article thumbnail

Oil & Gas Investment Banking: The First Victim of the ESG Cult?

Brian DeChesare

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. Recruiting into Oil & Gas Investment Banking.

Banking 94
article thumbnail

The Dividend Discount Model (DDM): The Black Sheep of Valuation?

Brian DeChesare

But people who aim for investment banking roles are very much into those bells and whistles, so questions about the DDM and other “exotic” methodologies began rolling in. To be fair, in some industries – like commercial banks and insurance within FIG – the DDM is a core valuation methodology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

29 Valuation Interview Questions and Answers: Mastering the Art of Crackling Interviews

Equilest

These interviews are not just a mere formality but a critical component of the hiring process in finance, investment banking, and consulting. Understanding the Concept: In essence, FCFF encapsulates the cash that can be distributed to both debt and equity holders after meeting operational needs and capital expenditures.

article thumbnail

Project Finance vs. Corporate Finance: Careers, Recruiting, Financial Modeling, and More

Brian DeChesare

Project Finance Definition: “Project Finance” refers to acquisitions, debt/equity financings, and new developments of capital-intensive infrastructure assets that provide essential utilities and services. However, many people also use the term more broadly to refer to equity, debt, and advisory for infrastructure assets.

article thumbnail

Venture Capital Interview Questions: What to Expect and How to Prepare

Brian DeChesare

Q: Why not private equity, growth equity, hedge funds, or entrepreneurship? Growth equity is a bit closer, but you’re more interested in early-stage companies that need VC support rather than already successful companies that need more capital. Q: What’s the difference between pre-money and post-money valuations?

article thumbnail

Deja Vu #11: Can Restricted Stock Studies Be Used to Estimate DLOMs for Dividend-Paying Companies?

Chris Mercer

At least ten of the transactions involved banks, insurance companies, or other financial entities, which are very unlike the remainder of the companies in the non-dividend paying portion of the database. The median market value of equity (MVE) for dividend-paying stocks was $133 million, and the average MVE was $248 million.

article thumbnail

M&A Valuation Methods: Your Essential Guide with 7 Key Methods

Valutico

Analysts use financial metrics and multiples such as Price to Earnings (P/E), Price to Book (P/B), Enterprise Value to Sales (EV/Sales), Enterprise Value to EBITDA (EV/EBITDA), and Price to Book (P/B) ratios derived from trading data of similar public companies or deal pricing data of similar M&A transactions.