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.

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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.

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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.

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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.

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CFO News Room

JANUARY 24, 2023

To start the year, I returned to a ritual that I have practiced for thirty years, and that is to take a look at not just market changes over the last year, but also to get measures of the financial standing and practices of companies around the world. Happy New Year, and I hope that 2022 brings you good tidings!

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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.

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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.

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Michigan CFO

NOVEMBER 7, 2022

This trend makes SaaS valuation increasingly important. This thriving market has led to significant competition among investors and venture capital to invest in and acquire SaaS companies of any size or stage of growth. This makes determining an accurate SaaS valuation difficult. Why Do I Need a SaaS Valuation?

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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.

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CFO News

AUGUST 1, 2023

The valuation cut comes at a time when a number of headline investors in multiple Indian startups have done the same, amid a global rout across public and private technology markets.

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Musings on Markets

AUGUST 2, 2021

Just over a week ago, I valued Zomato ahead of its market debut, and as with almost every valuation that I do on this forum, I heard from many of you. The Prelude After I posted my valuation last week, I did find some of the portrayals of my post to be a little unsettling. Let me dispel both delusions.

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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.

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PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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PYMNTS

NOVEMBER 12, 2018

Startups just in their infancy are getting attention from seed investors — but unlike the dotcom days when every idea got some form of funding, investors are being choosier, resulting in fewer deals but with the ones getting funding enjoying surging valuations. The median valuation for seed companies increased to $7 million from $4.7

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Valuation Numbers Startups Investments 57

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 .

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CFO News Room

FEBRUARY 5, 2023

The History The Adani Group, founded by Gautam Adani, started life as a commodity trading partnership business in Gujarat, and listed on stock markets in 1994, as Adani Exports, with a large chunk of its revenues coming from its operation of a local port in Mundra, with a subsequent entry into the edible oil business.

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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. That said, about 31% of the net profits of all publicly traded firms listed globally in 2021 were generated by financial service firms; that percent is lower in the US and higher in emerging markets.

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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.

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PYMNTS

JANUARY 20, 2019

Lime and Bird , the two electric scooter startups that raised hundreds of millions of dollars in funding in 2018, are aiming to raise more but at a lower valuation. That is under the $3 billion or higher valuations they were fetching in years past. But with the lower valuations, it appears that business is starting to fray.

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CFO News Room

JANUARY 27, 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.

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CFO News Room

JANUARY 19, 2023

It has been a rocky year so far, in 2022, with worries about inflation competing with hopes about recovery for the market’s attention. Netflix and Facebook saw drops of 20% or more in market capitalization, following negative earnings reports, but Amazon and Google beat market expectations. to 14.9%. to 14.9%.

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Valuation Profit and Loss Numbers Advertising 130

CFO News Room

JANUARY 10, 2023

The market clearly had a very different view, as the stock premiered at ₹ 74 per share and soared into the stratosphere, peaking at ₹ 169 per share in late 2021. My IPO Valuation. The downside is that without a market price acting as an anchor, your valuations can easily come unmoored from reality.

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PYMNTS

SEPTEMBER 18, 2020

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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Musings on Markets

NOVEMBER 15, 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.

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CFO News Room

JANUARY 26, 2023

One of the big news stories of last week was Jack Dorsey stepping down as CEO of Twitter, and the market’s response to that news was to push up Twitter’s stock price by almost 10%. In contrast, consider Yahoo!,

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Future CFO

JULY 19, 2022

The IPO market in Hong Kong is set to slow in 2002, said Deloitte China recently wen releasing its interim review and outlook for the Chinese Mainland and Hong Kong markets. As a result, the IPO market in Hong Kong is expected to see slower performance in 2022 compared with the past four years. billion in 1H 2022.

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Marketing Valuation Forecasting Manufacturing 52

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

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CFO News Room

FEBRUARY 12, 2022

It has been a rocky year so far, in 2022, with worries about inflation competing with hopes about recovery for the market’s attention. Netflix and Facebook saw drops of 20% or more in market capitalization, following negative earnings reports, but Amazon and Google beat market expectations. My September 2020 Valuations.

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Future CFO

JANUARY 9, 2022

Global M&A to remain strong in 2022 as valuations reach historic highs, said Willis Towers Watson (WTW) recently. However, high valuations, deal complexity, competition for high-quality assets and pandemic-fuelled supply chain disruption will continue to have knock-on consequences for dealmakers, he noted.

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CFO Simplified

AUGUST 7, 2023

This starts with discussing exit planning every 90 days to evaluate and agree upon current exit planning topics including timing, valuation requirements, exit options, opportunities to increase company valuation, and an exit or hold decision. What’s My Passion? How Can I Increase Value? What Will I Do?

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Future CFO

JULY 5, 2023

The IPO markets in China and Hong Kong to become more robust in 2H 2023, said Deloitte China's Capital Market Services Group (CMSG) recently. The CMSG expects the A share market will have had 174 new listings raising RMB209.5 This would represent a 3% rise in the number of IPOs and a 33% drop in funds raised.

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CFO News Room

JANUARY 23, 2023

In this post, I will begin with a historical assessment of stock returns in the recent past, then move on to evaluate the returns that investors can expect to make, given how they are priced at the start of 2022, and end with a do-it-yourself valuation of the index right now.

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PYMNTS

JANUARY 21, 2020

And during the kickoff to a confab that is home to big ideas, big names and perhaps no shortage of controversy, seismic changes in industry and Big Tech got some time in the spotlight — and so did valuations and IPOs. In one example, at a Nokia factory cited by Suri, productivity increased by 30 percent on the heels of automation.

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PYMNTS

SEPTEMBER 20, 2019

You’d be forgiven for thinking that the WeWork IPO – rather, the shelving of that IPO , at least for now – heralds the end of rich valuations for firms viewed as entrenched in the early stages of disruption. Most notably, Stripe has said it will not tap markets through an IPO. We’re quite early in this opportunity.”.

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PYMNTS

MARCH 25, 2019

As a result, the company may also strive for a higher valuation than the almost $23 billion it suggested last week when it launched its investor road show. Ishay Levin, an analyst at Baron Funds who attended a meeting, added, “It takes time to understand the competitive market beyond today. Lyft has revealed that its U.S.

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PYMNTS

MARCH 14, 2018

Possibly not, when it comes to valuation. The news this week that Dropbox , the file sharing firm, is coming public at well below the $10 billion it had seen in its latest fundraising round has raised much discussion about valuation. Because, of course, the numbers tell a story. Where magic abounds. High flying, or maybe not.

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PYMNTS

JANUARY 10, 2019

In a press release, N26 said that with the Series D round of funding, it has a valuation of $2.7 Currently, it is in 24 markets across Europe. It said it more than tripled the number of customers during the past twelve months and now has more than 2.3 market this year, and build a formidable global digital consumer brand.”.

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