DCF Valuation
DCF for Exit Valuation
The use of the Venture Capital (VC) method for valuing an organization begins with determining the Exit Valuation, i.e., the value that the organization is expected to have […]
Archive
Category: Excel Models
Risk
Cost of Equity Formulas
According to the M&M theory, the formula for unlevering and levering capital is straightforward, but there are variations of the formula adapted to different situations. Situations can vary […]
Other Valuation Methods
Economic Spread Valuation of Banks
The text discusses the challenges and methods involved in valuing financial institutions, particularly banks, compared to corporations. Here’s an English translation: Valuing Banks: It is considered that evaluating […]
WACC, CoC, Structure
Payout Decisions
The decision to pay dividends or repurchase shares impacts stock prices due to the expectations and signals such decisions create. Therefore, these decisions need to be systematic and […]
Mergers & Acquisitions
Stock vs Cash Acquisition
Mergers and acquisitions can be executed either with cash or by transferring the shares of the new company. What is the difference? When the acquisition is done with […]
Mergers & Acquisitions
Best Owner Thesis
“When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” […]
Cross-Border Valuation
Currency Translation
Sometimes, the financial statements of a subsidiary are translated into the parent company’s currency before being presented, which complicates the evaluation of the subsidiary. In such cases, it’s […]