Hints and tips:
...of $900 is comprised of 6 components: (1) $375/share for core Tesla Auto business on 5.6mm units in 2030, 8% WACC, 14x2030 exit EBITDA multiple, exit EBITDA margin of 20%. (2) Tesla Mobility at $75 on DCF...
...Tesla Mobility/Ride-sharing: $38/share. 10 yr DCF derived....
...Which brings us nicely to this news from Monday evening, via Axios: Verizon is set to sell the social network Tumblr to Automattic Inc, the owner of online publishing tool WordPress....
...We apply 2.2x to normalised FY22 estimates along with a DCF to derive our new PT of 145p....
...Valuation Our SEK800/share TP is DCF-based, which is our preferred valuation methodology....
...In Europe, which accounts for two-thirds of SSP’s revenue (inc. UK), IATA forecasts Q3 capacity down 45% vs. down 90% in Q2....
...John Cecil (possibly second left) of Kallo Inc, an American healthtech thing that has had some dealings in Ghana....
...The rest of the “hypothetical DCF-based valuation range” analysis is screen-grabbed below: Mars missions don’t appear to factor into their model....
...Taking out $14bn of net cash on a DCF has a $3-5 impact on share price. The decision will likely be appealed, which could take many years....
...Despite the Delaware court’s confidence in DCF, the Dell expert’s use of it proved contentious....
...The terminal value in the DCF relies on an EBITDA exit multiple, which you can get by comparing LinkedIn to comparable companies currently traded in the market....
...We use both reverse one year DCFs and residual income model to calculate what the financial markets are estimating for revenue growth for the smartphone market participants and currently we believe this...
...Compare that to the 28 per cent dilution factor in its deal DCF....
...For investors, the math becomes a little simpler (multiply by 6 instead of doing a DCF analysis). For companies, it perhaps not as much....
...Here is Credit Suisse’s assumptions page on their DCF. It makes no mention of whether its DCF value is a standalone scenario or include the tax benefits that its client would realize....
...“DCF for most staples is broadly fair value and I am happy to pay fair value for stocks able to generate a lot of cash,” he said....
...“Distributable cash flow (DCF)” is not a profit. A dividend is not a profit when the Company is giving you your own money back....
...“Almost all the stocks I cover . . . trade above, in many cases double-digit percentage points, their base case DCFs,” he adds, referring to a common valuation method known as discounted cash flow....
...The terminal value, calculated on a midpoint of 10x EV/EBITDA accounts for roughly 50% of the total DCF value across the range of methodologies we have applied to arrive at our PT....
...Conceptually, the DCF approach is correct. The value of an asset is the present value of its future cash flows....
...PF KMI will pay out $2.00/share in 2016 (up 16% from $1.72 in 2014), and has guided distribution growth to 10%/year through 2020, and aggregate “DCF coverage” of more than $2.0B....
...It’s based on how the fair market value of the $4m brand contract changes based on the DCF valuation....
...Piper Jaffray estimates that as a Reit, Iron Mountain’s stock price could be worth 65 per cent higher than its DCF value as a full taxpaying entity....
...DCF [discounted cash flow] models should require higher equity valuations. Bond yields are now falling below headline inflation, and equities offer some (but not total) protection against inflation....
...At Google, where I was before business school, I never would have tried developing a discounted cash flow, now I feel like I could do any DCF sent my way....
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