Sentences with phrase «valuation premium in»

The investors purchased cryptocurrency options called «coevals» that were to be later used to purchase tokens called Monkey Coins at a valuation premium in a forthcoming token sale.

The valuation premium in an NLP reserve is a premium such that the value of the reserve at time zero is equal to zero.

One is legitimate — every year in which short - term interest rates are expected to be zero instead of say, a typical 4 %, should reasonably warrant a 4 % valuation premium in stocks and bonds, over and above run - of - the - mill historical norms (one can demonstrate this using any discounted cash flow approach).

Not exact matches

He calculated if the 90 U.S. unicorns were to go public at a 20 percent premium to their most recent valuations, investors would have to create a staggering $ 131 billion in new equity.

The brands that rise up are the ones that address legitimate pain points and respond with exclusive solutions, which will in turn drive premium valuations.

Thus for denying shareholders a premium valuation that would have been higher than the entire industry, and the opportunity to have a stake in a new company with incredible earnings potential, Coppola now tops Cramer's Wall of Shame.

The stock will begin to reestablish its premium valuation to the broader market as investors grow confidence again in Starbucks delivering superior sales and profits, per usual.

In general, changes in valuation are driven by shifts in k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium zIn general, changes in valuation are driven by shifts in k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium zin valuation are driven by shifts in k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium zin k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium zin interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium zin valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium zin the risk premium z.]

Essentially, this is equivalent to saying that investors have shifted toward risk aversion in an environment where valuations are rich and risk premiums are extremely thin.

In fact, he estimated a valuation of $ 41 billion, or a 15 percent premium to Target's value.

To get more specific, our dynamic DCF model shows that even if we assume OCLR's NOPAT declines by 50 % in 2018 and takes a decade to get back to current levels, the stock has a present value of $ 7.60 / share, a 12 % premium to the current valuation.

Texas Instruments Incorporated (NASDAQ: TXN)'s business warrants a premium valuation, but after a strong appreciation in the stock over the past year, the valuation captures the company's strong outlook, according to Longbow.

These forces result in the tech sector exhibiting a strong secular growth profile and in our view, help justify a premium in the form of higher valuations.

«We see Apple as a provider of premium priced electronics, a lucrative market but one that may not sustain its current market valuation of $ 473 billion in the years ahead,» Colin Gillis, an analyst at BGC Financial, wrote in a note to clients this week.

Similarly, the mismatch in market hours between ETF shares and those of underlying markets makes intraday valuation more difficult and produces noisy premiums / discounts.

Rather, they're interested in pumping up enough hype and valuation to find a quick exit through an acquisition at an eye - popping premium.

While the current premium on U.S. stocks makes some sense in the context of low inflation and low rates, valuations look stretched relative to stocks in the rest of the world.

But in the late 90s, when small technology companies with excessive valuation premiums displaced big businesses from the large - cap universe, investors who thought large caps were low risk got a double whammy — large - cap stocks» earnings and P / E multiples both declined sharply.

Maintaining the BTC valuation premium may eventually become challenging in view of this, but obviously that remains open to question — the first mover advantage and name recognition effect were so far sufficient for BTC to maintain its top spot.

Yet it's at a respectable 25 percent premium, and the company's shares haven't topped the $ 13.65 per share deal price in months or Southeastern's $ 23.72 per share valuation in years.

This focus on an asset's earnings power and, in particular, the ability of assets to earn returns in excess of desired returns is the essence of my intrinsic valuation, which is based on Steven Penman's residual income model.1 The basic idea is that if a company is not earning a return in excess of our desired return, that company, like the bank account example above, deserves no premium to book value.

Cyclical swings in prices correspond to swings in the valuation, required return, and risk - premiums that investors assign to those cash flows.

The central issue is much more general: when extreme valuations and lopsided bullish sentiment are joined by deterioration in market internals, one faces an environment that couples compressed risk premiums with increasing risk aversion.

Both trade at premium valuations, reflections of their strength today and also their potential in the future.

In 2000, technology stocks traded at huge valuation premiums; today they sell at large discounts.

Its substantial and growing Net Operating Income will, when the time is right for the Port Authority to monetize all or part of its ownership in the building, support a premium, world - class valuation.

It is appalling that such a premium car does not have a basic feature, a feature found in almost any car in this day and age of technology of much lower valuation.

«Amazon is neither the fastest growing, or most profitable, company in our coverage and given the disruption occurring in physical books, music and movies, it is hard to justify the premium valuation,» he said.

The smart thing about the deal is FB has paid close to 80 % in stocks which is already running at a premium valuation.

Investors like to pay up for quality, and American States Water's proven track record and low - risk nature have resulted in a premium valuation.

We don't rely on calendar cycles in setting investment policy, because it is difficult to identify cause and effect mechanisms that would make these tendencies reliable (the links between valuations, market action, risk premiums and investment returns are clearer).

Specifically, the All Asset strategies» recent strong performance (see Figure 1) may be attributable in large part to four fundamental drivers of global capital market returns: the breakeven inflation rate (BEI), EM currency valuations, EM - to - U.S. cyclically adjusted price / earnings (CAPE) ratios and the global value premium.

Companies whose growth is predictable and correctly reflected in the valuation ratios would not generate any value premium.

I've observed this before, and it's essential to repeat it again: if interest rates are lower because likely future growth in deliverable cash flows is also lower, then no valuation premium is justified at all.

When everyone believes in the inevitability of stocks, à la «Dow 36,000» (we'll get there by 2025 or so), equity valuations are high, past equity performance has probably been great, and the future equity premium is small — think 1929, 1972, August 1987 and February 2000.

Over that period, domestic stocks have consistently traded at a premium to exporters (in other words, they have been more expensively valued), with an average PE valuation premium of 15.1 %.

With charts like this, looking at relative valuation, you can expect some «mean reversion» over time and you have to make a judgement about what you think is an appropriate level of premium / discount, and in turn, what you think is an attractive level.

Similarly, the mismatch in market hours between ETF shares and those of underlying markets makes intraday valuation more difficult and produces noisy premiums / discounts.

Interest rates will also only go higher from here, which will compress that premium spread further, leaving us with high valuations in a rising rate environment.

In fact, the Monaghan stake is ultimately responsible for my valuation premium to Book: A 15 P / E multiple for this stake may seem aggressive, but it's on what looks like a temporary profit dip, and the implied valuation is undemanding considering their recent EUR 100 mio capex programme.

While replacement cost valuation is the most popular, it's important to understand each option because they can result in different protection values and affect your premium differently.

Proposed changes for Truth in Lending The Federal Reserve Board will issue new rules for mortgage lenders next week that could require mortgage brokers obtain written agreements from borrowers in order to collect yield spread premiums, and prohibit the coercion of appraisers to inflate property valuations.

Sysco was offered as an opportunity to invest in a blue - chip dividend growth stock that historically commanded a premium valuation.

Equity risk premiums are a central component of every risk and return model in finance and are a key input into estimating costs of equity and capital in both corporate finance and valuation.

That said, the risk premium factor shows that the largest gains tend to come in the southwest quadrant: low equity valuations and high Baa bond yields, which is a perfect set - up for mean reversion.

On the valuations of stocks, it feels like the thing that is driving recent increases in P / E is that the masses are becoming more accustomed to the ideas that 1) the entire world is getting older, 2) aging puts negative pressure on interest rates, 3) interest rates will be low for a long time, and 4) stocks should be valued with earnings yields at a slight premium to 10 year Treasury yields (as discussed in your last post).

[If you recall, I'd previously noted i) a marked sector correlation between market cap & price / book (P / B), and ii) a specific market cap which signaled a distinct step - up in terms of valuation: 100 mio + market caps clustered» round an average 1.02 P / B, a large premium to the avg.

We are exiting our position in Amtech Systems Inc (NASDAQ: ASYS) at its $ 5.65 close yesterday because the stock is trading at a substantial premium to our valuation.

At the high - end, this may offer a massive valuation disconnect, since few other sectors can match premium luxury valuations — but in reality, hidden luxury usually shows up as affordable luxury.

I believe the result is less pronounced for the «upturn companies» in these results because more companies that are given premium valuations are given them because they are less cyclical.