Posts by: WST Expert 1
Re: Comps when valuing a company for M&A
A trading comps analysis is typically always from the perspective of a going concern and not a take private. As such, we would recommend to always use options exercisable and not options outstanding for spreading comps. The same applies for DCF - even though you know that the very reason you're doin... Read More
A trading comps analysis is typically always from the perspective of a going concern and not a take private. As such, we would recommend to always use options exercisable and not options outstanding for spreading comps. The same applies for DCF - even though you know that the very reason you're doin... Read More
Re: shortcuts
Hi Olivia, That represents the older formatting practices on previous versions of the WST Macros add-in. In recent years we've updated it to reflect more modern preferences. If you're submitting a pre-work assignment, you won't be penalized for having your formatting different from the one in ... Read More
Hi Olivia, That represents the older formatting practices on previous versions of the WST Macros add-in. In recent years we've updated it to reflect more modern preferences. If you're submitting a pre-work assignment, you won't be penalized for having your formatting different from the one in ... Read More
Re: Formatting Using the ctrl + shift + D
That represents the older formatting practices on previous versions of the WST Macros add-in. In recent years we've updated it to reflect more modern preferences. If you're submitting a pre-work assignment, you won't be penalized for having your formatting different from the one in the videos, as... Read More
That represents the older formatting practices on previous versions of the WST Macros add-in. In recent years we've updated it to reflect more modern preferences. If you're submitting a pre-work assignment, you won't be penalized for having your formatting different from the one in the videos, as... Read More
Re: shareholder loan
Yes, your assessment captures the essence of the topic.
Yes, your assessment captures the essence of the topic.
Re: shareholder loan
1) The link you are referring to is a "shareholder advance" which indeed can be classified as debt or equity. In the case of listed companies, this would not likely to appear (especially for going concerns) since the shareholders would be the public. For private companies, who obviously should abid... Read More
1) The link you are referring to is a "shareholder advance" which indeed can be classified as debt or equity. In the case of listed companies, this would not likely to appear (especially for going concerns) since the shareholders would be the public. For private companies, who obviously should abid... Read More
Re: par value
In the context of paid-in capital (stock), par value is an arbitrary number determining a baseline value of each share (typically determined by the company). You can return to about the 5-minute mark in the video for a recap. Also, somewhat similarly, in the context of bonds, par value refers to ... Read More
In the context of paid-in capital (stock), par value is an arbitrary number determining a baseline value of each share (typically determined by the company). You can return to about the 5-minute mark in the video for a recap. Also, somewhat similarly, in the context of bonds, par value refers to ... Read More
Re: Formatting Cells D26 through I26
Either is acceptable, but if we had to choose, go with C26 for the second half to keep it dynamic.
Either is acceptable, but if we had to choose, go with C26 for the second half to keep it dynamic.
Re: No Growth Model and Gordon Growth Model
You're trying to calculate intrinsic value via growth models. So the difference between current price and that future intrinsic value is your capital gains.
You're trying to calculate intrinsic value via growth models. So the difference between current price and that future intrinsic value is your capital gains.
Re: Format
That represents the older formatting practices on previous versions of the WST Macros add-in. In recent years we've updated it to reflect more modern preferences. If you're submitting a pre-work assignment, you won't be penalized for having your formatting different from the one in the videos, as... Read More
That represents the older formatting practices on previous versions of the WST Macros add-in. In recent years we've updated it to reflect more modern preferences. If you're submitting a pre-work assignment, you won't be penalized for having your formatting different from the one in the videos, as... Read More
Any of those items that are VESTED should be included. Just make sure not to double count.