Global Finance

MAY 1, 2025

However, there was variation in individual IFIs performances; and many winners of Global Finances Best Islamic Financial Institutions 2025 achieved growth and profitability beyond their peers. Kuwait Finance House (KFH) won as the World’s Best Islamic Financial Institution for 2025.

Banking 83

Banking Finance Marketability Equity 83

Musings on Markets

JANUARY 21, 2023

In this post, I will begin by chronicling the damage done to equities during 2022, before putting the year in historical context, and then examine how developments during the year have affected expectations for the future. Actual Returns Your returns on equities come in one of two forms. Stocks: The What? at the start of that year.

Equity 95

Equity Risk Premium Start-ups Dividends 95

Musings on Markets

AUGUST 5, 2023

If you have been reading my posts, you know that I have an obsession with equity risk premiums, which I believe lie at the center of almost every substantive debate in markets and investing. How, you may ask, can equity risk premiums be that divergent, and does that imply that anything goes?

Risk Premium 98

Risk Premium Equity Start-ups Treasury 98

Global Finance

DECEMBER 9, 2024

Africa today is the worlds youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance: Last year, we discussed the departure of a number of high-profile foreign banks from Africa. We need foreign savings.

Banking 98

Banking Marketability Finance Start-ups 98

Benzinga

JUNE 17, 2025

per year Annual dividend on DIV's common shares to be increased 10% from 25 cents per share to 27.5 cents per share, effective July 1 , 2025 DIV's strong balance sheet enabled it to fund the Transaction without the need to raise equity 1. and the U.S. Consumer Price Index (" U.S. CPI ") + 1.5%

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Andrew Stolz

AUGUST 5, 2020

Definition of the Cost of Equity. The theoretical return the firm pays its equity investors (shareholders) is known as the cost of equity. In other words, the cost of equity is the rate of returns a firm pays to its shareholders. What Impacts the Cost of Equity? Dividend per share . Risk-free rate .

Equity 52

Equity Risk-free Rate Dividends Beta 52

Andrew Stolz

AUGUST 4, 2020

Definition of Equity Risk Premium. What Impacts the Equity Risk Premium? Dividends . How Do You Calculate Equity Risk Premium? Equity risk premium can be calculated by subtracting the expected risk-free rate from the market expected return. Equity risk premium = Market Expected Return (Rm) – Risk free rate (Rf).

Risk Premium 52

Risk Premium Equity Risk-free Rate Dividends 52

Valutico

MAY 19, 2025

This ratio offers insight into a companys profitability and relative value by comparing its total worth (Enterprise Value, encompassing debt and equity) to its operational earnings (EBITDA). EV typically includes Market Capitalization, Debt, Minority Interest, and Preferred Equity, minus Cash & Cash Equivalents.

EBITDA 52

EBITDA Enterprise Value Capital Structure EBIT 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. Return on Equity 1. Dividends and Potential Dividends (FCFE) 1. Debt Details 1.

Dividends 107

Dividends Risk Premium Equity Book Value 107

Reynolds Holding

OCTOBER 3, 2024

In a new paper , we explore the role of equity financing in supporting firms during the pandemic. Specifically, we examine how receiving equity financing affected stock performance, financial distress, and firms’ pay outs and investment decisions. These effects prompted widespread calls for solutions.

Equity 45

Equity Equity Financing Dividends Finance 45

Musings on Markets

FEBRUARY 8, 2025

I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value. A key tool in both endeavors is a hurdle rate a rate of return that you determine as your required return for business and investment decisions.

Risk Premium 75

Risk Premium Beta Start-ups Equity 75

Brian DeChesare

MAY 14, 2025

Like renewable energy IB , different banks classify their groups differently, so you could find yourself working on everything from a data center REIT M&A deal to an airport financing to an IPO for a solar developer. Renewables, Power & Utilities, Project Finance, Public Finance, Real Estate, Oil & Gas and More?

Banking 59

Banking Finance Equity Dividends 59

Global Finance

JULY 23, 2024

Significantly, Mizuho CEO Masahiro Kihara said the bank will either pass on the proceeds from its sales of equity holdings to investors as dividends or invest them in growth-directed activities, and Sumitomo Mitsui aims to reduce the market value of its equity holdings to less than 20% of the value of its consolidated net assets.

Price to Book 111

Price to Book Banking Dividends Equity 111

Benzinga

DECEMBER 29, 2023

An update is provided on several matters of importance for Shareholders including the acquisition, an associated dividend for ILUS Shareholders, merger agreement negotiations, subsidiaries, and financing. The company has signed contracts to acquire the controlling interest of an OTC listed SEC Reporting company.

Dividends 40

Dividends Finance Equity Technology 40

Equilest

MARCH 28, 2025

distressed firms) Companies facing bankruptcy Impact on Investors and Stakeholders Risk to shareholders Implications for lenders and creditors How Negative Equity Affects Valuation Impacts on stock price Effect on mergers and acquisitions Can a Business Recover from Negative Equity? How does negative equity affect dividends?

Equity 40

Equity Net Debt Enterprise Value Capital Structure 40

Brian DeChesare

JANUARY 4, 2023

Just look at the handy chart the Financial Times put together to see the horrifically bad numbers: In January 2022, everything seemed quite frothy, with mega-deals happening left and right and crypto and equity prices still at high levels. Real Estate (Equity Funds + Owned Properties): 15% [Up 5%]. Short-Term U.S.

Marketability 98

Marketability Start-ups Dividends Treasury 98

Brian DeChesare

OCTOBER 12, 2022

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. Starting a private equity firm is a bad decision for ~95% of people who work in the finance industry. How Does It Work? Degrees such as an MBA or a Ph.D.

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Benzinga

APRIL 26, 2023

Non-performing Assets were 0.14% of Total Assets at March 31, 2023 Common Equity Tier 1 and Tangible Common Equity Ratio of 12.16% and 7.63%, Respectively, at March 31, 2023 1 LAKEVILLE, Conn., Net Interest and Dividend Income Tax equivalent net interest income of $11.3 Capital Shareholders' equity increased $4.0

Dividends 40

Dividends Banking Equity Book Value 40

Valutico

AUGUST 30, 2023

Explaining Free Cash Flow: Cash flow is like the lifeblood of a business (or your personal finances). Beyond valuations, the Terminal Growth Rate is used in various areas within the realm of finance and business decision-making. The rate at which dividends can grow sustainably is linked to the Terminal Growth Rate.

Terminal Value 98

Terminal Value Dividends Weighted Average Cost of Capital Discounted Cash Flow 98

Brian DeChesare

JANUARY 19, 2022

FSG Investment Banking: What the Financial Sponsors Group Does The Financial Sponsors Group vs. the Financial Institutions Group The Financial Sponsors Group vs. Leveraged Finance vs. Debt Capital Markets Recruiting: Who Gets Into the Financial Sponsors Group? What Do You Do as an Analyst or Associate in the Financial Sponsors Group?

Private Equity Firm 94

Private Equity Firm Banking Equity Finance 94

Global Finance

APRIL 5, 2025

Resilience, coupled with some slightly sunnier macroeconomic conditions, suggests that M&As and initial public offerings (IPOs) in 2025 could maintain momentumdespite certain aspects of corporate finance currently being on the downtrend. The majority were in sustainable finance, where the bank has committed to facilitate $10.9

Banking 52

Banking Finance Dividends Equity 52

RNC

JULY 2, 2024

This evaluation is pivotal because it dictates the terms of investment, directly influencing how much equity (ownership) a founder must relinquish in exchange for funding from the Sharks. Conversely, a lower valuation may require founders to give up more equity.

Business Valuation 52

Business Valuation Dividends Discounted Cash Flow Price to Earnings 52

Andrew Stolz

AUGUST 6, 2020

The Gordon growth model, or GGM, is used to calculate the intrinsic value of a stock from future dividends. The model only works for companies that pay out dividends, which have a constant growth rate. Dividend growth rate . What Impacts the Gordon Growth Model? The required rate of return . P = D 1 /r – g.

Dividends 52

Dividends Equity Business Valuation Finance 52

Reynolds Holding

MAY 20, 2024

One of the keys of successful private equity investing is properly aligning the economic incentives and interests of the sponsor and its portfolio companies’ management teams as they evolve over time. private equity transactions, sponsors now often grant tax-advantaged profits interests to the U.S.

Equity 45

Equity Fair Market Value Dividends Marketability 45

Benzinga

AUGUST 12, 2024

In addition, the Company has entered a Share Exchange Agreement and strategic financing with Star Equity Holdings, Inc. million exchange of equity between the parties and Enservco's issuance of a $1 million short-term promissory note to Star (the "Star Transaction") to facilitate the closing the Buckshot acquisition.

Equity 40

Equity Dividends Compliance Finance 40

Benzinga

APRIL 28, 2023

With the success of the first quarter, the Board announced a quarterly cash dividend of $0.20 of tangible shareholders' equity (1) at March 31, 2023. million; Return on average assets was 1.01%; Return on average equity of 8.91% and return on average tangible common equity (1) of 11.97% for the quarter ended March 31, 2023.

Dividends 40

Dividends Banking Book Value Equity 40

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?)

Corporate Finance 99

Corporate Finance Finance Start-ups Marketability 99

Andrew Stolz

AUGUST 5, 2020

The WACC is the average cost of raising capital from all sources, including equity, common shares, preferred shares, and debt. The optimal capital structure of a company is the proportion of debt and equity financing that maximizes the company’s value while minimizing the cost of capital (WACC).

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Equity Capital Structure Equity Financing 52

Brian DeChesare

OCTOBER 26, 2022

Collectively, these show you a company’s revenue, expenses, cash, debt, equity, and cash flow over time, and you can use them to determine why these items have changed. For example, if the company claims it will generate $5 billion of Free Cash Flow and use it to repay $1 billion of Debt and issue $4 billion in Dividends, is that realistic?

Dividends 72

Dividends Start-ups Finance Equity 72

Reynolds Holding

AUGUST 2, 2023

2019) , for example, strong ESG performance correlates positively with higher equity returns and a reduction in downside risk. In a new paper, we address the impact of ESG ratings on a firm’s financial performance by studying how those ratings affect the cost of equity (COE). The Journal of Finance 74 (6), 2789–2837.

Equity 40

Equity Specific Risk Equity Financing Dividends 40

Musings on Markets

FEBRUARY 8, 2022

In the four decades that I have been teaching finance, I have always started my discussion of risk with a Chinese symbols for crisis, as a combination of danger plus opportunity: Over the decades, though, I have been corrected dozens of times on how the symbols should be written, with each correction being challenged by a new reader.

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Global Finance

APRIL 5, 2025

You saw some big [TMT] deals in the US, but also here in Europe, McKinseys Mieke Van Oostende, a senior partner in Brussels and co-leader of the consultancys global M&A practice, tells Global Finance. Another sector that made a major jump is banking, which includes private equity. Lyndsey Zhang Healthcare: J.P. Morgan J.P.

Banking 52

Banking Finance Equity Marketability 52

Musings on Markets

JUNE 17, 2025

For more established private businesses, some of which need capital to grow and some of which have owners who want to cash out, the capital has come from private equity investors.

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Brian DeChesare

JUNE 1, 2022

Traditionally, the sector was viewed as a defensive play for investors who wanted stable dividends and no drama. Companies tend to offer high, stable dividend yields, and they finance their massive capital expenditures primarily with debt , with the highest leverage ratios of any industry outside of financial institutions.

Banking 98

Banking Equity Book Value Capital Structure 98

Reynolds Holding

JUNE 16, 2024

equity market. And yet, few scholars have examined how exactly the Big Three, and institutional investment managers more broadly, exhibit growth in equity ownership. Other corporate distributions that have a similar effect on ownership are cash financed acquisitions and going private transactions.

Dividends 45

Dividends Covariance Equity Finance 45

Andrew Stolz

NOVEMBER 17, 2021

When I started in finance, buybacks were almost unheard of; now, companies prefer to distribute cash through buybacks. companies have distributed more money through buybacks than through dividends. Finally, some lazy managers may use buybacks as a tool to manipulate short-term returns on equity and the stock price.

Dividends 52

Dividends Capital Structure Banking Start-ups 52

Andrew Stolz

AUGUST 6, 2020

Absolute valuation is calculated through the discounted dividend model (DDM) method and discounted cash flow (DCF) method where you only focus on the stock and look at its dividends, cash flow, and growth. Often companies don’t pay dividends every quarter or every year hence making their payouts irregular. D0 = D1 ÷ (r – g).

Discounted Cash Flow 52

Discounted Cash Flow Dividends Price to Earnings Net Present Value 52