Finance 3.0 - Social Network for Finance
Smart financial thinking
-
Keith
- manager
- Share
- Share on Twitter
- Share on Facebook
- Blog Posts
- Discussions (16)
- Events
- Groups
- Charts
- Chart Portfolios
- Videos
- Keith's Apps (2)
Keith's Discussions
Revenue Forecasting
Replied Oct. 6, 2009
Keith's Page
Gifts Received
Keith has not received any gifts yet
Latest Activity
Most posters have answered various aspects of this but to clarify:
GAAP and IFRS treat this differently. Under GAAP:
Trading securities: debt and equity instruments acquired with the intent to profit over the near term.
Available-for-sale: debt an…
Remember that market cap != Enterprise Value. 3COM (COMS) has quite a bit of debt compared to its cash position, so that would also need to be taken into account.
Just my 2c but it depends on if you are inside or outside.
If you are inside, you should get a feel for new products being released and what marketing projects their penetration and revenue would be. You would also need to account for cannabilisati…
Hi Kees,
Thanks a lot for sharing your experience.
Can you put some more light on APV method of calculation. I have to use this method for some valuation purpose, and I just have a fair bit of idea about.
I would appreciate, if you can share some…
Is there a huge tax asset in a the balance sheet of your firm and how certain are you that there is decent cash flow estimate at leat in the next 5 years ?
Hi,
The WACC does not work, for the tax-shield calculation. The most efficient way is to use the APV (adjusted present value) method. I use this method all the time. In normal situations the value is the same, but the APV-method is more flexible.
Hi there,
I was wondering how others calculate the tax-shield for WACC purposes when a firm doesn't actually pay taxes? For instance some firms utilise a tax loss carry forwards that can end in a net increase to EBT to arrive at NI.
TIA.
Nicely done!
Mate, nice work. You might want to grab a copy of PresentationZen by Reynolds. It's a great read. I used to be in Sales and presented to customers and at large conferences to hundreds of people (SuperComm) and found this book to be great! I won't pi…
Behavioural economics? ... and steady on with the CFA bashing :)
Never confuse intrinsic value with market value (need we have a reminder of the "pet rock" fiasco... what' s the intrinsic value of a rock with eyes glued on it?).... or accounting va…
Funny, I was struggling with this too!
I found that for Rd, using the company's bond rating can be useful, and sometimes I have found the footnotes to the 10K/Q will call out what their market rate of borrowing is, especially when they renegotiate.…
That's interesting, can you cite your report please?
I found this to be conflicting: http://www.bloomberg.com/apps/news?pid=20601087&sid=aRADYHh._dKQ
Well I can see a scenario if the majority of the cash flows were in later years with a declining WACC for those cashflows that NPV *could* be higher, but declining WACC is bizarre and imagine doing a project post-mortem where you have to account for…
I don't understand the logic behind varying the WACC. It adds another risk factor assuming that in the future you predict what your WACC will be, assuming based on some prediction of the market for debt/equity.
The same "logic" would then mean it i…
Studies have shown that once you get to a portfolio of 18+ stocks, UNSYSTEMATIC risk is greatly if not completely reduced. Think of unsystematic risk as being the risk attributable to the individual company's characteristics, rather than market gyra…
Well hang on...
What about the money multiplier effect? 1 + money drain / money drain + currency reserves? http://en.wikipedia.org/wiki/Money_creation
If we are talking about money as a store of value, then a stretch would be that one can create "…
Profile Information
- Profession:
- IT
- Current Role:
- manager
- Education:
- Bachelor Computer Science
- Current Location:
- California
- Interested In:
- knowledge and training
Sign in
Badge
Continuing Education
 |
Accounting |
 |
Banking Regulations |
 |
Certification Training |
 |
Commercial Bank Management |
 |
Corporate Finance & Valuation |
 |
Treasury Management |
 |
Credit Risk Management |
 |
Financial Derivatives |
 |
Financial Institution Management |
 |
Financial Markets |
 |
Financial Modeling |
 |
Financial Planning |
 |
Market Risk Management |
 |
Operational Risk Management |
 |
Operations & Compliance |
 |
Quantitative Analysis |
 |
Strategic Financial Management |
Newsletter
Linkedin
RSS
Facebook
Widgets
Twitter© 2010 Created by Finance 3.0.
