Equilest

NOVEMBER 25, 2023

Uncover the intricacies of financial modeling, from understanding fundamental concepts like Free Cash Flow to Firm and Dividend Discount Model, to navigating advanced methodologies such as LBO and DCF. The resulting value represents the cash available to all contributors of capital—both debt and equity. What is Dividend Discount Model?

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Andrew Stolz

NOVEMBER 21, 2021

The repurchase has helped to keep return on equity above its target of 10%. It is deducted from equity when the company buys back its own shares. The company pays out dividends on a consistent basis. The company pays out dividends on a consistent basis. Dividend payout ratio is almost constant around 30%.

Dividends 52

Dividends EBIT Treasury Equity 52

Valutico

NOVEMBER 14, 2022

This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. We analyzed TotalEnergies by using the Flow to Equity method and a Trading Comparables analysis. The Flow to Equity analysis produced a value of €272 billion, with a Cost of Equity of 8.9%.

EBIT 52

EBIT Equity Dividends EBITDA 52

Valutico

NOVEMBER 14, 2022

This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. We analyzed TotalEnergies by using the Flow to Equity method and a Trading Comparables analysis. The Flow to Equity analysis produced a value of €272 billion, with a Cost of Equity of 8.9%.

EBIT 52

EBIT Equity Dividends EBITDA 52

Andrew Stolz

JANUARY 17, 2022

Value play with strong dividend growth potential. In 2020, its net-debt to equity ratio stood at 0.9x. Strong operating cash flow allows the company to resume its dividend payments in line with its pre-pandemic policy. I expect dividend yield over the near-term to range between 2.5-3.5%. Download the full report as a PDF.

Marketability 52

Marketability Dividends Net Debt Start-ups 52

Valutico

SEPTEMBER 22, 2023

The income-based approach determines a company’s value by assessing its anticipated future income-generating potential, employing methodologies such as Discounted Cash Flow (DCF) Analysis, Capitalization of Earnings, the Income Multiplier Method, Dividend Discount Model (DDM), and Earnings-Based Valuation.

Discounted Cash Flow 52

Discounted Cash Flow Intangible Assets Book Value Asset-based Approach 52

Andrew Stolz

NOVEMBER 28, 2021

It raises $1bn new capital through the private equity fund TPG Rise Climate for a 11% stake. Given its losses over the past years, it did not pay out any dividends since 2016. We assume that there will be no dividends at least for the next 3 years. No dividend policy requires return generation from price. Conclusions.

Dividends 52

Dividends EBIT Equity Business Valuation 52

Musings on Markets

JANUARY 6, 2023

I do report on a few market-wide data items especially on risk premiums for both equity and debt. At the company-level, I provide data on risk, profitability, leverage and dividends, broken down by industry-groups, to be used in both corporate finance and valuation. Cost of Equity 1. EV/EBIT and EV/EBITDA 4.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Brian DeChesare

SEPTEMBER 11, 2024

Renewable Energy Investment Banking Definition: In renewable energy investment banking, bankers advise companies in the solar, wind, biofuel, storage, battery, smart grid, electric vehicle, hydrogen, hydroelectric, and carbon capture verticals on equity and debt issuances, asset deals, and mergers and acquisitions.

Banking 59

Banking Finance Start-ups Equity 59

Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Return on Equity 1. Dividends and Potential Dividends (FCFE) 1. Return on Equity 2.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Valutico

AUGUST 23, 2022

The current dividend yield is 2.14%. TSM has a dividend payout ratio of slightly below 43% and a 5-year dividend growth rate of 10.83%. TSM has never cut its dividend since its first distribution in 2004. The company prioritises the dividend over share buybacks. Gross margin for the quarter was 59.1%

Dividends 52

Dividends EBIT Marketability Equity 52

Musings on Markets

OCTOBER 25, 2022

Since a business can raise capital from owners (equity) and lenders (debt), the free cash flows that you compute can be to just the equity investors in the business, in which case it is free cash flow to equity , or to all capital providers in the business, as free cash flow to the firm.

Dividends 107

Dividends EBITDA Equity Start-ups 107

Musings on Markets

JANUARY 10, 2025

Thus, as you peruse my historical data on implied equity risk premiums or PE ratios for the S&P 500 over time, you may be tempted to compute averages and use them in your investment strategies, or use my industry averages for debt ratios and pricing multiples as the target for every company in the peer group, but you should hold back.

Risk Premium 115

Risk Premium Dividends Start-ups Corporate Finance 115

Musings on Markets

FEBRUARY 23, 2025

The Debt Trade off As a prelude to examining the debt and equity tradeoff, it is best to first nail down what distinguishes the two sources of capital. To me, the key distinction between debt and equity lies in the nature of the claims that its holders have on cash flows from the business.

Equity 75

Equity EBITDA Risk Premium Gross Debt 75