但是你知道，当我说35亿EBITDA、35亿EV、明年3.5亿IBBA时，我不会说“嘿，超级深度价值”。所以，我希望你能阐述一下你如何看待这里的估值。
But you know when I say three and a half billion EBITDA 3 and a half billion EV 350 million of next year IBBA I don't say like hey super deep value. So I I'd love to for you to just lay out how you think about the valuation here.
当然。我的意思是你提到了Value X，我知道我们之前谈过。所以我通常尝试从自由现金流收益率和收益率的角度来思考业务，以及这些业务产生的自由现金流收益率，大问题是他们用这些钱做什么，我们当然可以讨论，但对我来说，自由现金流收益率是北极星，我试图弄清楚这家公司是否定价有吸引力。
Sure. So and I mean you mentioned value X and I know we spoke before. So you uh so the way that I'm usually trying to think about the business is a from point of view of the free cash flow yield and the kind of yield and whether the free cash flow yield that these businesses are generating and the big question is what do they do with the money and we we can definitely talk about that but to me the free cash flow yield is the northstar where I'm trying to figure out whether this company is being attractively priced or not.