Asset deal performance | support.carta.com

Performance

Asset Performance can be viewed on the Assets page. It provides a visual representation of key financial metrics for a company or asset over a specific period.

The metrics included are net debt, total enterprise value, EBIT, EBITDA, and net revenue. The chart helps identify trends, assess profitability, evaluate the impact of debt, and monitor overall revenue growth.

You can select each metric from the filter buttons to manipulate and customize the data displayed on the chart.

IRR and MOIC are also available to view as timeseries.

The chart provides valuable insights into the performance and profitability of assets, helping to evaluate investment opportunities, compare alternative investments, and measure the success of the investments.

You can turn on the toggle to either show IRR or MOIC.

Operating metrics

The Asset Operating Metrics table can be viewed on the Assets page. The visual provides information on an asset's financial health and how valuation multiples have changed from deal entry to exit (or current period).

There are two options available to the user:

• Comparison periods: As well as entry to exit, a user can view a comparison over key reporting periods – Quarter, Year to date, and Last twelve months.
• Pull data forward: Where valuation metrics are not available for the latest reporting period, this option enables the user to pull forward the latest published data in order to form a more complete picture of the analysis.

The Asset Value Bridge can be viewed on the Assets page. This visual displays the contributing factors to the change in value of a deal since entry to aid in understanding how the value of a company is being created.

The key metrics for this analysis are company operating metrics, which are extracted from fund performance reports. The categories Accelex have included, and the calculations, are as follows:

• Entry equity = The total enterprise value (TEV) of the company at entry.
• EBITDA growth = Average valuation multiple x change in EBITDA.
• Debt Paydown = Change in net debt.
• Multiple expansion = Change in valuation multiple x average EBITDA.
• Current equity = The current TEV of the company / TEV when the deal was exited.
• Other = It’s possible that some operating metrics will not be published and therefore not all the above categories can be calculated. The “Other” category is the residual.

You can switch between two views within this chart:

• Multiple: The chart shows the y-axis as multiples of the entry equity (the entry equity will have a value of 1.0x).
• Absolute: The chart shows the y-axis as a raw number view.