Andrew Stolz

FEBRUARY 7, 2022

Massive dividend yield secured by strong cash generation. Radiant Opto-Electronics Corporation’s revenue breakdown 2020. Cash machine ensures consistent massive dividend yield. It consistently delivered strong FCFF that were more than sufficient to cover high dividends. Download the full report as a PDF.

Dividends

Brian DeChesare

JANUARY 4, 2023

Just look at the handy chart the Financial Times put together to see the horrifically bad numbers: In January 2022, everything seemed quite frothy, with mega-deals happening left and right and crypto and equity prices still at high levels. Real Estate (Equity Funds + Owned Properties): 15% [Up 5%]. 2020: +38%. Short-Term U.S.

Marketability

Reynolds Holding

OCTOBER 3, 2024

percent in 2020, the highest since the Great Depression. In a new paper , we explore the role of equity financing in supporting firms during the pandemic. In a new paper , we explore the role of equity financing in supporting firms during the pandemic. We find that there is merit in raising equity during an economic downturn.

Equity

Musings on Markets

SEPTEMBER 27, 2022

In a third post on July 1, 2022 , I pointed to inflation as a key culprit in the retreat of risk capital, i.e., capital invested in the riskiest segments of every market, and presented evidence of the impact on risk premiums (bond default spreads and equity risk premiums) in markets.

Risk Premium

Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Return on Equity 1. Dividends and Potential Dividends (FCFE) 1. Return on Equity 2.

Dividends

Musings on Markets

JANUARY 9, 2021

The second was that, starting mid-year in 2020, equity markets and the real economy moved in different directions, with the former rising on the expectations a post-virus future, and the latter languishing, as most of the world continued to operate with significant constraints.

Risk Premium

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. Between June 2019 and January 2020, the stock went on a tear, as the stock price more than tripled, and I revisited my Tesla valuation.

Start-ups

Benzinga

APRIL 26, 2023

Non-performing Assets were 0.14% of Total Assets at March 31, 2023 Common Equity Tier 1 and Tangible Common Equity Ratio of 12.16% and 7.63%, Respectively, at March 31, 2023 1 LAKEVILLE, Conn., Net Interest and Dividend Income Tax equivalent net interest income of $11.3 Capital Shareholders' equity increased $4.0

Dividends

Brian DeChesare

OCTOBER 12, 2022

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. Starting a private equity firm is a bad decision for ~95% of people who work in the finance industry. How Does It Work? Degrees such as an MBA or a Ph.D.

Private Equity Firm

Musings on Markets

JANUARY 20, 2021

With equities, the metric that has been in use the longest is the PE ratio, modified in recent years to the CAPE, where earnings are normalized (by averaging over time) and sometimes adjusted for inflation. You could compute default spreads for other maturities, and compute the price of risk over 1-year, 2-year, 3-year periods and so on.

Risk Premium

Reynolds Holding

AUGUST 2, 2023

trillion in 2020. trillion in 2020 from $22.8 2019) , for example, strong ESG performance correlates positively with higher equity returns and a reduction in downside risk. In a new paper, we address the impact of ESG ratings on a firm’s financial performance by studying how those ratings affect the cost of equity (COE).

Equity

ThomsonReuters

JULY 13, 2021

The Tax Equity and Fiscal Responsibility Act of 1982 and Interest and Dividend Compliance Act of 1983 requires payers to backup withhold tax from certain reportable payments. Beginning in tax year 2020, the IRS issued a new Form 1099-NEC for business taxpayers who receive nonemployee. e-filing rate estimated for 2021.

Dividends

Musings on Markets

MAY 6, 2022

Inflation: The Full Story I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation. Just as important, though, is the fact that variation in inflation, from year to year, was lower in 2011-2020 in every other decade, other than 1991-2000.

Risk Premium

Valutico

MARCH 28, 2023

As of now, UBS is offering a dividend of USD 0.55 per common stock, with a dividend yield of 2.70%. Share Price Performance Between February 2018 and February 2020, UBS saw a decline of over 35% in its share price due to weaker profits, which worsened during the pandemic. billion using a Cost of Equity of 7.9%.

Banking

Brian DeChesare

JANUARY 3, 2024

and far too little in equities. However, I still outperformed because I made small bets on risky assets that did extremely well and were meaningful percentages of my total assets: I bought Bitcoin for under $1,000 in 2013 and under $10,000 in 2020 and sold it for $30,000 to $50,000 in 2021 – 2022. I sold most of my U.S. Treasuries.

Marketability

Valutico

MARCH 20, 2023

million for the financial year ending 31 December 2022, and its tangible equity is expected to be around GBP 1.4 (USD They announced a 50% dividend payout ratio projected for 2023 and 2024 as well as a return to quarterly dividends from Q1 this year. HSBC is also planning a special dividend of $0.21 USD 1.68) billion.

Dividends

Andrew Stolz

JANUARY 17, 2022

Value play with strong dividend growth potential. As a comparison, in 2020, Volvo delivered 4,500 trucks to China. Net assets have fallen in 2020 after selling UD truck segment to Isuzu Motors. In 2020, its net-debt to equity ratio stood at 0.9x. I expect dividend yield over the near-term to range between 2.5-3.5%.

Marketability

Musings on Markets

JULY 17, 2023

In my second data update post from the start of this year , I looked at US equities in 2022, with the S&P 500 down almost 20% during the year and the NASDAQ, overweighted in technology, feeling even more pain, down about a third, during the year. US Equities in 2023: Into the Weeds! that was lost last year.

Marketability

Musings on Markets

OCTOBER 12, 2023

The effect of impact investing in the inclusionary and exclusionary paths is through the stock price , with the buying (selling) in inclusionary (exclusionary) investing pushing stock prices up (down), which, in turn, decreases (increases) the costs of equity and capital at these firms.

Market Capitalization

Musings on Markets

FEBRUARY 27, 2022

After paying taxes on this income, the residual amount represents net income, the final measure of equity earnings, and the basis for computing earnings per share and other widely used measures of profitability used by equity investors.

Start-ups

Andrew Stolz

NOVEMBER 21, 2021

In 2020, the Japanese gov’t announced the intention to ban gasoline-powered cars by 2030. The repurchase has helped to keep return on equity above its target of 10%. It is deducted from equity when the company buys back its own shares. Operating cash flows were not able to cover investing activities in 2020 and 2021.

Dividends

Benzinga

SEPTEMBER 3, 2024

(NASDAQ: DECA , the "SPAC")) announce the signing of an agreement and plan of merger for a proposed business combination (the "Business Combination Agreement"), which provides for a pre-transaction equity value of Semnur of $2.5 The Board of Scilex, Semnur, and Denali Capital Acquisition Corp. have approved the proposed transaction.

Equity

Andrew Stolz

JANUARY 28, 2022

Attractive dividend yield could rise to 2x Japanese average. Idemitsu Kosan’s revenue breakdown 2020. Attractive dividend yield could rise to 2x Japanese average. In the past share, the company has increased its dividend per share and is likely to maintain that level. Its net-debt to equity ratio stood at 0.9x

Dividends

Valutico

NOVEMBER 28, 2022

The company already paid over CHF 100 million in settlement in this matter in 2020. . Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. At this level the dividend yield is 2.8%. . IPO of E-Mobility Division.

Discounted Cash Flow

Valutico

NOVEMBER 28, 2022

The company already paid over CHF 100 million in settlement in this matter in 2020. . Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. At this level the dividend yield is 2.8%. . IPO of E-Mobility Division.

Discounted Cash Flow

Musings on Markets

JANUARY 31, 2024

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital.

Equity

Reynolds Holding

DECEMBER 10, 2023

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. Buybacks for Financing A company can alter the debt-to-equity ratio of its capital structure by issuing debt and/or buying back shares. No, that risks massive regret. Of course not.

Dividends

Andrew Stolz

NOVEMBER 28, 2021

Tata will set up a new subsidiary in 2020, in its attempt to move forward EV. It raises $1bn new capital through the private equity fund TPG Rise Climate for a 11% stake. 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.

Dividends

Andrew Stolz

FEBRUARY 8, 2022

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%+. Based on its debt covenants, it can not go beyond a debt-to-equity ratio of 3.1x. Ratios – Globe Telecom.

Start-ups

Reynolds Holding

MARCH 5, 2023

Compensation Actually Paid (CAP) Adjustments The SEC staff provided guidance on the equity awards to be included in the CAP adjustments, as well as the years to be covered and the level of detail required in the footnote disclosure to the PVP table. Prior-year equity awards granted to a first-time NEO must be included in CAP adjustments.

Equity

Andrew Stolz

JANUARY 25, 2022

PBF Energy’s revenue breakdown 2020. In 2020, PBF paid $350m to comply with environmental standards. Debt-to-equity ratio in 2020 stood at 2.9x Future cash flow proceeds serve debt repayments; don’t expect any dividends in near term. High oil price could offset gains from demand rebound. Ratios – PBF Energy.

Dividends

Benzinga

JUNE 14, 2023

The Terminal was officially placed in-service and loaded its first vessel in July 2020. The financing of the Transaction, including the Equity Offering and contemplated Debt Offerings, has been structured to maintain the investment grade ratings and outlooks assigned to Gibson by DBRS and S&P.

Dividends

Farrel Fritz

JANUARY 2, 2024

One of the most common disputes that a poorly documented investment in a closely held company will produce is one of characterization: is the investment a loan or an equity purchase? 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

Benzinga

MARCH 20, 2023

per share dividend post-combination implies a sustainable yield of ~3% at a $10.00 per share price Pro forma equity value of the combined company would be approximately $261.4 Transaction Overview The transaction values the combined company at a pro forma implied equity value of approximately $261.4 Heidmar Inc.,

Dividends

Benzinga

FEBRUARY 15, 2023

per share cash dividend paid _ (1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release. DIVIDEND SUMMARY On December 29, 2022, ROIC distributed a $0.15 per share cash dividend. On February 14, 2023, ROIC's board of directors declared a cash dividend of $0.15

Dividends

Reynolds Holding

NOVEMBER 30, 2023

07 Question: In each of 2020 and 2021, a registrant provided the same list of companies as a peer group in its Compensation Discussion & Analysis (“CD&A”) under Item 402(b) but provided a different list of companies in its CD&A for 2022. The new and revised C&DIs are included below. Answer: Yes. Answer: No.

Compliance

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