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

Brian DeChesare

OCTOBER 30, 2024

Treasury is more important in an industry like commercial banking ( FIG ) than in industrials or consumer/retail because banks constantly issue Debt and Equity and change their Dividend and Stock Repurchase policies to comply with regulatory capital requirements. The key questions that corporate finance teams answer also vary.

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Andrew Stolz

MAY 8, 2020

In reference to Aswath Damodaran’s book “The Dark Side of Valuation Valuing Young Distressed and Complex Businesses,” it mentions that a declining company usually possesses the following five characteristics: (1) Stagnant or declining revenue. (2) 4) Big payouts – dividends and stock buyback. (5) 3) Asset divestitures. (4)

Discounted Cash Flow 52

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

Benzinga

SEPTEMBER 6, 2023

Net operating income attributable to common shareholders is a non-IFRS measure which represents the net income attributable to shareholders, excluding the after-tax impact of non-operating results, net of net income (loss) attributable to non-controlling interests (non-operating component), preferred share dividends and other equity distributions.

Discounted Cash Flow 40

Discounted Cash Flow Net Present Value Book Value Dividends 40

Class VI Partner

JULY 28, 2021

Discount Rate Discount Rate refers to the rate at which a stream of future cash flows is discounted to determine Net Present Value. Preferred Equity Preferred Equity represents equity in a company that has a liquidation preference over Common Equity and will often have a dividend payment.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Musings on Markets

MARCH 5, 2025

I also look at a clear and discernible shift away from dividends to stock buybacks, especially in the US, and examine both good and bad reasons for this shift. Some of that cash will be held back in the company as a cash balance, but the balance can be returned either as dividends or in buybacks.

Dividends 52

Dividends Start-ups Equity Corporate Finance 52

Reynolds Holding

MARCH 24, 2025

The higher the discount rate, the lower the net present value of future benefits. Because the value of a share represents the sum of future dividends, stretching the time horizon farther into the future maximizes share value to the benefit of all stockholders.

Net Present Value 45

Net Present Value Dividends Marketability 45