CFO News Room

DECEMBER 16, 2022

And while there’s no guarantee that any job will be immune to cutbacks or layoffs, some industries weather economic storms better than others. One industry that tends to be recession-resistant is finance. CFOs typically have a deep understanding of economic theory and practice and strong analytical and problem-solving skills.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

CFO News Room

NOVEMBER 11, 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. I believe it is, since failure to do so can have both valuation and pricing consequences.

Accounting 130

Accounting Marketing Advertising Valuation 130

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 last few years have been eventful for all companies, with the COVID crisis and ensuing economic shut down causing pain for companies, with recovery coming in 2021, as the global economy opened up again.

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

VCFO

MAY 5, 2022

Panelist – Jim Briggs, Director, Statesman Corporate Finance | jbriggs@statesmanbiz.com. Unless it is a simple, small business, the valuation of the business can be complicated. Engaging valuation expertise is a good way to pave the path to success. Demonstrating sustainable value to an outsider (i.e.,

Sales 79

Sales Mergers and Acquisitions (M&A) Planning Valuation 79

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 74

Accounting Advertising Valuation Investments 74

Musings on Markets

JANUARY 24, 2024

Yield Curves and Economic Growth It is undeniable that the slope of the yield curve, in the US, has been correlated with economic growth, with more upward sloping yield curves presaging higher real growth, for much of the last century.

Treasury 52

Treasury Currencies Marketing Economics 52

CFO News Room

JANUARY 7, 2023

Data: Trickle to a Flood! It is perhaps a reflection of my age that I remember when getting data to do corporate financial analysis or valuation was a chore. Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing.

Marketing 130

Marketing Valuation Corporate Finance Financial Analysis 130

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 very likely that these rules of thumb were developed from data and observation, but at a different point in time.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

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 last few years have been eventful for all companies, with the COVID crisis and ensuing economic shut down causing pain for companies, with recovery coming in 2021, as the global economy opened up again.

Hurdle Rate 80

Hurdle Rate Investments Accounting Entertainment 80

PYMNTS

AUGUST 29, 2016

Research released by Deutsche Bank last week concluded that “the sector performance predominantly reflects earnings trends rather than a valuation de-rating,” as pointed out by WSJ. Reports also noted that corporate lending volumes aren’t necessarily high across the entire eurozone.

Banking 40

Banking Valuation Economics Corporate Finance 40

Musings on Markets

AUGUST 5, 2023

I will try to steer away from models and economic jargon in this section, simply because they do little to advance understanding and much to muddy the waters. In much of valuation, especially in the appraisal community, historical risk premiums remain the prevalent standard for measuring equity risk premiums, and there are a few reasons.

Treasury 78

Treasury Valuation Investments Corporate Finance 78

Musings on Markets

JANUARY 6, 2023

It is perhaps a reflection of my age that I remember when getting data to do corporate financial analysis or valuation was a chore. Thus, without a sense of what comprises a high or low profit margin for a firm, or what the cost of capital is for the typical company, it is easy to create "fairy tale" valuations and analyses.

Valuation 52

Valuation Corporate Finance Financial Analysis Leverage 52

Future CFO

FEBRUARY 7, 2024

The year 2024 brings a landscape of unprecedented challenges and opportunities for corporate treasurers. From the ongoing global conflicts to the lingering effects of high inflation, corporate finance professionals are gearing up to navigate an environment marked by volatility and uncertainty.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. What is a risk free investment? Why does the risk-free rate matter?

Investments 80

Investments Currencies Treasury Hurdle Rate 80

CFO News Room

JANUARY 20, 2023

Risk and Hurdle Rates In investing and corporate finance, we have no choice but to come up with measures of risk, flawed though they might be, that can be converted into numbers that drive decisions. In corporate finance, this takes the form of a hurdle rate , a minimum acceptable return on an investment, for it to be funded.

Hurdle Rate 130

Hurdle Rate Currencies Investments Corporate Finance 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. As economic growth has slowed and concerns about a recession have risen, revenue growth has dropped at all of the companies in this space has declined.

Marketing 130

Marketing Advertising Profit and Loss Investments 130

Barry Ritholtz

NOVEMBER 8, 2022

I went into what’s called corporate finance, what people would see now as sort of M&A department. CHANCELLOR: Well, I was actually in a sort of subgroup there, which was called corporate strategy. But I didn’t last very long there because I thought I didn’t like corporate finance.

Valuation 57

Valuation Finance Investments Banking 57

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. As economic growth has slowed and concerns about a recession have risen, revenue growth has dropped at all of the companies in this space has declined.

Advertising 98

Advertising Profit and Loss Investments Marketing 98

Musings on Markets

FEBRUARY 8, 2022

Risk and Hurdle Rates In investing and corporate finance, we have no choice but to come up with measures of risk, flawed though they might be, that can be converted into numbers that drive decisions. In corporate finance, this takes the form of a hurdle rate , a minimum acceptable return on an investment, for it to be funded.

Hurdle Rate 67

Hurdle Rate Currencies Investments Corporate Finance 67

Musings on Markets

MAY 11, 2021

Others like Estonia and Latvia, levy taxes on corporations on the income that is returned to shareholders as dividends, and individual investors pay no taxes. That effect is often missed by analysts because it is not explicitly part of the valuation of publicly traded companies, but it implicitly plays a role, and perhaps even a key one.

Investments 52

Investments Valuation Treasury Forecasting 52

Barry Ritholtz

APRIL 10, 2023

( Hakai Magazine ) Be sure to check out our Masters in Business next week with Aswath Damodaran, Professor of Finance at New York University’s Stern School of Business. His textbook “ Investment Valuation ” is the standard in the field. Source: Liberty Street Economics Sign up for our reads-only mailing list here.

Valuation 112

Valuation Corporate Finance Advertising Investments 112

Barry Ritholtz

APRIL 6, 2023

Jason Zweig ) • ‘Pessimism of Disbelief,’ Illustrated : Sour sentiment and better-than-expected economic results are a normal bull market backdrop. Washington Post ) Be sure to check out our Masters in Business next week with Aswath Damodaran , Professor of Finance at New York University’s Stern School of Business.

Valuation 112

Valuation Profit and Loss Financial Analyst Concentration 112

Barry Ritholtz

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. ASWATH DAMODARAN, KERSCHNER FAMILY CHAIR IN FINANCE EDUCATION, NYU STERN SCHOOL OF BUSINESS: I’m glad to be back. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say.

Valuation 115

Valuation Education Finance Investments 115