Harvard Corporate Governance

OCTOBER 22, 2024

Fair value transfer is the aggregate grant date fair value of all long-term incentive awards granted during a given year as a percentage of company market capitalization value at grant and as a percent of revenue. Overhang, measured based on potential share dilution as well as the fair value of outstanding grants.

Market Capitalization 144

Market Capitalization Equity Marketability 144

Harvard Corporate Governance

APRIL 16, 2024

The A share market is the second largest in the world in terms of total market capitalization, trailing only the US equity markets. The number of listed firms has been growing since then, with more than 5,000 firms now listed in the two exchanges and the newly established Beijing Stock Exchange.

Marketability 157

Marketability Finance Market Capitalization Banking 157

Musings on Markets

FEBRUARY 8, 2024

First, let's look at the performance of these seven stocks in 2023, when their collective market capitalization increased by a staggering $5.1 In terms of dollar value added, Microsoft and Apple each added a trillion dollars to their market capitalizations, during the year. trillion during the course of the year.

Marketability 139

Marketability Market Capitalization Start-ups Equity 139

Musings on Markets

JULY 17, 2023

While this may seem perverse, the first step in understanding and assessing where we are in markets now is to go back and examine where things stood then. trillion in market value in the first six months in the year , but the severity of last year's decline has still left them $14.4 US Equities in 2023: Into the Weeds!

Marketability 98

Marketability Risk Premium Start-ups Treasury 98

Global Finance

JUNE 18, 2024

Several of the domestic companies looking to IPO this year are global private-equity backed where early investors are looking to cash out. In the second half of 2023 the Indian equity market crossed the $4 trillion mark and is currently valued at $4.9

Marketability 105

Marketability Equity Start-ups Banking 105

Musings on Markets

FEBRUARY 12, 2022

In the midst of all the action, to no one's surprise, have been six stocks (Facebook, Amazon, Netflix, Google, Apple and Microsoft or FANGAM) that have largely driven US equities for the last decade, roiling the market with their most recent earnings reports.

Market Capitalization 103

Market Capitalization Equity Marketability Start-ups 103

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

Reynolds Holding

OCTOBER 21, 2024

What GameStop put on display was how much has changed—in technology and business models—since 2005 when we last comprehensively updated our equity market rules. The markets have moved to overwhelmingly trade electronically, with transaction volume in listed equities tripling in the last 17 years. [3]

Equity 45

Equity Marketability Start-ups Treasury 45

Musings on Markets

JANUARY 17, 2024

Heading into 2023, US equities looked like they were heading into a sea of troubles, with inflation out of control and a recession on the horizon. Energy, one of the few survivors of the 2022 market sell-off, had a bad year, as did utilities and consumer staples. increase in market capitalization.

Risk Premium 79

Risk Premium Start-ups Equity Treasury 79

Global Finance

OCTOBER 7, 2024

Benchmark tech analyst Cody Acree argues that a private equity firm like Apollo is a better fit for struggling Intel. Intel’s market share continues to decline. Its stock price has plummeted 60% this year and its market capitalization fell below $100 billion in early August: the first time that has happened since 2012.

Private Equity Firm 93

Private Equity Firm Finance Market Capitalization Marketability 93

Musings on Markets

MARCH 25, 2021

The first quarter of 2021 has been, for the most part, a good time for equity markets, but there have been surprises. The arrival of the COVID in February 2020, and the ensuing market meltdown, causing treasury rates to plummet across the spectrum, with three-month T.bill rates dropping from 1.5%

Equity 52

Equity Risk-free Rate Treasury Start-ups 52

Musings on Markets

OCTOBER 12, 2023

The effect of impact investing in the inclusionary and exclusionary paths is through the stock price , with the buying (selling) in inclusionary (exclusionary) investing pushing stock prices up (down), which, in turn, decreases (increases) the costs of equity and capital at these firms.

Market Capitalization 103

Market Capitalization Enterprise Value Start-ups Marketability 103

Benzinga

AUGUST 18, 2023

The combined company will have a pro forma equity market capitalization of. Regency Centers Corp (NASDAQ: REG ) disclosed the completion of the acquisition of Urstadt Biddle Properties Inc. In May, the company announced an all-stock transaction for around $1.4 Full story available on Benzinga.com

Enterprise Value 52

Enterprise Value Market Capitalization Equity Marketability 52

Value Scope

NOVEMBER 3, 2023

The Value of X X, formerly Twitter, is now valued at $19 billion, according to the company’s employee equity compensation plan. Blackberry, the once dominant player in the smartphone market, failed to adapt to the evolution of touchscreen technology and app ecosystem in favor of physical keyboards and its web browser.

Business Valuation 130

Business Valuation Start-ups Market Capitalization Marketability 130

Musings on Markets

MAY 7, 2023

In this post, I will begin by looking at how to value banks and follow up with an examination of investor views of banking have changed, by looking at pricing, before examining divergences in how banks are priced in the market today. All Equity, All the time!

Banking 82

Banking Price to Book Dividends Book Value 82

Auto Dealer Valuation Insights

OCTOBER 12, 2022

Since then, market capitalizations have stagnated. Yet, the reality is that equity returns are soaring on a wave of cash flow right now. While other industries have had stagnant to negative returns, the oil patch has outperformed them all, as I highlighted earlier this summer. Operational cash flow for the sector was at.

Market Capitalization 52

Market Capitalization Equity Marketability 52

Musings on Markets

MAY 5, 2023

The overarching questions for us all are whether this crisis will spread to the rest of the economy and market, as it did in 2008, and how banking as a business, at least in the US, will be reshaped by this crisis, and while I am more a dabbler than an expert in banking, I am going to try answering those questions.

Banking 97

Banking Equity Start-ups Treasury 97

Benzinga

AUGUST 21, 2024

Chubb is one of the world's largest providers of property and casualty (P&C) insurance and reinsurance and the largest publicly traded P&C insurer based on a market capitalization of $108.5 Return on equity in the trailing 12 months was 15.8%, better than the industry average of 8%.

Market Capitalization 52

Market Capitalization Equity Finance Marketability 52

Musings on Markets

OCTOBER 6, 2023

In this post, I will look at another initial public offering, Birkenstock, that is likely to get more attention in the next few weeks, given that it is targeting to go public at a pricing of about €8 billion, for its equity, in a few weeks.

Intangible Assets 125

Intangible Assets Book Value Equity Start-ups 125

Valutico

JANUARY 17, 2023

The company has a leading position in the Southeast Asian market with their e-commerce platform Shoppee and their gaming offers by Garena. Sea currently has a market capitalization of $29.8 by using the Discounted Cash Flow method, specifically our Flow-to-Equity approach, as well as a Trading Comparables analysis.

Discounted Cash Flow 52

Discounted Cash Flow Market Capitalization Equity Start-ups 52

Musings on Markets

FEBRUARY 27, 2022

After paying taxes on this income, the residual amount represents net income, the final measure of equity earnings, and the basis for computing earnings per share and other widely used measures of profitability used by equity investors.

Start-ups 98

Start-ups Equity Book Value Marketability 98

Reynolds Holding

MAY 22, 2022

Pill Trigger Thresholds Should Be Assessed Against Market Capitalization. The absence of an inverse correlation between market capitalization and trigger threshold is peculiar; in today’s world, what is relevant is the dollar stake an activist can acquire, not the threshold percentage. 5 billion market capitalization).

Market Capitalization 75

Market Capitalization Marketability Equity 75

Musings on Markets

NOVEMBER 9, 2021

The graph below contains Tesla's stock price, adjusted for stock splits, going back to 2010, and ending in November 2021: While the graph illustrates the surge in the stock price, the table embedded in the graph conveys the rise more vividly, by listing Tesla's market capitalization in millions of dollars. for mature markets.

Start-ups 101

Start-ups Dividends Marketability Market Capitalization 101

Global Finance

OCTOBER 25, 2024

Of this total, $930 billion is invested in equities while the remainder is allocated to debt and hybrid instruments. Currently, FPI equity holdings account for 16.4% of India’s total market capitalization. trillion as of September, according to data from the National Securities Depository.

Equity 52

Equity Market Capitalization Banking Marketability 52

Valutico

JULY 1, 2021

Earlier this month British grocer Morrisons rejected a £5.5bn takeover bid by US Private Equity firm Clayton, Dubilier & Rice. With the offer being just at the current market cap, could there be a case to support this claim and justify a higher valuation? link to the valuation ).

Private Equity Firm 52

Private Equity Firm Market Capitalization Equity Marketability 52

Benzinga

SEPTEMBER 3, 2024

With a market capitalization of $4.8 Return on equity in the trailing 12 months is currently 31.7%, which is higher than the industry's average of 20.9%. Shares of Euronet Worldwide, Inc. NASDAQ: EEFT ) have gained 23.6% in the past year compared with the industry's 21.6%

Market Capitalization 52

Market Capitalization Equity Marketability 52

Valutico

JULY 3, 2023

Comparable companies are companies that operate in the same industry or market and have similar financial metrics, such as revenue, earnings, and market capitalization. Selecting Peer Companies Based on Size Size and market capitalization are important criteria in selecting comparable companies.

Market Capitalization 52

Market Capitalization Marketability Comparable Company Analysis EBIT 52

Valutico

NOVEMBER 28, 2022

Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. Currently the company is trading at CHF 30 per share with a market capitalization of CHF 56.1 billion using a Cost of Equity of 7.1%. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. Currently the company is trading at CHF 30 per share with a market capitalization of CHF 56.1 billion using a Cost of Equity of 7.1%. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Musings on Markets

SEPTEMBER 9, 2024

While management decisions have clearly contributed to the problems, it is also true that the pharmacy business, which forms Walgreen's core, has deteriorated over the last two years, and that can be seen by comparing its market performance to CVS, its highest profile competitor.

Start-ups 132

Start-ups Marketability Market Capitalization Equity 132

Valutico

OCTOBER 17, 2022

This led to a market cap of €78 billion after the IPO, which is higher than the current market capitalization of its parent company Volkswagen AG (€72 billion). . We have performed a Trading Comparables analysis and a discounted cash flow using the Flow to Equity Approach. per share, the top end of its target range.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Reynolds Holding

AUGUST 31, 2023

This update discusses shareholder activism activity involving NYSE- and Nasdaq- listed companies with equity market capitalizations in excess of $1 billion and below $100 billion (as of the last date of trading in 2022) during 2022. Announced shareholder activist activity increased relative to 2021.

Market Capitalization 52

Market Capitalization Equity Marketability 52

Valutico

FEBRUARY 8, 2023

by using the Discounted Cash Flow method, specifically our Flow-to-Equity approach, as well as a Trading Comparables analysis. The Flow-to-Equity analysis produced a value of $308 billion using a Cost of Equity of 9.2%. For our Trading Comparables we selected similar peers such as Mastercard, PayPal and American Express.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

RNC

JULY 2, 2024

This evaluation is pivotal because it dictates the terms of investment, directly influencing how much equity (ownership) a founder must relinquish in exchange for funding from the Sharks. Conversely, a lower valuation may require founders to give up more equity.

Business Valuation 52

Business Valuation Dividends Discounted Cash Flow Price to Earnings 52

Reynolds Holding

JULY 10, 2022

In standard public equity securities, even the most naïve investor is protected, first, by the market price – you pay only for what you get – and, second, by the comfort that nothing else is required of an individual investor to realize the full value of the security. securities markets – not SPACs.

Treasury 99

Treasury Marketability Equity Market Capitalization 99

Benzinga

DECEMBER 29, 2023

Wainwright notes that the inclination suggests a strategic opportunity for GSK to consider Verona Pharma Plc (NASDAQ: VRNA ) as a potential acquisition target, with a market capitalization of approximately $1.6 billion, which presents an attractive prospect. Full story available on Benzinga.com

Market Capitalization 59

Market Capitalization Marketability Equity 59

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups 105

Start-ups Market Capitalization Marketability Dividends 105