Musings on Markets

MAY 7, 2023

Consequently, you can only value the equity in a bank, and by extension, the only pricing multiples you can use to price banks are equity multiples (PE, Price to Book etc.).

Banking 63

Banking Price to Book Dividends Book Value 63

Andrew Stolz

JANUARY 12, 2022

Hyundai has allocated 2022 CAPEX of US$1.1bn, roughly 15% of its total CAPEX budget, to develop two further fuel cell plants. Book value is the value attributable to shareholders in case the company sells all its assets and repays its liabilities (also called liquidation value). Scale from 1 (Best) to 10 (Worst).

EBIT 52

EBIT Price to Book Book Value Liquidation Value 52

Reynolds Holding

NOVEMBER 8, 2023

Continuing the ESG Performance and Enterprise Value series, this post applies regression analysis to a global sample of companies over a five-year period (June 2017 to June 2022), in order to explore the relationship from a regional perspective. ,” which dove deeper into this relationship from a sector-specific standpoint.

Enterprise Value 52

Enterprise Value Price to Book Marketability Book Value 52

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. That pessimism was not restricted to market outlooks.

Marketability 95

Marketability Risk Premium Start-ups Treasury 95

Musings on Markets

JANUARY 6, 2023

For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive. Standard deviation in stock price 2. Price to Book 3. High-Low Price Risk Measure 5. Standard deviations in equity and firm value 4.

Risk Premium 52

Risk Premium Dividends EBITDA Start-ups 52

Musings on Markets

JULY 22, 2021

Revenue Share : While the market share and total market yield the gross order value for Zomato, the company posts only its share of these orders, as revenues. I will assume a partial bounce back to 22% of GOV , starting in 2022, but the presence of Amazon Food will prevent a return to higher values in the future.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Musings on Markets

FEBRUARY 4, 2023

The company's return on invested capital has steadily declined, even as it has scaled up, hovering just over 3% in 2021-2022. You see similar movements in the price to book, where the stock has gone from trading under book value to 6.7 times revenues in the most recent two years.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100