Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Beta & Risk 1. Financing Flows 5. Insider, CEO & Institutional holdings 2.

Dividends 107

Dividends Risk Premium Equity Book Value 107

Musings on Markets

JANUARY 31, 2024

Your answer to that question will determine not just how you approach running the business, but also the details of how you pick investments, choose a financing mix and decide how much to return to shareholders, as dividend or buybacks. The End Game in Business If you start a business, what is your end game?

Equity 83

Equity Book Value Start-ups Corporate Finance 83

Brian DeChesare

SEPTEMBER 13, 2023

The catalysts could be anything from quarterly earnings announcements to covenant breaches to announcements of M&A deals, financings, or strategic reviews. But you could also move in from Leveraged Finance or an industry group that does frequent debt deals.

Equity 103

Equity Banking EBITDA Start-ups 103

Valutico

APRIL 25, 2023

We performed a detailed linear regression analysis, considering the betas and credit spread of listed companies, regressed against their ESG scores, for the universe of listed companies globally. Who is ValutECO for?

Discounted Cash Flow 52

Discounted Cash Flow Alpha Beta Equity 52

Valutico

APRIL 25, 2023

We performed a detailed linear regression analysis, considering the betas and credit spread of listed companies, regressed against their ESG scores, for the universe of listed companies globally. Who is ValutECO for?

Discounted Cash Flow 52

Discounted Cash Flow Alpha Beta Equity 52

Musings on Markets

JANUARY 6, 2023

Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing. The second is that in my line of work, which is corporate finance and valuation, the numbers I need lie in micro or company-level data, not in the macro space. Cost of Equity 1. PE & PEG 2. Cost of Debt 2.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Brian DeChesare

AUGUST 31, 2022

Here’s how Nicholas Investment Partners describes its strategy : 4) Beta – Convertible arbitrage is right in the middle of hedge fund strategies , with a decent correlation to bonds (0.40) and less of a correlation to equities (0.20). Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies.

Banking 89

Banking Risk-free Rate Equity Start-ups 89

Appraiser Newsroom

JUNE 4, 2024

Kevin holds an MBA in finance from Georgia State University and a Bachelors in Chemical Engineering from the Georgia Institute of Technology. Finance Professor | Pepperdine Graziadio Business School Craig R. Everett is a finance professor at the Pepperdine Graziadio Business School. a Software as a Service company.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Finance 59

Brian DeChesare

JULY 27, 2022

See the Structured Finance article for more; subcategories include mortgage-backed securities (MBS), asset-backed loans (ABL), and collateralized loan obligations (CLO). 4) Moderate Net Exposure and Beta – Most credit funds are in the middle of the pack here, with Betas to equities and bonds in the 0.4 – 0.5

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Musings on Markets

JANUARY 28, 2024

In this post, I look at risk, a central theme in finance and investing, but one that is surprisingly misunderstood and misconstrued. I do believe that, in finance, we have significant advances in understanding what risk, I also think that as a discipline, finance has missed the mark on risk, in three ways. What is risk?

Risk Premium 122

Risk Premium Beta Start-ups Equity 122

Musings on Markets

FEBRUARY 27, 2023

The "Right" Financing Mix Is there an optimal mix of debt and equity for a business? Do companies optimize financing mix? The answer is yes, though the payoff, in terms of value, from moving to that optimal may be so small that it is sometimes better to hold back from borrowing.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Valutico

AUGUST 17, 2022

Valutico has once again made finance professional’s lives easier by announcing the launch of the Venture Capital (VC) method for valuing start-ups, available for the first time within its online platform. . The calculation of these discount rates are based on the observed betas of similar listed peer companies. What is the VC method?

Start-ups 52

Start-ups EBIT Weighted Average Cost of Capital Discounted Cash Flow 52

Brian DeChesare

AUGUST 10, 2022

Integrated Oil & Gas can also work, but at the large banks, you’ll mostly advise huge corporations on prospective asset deals and the occasional financing. Finally, these companies are so big and geopolitically sensitive that significant corporate-level M&A deals are rare. Citi – Discussion of Financing Alternatives.

Banking 98

Banking Dividends EBITDA Equity 98

Brian DeChesare

APRIL 30, 2025

But there is one lower Beta alternative: Corporate venture capital (CVC). Who Gets Into Corporate Venture Capital? If its more of a business unit CVC group, youll see more people moving in internally from teams such as corporate strategy , corporate development , and corporate finance.

Start-ups 59

Start-ups Finance Corporate Finance Marketability 59