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  1. 7 steps to awesome comps

    Hey, monkeys. I've seen a bunch of questions out there in WSO-land about how to pick comps. Thought I'd share my two cents about how it works in my experience: Pick the most sane, sensible comps using companies of similar size in the same sector ...

    42 comments - 4 silver bananas - Aug 24 2012 - 6:18pm -

  2. Pitch Book Practice

    Ok guys, I'm looking to practice writing pitch books. Primarily Sell-side. I've searched the forums/M&I and have found some useful pitch book examples and 'templates'. My question is though, how to you practise creating them? Would ...

    11 comments - 0 silver bananas - Apr 26 2014 - 10:48pm -

  3. Spreading comps: CAP IQ or Filings?

          When spreading public comps, what is the best source to find LTM info? Are the number from Capital IQ accurate? Should I go through 10k, 10q for each company to calculate LTM? Thanks. comps ...

    4 comments - 0 silver bananas - Oct 25 2014 - 11:50pm -

  4. TEV / EBITDA vs. TEV / Sales multiples

          Hey guys, Is it 'wrong' if my enterprise value based on the mean TEV / Sales multiple of the peer group is much much higher than my enterprise value based on the mean TEV / EBITDA multiple of the peer group? What would be th ...

    12 comments - 0 silver bananas - Oct 19 2010 - 5:38pm -

  5. Spreading comps outsourced to India

          for the firms where there's an India team working on the comps, do analysts only work on them when it's urgent/for a fairness opinion? how accurate are the comps done by the outsourced team typically and how much time does t ...

    10 comments - 0 silver bananas - Apr 23 2011 - 12:15pm -

  6. DCF/Valuation Question

    I had this question in an interview and I got it right, but my logic was a little off. Can someone clarify. The interviewer asked "9 times out of 10, which method of valuation will produce the highest valuation (DCF vs. Public comps vs. transaction c ...

    12 comments - 0 silver bananas - Dec 13 2009 - 8:16pm -

  7. Identifying Turnaround Targets

          I have a pretty limited data set where I need to identify potential turnaround targets based solely on: Sales, Sales growth, Net Income, NI growth, Total Assets, Stockholder Equity, Market Cap, EPS, Return to Investors, and # employee ...

    8 comments - 0 silver bananas - May 24 2011 - 11:10pm -

  8. practice spreading comps? anyone got spreadsheet?

          anyone got a spreadsheet so i can practice spreading comps? thanks also do most BB use excel 03 or 07. thanks comps ...

    13 comments - 0 silver bananas - Mar 13 2009 - 11:16pm -

  9. Comp Spread for AAPL?

          whats up fellas jw if anyone would be willing to post a comp spread for Apple. Would be a huge help as i'm trying to do some research for one of my classes.. been building my own comp spread and want to make sure im doing it righ ...

    6 comments - 0 silver bananas - Apr 11 2011 - 11:20pm -

  10. Doing 100+ Comps in a Few Days

          Can you do 100+ quick and dirty comps within a few days if you pull the data straight from Reuters? This wouldn't be to send out to clients- more to get a rough idea of a few industry spaces. comps ...

    9 comments - 0 silver bananas - Dec 31 2008 - 7:34pm -

  11. For comp analysis, what do the terms "fully priced" and "inadequately priced" mean regarding a stock compared to its peer group?

          What does a fully priced stock and an inadequately priced stock mean compared to its peer group through comps? Also, once you have a comps analysis (public and precedent transaction) set up, how do you determine specifically whether t ...

    0 comments - 0 silver bananas - May 9 2016 - 12:50pm -

  12. Comps Question

    Hey guys, new member here and a newbie in IB. Just a quick question on comps involving stock options and shares outstanding. Am I right in saying that if you take the number of shares outstanding from the 10Q as stated in the front of the report, then you ...

    7 comments - 0 silver bananas - May 2 2009 - 2:58pm -

  13. Calcing dil shares: strike price vs grant price vs exercise price

          What's the difference? I'm trying to understand the difference so that I can properly calc fully dil shares. IB comps fully dil shares ...

    3 comments - 0 silver bananas - Jul 23 2013 - 11:13am -

  14. How to phrase 'spread lots of comps' on resume?

          Spreading comps is pretty much ALL I have done this summer. Unfortunately, my boutique firm doesn't have any deals going on at the moment, so I haven't had the opportunity to ask for modeling. How would you say 'spread ...

    6 comments - 0 silver bananas - Jul 28 2009 - 2:09am -

  15. Comps questions

          I know this might be simple, but I am confused. 1. When you do transaction comps, does EV = purchase price? (assuming acquiring 100%). If not, what's the difference between public and transaction comps? 2. When we spread comps, d ...

    5 comments - 0 silver bananas - Apr 6 2010 - 6:38pm -

  16. Comps & Privates

          If a public company wants to acquire a private company, can you use other public comps as part of your valuation? I know a public firm will higher valued because of liquidity and transparency, but is there some discount you apply to p ...

    5 comments - 0 silver bananas - Dec 27 2009 - 1:16am -

  17. Comparable Analysis Definition

    The most common way to value a company is through the use of comparable analysis. This method attempts to find a group of companies which are comparable to the target company and to work out a valuation based on what they are worth. The idea is to look fo ...

    0 comments - silver bananas - Jun 18 2012 - 1:26pm -

  18. Pharma Comps/Precedents

          Hey, Don't have banking resources available to me...just a student and wanted to know where I can find comps and precedents for pharmaceutical companies with transaction dates of 1998? I'm trying to make a football field (dc ...

    5 comments - 0 silver bananas - Mar 31 2009 - 9:34pm -

  19. Net Working Capital Question

          I know there's a bunch of threads on NWC. But I couldn't find one to address my question: If there is negative changes in nwc, then cash flow increases. This is a good thing, right? But when there is negative NWC, it could m ...

    3 comments - 0 silver bananas - Sep 16 2012 - 11:26am -

  20. Standardized Modeling Software

    Based on the people I've talked to in RE, across the board everyone uses Argus for financial modeling /analysis. Is there something like this for IB/PE? If not, why not? I'm guessing it's probably because banks are paying analysts to create ...

    4 comments - 0 silver bananas - Jul 29 2010 - 9:47am -

  21. Question on Comps

    I'm currently looking for comparable company information on a firm that makes a profit by offering other companies' services, and I'm confused as to where I should go to find comps. The company offers their own money transfer system, cash a ...

    4 comments - 0 silver bananas - Jul 21 2009 - 5:56am -

  22. Writing an Equity Research Report- question on comps

    First off I have a very stupid question that I need answered even if you don't read the rest of my post. I know nothing about trading and stock indices and need to know, when creating a peer group for my comps, is it possible to use NASDAQ stocks as ...

    3 comments - 0 silver bananas - Sep 24 2011 - 6:50pm -

  23. Transaction Comps

          For transaction comps, when determining EV, Rev etc do we use target or acquiring co. comps ...

    2 comments - 0 silver bananas - Apr 22 2010 - 12:13am -

  24. Debt position

          when taking the debt position of a company for comps do you what debt do you look at on the b/s. Do you look at the covertible debentures? Thanks debt comps ...

    2 comments - 0 silver bananas - Feb 27 2010 - 6:07pm -

  25. Trading Comps with multiple currencies?

          Hi!:) I need a small advice. When you are valuating a company and the comparables companies have currencies which are different from the one you want to evaluate, how do you do? You keep the currency of your company or you keep the cu ...

    1 comment - 0 silver bananas - Apr 28 2014 - 2:56pm -

  26. What is the average price per SF acquisition for Manhattan Office building (Class A & B); and for Manhattan Retail?

          What is the average $/SF acquisition (for purchase) amount for a Manhattan office building (Class A & B); and for Manhattan Retail? I know these are pretty obtuse requests, but if anyone has the current trading numbers it would be ...

    1 comment - 0 silver bananas - Mar 3 2014 - 8:04pm -

  27. Writing an Equity Research Report: comp question, NASDAQ stocks vs foreign stocks

    First off I have a very stupid question that I need answered even if you don't read the rest of my post. I know nothing about trading and stock indices and need to know, when creating a peer group for my comps, is it possible to use NASDAQ stocks as ...

    1 comment - 0 silver bananas - May 18 2015 - 2:47pm -

  28. Comparable Transaction to TastyKake

          Can someone please provide a comparable transaction to the FLO TSTY transaction? Thank you! M&A comps ...

    1 comment - 0 silver bananas - Mar 19 2012 - 5:37pm -

  29. Historical vs Projected comp spreading

          When you spread historical comps from filings and then find analyst reports to get the projections, what are the best practices methodologies to make sure the numbers are apples to apples? For example, for EBITDA, should you add back ...

    1 comment - 0 silver bananas - Feb 24 2012 - 9:33pm -

  30. I-Banking Shortucts

          Hi guys, I started working a boutique recently, pretty small shop no official training, etc. To all the seasoned bankers out there- are there any shortcuts/tips you wish you knew when you started? For example, when it comes to spreadi ...

    0 comments - 0 silver bananas - Dec 23 2010 - 11:44pm -

  31. Comps in a tough market

          I was asked this question recently, and just replied with a BS answer. 1. How do you determine a true value using comparables when the market is so sluggish....i.e, multiples are depressed. This was an M&A banker working on sell-s ...

    1 comment - 0 silver bananas - Aug 27 2010 - 5:07pm -

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