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    62 01 Overview

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    merag76668
    j'adore ce document il est passionant to improve your self very great

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    62 01 Overview

    Uploaded by

    merag76668
    17 views6 pages
    j'adore ce document il est passionant to improve your self very great

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    62-01-Overview

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    j'adore ce document il est passionant to improve your self very great

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    17 views6 pages

    62 01 Overview

    Uploaded by

    merag76668
    j'adore ce document il est passionant to improve your self very great

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    Bank & Financial

    Institution Valuation:
    Overview
    How Are Banks Different?

    • Debt – Raw Material?

    • Different Accounting Rules

    • What Is “Reinvestment”?

    • Regulation
    So What Should We Do About It?
    • Equity Value
    • Different Multiples
    • Levered DCF?
    • Dividend Discount Models
    • Residual Income Models
    Bank Metrics & Multiples
    Revenue Growth EBITDA Margins
    P/E Book Value
    EPS
    ROA EV / EBITDA
    EBIT Margins EV / EBIT
    EV / Revenue ROE P / BV
    Why a Levered DCF Isn’t the Answer
    • We Capture Interest, But…

    • WC / CapEx Problems

    • Capitalize Training Expenses?

    • What’s an Employee’s “Useful


    Life?”
    Valuation Overview
    • Public Comps
    • Precedent Transactions
    • Dividend Discount Model
    • Residual Income Model
    • Valuation Summary

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