Andrew Stolz

FEBRUARY 4, 2022

Terex Corporation’s revenue breakdown 2020. The US gov’t has increased its spending by over 50% in 2020 and 2021 compared to previous years. The company is likely to turnaround its loss in 2020 and recognize strong profits in 21E and 22E. The company is highly cyclical reflected in the above-average beta of 1.25x.

Start-ups 52

Start-ups Net Debt Beta Equity 52

Musings on Markets

FEBRUARY 16, 2024

I confess that the line between whether nature or man is to blame for some catastrophes is a gray one and to illustrate, consider the COVID crisis in 2020. Investors will either see more relative risk (or beta) in these companies, if the risks affect an entire sector, or in equity risk premiums, if they are market-wide.

Risk Premium 74

Risk Premium Start-ups Beta Marketability 74

Cooley M&A

OCTOBER 24, 2024

J&J was attempting to develop its own surgical robot – Verb – but the development was plagued by problems in the design process and was significantly behind schedule for a publicly announced 2020 launch date. J&J became interested in Auris’ Monarch technology and invested in Auris’ Series D financing.

Beta 52

Beta Alpha Marketability Technology 52

Musings on Markets

JULY 22, 2021

Revenues did drop in 2020, as COVID restrictions put a crimp on the restaurant business, but the quarterly data suggests that business is coming back. That number was 23.13% in FY 2020, but dropped to 21.03% in FY 2021, as shut downs put a crimp on business.

Marketability 89

Marketability Start-ups Equity Price to Book 89

Global Finance

SEPTEMBER 5, 2024

Released in late 2020 by the Banco Central Do Brasil, Pix has been lauded for its convenience and the financial services it provides to Brazil’s significant unbanked and underbanked populations. Statista reports that more than 9% of Brazil’s adult population remains unbanked.)

Banking 52

Banking Finance Technology Start-ups 52

Musings on Markets

JANUARY 12, 2021

Thus, you and I can disagree about whether beta is a good measure of risk, but not on the principle that no matter what definition of risk you ultimately choose, riskier investments need higher hurdles than safer investments.

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

NOVEMBER 1, 2023

While an autopilot feature is packaged as a standard feature with Teslas, it offers FSD software, which is still in beta version , offers an enhanced autopilot model, albeit at a price of $12,000.

Start-ups 116

Start-ups Marketability Market Capitalization Equity 116

Appraiser Newsroom

JUNE 4, 2024

He is member of the Beta Gamma Sigma Honor Society, Financial Executives International, and the National Association of Corporate Directors (NACD). Dr. Everett also has an M&A Advisory and business valuation practice. He was a on the Board of Trustees of the International Valuation Standards Council finishing his second term in 2023.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Finance 59

Benzinga

JULY 26, 2022

The efficiency ratio in the low sixties reflects the team's focus on expense management and benefited from an improving net interest margin bolstered by deposit betas better than what we model. There were $1.5 As borrowers have resumed regular principal and interest loan payments, modified loan balances decreased to $4.7

Banking 40

Banking Dividends Marketability Equity 40

Musings on Markets

JANUARY 31, 2024

Before the sector gets targeted as being excessively profitable, it is also one that is subject to volatility, caused by swings in oil prices; in 2020, the sector was the worst performing on profitability, as oil prices plummeted that year. Does profitability vary across the globe?

Equity 78

Equity Book Value Start-ups Corporate Finance 78

Musings on Markets

FEBRUARY 27, 2023

While accountants, CFOs and bankers are fond of the book value measure, almost everything in corporate finance revolves around market value weights, including the debt to equity ratios we use to adjust betas and costs of equity and the debt to capital ratios used in computing the cost of capital.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

JANUARY 5, 2024

Beta & Risk 1. That said, there are some of you who are not doing your analysis in real time, either because you are in the appraisal business and must value your company as of the start of 2020 or 2021, or a researcher looking at changes over time. Return on Equity 1. Debt Ratios & Fundamentals 1. Debt Details 1. Buybacks 2.

Dividends 100

Dividends Risk Premium Equity Book Value 100

Musings on Markets

FEBRUARY 10, 2021

I know that many of you are not fans of modern portfolio theory or betas, but ultimately, there is no way around the requirement that you need to measure how risky a business, relative to other businesses. (More on that issue in a future data update post.) Cost of equity in US $ for German project = 1% + 1.1

Risk-free Rate 52

Risk-free Rate Risk Premium Start-ups Equity 52

Musings on Markets

OCTOBER 25, 2021

Elections and Infrastructure Legislation To understand why the billionaire tax proposal has become one of the center pieces of the revenue side of the infrastructure bill, we have to retrace the path taken during the 2020 presidential election. of income tax payers from any proposed tax increase.

Start-ups 98

Start-ups Marketability Appraisal Beta 98

Reynolds Holding

JULY 23, 2023

The new Merger Guidelines would replace prior pronouncements of antitrust policy from the FTC and DOJ, including the 2010 Horizontal Merger Guidelines and the 2020 Vertical Merger Guidelines. They add the same structural presumption for transactions where the combined share exceeds 30%.

Marketability 40

Marketability Beta Alpha 40

FE International

MARCH 14, 2018

For both paid and shared AMIs, developers must meet the following criteria : Sell publicly available, full-feature production-ready software (not a beta product). This trend is expected to continue with one study predicting that 83% of enterprise workloads will be in the cloud by 2020. billion of that—a one year increase of 35%.

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52

Value Scope

SEPTEMBER 24, 2020

The second inflection point was triggered by the “Fundamental Reshaping of Finance” open letter to CEOs on January 14, 2020, by BlackRock Chairman and Chief Executive Officer Larry Fink. “In Adjustments to Beta can accomplish this. The re-levered Beta for the private company we were valuing was 0.56. In July 2020, the U.S.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130