Global Finance

JULY 23, 2024

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. As such, the big banks’ pledges suggest that Japanese business is taking the need for change seriously, Wu says. The announcements in June by Japan’s three megabanks that they will sell $5.4

Price to Book 111

Price to Book Banking Dividends Equity 111

Valutico

MAY 19, 2025

It is generally not suitable for valuing banks and financial institutions and early stage companies. Interest Expense: This represents the cost of borrowing money, such as the interest accrued on bank loans or equipment financing. Other metrics like Price-to-Book or Dividend Yield are typically more relevant for these sectors.

EBITDA 52

EBITDA Enterprise Value Capital Structure EBIT 52

Musings on Markets

JANUARY 27, 2022

While we have increasingly given central banks primacy in discussions of interest rates, it remains my view that markets set rates, and while central banks can nudge market expectations, they cannot alter them. Connecting this linkage to the discussion of US inflation in the prior sections, here are the takeaways.

Risk-free Rate 99

Risk-free Rate Treasury Price to Book Start-ups 99

Musings on Markets

JULY 17, 2023

That does not surprise me, since I have never bought into the “Fed did it” theme, and have written multiple posts about why it is inflation and economic growth that drive interest rates, not central banks. Financials, handicapped by the bank runs at SVB and First Republic, have been flat for the year, as has been real estate.

Marketability 98

Marketability Risk Premium Start-ups Treasury 98

Equilest

NOVEMBER 25, 2023

These interviews are not just a mere formality but a critical component of the hiring process in finance, investment banking, and consulting. How to Value a Bank? Emphasizing Unique Considerations: Valuing a bank requires a distinct approach due to the nature of its operations. Examples of Industry-Specific Multiples?

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Musings on Markets

MAY 24, 2021

In a sign of how volatile inflation expectations have been over the last year, I looked at the probabilities that the Federal Reserve Bank of St. Louis estimates for inflation rates exceeding 2.5% Conversely, the decades where value underperformed growth were 1990-99 and 2010-19, when inflation was much lower than expected.

Treasury 56

Treasury Start-ups Risk Premium Price to Book 56

Valutico

MAY 6, 2024

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.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52