it is adjusted for in the the “Cash Ebitda” metric.
Thanks NS Investments. To be honest I virtually always think SBC is excessive. They add back the SBC expense to Cash EBITDA so you will want to consider this in your valuation.