Weekly Kaizen – September 15th – Porsche vs Tesla & valuing Growth companies.
It took Porsche almost 5 years to release their first fully electric sports car after their announcement back in 2015. Is it enough to take on Tesla? No, I don’t think so. It will mainly appeal to current Porsche owners who are looking to get a fully electric car.
Not a single day goes by without a new WeWork article, and after this weeks news that they are going to half their IPO valuation (still not enough) an analysis by Aswath Damodaran, NYU Finance Professor, and his process on valuing growth.
Don’t forget to check the links in the Further reading section.
Have a great week ahead!
Porsche vs Tesla
Last week Porsche released their new fully electric car, the Taycan. It was first unveiled at the 2015 Frankfurt Motor Show, does it have what it takes to take on Tesla?
UP CLOSE WITH THE TAYCAN, PORSCHE’S FIRST ELECTRIC CAR (The Verge)
Porsche Taycan vs Tesla Model S | How they compare on paper (Autoblog)
Aswath Damodaran – WeWork & Growth
More on WeWork, this time from Aswath Damodaran analysis on his blog and YouTube channel, interesting slides are slide 20 on growth and margin expectations (24min) and slide 23 (26min) The Runaway story.
Slides: http://www.stern.nyu.edu/~adamodar/pd… Blog Post: https://bit.ly/2lHFlVY
Pitchbook published an article on WeWork’s acquisitions (20+) over the last 4 years.
Growth is one of the main narratives and drivers for valuations at startups/ Unicorn’s. How do you determine a reasonable growth rate and deal with negative earnings?Aswath on growth: http://people.stern.nyu.edu/adamodar/podcasts/valfall16/valsession9.pdf
Explaining a Paradox: Why Good (Bad) Companies can be Bad (Good) Investments!