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

Benzinga

SEPTEMBER 12, 2022

– Net Proceeds are expected to be used for general corporate purposes including, but not limited to, additional debt repayment and dividend payments –. EBITDA multiple on 2019 results and a $455K per key valuation –. Price implies a blended 2.9% cap rate and 27.0x PHILADELPHIA, Sept.

Dividends 40

Dividends EBITDA Marketability 40

Musings on Markets

MAY 20, 2022

In a final assessment, I break down companies based upon operating cash flows (EBITDA as a percent of enterprise value) and dividend yield (dividends as a percent of market capitalization).

Price to Book 96

Price to Book Dividends Beta Equity 96

Benzinga

JUNE 6, 2022

If a transaction is completed, it is anticipated that the free cash flow, Adjusted EBITDA and Non-GAAP EPS of Franchise Group would significantly increase.

Dividends 40

Dividends EBITDA Finance 40

Benzinga

JULY 17, 2023

1) This transaction is consistent with Berry's shareholder return model, which provides that 20% of annual post-fixed dividend Adjusted Free Cash Flow (2) will be returned to shareholders through variable dividends and the remaining 80% will be used for stock and debt repurchases, as well as bolt-on acquisitions such as this one.

Dividends 40

Dividends EBITDA Technology 40

Benzinga

JULY 12, 2022

"On the strength of the contracted cash flows from this acquisition, we are increasing our annual dividend growth guidance to 6% through 2025 from the previous 5%. Subject to Board approval, this will include a 6% dividend increase for 2022 and represents our ninth consecutive year of dividend increases," stated Mr. Vaasjo. . "We

Dividends 40

Dividends Finance EBITDA Equity 40

Benzinga

OCTOBER 24, 2023

million in Horizon Adjusted EBITDA in 2022. 2022 Horizon Adjusted EBITDA multiple net of synergies 2 Approximately $51,000 per fiber route mile Financing Shentel intends to fund the Transaction with a combination of existing cash resources, revolving credit facility capacity and an amended and upsized credit facility. 3 Includes $9.6

EBITDA 40

EBITDA Banking Finance Dividends 40

Valutico

JUNE 26, 2023

Based on the first-quarter financial performance, Devon declared a fixed-plus-variable dividend of $0.72 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. Despite a decline in realized prices for all commodities, the company upholds steady growth. billion using a WACC of 11.7%. billion to USD 35.4

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Benzinga

OCTOBER 26, 2022

Adjusted EBITDA and EPS Guidance Affirmed, Outlook Updated to Reflect FX Translation Global Restructuring Expected to Yield $40 Million in Profit Growth in 2023 Balanced Capital Allocation Strategy Includes NoteMachine Acquisition and Continued Share Repurchases. GAAP net income up 1% to $19 M; adjusted EBITDA up 11% to $189 M.

EBITDA 40

EBITDA Dividends Intangible Assets 40

Benzinga

FEBRUARY 15, 2023

net principal debt-to-annualized EBITDA ratio for 4Q‘22 (vs. per share cash dividend paid _ (1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release. Additionally, ROIC's net principal debt-to-annualized EBITDA ratio for the fourth quarter of 2022 was 6.6

Dividends 40

Dividends EBITDA Intangible Assets Equity 40

Benzinga

JUNE 16, 2022

times estimated 2023 adjusted EBITDA multiple. Targa now estimates standalone 2022 adjusted EBITDA to be between $2.675 billion and $2.775 billion and year-end leverage ratio of about 2.7 Underpinned by long-term high-quality producer dedications. billion acquisition price represents approximately 7.5 times and improving thereafter.

EBITDA 40

EBITDA Debt Financing Dividends Finance 40

Valutico

MAY 18, 2023

Furthermore, there are concerns regarding IBM’s uncertain dividend and recent acquisition spree. The Trading Comparables analysis resulted in a valuation range of USD 106 billion to USD 235 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. and Alphabet Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Dividends EBITDA 52

Valutico

MARCH 1, 2023

Furthermore, the company increased dividends by 10% and announced that it will buy back GBP 2.3 (USD The Trading Comparables analysis resulted in a valuation range of GBP 98 (USD 199) billion to GBP 137 (USD 166) billion by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B. billion worth of shares.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Valutico

NOVEMBER 28, 2022

At this level the dividend yield is 2.8%. . The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

NOVEMBER 28, 2022

At this level the dividend yield is 2.8%. . The Trading Comparables analysis resulted in a valuation range of CHF 47 to 83 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. ABB performed particularly well in the COVID years 2020-2021, almost doubling its share price during this period. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

NOVEMBER 14, 2022

This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. Our Trading Comparables analysis produced a valuation range of €178 billion to €222 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B.

EBIT 52

EBIT Equity Dividends EBITDA 52

Valutico

NOVEMBER 14, 2022

This strong share price performance was further bolstered by an average gross annual dividend yield of roughly 6% over the past 10 years. Our Trading Comparables analysis produced a valuation range of €178 billion to €222 billion, by applying the observed trading multiples EV/EBITDA, EV/EBIT, P/E and P/B.

EBIT 52

EBIT Equity Dividends EBITDA 52

Benzinga

JUNE 14, 2023

The Transaction implies a multiple of less than 9x the projected forward Adjusted EBITDA and is immediately accretive, with DCF per share accretion in the mid-teens 4 , 5 , 6. The Dividend Equivalent Payment will be made on the later of the closing date of the Transaction and the date the dividend is paid to holders of Common Shares.

Dividends 40

Dividends Equity Finance EBITDA 40

Benzinga

MAY 4, 2023

—Fifth Consecutive Quarter of Gross Margin Expansion— —Industry-Leading Operational Performance at Pre-Pandemic Levels— —34% Growth in Adjusted EBITDA Year-Over-Year— JASPER, Ind., Adjusted EBITDA of $15.4 Adjusted EBITDA of $15.4 Adjusted EBITDA increased year-over-year by 34% to $15.4 Net income of $5.7 million, up $3.9

EBITDA 40

EBITDA Marketability Dividends Equity 40

Brian DeChesare

AUGUST 10, 2022

If Midstream companies want to grow beyond the fee increases written into their contracts and possible volume growth, they need to spend on Growth CapEx and estimate the incremental EBITDA from that spending: Further adding to the complexity is the GP (General Partner) / LP (Limited Partner) structure used at most MLPs.

Banking 94

Banking EBITDA Dividends Equity 94

Benzinga

SEPTEMBER 30, 2022

billion in sales and adjusted EBITDA of $340 million, an increase of 47% compared to the $232 million of adjusted EBITDA generated during fiscal year 2021. For fiscal year 2022, Worthington's Consumer Products, Building Products and Sustainable Energy Solutions businesses delivered $1.3

EBITDA 40

EBITDA Marketability Dividends Technology 40

Benzinga

JUNE 16, 2022

These cross-selling synergies, alongside those related to operating costs, are expected to accelerate once we complete the integration, reaching an annual run rate in excess of $170 million over the next three to five year period, enhancing EBITDA and free cash flow growth.

EBITDA 40

EBITDA Net Debt Technology Dividends 40

Musings on Markets

OCTOBER 12, 2023

Even when you are successful in dissuading these companies from "bad" investments, but may not be able to stop them from returning the cash to shareholders as dividends and buybacks, rather than making "good" investments. in the 1998-2010 time period to 5.95 in the 2011-2023 time period.

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

Reynolds Holding

FEBRUARY 21, 2023

Activist Directors – Determinants Our research shows that activists are more likely to demand or acquire board representation if the firm has higher levels of institutional ownership, a smaller market capitalization, worse stock market performance, and, in particular, lower dividend payouts.

Dividends 72

Dividends Marketability EBITDA Market Capitalization 72

Equilest

MARCH 17, 2022

Strictly speaking, the result to be taken into account should be the free cash flow generated by the company, i.e. the cash flow actually available to a buyer to repay acquisition debt, through the distribution of dividends: this is the DCF method (for Discounted Cash-Flows), which is detailed below. EBITDA and EBIT). EBE and ENE.

Business Valuation 40

Business Valuation EBIT EBITDA Discounted Cash Flow 40

Benzinga

MAY 3, 2022

Q1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 The effect of the series of transactions in the last couple of quarters as well as continued focus on operational cost resulted in sequential Adjusted EBITDA 8% greater than Q4 2021. Adjusted EBITDA. Equity Method Investment EBITDA.

EBITDA 40

EBITDA Equity Start-ups Marketability 40

FE International

MARCH 23, 2022

If you want to understand how to value a business, the first question is whether to look at a multiple of SDE , EBITDA or Revenue. SDE vs. EBITDA vs. Revenue. Crucially, any owner salary/dividends can be added back to the profit number, too. If you want an accurate valuation, you can receive a free one via our page here.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Andrew Stolz

MAY 8, 2020

4) Big payouts – dividends and stock buyback. (5) Estimate Terminal Value – Terminal Value is then estimated either by using a terminal exit multiple (usually an EBITDA multiple) or with a Terminal Growth Rate ( Gordon Growth Method). 2) Shrinking or negative margins. (3) 3) Asset divestitures. (4)

Discounted Cash Flow 52

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

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. Dividends and Potential Dividends (FCFE) 1. Dividend yield & payout 3. Buybacks 2.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Class VI Partner

JULY 28, 2021

EBITDA EBITDA refers to Earnings Before deducting Interest, Taxes, Depreciation, and Amortization costs, and is often used by buyers and sellers as a proxy for operating cash flow in a business (i.e., EBITDA Multiple EBITDA Multiple refers to the multiple of EBITDA used to determine a company’s enterprise value.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

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 EBITDA Start-ups 52

Chris Mercer

APRIL 7, 2023

He acquires a literal “stock certificate” representing a very, very small but pro-rata claim on all the cash flows of the company, and is the pro-rata beneficiary of any future dividends or stock repurchases. XYZ is a successful professional services firm with revenues of about $25 million, an EBITDA margin of 16%, and no debt.

Marketability 52

Marketability Fair Market Value Appraisal EBITDA 52

Musings on Markets

JANUARY 28, 2024

That may sound like a corporate finance abstraction, but the cost of capital is a pivotal number that can alter whether and how much companies invest, as well as in what they invest, how they fund their investments (debt or equity) and how much they return to owners as dividends or buybacks.

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Chris Mercer

FEBRUARY 14, 2024

RSDs are not value drivers like EBITDA, gross profit, number of cases, or any other value drivers. Company A’s annual dividend for the 10% interest is $100,000, which provides a 10% expected dividend yield based on the MM/FC value of the interest. An RSD simply measures the difference between two prices.

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Brian DeChesare

JANUARY 19, 2022

For example, a pension fund might pursue a deal that makes little financial sense, such as one with a 30x+ EBITDA multiple and a 20-year holding period, if it’s required to invest a certain amount in a specific state or province. Accounting, Valuation, and Financial Modeling in the Financial Sponsors Group.

Private Equity Firm 84

Private Equity Firm Banking Equity Finance 84

Musings on Markets

FEBRUARY 27, 2022

When profits are scaled to revenues, you get margins, and as with absolute earnings, margins come in various forms, as can be seen below: In addition to margins based upon income measures (gross, operating, after-tax operating and net), there are other margin variations, with EBITDA and after-tax operating margins coming into play.

Start-ups 80

Start-ups Equity Book Value Marketability 80

Valutico

JUNE 15, 2023

Additionally, NVIDIA returned USD 99 million in cash dividends to shareholders, exemplifying its financial robustness. The Trading Comparables analysis resulted in a valuation range of USD 60 billion to USD 277 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. and Cisco Systems, Inc.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52