Andrew Stolz

JANUARY 19, 2022

Price pressures make it almost impossible to return to a gross margin of 36-38% that it achieved between 2015-2019. Launched in 2019, EasyJet established its digital platform that offers the booking of travel packages including accommodation. Its closest competitors continue to scale up by competing on prices as well.

Start-ups 52

Start-ups EBIT Equity Business Valuation 52

Andrew Stolz

JANUARY 16, 2022

We expect that the dividend yield over the near-term to range between 5-6% like in 2019 and 2020. EBIT margin expansion in 22E probably only short-lived. Going forward, we see the EBIT margin to range between 7-8%. Ratios – Kohl’s. After the revenue rebound in 22E, we assume revenue growth to normalize.

Dividends 52

Dividends EBIT Marketability Business Valuation 52

Valutico

SEPTEMBER 19, 2022

A useful tip is to check for consistency between the forecast margins and historical margins—EBITDA margin, EBIT margin, and Net Income margin. Hockey stick-like growth in your DCF projections may indicate these projections are not realistic.

Business Valuation 78

Business Valuation EBITDA EBIT Discounted Cash Flow 78

Andrew Stolz

NOVEMBER 28, 2021

It will be a challenge for the company to drive its EBIT margin to the industry average of 7-9%. CAPEX is likely to stay much lower than 2017 to 2019 level. Tata has been among the worst profitable car companies in the past years. The company has relatively high leverage. Free cash flow – Tata Motors. Value estimate – Tata Motors.

Dividends 52

Dividends EBIT Equity Business Valuation 52

Reynolds Holding

NOVEMBER 9, 2023

We delve into a large sample of executive performance equity grants made to 6,947 executives in 841 S&P 1500 firms with available vesting details and executive compensation data between 2006 and 2019. The number of granting firms, performance equity grants, and executives receiving a grant increase almost steadily over sample years.

Equity 52

Equity EBITDA EBIT Marketability 52

Musings on Markets

JANUARY 5, 2024

Thus, I have treated leases as debt in computing debt ratios all through the decades that I have been computing this statistic, even though accounting rules did not do so until 2019, and capitalized R&D, even though accounting has not made that judgment yet. EBIT & EBITDA multiple s 5. Standard Deviation in Equity/Firm Value 2.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Valutico

DECEMBER 27, 2022

In 2019 the Pentagon gave a cloud computing contract to Microsoft. The Trading Comparables analysis resulted in a valuation range of $174 billion to $391 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. 9 Billion Pentagon Deal.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52

Valutico

DECEMBER 27, 2022

In 2019 the Pentagon gave a cloud computing contract to Microsoft. The Trading Comparables analysis resulted in a valuation range of $174 billion to $391 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. 9 Billion Pentagon Deal.

Discounted Cash Flow 52

Discounted Cash Flow EBIT EBITDA Market Capitalization 52