Equilest

MARCH 28, 2025

Accounting vs. Market-Based Equity Value Book Value of Equity The book value of equity, also known as accounting equity, is derived directly from the companys balance sheet. EV is often used to compare companies with different capital structures, as it normalizes for debt levels.

Equity 40

Equity Net Debt Enterprise Value Capital Structure 40

Valutico

MAY 6, 2024

Asset-based methods like Adjusted Book Value, Liquidation Value, and Replacement Cost consider the worth of tangible assets. Excerpted from the book “Valuation for Mergers and Acquisitions” by Barbara S. Income-based methods such as Discounted Cash Flow analysis focus on future cash flows to determine value. Petitt and Kenneth R.

Discounted Cash Flow 52

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

Valutico

SEPTEMBER 22, 2023

This is accomplished through methods like Comparable Company Analysis, Precedent Transaction Analysis, and Market Capitalization, which collectively offer insights into the company’s value within the context of the broader market landscape. For example: The book value of Microsoft Corporation is $119,639 million.

Discounted Cash Flow 52

Discounted Cash Flow Intangible Assets Book Value Asset-based Approach 52

Valutico

AUGUST 23, 2023

These cash flows typically include operating income, tax payments, and changes in working capital and capital expenditures. b) Determining the Discount Rate: The discount rate, often the weighted average cost of capital (WACC), reflects the risk associated with the company’s cash flows.

Discounted Cash Flow 52

Discounted Cash Flow Comparable Company Analysis EBITDA Enterprise Value 52

Valutico

AUGUST 10, 2023

These cash flows typically include operating income, tax payments, and changes in working capital and capital expenditures. b) Determining the Discount Rate: The discount rate, often the weighted average cost of capital (WACC), reflects the risk associated with the company’s cash flows.

Discounted Cash Flow 52

Discounted Cash Flow Comparable Company Analysis EBITDA Enterprise Value 52

Global Finance

APRIL 5, 2025

A standout deal was the banks structuring of a $1 billion debt facility for First Abu Dhabi Bank (FAB) that was FABs debut in the tier 2 bond market. The deals capital structure enhanced FABs capital position, and diversified its investor base as a significant portion of the transaction was placed outside the Middle East.

Banking 52

Banking Finance Start-ups Marketability 52

Valutico

DECEMBER 15, 2022

Valutico is one software platform where it’s possible to access these multiples ( book a demo to learn more ). It is often used as it eases the comparability between companies from the same industry (without having to worry about asset or capital structure). . Major Assumptions of the Multiples Approach.

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comparable Company Analysis EBITDA Enterprise Value 52

Valutico

DECEMBER 15, 2022

Valutico is one software platform where it’s possible to access these multiples ( book a demo to learn more ). It is often used as it eases the comparability between companies from the same industry (without having to worry about asset or capital structure). . Major Assumptions of the Multiples Approach.

Precedent Transaction Analysis 52

Precedent Transaction Analysis Comparable Company Analysis EBITDA Enterprise Value 52

Brian DeChesare

MAY 24, 2023

Capital Structure Trades – Or you could focus on Jacobs’ ~$4 billion in debt and long or short some of their bonds (or use credit default swaps) if you believe its credit rating will change once the deal takes place. Unfortunately, I’ve never been able to find much specifically about special situations investing.

Equity 64

Equity Start-ups EBITDA Banking 64

Valutico

JULY 3, 2023

Leverage Ratios: Evaluating debt-to-equity ratio, interest coverage ratio, and other leverage metrics helps assess the financial risk and capital structure of peer companies. Book Your Demo here. Higher profitability may indicate better operational efficiency and competitive advantage.

Market Capitalization 52

Market Capitalization Marketability Comparable Company Analysis EBIT 52

Reynolds Holding

DECEMBER 10, 2023

Different Buyback Rationales – and Their Implementation Objectives We will consider each of the three corporate finance-based rationales for buybacks, being investment, capital restructuring and excess capital return or dividend.

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

Benzinga

JULY 10, 2023

With the completion of this transaction, SMGI's balance sheet is significantly improved, including a large increase in the book value of the combined company. Based on audited pro forma 2022 combined revenues of $153 million and pro forma 2022 estimated adjusted EBITDA of $18.2 million (including $2.5

EBITDA 40

EBITDA Book Value Capital Structure Marketability 40

Appraiser Newsroom

JUNE 4, 2024

He has over 15 years of experience in valuation engagements for public and private companies in support of tax, business combinations, impairment testing, stock-based compensation, reorganizations, and claims within complex capital structures. He specializes in the valuations of business enterprises and their intangible assets.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Finance 59

Valutico

OCTOBER 20, 2022

DCF WACC—similar to the above except that it calculates a different WACC in each forecast period based on a changing capital structure (D/E) and thus a changing beta in each period. Try booking a demo , if this applies to you.

Discounted Cash Flow 52

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

Class VI Partner

JULY 28, 2021

Adjusted Net Book Value Adjusted Net Book Value is the Book Value of a business that has been adjusted to reflect the current market value of the assets and liabilities of a company. In this case, an adjustment to the value of these assets is required to determine Adjusted Net Book Value.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Musings on Markets

FEBRUARY 27, 2023

Book versus Market : The book debt ratio is built around using the accounting measure of equity, usually shareholder's equity, as the value of equity. The market debt ratio, in contrast, uses the market's estimate of the value of equity, i.e., its market capitalization, as the value of equity.

EBITDA 52

EBITDA Equity Start-ups Net Debt 52

Brian DeChesare

AUGUST 10, 2022

The tricky part is understanding the MLP structure and the tax, dividend, and capital structure differences that it creates. Example Valuations, Pitch Books, Fairness Opinions, and Investor Presentations. The Alerian MLP Primer is quite good as well.

Banking 98

Banking Dividends EBITDA Equity 98

Appraiser Newsroom

JULY 5, 2022

Mr. Fishman has co-authored several books, including the Guide to Business Valuations , Standards of Value , A Consensus View Q&A Guide to Financial Valuation and The Business Valuation Bench Book. He specializes in the valuations of business enterprises and their intangible assets.

Business Valuation 40

Business Valuation Intangible Assets Appraisal Finance 40

Brian DeChesare

JUNE 29, 2022

The solutions usually involve replacing Board members or executives, divesting assets, changing the capital structure, cutting costs, adopting new strategies, and sometimes selling the entire company. Here are some recommendations by media type: Books. Elliott’s presentation to Suncor after they announced a 3.4%

Private Equity Firm 52

Private Equity Firm Equity Start-ups Banking 52

Reynolds Holding

MAY 28, 2025

SB 29 limits books-and-records demands and allows class-by-class voting waivers, aligning with modern capital structures. Corporations can mandate that any internal equity claims be brought in Texas courts, including the business court. 12 Additional Reforms.

Capital Structure 53

Capital Structure Equity Technology Marketability 53