RE:RE:RE:RE:Adapth trade a 6 times ebitda less CapexISFCA wrote "Also, flawed comparison because Apria and Adapthealth define patient equipment capex differently". Apria
Adjusted EBITDA less Patient Equipment Capex = Adjusted EBITDA less purchases of patient equipment net of dispositions (“Patient Equipment Capex”).
Ok....Quipt EBITDA $21 mil - $8 mil Equipt rental capex less disposals = 13mil.
Current Market Cap of Quipt 239/13= 18 times...
Still over valued...according to Crawford multiples....
10 (Apria multiple) x $13 = $130 million.
Quipt is unprofitable and his zero FCF.
ISFCA you have been schooled.