Brian DeChesare

OCTOBER 30, 2024

But I want to be fair, so I will present their positives and negatives here. Expect the usual mix of behavioral/fit questions and technical questions, but the technical ones will focus on accounting and concepts like the breakeven formula , net present value , journal entries, capital structure, and hedging.

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Andrew Stolz

AUGUST 6, 2020

The net present value of an asset (NPV). Calculating net present value or discounted cash flows helps the firm know exactly how much excess return the future cash outflows or inflows used or generated from an asset/ project is worth now. What Impacts Capital Budgeting? The internal rate of return (IRR).

Net Present Value 52

Net Present Value Discounted Cash Flow Firm Value Business Valuation 52

The Mentor Group

SEPTEMBER 1, 2022

In valuing this right, we calculate the net present value of the future cash flows, less the costs to liquidate, that would accrue to the beneficiary. The maximum policy value is the higher of the present value of cash flows or the present value of the death benefit.

Net Present Value 40

Net Present Value 40

Benzinga

JUNE 14, 2024

The prefeasibility study projected a net present value (NPV) of US$493 million at a 5% discount rate and an internal rate of return (IRR) of 33.5% based on a gold price of US$1,950 per ounce (gold was US$2,354.82 on Thursday).

Treasury 59

Treasury Net Present Value Marketability 59

Reynolds Holding

SEPTEMBER 30, 2022

Overinvestment, by contrast, is related to excess free cash flows that managers allocate to negative net-present-value projects to derive personal benefits from enlarging the firm (e.g., This leads to underinvestment. power, status, bonuses).

Net Present Value 89

Net Present Value Finance Marketability 89

Andrew Stolz

AUGUST 6, 2020

There are 2 main ways to value stocks: absolute and relative valuation. . Absolute valuation is a method to calculate the present worth of businesses by forecasting their future income streams. The DCF method asks you to discount all the future cash flows of the company to the present value. .

Discounted Cash Flow 52

Discounted Cash Flow Dividends Price to Earnings Net Present Value 52

Reynolds Holding

OCTOBER 9, 2022

Second, managers acting on behalf of shareholders might reject projects with positive net present values if they feel that most of gains will flow to debtholders. This issue is often referred to as the asset substitution problem, in which riskier assets are swapped for safer ones.

Net Present Value 81

Net Present Value Marketability Firm Value Equity 81

Reynolds Holding

APRIL 25, 2023

In business schools, managers are taught to maximize the net present value (NPV) of future cash flows. In the real world, managers consistently ignore this advice. When asked, they repeatedly say they maximize earnings per share (EPS).

Net Present Value 45

Net Present Value Corporate Finance Finance Equity 45

Benzinga

MAY 26, 2022

New York , May 26, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: Sigma Lithium announces integrated Phase 1 & 2 technical report with post-tax net present value of $5.1B

Technology 40

Technology Net Present Value Marketability 40

Value Scope

JULY 21, 2020

How do you justify making substantial investments and fundamental changes to corporate structures and culture without empirical evidence that it will make a direct impact on shareholder value, total shareholder return, net present value, and individual rates of return? Do ESG programs impact firm value?

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

BV Specialists

JANUARY 3, 2022

Under a “Capitalization of Earnings” approach, the appraiser will consider both historic and future income probability, based on a steady stream of revenue, and discount these streams to realize a net present value, while using appropriate rates of capitalization. Market Approach. >The

Appraisal 52

Appraisal Liquidation Value Net Present Value Intangible Assets 52

Andrew Stolz

MAY 8, 2020

Quoted from Wall Street Oasis.com, it describes discounted cash flow (DCF) process by estimating the total value of all future cash flows (both inflow and outflow), and then discounting them (usually using Weighted Average Cost of Capital – WACC ) to find a present value of the cash flow.

Discounted Cash Flow 52

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

ThomsonReuters

MARCH 28, 2023

The measurable business benefits of ONESOURCE To quantify the system’s benefits, Forrester calculated the present value (PV) of return after three years of operation. million over three years versus costs of $783,000, adding up to a net present value (NPV) of $661,000.

Compliance 59

Compliance Net Present Value Finance Technology 59

Benzinga

DECEMBER 8, 2022

million net of transaction-related tax benefits worth approximately $27.1 million on a net present value basis. We could not be more excited to welcome the entire team into the DLH family.". GRSi was purchased for $185.0 million, or $157.9 The purchase price includes $178.0 million of cash and $7.0 million of equity.

Technology 40

Technology Net Present Value Finance Equity 40

Reynolds Holding

MAY 17, 2022

Fourth, SCA can reduce management incentives to undertake positive net present value (NPV) investments that are innovative but risky and increase the difficulty of attracting and retaining high-caliber outside directors.

Net Present Value 89

Net Present Value Marketability Finance 89

Reynolds Holding

NOVEMBER 27, 2022

While fraud on the market is available to defrauded traders in Rule 10b-5 or Rule 180.1 cases involving an exchange-traded crypto asset, to be able to avail themselves of the doctrine in a given case traders must establish its elements, including the general efficiency of the at-issue crypto asset’s price.

Marketability 56

Marketability Discounted Cash Flow Net Present Value 56

Reynolds Holding

APRIL 17, 2022

Managers who anticipate these agency problems won’t invest in a moonshot even if they believe it has a positive net present value. The second is a motivation problem : Managers can’t give their employees the right incentives to bring the technology to market.

Technology 85

Technology Net Present Value Finance Equity 85

Valutico

FEBRUARY 27, 2024

This helps investors compare options and pick the ones that give the best value today based on what they expect to get back in the future. Key takeaways: The discount rate is primarily used by central banks to manage the economy and investors to calculate the present value of future cash flows from an investment.

Discounted Cash Flow 52

Discounted Cash Flow Risk Premium Risk-free Rate Beta 52

Benzinga

FEBRUARY 8, 2023

Additionally, Post expects the transaction to result in a tax benefit to Post with a net present value of approximately $120 million. A slide presentation will also be available at the same location on Post's website. One-time costs to achieve synergies are estimated to be approximately $75 million.

Net Present Value 40

Net Present Value EBITDA Capital Structure 40

Benzinga

NOVEMBER 9, 2022

As a reminder, the pre-tax net present value ("NPV") based on a US$ 1,650/oz gold price and a 5% discount rate (NPV5%) is $199 million. The new group will lead the construction and expansion of the Kiniero mine that is expected to produce 110koz of gold on average per year over the Life of Mine.

Net Present Value 40

Net Present Value Start-ups Marketability 40

Valutico

OCTOBER 20, 2022

It’s also used for calculating a company’s share price, the value of investments, projects, and for budgeting. The DCF method takes the value of the company to be equal to all future cash flows of that business, discounted to a present value by using an appropriate discount rate. Explaining The Terminal Value.

Discounted Cash Flow 52

Discounted Cash Flow Terminal Value Weighted Average Cost of Capital 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

Equilest

MAY 24, 2023

Income-Based Valuation Income-based valuation methods focus on the present value of the expected future cash flows generated by a business. The most widely used approach is the Discounted Cash Flow (DCF) analysis, which calculates the present value of projected cash flows by applying a discount rate.

Business Valuation 40

Business Valuation Discounted Cash Flow Comparable Company Analysis Net Present Value 40

Reynolds Holding

OCTOBER 24, 2022

One is that socially conscious investors are willing to trade wealth for societal benefits, which translates to a positive premium, or lower yields, for green securities.

Net Present Value 45

Net Present Value Marketability Equity Finance 45

Valutico

MAY 6, 2024

These methods, such as the Discounted Cash Flow (DCF) analysis, estimate the present value of expected future cash flows generated by the business and directly link valuation to the underlying financial performance of the enterprise. The future cash flows are then discounted back to their present value using a discount rate.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52

Benzinga

JUNE 13, 2022

US$315m after-tax net present value at a 5% discount rate 2. Total gold production of 1.0 million ounces over an 8-year mine life 1. Initial capital of US$190 million. Average annual free cash flow of US$98 million over the first 4 years 2. 44% after-tax internal rate of return 2. Proven and probable reserve estimate of 1.6

Net Present Value 40

Net Present Value Finance Equity 40

Reynolds Holding

JULY 26, 2023

From the perspective of shareholders, the costs of PfP include limiting banks’ appetite for pursuing risky but positive net present value projects (such as real estate lending) and foregoing the benefits of specialization.

Banking 40

Banking Equity Net Present Value Systematic Risk 40

Class VI Partner

JULY 28, 2021

Book The “Book” in mergers and acquisitions refers to a detailed presentation about a business for sale, including information on its financials, sales, operations, employees, management, and other important information. This “Book” is typically presented to potential buyers to solicit interest in a business for sale.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Auto Dealer Valuation Insights

JANUARY 14, 2025

When evaluating capital projects, important tools such as net present value analysis, internal rate of return, and other quantitative analyses are utilized. Reinvesting in the company to drive future growth is certainly one way family businesses attempt to attain this goal.

Net Present Value 52

Net Present Value 52

Reynolds Holding

MARCH 24, 2025

The higher the discount rate, the lower the net present value of future benefits. Lowering the discount rate drives up the present value of future benefits and thus provides an incentive for green investment. At first glance, this might appear attractive. Cost of capital for green firms would be lowered.

Net Present Value 45

Net Present Value Dividends Marketability 45

Value Scope

SEPTEMBER 24, 2020

How do you justify making substantial investments and fundamental changes to corporate structures and culture without empirical evidence that it will make a direct impact on shareholder value, total shareholder return, net present value, and individual rates of return? . Do ESG programs impact firm value?

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130

Benzinga

JANUARY 14, 2025

adjusted EBITDA including $130 million of targeted cost synergies and the net present value of tax attributes estimated at approximately $54 million. Strong Financial Rationale The purchase price of approximately $4.8 billion represents a multiple of 6.9x adjusted EBITDA for the trailing 12 months ended September 30, 2024, or 5.8x

Net Debt 40

Net Debt EBITDA Net Present Value Enterprise Value 40

Musings on Markets

MARCH 5, 2025

After reporting on the total cash returned during the year, by public companies, in the form of dividends and buybacks, I scale the cash returned to earnings (payout ratios) and to market cap (yield) and present the cross sectional distribution of both statistics across global companies.

Dividends 52

Dividends Start-ups Equity Corporate Finance 52