CFO Talks

OCTOBER 2, 2024

The authors argue that the standard is not suitable for industries that rely on long-term innovation cycles, where R&D investment is essential. As a result, much of the R&D investment is expensed upfront , which creates a mismatch between costs and the revenues they eventually generate.

Accounting 98

Accounting CFO Economics Accounting Standards 98

Musings on Markets

OCTOBER 1, 2024

The pharmaceutical companies have some brand name value, but a bigger portion of their value added comes from the protection against competition they get from owning patents. for a product with no differentiating features. billion, with much of that value coming from its pre-tax operating margin of 29.73%. Pepper etc.),

Advertising 122

Advertising Valuation Pharmaceutical Entertainment 122

Musings on Markets

OCTOBER 6, 2023

The resulting debate among accountants about how to bring intangibles on to the books has spilled over into valuation practice, and many appraisers and analysts are wrongly, in my view, letting the accounting debate affect how they value companies.

Valuation 125

Valuation Profit and Loss Accounting Investments 125

Musings on Markets

NOVEMBER 10, 2022

In my last post, I used Facebook's recent troubles to talk about the importance of corporate governance, and how we, as investors, have abandoned the power to change management at many younger tech companies in return for being able to invest in young tech companies, with growth potential and well-regarded founders.

Accounting 96

Accounting Advertising Valuation Investments 96

PYMNTS

AUGUST 11, 2020

Apple is on the cusp of a stock market first — becoming the first public company in history to capture a $2 trillion valuation. More than a 20 years later, the company is spitting distance from a $2 trillion valuation. So, will Apple make it to a $2 trillion valuation? Apple stock is trading at about $446 as of Tuesday (Aug.

Valuation 48

Valuation Construction Microsoft Office Pharmaceutical 48

Musings on Markets

FEBRUARY 18, 2025

The second entrepreneur starts business B, again with a $60 million investment up front , and that investment is expected to generate $3 million every year in perpetuity. Even with this very simplistic example, there are useful implications.

Marketing 52

Marketing Profit and Loss Investments Accounting 52

PYMNTS

APRIL 30, 2019

SoftBank is set to make a $1 billion investment in Latin American delivery app Rappi. Citing sources familiar with the matter, Bloomberg reported that the investment will probably be led by the newly formed Innovation Fund, which was launched by SoftBank Chief Operating Officer Marcelo Claure for technology investments in Latin America.

Pharmaceutical 60

Pharmaceutical Healthcare Valuation Investments 60

PYMNTS

DECEMBER 19, 2019

In a Series E round headed up by Abu Dhabi’s Mubadala state investment company, Spain’s on-demand delivery app Glovo has notched €150 million ($166 million) in funding. The startup, which is based in Barcelona, says the newest funding has put its valuation beyond a billion dollars, making it one of the rare Spanish “ unicorns.”

Pharmaceutical 52

Pharmaceutical Valuation Startups Investments 52

CFO News Room

JANUARY 17, 2023

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. Investment Implications: Asset Classes, Geographies and Companies. There are two things to note in this valuation.

Economics 130

Economics Valuation Treasury Forecasting 130

PYMNTS

JUNE 19, 2020

In what is said to be one of the final investments prior to the trading of its shares publicly, Palantir Technologies Inc. Palantir has previously garnered praised for assisting firms such as Merck KGaA in the quest for new pharmaceuticals and the American military root out terrorists.

Pharmaceutical 56

Pharmaceutical Valuation Investments Technology 56

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. To make comparisons, profits are scaled to common metrics, with revenues and book value of investment being the most common scalar. Returns on Invested Capital (or Equity).

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

PYMNTS

MAY 8, 2020

Though it did not disclose how much it raised, Singapore FinTech platform Nium announced a new investment round led by Visa and several existing backers. million investment round, reports in ProlificLondon said. million in Series B funding, VCCircle reported this week, with Singapore’s Beenext leading the investment.

Securities 64

Securities Banking Startups Pharmaceutical 64

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. to 25% for the Eurozone. lower than the traded value of 4766.

Economics 100

Economics Valuation Treasury Forecasting 100

PYMNTS

JANUARY 23, 2019

Munchery came on the scene in 2010, and hit a valuation of $300 million in 2015. Careem will now provide food delivery services in Dubai and Jeddah, but the company sees the service eventually expanding to include pharmaceuticals. Careem plans to invest a sizable amount of money into the new service — to the tune of $150 million.

Pharmaceutical 72

Pharmaceutical Valuation eCommerce Retail 72

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. To make comparisons, profits are scaled to common metrics, with revenues and book value of investment being the most common scalar.

Hurdle Rate 98

Hurdle Rate Investments Accounting Entertainment 98

PYMNTS

JANUARY 19, 2018

But a lesser-discussed market grabbed the largest investment of the week: logistics. A slew of existing backers boosted the investment as well. The company could be looking for an additional investor to secure unicorn status, with the Series D funding landing the firm with a valuation of $945 million, according to reports.

B2B 47

B2B Pharmaceutical Investments Securities 47

Future CFO

APRIL 11, 2021

High-growth, new economy companies will still be the most well-received investments given their important roles demonstrated during the pandemic, the firm noted. But, in general, as investors deepen their understanding about the new economy businesses, their valuations are expected to return to a more reasonable level, Deloitte China added.

Marketing 40

Marketing Pharmaceutical Economics Valuation 40

CFO News Room

FEBRUARY 2, 2022

David Conrod, what a fascinating career in the world of capital raising and private equity from Guggenheim Partners to FocusPoint Capital, he really has seen just a little bit of everything and is very, very knowledgeable about how that side of the investment world works. HSBC sponsored the team to invest in India and South Asia.

Investments 100

Investments Numbers Economics Marketing 100

Barry Ritholtz

DECEMBER 12, 2023

You fell in love with investing as an 8-year-old. But in the New York Times, there was an advertisement that the value line investment survey needed analysts. Things get worse at one of the companies that I’ve invested in. I’m curious how your investing philosophy has evolved over, over the past 30 plus years.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

Barry Ritholtz

DECEMBER 14, 2022

in Western Europe, in Asia, India, Japan, this is just a tour de force education on how to invest in global real estate. RITHOLTZ: And how did you shift into real estate principal investment at Goldman Sachs? But I’d say, overall, folks are more kind of corporate-oriented, you know, investing in companies.

Mergers and Acquisitions (M&A) 64

Mergers and Acquisitions (M&A) Investments Construction Concentration 64

Barry Ritholtz

OCTOBER 8, 2024

The transcript from this week’s, MiB: Vincent Aita of Cutter Capital on the DNA of Biotech Investing , is below. So what was your first gig in the world of investing? Paramount was a small boutique biotech firm that had investments in both private equity side and public. 00:09:39 [Speaker Changed] Absolutely.

Healthcare 59

Healthcare Investments Pharmaceutical Profit and Loss 59

Barry Ritholtz

MARCH 14, 2023

He was the chief investment strategist at Merrill Lynch where he worked for more than 20 years. If you’re at all interested in thinking about asset allocation, top-down analysis, how to think about the world of investing, not as a stock picker, but as a broad macro perspective, none better than Rich Bernstein.

Quantitative Analysis 64

Quantitative Analysis Investments Valuation Marketing 64

Global Finance

APRIL 5, 2025

Last year, investment banks correctly predicted a boom in stock issuance. For investment bankers, 2025 will likely offer a different scenario. Cantor also took part in Septernas IPO, which raised $288 million through the sale of 16 million shares of the biotechnology company at $18 each, for a valuation of some $970 million.

Investments 52

Investments Banking Leadership Healthcare 52

Barry Ritholtz

DECEMBER 17, 2024

Barry Ritholtz : This week on the podcast, another extra special guest, Tony Kim, is managing director at BlackRock, where he heads the fundamental equity technology group helping to oversee all of the active technology investments BlackRock makes. You end up doing investment banking in New York in the mid nineties. What was that like?

Technology 52

Technology Investments Numbers Concentration 52

Musings on Markets

MARCH 15, 2025

As businesses have globalized, consumers and investors have had no choice but to follow, and the things we buy (from food to furniture) and the companies that we invest in all reflecting these global influences. There is another way in which you can reframe how the shifts in politics and economics will play out in valuation.

Investments 128

Investments Profit and Loss Valuation Economics 128