CFO News Room

JANUARY 14, 2023

Inflation: The Full Story. I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation.

Treasury 130

Treasury Economics Investments Marketing 130

CFO News Room

JANUARY 24, 2023

The table below lists my industry groups, with the number of companies in each one: I am sure that some of you will find even these industry groupings to be over-broad, but I had to make a compromise between having too many groupings, with not enough firms in each one, and too few.

Marketing 130

Marketing Valuation Corporate Finance Currencies 130

Musings on Markets

AUGUST 5, 2023

Adding to the confusion are the proliferation of very different numbers that you may have seen attached to the current equity risk premium, each usually quoting an expert in the field, but providing little context.

Treasury 78

Treasury Valuation Investments Corporate Finance 78

Musings on Markets

JULY 17, 2023

In my third post at the start of 2023, I looked at US treasuries, the long-touted haven of safety for investors. In 2022, they were in the eye on the storm, with the ten-year US treasury bond depreciating in price by more than 19% during the year, the worst year for US treasury returns in a century.

Marketing 95

Marketing Treasury Currencies Valuation 95

Musings on Markets

SEPTEMBER 27, 2022

In terms of content, I am afraid this post will contain nothing new, but the fresh uncertainties about inflation, and its impact, that have opened up this summer require at least an updating of the numbers. While spending the bulk of 2021 in denial, investors seem to have woken up, and expected inflation numbers are reflecting that.

Treasury 74

Treasury Valuation Currencies Forecasting 74

Musings on Markets

JANUARY 19, 2022

In a post at the start of 2021 , I argued that while stocks entered the year at elevated levels, especially on historic metrics (such as PE ratios), they were priced to deliver reasonable returns, relative to very low risk free rates (with the treasury bond rate at 0.93% at the start of 2021). The year that was.

Valuation 80

Valuation Treasury Marketing Investments 80

Barry Ritholtz

AUGUST 22, 2023

Treasury inflation-protected securities was negative until May of last year. That’s an attractive-enough after-inflation yield for many investors, and it presents more competition for stocks, especially those with high valuations. The yield on 10-year U.S. It touched 2% on Friday, its highest level since 2009.

Valuation 97

Valuation Treasury Economics Securities 97

Musings on Markets

JANUARY 24, 2024

In my last post, I looked at equities in 2023, and argued that while they did well during 2023, the bounce back were uneven, with a few big winning companies and sectors, and a significant number of companies not partaking in the recovery. The Fed Effect: Where's the beef?

Treasury 52

Treasury Currencies Marketing Economics 52

CFO News Room

JANUARY 17, 2023

The implied equity risk premium, which started the year at 4.24%, was at 4.73% by March 16, and the expected return on equity, which was close to an all-time low at 5.75% at the start of the year, was now up to 6.92%, still lower than historical norms, but closer to the numbers that we have seen in the last decade.

Economics 130

Economics Valuation Treasury Forecasting 130

Bramasol

JUNE 10, 2022

Either method enables companies to perform valuations and closing preparations for particular company codes according to required accounting principles for specific countries or locales, while still maintaining the ability to roll-up everything for enterprise-wide management. Treasury and Risk Management (TRM). Controlling (CO).

Accounting Principles 84

Accounting Principles IFRS SAP Accounting 84

CFO News Room

JANUARY 22, 2023

The premium that investors demand over and above the risk free rate is the equity risk premium , and practitioners in finance have wrestled with how best to estimate that number, since it is not easily observable (unlike the expected return on a bond which manifests as a current market interest rate).

Forecasting 130

Forecasting Treasury Investments Economics 130

Musings on Markets

JANUARY 27, 2022

Inflation numbers have been coming in high now, for more than a year, but for much of the early part of 2021, bankers, investors and politicians seemed to be either in denial or casually dismissive of its potential for damage.

Treasury 84

Treasury Currencies Investments Numbers 84

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. For an investment to be risk free then, it has to meet two conditions.

Investments 80

Investments Currencies Treasury Hurdle Rate 80

Musings on Markets

MAY 6, 2022

Inflation: The Full Story I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation.

Treasury 92

Treasury Economics Investments Marketing 92

PYMNTS

OCTOBER 18, 2020

Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

CFO 64

CFO Finance Reconciliations Credit Risk 64

Global Finance

MAY 10, 2024

But the top-line numbers obfuscate an enormously mixed picture beneath the surface. Greenfield project announcements dipped 6% in number but grew by 6% in value, driven in part by more encouraging numbers in the manufacturing sector. At an estimated $1.37 Excluding these two countries, inflows to the rest of the EU fell 23%.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Manufacturing Profit and Loss Investments 52

Barry Ritholtz

JANUARY 24, 2023

Noahpinion ) see also Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default : Treasury Secretary says the Federal Reserve would likely not agree to such a scheme. My Two-for-Tuesday morning train WFH reads: • The Fiscal Arsonists : Please stop playing weird political games with the U.S. fiscal system.

Valuation 52

Valuation Treasury Leverage Investments 52

PYMNTS

JULY 15, 2020

The company had initially aimed to raise 700,000 pounds ($881,000) at a valuation of 12 million pounds ($15.1 The aim of Coconut is to offer micro-business accounting services and have their assets as well as funds be more effective through the help of smart treasury management. million pounds ($3.15 It notched 1.8 million pounds ($2.27

Accounting 64

Accounting Valuation Treasury Banking 64

PYMNTS

SEPTEMBER 14, 2020

Treasury Secretary Steven Mnuchin’s announcement on television for Oracle’s victorious bid for TikTok's American operations. Discussions have been restarted for SoftBank to take itself private in the midst of a number of disappointments to the firm’s equity valuation in contrast to the value of individual holdings.

Technology 59

Technology Investments Valuation Treasury 59

Musings on Markets

JANUARY 8, 2022

The table below lists my industry groups, with the number of companies in each one: I am sure that some of you will find even these industry groupings to be over-broad, but I had to make a compromise between having too many groupings, with not enough firms in each one, and too few.

Valuation 91

Valuation Corporate Finance Currencies Finance 91

CFO News Room

NOVEMBER 5, 2022

We also have a number of articles on taxes and end-of-year planning: The importance for advisors of understanding current RMD rules to ensure their clients take the proper distributions (and avoid a 50% penalty in the process!). While private valuations have soared in recent years, public markets continue to be less kind to RIAs.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Profit and Loss Investments Valuation 130

CFO News Room

JANUARY 12, 2023

The first is the return that can be earned on guaranteed investments , i.e., US treasury bills and bonds, for instance, if you are a investor in US dollar, since it is a measure of what someone who takes no or very low risk can expect to earn. There are two macro factors that will come into play, and both are in play in markets today.

Investments 130

Investments Profit and Loss Marketing Treasury 130

PYMNTS

NOVEMBER 3, 2020

Those questions could be posed to any number of events – the pandemic, of course, which has brought those same queries to all aspects of life, from the economy to the election…. And though valuations may be stretched, fundamentals are indeed sound. What will we change? What will it take? What will the future look like?

B2B 82

B2B Treasury Accounts Payable Communication 82

CFO News Room

JANUARY 11, 2023

If you compare the numbers in this picture to the equivalent one that I reported at the start of the year, you can see the surge in risk premiums across the board, starting with a higher base premium (6.01%, up from 4.24%) for the US and higher spreads for country risk.

Marketing 130

Marketing Currencies Valuation Treasury 130

Musings on Markets

JANUARY 21, 2023

The premium that investors demand over and above the risk free rate is the equity risk premium , and practitioners in finance have wrestled with how best to estimate that number, since it is not easily observable (unlike the expected return on a bond which manifests as a current market interest rate). Stocks: The So What?

Valuation 70

Valuation Treasury Investments Forecasting 70

Musings on Markets

MARCH 19, 2022

The implied equity risk premium, which started the year at 4.24%, was at 4.73% by March 16, and the expected return on equity, which was close to an all-time low at 5.75% at the start of the year, was now up to 6.92%, still lower than historical norms, but closer to the numbers that we have seen in the last decade. to 25% for the Eurozone.

Economics 100

Economics Valuation Treasury Forecasting 100

PYMNTS

OCTOBER 24, 2019

Fair , a car startup that lets people own cars flexibly, has been paying attention to the fate of venture-backed startups like Uber and WeWork , who have been struggling to find profitability despite large valuations, and cutting back on staff in an effort to avoid a similar fate. The company, which is valued at $1.2

Startups 40

Startups Valuation Treasury CFO 40

Musings on Markets

MARCH 25, 2021

The first has been the steep rise in treasury rates in the last twelve weeks, as investors reassess expected economic growth over the rest of the year and worry about inflation. for the year are at war with its concurrent promise to keep rates low; after all, adding those numbers up yields a intrinsic risk free rate of 8.7%.

Investments 52

Investments Treasury Economics Valuation 52

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. In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

CFO News Room

DECEMBER 5, 2022

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: DPL Partners launches a new advisor-matching solution to solve for the inbound demand of consumers increasingly seeking out a new crop of no-commission annuity products. next-generation investors with smaller balances).

Planning 130

Planning Technology Valuation Communication 130

Musings on Markets

DECEMBER 2, 2020

Setting the Table As with any valuation, the first step in valuing Airbnb is trying to understand its history and its business model, including how it has navigated the economic consequences of the COVID. In addition, growth in the experiences business will also push this metric upwards, since Airbnb keeps a 20% share of those revenues.

Profit and Loss 52

Profit and Loss Valuation Investments Numbers 52

Musings on Markets

JULY 1, 2022

The first is the return that can be earned on guaranteed investments , i.e., US treasury bills and bonds, for instance, if you are a investor in US dollar, since it is a measure of what someone who takes no or very low risk can expect to earn. There are two macro factors that will come into play, and both are in play in markets today.

Marketing 88

Marketing Investments Profit and Loss Treasury 88

PYMNTS

APRIL 20, 2016

The world of corporate treasury management has of late had to focus especially hard on the management portion of the job description. The reference work, says the company, helps inform treasury and risk professionals about technology and workflow, with an eye on trading, risk controls and compliance. two years ago to 3.2

Treasury 40

Treasury Risk Management Compliance Investments 40

PYMNTS

MARCH 11, 2020

President Donald Trump unveiled a number of executive actions designed to blunt at least some of the economic impact of the coronavirus, which continues to spread across the United States. Representing JPMorgan Chase was co-president Gordon Smith (CEO Jamie Dimon, as has been widely reported, has been recuperating from heart surgery).

Economics 53

Economics Valuation Treasury Banking 53

Musings on Markets

JULY 13, 2022

Source: Spreadsheet with country risk premium data (Damodaran Online) If you compare the numbers in this picture to the equivalent one that I reported at the start of the year, you can see the surge in risk premiums across the board, starting with a higher base premium (6.01%, up from 4.24%) for the US and higher spreads for country risk.

Currencies 81

Currencies Economics Valuation Treasury 81

Musings on Markets

MAY 11, 2021

Historical Stock Returns: Pre and Post-tax At the start of every year, I update a dataset , where I look at historical returns on stocks over time, and compare these returns to returns on treasury bonds/bills, corporate bonds and gold.

Investments 52

Investments Valuation Treasury Forecasting 52

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