Calculators

Tesla’s lucrative mode enabled

8 January 2020

Elon Musk’s electric-car maker is now worth $89 bln. That requires some hefty assumptions, not least on annual car sales. Shift the numbers up and down to see how many Tesla needs to deliver to justify its racy valuation.

Will a Tiffany bid give LVMH enough sparkle?

5 November 2019

Bernard Arnault’s luxury group is offering $15 billion in cash to take home the blue-box jewellery chain immortalised by Audrey Hepburn. The market is betting on a higher bid than the $120 a share on offer. But making a deal work will require a lot of polish.

What’s Philip Morris International worth?

23 October 2019

The cigarette giant’s heat-not-burn tobacco device just went on sale in the United States. Based on the current cigarette unit’s valuation and growth assumptions for the heated products, investors could be set for more than 20% upside.

Shared-office burn

10 September 2019

If WeWork goes public, its valuation could be less than half the headline $47 billion at its last funding round. But if it doesn't, it could run out of cash by 2023. A Breakingviews calculator shows how the numbers stack up.

Refinitiv’s unequal exchange

1 August 2019

As the London Stock Exchange reveals plans to merge with data provider Refinitiv, run the numbers to see which of the target’s backers, Blackstone and Breakingviews parent Thomson Reuters, comes off best.

Naspers’ double discount

15 July 2019

The South African group is spinning off its stake in China’s Tencent into an Amsterdam-listed subsidiary. Will this narrow the persistent valuation gap between the two?

Offloading Univision

9 July 2019

The Spanish-language broadcaster is up for sale. Will the buyers in the stretched 2007 leveraged buyout even recoup their original $4 bln investment?

What’s under Renault’s hood?

13 June 2019

Appraise the French carmaker's parts to decide whether Fiat Chrysler's merger offer was stingy or fair.

The battle for Anadarko: run the numbers

1 May 2019

Weigh up Occidental and Chevron’s competing cash and stock offers to adjust for the bidder’s underlying value, and how much value they can create.

Picking the next Bank of England chief

24 April 2019

The hunt is on for a replacement for Governor Mark Carney, who leaves in early 2020. Breakingviews’ interactive yardstick helps sift through the runners and riders.