Andrew Stolz

AUGUST 6, 2020

Absolute valuation is calculated through the discounted dividend model (DDM) method and discounted cash flow (DCF) method where you only focus on the stock and look at its dividends, cash flow, and growth. Often companies don’t pay dividends every quarter or every year hence making their payouts irregular. D0 = D1 ÷ (r – g).

Discounted Cash Flow 52

Discounted Cash Flow Dividends Price to Earnings Net Present Value 52

Musings on Markets

MAY 7, 2023

Consequently, you can only value the equity in a bank, and by extension, the only pricing multiples you can use to price banks are equity multiples (PE, Price to Book etc.). The notion of computing a cost of capital for a bank is fanciful and fruitless, and any attempt to compute an enterprise value for a bank is destined to end in failure.

Banking 82

Banking Price to Book Dividends Book Value 82

Valutico

DECEMBER 15, 2022

Example: Here’s an example of a particular metric you might use: In order to determine the Enterprise Value of the business, you find the EBITDA from the business you’re valuing, and then multiply this by the EBITDA multiple observed from the other comparable companies. SaaS start-ups are valued at 10x Sales”.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

Example: Here’s an example of a particular metric you might use: In order to determine the Enterprise Value of the business, you find the EBITDA from the business you’re valuing, and then multiply this by the EBITDA multiple observed from the other comparable companies. SaaS start-ups are valued at 10x Sales”.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Equilest

MARCH 28, 2025

How does negative equity affect dividends? Is negative equity value common in startups? Introduction Brief Explanation of Equity Value Equity value, a cornerstone concept in finance, fundamentally represents the ownership interest in a company after all liabilities have been accounted for.

Equity 40

Equity Net Debt Enterprise Value Capital Structure 40

Musings on Markets

AUGUST 19, 2024

With declining businesses, facing shrinking revenues and margins, it is cash return or dividend policy that moves into the front seat. In decline, multiples of book value will become more common, with book value serving as a (poor) proxy for liquidation or break up value.

Corporate Finance 119

Corporate Finance Finance Start-ups Dividends 119

Musings on Markets

OCTOBER 12, 2023

Even when you are successful in dissuading these companies from "bad" investments, but may not be able to stop them from returning the cash to shareholders as dividends and buybacks, rather than making "good" investments. trillion of cumulated enterprise value at fossil fuel companies. in the 1998-2010 time period to 5.95

Market Capitalization 103

Market Capitalization Enterprise Value Start-ups Marketability 103

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. It provides a clearer picture of a company's ability to reward its shareholders with dividends or share buybacks.

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 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

Benzinga

JULY 22, 2024

The transaction is expected to be more than 10% accretive to earnings per share and more than 20% accretive to cash available for dividend per share in 2025, and will enable us to continue investing in our business while increasing shareholder returns and maintaining a strong balance sheet."

Dividends 45

Dividends EBITDA Enterprise Value Equity 45

Brian DeChesare

JUNE 1, 2022

Traditionally, the sector was viewed as a defensive play for investors who wanted stable dividends and no drama. Companies tend to offer high, stable dividend yields, and they finance their massive capital expenditures primarily with debt , with the highest leverage ratios of any industry outside of financial institutions.

Banking 98

Banking Equity Book Value Capital Structure 98

Musings on Markets

JANUARY 6, 2023

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. Financing Flows Accounting Returns Dividends & Ownership Risk Premiums 1. Dividend Payout & Yield 1. Dividends/FCFE & (Dividends + Buybacks)/ FCFE 2.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Benzinga

OCTOBER 22, 2023

per share in cash, with the total value of the common shares equaling approximately $2.1 This transaction represents an enterprise value of approximately $7.4 Prior to closing, Textainer intends to maintain its current quarterly dividend on both the Textainer common and preference shares.

Enterprise Value 40

Enterprise Value Dividends Finance Equity 40

Benzinga

MAY 10, 2023

The transaction has an enterprise value of approximately $2.6 At the current time, the Company is not permitted to pay dividends on its outstanding shares of common stock under its existing indebtedness agreements. Riley Financial, Inc. billion, including the Company's net debt and outstanding preferred stock.

Net Debt 40

Net Debt Enterprise Value Dividends Finance 40

Benzinga

APRIL 12, 2023

("BIP") (NYSE: BIP , TSX: BIP ), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), jointly announce a definitive agreement for Triton to be acquired in a cash and stock transaction valuing the Company's common equity at approximately $4.7

Total Shareholder Return 40

Total Shareholder Return Capital Structure Enterprise Value Dividends 40

Class VI Partner

JULY 28, 2021

Discounted Cash Flow Value Discounted Cash Flow Value refers to the calculation of a company’s Enterprise Value on the basis of its ability to generate free cash flow over time. EBITDA Multiple EBITDA Multiple refers to the multiple of EBITDA used to determine a company’s enterprise value.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Benzinga

MAY 18, 2023

("Urstadt Biddle" or "UBP") (NYSE: UBA ) today announced that the two companies have entered into a definitive merger agreement (the "Agreement") by which Regency will acquire Urstadt Biddle in an all-stock transaction, valued at approximately $1.4 billion, including the assumption of debt and preferred stock.

Equity 40

Equity Enterprise Value Dividends Market Capitalization 40

Benzinga

APRIL 21, 2024

billion 1 in enterprise value. Tyman shareholders will also be entitled to receive the final dividend of 9.5 Based on Quanex's last closing share price of $34.64 on April 19, 2024, the Consideration represents: A premium of approximately 35.1% to the closing price of the Tyman shares of 296.0 pence per Tyman Share.

Banking 45

Banking Finance Enterprise Value Dividends 45

Brian DeChesare

JANUARY 19, 2022

However, there are some additional metrics and multiples that are useful for benchmarking sponsors, such as Enterprise Value / Assets Under Management (TEV / AUM), “FRE” (Fee-Related Earnings), and assets under management vs. “ permanent capital.”. Your clients need to do deals to stay in business, so less “selling” is required.

Private Equity Firm 94

Private Equity Firm Banking Equity Finance 94

Benzinga

MARCH 27, 2024

million common shares as part of the Transaction, representing an equity value of approximately US$276 million on a fully diluted in-the-money basis, and an enterprise value of US$516 million. Alamos expects to issue approximately 20.3

Equity Financing 40

Equity Financing Enterprise Value Dividends Finance 40

Benzinga

JULY 13, 2022

VAALCO to acquire, through an indirect wholly-owned subsidiary, each TransGlobe share for 0.6727 of a VAALCO share; Implied TransGlobe equity value of US$307 million (with premium), and enterprise value of US$273 million assuming cash of US$37 million and debt of US$3 million as of March 31, 2022; A 24.9 percent and 45.5

Dividends 40

Dividends Net Debt Equity Enterprise Value 40

Benzinga

AUGUST 30, 2022

The transaction values Newsight at US$215 million, which together with US$102.5 million cash in VSAC's trust account, assuming no redemptions in the business combination and the addition of proceeds of a possible financing of up to $40 million outlined below, results in a combined pro forma enterprise value of US$380 million.

Finance 40

Finance Technology Marketability Enterprise Value 40

Brian DeChesare

OCTOBER 12, 2022

EXAMPLE: Let’s say you’re planning to have 10 portfolio companies in your first fund, and the average Purchase Enterprise Value will be $50 million. Distributions: How frequently will you distribute dividends, cash flows, interest, and realized gains to your LPs?

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Musings on Markets

JANUARY 9, 2021

If you are comparing across companies in these sectors, that may not be an issue, but if you are valuing companies and want to find a target value for margins or accounting returns, you will be better served using my archived values for these variables from 2019.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Equilest

MARCH 17, 2022

Strictly speaking, the result to be taken into account should be the free cash flow generated by the company, i.e. the cash flow actually available to a buyer to repay acquisition debt, through the distribution of dividends: this is the DCF method (for Discounted Cash-Flows), which is detailed below. RCAI, RN, CIF.

Business Valuation 40

Business Valuation EBIT Discounted Cash Flow EBITDA 40

Musings on Markets

OCTOBER 25, 2022

An intuitive reading of the FCFE is that it is cash available to be returned to equity investors, either in the form of dividends or as cash buybacks. It is the rare firm that follows a residual cash policy, returning its FCFE every year as dividends and/or buybacks.

Dividends 107

Dividends EBITDA Equity Start-ups 107

Benzinga

JANUARY 7, 2025

NASDAQ: PYCR ) in an all-cash transaction representing an enterprise value of around $4.1 Paychex plans to maintain its dividend policy and strong balance sheet, with committed financing in place for the. (NASDAQ: PAYX ) shares are trading higher on Tuesday after the company disclosed a deal to fully acquire Paycor HCM, Inc.

Enterprise Value 52

Enterprise Value Dividends Finance Equity 52

Musings on Markets

FEBRUARY 4, 2023

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

Start-ups 100

Start-ups Market Capitalization Equity Marketability 100

Brian DeChesare

NOVEMBER 20, 2024

Growth Equity Interview Questions: Technical Concepts As with private equity interviews , they could potentially ask you about anything: Accounting , equity value and enterprise value , valuation and DCF analysis , and even merger models and LBO models. Explain how the Equity Value, Enterprise Value, and ownership change.

Equity 59

Equity Enterprise Value Start-ups Marketability 59

Benzinga

JANUARY 14, 2025

d/b/a H&E Rentals (NASDAQ: HEES ) ("H&E") today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 Notably, the transaction will not impact the company's current dividend program.

Net Debt 40

Net Debt EBITDA Net Present Value Enterprise Value 40