Musings on Markets

OCTOBER 12, 2023

trillion was invested by impact investors in 2021, with a diverse range of investors: Global Impact Investing Network, 2022 Report Not surprisingly, the balance between social impact and financial return desired by investors, varies across investor groups, with some more focused on the former and others the latter.

Market Capitalization 112

Market Capitalization Enterprise Value Start-ups Marketability 112

Valutico

NOVEMBER 14, 2022

Two weeks ago TotalEnergies announced its net income for the third quarter of 2022 which increased by 43% compared to 2021 and amounted to €6.6 This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. Recent Financial Performance.

EBIT 52

EBIT Equity Dividends EBITDA 52

Valutico

NOVEMBER 28, 2022

ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period. At this level the dividend yield is 2.8%. . The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period. At this level the dividend yield is 2.8%. . The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 14, 2022

Two weeks ago TotalEnergies announced its net income for the third quarter of 2022 which increased by 43% compared to 2021 and amounted to €6.6 This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. Recent Financial Performance.

EBIT 52

EBIT Equity Dividends EBITDA 52

Benzinga

NOVEMBER 2, 2022

per diluted share for the same period in 2021. versus the same period in 2021. per diluted share for the same period in 2021. per diluted share for the same period in 2021. per diluted share, for the same period in 2021. compared to the same period in 2021. September 30, 2021. million , or $0.13

Dividends 40

Dividends Equity Net Debt Finance 40

Benzinga

MAY 3, 2022

Q1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 The effect of the series of transactions in the last couple of quarters as well as continued focus on operational cost resulted in sequential Adjusted EBITDA 8% greater than Q4 2021. million, a decrease of 17% compared to the fourth quarter of 2021.

EBITDA 40

EBITDA Equity Start-ups Marketability 40

Benzinga

JUNE 16, 2022

These cross-selling synergies, alongside those related to operating costs, are expected to accelerate once we complete the integration, reaching an annual run rate in excess of $170 million over the next three to five year period, enhancing EBITDA and free cash flow growth.

EBITDA 40

EBITDA Net Debt Technology Dividends 40

Benzinga

JUNE 14, 2023

The Transaction implies a multiple of less than 9x the projected forward Adjusted EBITDA and is immediately accretive, with DCF per share accretion in the mid-teens 4 , 5 , 6. In March 2021, STGT completed the final construction phase of incremental storage facilities bringing the total terminalling capacity to 8.6

Dividends 40

Dividends Equity Finance EBITDA 40

Musings on Markets

JANUARY 31, 2024

Your answer to that question will determine not just how you approach running the business, but also the details of how you pick investments, choose a financing mix and decide how much to return to shareholders, as dividend or buybacks.

Equity 80

Equity Book Value Start-ups Corporate Finance 80

Musings on Markets

NOVEMBER 15, 2022

Venture capitalist, raised on a diet of big stories and total addressable markets has little in common with bankers, trained to think in terms of EV to EBITDA multiples and accounting ROIC, and when put in a room together, it should come as no surprise that they find each other's language indecipherable. The reason is simple.

Start-ups 99

Start-ups Marketability Market Capitalization Technology 99

Benzinga

SEPTEMBER 30, 2022

billion in sales and adjusted EBITDA of $340 million, an increase of 47% compared to the $232 million of adjusted EBITDA generated during fiscal year 2021. For fiscal year 2022, Worthington's Consumer Products, Building Products and Sustainable Energy Solutions businesses delivered $1.3

EBITDA 40

EBITDA Marketability Dividends Technology 40

Benzinga

JUNE 20, 2022

Combined Company targeting a low teen Adjusted EBITDA CAGR through 2023 from a 2021 base of $305 million 1. billion of Revenue and $305 million of Adjusted EBITDA in 2021 4. 2021 Combined Company Revenue. ($ in millions). Combined Company Adjusted EBITDA. ($ in millions). Combined Company had $2.7

Technology 40

Technology EBITDA Marketability Dividends 40

Brian DeChesare

SEPTEMBER 11, 2024

A good example is the 2020 – 2021 period, when SPAC activity went vertical, and plenty of renewable energy companies used SPACs to go public. If you look at the presentations and valuations below, you will still see standard valuation multiples like TEV / Revenue, TEV / EBITDA, and P / E.

Banking 59

Banking Finance Start-ups Equity 59

Musings on Markets

OCTOBER 25, 2022

In the last two decades, I have seen free cash flow measures stretched to cover adjusted EBITDA, where stock-based compensation is added back to EBITDA, and with WeWork, to community-adjusted EBITDA, where almost all expenses get added back to get to the adjusted value.

Dividends 107

Dividends EBITDA Equity Start-ups 107

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. The interest coverage ratio better captures the limited buffer that the company has on its debt load, since the operating income is barely higher than interest expenses. times revenues in the most recent two years.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100

Brian DeChesare

NOVEMBER 20, 2024

billion market cap that trades at 7x trailing revenue on expected revenue growth rates of 15 – 20% and projected EBITDA margins of ~20%. So, most of the returns will have to come from EBITDA growth, with a small amount coming from Cash generated during the holding period (if any). A 2x multiple over 5 years is a 15% IRR.

Equity 59

Equity Enterprise Value Start-ups Marketability 59