Multiples of earnings to price in infrastructure only tell part of valuation

Hedge Funds

Infrastructure valuation is not just about price to earnings

Infrastructure valuations should have greater focus than just multiples of earnings to price, a panel agreed at the Fiducary Investors’ Symposium. Headlines focus on multiples, based largely on the Capital Asset Pricing Model (CAPM), but this can be misleading and a greater focus should be put on cash flow and management, agreed Colin Atkin, executive […]