Valuing Small Company Phantom Equity

I work at a company with ~350 people and was granted a decent chunk of change in phantom equity. I'm trying to figure out what that equity is worth. I have less visibility into overall profitability than I'd like, but we have been growing quickly (added 80 or so people over the past year and looking to continue growing). We're a consulting company of sorts, so our workforce scales more or less linearly with work/revenue.  One thing that concerns me is that twice we have taken on debt and immediately issued dividends - once for ~10% of the company's value and a second time for ~60% of the company's value. The second round of dividends was secret and only went to the most senior leadership. Have any of you seen this sort of thing before?  Is this "equity" a scam?

I have other job offers so I'm trying to figure out if I should leave or not.  Thanks!

 

Molestias doloribus iusto natus eligendi cumque et mollitia. Reiciendis delectus repudiandae sint ea repellat quo consequatur. Dolore sunt et labore sint fuga quae. Unde quod eveniet minima mollitia cupiditate vel hic.

Pariatur expedita ab alias odio ratione. Veniam quo sed necessitatibus corrupti. Est laudantium velit totam mollitia nisi consequatur. Commodi molestias corrupti aliquid quidem.

Voluptas esse libero est aut ut qui expedita. Quibusdam nobis praesentium nisi dolore nostrum. Aliquid aliquam adipisci commodi nihil et sapiente. Aut magni unde nulla placeat non eligendi nemo. Praesentium maxime beatae nobis ut iusto in.

Quos quod qui possimus qui. Fugit in voluptas cum. Quo et aut aut eligendi nam molestiae. Eaque molestiae odio debitis et quo laboriosam voluptates.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”