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The upgrade is based on three premises – 1) a favorable outlook for valuation based upon improving earnings momentum, slowing pace of derating and qualitative bias, 2) increased conviction in the firm's ability to compete and maintain its dominant share in mobile, and 3) free cash flow and balance sheet optionality.
Inflated valuations rippled down to the seed stage, influencing early-stage VCs to fund companies based on qualitative metrics like number of users, and also assume that valuation based upon wild growth rates would continue forever.
Comcast responded in kind to Disney's rejection: "Our proposal to acquire The Walt Disney Company reflects a full and generous valuation based upon Disney's prospects and performance over a long period of time, representing a significant premium over Disney's unaffected share price during any relevant measurement period over the last three years.
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He measures valuation based on cash flow, book value or normalized earnings, depending on the industry.
$62.5bn Uber's valuation based on its last round of funding.
A high valuation, based on replacement cost, may be essential for an investor.
You can't justify this valuation based on earnings.
Approximately six times valuation, based on discounting of five years of net earnings to present value.
Contact your bank and ask for a valuation based on refinancing the home.
Our second finding was that the residents' values were similar for the health state of the veteran and the non-veteran, implying that the driving force behind the valuation was not based upon the patient's past military service.
Luckily, stock valuations based on historical earnings look cheap.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com