Hints and tips:
...family....
...When using a multiple or DCF model, we should adequately capture the value implications of future issuance, however many investors are acutely focused on FCF margins and growth, causing some consternation...
...Brothers Joel and Avram, two of the six children of the late Malcolm Glazer, announced later the same month that they would seek outside capital and possibly pursue a full sale of United....
...Both firms picked identical benchmarks: The lower bounds of Goldman and JPM are at roughly $50 a share....
...Here’s the P+L: The balance sheet: And, the hipster’s favourite, the cash flow statement: Please send your extremely creative DCF, SOTP or alternative models to jamie.powell@ft.com....
...The approach harnesses the power of a DCF model without the pitfalls, and provides a disciplined way to make investment decisions....
...There was the cursory comparison of Musk to Thomas Edison, discussion of “humanoid bots and exaflops” and, of course, a theory that the Tesla bot could help with the “initial exploration, preparation and...
...Probability of 80% ascribed (i.e.20% discount to valuation of NPV). WACC of 8.0% (same as core Auto Co despite better financials) and TGR of 4.0%....
...However, given Hipgnosis is a buy-and-hold investor and does not expect to sell catalogues, there will not be any confirmation of the DCF valuation....
...£800 and £1,400 respectively) than many of the small typically family-owned businesses that operate the majority of branches in the UK.” 11.00am BST - Watches of Switzerland, which sells watches from Switzerland...
...Given the strength of cashflows through the cycle, we value the business on a DCF basis....
...3 DCF valuation of $40....
...Too cheap, in our view, particularly as PSON is one of the few stocks that can benefit from increased US unemployment. We have a DCF-based valuation and SOTP of 820p....
...We value Aston Martin using a 10-year DCF, with a TGR of 3% and WACC of 8.5%. Our price target of £0.23 implies 35% downside from last Friday’s close. We are Sell-rated....
...Meanwhile department stores continue to face structural pressures and a gradual loss of their range advantage to online players....
...Our DCF suggests a fair value of £7.4bn equity value....
... Sum-of-the-Parts Valuation: we have previously used a DCF model to generate a fair value....
...As a result, we think the 38% valuation premium to the sector on FY21E EV/EBIT looks unsustainable, and downgrade to Underperform, with a DCF-based €25.0 PT....
...We value Centrica on a weighted average of three methodologies: DCF (25% weight); dividend yield (50% weight); and DCF and multiples-based SOTP (25% weight) to arrive at our rounded target price of 28p....
...Our DCF- derived target price reduces to 1,000p from 1,250p as a result of the downgrades to profit and the dilution of the placing. We note the c.30% premium to key peer Sodexo....
...We see considerable valuation upside potential: Using a DCF approach, we derive a target price of €152a share, and upgrade our rating to Overweight from Underweight....
...Our 1,050p TP is based on a blended average of peer multiple-based and DCF valuation methodologies. Among these we include an industry peer EV/EBITDA-based SOTP....
...This subsidiary will be excluded from participating in government health programmes such as Medicaid by the US Department of Health and Human Services (HSS) but this will not apply to Indivior plc or its...
...Our DCF valuations imply 47%-62% potential upside to the wind manufacturers versus current share prices....
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