Barry Ritholtz

OCTOBER 9, 2024

 ATM: Valuation is an exercise in faith with Aswath Damodaran. How much faith do you have that any stock or market will eventually return to its intrinsic value? He has written numerous books on valuation and finance. Nowhere is understanding value more important than in the stock market. Traders live on pricing.

Valuation 129

Valuation Investments Finance Marketing 129

CFO News Room

FEBRUARY 3, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

Valuation 130

Valuation Investments Forecasting Numbers 130

Barry Ritholtz

MARCH 18, 2025

The challenge in writing How NOT to Invest was organizing a large number of ideas, many of which were only loosely connected, into something coherent, understandable, and, most importantly, readable. Bad Numbers : 4. Market Mayhem : As investors, we often rely on rules of thumb that fail us. It is March 18th!

Investments 126

Investments Math Concentration Numbers 126

CFO News Room

JANUARY 15, 2023

It succeeded spectacularly in attracting people to its platform, hitting a 100 million users in 2012, and then doubling those numbers again by 2013, when it went public ,with an initial public offering. Users: Numbers and Engagement. Like Twitter, Snapchat had a rousing debut in the market, rising 40% to hit $24.48

Valuation 130

Valuation Advertising Numbers Education 130

Musings on Markets

AUGUST 19, 2024

In fact, the business life cycle has become an integral part of the corporate finance, valuation and investing classes that I teach, and in many of the posts that I have written on this blog. In 2022, I decided that I had hit critical mass, in terms of corporate life cycle content, and that the material could be organized as a book.

Corporate Finance 123

Corporate Finance Valuation Investments Finance 123

CFO News Room

NOVEMBER 16, 2022

In my first two posts on Facebook, I noted that its most recent earnings report, and the market reaction to it, offers an opportunity for us to talk about bigger issues. In the second post, I pointed to inconsistencies in how accountants classify operating, capital and financing expenses , and the consequences for reported accounting numbers.

Marketing 130

Marketing Valuation Advertising Numbers 130

VCFO

SEPTEMBER 21, 2023

Yet, this perception often differs from the view of the market. Owner’s opinions of their business value can be influenced by inherent biases, flawed valuation methodologies, and factors lurking beyond their control. This is a critical number used in valuing companies. Discussion of several common adjustments follows.

Valuation 84

Valuation Marketing Benchmarking CFO 84

Global Finance

AUGUST 1, 2024

When valuations shift so drastically, it’s usually due to “a major event” or “a failed deal, or even a market correction,” Carl Niedbala, co-founder of risk management firm Founder Shield, said. “It’s It’s tough to pinpoint the perfect valuation,” he added, skeptical that it was indicative of a trend.

Planning 122

Planning Marketing Valuation Corporate Finance 122

Musings on Markets

SEPTEMBER 5, 2024

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. This dance between companies and investors, playing out in expected and actual earnings, is a feature of every earnings season, especially so in the United States, and it has always fascinated me.

Marketing 135

Marketing Valuation Profit and Loss Forecasting 135

Musings on Markets

APRIL 21, 2022

It succeeded spectacularly in attracting people to its platform, hitting a 100 million users in 2012, and then doubling those numbers again by 2013, when it went public ,with an initial public offering. While total user numbers have leveled off in recent years, albeit with a jump in 2021, the daily active user count has continued to climb.

Valuation 114

Valuation Advertising Numbers Education 114

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. Mean reversion : I am not a knee-jerk believer in mean reversion, but the tendency for numbers to move back towards averages is a strong one.

Marketing 130

Marketing Valuation Corporate Finance Financial Analysis 130

Musings on Markets

NOVEMBER 9, 2021

I have been writing about, and valuing, Tesla for most of its lifetime in public markets, and while it remains a company that draws strong reactions, it is also one that I truly enjoy valuing. If you are interested, you can see my valuations from 2014 , 2016 and 2017.

Valuation 101

Valuation Profit and Loss Manufacturing Investments 101

Musings on Markets

FEBRUARY 8, 2024

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. In terms of dollar value added, Microsoft and Apple each added a trillion dollars to their market capitalizations, during the year.

Marketing 141

Marketing Valuation Profit and Loss Advertising 141

Musings on Markets

FEBRUARY 8, 2025

In the first five posts, I have looked at the macro numbers that drive global markets, from interest rates to risk premiums, but it is not my preferred habitat. The second set of inputs are prices of risk, in both the equity and debt markets, with the former measured by equity risk premiums , and the latter by default spreads.

Hurdle Rate 74

Hurdle Rate Valuation Corporate Finance Currencies 74

Musings on Markets

OCTOBER 4, 2023

That recovery notwithstanding, uncertainties about inflation and the economy remained unresolved, and those uncertainties became part of the market story in the third quarter of 2023. The Markets in the Third Quarter Coming off a year of rising rates in 2022, interest rates have continued to command center stage in 2023.

Marketing 123

Marketing Treasury Valuation Investments 123

CFO News Room

JANUARY 25, 2023

During my teaching lifetime, I have taught a wide swath of classes, ranging from banking to equity instruments, but in the last twenty years, my focus has been on three classes, c orporate finance, valuation and investment philosophies , with the last one taught only online.

Marketing 130

Marketing Corporate Finance Valuation Finance 130

CFO News Room

DECEMBER 22, 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.

Marketing 130

Marketing Valuation Corporate Finance Financial Analysis 130

E78 Partners

MARCH 3, 2025

Yet many middle-market companies continue to explore opportunities to go public. After a challenging IPO market from 2022 to 2023, conditions have certainly improved. However, while market sentiment is improving, IPO readiness requires more rigorous preparation than ever before.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) GAAP Marketing Compliance 52

Global Finance

FEBRUARY 14, 2025

The European banking sector is experiencing a wave of consolidation as institutions seek to bolster their market position, expand their asset base, and improve returns. Dutch lender ING has also signaled its intent to acquire rival banks in major European markets. Ultimately the key issue is valuation. that gathered $5.4

Mergers and Acquisitions (M&A) 71

Mergers and Acquisitions (M&A) Banking Valuation Construction 71

Nerd's Eye View

OCTOBER 4, 2023

People often talk about "the economy" as a single entity whose parts move in unison, with a small number of key indicators (such as GDP, the unemployment rate, and inflation) moving reliably in relation to each other. manufacturing sector, by the measures of employment and service prices, has been in a recession for nearly 12 months.

Valuation 98

Valuation Economics Marketing Manufacturing 98

PYMNTS

JANUARY 6, 2021

Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. billion in 2019, with 66 percent of that number used to pay for pet food. That will come with a price-per-share of $14 to $17.

Valuation 102

Valuation eCommerce Forecasting Numbers 102

Musings on Markets

APRIL 20, 2025

When markets are in free fall, there is a great deal of advice that is meted out to investors, and one is to just buy the dip , i.e., buy beaten down stocks, in the hope that they will recover, or the entire market, if it is down. The evidence for this strategy comes from many sources.

Investments 136

Investments Marketing Valuation Numbers 136

Musings on Markets

FEBRUARY 2, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

Valuation 99

Valuation Investments Forecasting Numbers 99

Nerd's Eye View

JANUARY 31, 2025

Which could include measures such as additional time to comply with rules that have been adopted but not yet enforced and perhaps, more broadly, an approach from the SEC that focuses more on whether a firm has robust program controls and a strong fiduciary culture rather than seeking out specific, (sometimes minor) missteps and producing enforcement (..)

Valuation 98

Valuation Compliance Communication Planning 98

Nerd's Eye View

JANUARY 10, 2025

Also in industry news this week: A survey indicates that nearly 71% of new financial advisors drop out in the first 5 years, with firms offering better training and mentorship opportunities (as well as entry-level positions that don't come with business development targets) seeing higher employee retention rates How broker-dealer self-regulatory organization (..)

Concentration 75

Concentration Valuation Securities Education 75

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. To the extent that these numbers are used in computing financial ratios, it will affect your measures of operating income and return on invested capital.

Accounting 130

Accounting Marketing Advertising Valuation 130

Nerd's Eye View

JANUARY 3, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with a recent survey indicating that a majority of advisors are viewing new client acquisition as their primary challenge in the current competitive environment for financial advice (followed by compliance and technology management) and suggests (..)

Practice Management 98

Practice Management Valuation Compliance Planning 98

Musings on Markets

FEBRUARY 18, 2025

The second was a comment that I made on a LinkedIn post that had built on my implied equity premium approach to the Indian market but had run into a roadblock because of an assumption that, in an efficient market, the return on equity would equate to the cost of equity.

Marketing 52

Marketing Profit and Loss Investments Accounting 52

VCFO

NOVEMBER 7, 2023

How Quality of Earnings Reports Impact Valuation Securing a Quality of Earnings (QoE) report is often a routine step in the due diligence process for acquisitions. Market trends and regulatory changes are additional areas of focus. The post Quality of Earnings Reports Impact Valuation appeared first on vcfo.

Valuation 83

Valuation Auditing Concentration CFO 83

Musings on Markets

JULY 22, 2021

Zomato, an Indian online food-delivery company, was opened up to public market investors on July 14, 2021, and its market debut is being watched for clues by a number of other online ventures in India, waiting in the wings to go public.

Marketing 99

Marketing Valuation Profit and Loss Advertising 99

Future CFO

JUNE 10, 2025

A number of well-followed ESG-themed stock indices have been outperforming their conventional benchmarks since 2022, presenting potentially attractive investment opportunities in Southeast Asia. The post ESG-themed stock indices pose attractive investment opportunities in Southeast Asia appeared first on FutureCFO.

Investments 52

Investments Benchmarking Valuation Compliance 52

E78 Partners

MAY 29, 2025

How middle-market PE firms are redefining the CFO role to maximize returns in an increasingly complex investment environment The private equity playbook is shifting. years a decade agoand deal multiples remaining elevated despite market volatility, the pressure on portfolio companies to deliver sustained value creation has intensified.

CFO 52

CFO Valuation Investments Leadership 52

Nerd's Eye View

JANUARY 3, 2024

economy) contracted for the 12th consecutive month, the services sector (constituting about 78% of GDP) expanded for the 11th consecutive month, serving as a primary driver behind continued wage inflation as well as tightness in the labor market. The labor market, while still remarkably resilient, has also started to show signs of stress.

Economics 98

Economics Marketing Forecasting Valuation 98

PYMNTS

AUGUST 5, 2020

The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. The report stated the downsizing may signal the IPO market’s worry as the pandemic deepens across much of the U.S., Last month, Gilbert sought an IPO for $3.3

Valuation 93

Valuation Construction Securities Retail 93

Musings on Markets

AUGUST 28, 2024

It seems like a lifetime has passed since artificial intelligence (AI) became the market's biggest mover, but Open AI introduced the world to ChatGPT on November 30, 2022. AI can not only replicate those valuations, but can do so at no cost and with a much closer adherence to the rules.

Valuation 139

Valuation Construction Investments Numbers 139

CFO News Room

JANUARY 11, 2023

If you are in that group, the sovereign CDS market offers market-based and real-time measures of sovereign default risk, although for only 80 countries, and the map below reports the sovereign CDS spreads, as of June 30, 2022 : Source: Bloomberg. Country Risk: Equity Risk .

Marketing 130

Marketing Currencies Valuation Treasury 130

CFO News Room

NOVEMBER 5, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Marketing 130

Marketing Advertising Profit and Loss Investments 130