The EBITDA associated with a company aims to capture the performance of its core operations. The idea is that by ignoring expenses such as taxes, interest, depreciation and amortization, it takes away all the costs not directly related to running the business.
EBITDAs can be helpful when comparing two companies—in a sense, it compares the ability of a company’s managers to make money when debt structure and so on are identical.
EBITDA is often used as a valuation measure in mergers and acquisitions, especially when small businesses or middle market companies are involved. Mergers are when two or more companies combine to form one entity. An acquisition is when a company buys another one.
Of course, though, it’s not possible to isolate out factors like debt. Excess debt and interest costs can be very negative to a company’s earnings and cash flow, and investors need to be aware of that—and factor it into their investment decisions.
Because its limitations, EBITDA is not compatible with the rules of generally accepted accounting principles.
In terms of financial performance, we recommend looking beyond EBITDA for stocks with a long-term record of dividends, a long-term record of profit, an attractive balance sheet, industry prominence or dominance, and the ability to serve all shareholders.
At TSI Network, we recommend using our three-part Successful Investor philosophy:
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TC Energy, a prominent North American energy infrastructure company stands out as a strong buy for 2025 due to its strategic restructuring and robust financial outlook. The recent spinoff of its oil pipeline business has delivered a focus on core natural gas infrastructure and power… Read More
THOMSON REUTERS CORP., $223.89, Toronto symbol TRI, is a buy.
The company sells specialized information and software to the legal, tax and accounting fields. It also owns the Reuters news service.
Thomson last increased your quarterly dividend by 10.2% with the March 2024 payment. Investors now receive… Read More
A: Aura Minerals Inc., $16.35, symbol ORA on Toronto (Shares outstanding: 72.3 million; Market cap: $1.2 billion; www.auraminerals.com), is a mid-tier gold and copper company.
Aura has four operating mines.
The first is the Aranzazu copper-gold-silver mine in Mexico. It produced 106,118 ounces of gold equivalent in… Read More
CAE INC., $35.19, Toronto symbol CAE, is still a buy for long-term gains.
The company is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools in over 40 countries.
Activist investment firm Browning West LP recently disclosed that it now… Read More
TORONTO-DOMINION BANK, $75.87, Toronto symbol TD, remains a buy for patient, income-seeking investors.
With the January 2025 payment, TD will raise your quarterly dividend by 2.9%. Investors will then receive $1.05 a share instead of $1.02. The new annual rate of $4.20 yields a solid 5.5%.
The bank… Read More
On October 1, 2024, TC Energy completed the spinoff of its oil pipeline business as separate company South Bow. Investors received 0.2 of a South Bow share for every TC share they held.
TC recommends that shareholders allocate 91% of their adjusted cost base to their… Read More
TORONTO-DOMINION BANK, $73.51, Toronto symbol TD, remains a buy for patient, income-seeking investors.
The bank recently settled charges over lapses in the anti-money laundering processes at its U.S. retail banking operations. As a result, it paid a fine of $3.09 billion U.S.
The settlement also imposed an… Read More
This industrial transformation story offers compelling value as the company completes its pivot from pipeline coatings to higher-margin plastics and electrical products. With $265M in recent divestitures strengthening its balance sheet, Mattr is well-positioned to execute its growth strategy.
A $150m modernization plan includes two new… Read More
TC ENERGY INC., $68.26, Toronto symbol TRP, is a buy.
On October 1, 2024, TC completed the spinoff of its oil pipeline business as separate company South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held. They will… Read More
TC ENERGY INC., $69.65, Toronto symbol TRP, is a buy.
On October 1, 2024, the company completed the spinoff of its oil pipeline business as separate company South Bow Corp. (see below). Investors received 0.2 of a South Bow share for every TC share they held… Read More
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The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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