Musings on Markets

AUGUST 5, 2023

If you have been reading my posts, you know that I have an obsession with equity risk premiums, which I believe lie at the center of almost every substantive debate in markets and investing. That said, I don't blame you, if are confused not only about how I estimate this premium, but what it measures.

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Risk Premium Equity Start-ups Treasury 78

Musings on Markets

JANUARY 21, 2023

In this post, I will begin by chronicling the damage done to equities during 2022, before putting the year in historical context, and then examine how developments during the year have affected expectations for the future. Actual Returns Your returns on equities come in one of two forms. Stocks: The What?

Equity 70

Equity Risk Premium Start-ups Dividends 70

Chris Mercer

MARCH 7, 2024

” And the answer holds regardless of any certifications appraisers might hold. Procedural Guidelines (PG) are designed to provide more detailed guidance for consideration by business appraisers than found in the base standards themselves. Every appraisal must have a stated purpose and definition of the valuation (i.e.,

Dividends 52

Dividends Appraisal Terminal Value Marketability 52

Equilest

APRIL 11, 2023

With limited features and formulas, it can be difficult to account for all the necessary parameters in a valuation, such as interest rates, equity risk premiums, and beta. It lacks interest rates, equity risk premiums, beta, and other important data.

Business Valuation 40

Business Valuation Beta Risk Premium Discounted Cash Flow 40

Equilest

JUNE 13, 2023

Professional Appraisals and Business Valuation Experts Engaging the services of professional appraisers and business valuation experts can provide an unbiased and accurate assessment of the disaster restoration business's value. Factors such as multiples, beta, and equity risk premium are required for accurate calculations.

Business Valuation 52

Business Valuation Asset-based Approach Appraisal Intangible Assets 52

Musings on Markets

JANUARY 5, 2024

Beta & Risk 1. Return on Equity 1. Equity Risk Premiums 2. Costs of equity & capital 4. Valuation Pricing Growth & Reinvestment Profitability Risk Multiple s 1. Valuation Pricing Growth & Reinvestment Profitability Risk Multiple s 1. Costs of equity & capital 1.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Appraisal Rights

FEBRUARY 23, 2018

We’ve written before about the SWS appraisal case, decided in mid 2017. Part of the argument focused on the concept of size premium – a primer on which is available here – and which is being contested in the SWS appeal. After the ruling, petitioners appealed to the Delaware Supreme Court.

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Appraisal Risk Premium Equity 40