Musings on Markets

MAY 20, 2022

In my last post , I discussed how inflation's return has changed the calculus for investors, looking at how inflation affects returns on different asset classes, and tracing out the consequences for equity values, in the aggregate.

Price to Book 102

Price to Book Dividends Beta Equity 102

Valutico

OCTOBER 20, 2022

Discount the Terminal Value. . Add up all the figures you have to arrive at the Net Present Value. Depending on the exact methodology and discount rate used, this could be the Enterprise Value or Equity Value. DCF is widely used in valuing companies, and it is used widely in valuing stocks as well.

Discounted Cash Flow 52

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

Musings on Markets

JANUARY 9, 2021

The conventional approach to measuring this premium is looking at past returns on stocks and treasuries (or something close to riskfree) and measuring the difference in historical returns and I report the updated levels (through 2020) for historical premiums for stocks over treasuries in this dataset.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Musings on Markets

JULY 24, 2024

We computed EV to EBITDA multiples, based upon aggregate enterprise value and EBITDA, by country, in July 2024, and the results are captured in the figure below: Source: Raw data from S&P Capital IQ The results are mixed.

Risk Premium 75

Risk Premium Equity Start-ups EBITDA 75

Musings on Markets

FEBRUARY 6, 2025

Thus, if the US treasury bond rate (4.5%) is the riskfree rate in US dollars, and the expected inflation rates in US dollars and Brazilian reals are 2.5% Thus, if the US treasury bond rate (4.5%) is the riskfree rate in US dollars, and the expected inflation rates in US dollars and Brazilian reals are 2.5%

Risk Premium 67

Risk Premium Start-ups Enterprise Value Equity 67

Global Finance

APRIL 5, 2025

billion), driven by record fee income from wealth management, higher treasury customer sales, and increased trading volume. This highlights the banks ability to capitalize on market opportunities and deliver value to its stakeholders, positioning it for sustained growth and regional leadership. TM Best Equity Banks 2025 Global J.P.

Banking 52

Banking Equity Market Capitalization Marketability 52