Posts by: WST Expert 1
Re: Cash Circular
It doesn't count if you're on the first floor or have a balcony right underneath you! However, in all seriousness, we do not advocate jumping out of windows. So, we've got good news and bad news for you. Which do you want first? Always the bad of course. Bad news is that one can have a circular ref... Read More
It doesn't count if you're on the first floor or have a balcony right underneath you! However, in all seriousness, we do not advocate jumping out of windows. So, we've got good news and bad news for you. Which do you want first? Always the bad of course. Bad news is that one can have a circular ref... Read More
RE: Correct benchmark for beta
Yes, generally speaking, use the beta for the national market. But the key is match apples and apples - you must use the appropriate market risk premium to make the beta make sense! So for your Dutch company, use: 1) beta vs. Dutch national benchmark 2) the market risk premium of above benchma... Read More
Yes, generally speaking, use the beta for the national market. But the key is match apples and apples - you must use the appropriate market risk premium to make the beta make sense! So for your Dutch company, use: 1) beta vs. Dutch national benchmark 2) the market risk premium of above benchma... Read More
Re: Emerging Markets
This is a much longer discussion that cannot be answered in a post. This is covered quite extensively with all the available options and full discussion of pros and cons in our Private Company Valuation Course: http://w... Read More
This is a much longer discussion that cannot be answered in a post. This is covered quite extensively with all the available options and full discussion of pros and cons in our Private Company Valuation Course: http://w... Read More
Re: toggle formula in cell display
to toggle formulas and values, hit CTRL ~
the ~ (tilda) key is usually next to the 1 on keyboard
to toggle formulas and values, hit CTRL ~
the ~ (tilda) key is usually next to the 1 on keyboard
RE: Deferred Acquisition Costs for Life Insurance Companies
the DAC as its called arises bc life insurers pay commissions upfront to brokers which obviously due to accrual accounting, matching principle must be amortized. Thus GAAP "underwriting income" is higher than Statutory underwriting income. Since for purposes of GAAP "EBITDA" and general ... Read More
the DAC as its called arises bc life insurers pay commissions upfront to brokers which obviously due to accrual accounting, matching principle must be amortized. Thus GAAP "underwriting income" is higher than Statutory underwriting income. Since for purposes of GAAP "EBITDA" and general ... Read More
Re: Cash Circular
Please confirm if our suggestion worked.
Please confirm if our suggestion worked.
RE: Levered vs. unlevered beta for cost of equity
In general we highly discourage the use of FCFE. See our valuation questions on the Ask the WST Expert link. You should always use levered beta to calc cost of equity. When using comps' beta, you first unlever beta then re-lever at target capital structure. Thus its a "normalized" levered industry b... Read More
In general we highly discourage the use of FCFE. See our valuation questions on the Ask the WST Expert link. You should always use levered beta to calc cost of equity. When using comps' beta, you first unlever beta then re-lever at target capital structure. Thus its a "normalized" levered industry b... Read More
RE: Finance 101: Calculator
without a doubt, the HP12C is the best.
although it takes a while to get used to (reverse calculations, etc), this is the most efficient and productive calculator hands down.
without a doubt, the HP12C is the best.
although it takes a while to get used to (reverse calculations, etc), this is the most efficient and productive calculator hands down.
Re: Issues with Center No Merge
The issue you run into is because the formatting of the now unwanted former column cells are still formatted as center no merge (technically center across selection). The solution is to select the cells you don't want and reformat. You have several options: 1) ALT E+A+F => edit, clear, formats; t... Read More
The issue you run into is because the formatting of the now unwanted former column cells are still formatted as center no merge (technically center across selection). The solution is to select the cells you don't want and reformat. You have several options: 1) ALT E+A+F => edit, clear, formats; t... Read More
Hmm. that looks correct - that's our custom number formatting. what specifically was the ERROR?