Musings on Markets

MAY 20, 2022

Inflation and Value When in doubt about how any action or information plays out in value, I find it useful to go back to value basics, and trace out the effects of that action/information on value drivers.

Price to Book 102

Price to Book Dividends Beta Equity 102

Reynolds Holding

AUGUST 2, 2022

Postponing an event that would wipe out the sponsor’s interest becomes paramount, even if the means to do so entail negative expected enterprise value and substantial litigation risk. Smith & Amir Sufi, Creditor Control Rights, Corporate Governance, and Firm Value , 25 Rev. 751 (2002). 1713 (2012); Greg Nini, David C.

Corporate Finance 64

Corporate Finance Equity Finance Enterprise Value 64

Musings on Markets

JANUARY 6, 2023

I also report on pricing statistics, again broken down by industry grouping, with equity (PE, Price to Book, Price to Sales) and enterprise value (EV/EBIT, EV/EBITDA, EV/Sales, EV/Invested Capital) multiples. Standard deviations in equity and firm value 4. Cost of Debt 2. Price to Book 3. Cost of Capital 3.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Brian DeChesare

SEPTEMBER 20, 2023

Venture Capital Interview Questions: Firms and Processes These questions are important in venture capital recruiting because firms value “fit” so much – if you haven’t researched the firm and its portfolio extensively, they’ll find out quickly.

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Musings on Markets

FEBRUARY 6, 2025

The second is the polar opposite on the pricing spectrum, which is the enterprise value to sales multiple, where rather than focus on just equity value, I look at operating asset value, and scale it to the broadest of operating metrics, which is revenue.

Risk Premium 67

Risk Premium Start-ups Enterprise Value Equity 67