Equidam

SEPTEMBER 13, 2023

Editor’s note: This post was originally published in November 2016 and has been updated with latest data for accuracy in September 2023. When do we expect the company to be generating revenues? Companies providing forecasts have an intrinsic incentive in being accurate one possible, receiving a fair valuation.

Start-ups 119

Start-ups Banking Marketability Technology 119

Reynolds Holding

NOVEMBER 8, 2023

The January 2023 report ESG Performance and Enterprise Value: Do Firms with Stronger ESG Performance Have Higher Valuation Ratios? investigated the relationship between the ISS ESG Performance Score (a normalized version of the ISS ESG Corporate Rating ) and two valuation ratios from the ISS Economic Value Added (EVA) framework.

Enterprise Value 52

Enterprise Value Price to Book Marketability Book Value 52

Brian DeChesare

DECEMBER 20, 2023

And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023.

Banking 96

Banking Start-ups Finance Corporate Finance 96

Reynolds Holding

FEBRUARY 4, 2024

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. The 2023 banking crisis, and the ongoing macroeconomic conditions, further highlight the significance of debt capital as a lifeblood of business. The private credit market has reached $1.6

Equity 64

Equity Corporate Finance Finance Banking 64

Musings on Markets

OCTOBER 12, 2023

In response, I have been told that the problem is not with the idea of ESG, but in its measurement and application, and that impact investing is the solution to both market and society's problems. Impact Investing: The What, The Why and the How! That is the question that I hope to address in this post.

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

Musings on Markets

AUGUST 25, 2023

In parallel, as the 2023 baseball season winds down, questions about which team would sign Shohei Ohtani, its best player, and f or how much were widely debated in the media. I have always loved sports, playing tennis and cricket when I was growing up, before transitioning to fan status, cheering for my favored teams from the sidelines.

Start-ups 92

Start-ups Dividends Marketability Finance 92

Brian DeChesare

JANUARY 31, 2024

They might have separate teams for specific strategies or markets, but everything is run under a single Profit & Loss statement (P&L). Depending on your personality, skill set, and long-term goals, these single-manager funds or “hybrid funds” could be perfect or far from ideal: What Are Single-Manager Hedge Funds?

Start-ups 59

Start-ups Equity Marketability Banking 59

Musings on Markets

FEBRUARY 11, 2023

A few weeks ago, I posted my first data update pulling together what I had learned from looking at the data in 2023, and promised many more on the topic. I describe myself as a dabbler, and it does get in the way of my best laid plans.

Risk Premium 76

Risk Premium Start-ups Equity Marketability 76

Musings on Markets

JANUARY 19, 2022

In this post, I will begin with a historical assessment of stock returns in the recent past, then move on to evaluate the returns that investors can expect to make, given how they are priced at the start of 2022, and end with a do-it-yourself valuation of the index right now. The year that was.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Brian DeChesare

AUGUST 23, 2023

2008 – 2009 or 2022 – 2023), the percentage may be even higher. 2008 – 2009 or 2022 – 2023), the percentage may be even higher. All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates.

Banking 52

Banking Start-ups Finance Marketability 52

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] billion leading the pack.

Equity 59

Equity Finance Marketability Start-ups 59

Musings on Markets

FEBRUARY 16, 2024

In the context of valuing companies, and sharing those valuations, I do get suggestions from readers on companies that I should value next. These are three very different stories, but what they share in common is a fear, imminent or expected, of a catastrophic event that may put a company's business at risk.

Risk Premium 74

Risk Premium Start-ups Beta Marketability 74

Musings on Markets

AUGUST 15, 2023

In every introductory finance class, you begin with the notion of a risk-free investment, and the rate on that investment becomes the base on which you build, to get to expected returns on risky assets and investments. What is a risk free investment?

Risk-free Rate 80

Risk-free Rate Treasury Risk Premium Start-ups 80

Brian DeChesare

MAY 17, 2023

I’ll cover the top firms, deals, recruiting, and career differences here, but as with any superhero saga, I’ll start with the origin story: Definitions: What is a Technology Private Equity Firm? The lines between different strategies have blurred over time, and many firms have multiple funds that target companies at different stages.

Equity 64

Equity Technology Private Equity Firm Start-ups 64

Musings on Markets

FEBRUARY 2, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

Start-ups 99

Start-ups Risk-free Rate Market Capitalization Marketability 99

Brian DeChesare

MARCH 22, 2023

” So, what happened? And what should you do if you have an internship or full-time offer at CS or UBS? UBS and Credit Suisse: What Happened? With the number of emergency / news-related articles on this site lately – two in a row! it’s starting to feel a lot like 2008. Why did UBS just acquire CS for less than $1.00

Banking 90

Banking Start-ups Corporate Finance Marketability 90

Brian DeChesare

MARCH 13, 2023

In this “emergency article,” I’ll cover: Exactly what happened , including some points I haven’t seen mentioned elsewhere. Then, the bank lends these funds to companies and individuals and charges interest on these loans. It’s the second-biggest bank failure in U.S. history and the largest bank to collapse since 2008.

Banking 112

Banking Start-ups Equity Treasury 112

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