Andrew Stolz

JANUARY 16, 2022

Share repurchases and dividends. The dividend yield could return to 5% in 2022. Strong operating cash flow allows the company to pay out dividends which are in line with its pre-pandemic policy. We expect that the dividend yield over the near-term to range between 5-6% like in 2019 and 2020. Advancing ESG issues.

Dividends 52

Dividends EBIT Marketability Business Valuation 52

Musings on Markets

NOVEMBER 9, 2021

My two most recent valuations were in June 2019 and January 2020, and I am going to go back to them, not just because they are recent, but because they led to investment decisions on my part. In June 2019, Tesla had hit a rough spot, partly due to concerns about production bottlenecks and debt, and partly due to self inflicted wounds.

Start-ups 101

Start-ups Dividends Marketability Market Capitalization 101

Andrew Stolz

JANUARY 24, 2022

Strong years ahead lead to attractive dividend yields. Strong years ahead lead to attractive dividend yields. In 2019, Equinor introduced its share buyback program. I also expect a strong increase in dividends over next 3 years. The dividend yield could grow to a remarkable 4%+ in 23E. Conclusions.

Dividends 52

Dividends Start-ups Business Valuation Marketability 52

Andrew Stolz

FEBRUARY 8, 2022

broadband subscribers, which is an 85% increase compared to 2019. In 3Q21, it recorded 51m users, up 10x compared to 2019. In 2019 and 2020, Globe recognized more than PHP4bn equity loss from its investment in Mynt. Dividend payout is high which means it could continue to deliver a solid dividend yield of 3%+.

Start-ups 52

Start-ups Dividends Equity Marketability 52

Andrew Stolz

JANUARY 20, 2022

The company focus on a constant payout ratio of 30% for dividends. Enhanced profit prospects could lead to a juicy dividend yield of 3.3% LT-debt has tripled between 2019 and 2021. Attractive dividend yield adds additional return. Recovery of ROIC is one of the management’s top priority. It aims to get back to 8.5%

Dividends 52

Dividends Business Valuation 52

Benzinga

SEPTEMBER 12, 2022

– Net Proceeds are expected to be used for general corporate purposes including, but not limited to, additional debt repayment and dividend payments –. EBITDA multiple on 2019 results and a $455K per key valuation –. Price implies a blended 2.9% cap rate and 27.0x PHILADELPHIA, Sept.

Dividends 40

Dividends EBITDA Marketability 40

Andrew Stolz

MARCH 20, 2020

This is a Valuation Master Class student essay by Teeradon Piyakiattisuk from March 19, 2019. In the case of cost method, dividends are recorded separately as income in the profit and loss, whereas in the case of the equity method, dividends lower the investment value as dividends reduce the investee company’s equity.

Beta 52

Beta Risk-free Rate Capital Structure Weighted Average Cost of Capital 52

ThomsonReuters

JUNE 14, 2021

and Swiss governments agree on types of retirement plans exempt from withholding on dividends. Switzerland Tax Treaty, are eligible for an exemption from tax withholding on dividends that they receive, provided that all other requirements of the Treaty are satisfied. and Switzerland have announced the list of U.S. State and Local News.

Dividends 98

Dividends 98

Andrew Stolz

NOVEMBER 28, 2021

Given its losses over the past years, it did not pay out any dividends since 2016. We assume that there will be no dividends at least for the next 3 years. CAPEX is likely to stay much lower than 2017 to 2019 level. No dividend policy requires return generation from price. Cash flow – Tata Motors. Ratios – Tata Motors.

Dividends 52

Dividends EBIT Equity Business Valuation 52

Andrew Stolz

FEBRUARY 9, 2022

Dividend payout is high which means it could continue to deliver a solid dividend yield of 4%+. Negative FCFF in 2019 likely to be an exemption. High ROE and dividend yield make it an attractive play. Operating cash flows are not sufficient to fund growth internally yet. Ratios – PLDT. Free cash flow – PLDT.

Marketability 52

Marketability Dividends Start-ups Banking 52

ThomsonReuters

JUNE 12, 2025

It’s a decision that paid big dividends. Thomson Reuters achieved SAP’s Partner of the Year Award in 2025, is a two-time winner of the SAP Pinnacle Award (2010, 2019) and was the winner of the 2020 SAP Ariba and SAP Fieldglass Apex Award.

Compliance 52

Compliance Dividends Accounting Firms Technology 52

Brian DeChesare

JANUARY 3, 2024

Within equities , I started the year with many value-oriented, international, and high-dividend stocks. Cash now earns 4 – 5%, but that’s barely above the dividend yield on many stock indices. This result is disappointing because it ends my 4-year streak of matching or beating the market, and it’s all because of my bad decisions.

Marketability 59

Marketability Start-ups Equity Dividends 59

Musings on Markets

OCTOBER 12, 2023

Even when you are successful in dissuading these companies from "bad" investments, but may not be able to stop them from returning the cash to shareholders as dividends and buybacks, rather than making "good" investments. Over the last decade, some of private equity’s biggest players have invested well over $1.1

Market Capitalization 109

Market Capitalization Enterprise Value Start-ups Marketability 109

Valutico

MARCH 1, 2023

Furthermore, the company increased dividends by 10% and announced that it will buy back GBP 2.3 (USD In 2019, the company announced that it plans to reduce its oil and gas output by 40% by 2030. Since publishing these figures, BP’s share price has risen by more than 15%. billion worth of shares.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Valutico

NOVEMBER 14, 2022

This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. This strong financial performance is also reflected in the stock market as TotalEnergies is currently trading at €57 per share, which is a year-on-year increase of roughly 30%.

EBIT 52

EBIT Dividends Equity EBITDA 52

Valutico

NOVEMBER 14, 2022

This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. This strong financial performance is also reflected in the stock market as TotalEnergies is currently trading at €57 per share, which is a year-on-year increase of roughly 30%.

EBIT 52

EBIT Dividends Equity EBITDA 52

Reynolds Holding

AUGUST 2, 2023

2019) , for example, strong ESG performance correlates positively with higher equity returns and a reduction in downside risk. energy intensity classification) We first measure COE using an implied COE estimate that relies on residual income and dividend-discounting valuation models. Sussman (2019). Nuttall (2019).

Equity 40

Equity Specific Risk Equity Financing Dividends 40

Reynolds Holding

OCTOBER 10, 2022

trillion to buy back their shares, which is significantly more than these firms spent on dividend payments to their shareholders (Lazonick, Sakinç, and Hopkins, 2020). 2019) confirm this finding using more recent international data. Stock repurchases are popular. Between January 2009 and 2018, S&P 500 firms spent $4.3 Lazonick, W.,

Finance 56

Finance Marketability Dividends Corporate Finance 56

Reynolds Holding

SEPTEMBER 29, 2024

Similarly, if a 10% US shareholder sells stock in a CFC, gain that would be treated as a dividend under Section 1248 of the Code may benefit from the 100% dividends received deduction. Comment: The pre-CAMT FSNOL carryover applies only to FSNOLs arising in taxable years ending after December 31, 2019. trade or business.

Treasury 45

Treasury Dividends Start-ups Fair Market Value 45

Farrel Fritz

JANUARY 22, 2024

For one, stock dilution impairs the minority owner’s ability to influence company action by voting his shares, and it lessens the owner’s right to participate pari passu in the distributions or dividends of the company.

Equity 59

Equity Dividends Appraisal Marketability 59

ThomsonReuters

JANUARY 17, 2023

John was physically present in the United States for 120 days in each of the years 2019, 2020, and 2021. To determine if he meet s the substantial presence test for 2021, count the full 120 days of presence in 2021, 40 days in 2020 (1/3 of 120), and 20 days in 2019 (1/6 of 120). It is taxed at the same graduated rates as for a U.S.

Compliance 59

Compliance Dividends 59

Reynolds Holding

JULY 22, 2024

Nonetheless, SWW increased its dividend by 3.8% shortly after the incident despite a recent warning to water utility companies from the UK’s water regulator, Ofwat, against paying significant dividends to investors while failing to address consumer safety and environmental concerns.

Dividends 45

Dividends Marketability 45

Benzinga

DECEMBER 18, 2023

million ounces of Proven and Probable Reserves, which was discovered by Osino in 2019 and fast-tracked to the pre-construction stage within four years. 8 Financial capacity to fund development of Twin Hills and other growth initiatives from existing cash balances and future operating cash flows, while sustaining quarterly dividend.

Dividends 40

Dividends Finance Equity Marketability 40

Andrew Stolz

JANUARY 25, 2022

compared to 1x in 2019. Future cash flow proceeds serve debt repayments; don’t expect any dividends in near term. Refinery companies face high working cap requirements and fluctuating inventories. The company heavily increased its leverage during the pandemic. Debt-to-equity ratio in 2020 stood at 2.9x Ratios – PBF Energy.

Dividends 52

Dividends Compliance Equity Business Valuation 52

Musings on Markets

NOVEMBER 4, 2022

That would have left you lagging the 181% price appreciation that you would have earned on the S&P 500 during the period, and even more so, if you consider the fact that you would have earned no dividends on Facebook, while generating about a 2% dividend yield, every year on the index.

Start-ups 106

Start-ups Market Capitalization Marketability Dividends 106

Value Scout

DECEMBER 15, 2022

million shares for 14 cents per share in addition to interest and dividends. According to data published by Dealogic in Institutional Investor , “Deals involving public companies being taken private by private equity sponsors in 2019 were valued at $69.6 GE Credit Corporation purchased 2.3 billion, compared to $54.3

Equity 52

Equity Finance Dividends Compliance 52

Musings on Markets

MAY 6, 2022

Earnings Estimates : The strength of the economy has been a big contributor to boosting actual and expected earnings on companies in the last two years, and these higher earnings have translated into more cash returned in dividends and buybacks.

Risk Premium 103

Risk Premium Treasury Start-ups Equity 103

Farrel Fritz

JANUARY 2, 2024

The company and myself will work towards figuring out the most efficient method for repayment of the above, either through consultancy, and or dividend payments. If the company feels It does not need the second $50,000, the company has the right to do so and my equity will be diluted accordingly.

Equity 59

Equity Dividends 59

Global Finance

MAY 8, 2024

This was primarily based on revenue growth, which registered a heady 30% rise, allowing the bank to distribute its highest full-year dividend since 2008. Still, shareholders had reason to smile: In August, it announced an AU$1 billion share buyback and paid a final dividend of AU$2.40 billion after-tax profit versus $8.3

Banking 52

Banking Dividends Start-ups Finance 52

Musings on Markets

JUNE 17, 2025

The second is art , ranging from paintings from the masters to digital art (non-fungible tokens or NFTs), that presumably offers owners not just financial returns but emotional dividends. With hedge funds, the fading of excess returns over time has been chronicled. in the 1990s to 0.87 in the last decade.

Alpha 75

Alpha Equity Marketability Start-ups 75

Musings on Markets

AUGUST 25, 2023

Brooklyn Nets NBA 2019 $2.40 That appeal may be only to a subset of individuals, but these buyers want to own the asset more for the emotional dividends, not the cashflows. Chelsea Premier League 2022 $5.30 Denver Broncos NFL 2022 $4.70 Phoenix Suns NBA 2023 $4.00 Milwaukee Bucks NBA 2023 $3.50 New York Mets MLB 2020 $2.40

Start-ups 98

Start-ups Dividends Marketability Finance 98

Musings on Markets

FEBRUARY 27, 2022

In 2021, companies recovered entirely from the damage done in 2021, at least in the aggregate, with earnings in 2021 higher than 2019 earnings, by almost 33%. Not surprisingly, then, the net effect of growth will depend on how much is reinvested back, relative to what the company can harvest as future growth.

Start-ups 99

Start-ups Equity Book Value Marketability 99

Reynolds Holding

NOVEMBER 19, 2023

private and publicly listed firms (over 68,000 firm-year observations; 4,775 private and 5,040 public firms) from 1995 to 2019 using data from the Capital IQ database. Empirical Evidence To test the above three theories, we construct a comprehensive sample of U.S. Using a parametric approach following prior literature (e.g., Biddle et al.,

Finance 40

Finance Compliance Dividends Banking 40

Reynolds Holding

MARCH 28, 2022

Foundational cases involved company information like its determination to cut its dividend [27] and information about a company’s major mineral discovery. [28] 451 (2019), and January 2021 legislation concerning SEC disgorgement that is now codified at Section 21(d)(3)(A)(ii) of the Securities Exchange Act, 15 U.S.C.A. ENDNOTES. [1]

Marketability 64

Marketability Banking Data Analysis Dividends 64

Musings on Markets

NOVEMBER 15, 2022

Until TikTok recently supplanted it at the top, Facebook had the most intense user base of any social media platform, with users staying on the platform roughly an hour a day in 2019. 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 99

Start-ups Marketability Market Capitalization Technology 99

Musings on Markets

JANUARY 9, 2021

For instance, I have always computed the present value of lease commitments in future years and treated that value as debt, a practice that IFRS and GAAP have adopted in 2019, but that computation requires explicit disclosures of lease commitments in future years.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Reynolds Holding

JUNE 20, 2024

A nice benefit of going to T+1 is in the area of corporate actions, in that ex-dividend dates and record dates now are aligned on the same day. Family Finances from 2019 to 2022” (October 2023), Page 19, available at [link]. [2] Gilt markets settle in one day. [15] similar benefits. 12, 2001), Pages 9-10, available at [link]. [4]

Treasury 45

Treasury Start-ups Banking Equity 45