EBIT, EBITDA, FCF 101 and projection
https://corporatefinanceinstitute.com/resources/knowledge/valuation/cash-flow-guide-ebitda-cf-fcf-fcff/
Q1 2021:
Not much from Capital. Small losses on LSTK Resources (last one) and LSTK Infra.
EBITDA Engineering Services: Consensus is 150m; NBF 140m. I am ok with 125m meaning 160m next year with no covid constraints, stimuli programs and inflation on hourly rates (lot of work will inflate hourly rates and profit margins or DLM). NBF projects and EBITDA of 610m this year and 780m next year * 15.78 = 12.3B = 70$/share
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html