Peak Business Valuation

AUGUST 26, 2023

Insurance brokerages sell insurance policies and annuities to businesses, individuals, and governments. This industry also retains healthy profit margins. Whether you are entering or exiting the insurance industry, it is important to understand how to value an insurance brokerage. Keep in mind, this article is only a guide.

Business Valuation 52

Business Valuation Fair Market Value Appraisal EBITDA 52

Musings on Markets

JULY 1, 2022

As inflation has taken center stage, markets have gone into retreat globally, and across asset classes. In 2022, as bond rates have risen, stock prices have fallen, and crypto has imploded, even true believers are questioning what the bottom for markets might be, and when we will get there. Risk Capital: What is it?

Marketability 88

Marketability Risk Premium Start-ups Equity 88

FE International

MARCH 23, 2022

This article is part of our Valuation by Business Model series, in which we provide you with information on what makes your particular business model unique when it comes to SaaS business valuation. For more in-depth reading on valuation, see our post How to Value a Website or Internet Business. How To Sell a SaaS.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Musings on Markets

NOVEMBER 9, 2021

I have been writing about, and valuing, Tesla for most of its lifetime in public markets, and while it remains a company that draws strong reactions, it is also one that I truly enjoy valuing. Tesla: The Back Story I first valued Tesla in 2013 , as a "luxury automobile company" and I have valued almost every year since.

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

ThomsonReuters

JULY 8, 2021

Although your firm’s tax compliance practice is healthy and well-established, you may have a desire to grow into a new, larger role for your clients. Meanwhile, advisory services have emerged as in demand and highly profitable. . This is not some underwear gnome’s profit plan – this is based on facts. Phase 1, automate.

Compliance 52

Compliance Start-ups Accounting Firms Finance 52

Lighter Capital

JANUARY 11, 2022

How do warrants work? Ready to arm yourself with knowledge that will help you make the best financing decisions to keep growing a healthy business? You have to assume you’ll be required to make this payment, which can easily be enough to disrupt your startup’s cashflow and operations. Let's dive in.

Debt Financing 52

Debt Financing Equity Finance Start-ups 52

Equilest

MAY 27, 2023

To delve deeper into the topic of evaluating inventory's impact on business valuation and to gain valuable insights into efficient inventory management strategies - keep reading this blog post. While multiple factors contribute to business valuation, one element that often holds significant importance is inventory.

Business Valuation 40

Business Valuation Intangible Assets Technology Data Analysis 40

IBG Business

NOVEMBER 30, 2022

Business Sales in the Oil-and-Gas Industry: Insights from M&A Specialist Gary Papay. While some aspects of a business sale are nearly universal, every industry has distinctive qualities that affect the spectrum of factors, from market value to likely buyers. The oil-and-gas industry is certainly no exception.

Start-ups 52

Start-ups Marketability Banking Equity 52

IT Valuations

MARCH 1, 2021

Just how long of a process will depend on the size of the companies involved, but there are always many moving parts. What I’ve found is that the “when,” “why,” “what” and “how” is not always clear. The journey of building a tech firm is filled with milestones. First hire (first fire).

Technology 40

Technology Start-ups Marketability 40

Musings on Markets

FEBRUARY 27, 2023

We have an uneasy relationship with debt, both in our personal and business lives. All that said, businesses around the world have borrowed money though time to fund their operations, sometimes for good reasons and sometimes for bad, and over time, these businesses have also faced cycles of too much debt leading to painful cleansing.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

AUGUST 2, 2021

Second, while valuation practitioners have created their own buzzwords to create an aura of mystery, and added complexities, often with no reason other than to intimidate outsiders, I believe that anyone should be able to value a company, as I hope to show later in this post. Let me dispel both delusions.

Marketability 52

Marketability Start-ups Technology Market Risk 52

Musings on Markets

JANUARY 29, 2021

As you undoubtedly know, the last few days have been filled with news stories of how small investors, brought together on online forums, have not only pushed up the stock prices of the stocks that they have targeted (GameStop, AMC, BB etc.), But what if you think a stock is too highly priced and is likely to go down?

Start-ups 52

Start-ups Marketability Banking Finance 52

Musings on Markets

JANUARY 31, 2024

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital.

Equity 79

Equity Book Value Start-ups Corporate Finance 79

Musings on Markets

OCTOBER 6, 2023

The resulting debate among accountants about how to bring intangibles on to the books has spilled over into valuation practice, and many appraisers and analysts are wrongly, in my view, letting the accounting debate affect how they value companies.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104

Musings on Markets

JUNE 23, 2023

The first is that my portfolio has held up well this year, in a market that has been top-heavy and tech-driven, and one big reason is that it contains both NVIDIA and Microsoft, two companies that have benefited from the AI story. I will start this post with a couple of confessions. From High Growth to Maturity!

Start-ups 91

Start-ups Marketability Market Capitalization Technology 91

Musings on Markets

FEBRUARY 8, 2022

In the first few weeks of 2022, we have had repeated reminders from the market that risk never goes away for good, even in the most buoyant markets, and that when it returns, investors still seem to be surprised that it is there. That said, thinking about risk as a combination of danger and opportunity is both healthy and all encompassing.

Risk Premium 67

Risk Premium Beta Start-ups Equity 67

Reynolds Holding

AUGUST 22, 2022

Responses to financial crises can have the unfortunate effect of creating “zombie” firms, companies whose operating profits are insufficient to cover their debt service. I contend that not all zombies are equal – zombies that have undertaken, or could undertake, effective restructurings can be nursed back to life.

Banking 45

Banking Finance Capital Structure Marketability 45

Cooley M&A

JANUARY 20, 2022

General trends in life sciences M&A. Although the COVID-19 pandemic that defined 2020 continued to shape much of the life sciences industry in 2021, the way that it did was markedly different. 1] Major all-cash acquisitions have followed, such as Arena Pharmaceutical’s agreement to sell to Pfizer for $6.7 With COVID?19

Marketability 40

Marketability Start-ups Equity Technology 40

Reynolds Holding

JULY 27, 2022

And so we must consider how we can help investors better understand fees, which directly reduce the life savings entrusted to funds. As I have noted previously, investors are, in a word, busy. As I have noted previously, investors are, in a word, busy. Good afternoon.

Banking 45

Banking Marketability Finance Corporate Finance 45