Calculators

Exxon Mobil-Chevron deal options

10 February 2021

The two U.S. energy giants have discussed combining. Either one could buy the other at a premium, or they could try a merger of equals. The financial shape of the combined company would be different in each case.

Wells Fargo: Finance’s dark horse

14 January 2021

Charlie Scharf is intent on cutting costs at the scandal-plagued U.S. lender he runs – and there’s a lot of lost ground to recover. This calculator shows how much Wells Fargo could be worth if he can bring it in line with more efficient rivals.

Ant’s valuation hill

9 September 2020

The Chinese fintech giant could raise up to $30 bln in what would be the world's largest IPO. Its value is largely predicated on fees for matching customers to financial services providers. At current rates, $275 bln is possible, but even small changes could make a big difference.

European banks’ bad-debt pain threshold

27 April 2020

The continent’s major lenders have bigger capital buffers and are getting help from regulators. However, their balance sheets are expanding and income is dropping, while many borrowers are at risk of default. This calculator shows what level of bad loans banks can safely absorb.

Oil producers face their moment of truth

9 April 2020

After sparking a destructive price war last month, Russia and Saudi will discuss output cuts. Failure to agree could see supply bust through storage limits, sending prices below $20 a barrel. But, as a Breakingviews calculator shows, the required reductions are unprecedented.

Robo-taxis’ earnings horsepower

3 March 2020

General Motors reckons autonomous cabs can be a $1 trln market in the United States alone. That requires some heady assumptions about how cheap running such a service can be, and how many people can be persuaded to ditch car ownership for robo-rides.

Virgin’s galactic valuation

26 February 2020

Richard Branson’s space-tourism enterprise is worth nearly $7 billion. That’s high even based on the company’s rosy projections, and it’s stratospheric on more realistic assumptions.

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.