Chris Mercer

AUGUST 1, 2022

This eleventh post in the Deja Vu series involving restricted stock studies addresses an issue that is rarely mentioned in the context of the studies – of the impact of dividends on restricted stock discounts (RSDs). Of these 244 transactions, only 24 involved companies that paid dividends, or less than 10% of the transactions.

Dividends 52

Dividends Appraisal Marketability Start-ups 52

Equilest

NOVEMBER 25, 2023

Uncover the intricacies of financial modeling, from understanding fundamental concepts like Free Cash Flow to Firm and Dividend Discount Model, to navigating advanced methodologies such as LBO and DCF. It provides a clearer picture of a company's ability to reward its shareholders with dividends or share buybacks.

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Andrew Stolz

MAY 8, 2020

In reference to Aswath Damodaran’s book “The Dark Side of Valuation Valuing Young Distressed and Complex Businesses,” it mentions that a declining company usually possesses the following five characteristics: (1) Stagnant or declining revenue. (2) 4) Big payouts – dividends and stock buyback. (5) 3) Asset divestitures. (4)

Discounted Cash Flow 52

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

Chris Mercer

MARCH 8, 2023

The book value of the stock and the financial condition of the business. The dividend-paying capacity. Whether or not the enterprise has good will or other intangible value. Sales of the stock and the size of the block of stock to be valued. The earning capacity of the company.

Fair Market Value 52

Fair Market Value Marketability Appraisal Business Valuation 52