Harvard Corporate Governance

AUGUST 1, 2023

Posted by Mary Ann Deignan, Rich Thomas, and Kathryn Night, Lazard, on Tuesday, August 1, 2023 Editor's Note: Mary Ann Deignan is Head of Capital Markets Advisory, and Rich Thomas and Kathryn Night are Managing Directors in the Capital Markets Advisory group at Lazard. Deignan, Mr. Thomas, Ms. more…)

Marketability 242

Marketability Total Shareholder Return Alpha Market Capitalization 242

Harvard Corporate Governance

AUGUST 7, 2023

Larcker (Stanford University) , on Monday, August 7, 2023 Editor's Note: Brian Tayan is a researcher with the Corporate Governance Research Initiative and David F. Posted by Brian Tayan and David F. Larcker is the James Irvin Miller Professor of Accounting, Emeritus, at Stanford Graduate School of Business.

Equity 230

Equity Market Capitalization Technology Marketability 230

Cooley M&A

JANUARY 30, 2024

As we look ahead to the 2024 proxy season (and beyond), let’s review the key 2023 trends and developments from activism playbooks, with a sharp focus on the ever-changing landscape in the technology and healthcare sectors. 4] Activists won 134 board seats globally in 2023, a 30% increase from 2022. Momentum building for 2024?

Market Capitalization 52

Market Capitalization Equity Marketability Total Shareholder Return 52

Musings on Markets

NOVEMBER 1, 2023

As the price dropped below $200 today (October 30,2023), I decided that it was time for me to revisit and revalue the company, taking into account the news, financial and other, that has come out since my last valuation in January 2023, and to understand the dueling stories that are emerging about the company.

Start-ups 116

Start-ups Marketability Market Capitalization Equity 116

Harvard Corporate Governance

FEBRUARY 1, 2024

POST-TRIAL OPINION Date Submitted: April 25, 2023 Date Decided: January 30, 2024 Gregory V. s directors breached their fiduciary duties by awarding Elon Musk a performance-based equity-compensation plan. GRACIAS, JAMES MURDOCH, LINDA JOHNSON RICE, BRAD W. BUSS, and IRA EHRENPREIS, Defendants, and TESLA, INC., Varallo, Glenn R.

EBITDA 337

EBITDA Market Capitalization Equity Marketability 337

Musings on Markets

JANUARY 17, 2024

Heading into 2023, US equities looked like they were heading into a sea of troubles, with inflation out of control and a recession on the horizon. In that post, I noted that if inflation subsided quickly, and the economy stayed out of a recession, stocks had upside, and that is the scenario that played out in 2023.

Risk Premium 77

Risk Premium Start-ups Equity Treasury 77

Reynolds Holding

JANUARY 23, 2024

2023 delivered a banner year for investor recoveries, as the $7.9 In this ISS Insights post, ISS Securities Class Action Services, an industry pioneer and expert in global claims filing, portfolio monitoring, and research solutions, will highlight the largest settlements achieved during the year 2023. was also up 18% from 2022.

Banking 59

Banking Private Equity Firm Alpha Compliance 59

Benzinga

SEPTEMBER 3, 2024

With a market capitalization of $4.8 Return on equity in the trailing 12 months is currently 31.7%, which is higher than the industry's average of 20.9%. increase from the 2023 figure. Shares of Euronet Worldwide, Inc. NASDAQ: EEFT ) have gained 23.6% in the past year compared with the industry's 21.6%

Market Capitalization 52

Market Capitalization Equity Marketability 52

Global Finance

JUNE 18, 2024

Several of the domestic companies looking to IPO this year are global private-equity backed where early investors are looking to cash out. In the second half of 2023 the Indian equity market crossed the $4 trillion mark and is currently valued at $4.9

Marketability 105

Marketability Equity Start-ups Banking 105

Valutico

JANUARY 17, 2023

Weekly Valuation – Valutico | 17 January 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 The Flow-to-Equity analysis produced a value of $28.1 Link to valuation.

Discounted Cash Flow 52

Discounted Cash Flow Market Capitalization Equity Start-ups 52

Musings on Markets

MAY 7, 2023

In this post, I will begin by looking at how to value banks and follow up with an examination of investor views of banking have changed, by looking at pricing, before examining divergences in how banks are priced in the market today. All Equity, All the time!

Banking 64

Banking Price to Book Dividends Book Value 64

Value Scope

NOVEMBER 3, 2023

The Value of X X, formerly Twitter, is now valued at $19 billion, according to the company’s employee equity compensation plan. The dropping of the Twitter brand name In October 2023, Musk announced that X was dropping the Twitter brand name. Several factors may have contributed to the valuation drop.

Business Valuation 130

Business Valuation Start-ups Market Capitalization Marketability 130

Valutico

FEBRUARY 8, 2023

Weekly Valuation – Valutico | 8 February 2023 Link to valuation About Visa Visa is an American payment technology company headquartered in California, offering electronic transactions between merchants, financial institutions, and cardholders, facilitating billions of transactions each year. billion and net income by 6% to $4.2

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Reynolds Holding

AUGUST 31, 2023

This update discusses shareholder activism activity involving NYSE- and Nasdaq- listed companies with equity market capitalizations in excess of $1 billion and below $100 billion (as of the last date of trading in 2022) during 2022. Announced shareholder activist activity increased relative to 2021.

Market Capitalization 52

Market Capitalization Equity Marketability 52

Valutico

MARCH 28, 2023

UBS Group AG Weekly Valuation – Valutico | 28 March 2023 Link to the valuation Context In recent days, the financial markets have experienced increased turmoil, causing growing concerns about financial stability. As a result, they have been pouring into money market funds at the highest rate since the COVID pandemic began.

Banking 52

Banking Dividends Equity Marketability 52

Musings on Markets

OCTOBER 12, 2023

The effect of impact investing in the inclusionary and exclusionary paths is through the stock price , with the buying (selling) in inclusionary (exclusionary) investing pushing stock prices up (down), which, in turn, decreases (increases) the costs of equity and capital at these firms. in the 2011-2023 time period.

Market Capitalization 83

Market Capitalization Enterprise Value Start-ups Marketability 83

Valutico

MARCH 1, 2023

Weekly Valuation – Valutico | 1 March 2023 Link to valuation About BP BP, a multinational oil and gas company, headquartered in London, is one of the largest oil and gas producers in the world. by using the Discounted Cash Flow method, specifically our Flow-to-Equity approach, as well as a Trading Comparables analysis.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 78

Banking Equity Start-ups Treasury 78

Valutico

NOVEMBER 28, 2022

Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. billion at the IPO which is now planned for the second half of 2023. Currently the company is trading at CHF 30 per share with a market capitalization of CHF 56.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. billion at the IPO which is now planned for the second half of 2023. Currently the company is trading at CHF 30 per share with a market capitalization of CHF 56.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

APRIL 7, 2023

The estimated cost of the bank’s failure to the Deposit Insurance Fund is about USD 20 billion, and the FDIC will receive equity appreciation rights in First Citizens with a potential value of USD 500 million. by using our Flow-to-Equity simplified approach, as well as a Trading Comparables analysis. and Commerce Bancshares, Inc.

Banking 52

Banking Equity Market Capitalization Finance 52

Reynolds Holding

NOVEMBER 30, 2023

On November 21, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued eight new Compliance & Disclosure Interpretations (C&DIs), and revised two previously issued C&DIs, relating to the final pay-versus-performance (PVP) disclosure rules adopted last year.

Compliance 40

Compliance Total Shareholder Return Dividends Market Capitalization 40

Benzinga

SEPTEMBER 5, 2024

Based on S&P Capital IQ Pro data as of June 30, 2023, First of Long Island is ranked #4 in Nassau County and #5 in Suffolk County in deposit market share among banks under $100 billion of assets. "We As of June 30, 2024, First of Long Island had approximately $4.2 billion of assets, $3.3 billion of loans, and $3.4

Banking 45

Banking Book Value Marketability Market Capitalization 45

Reynolds Holding

JULY 20, 2023

Lastly, it should be noted that on July 17, 2023, BlackRock, Inc. Taking all these developments and more into account, we continue to be of the view that The New Paradigm provides a pragmatic and balanced approach to preserving open market capitalism, while also creating economic prosperity that will benefit all, not just a few.

Market Capitalization 40

Market Capitalization Marketability Equity 40

Benzinga

MAY 18, 2023

May 18, 2023 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency") (NASDAQ: REG ) and Urstadt Biddle Properties Inc. The combined company is expected to have a pro forma equity market capitalization of approximately $11 billion and total enterprise value of approximately $16 billion. JACKSONVILLE, Fla.

Equity 40

Equity Enterprise Value Dividends Market Capitalization 40

Benzinga

FEBRUARY 15, 2023

15, 2023 (GLOBE NEWSWIRE) -- GoLogiq, Inc. The company believes it meets the quantitative requirements, including net shareholder equity and market capitalization. NEW YORK, Feb. OTC: GOLQ ), a U.S.-based based global provider of fintech and consumer data analytics, has commenced the process of listing on a senior U.S.

Market Capitalization 40

Market Capitalization Marketability Banking Equity 40

Musings on Markets

OCTOBER 6, 2023

In this post, I will look at another initial public offering, Birkenstock, that is likely to get more attention in the next few weeks, given that it is targeting to go public at a pricing of about €8 billion, for its equity, in a few weeks.

Intangible Assets 106

Intangible Assets Book Value Equity Start-ups 106

Benzinga

FEBRUARY 20, 2024

The pro-forma information presented herein is based on data of the Company data as of September 30, 2023 and CALP Loan Portfolio data as of January 1, 2024. Improved access to debt and equity capital markets. Accretive to Net Investment Income. Full story available on Benzinga.com

Equity 40

Equity Market Capitalization Marketability Finance 40

Valutico

OCTOBER 1, 2022

Founded in 1995, Lockheed Martin Corporation is a Bethesda, Maryland-based aerospace company with a $106 billion market capitalization. . The company published its Q2 2023 financial results this week. to arrive at a valuation of $103 million, almost exactly the current market cap of $106 billion. . A WACC of 5.7%

Discounted Cash Flow 52

Discounted Cash Flow Dividends Market Capitalization Marketability 52

Musings on Markets

OCTOBER 28, 2024

That was the thought that came to mind, as I was writing about the US government's plans to break up big tech, and chronicling how much the big tech companies have struggled, trying to enter new businesses, notwithstanding the capital and brainpower that they have at their disposal.

Start-ups 66

Start-ups Alpha Equity Marketability 66

Benzinga

FEBRUARY 27, 2023

− Transaction will create the 4 th largest commercial mortgage REIT with a capital base of $2.8 billion – − Highly synergistic platforms and capital optimization will drive strong earnings per share accretion in 2024 and sustained long-term growth − − Expected value at closing of approximately $787 million − NEW YORK, Feb.

Book Value 40

Book Value Finance Market Capitalization Equity 40

Benzinga

JUNE 2, 2023

June 02, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. The holders of outstanding ABM shares will receive equity in SGII valued at $160 million (subject to adjustments). ABM is focused on supplying domestically-sourced critical minerals, with a particular focus on lithium, to global markets.

Enterprise Value 98

Enterprise Value Market Capitalization Banking Marketability 98

Valutico

DECEMBER 4, 2023

Weekly Valuation – Valutico | December 01, 2023 Link to the valuation Inside Netflix Founded in 1997, Netflix, initially a DVD rental service, evolved into a streaming giant by 2007. The DCF analysis yielded an equity value of USD 125 billion, predicated on a WACC of 10.1%. Netflix Inc. Youtube), Apple Inc. Amazon Prime Video).

Discounted Cash Flow 52

Discounted Cash Flow EBIT Start-ups EBITDA 52

Benzinga

AUGUST 18, 2023

18, 2023 (GLOBE NEWSWIRE) -- Regency Centers Corporation ("Regency") (NASDAQ: REG ) today announced the completion of its previously announced acquisition of Urstadt Biddle Properties Inc. The combined company has a total equity market capitalization of more than $11 billion and an enterprise value of more than $16 billion.

Enterprise Value 40

Enterprise Value Market Capitalization Banking Marketability 40

Musings on Markets

JUNE 23, 2023

As the semiconductor business has acquired heft, in terms of revenues and profitability, investors have priced those operating results into the market capitalization assigned to these companies. Note that NVIDIA, the subject of this post, was eighth on the list in 2023, and has remained at that ranking from 2010.

Start-ups 94

Start-ups Marketability Market Capitalization Technology 94

Musings on Markets

SEPTEMBER 9, 2024

While management decisions have clearly contributed to the problems, it is also true that the pharmacy business, which forms Walgreen's core, has deteriorated over the last two years, and that can be seen by comparing its market performance to CVS, its highest profile competitor.

Start-ups 109

Start-ups Marketability Market Capitalization Equity 109

Musings on Markets

FEBRUARY 27, 2023

In this post, I will focus on corporate debt in 2023, keeping in mind that it was a year where the tradeoffs changed, as interest rates rose to pre-2008 levels, and putting at risk those firms that had borrowed to capacity, or even beyond, at low interest rates.

Equity 52

Equity EBITDA Start-ups Net Debt 52