FMP
Jun 6, 2024 5:21 PM - Davit Kirakosyan
Instacart (NASDAQ:CART) experienced a notable increase of over 8% in share price intra-day today following the announcement of a new $500 million share repurchase program. This initiative marks the company's third buyback round since September.
Instacart had already executed buybacks amounting to $1 billion, repurchasing approximately 34 million shares, which represents more than 10% of its outstanding shares.
The company has faced challenges maintaining its initial public offering (IPO) price of $30 since September. Nonetheless, recent stock rating upgrades and a market upturn have contributed to a positive shift. Currently, it is up more than 40% year-to-date.
In March, JPMorgan analysts commented that Instacart's stock buyback program helps mitigate stock volatility and adds stability, especially now that the IPO lock-up period has ended.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...