CFO News Room

FEBRUARY 12, 2022

My September 2020 Valuations. I must admit I was surprised by my own valuations, since, given the low riskfree rates prevailing at the time, only one stock (Apple) looked significant over valued. Clearly, much has happened since these valuations. Updating the Numbers. to 14.9%.

Valuation 130

Valuation Profit and Loss Numbers Advertising 130

Musings on Markets

FEBRUARY 12, 2022

I must admit I was surprised by my own valuations, since, given the low riskfree rates prevailing at the time, only one stock (Apple) looked significant over valued. Clearly, much has happened since these valuations. For the latter, I am reporting on the trailing 12-month numbers, to ensure that I have the calendar year numbers.)

Valuation 103

Valuation Profit and Loss Numbers Advertising 103

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

Valuation 99

Valuation Corporate Finance Finance Financial Analysis 99

Musings on Markets

JANUARY 26, 2023

Another is that when valuing companies, I am, in addition to valuing a company to see if it is fairly priced, interested into the broader insights about business and valuation that emerge from the company. per share in 2022. Growth potential : I underestimated the company's capacity to grow, by limiting its product reach.

Valuation 98

Valuation Investments Manufacturing Marketing 98

Musings on Markets

OCTOBER 4, 2021

In this post, I will look at the levers that drive Paytm's value, and you can make your judgments on where you think this offering will lead in terms of valuation and pricing. As Paytm's product suite has expanded, its numbers reflect both its strengths and weaknesses, with four key statistics tracking its expansion.

Valuation 95

Valuation Profit and Loss Investments Numbers 95

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 numbers yield interesting insights. . 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

PYMNTS

NOVEMBER 29, 2019

Valuations are high. The interesting wrinkle here is that Silver Lake might be among the marquee names in technology investments — and with the latest deal has said that the investment would “help drive the next phase of CFG’s growth in the fast-growing premium sports and entertainment content market.”. Not just in the stock market.

Valuation 60

Valuation Investments Entertainment eCommerce 60

PYMNTS

DECEMBER 26, 2018

The companies include iQiyi, a video platform company and Nio, an electric car maker, as well as Tencent Music Entertainment. That said, longer term, Chinese companies have benefited from US listings, with the validation of more institutional shareholders and higher valuations.” .

Profit and Loss 53

Profit and Loss Entertainment Valuation Marketing 53

Barry Ritholtz

SEPTEMBER 19, 2022

So along those lines, there are some venture firms that don’t really seem to care a lot about valuations and others seem to focus on a little bit. Is valuation significant, or is it, hey, we’re going to make 100 investments and if two or three workout, the valuations are irrelevant? How do you fall in that spectrum?

Valuation 122

Valuation Investments Marketing Technology 122

PYMNTS

SEPTEMBER 29, 2019

The companies include iQiyi, a video platform company; Nio, an electric car maker; and Tencent Music Entertainment. listings, with the validation of more institutional shareholders and higher valuations.”. The level of new issuance of Chinese companies in the U.S. The level of new issuance of Chinese companies in the U.S.

Entertainment 49

Entertainment Valuation Sales Marketing 49

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 numbers yield interesting insights. The proverbial bottom line for success in business is the capacity to deliver profits, at least in the long term.

Hurdle Rate 98

Hurdle Rate Investments Accounting Entertainment 98

Musings on Markets

AUGUST 25, 2023

The Story Lines As the walls between sports and money have crumbled, we have become used to seeing mind-boggling numbers on sports transactions, whether it be in the form on broadcasting networks paying for the rights to carry sporting events or player contracts pushing into the hundreds of millions. billion, with current profitability, $2.7

Valuation 98

Valuation Numbers Investments Marketing 98

PYMNTS

APRIL 23, 2019

Delivery company Postmates announced on Tuesday (April 23) that it is expanding and adding 1,000 more cities, bringing the total number of cities it serves to 3,500 across all 50 states, according to report by Fortune. Postmates has a valuation of $1.85 We are now putting the money we have raised to great use.”. billion for DoorDash.

Entertainment 43

Entertainment Valuation Numbers Investments 43

Barry Ritholtz

FEBRUARY 17, 2025

So during my time there, I was probably employee number four or five. In fact, I think the number is net of fees 10 years out, it’s like 93% underperform the benchmark in in us. That is not being reflected in valuations from a top down standpoint. You also wanna see what is the catalyst to that valuation discount closing.

Investments 59

Investments Economics Marketing Benchmarking 59

Barry Ritholtz

JANUARY 27, 2025

And then MassMutual combined Barings investing with a number of other shops, including Babson, a very well regarded investing firm. You had a number of bankruptcies going on. And, and I’ve been proven that’s been proven to me a number of times through some mistakes, but I’ve have the scars to, to show it.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Leverage Marketing 59

PYMNTS

MARCH 16, 2018

That comes at a bad time for the toy industry, generally, which isn’t facing competition from other toys, but from other ways that kids now entertain themselves: iPads and apps. There is no toy business without Toys ‘R’ Us,” noted Isaac Larian, chief executive of MGA Entertainment, the company behind toy brands such as L.O.L.

Entertainment 40

Entertainment Sales Valuation Retail 40

PYMNTS

NOVEMBER 6, 2017

I’d love to have [the] churn [number], I just don’t think we’ll get it,” said Ross MacMillan, RBC Capital Markets analyst, in an interview with Reuters. MacMillan downgraded Shopify to sector perform earlier this year, largely due to the company’s lofty valuation and the longer time frame before new services will impact earnings.

Entertainment 40

Entertainment Valuation Numbers eCommerce 40

PYMNTS

JANUARY 24, 2020

It was a good week for Amazon’s stock price, with a valuation that briefly exceeded $1 trillion before falling back into the far more conservative $927 billion range, reaffirming its membership in the trillion-dollar club along with Microsoft ($1.27 Amazon doesn’t talk numbers that much,” said Steve Boom, head of Amazon Music. “We

Retail 52

Retail eCommerce Entertainment Valuation 52

Barry Ritholtz

SEPTEMBER 3, 2024

Heather comes from with a fascinating background, having previously been in a number of other places, most notably Morningstar, and, and she has a very specific approach to investment management and thinking about stock selection. They do a number of things at Diamond Hill that many other investment shops don’t.

Investments 59

Investments Valuation Concentration Marketing 59

Barry Ritholtz

DECEMBER 5, 2023

’cause then I figure I could always be employed either managing the numbers or doing law and get those two degrees. And I got to see firsthand what Bain was doing in strategic consulting and understand their view of business separate from the numbers. And Bain was kind enough to offer me a job to facilitate.

Mergers and Acquisitions (M&A) 69

Mergers and Acquisitions (M&A) Investments Valuation Numbers 69

Barry Ritholtz

MAY 9, 2023

He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. I ended up being hired onto the high yield desk as a research analyst and did that for a number of years, a couple of years.

Investments 119

Investments Banking Advertising Numbers 119

Barry Ritholtz

JANUARY 21, 2025

Barry Ritholtz : The the funny thing is, the behavioral aspect of mutual funds seems to have been when people finally learn about a manager who’s put up great numbers, by the time it makes to make makes it to Forbes, hey, most of that run is probably over and a little mean reversion is about to kick in.

Investments 59

Investments Finance Education Marketing 59

Barry Ritholtz

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. Second part of our framework is valuation fundamental work. So that’s, that’s number one.

Valuation 64

Valuation Investments Economics Marketing 64

CFO News Room

DECEMBER 13, 2022

JEFFREY RAYPORT: Well, maybe the best way to bring it to life is to talk about one of the companies that we’ve spent a lot of time with, and that’s King Digital Entertainment. Can you just explain what extrapolation is? It’s a London-based game maker. Many people will know it. It’s been recently acquired by Activision Blizzard.

Startups 100

Startups Economics Manufacturing Marketing 100

Barry Ritholtz

AUGUST 20, 2024

And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. And so it is important that at least you’re able to entertain that.

Concentration 69

Concentration Valuation Marketing Investments 69

Barry Ritholtz

OCTOBER 21, 2024

And so there was a number of less liquid markets that made for quite wide spreads. And so there was certainly a number of different movements, but there was certainly downside of these things. And you know, I think ultimately there was a number of opportunities that came out. And so we have a number of business lines.

Investments 59

Investments Numbers Marketing Leverage 59

Musings on Markets

NOVEMBER 15, 2022

In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers. Narrative and Value As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation.

Valuation 99

Valuation Advertising Numbers Investments 99

Barry Ritholtz

AUGUST 29, 2023

And it worked out and had multiple job offers coming out of school from a number of different insurance companies. I had a number of relationships that I built up and had another job lined up in New York City. DAVIS: So when we think about how those teams are evaluated, it’s a three-year number. So how did you perform?

Investments 52

Investments Benchmarking Valuation Construction 52

CFO News Room

NOVEMBER 16, 2022

In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers. As someone who has spent the last four decades talking, teaching and doing valuation that we have lost our way in valuation.

Marketing 130

Marketing Valuation Advertising Numbers 130

Barry Ritholtz

OCTOBER 31, 2023

And now we have a number of different hedge funds, some we have in the macro, we have multi-Strat, we have point hedge funds with in technology in the healthcare field. The best example I always love to give is that Amazon’s last private round was at a $60 million post money valuation. 00:09:40 [Speaker Changed] Correct.

Investments 64

Investments Marketing Numbers Valuation 64

Barry Ritholtz

OCTOBER 17, 2023

Graham Foster] : 00:02:54 That was a number, that was number theory, pure number theory. And whether it’s all numbers or even numbers. Some people look at a casino as entertainment and hey, we’re gonna spend X dollars, pick a number, 500, 2000, whatever it is. Number one, longevity.

Investments 52

Investments Valuation Numbers Math 52

Barry Ritholtz

OCTOBER 24, 2022

So there are a number of us heading in out of college into the BLS. And how do we think about them from a valuation perspective? You said earlier, valuations were historically high both stocks and bonds late 2021, right about now, what are we? MARTA NORTON, CHIEF INVESTMENT OFFICER, MORNINGSTAR INVESTMENT MANAGEMENT: Right.

Investments 52

Investments Valuation Benchmarking Marketing 52

Barry Ritholtz

DECEMBER 6, 2022

And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. I was employee number 10. RITHOLTZ: Which is really a pretty big number. billion dollars in AUM.

Investments 64

Investments Marketing Numbers Risk Management 64

Barry Ritholtz

DECEMBER 19, 2023

They run long short across each of these, and they’ve put up some pretty impressive numbers over the past couple of years. And when they look at a sector, they want to be long, the very best stocks at the best valuations they can, and short the worst stocks at the worst valuations. It’s beta neutral, market neutral.

Healthcare 64

Healthcare Investments Construction Concentration 64

Barry Ritholtz

FEBRUARY 13, 2023

And like I say, that’s part of why it’s translated to a number of people coming to BlackRock and be with me today. RIEDER: So I had known Larry Fink and Rob Caputo, our CEO and president, for a number of years. And you know, it’s been an honor to have a number of awards to it. So yeah, man, that was the idea.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Investments Marketing Education 59

Barry Ritholtz

JUNE 18, 2024

That’s where you got your entertainment. I got the sense that, so Churnin takes 51% for a fairly modest valuation, 10 or $15 million. Is really easy to focus on what he does best, which is the creative side, the entertainment side, yeah. That, that gives Barstool a half a billion dollar valuation.

Entertainment 59

Entertainment Investments Math Advertising 59

CFO News Room

FEBRUARY 2, 2022

I left HSBC Group at the end of 1999, and some friends of mine that I’d known a long time had came on — came out of the fixed income side at a number of investment banks, generally, top II-rated (ph) mortgage research and more — traders, fixed income salesman, and to raise third-party capital broker-dealers required. CONROD: Sure.

Investments 100

Investments Numbers Economics Marketing 100