Valuation Tools Webcast 1 Getting Data

Summary

Financial statements are increasingly filled with fluff and knowing how to separate what matters from what does not is critical. In this session, I take you on a guided tour of the latest version of my Look at what an implied ERP is and how best to compute it. It is a central input into corporate finance and The return on equity and invested capital are key to estimating growth and Accountants routinely miscategorize leases and treat them as operating expenses (instead of financial expenses). In this R&D is really capital expenditures (for technology and pharmaceutical companies) but accountants treat it as operating expenses. Lays out the rationale for doing In this session, we look at the process of estimating potential dividends (FCFE) and comparing that number to cash returned.