Valutico

OCTOBER 17, 2022

We have performed a Trading Comparables analysis and a discounted cash flow using the Flow to Equity Approach. In the fo rmer, we compared Porsche with peers such as BMW, Mercedes-Benz, Ferrari and Ford using thethe EV/EBITDA and the EV/EBIT multiples. We arrived at a value of €133 billion using a Cost of Equity of 6.7%. .

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Valutico

NOVEMBER 28, 2022

billion with EBIT margin increasing to 16.6% Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. billion using a Cost of Equity of 7.1%. ABB’s order intake rose 4% to CHF 7.9 Sales rose 5% to CHF 7.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Valutico

NOVEMBER 28, 2022

billion with EBIT margin increasing to 16.6% Interogo Holding’s equity strategy fund, the family office Moyreal and Michael Halbherr, chairman of ABB E-Mobility, are participating in the private placement. billion using a Cost of Equity of 7.1%. ABB’s order intake rose 4% to CHF 7.9 Sales rose 5% to CHF 7.1

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Dividends 52

Musings on Markets

JANUARY 5, 2024

Return on Equity 1. Equity Risk Premiums 2. Costs of equity & capital 4. Costs of equity & capital 1. Fundamental Growth in Equity Earnings 2. Return on Equity 2. Standard Deviation in Equity/Firm Value 2. EBIT & EBITDA multiple s 5. Beta & Risk 1. Debt Details 1.

Dividends 106

Dividends Risk Premium Equity Book Value 106

Valutico

FEBRUARY 8, 2023

by using the Discounted Cash Flow method, specifically our Flow-to-Equity approach, as well as a Trading Comparables analysis. The Flow-to-Equity analysis produced a value of $308 billion using a Cost of Equity of 9.2%. For our Trading Comparables we selected similar peers such as Mastercard, PayPal and American Express.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Equity EBITDA 52

Valutico

DECEMBER 19, 2022

The company also was able to increase its EBITDA by 6.5% with an overall EBITDA margin of 35.2%. The Discounted Cash Flow analysis produced a value of €189 billion using a Cost of Equity of 6.7%. . In October Anheuser-Busch InBev published its earning call for the third quarter, where they announced a revenue of $15.1

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

DECEMBER 19, 2022

The company also was able to increase its EBITDA by 6.5% with an overall EBITDA margin of 35.2%. The Discounted Cash Flow analysis produced a value of €189 billion using a Cost of Equity of 6.7%. . In October Anheuser-Busch InBev published its earning call for the third quarter, where they announced a revenue of $15.1

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

MARCH 1, 2023

by using the Discounted Cash Flow method, specifically our Flow-to-Equity approach, as well as a Trading Comparables analysis. 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

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

Valutico

SEPTEMBER 22, 2023

This method is common in industries where valuations are commonly expressed as a multiple of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) or Earnings Before Interest and Taxes (EBIT). It represents the total market value of the company’s equity. billion, and EBITDA is $500 million.

Discounted Cash Flow 52

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

Valutico

NOVEMBER 14, 2022

We analyzed TotalEnergies by using the Flow to Equity method and a Trading Comparables analysis. The Flow to Equity analysis produced a value of €272 billion, with a Cost of Equity of 8.9%. We used a wide range of peers for this analysis, including the likes of Equinor, Shell and Exxon Mobil.

EBIT 52

EBIT Dividends Equity EBITDA 52

Valutico

NOVEMBER 14, 2022

We analyzed TotalEnergies by using the Flow to Equity method and a Trading Comparables analysis. The Flow to Equity analysis produced a value of €272 billion, with a Cost of Equity of 8.9%. We used a wide range of peers for this analysis, including the likes of Equinor, Shell and Exxon Mobil.

EBIT 52

EBIT Dividends Equity EBITDA 52

Equilest

NOVEMBER 25, 2023

Understanding the Concept: In essence, FCFF encapsulates the cash that can be distributed to both debt and equity holders after meeting operational needs and capital expenditures. The resulting value represents the cash available to all contributors of capital—both debt and equity. What is Free Cash Flow to Equity?

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Valutico

OCTOBER 28, 2022

We used the observed trading multiples EV/EBITDA, EV/EBIT and P/E of a group of similar listed peers for our Trading Comparables analysis, arriving at a valuation range of $193 billion to $237 billion. We valued Alibaba using the Discounted Cash Flow method, specifically our DCF WACC approach, as well as a Trading Comparables analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization EBITDA 52

Reynolds Holding

NOVEMBER 9, 2023

One notable development in executive performance-based pay is the surge of performance-vesting equity grants. These grants provide executives with company stock as a component of their pay, but for the grant to vest and the executive to receive the equity, the company must successfully meet predefined performance criteria.

Equity 40

Equity EBITDA EBIT Marketability 40

Valutico

DECEMBER 4, 2023

The DCF analysis yielded an equity value of USD 125 billion, predicated on a WACC of 10.1%. billion to USD 150 billion, by utilizing observed metrics such as EV/EBITDA, EV/EBIT, and P/E ratios. Additionally, the Trading Comparables analysis generated a valuation range of USD 85.4

Discounted Cash Flow 52

Discounted Cash Flow EBIT Start-ups EBITDA 52

Valutico

OCTOBER 20, 2022

Practitioners assume the business is sold as a multiple of some financial metric like EBITDA, based on what they can see today for other businesses that were sold, and what these comparable trading multiples are. . Ce = Cost of Equity. Rm – Rf) = Equity Market Risk Premium. Cp = Cost of Equity Premium. E = Equity .

Discounted Cash Flow 52

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

Valutico

JULY 3, 2023

When comparing financial metrics, it is advisable to focus on those that directly impact valuation multiples commonly used in CCAs, such as EV/Sales, EV/EBITDA, P/E, and EV/EBIT. Higher profitability may indicate better operational efficiency and competitive advantage.

Market Capitalization 52

Market Capitalization Marketability Comparable Company Analysis EBIT 52

Brian DeChesare

SEPTEMBER 11, 2024

Renewable Energy Investment Banking Definition: In renewable energy investment banking, bankers advise companies in the solar, wind, biofuel, storage, battery, smart grid, electric vehicle, hydrogen, hydroelectric, and carbon capture verticals on equity and debt issuances, asset deals, and mergers and acquisitions.

Banking 59

Banking Finance Start-ups Equity 59

Valutico

OCTOBER 7, 2024

Valuation is crucial for startups for securing funding, determining equity distribution, guiding strategic decisions, and assessing exit potential. Key takeaways: A startup is usually a young company aiming to develop unique products/services in a rapidly changing market, characterized by innovation and scalability.

Discounted Cash Flow 52

Discounted Cash Flow Marketability Equity Technology 52

Valutico

AUGUST 17, 2022

With Valutico’s new development, practitioners can quickly perform a VC valuation based on EV/Sales, EV/EBITDA, EV/EBIT and P/E multiples as a useful addition to other research on the company and the industry. The calculation of these discount rates are based on the observed betas of similar listed peer companies.

Start-ups 52

Start-ups EBIT Weighted Average Cost of Capital Discounted Cash Flow 52

Valutico

NOVEMBER 7, 2023

Users can also delve into in-depth deal specifics, like stake purchases, deal amounts, and crucial multiples such as EV/Sales, EV/EBITDA, EV/EBIT and P/E. Valutico’s customers include professionals in Banking, M&A, Corporate Finance, Audit, Tax, Accounting, Private Equity, as well as Venture Capital.

Marketability 52

Marketability EBIT Finance Business Valuation 52

Musings on Markets

OCTOBER 25, 2022

In the last two decades, I have seen free cash flow measures stretched to cover adjusted EBITDA, where stock-based compensation is added back to EBITDA, and with WeWork, to community-adjusted EBITDA, where almost all expenses get added back to get to the adjusted value.

Dividends 108

Dividends EBITDA Equity Start-ups 108

Musings on Markets

FEBRUARY 23, 2025

The Debt Trade off As a prelude to examining the debt and equity tradeoff, it is best to first nail down what distinguishes the two sources of capital. To me, the key distinction between debt and equity lies in the nature of the claims that its holders have on cash flows from the business.

Equity 77

Equity EBITDA Risk Premium Gross Debt 77

Brian DeChesare

APRIL 16, 2025

Scenario #1 is the worst and could reduce many companies overall EBIT or EBITDA margins by 50%+, Scenario #2 is moderately bad, and Scenario #3 is neutral but unlikely in real life. Anyone on sales & trading desks such as rates , equity derivatives , currencies, or commodities. This is the neutral case.

Finance 64

Finance Marketability Banking Start-ups 64