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Questions

Which valuation method uses the EV/EBITDA ratio to estimate a company's value?

DCF method
Comparable transactions method
Comparable listed company multiples method
Adjusted net asset value

Which financial valuation method calculates enterprise value as the sum of future cash flows discounted at the weighted average cost of capital (WACC)?

Comparable listed company multiples method
Comparable transactions method
DCF method
Adjusted net asset value

What ownership threshold triggers the obligation to file a public offer for the entire share capital under the AMF General Regulation?

5%
10%
25%
30%

Under the Code de commerce, which article defines a merger as the transaction by which one or more companies transfer their assets to an existing or new company?

L236-1
L236-18
L236-24
L236-53

Legal definition of a merger (Code de commerce)

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DCF method
Comparable listed company multiples method
Comparable transactions method
Adjusted net asset value
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Methods based on future cash flows

Methods based on comparisons

Methods based on assets

A partial asset contribution may be voluntarily subject to the demerger regime under article L236-24 of the Code de commerce, recently reformed by ordonnance n°2023-393.

True
False

A demerger consists of transferring a company's assets to several beneficiary companies, existing or new, with joint and several liability of the latter under article L236-19-1 of the Code de commerce.

True
False