DCF Valuation
NOL & Interest Carryforwards
📌 An organization’s accumulated loss is an asset from a tax savings perspective, and should therefore be considered in valuation. 📊 Such an asset is divided into two […]
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Category: [:en]Statement Reorganizations[:]
Statement Reorganizations
Employee Options Impact on Valuation
💼 Employee compensation tied to company capital is a widely used practice that sometimes significantly affects the organization’s Free Cash Flow and, consequently, its valuation. 📈 This refers […]
Statement Reorganizations
Fin. vs Op. Liability
The total value of an organization (EV) does not include operating liabilities, as there is no specific interest rate assigned to them. Therefore, these are considered in operating […]
Statement Reorganizations
Binomial Method
Given that options are a crucial instrument both in the securities market and in strategic transactions, I will touch on a more complex but more realistic model for […]
Statement Reorganizations
Pensions & WACC
To assess an organization’s value, we need to accurately measure the beta. Since the beta statistic for an individual organization is not reliable, we perform an industry beta […]
ROIC
R&D Capitalization
According to financial legislation, intangible assets generated during the process of organic growth (including R&D) are not recorded on the balance sheet; instead, they are directly expensed, which […]
Statement Reorganizations
Operating Lease
In accordance with IFRS, almost every leasing contract exceeding one year is recognized as financial leasing. This implies that the contract’s capitalization should occur as assets and liabilities, […]