Musings on Markets

JULY 17, 2023

In 2022, old-time value investors felt vindicated, as the damage that year was inflicted on the highest growth companies, especially in technology. After the run up in stock prices in the first six months, stocks look fairly valued, given estimated earnings and cash flows, and assuming that long term rates have found their steady state.

Marketability 98

Marketability Risk Premium Start-ups Treasury 98

IBG Business

AUGUST 1, 2024

This is especially important if your business’s current market value (we can help you with a reliable projection) is considerably higher than it was when you last updated your estate plan. If Congress does not act before the end of 2025, the estate tax exemption will drop from the current $13.6 This is a timely concern. Gray Dollars.

Start-ups 52

Start-ups Book Value Marketability 52

Musings on Markets

FEBRUARY 23, 2025

Across regions, and looking just at non-financial firms, the US has the highest debt ratio, in book value terms, but among the lowest in market value terms. Note that the divergence between book and market debt ratios in the last two columns varies widely across sectors and regions.

Equity 78

Equity EBITDA Risk Premium Gross Debt 78

Benzinga

JANUARY 27, 2025

The transaction, which has been preceded by extensive due diligence, is subject to various regulatory approvals and is expected to be closed in the third quarter of 2025. This includes an estimated book loss of around 0.4 Global Development intends to continue to serve customers in Russia under a new brand. billion post tax.

Banking 45

Banking Book Value Equity Marketability 45

Benzinga

JANUARY 10, 2025

10, 2025 (GLOBE NEWSWIRE) -- CNB Financial Corporation (NASDAQ: CCNE ) ("CNB"), parent company of CNB Bank, and ESSA Bancorp, Inc. The transaction consideration is all common stock and is presently valued at approximately $214 million in the aggregate, or approximately $21.10 for CNB common stock as of January 8, 2025.

Banking 40

Banking Book Value Marketability 40

Musings on Markets

JANUARY 26, 2025

In my first two data posts for 2025, I looked at the strong year that US equities had in 2024, but a very good year for the overall market does not always translate into equivalent returns across segments of the market. Momentum : In markets, the returns to value investing has generally moved inversely with the strength of momentum.

Price to Book 79

Price to Book Start-ups Book Value Marketability 79

Musings on Markets

FEBRUARY 6, 2025

That is an easily fixable problem, though, since if you decide to use S&P's AA+ rating for the US, all it would require is that you net out the default spread of 0.40% (for a AA+ rating at the start of 2025) from the US ERP to get a mature market premium of 3.93% (4.33% minus 0.40%). Data Update 5 for 2025: It's a small world, after all!

Risk Premium 69

Risk Premium Start-ups Enterprise Value Equity 69