Value Scope

JULY 21, 2020

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. First, on December 17th, 2019, SEC Commissioner Hester Peirce went on live television to call for greater oversight of how ESG is used by companies and the investment community. “The Adjustments to Beta can accomplish this.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

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 103

Price to Book Dividends Beta Equity 103

Brian DeChesare

SEPTEMBER 13, 2023

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.”

Equity 103

Equity Banking EBITDA Start-ups 103

Andrew Stolz

MARCH 20, 2020

This is a Valuation Master Class student essay by Teeradon Piyakiattisuk from March 19, 2019. A firm uses a mix of equity and debt to minimize the cost of capital. A firm uses a mix of equity and debt to minimize the cost of capital. The popular method to find the cost of equity is the Capital Asset Pricing Model (CAPM).

Beta 52

Beta Risk-free Rate Capital Structure Weighted Average Cost of Capital 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. Beta & Risk 1. Return on Equity 1. Equity Risk Premiums 2.

Dividends 106

Dividends Risk Premium Equity Book Value 106

Andrew Stolz

FEBRUARY 4, 2022

In 2019, Terex sold its crane business. In 3Q21, its net debt-to-equity ratio stood at 0.3x, compared to 0.6x The company is characterized by a strong efficiency, which also boosts future return on equity. The company is highly cyclical reflected in the above-average beta of 1.25x. Ratios – Terex Corporation.

Start-ups 52

Start-ups Net Debt Beta Equity 52

Brian DeChesare

JULY 27, 2022

Anyone who’s ever traded stocks can understand long/short equity , and even simple global macro trades are easy to explain to the average person. To simplify, we can say that credit hedge funds operate in three main areas: Long/Short Credit – It’s similar to long/short equity , but with bonds rather than stocks. See the example above.

Equity 52

Equity Start-ups Private Equity Firm Beta 52