Shearman & Sterling

NOVEMBER 7, 2017

On October 30, 2017, the Delaware Supreme Court affirmed the decision of the Delaware Court of Chancery determining the fair value of ISN Software Corp. ("ISN") in an appraisal action brought by minority stockholders following the cash-out merger of ISN with its wholly-owned subsidiary, at the direction of its controlling stockholder.

DCF 40

DCF Discounted Cash Flow Mergers IT 40

Francine Way

JULY 12, 2017

As I mentioned in my last post, Discounted Cash Flow (DCF) is a valuation method that uses free cash flow projections, a discount rate, and a growth rate to find the present value estimate of a potential investment. The major steps of DCF are: Identify extraordinary, unusual, non-recurring items from the target’s 10-Ks and 10-Qs.

Discounted Cash Flow 130

Discounted Cash Flow Valuation M&A DCF 130

Shearman & Sterling

DECEMBER 19, 2017

On December 14, 2017, the Delaware Supreme Court, in an opinion by Justice Karen L. After a trial, the Court of Chancery had disregarded the deal price and instead applied its own discounted cash flow ("DCF") analysis, arriving at a valuation of $17.62 per share significantly undervalued the stock of Dell. 565, 2016 (Del.

Discounted Cash Flow 52

Discounted Cash Flow DCF Private Equity Shares 52

Shearman & Sterling

JULY 25, 2017

On July 21, 2017, Vice Chancellor J. July 21, 2017). Noting that the appraisal statute requires the exclusion of "any synergies present in the deal price," the Court evaluated the competing discounted cash flow ("DCF") analyses offered by the parties and adopted the $2.13 ACP Master, Ltd., 8508-VCL, C.A.

Discounted Cash Flow 52

Discounted Cash Flow DCF Corporation Mergers 52

Peak Frameworks

JUNE 7, 2023

For example, Amazon's net income in 2017 was a small fraction of its operational cash flow due to significant non-cash expenses. Cash Flow from Operations in Valuation Models Valuation models such as the Discounted Cash Flow (DCF) model use CFO as a key input.

Financial Analysis 52

Financial Analysis Discounted Cash Flow DCF Valuation 52

Shearman & Sterling

DECEMBER 19, 2017

On December 14, 2017, the Delaware Supreme Court, in an opinion by Justice Karen L. After a trial, the Court of Chancery had disregarded the deal price and instead applied its own discounted cash flow ("DCF") analysis, arriving at a valuation of $17.62 per share significantly undervalued the stock of Dell. 565, 2016 (Del.

Discounted Cash Flow 40

Discounted Cash Flow DCF Private Equity Shares 40

Shearman & Sterling

JULY 25, 2017

On July 21, 2017, Vice Chancellor J. July 21, 2017). Noting that the appraisal statute requires the exclusion of "any synergies present in the deal price," the Court evaluated the competing discounted cash flow ("DCF") analyses offered by the parties and adopted the $2.13 ACP Master, Ltd., 8508-VCL, C.A.

Discounted Cash Flow 40

Discounted Cash Flow DCF Corporation Mergers 40