Musings on Markets

JANUARY 31, 2024

The second is that the sanctions imposed after 2021 on doing business in Russia drove foreign competitors out of the market, leaving the market almost entirely to domestic companies. The first is the preponderance of natural resource companies in this region, and energy companies had a profitable year in 2023.

Equity 80

Equity Book Value Start-ups Corporate Finance 80

Benzinga

MARCH 29, 2022

Apollo Bank operates five branches across Miami-Dade County with deposits of approximately $928 million and loans of $665 million as of December 31, 2021. Seacoast's South Florida presence has grown in recent years, including through its acquisition of Legacy Bank of Florida in 2021. Seacoast expects the transaction to be 8.0%

Banking 40

Banking Book Value Marketability 40

Musings on Markets

JULY 22, 2021

Zomato, an Indian online food-delivery company, was opened up to public market investors on July 14, 2021, and its market debut is being watched for clues by a number of other online ventures in India, waiting in the wings to go public. The service was initiated in 2017 and it had 1.5

Marketability 99

Marketability Start-ups Equity Price to Book 99

Benzinga

APRIL 18, 2022

First Quarter 2022 Results (All comparisons refer to the fourth quarter of 2021, except as noted). per diluted share during the fourth quarter of 2021. The allowance for credit losses as a percentage of total loans totaled 1.04%, compared to 1.10% at December 31, 2021. at December 31, 2021. for the full year 2021.

Banking 40

Banking Book Value Equity Intangible Assets 40

Reynolds Holding

FEBRUARY 22, 2023

The Williams Companies decision [7] in 2021 indicated that the Delaware judiciary will view unusual features of a pill directed at shareholder activism with considerable skepticism. A Japanese Supreme Court decision in 2021 is the most significant and potentially troubling from a doctrinal standpoint. [9] 26, 2021), aff’d sub nom.

Marketability 49

Marketability Book Value Market Capitalization 49

Andrew Stolz

JANUARY 12, 2022

In 2021, it sold more than 100,000 battery electric vehicles (BEV). The company missed its 2021 sales target by 4% amid the chip crisis. Book value is the value attributable to shareholders in case the company sells all its assets and repays its liabilities (also called liquidation value).

EBIT 52

EBIT Price to Book Book Value Liquidation Value 52

Valutico

DECEMBER 15, 2022

Price/Book : This multiple compares the price to the book value of a firm. For example, if I use the P/E multiple, I should use the Earnings of the comparable companies for the same year (say 2021) as for my target company. It shows the amount an investor is willing to pay for one dollar of net earnings. .

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

Price/Book : This multiple compares the price to the book value of a firm. For example, if I use the P/E multiple, I should use the Earnings of the comparable companies for the same year (say 2021) as for my target company. It shows the amount an investor is willing to pay for one dollar of net earnings. .

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Musings on Markets

FEBRUARY 15, 2023

The first is to see how the increase in inflation in 2021 and 2021 has played out in profitability for companies, since inflation can increase profits for some firms, and lower them for others. In this post, I will focus on trend lines in profitability at companies in 2022, with the intent of addressing multiple questions.

Start-ups 52

Start-ups Equity Risk Premium Risk-free Rate 52

ABI

JANUARY 19, 2024

20] Regarding fair price, the Second Circuit found Tilton’s valuation method of NewCo neglected the “highest value reasonably available under the circumstances.” [21] 20-CV-06274 (LAK), 2021 WL 4459733, at *9 (S.D.N.Y. 29, 2021), aff'd , 81 F.4th 8] PPAS would then sell those assets to Tilton affiliates. [9] 548(a)(1)(A). [2]

Book Value 40

Book Value Liquidation Value Banking 40

Shephard Mullin M&A

JUNE 8, 2023

By early 2021, the industry had effectively made a full recovery in spite of supply chain and inventory challenges and M&A activity in this space rebounded accordingly, with a record 383 transactions completed in 2021, and an estimated 374 transactions completed in 2022. Despite larger U.S. Cash and Other Working Capital.

Finance 52

Finance Going Concern Value Book Value Marketability 52

Benzinga

JULY 26, 2023

The Transaction emerged through continued dialogue with MacKellar over the past two years, following NACG's entry into Australia through the acquisition of DGI Trading Pty Limited in 2021. The Transaction is fully funded by bank secured & vendor provided debt financing.

EBIT 40

EBIT Debt Financing Book Value Finance 40

Benzinga

SEPTEMBER 6, 2023

Direct Line's brokered Commercial Lines generated written premiums 4 of £530 million in 2022, and delivered an average combined ratio 5 6 of approximately 96% across 2021 and 2022. The transaction will result in the transfer of renewal rights, brands, employees, and systems to RSA.

Discounted Cash Flow 40

Discounted Cash Flow Net Present Value Book Value Dividends 40

Musings on Markets

NOVEMBER 10, 2022

Since net income increases by the same magnitude, the company generated $42.5 billion in net income in the last twelve months, if you correct for R&D, rather than $28.8 billion , as reported. We are certain that while some of these reality-lab related expenses are operating, a large portion represent capital expenses that are being expensed.

Finance 96

Finance Start-ups Equity Equity Financing 96

Musings on Markets

JULY 17, 2023

If anything, the economy seems to have settled into a stable pattern, albeit at the high levels that it reached in the second half of 2021. In 2022, old-time value investors felt vindicated, as the damage that year was inflicted on the highest growth companies, especially in technology.

Marketability 98

Marketability Risk Premium Start-ups Treasury 98

Musings on Markets

JANUARY 6, 2023

For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive. Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Benzinga

APRIL 26, 2023

Book value per common share of $22.79 Tangible book value per common share of $20.38 During first quarter 2023, Salisbury did not repurchase any of its outstanding common stock pursuant to its stock repurchase program, which was established in March 2021 and renewed in March 2022. million at March 31, 2023.

Dividends 40

Dividends Banking Equity Book Value 40

Musings on Markets

FEBRUARY 4, 2023

The company's return on invested capital has steadily declined, even as it has scaled up, hovering just over 3% in 2021-2022. You see similar movements in the price to book, where the stock has gone from trading under book value to 6.7 times revenues in the most recent two years.

Start-ups 100

Start-ups Market Capitalization Equity Marketability 100