Re: Standard & Poor’s Falcon report update
in response to
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Falcon is a global energy company with projects in Hungary, Australia & South Africa
Developing large acreage positions of unconventional and conventional oil and gas resources
Message: Re: Standard & Poor’s Falcon report update
> Book value is not particularly relevant here….
I'm in disagreement with you on this. Since we are talking tangible book value here, and the Makó assets aren't written off by any means, this value is relevant to the shareholders. If Falcon had no tangible assets then Standard & Poor's wouldn't have bothered to rate Falcon.
Tangible Book Value Per Share - TBVPS
What Does Tangible Book Value Per Share - TBVPS Mean?
A method of valuing a company on a per-share basis by measuring its equity after removing any intangible assets.
The tangible book value per share is calculated as follows:
A method of valuing a company on a per-share basis by measuring its equity after removing any intangible assets.
The tangible book value per share is calculated as follows:
Investopedia explains Tangible Book Value Per Share - TBVPS
A company's tangible book value looks at what common shareholders can expect to receive if the firm goes bankrupt and all of its assets are liquidated at their book values. Intangible assets, such as goodwill, are removed from this calculation because they cannot be sold during liquidation. Companies with high tangible book value per share provide shareholders with more insurance in case of bankruptcy.
A company's tangible book value looks at what common shareholders can expect to receive if the firm goes bankrupt and all of its assets are liquidated at their book values. Intangible assets, such as goodwill, are removed from this calculation because they cannot be sold during liquidation. Companies with high tangible book value per share provide shareholders with more insurance in case of bankruptcy.
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