Musings on Markets

OCTOBER 12, 2023

On the alternative energy front, as money has flowed into these companies, there has been a surge in enterprise value (equity and net debt) and market capitalization (equity value); I report both because impact investing can also take the form of green bonds, or debt, at these companies.

Market Capitalization 112

Market Capitalization Enterprise Value Start-ups Marketability 112

Musings on Markets

SEPTEMBER 1, 2021

In the graph below, I plot the market capitalization of Chinese listed companies, in dollar terms, and as a percent of market capitalization of all global companies: World Bank Database Chinese equities have risen from a negligible share of global market capitalization, in 2000, to more than 10% of global market capitalization, in 2020.

Market Capitalization 98

Market Capitalization Marketability Start-ups Technology 98

Musings on Markets

NOVEMBER 9, 2021

My two most recent valuations were in June 2019 and January 2020, and I am going to go back to them, not just because they are recent, but because they led to investment decisions on my part. Between June 2019 and January 2020, the stock went on a tear, as the stock price more than tripled, and I revisited my Tesla valuation.

Start-ups 101

Start-ups Dividends Marketability Market Capitalization 101

Reynolds Holding

MAY 22, 2022

Pill Trigger Thresholds Should Be Assessed Against Market Capitalization. The absence of an inverse correlation between market capitalization and trigger threshold is peculiar; in today’s world, what is relevant is the dollar stake an activist can acquire, not the threshold percentage. 5 billion market capitalization).

Market Capitalization 75

Market Capitalization Marketability Equity 75

Value Scope

DECEMBER 1, 2023

It’s current market capitalization is approximately $15 billion. The $2 billion Allegiant Stadium opened in 2020 as the home of the NFL’s Raiders franchise and will host Super Bowl LVIII in February 2024. It operates as subsidiary of Liberty under the Nasdaq ticker FWON.K. The subsidiary reports $2.8

Start-ups 130

Start-ups EBITDA Business Valuation Market Capitalization 130

Reynolds Holding

AUGUST 15, 2022

Announced shareholder activist activity increased relative to 2020. Suchlevels of activism are comparable to those found prior to the market disruption caused by the COVID-19 pandemic, as reflected in public activist actions in 2019 (76 vs. 75), activist investors taking actions (48 vs. 49), and companies targeted by such actions (69 vs. 64).

Market Capitalization 59

Market Capitalization Equity Marketability Technology 59

Musings on Markets

JULY 17, 2023

To the extent that some of that risk capital is coming back into the markets, equity markets have benefited, with benefits skewing more towards the companies and markets that were punished the most in 2022. trillion) to market capitalizations, regaining almost half of the value lost in last year's rout.

Marketability 98

Marketability Risk Premium Start-ups Treasury 98

Valutico

MARCH 9, 2023

With a market capitalization of €395 billion, it is the most valuable company in Europe. After reaching new highs in early 2020 of €420 per share, the share price fell due to economic conditions and Covid-19. Since trading at €320 in mid 2020, the share price has more than doubled to its current level of €780 per share.

Discounted Cash Flow 52

Discounted Cash Flow Marketability EBIT Market Capitalization 52

Valutico

NOVEMBER 28, 2022

The company already paid over CHF 100 million in settlement in this matter in 2020. . The IPO of ABB’s E-Mobility division was planned for mid-2022 but has been delayed due to unfavorable market conditions. ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

The company already paid over CHF 100 million in settlement in this matter in 2020. . The IPO of ABB’s E-Mobility division was planned for mid-2022 but has been delayed due to unfavorable market conditions. ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Musings on Markets

OCTOBER 6, 2023

A more tangible way to see why intangibles have become a hot topic of discussion is to look at the evolution of the top ten companies in the world, in market capitalization, over time: In 1980, IBM was the largest market cap company in the world, but eight of the top ten companies were oil or manufacturing companies.

Intangible Assets 126

Intangible Assets Book Value Equity Start-ups 126

Valutico

JANUARY 17, 2023

The company has a leading position in the Southeast Asian market with their e-commerce platform Shoppee and their gaming offers by Garena. Sea currently has a market capitalization of $29.8 After a breathtaking performance for one and a half years starting in 2020, the company suffered a dismal few months. Disclaimer.

Discounted Cash Flow 52

Discounted Cash Flow Market Capitalization Equity Start-ups 52

Valutico

DECEMBER 6, 2022

billion acquisition of Slack in 2020. The current price of $133 represents a market capitalization of $145 billion. In comparison to Salesforce’s market capitalization of $145 billion we suggest that the company is fairly valued. . He played a major role in the $27.1 Salesforce announced total revenue of $7.8

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

DECEMBER 6, 2022

billion acquisition of Slack in 2020. The current price of $133 represents a market capitalization of $145 billion. In comparison to Salesforce’s market capitalization of $145 billion we suggest that the company is fairly valued. . He played a major role in the $27.1 Salesforce announced total revenue of $7.8

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

AUGUST 4, 2022

Microsoft posted its slowest revenue growth since 2020 in the quarter ended 30 June, at 12% year-on-year, and earnings per share were below consensus for the first time since 2016, with net income rising 2% to $16.74 We arrived at a result that is well below the market capitalization of about USD 2.02 Revenue: $51.87 trillion.

Market Capitalization 52

Market Capitalization Marketability 52

Valutico

DECEMBER 4, 2023

What’s happening with the company Netflix has just experienced its largest rise of new subscribers since the COVID-19 lockdowns in 2020. Stock Market Implications In the recent past, most notably in 2020 and 2021, Netflix experienced considerable growth in the stock market. Last quarter, Netflix managed to add 8.8

Discounted Cash Flow 52

Discounted Cash Flow EBIT Start-ups EBITDA 52

Valutico

MARCH 28, 2023

Share Price Performance Between February 2018 and February 2020, UBS saw a decline of over 35% in its share price due to weaker profits, which worsened during the pandemic. UBS’s share value rose in the second half of 2020, and by November 2020, it had recovered its pre-pandemic value. The company repurchased USD 5.6

Banking 52

Banking Dividends Equity Marketability 52

Valutico

MAY 24, 2023

’s share price witnessed growth leading up to 2020, bolstered by its solid financial performance and stable business model. However, the COVID-19 pandemic in 2020 negatively impacted global energy demand and consequently Oneok’s earnings and share price. In comparison to Oneok market capitalization of USD 25.9

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Capital Structure 52

Equidam

NOVEMBER 22, 2021

As a result, the next question we need to examine is: Why did 2020 bring us the worst economic collapse since the Great Depression, yet the fastest venture market rebound ever? For decades, the technology sector’s part of global GDP has been gradually increasing, as has its share of world market capitalization.

EBITDA 52

EBITDA Specific Risk Technology Marketability 52

Valutico

OCTOBER 17, 2022

This led to a market cap of €78 billion after the IPO, which is higher than the current market capitalization of its parent company Volkswagen AG (€72 billion). . billion, showing a continuation of the robust performance achieved during the challenging economic conditions of 2020 when it grew profit before tax by 8%. .

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Valutico

OCTOBER 28, 2022

After this announcement the company’s share price hit a six-year low of HKD 60 ($7.60), an 80% decline from its all-time high of HKD 300 ($38) in October 2020. . Alibaba’s current market capitalization of $167 billion suggests that the company is undervalued. Recent Financial Performance. billion ($28.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization EBITDA 52

Reynolds Holding

OCTOBER 10, 2024

For example, if a three-year time-vesting grant of 300,000 shares is made to a CEO on Jun 30, 2020, the CEO typically will have full ownership of 100,000 shares on June 30, 2021; another 100,000 shares on June 30, 2022; and the remaining 100,000 shares on June 30, 2023. firm-years (i.e., We find that only 6.4

Market Capitalization 45

Market Capitalization EBITDA Marketability 45

Reynolds Holding

MAY 31, 2023

The truth was finally revealed in March 2020, when members of the U.S. As the truth was revealed, Wells Fargo’s stock plummeted, wiping out $54 billion in market capitalization, including a 22.5% The class action was initially filed in June 2020, a few months after the Congressional hearings.

Banking 52

Banking Compliance Market Capitalization Marketability 52

Musings on Markets

SEPTEMBER 11, 2023

The COVID shut down of 2020, in particular, changed the dynamic further, as traditional studios, faced with the shuttering of movie theaters, released their movies directly into streaming. Source While the 2020 drop can be attributed to the shut down, movie production has not bounced back in the years since.

Start-ups 85

Start-ups Market Capitalization Marketability Technology 85

Reynolds Holding

SEPTEMBER 1, 2022

Class Period: August 19, 2020 – May 9, 2021. Litigation Funder: Court House Capital. Class Period: June 30, 2018 – January 28, 2020. Class Period: August 19, 2020 – May 9, 2021. Class Period: January 1, 2008 – July 31, 2020. Court: Auckland High Court, New Zealand Ministry of Justice. Country: New Zealand.

Treasury 45

Treasury Marketability Market Capitalization Compliance 45

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks. In contrast, a company like Yahoo!

Start-ups 105

Start-ups Market Capitalization Marketability Dividends 105

Musings on Markets

JANUARY 5, 2024

Since I am lucky enough to have access to databases that carry data on all publicly traded stocks, I choose all publicly traded companies, with a market price that exceeds zero, as my universe, for computing all statistics. Having toyed with alternative approaches, the one that I find offers the best balance is the aggregated ratio.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Valutico

APRIL 24, 2023

billion in 2020. In comparison to Kraft Heinz Company market capitalization of USD 47.4 Recent M&A deals KHC has been making headlines with strategic moves like acquiring Cerebos Pacific in 2018 and selling off assets such as its Indian nutritional beverage and Canadian natural cheese businesses in 2019.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA Net Debt EBIT 52

Valutico

APRIL 24, 2023

billion in 2020. In comparison to Kraft Heinz Company market capitalization of USD 47.4 Recent M&A deals KHC has been making headlines with strategic moves like acquiring Cerebos Pacific in 2018 and selling off assets such as its Indian nutritional beverage and Canadian natural cheese businesses in 2019.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA Net Debt EBIT 52

Valutico

NOVEMBER 21, 2022

Despite a -21% performance in 2022 to date, Home Depot’s share price gained 64% over the past five years, with particularly good performance during the 2020-2021 COVID years. It achieved an all time high of $415 in December 2021 and is currently trading at $314 per share with a market cap of $319 billion. Share Price Performance.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

NOVEMBER 21, 2022

Despite a -21% performance in 2022 to date, Home Depot’s share price gained 64% over the past five years, with particularly good performance during the 2020-2021 COVID years. It achieved an all time high of $415 in December 2021 and is currently trading at $314 per share with a market cap of $319 billion. Share Price Performance.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

JANUARY 3, 2024

Stock Market Implications The financial performance of Visa is strongly affected by macroeconomic factors. At the start of the COVID-19 pandemic in March 2020, the Visa’s stock fell by 15% year to date due to an uncertain economic environment. Visa is currently the 11th most valuable company globally in terms of market capitalization.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Start-ups Banking 52

Reynolds Holding

JANUARY 9, 2023

In 2020, the U.S. The tech-focused coffee chain allegedly touted its meteoric growth in revenues to attract over a billion dollars in investment from both the United States and Asia as part of an Initial Public Offering and a Secondary Public Offering in May 2019 and January 2020, respectively. Top Non-U.S.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Deal Law Wire

FEBRUARY 12, 2021

Thresholds under both statutes decreased slightly, meaning more transactions may be reviewable or notifiable, respectively, than in 2020. It is adjusted annually, and for 2021 the threshold is C$415 million, down from C$428 million in 2020. Competition Act.

Enterprise Value 40

Enterprise Value Book Value Market Capitalization Marketability 40

Musings on Markets

NOVEMBER 15, 2022

In this post, I want to focus on that point, starting with a discussion of why stories matter to investors and traders and the story that propelled the company to a trillion-dollar market capitalization not that long ago. billion in revenues in 2021.

Start-ups 99

Start-ups Marketability Market Capitalization Technology 99

Valutico

JANUARY 5, 2023

Tencent Holdings has experienced ups and downs in the stock market over the past five years. In 2020, the company reached an all-time high of USD 100 (HKD 780) per share, thanks to a net income margin of 33% and strong sales growth of 28%. In comparison to Tencent’s market capitalization of HKD 3,070 (USD 386.6)

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Technology 52

Valutico

JANUARY 5, 2023

Tencent Holdings has experienced ups and downs in the stock market over the past five years. In 2020, the company reached an all-time high of USD 100 (HKD 780) per share, thanks to a net income margin of 33% and strong sales growth of 28%. In comparison to Tencent’s market capitalization of HKD 3,070 (USD 386.6)

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Technology 52