Andrew Stolz

JANUARY 12, 2022

Hyundai has fallen from one of the most profitable carmakers to below-average profitability in 2020. Book value is the value attributable to shareholders in case the company sells all its assets and repays its liabilities (also called liquidation value). The liabilities-to-assets ratio stood at 64% in 2020.

EBIT 52

EBIT Price to Book Liquidation Value Book Value 52

Value Scope

JANUARY 13, 2021

The Texas Supreme Court agreed to hear this case on September 17 th , 2020. Intrinsic Value” is what equity research analysts use when they look at public stocks and bonds. Liquidation Value” is used for distressed situations and can be forced or orderly. Walker Murray Randle, No. BlueStone Natural Resources II, LLC v.

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130

Value Scope

APRIL 9, 2021

This paper attempts to explain and distinguish between various valuation concepts, such as price, fair market value, fair value, liquidation value, intrinsic value, financial value versus strategic value, monetary versus economic value, emotional and psychic value, among others.

Fair Market Value 130

Fair Market Value Marketability Finance Intangible Assets 130

Value Scope

APRIL 9, 2021

This paper attempts to explain and distinguish between various valuation concepts, such as price, fair market value, fair value, liquidation value, intrinsic value, financial value versus strategic value, monetary versus economic value, emotional and psychic value, among others.

Fair Market Value 130

Fair Market Value Marketability Finance Intangible Assets 130

Value Scope

JANUARY 13, 2021

19-0459 The Texas Supreme Court agreed to hear this case on September 17 th , 2020. Intrinsic Value” is what equity research analysts use when they look at public stocks and bonds. Liquidation Value” is used for distressed situations and can be forced or orderly. Walker Murray Randle, No. Walker Murray Randle, No.

Fair Market Value 100

Fair Market Value Discounted Cash Flow Treasury Marketability 100

Musings on Markets

FEBRUARY 27, 2023

It is one reason that a banking focus on total assets and market value, when lending to a firm, can lead to dysfunctional lending and troubled banks. To the retort from some bankers that you can liquidate the assets and recover your loans, I have two responses.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

NOVEMBER 15, 2022

to online advertising; online advertising increased from less than 10% of total advertising in 2005 to close to 60% of total adverting in 2020. Amazon has also invested tens of billions in its other businesses, with its biggest payoff coming in the cloud business (notice a pattern here).

Start-ups 90

Start-ups Marketability Market Capitalization Technology 90