Sentences with phrase «equity valuations as»

In contrast, the impact of an increase in inflation expectations has a more muted impact on equity valuations as the impact of the higher cost of capital is offset by higher nominal earnings growth.

Furthermore, he notes that while earnings are decent, there is the hard truth that returns over the last few years have come as much from higher equity valuations as they have from fundamental growth.

«As equity investors reassess the Fed policy outlook, this forces a reassessment of equity valuations as well.»

Not exact matches

And whenever possible, structure the transaction as a loan rather than equity, so valuation does not become an issue.

Also known as convertible debt, convertible notes are used primarily for seed funding, and are useful for situations where you may be hesitant to set an equity valuation too soon.

There have been market rumors that the round would be structured as convertible debt rather than preferred equity, although those rumors also were married to a $ 25 billion valuation.

As a result, we do not see equity valuation metrics falling back to historical averages.

As discussed last month, one phenomenon of the post crisis environment is that equity valuations now have a tendency to co-move with volatility.

Today, Murphy serves as CTO of Snapchat, which is currently raising $ 650 million in equity at a $ 16 billion valuation.

Using the valuations as the basis for their equity split, Patriot's original owners (Hotze; his wife, Cindy; and their partner, Patty Brown) received 87 % of the stock in the new company, which kept Patriot's name; Watts and his wife, Jo Ann, received the rest.

yields will hit the highs on close end of the day... equity markets setting up to be slammed tomorrow maybe but today they have run over weak shorts in the face of rates... the federal reserve see's this and again will wonder if they are behind on hikes, strong data, major expansion in credit, lack of wage growth rising bond yields and ballooning debt... rates will go much higher and equities will have revelations as to what that means for valuations

The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity.

The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity.

Equity markets have appreciated sharply in recent years, and valuations, based on price - to - earnings ratios, in developed markets were not cheap relative to their historical averages as of late 2017.

«As alluded to earlier when discussing the long - term upward drift in CAPE, another related but distinct headwind for contrarian stock market timing in the second half of our sample has been the decades - long valuation drift in post-World War II equity markets, over which the CAPE gradually doubled.

As history has shown repeatedly, equities tend to recover their valuations over time, so allocating a portfolio accordingly may make sense to help prevent being burned by a hot hand.

As Europe begins its recovery, its stock valuations appear attractive compared to U.S. equities.

To the extent that lower Treasury yields are even weakly associated with higher equity valuations, recognize that this effect is also expressed over time as lower subsequent stock market returns.

We view the present environment as an opportunity to add quality equity holdings at this level or at cheaper valuations.

Financial theory does suggest that equity valuations, i.e. the price you pay for a dollar of earnings, should drop as the interest rate used to discount that earning rises.

«M&A activity globally is very high, which is common in the late stages of an equity bull market as both private equity and corporate owners look to cash in on rich valuations,» Lait explains.

Our general take on equities remains that valuations are somewhat on the high side, but with a dearth of investment alternatives, dividend - paying blue chips, such as those emphasized by the Dogs of the Dow strategy, remain an attractive option.

But stock performance has actually outpaced gains in earnings, and as a result, US equity valuations appear stretched as we begin 2018 — for example, the S&P 500's price - earnings ratio is well above longer - term historical averages.

But the correlation between sterling and the FTSE 100 is breaking down as the pound's fall — now steadied — has become baked into equity valuations.

The report focuses on private company growth equity valuation and financing data, as well as the top investors and companies that participated in transactions throughout 2014 in the B2B software industry.

The fair value of our common stock has been determined in accordance with applicable elements of the practice aid issued by the American Institute of Certified Public Accountants, Valuation of Privately Held Company Equity Securities Issued as Compensation.

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

In estimating our BEV, we utilized the pre-money valuation implied in the Series G convertible preferred stock financing as the most appropriate indication of our aggregate equity value, adjusted by the estimated rate of return.

The additional factors considered when determining any changes in fair value between the most recent valuation report and the grant dates included, when available, the prices paid in recent transactions involving our equity securities, as well as our operating and financial performance, current industry conditions and the market performance of comparable publicly traded companies.

In estimating our BEV, we utilized the pre-money valuation implied in the Series G convertible preferred stock financing completed in July 2011 as the most appropriate indication of our aggregate equity value, adjusted by an estimated rate of return.

For instance, as measured by price - to - earnings (P / E) and price - to - book (P / B) valuations metrics, EM stocks continue to trade at a roughly 30 % discount to the broader global equity market (source: MSCI, as of 3/31/2015).

The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year.

The current environment of low interest rates and elevated equity valuations has many investors in a tight spot, as return expectations are lower than usual for both bonds and domestic stocks.

Attractive valuations, favourable demographics and greatly improved corporate governance levels have led to Asia emerging as the ideal hunting ground for equity investors.

Both valuations and consumer sentiment may be at high levels, but with stable real yields, rising productivity and «normalised» valuations, the equity outlook is not necessarily negative — as long as economic growth continues.

The demographic sweet spot for rising equity valuations is as people begin to accumulate assets, begin to save and invest for their future.

Equity valuation worsened a little last week as U.S. inflation rose from 1.6 % in January to 2.0 % in February, a level that looks like a strong anchor for inflation (see below).

The reality is that when equity valuations get on the high side, nervous investors tend to hold on as long as they can, waiting for reasons to sell to show up.

Elevated valuations across equity and fixed income markets mean returns from alternatives are looking more attractive in an absolute sense as well.

The Series A Preferred shall also be convertible into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.

In particular, we continue to see strong fundamentals and reasonable valuations in U.S. equities, and we continue to favor cyclically - oriented sectors such as Consumer Discretionary, Financials, and Industrials, along with Health Care.

Some members of the FOMC apparently «commented that the recent decline in equity prices needs to be viewed in the context of overall valuation levels, which they saw as relatively high, and a couple noted that volatility had begun to subside,» according to the Fed's minutes.

Now, as many investors worry about a global growth slowdown, rising rates and higher volatility in U.S. equity markets, dividend growers offer potential opportunities due to their healthy balance sheets, as well as better valuations, and lower volatility.

And with corporate profits still well below their previous peaks and valuations as of November 2017 looking fair given the more promising economic environment, European equities look to us to be potentially poised for another solid year in 2018.

A weaker U.S. dollar, too, has helped in recent months, as have lower, attractive valuations relative to developed - market equities.

Equity valuations may look rich compared with history, but we do not believe this is something to be feared, as we write in our new Global equity outlook Goldilocks and the valuation Equity valuations may look rich compared with history, but we do not believe this is something to be feared, as we write in our new Global equity outlook Goldilocks and the valuation equity outlook Goldilocks and the valuation bears.

Going forward, as Japanese companies raise their notoriously low return on equity, Japanese stocks should be supported by relatively cheap valuations and rising dividends.

Putting aside the performance of bonds during the bear market beginning in 1980 (both because the starting yields on Treasuries were so high but also because the bear market was relatively mild as the decline began from relatively low levels of valuation), what's interesting about the above chart is how dependably bonds protected a portfolio during equity bear markets.

Still, we see the economic and earnings backdrop as positive for equities, with fuller valuations a potential drag, especially in the U.S. Equities in Japan, the only major region to see multiple contraction in 2017, look well posequities, with fuller valuations a potential drag, especially in the U.S. Equities in Japan, the only major region to see multiple contraction in 2017, look well posEquities in Japan, the only major region to see multiple contraction in 2017, look well positioned.

This recent instability comes as yields have jumped from July record lows and investors have become concerned about the implications of higher bond yields for equity valuations.