Remove 2020 Remove Equity Remove Equity Multiples
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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

The Intrinsic Value of Bank Equity I am a dabbler in all things valuation-related, and I find the process fascinating, as stories about businesses get translated into valuation inputs, and finally into value. All Equity, All the time! With most non-financial service businesses, you face a choice in how you approach valuation.

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Earnings and Cash Flows: A Primer on Free Cash Flow

Musings on Markets

Since a business can raise capital from owners (equity) and lenders (debt), the free cash flows that you compute can be to just the equity investors in the business, in which case it is free cash flow to equity , or to all capital providers in the business, as free cash flow to the firm.