Musings on Markets

MARCH 25, 2021

To understand the story and put it in context, I will go back more than a decade to the 2008 crisis, and note how in its aftermath, US treasury rates dropped and stayed low for the next decade. Coming in 2020, the ten-year T.Bond rate at 1.92% was already close to historic lows.

Equity 52

Equity Risk-free Rate Treasury Start-ups 52

Brian DeChesare

AUGUST 10, 2022

Historically, these panicked questions were usually variations of: “Will I get pigeonholed? I don’t want to be stuck in oil & gas forever. How do I move around? Isn’t the entire world going to stop using fossil fuels immediately and switch to solar power for everything?”. petroleum or geophysical engineering).

Banking 88

Banking EBITDA Dividends Equity 88

Musings on Markets

DECEMBER 10, 2023

Can one person make a difference to the value of a business? Of course, and with small businesses, especially those built around personal services (a doctor or plumber’s practice), it is part of the valuation process, where the key person is valued or at least priced and incorporated into valuation. Who is a key person?

Key Person Discount 113

Key Person Discount Start-ups Price to Book Marketability 113

Brian DeChesare

JANUARY 11, 2023

You can ask the tool almost any question, and it will generate text or computer code in response (with some restrictions). This leads us to the possible impact on investment banking and other finance-related roles. I’ve also tested it for industry research and financial model outlines.

Banking 103

Banking Start-ups Finance Compliance 103

Musings on Markets

JULY 22, 2021

In this post, I will value Zomato, and rather than just make a value judgment (which I will), I will also tie the value per share to macro expectations about the overall market. Setting the Stage As a lead in to valuing Zomato, it makes sense to look not just at the company’s history, but also at its business model.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Equilest

AUGUST 6, 2023

Whether you are an investor, a business owner, or a finance professional, the ability to accurately assess the worth of a company is crucial for making informed decisions. Understanding Company Valuation Definition of Company Valuation: Company valuation is the process of determining the economic value of a business entity.

Discounted Cash Flow 40

Discounted Cash Flow Business Valuation Precedent Transaction Analysis Comparable Company Analysis 40

Reynolds Holding

JANUARY 22, 2024

I am honored to be delivering the Alan B. In thinking about how to regulate these offerings, what should we do if we had a blank canvas to craft a new regime? This speech is the third in my initial trilogy of thoughts regarding topics in the CorpFin space. 1] If rule 146 does not ring a bell, do not worry. Ralston Purina Co. [4]

Start-ups 45

Start-ups Marketability Price to Earnings Finance 45

Musings on Markets

FEBRUARY 4, 2023

The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research, an investing group that specializes in targeting and shorting companies that it believes have dubious accounting and business practices.

Start-ups 100

Start-ups Market Capitalization Marketability Equity 100

Musings on Markets

JULY 25, 2023

I have looked at country risk, in all its dimensions, towards the middle of each year, for the last decade, for many reasons. Coca Cola is a US company, in terms of history and incorporation, but it generates a significant portion of its revenues from the rest of the world.

Risk Premium 52

Risk Premium Equity Start-ups Risk-free Rate 52