Cooley M&A

DECEMBER 15, 2021

When designing, implementing and disclosing executive, director and equity compensation programs that reflect the business strategy and drive long-term value, public companies are subject to an evolving regulatory landscape and must understand investor and proxy advisory firm expectations.

Comps 40

Comps Equity 40

Business Wire M&A

FEBRUARY 2, 2023

The combined company offers the most comprehensive tech transfer and IP management solutions on the market, servicing over 900 comp

Private Equity Firm 40

Private Equity Firm Comps Equity Technology 40

Benzinga

FEBRUARY 20, 2024

comp sales (ex-fuel) grew by 4.0%, with growth in eCommerce of 17%, led by pickup & delivery. The stock price gained after the results. Net sales from Walmart U.S. increased 3.4% Y/Y, Walmart International rose 17.6%, and Sam’s Club U.S. was up 2.0%. Walmart’s total U.S. Walmart U.S. Operating income rose 12.9%

Dividends 52

Dividends eCommerce Comps Equity 52

Appraisers Blog

OCTOBER 3, 2023

o Continue efforts to minimize single-family appraisal bias and improve valuation equity, including by supporting FHFA’s implementation of the Property and Valuation Equity (PAVE) action plan. Have they even read the Tobias report from AEI, ‘a response to the pave task force’?

Appraisal 75

Appraisal Comps Compliance Equity 75

Appraisers Blog

FEBRUARY 25, 2024

The national team began looking into this partially because of the government’s creation of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) and the statements by the CFPB, HUD and other agencies. Just one of the main reasons to select the right comps.

Appraisal 98

Appraisal Comps Banking Equity 98

Valutico

DECEMBER 15, 2022

The first is comparable company analysis (CCA), also known as “comps”. Comparable Company Analysis’, ‘CCA’, ‘Comps’). Equity Vs. Enterprise Multiples – Which To Use? The ratio is either related to the Equity Value or ratios related to the Enterprise Value. . An example of an equity multiple: Price / Earnings.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

The first is comparable company analysis (CCA), also known as “comps”. Comparable Company Analysis’, ‘CCA’, ‘Comps’). Equity Vs. Enterprise Multiples – Which To Use? The ratio is either related to the Equity Value or ratios related to the Enterprise Value. . An example of an equity multiple: Price / Earnings.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

MAY 6, 2024

The most common market-based valuation methods are the Comparable Companies Analysis (Comps) and the Precedent Transactions Analysis. These multiples are applied to target company’s latest financials such as revenue, earnings and book value of equity to arrive at an estimate of enterprise value or equity value.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52

Value Scope

JANUARY 13, 2021

Intrinsic Value” is what equity research analysts use when they look at public stocks and bonds. The market approach uses comps, both trading and transaction. “Fair Value” is the US GAAP application standard. Private capital firms use “Investment Value,” and a large part of this will usually involve exit assumptions.

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130

Brian DeChesare

DECEMBER 6, 2023

Pair Trades: To achieve this market neutrality, trades are usually paired so that if you long one company in your universe, you’ll short another company, and the gains come from the spread (more on long/short equity ). Maximum Drawdown Limits: Because the multi-manager hedge funds are highly leveraged , they do not tolerate drawdowns.

Start-ups 104

Start-ups Beta Marketability Comps 104

Brian DeChesare

OCTOBER 18, 2023

But in capital markets, you work on just one category of deals , such as equity-related transactions (IPOs, follow-ons, convertible bonds, etc.) Specifically, private equity is not feasible from most ECM or DCM teams, hedge funds are also challenging, venture capital is a stretch, and you won’t have the right skills for corporate development.

Banking 59

Banking Marketability Start-ups Equity 59

Equilest

NOVEMBER 25, 2023

Understanding the Concept: In essence, FCFF encapsulates the cash that can be distributed to both debt and equity holders after meeting operational needs and capital expenditures. The resulting value represents the cash available to all contributors of capital—both debt and equity. What is Free Cash Flow to Equity?

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Value Scope

JANUARY 13, 2021

Intrinsic Value” is what equity research analysts use when they look at public stocks and bonds. The Market Approach The market approach uses comps, both trading and transaction. “Fair Value” is the US GAAP application standard. Liquidation Value” is used for distressed situations and can be forced or orderly.

Fair Market Value 100

Fair Market Value Discounted Cash Flow Treasury Marketability 100

Valutico

OCTOBER 20, 2022

the multiple based or ‘ comps ’ (comparable company analysis) approach. Ce = Cost of Equity. Rm – Rf) = Equity Market Risk Premium. Cp = Cost of Equity Premium. Ce = Cost of Equity. E = Equity . Therefore, we can put in the following values: Equity. Cost of Equity. The first is 1.

Discounted Cash Flow 52

Discounted Cash Flow Terminal Value Weighted Average Cost of Capital Net Present Value 52

GCF Value

JANUARY 7, 2021

The exercise is similar to when the real estate agent pulls comps to help you price your house – you have a data point based on transactions for broadly similar entities. The end product from an online valuation calculator won’t provide much in the way of analysis. Professional and Managerial Insight.

Business Valuation 52

Business Valuation Appraisal Comps Dividends 52

A Neumann & Associates

APRIL 5, 2022

These include Private Equity/Joint Venture money that is looking to buy businesses with the goal of selling them in several years or doing a rollup of smaller companies within an industry to build a bigger company. Currently, it is truly a Seller’s market.

Start-ups 52

Start-ups Business Valuation Fair Market Value Comps 52

Appraisal Rights

JUNE 5, 2017

The court refused to put any weight on petitioners’ comparable companies analysis, finding that the comp set diverged too much from SWS in terms of size, business lines, and performance to be meaningful. The court undertook its own DCF analysis, on which it relied exclusively.

Beta 40

Beta Risk Premium Capital Structure Discounted Cash Flow 40

Equilest

MAY 21, 2024

Understanding Precedent Transactions Definition Precedent transactions, also known as comparable transactions or "comps," are past sales of companies or significant stakes in companies that can be used to value similar businesses. It’s a great resource for understanding the private equity and venture capital landscapes.

Marketability 40

Marketability Enterprise Value EBITDA Price to Earnings 40

Valutico

AUGUST 17, 2022

What data is used for the companies ‘comps’ comparisons? While the DCF also discounts future cash flows to a present value today, it does so using discount rates typically calculated using the Capital Asset Pricing Model (either Weighted Average Cost of Capital (WACC) or Cost of Equity (CoE)).

Start-ups 52

Start-ups EBIT Weighted Average Cost of Capital Discounted Cash Flow 52

Appraisers Blog

JANUARY 2, 2025

Imagine trying to justify picking comps only in this boundary regardless of distance or comparative housing quality. They believe by way of central planning by redrawing the map in this manner, they could foster better ‘social and educational equity’ through ‘broader inclusive attendance policies.’

Comps 98

Comps Appraisal Equity 98

Value Scope

SEPTEMBER 24, 2020

ESG in Equity Analysis and Credit” analysis was published in 2018 by the PRI, the Principles of Responsible Investment arm of the UN, and the CFA Institute. 13 Less than a year ago “Foundations of ESG Investing: How ESG Affect Equity Valuation, Risk, and Performance” was published in the Journal of Portfolio Management.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130

Global Finance

OCTOBER 29, 2024

That is finally starting to stabilize as we’ve lapped higher rates and have easier comps there. GF: How does it look for private equity firms? We’ve also seen equity or purchase price multiples of leveraged buyouts, even though there haven’t been many, move lower than the peaks. We’ve seen this downtrend in interest coverage.

Start-ups 98

Start-ups Finance Equity Private Equity Firm 98