Musings on Markets

OCTOBER 12, 2023

The effect of impact investing in the inclusionary and exclusionary paths is through the stock price , with the buying (selling) in inclusionary (exclusionary) investing pushing stock prices up (down), which, in turn, decreases (increases) the costs of equity and capital at these firms. in the 1998-2010 time period to 5.95

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

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. Currently the company is trading at CHF 30 per share with a market capitalization of CHF 56.1 billion using a Cost of Equity of 7.1%. 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. Currently the company is trading at CHF 30 per share with a market capitalization of CHF 56.1 billion using a Cost of Equity of 7.1%. Valutico Analysis.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization Equity 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 comparison to Anheuser-Busch InBev’s market capitalization of €112 billion we suggest that the company is undervalued. .

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 comparison to Anheuser-Busch InBev’s market capitalization of €112 billion we suggest that the company is undervalued. .

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Benzinga

AUGUST 26, 2022

Many leading publicly traded technology companies, representing over $1 trillion in aggregate market capitalization, count WTI as an early lender and partner. We view WTI not only as an industry pioneer and market leader, but also the gold standard within venture debt. million, and $25 million of EBITDA.

Technology 40

Technology Marketability EBITDA Market Capitalization 40

Valutico

JULY 3, 2023

Comparable companies are companies that operate in the same industry or market and have similar financial metrics, such as revenue, earnings, and market capitalization. Selecting Peer Companies Based on Size Size and market capitalization are important criteria in selecting comparable companies.

Market Capitalization 52

Market Capitalization Marketability Comparable Company Analysis EBIT 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

MAY 20, 2022

In my last post , I discussed how inflation's return has changed the calculus for investors, looking at how inflation affects returns on different asset classes, and tracing out the consequences for equity values, in the aggregate.

Price to Book 96

Price to Book Dividends Beta Equity 96

Musings on Markets

MARCH 19, 2022

The Market Reaction As the rhetoric of war has heated up in the last few months, markets were wary about the possibility of war, but as Russian troops have advanced into the Ukraine, that wariness has turned to sell off across markets. As Russian equities have imploded, the ripple effects again are being felt across the globe.

Start-ups 100

Start-ups Risk Premium Equity Market Capitalization 100

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%. At TotalEnergies’ current market capitalization of €148 billion, our analysis suggests that the company is undervalued.

EBIT 52

EBIT Equity Dividends 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%. At TotalEnergies’ current market capitalization of €148 billion, our analysis suggests that the company is undervalued.

EBIT 52

EBIT Equity Dividends EBITDA 52

Musings on Markets

FEBRUARY 27, 2023

To fund the business, you can either use borrowed money (debt) or owner's funds (equity), and while both are sources of capital, they represent different claims on the business. Even government-owned businesses fall under its umbrella, with the key difference being that equity is provided by the taxpayers.

Equity 52

Equity EBITDA Start-ups Net Debt 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. Alibaba’s current market capitalization of $167 billion suggests that the company is undervalued.

Discounted Cash Flow 52

Discounted Cash Flow EBIT Market Capitalization EBITDA 52

Equidam

NOVEMBER 22, 2021

2 | Industry EBITDA multiples used in the VC and DCF with multiple. Our multiples are based on public market conditions at the beginning of current year. For decades, the technology sector’s part of global GDP has been gradually increasing, as has its share of world market capitalization.

EBITDA 52

EBITDA Specific Risk Technology Marketability 52

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. For a robust comparative landscape, we enlisted similar market players like Alphabet Inc. Youtube), Apple Inc. Amazon Prime Video).

Discounted Cash Flow 52

Discounted Cash Flow Start-ups EBIT EBITDA 52

Benzinga

JULY 10, 2023

("SMGI" or the "Company") (OTCQB: SMGI ), a growth-oriented transportation services company focused on the domestic infrastructure logistics market, is pleased to announce the successful acquisition and merger of the Barnhart Transportation group of companies ("Barnhart"), a 20 year-old established logistics service provider based in Pennsylvania.

EBITDA 40

EBITDA Book Value Capital Structure Marketability 40

Musings on Markets

FEBRUARY 27, 2022

After paying taxes on this income, the residual amount represents net income, the final measure of equity earnings, and the basis for computing earnings per share and other widely used measures of profitability used by equity investors.

Start-ups 80

Start-ups Equity Book Value Marketability 80

Musings on Markets

JANUARY 5, 2024

Since I am lucky enough to have access to databases that carry data on all publicly traded stocks, I choose all publicly traded companies, with a market price that exceeds zero, as my universe, for computing all statistics. Return on Equity 1. Equity Risk Premiums 2. Return on (invested) capital 2. Return on Equity 2.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Chris Mercer

APRIL 7, 2023

The market capitalization of META is about $550 billion as I write. I might be able to handle an investment of 1,000 shares of META, but I am not the market for the entire company. That market is quite limited, but it exists, and is international in nature. XYZ Company (100% of equity). META Holdings, Inc.

Marketability 52

Marketability Fair Market Value Appraisal EBITDA 52

Musings on Markets

JANUARY 6, 2023

Thus, without a sense of what comprises a high or low profit margin for a firm, or what the cost of capital is for the typical company, it is easy to create "fairy tale" valuations and analyses. Data universe : In my sample, I include all publicly traded firms with market capitalizations that exceed zero, traded anywhere in the world.

Risk Premium 52

Risk Premium Dividends EBITDA Start-ups 52

Valutico

AUGUST 23, 2023

In the CCA method, valuation multiples such as P/E ratio, EV/Revenue ratio, and EV/EBITDA ratio, provide benchmarks for estimating value by comparing financial metrics to publicly traded companies. These cash flows typically include operating income, tax payments, and changes in working capital and capital expenditures.

Discounted Cash Flow 52

Discounted Cash Flow Comparable Company Analysis EBITDA Enterprise Value 52

Valutico

AUGUST 10, 2023

In the CCA method, valuation multiples such as P/E ratio, EV/Revenue ratio, and EV/EBITDA ratio, provide benchmarks for estimating value by comparing financial metrics to publicly traded companies. These cash flows typically include operating income, tax payments, and changes in working capital and capital expenditures.

Discounted Cash Flow 52

Discounted Cash Flow Comparable Company Analysis EBITDA Enterprise Value 52

Musings on Markets

NOVEMBER 15, 2022

In this post, I want to focus on that point, starting with a discussion of why stories matter to investors and traders and the story that propelled the company to a trillion-dollar market capitalization not that long ago. billion in revenues in 2021.

Start-ups 90

Start-ups Marketability Market Capitalization Technology 90

Musings on Markets

DECEMBER 2, 2020

In the table below, I list out the value of equity in Airbnb for variants of gross booking growth and operating margins: Rather than view this table as anything goes, I would use it to make break even assessments, given what Airbnb trades at. The other is the target operating margin, in 2031, with higher margins translating into higher value.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Musings on Markets

OCTOBER 6, 2023

In this post, I will look at another initial public offering, Birkenstock, that is likely to get more attention in the next few weeks, given that it is targeting to go public at a pricing of about €8 billion, for its equity, in a few weeks.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104

Musings on Markets

FEBRUARY 4, 2023

Given the historical roots of the biggest Indian family groups, the Adani Group has been a recent entrant, not making the top ten list (in terms of either operating metrics like revenues or market-based numbers like market capitalization or enterprise value) as recently as ten years ago, and barely making the top ten list five or six years ago.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100

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 92

Dividends EBITDA Equity Start-ups 92