Value Scope

JULY 21, 2020

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. First, on December 17th, 2019, SEC Commissioner Hester Peirce went on live television to call for greater oversight of how ESG is used by companies and the investment community. “The Adjustments to Beta can accomplish this.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Musings on Markets

MAY 20, 2022

Historical Data: 1930-2019 To see how this framework works in practice, let's start by looking at the performance of US stocks, across the decades, and look at the returns on stocks, broadly categorized based on market capitalization and price to book ratios.

Price to Book 102

Price to Book Dividends Beta Equity 102

Andrew Stolz

MARCH 20, 2020

This is a Valuation Master Class student essay by Teeradon Piyakiattisuk from March 19, 2019. The cost of equity is related to its beta, which is resulted from a relationship between a stock price and market index. WACC heavily relies on many assumptions such as a firm’s target capital structure and a firm’s beta. Conclusion.

Beta 52

Beta Capital Structure Risk-free Rate Weighted Average Cost of Capital 52

Brian DeChesare

SEPTEMBER 13, 2023

You might wonder if these differences result in better performance for distressed funds, and the best answer is “Kind of.”

Equity 103

Equity Banking EBITDA Start-ups 103

Andrew Stolz

FEBRUARY 4, 2022

In 2019, Terex sold its crane business. The company is highly cyclical reflected in the above-average beta of 1.25x. Terex continued its efforts to reduce its costs and drive its margin closer to the level of its competitors. Therefore, the management considered divestments of inefficient business.

Start-ups 52

Start-ups Net Debt Beta Equity 52

Musings on Markets

NOVEMBER 1, 2023

It was after one of these downturns in 2019, when the stock hit $180 (with a market cap of $32 billion), that I bought Tesla for the first time , albeit labeling it as my corporate teenager, an investment that would frustrate me because it would get in the way of its own potential.

Start-ups 124

Start-ups Marketability Market Capitalization Equity 124

Musings on Markets

JANUARY 5, 2024

Thus, I have treated leases as debt in computing debt ratios all through the decades that I have been computing this statistic, even though accounting rules did not do so until 2019, and capitalized R&D, even though accounting has not made that judgment yet. Beta & Risk 1. Return on Equity 1. Debt Ratios & Fundamentals 1.

Dividends 105

Dividends Risk Premium Equity Book Value 105