Musings on Markets

MARCH 19, 2022

The Lead In To understand the market effects of the Russia-Ukraine conflict, we need to start with an assessment of the two countries, and their places in the global political, economic and market landscape, leading in.

Start-ups 100

Start-ups Risk Premium Equity Market Capitalization 100

Valutico

JANUARY 3, 2024

Today, Visa has emerged as a global payments technology company that facilitates money movement and transactions across more than 200 countries and territories through VisaNet. billion (up 11% y-o-y) and GAAP net income of $17.3 billion (up 15% y-o-y). became a publicly traded corporation in 2008.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Start-ups Banking 52

Musings on Markets

MAY 20, 2022

Historical Data: 1930-2019 To see how this framework works in practice, let's start by looking at the performance of US stocks, across the decades, and look at the returns on stocks, broadly categorized based on market capitalization and price to book ratios.

Price to Book 96

Price to Book Dividends Beta Equity 96

Musings on Markets

FEBRUARY 27, 2023

That may reflect the concern that once a person or entity starts borrowing to fund its needs, it is easy to overuse debt, and risk its wellbeing in the process. In fact, that may explain why firms that trade at low EV to EBITDA multiples are more likely to become targets in leveraged buyouts (LBOs) or leveraged recapitalizations.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

NOVEMBER 15, 2022

In my first two posts on Facebook, I noted that its most recent earnings report, and the market reaction to it, offers an opportunity for us to talk about bigger issues. Why stories matter in a numbers world If you are a numbers valuation, you start with some advantages.

Start-ups 90

Start-ups Marketability Market Capitalization Technology 90

Musings on Markets

FEBRUARY 27, 2022

In this post, I will look at corporate profitability, in all its different dimensions, and how companies across the globe, and across industries, measured up in the most recent years. In 2021, companies recovered entirely from the damage done in 2021, at least in the aggregate, with earnings in 2021 higher than 2019 earnings, by almost 33%.

Start-ups 80

Start-ups Equity Book Value Marketability 80

Musings on Markets

JANUARY 6, 2023

In my last post, I talked about the ritual that I go through every year ahead of my teaching each spring, and in this one, I will start on the first of a series of posts that I make at the start of each year, where I look at data, both macro and company-level. That is not true!

Risk Premium 52

Risk Premium Dividends EBITDA Start-ups 52