Musings on Markets

FEBRUARY 2, 2023

The second is that barring the oil companies, whose revenues and margins ebb and flow with oil prices, the only firm on this list that generates double digit margins is Apple, which has been rewarded with the largest market capitalization of any company in the world. It was the reason that I argued at a $1.2

Start-ups 99

Start-ups Risk-free Rate Market Capitalization Marketability 99

Chris Mercer

AUGUST 1, 2022

Were also bigger and had higher market capitalizations and better operating performance, on average. There is no information in any restricted stock study to help business appraisers estimate the value of expected future dividends. And what about the terminal value that gives rise to capital appreciation?

Dividends 52

Dividends Appraisal Marketability Start-ups 52

Equidam

APRIL 22, 2025

10] Initial Public Offerings (IPOs): While the ultimate pricing of an IPO is determined by public market demand and conditions, pre-IPO valuations set by late-stage private rounds guide expectations and internal planning. [11] 1] , [21] , [23] , [29] The terminal value is estimated by applying a relevant market multiple (e.g.,

Discounted Cash Flow 64

Discounted Cash Flow Terminal Value Marketability EBITDA 64