Musings on Markets

MAY 20, 2022

In general, higher and more volatile inflation has negative effects on all financial assets, from stocks to corporate bonds to treasury bonds, and neutral to positive effects on gold, collectibles and real assets.

Price to Book 103

Price to Book Dividends Beta Equity 103

Valutico

OCTOBER 20, 2022

Practitioners assume the business is sold as a multiple of some financial metric like EBITDA, based on what they can see today for other businesses that were sold, and what these comparable trading multiples are. . B = Beta. (Rm Risk free rate (can use 10y Treasury). EV/EBITDA Multiple. Exit Multiple (EV/EBITDA).

Discounted Cash Flow 52

Discounted Cash Flow Terminal Value Weighted Average Cost of Capital Net Present Value 52

Musings on Markets

JANUARY 10, 2025

Beta & Risk 1. EBIT & EBITDA multiple s 5. Since I update the data only once a year, it will age as we go through 2025, but that aging will be most felt, if you use my pricing multiples (PE, PBV, EV to EBITDA etc.) Return on Equity 1. Debt Ratios & Fundamentals 1. Debt Details 1. Buybacks 2. Equity Risk Premiums 2.

Risk Premium 120

Risk Premium Dividends Start-ups Corporate Finance 120

Equidam

APRIL 22, 2025

4] , [3] , [5] Unlike mature, publicly listed companies which are easier to compare using multiples of current earnings (like EBITDA) [3] , startups must be valued based on their projected future; moats, margins and the perceived strength of their future growth trajectory. [3] in 3-7 years). 23] Higher rates increase the base cost of capital.

Discounted Cash Flow 64

Discounted Cash Flow Terminal Value Marketability EBITDA 64