Sentences with phrase «in tangible book value»

At its $ 12 close yesterday HAWK has a market capitalization of $ 142M, which is 30 % of its $ 443M or $ 36.6 per share in tangible book value as at March 31.

If we subtract the intangibles from total equity that leaves $ 45 million in tangible book value (TBV).

All measures like the growth in tangible book value per share become considerably more complicated to evaluate when a company grows via a series of mergers.

Not exact matches

I shared in my book, The 5 Languages of Appreciation at Work, five ways that people could show others they're valued — through words of affirmation, acts of service, quality time, tangible gifts and physical touch.

If you purchase shares of our common stock in this offering, you will experience immediate and substantial dilution of $ in the net tangible book value per share, assuming an initial public offering price of $ per share (the midpoint of the price range set forth on the front cover of this prospectus).

Therefore, if you purchase shares of our Class A common stock in this offering, you will experience immediate dilution of $ per share, the difference between the price per share you pay for our Class A common stock and its pro forma net tangible book value per share as of September 30, 2010, after giving effect to the issuance of shares of our Class A common stock in this offering.

Dilution in pro forma net tangible book value per share to investors purchasing shares of our Class A common stock in this offering represents the difference between the amount per share paid by investors purchasing shares of our Class A common stock in this offering and the pro forma as adjusted net tangible book value per share of our Class A common stock immediately after completion of this offering.

Therefore, if you purchase our common stock in this offering, you will incur immediate dilution of $ in the net tangible book value per share from the price you paid.

Therefore, if you purchase our common stock in this offering, you will incur an immediate dilution of $ in net tangible book value per share from the price you paid, based on an assumed initial public offering price of $ per share (the midpoint of the price range set forth on the cover of this prospectus).

In that time the tangible book value has compounded at 11.8 % pa vs 5.2 % pa for the S&P 500.

«In prior years, I explained why buying back our stock at tangible book value per share was a no - brainer..

Then, in our view, our company should ultimately be worth considerably more than tangible book value.»

In fact, its price to tangible book value hasn't been this low since the late 1980s.

* Change in operating cash flow is replaced with: (i) tangible book value per share growth for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) growth in funds from operations for REITs, with the exception of Mortgage and Specialized REITs.

As with our pay - for - performance model, operating cash flow is replaced with: (i) tangible book value for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) funds from operations for REITs, with the exception of Mortgage and Specialized REITs.

«This quarter, we increased tangible book value per share by 11 percent while returning nearly $ 2.2 billion in capital to common shareholders.»

In those cases, a «value» price could be one times tangible book value or three times tangible book value.

Finally, looking at valuation, European banks traded at a material discount to tangible book value, one standard deviation3 below their historic forward price - earnings multiple, and near a 20 - year low relative to global banking peers as the year came to a close.4 We are also finding select financial sector values in Asia, in both mature, under - earning banking markets like South Korea and Singapore, as well as underpenetrated, growth - oriented markets like China (particularly in insurance) and India (particularly in banking).

I can flip through it, judge its relative value and potentially discover similar books in a tangible way.

When paying service fees up front, you should see tangible value provided in the form of e-book production, book design, editorial help, ongoing administration and title management, and so on.

The effects of piracy can range from the tangible (lost sales, lower author royalties) to the intangible (decline in the perception of the value of a book).

In fact, at a 75 % discount to growth on price - to - tangible book value — two standard deviations below the average long - term level — value hasn't been this cheap relative to growth since the peak of the» dotcom» bubble.2 But, is this unpopularity permanent?

While I thought the price to tangible book value ratio would be clearly superior to the standard price - to - book ratio, that ended up not being so clear in this backtest.

These are then ranked by the criteria being tested; in this case, we are testing the price to tangible book value ratio.

I thought the 5th quintile would also result in lower average excess return for price to tangible book value given that it outperformed in the 1st quintile.

The top 20 percent of stocks ranked by price to tangible book value are placed in the first quintile and the next 20 percent in the second quintile and so forth until we have five portfolios of stocks.

For Schwab, the company's tangible book value has increased 207 % since the last dividend hike in 2008.

The other thing to consider in terms of Continental's valuation is the company's tangible book value.

In 2014 however, with the ILFC deal something interesting happened: The book value per share doubled but tangible book value dropped.

The tangible book value stands at USD 195.1 m with USD 51.2 m in cash and roughly USD 40 m of real estate at cost and no debt outstanding.

Alright, I took a look at my books and I was mistaken, they actually make an argument that tangible book value is not always an accurate measure, especially in the case when the intangibles can be sold off in the case of a patent, rights, or copyright.

In the reinsurance industry, it is understood that buybacks above 1.3 x tangible book destroys value.

The threshold will be different in other industries because the value of intangibles will differ — but for industries where intangibles mean little, that 1.3 x tangible book can be a useful limit.

Meanwhile, Fifth Third's tangible book value rose 8 % in the fourth quarter, which is a better indication that the company continues to create shareholder value.

This provides a sizable increase in Reading's tangible book value plus an ongoing improvement in Reading's income in Q4 and going forward from reduced debt.

Tangible book value is of interest to me because I assume it more closely describes the likely value of a company in liquidation than book value does.

If anyone knows of any study explicitly examining the performance of stocks selected on the basis of price - to - tangible book value, please shoot me an email at greenbackd at gmail or leave a comment in this post.

I view it as a great sign of strength that, in the worst financial markets since the Great Depression, your company could earn money, grow tangible book value, buy Bear Stearns and WaMu and expand our franchise.

So you can assume that we are a buyer in size around tangible book value.

In those cases, a «value» price could be one times tangible book value or three times tangible book value.

The short version of the thesis is that EGI is a well - reserved insurer trading at 63 % of tangible book value and, unlike many other lines of insurance, it may very well be entering a firming non-standard automobile market in Canada.

The net proceeds from the sale of the 2,444,450 units represents an immediate increase in net tangible book value per share of $ 2.52 to the existing stockholders and dilution of $ 1.74 per share to the new investors.

This represents a gain in our net tangible book value of $ 2.52 per share for the benefit of our current stockholders, and dilution of $ 1.74 or 39 % of the public offering price, for investors in this offering.

Yet how many CEOs gain bonuses partially off of sales and other meaningless criteria — far better to use something like five - year increase in fully converted tangible book value per share.

So, that's my preferred measure for how much has the underlying value of the firm increased: growth in fully diluted tangible book value (ex-AOCI), adding back dividends, and subtract out net equity issuance / buyback measured not at cost, but at the current market price.

[NB: i) Church House's Argo stake is held by the Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent book «Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a higher GBP / USD rate — at the current 13.875 p price and exchange rate, Argo now trades at a 36 % discount to net cash and investments, and a 47 % discount to net tangible assets.]

Growth in fully diluted tangible book value (ex-AOCI) is a good measure of firm performance, if you add back dividends, and subtract out net equity issuance / buyback measured not at cost, but at the current market price.

Book value: The portion of the carrying value (other than the portion associated with tangible assets) prorated in each accounting period, for financial reporting purposes, to the extracted portion of an economic interest in a wasting natural resource.