Musings on Markets

JANUARY 12, 2021

Corporate Finance : Corporate finance is the development of the first financial principles that govern how to run a business. It is that mission that makes corporate finance the ultimate big picture class, one that everyone (entrepreneurs, investors, analysts, business observers) should take.

Valuation 52

Valuation Corporate Finance Finance Investments 52

Musings on Markets

NOVEMBER 10, 2022

That skewing can affect valuation and pricing judgments about these firms, and correcting accounting inconsistencies is a key step towards leveling the playing field. Accounting 101 I am not an accountant, and have no desire to be one, but I have used their output (accounting statements) as raw material in valuation and corporate finance.

Accounting 97

Accounting Advertising Valuation Investments 97

Global Finance

MAY 10, 2024

Manufacturing shows promising signs of recovery while nearshoring and friendshoring in new markets are becoming stronger trends. The agency recorded a decline in international investment project announcements, particularly in project finance (21%) and mergers and acquisitions (16%). At an estimated $1.37

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Manufacturing Profit and Loss Investments 52

CFO News Room

JANUARY 18, 2023

Even though we live in an age where user platforms and hyper revenue growth can drive company valuations, that adage remains true. The proverbial bottom line for success in business is the capacity to deliver profits, at least in the long term.

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

CFO News Room

NOVEMBER 5, 2022

I have written about the firm many times, over that period, starting with a valuation that I did of the company in 2012, just ahead of it going public. In these companies, as an outside investor, you have to build that reality into your valuations, leading to discounts to your value that reflect how much you trust management.

Marketing 130

Marketing Advertising Profit and Loss Investments 130

Musings on Markets

FEBRUARY 27, 2022

Even though we live in an age where user platforms and hyper revenue growth can drive company valuations, that adage remains true. The proverbial bottom line for success in business is the capacity to deliver profits, at least in the long term.

Hurdle Rate 99

Hurdle Rate Investments Accounting Entertainment 99

Musings on Markets

NOVEMBER 4, 2022

I have written about the firm many times, over that period, starting with a valuation that I did of the company in 2012, just ahead of it going public. In these companies, as an outside investor, you have to build that reality into your valuations, leading to discounts to your value that reflect how much you trust management.

Advertising 105

Advertising Profit and Loss Investments Marketing 105

Musings on Markets

DECEMBER 10, 2023

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. To estimate key person value, there are three general approaches: 1.

Valuation 128

Valuation Profit and Loss Entertainment Investments 128

Musings on Markets

JULY 24, 2024

Country Risk in Business Most corporate finance classes and textbooks leave students with the proposition that the right hurdle rate to use in assessing business investments is the cost of capital, but create a host of confusion about what exactly that cost of capital measures.

Hurdle Rate 75

Hurdle Rate Currencies Valuation Economics 75

Barry Ritholtz

FEBRUARY 4, 2025

It all gives a very corporate finance addition to my macroeconomic thinking. And that was and continues to be the main significant attraction that I find so exciting about my job naming that is combining the macro world with the corporate finance and the deal team world in private credit and private equity.

Economics 103

Economics Finance Manufacturing Banking 103

Global Finance

DECEMBER 27, 2024

High interest rates were an issue; steep borrowing costs and lower returns created valuation mismatches, ultimately reducing the size, scope, and appeal of private equity deals. Valuation gaps narrowed and more deals were completed, but it wasnt a full rebound to pre-slowdown levels. The leverage was quite challenging, Dermarkar notes.

Mergers and Acquisitions (M&A) 114

Mergers and Acquisitions (M&A) Valuation Investments Technology 114