Global Finance

JULY 29, 2024

Another year, another bumper crop of profits. In the first quarter of this year, the combined profits of 57 listed banks jumped 10.5% In the first quarter of this year, the combined profits of 57 listed banks jumped 10.5% surge in quarter-on-quarter profits. Quarterly performance was similarly robust, with an 11.8%

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Banking Profit and Loss Foreign Exchange 59

PYMNTS

NOVEMBER 8, 2019

The problem with large investments – the type that run into the billions of dollars – is that just as gains can be astronomical, the losses can be devastating. billion rescue, and also said it had taken its valuation of the beleaguered workspace company down by 80 percent, to around $5 billion at the end of the most recent quarter.

Profit and Loss 40

Profit and Loss Valuation Education Currencies 40

Musings on Markets

FEBRUARY 10, 2021

The third is currency, with hurdle rates, for any given project, varying across currencies. Currency I have studiously avoided dealing with currencies so far, by denominating all of my illustrations in US dollars, but that may strike some of you as avoidance. Cost of equity in US $ for German project = 1% + 1.1

Hurdle Rate 52

Hurdle Rate Currencies Investments Valuation 52

PYMNTS

MAY 25, 2016

billion valuation and shares trading at $14-16 a share. At its post-IPO valuation and share price, Etsy was roughly 52 times its adjusted earnings. A pretty impressive feat, considering at the time of its IPO Etsy wasn’t actually profitable yet. A little over a year ago, Etsy IPOed, mostly to a round of applause.

Profit and Loss 40

Profit and Loss Problem Solving Valuation Sales 40

Musings on Markets

JANUARY 9, 2021

To illustrate, consider a practice in valuation, where analysts are trained to add a small cap premium to discount rates for smaller companies, on the intuition that they are riskier than larger companies. It is true that the Turkish company will face more risk because of its location, but that is an issue separate from currency.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

PYMNTS

JUNE 24, 2016

But on the upside, with the various scandals, higher than expected default rates, and a loss of stock market investor confidence that neatly mirrors the diminishing confidence of platform investors, the various online lenders of the nation have likely gotten good at bracing themselves. Probably not what they were hoping for today.

Currencies 40

Currencies Profit and Loss Communication Retail 40

PYMNTS

JUNE 30, 2017

Turns out that investors get nervous when profits prove elusive. Thus, a possible tech stock market fizzle, should this indeed be a harbinger, where the $2 billion valuation is the same as implied by a Blue Apron funding round two years ago. The ascendant tech IPO that, well, snapped when it reported results?

Profit and Loss 40

Profit and Loss B2B B2C eCommerce 40

CFO News Room

JANUARY 17, 2023

Neither index is particularly representative, and currency effects contaminate both, but they tell the story of devastation in the two markets. I revisited my valuation of the index, with the updated values: Spreadsheet to value the S&P 500. There are two things to note in this valuation. Flight to Safety and Collectibles.

Economics 130

Economics Valuation Treasury Forecasting 130

Musings on Markets

MARCH 19, 2022

While the value crowd, bereft of victories for a long time, may be inclined to do a victory dance, it is worth noting that the same phenomenon occurred between February and March of 2020, at the start of the COVID crisis, but that growth companies quickly recouped their losses and finished ahead of mature companies by the end of 2020.

Economics 100

Economics Valuation Treasury Forecasting 100

Barry Ritholtz

FEBRUARY 17, 2025

And I found that subsegment really interesting because we did studies on kind of decision making biases, human biases like loss aversion and other biases that impact otherwise what should be rational decisions and make them less than rational. That is not being reflected in valuations from a top down standpoint. Absolutely.

Investments 59

Investments Economics Marketing Benchmarking 59

CFO News Room

JANUARY 12, 2023

For others, it can be the portion of their capital with the longest time horizon (pension fund savings or 401Ks, if you are a young investor, for example), where they believe that any losses on risk capital can be made up over time. moving towards zero, increasing the costs of staying on the sidelines.

Investments 130

Investments Profit and Loss Marketing Numbers 130

Musings on Markets

JULY 1, 2022

For others, it can be the portion of their capital with the longest time horizon (pension fund savings or 401Ks, if you are a young investor, for example), where they believe that any losses on risk capital can be made up over time. moving towards zero, increasing the costs of staying on the sidelines.

Marketing 99

Marketing Investments Profit and Loss Numbers 99

Barry Ritholtz

OCTOBER 17, 2023

And they go on longer and longer and obviously more profitable for the states that run the lottery. But it makes a big, big difference to your long-term outcomes if you can just avoid those big losses. Then the volatility and, and the valuation makes an enormous difference. That’s the $2 that the lottery is worth for me.

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

JUNE 13, 2023

And so we go back to the basics of what our job should be, risk underwriting, risk assessment, asset prices are different from asset valuation. I mean the valuation is the future cash flow discounted at a risk-free rate plus a risk premium. RITHOLTZ: So let’s talk a little bit about valuations relative to risk and reward.

Investments 59

Investments Banking Entertainment Marketing 59

Musings on Markets

OCTOBER 25, 2022

I will use this section to clarify what free cash flows are trying to measure, how they get used in investing and valuation, and the measurement questions that can cause measurement divergences. and which ones to include (cash acquisitions, foreign exchange gains or losses etc.) What is Free cash flow (FCF)?

Valuation 107

Valuation Profit and Loss Forecasting Investments 107

Barry Ritholtz

NOVEMBER 7, 2023

He sunk all the profits into Bitcoin, he’s levered up and borrowed money and bought Bitcoin. The profits are very small, but Alameda’s cost of capital was very low since they were borrowing all the customer money. They release their profits every quarter. I mean I think his profits overall are, are high.

Numbers 65

Numbers Profit and Loss Banking Finance 65

CFO News Room

JANUARY 8, 2023

I will use this section to clarify what free cash flows are trying to measure, how they get used in investing and valuation, and the measurement questions that can cause measurement divergences. and which ones to include (cash acquisitions, foreign exchange gains or losses etc.).

Valuation 130

Valuation Profit and Loss Forecasting Investments 130

PYMNTS

MARCH 7, 2016

Lately, though, they’re probably tossing and turning over the difficulties with raising capital coupled with the simultaneous descent of their venture’s valuations. And whether, if one and two come true, there’s a business model underneath all of it to profit from. ARE WE SOLVING THE RIGHT PROBLEMS FOR THE RIGHT PEOPLE?

Banking 46

Banking Profit and Loss Retail Manufacturing 46

Barry Ritholtz

APRIL 8, 2025

And, you know, therein began, I think the unraveling and, and a little bit of the, the loss of that, you know, cultural juice that had kind of historically made that firm special. And when we experience a loss, right, a 50% loss can happen right? I don’t wanna experience loss. In a very short period of time.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Profit and Loss Numbers 59

Barry Ritholtz

MARCH 21, 2023

ASNESS: Some of the things like betting against beta, quality or profitability, carry strategies were additions over time. ASNESS: And we had a great almost a decade, because everything else we do work, profitability one; fundamental, momentum one; low risk one. ASNESS: There are a few reasons. RITHOLTZ: Okay. RITHOLTZ: Past decade.

Profit and Loss 69

Profit and Loss Valuation Forecasting Investments 69

Barry Ritholtz

NOVEMBER 25, 2024

00:21:21 [Speaker Changed] So this story came out that, oh, value is defensive because it has this valuation buffer to it 00:21:28 [Speaker Changed] In that one example. Trades a similar universe of currencies and commodities and, and equities and rates around the world. They took a point and they drew a line. Real really intriguing.

Leverage 59

Leverage Investments Marketing Math 59