Musings on Markets

JANUARY 10, 2025

Beta & Risk 1. EBIT & EBITDA multiple s 5. While some of the variables are obvious, others are subject to interpretation, and I have a glossary , where you can see the definitions that I use for the accounting variables. Return on Equity 1. Debt Ratios & Fundamentals 1. Debt Details 1. Buybacks 2. I am sorry!

Risk Premium 119

Risk Premium Dividends Start-ups Corporate Finance 119

Equidam

APRIL 26, 2025

Valuation as a Process, Not Just a Number A common misconception is that startup valuation aims to pinpoint a single, definitive “right” number representing the company’s price. revenue multiple, ARR multiple, EBITDA multiple) derived from recent acquisitions or funding rounds of supposedly similar companies.

Discounted Cash Flow 59

Discounted Cash Flow Terminal Value Book Value Beta 59

Brian DeChesare

SEPTEMBER 13, 2023

Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.

Equity 103

Equity Banking EBITDA Start-ups 103

Equidam

APRIL 26, 2025

This potential is typically evaluated through assumptions about future growth trajectories, often modeled via projected revenue growth or, in more mature markets, EBITDA projections. However, in the practical, often more uncertain world of venture capital, the focus shifts towards assessing a startup’s exit potential.

Marketability 59

Marketability Technology Beta Start-ups 59

Musings on Markets

JANUARY 6, 2023

By the same token, it is impossible to use a pricing metric (PE or EV to EBITDA), without a sense of the cross sectional distribution of that metric at the time. For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Brian DeChesare

MAY 24, 2023

But, as usual, I want to start with the definitions and fund types: What is an “Event-Driven Hedge Fund”? EBITDA multiple , matching its own. EBITDA since it’s only growing at 2-3% per year vs. 5-10% per year for Jacobs. revenue and 11.5x But lock-up periods are longer than most long/short equity funds.

Equity 64

Equity Start-ups EBITDA Banking 64

FE International

MARCH 14, 2018

For both paid and shared AMIs, developers must meet the following criteria : Sell publicly available, full-feature production-ready software (not a beta product). By definition, SaaS applications are monetized on a subscription basis, with customers typically paying a monthly sum based on which “tier” of membership they have opted for.

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52