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

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 Equity Financing Specific Risk Dividends 40

Reynolds Holding

DECEMBER 10, 2023

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. The point being that although the logic for each of these rationales is distinct, the very act of doing a share buyback influences the whole of the corporate finance ecosystem.

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

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

Musings on Markets

MARCH 8, 2023

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. Viewed in that context, dividends as just as integral to a business, as the investing and financing decisions.

Dividends 91

Dividends Start-ups Finance Corporate Finance 91

Benzinga

JUNE 14, 2023

Fully Financed Transaction, Structured to Maintain Investment Grade Ratings Gibson has fully committed bridge financing facilities totaling US$1.1 After giving effect to the Transaction, the Equity Offering and the Debt Offerings, Gibson expects its Net Debt to Adjusted EBITDA ratio to be approximately 3.2x, within the targeted 3.0x

Dividends 40

Dividends Equity Finance EBITDA 40

Valutico

APRIL 17, 2023

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. These costs are then combined into a “weighted average” which represents the overall cost of financing a business.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Discounted Cash Flow Beta Risk-free Rate 52

Valutico

APRIL 17, 2023

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. These costs are then combined into a “weighted average” which represents the overall cost of financing a business.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Discounted Cash Flow Beta Risk-free Rate 52

Valutico

APRIL 12, 2023

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. These costs are then combined into a “weighted average” which represents the overall cost of financing a business.

Weighted Average Cost of Capital 52

Weighted Average Cost of Capital Discounted Cash Flow Beta Risk-free Rate 52

Valutico

MARCH 20, 2023

million for the financial year ending 31 December 2022, and its tangible equity is expected to be around GBP 1.4 (USD They announced a 50% dividend payout ratio projected for 2023 and 2024 as well as a return to quarterly dividends from Q1 this year. HSBC is also planning a special dividend of $0.21 USD 1.68) billion.

Dividends 52

Dividends Banking Equity Market Capitalization 52

Musings on Markets

JANUARY 28, 2024

In my last data updates for this year, I looked first at how equity markets rebounded in 2023 , driven by a stronger-than-expected economy and inflation coming down, and then at how interest rates mirrored this rebound. What is risk?

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

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. These interviews are not just a mere formality but a critical component of the hiring process in finance, investment banking, and consulting.

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Brian DeChesare

APRIL 24, 2024

Diversity, Equity & Inclusion (DEI) Events – These are like the “programs” above but provide underrepresented minorities (URM) with the chance to get fast-tracked for initial interviews. “Programs” – These are more like spring weeks in the U.K. Outside the diversity programs, the 3-day pre-MBA events are rarely worth it.

Start-ups 59

Start-ups Banking Finance Equity 59

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

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

Valutico

MARCH 28, 2023

As of now, UBS is offering a dividend of USD 0.55 per common stock, with a dividend yield of 2.70%. Five-year share price chart is shown below: Source: Yahoo Finance, [link] Valutico Analysis We analyzed UBS Group AG by using our Flow-to-Equity simplified approach, as well as a Trading Comparables analysis.

Banking 52

Banking Dividends Equity Marketability 52

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 Banking Capital Structure Start-ups 52

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 91

Marketability Start-ups Treasury Dividends 91

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

Benzinga

JULY 12, 2022

Capital Power will finance the transaction using cash on hand and its credit facilities and will not need to access the equity markets to finance the transaction. 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%.

Dividends 40

Dividends Finance EBITDA Equity 40

Musings on Markets

JANUARY 19, 2022

If equity markets surprised us with their resilience in 2020, not just weathering a pandemic for the ages, but prospering in its midst, US equity markets, in particular, managed to find light even in the darkest news stories, and continued their rise through 2021. The year that was.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

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

Benzinga

DECEMBER 11, 2023

billion within 12 months and expect to retain its investment grade credit ratings Combined position builds upon Occidental's subsurface understanding and leading well performance, while providing operational flexibility and upside Occidental also announced its intention to increase the quarterly common stock dividend per share by $0.04

Dividends 40

Dividends Finance Equity 40

Brian DeChesare

OCTOBER 11, 2023

While people obsess over investment banking and private equity, other sectors within finance, such as commercial real estate (CRE) , often go ignored. It’s like the buy-side vs. sell-side distinction in finance, but specifically for real estate.

Banking 83

Banking Private Equity Firm Start-ups Equity 83

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

Valutico

MARCH 1, 2023

Furthermore, the company increased dividends by 10% and announced that it will buy back GBP 2.3 (USD BP’s five-year share price chart is shown below: Source: Yahoo Finance, [link] Valutico Analysis We analyzed BP p.l.c. The Flow-to-Equity analysis produced a value of GBP 102 (USD 123) billion using a Cost of Equity of 7.7%.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Andrew Stolz

AUGUST 7, 2020

Within corporate finance, the agency problem is considered as the conflict of interest between the company’s managers and its stockholders. A secondary conflict is that managers want to re-invest profits in the business, while shareholders may prefer more dividends paid out. Definition of the Agency Problem.

Dividends 52

Dividends Corporate Finance Finance Banking 52

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 78

Risk Premium Equity Start-ups Treasury 78

Reynolds Holding

JUNE 15, 2022

But they have become even more so recently because of the perception that the excess funds used to finance buybacks have come from tax cuts and other sources (such as government bailouts) that were intended to stimulate reinvestment or enhance wages and benefits for workers. Those who fail to reinvest do no better than bondholders.

Dividends 59

Dividends Equity Finance Marketability 59

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 77

Private Equity Firm Banking Equity Finance 77

Benzinga

MAY 15, 2022

Evolution Energy Minerals Ltd (ASX:EV1) has appointed highly experienced, leading financial advisory group Auramet International to advise and secure project financing for its Chilalo Graphite Project in Tanzania. Australian Strategic Materials Ltd (ASX:ASM)'s South Korean connection is paying dividends with KCF Energy Co.

Dividends 40

Dividends Finance 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 89

Corporate Finance Finance Start-ups Marketability 89

Valutico

NOVEMBER 28, 2022

Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. At this level the dividend yield is 2.8%. . ABB’s five-year share price chart is shown below: Source: Yahoo Finance, [link]. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Valutico

NOVEMBER 28, 2022

Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. At this level the dividend yield is 2.8%. . ABB’s five-year share price chart is shown below: Source: Yahoo Finance, [link]. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 52

Value Scout

DECEMBER 15, 2022

million shares for 14 cents per share in addition to interest and dividends. Borrowed money finances the buyout to pay for the investment. The contract usually has a high debt-to-equity ratio for which a high share of the purchase price is paid by borrowing against what is paid outright. GE Credit Corporation purchased 2.3

Equity 52

Equity Finance Dividends Compliance 52

Valutico

JUNE 14, 2023

Understanding Free Cash Flow: A Key Metric for Financial Analysis In the dynamic landscape of finance, it is essential to have a comprehensive understanding of a company’s financial health. Dividends and Share Repurchases : Companies with positive free cash flow can distribute value to shareholders through dividends or share buybacks.

Dividends 52

Dividends Discounted Cash Flow Finance Intangible Assets 52

Benzinga

NOVEMBER 2, 2022

million of consolidated debt and finance lease obligations. million of undrawn forward equity, the net debt to annualized adjusted EBITDA ratio would be 6.0x. FINANCING ACTIVITY. As previously announced, the Board of Trustees declared a fourth quarter 2022 regular cash dividend of $0.13 million and $53.7 million or $0.7

Dividends 52

Dividends Equity Net Debt Finance 52