2nd Quarter 2023

Furniture Sector Market Update

Furniture Resized
Capital Advisors

The median quarterly middle market public company revenue and EBITDA multiples peaked in March 2021. Since then, the revenue and EBITDA multiples have been declining. As a result, EBITDA multiples have declined 9% over the last 12 months. However, since the beginning of 2023, EBITDA multiples have hovered around 8.0x. With rising rates and inflation, it is not surprising that there is a contraction in multiples. We also believe that multiples are projecting lower earnings going forward. If earnings continue to remain strong, we anticipate a reversal of this decline. That said, if the economy does fall into a recession and earnings suffer, then this trend should continue.

Read the Full Report

Additional Reading

Allow us to introduce ourselves

Contact us today and we will be happy to provide more information about Addicus and schedule an introductory meeting.

Contact us