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• EBIT/EV ratio – alternative to PE ratio for calculating earnings yield | 100investmentbooksayear

  The concept of earnings yield is to figure out how much a business earns relative to the purchase price of the business (for EP), or relative to its investment (for EBIT/EV). Earnings yield using PE r...

• Financial Shenanigans and Quality of Earnings | 100investmentbooksayear

  Financial shenanigans are actions taken by management that mislead investors about a company’s financial performance or economic health. As a result, investors are often tricked into believing that a ...

• ROIC | 100investmentbooksayear

  ROIC measures the efficiency of total capital deployed (and thus more investment focus). Calculate each year going back 5-10 years and look for a pretty stable and usually earns about 20% on invested ...

• PNL adjustments | 100investmentbooksayear

  Purpose of PNL adjustment: Adjusted EBIT removes non-recurring and non-operating gains and losses, accounting distortions and reclassifying some expenses as investments (capitalizing them to balance s...

• Investing Methodology – How to choose a company to buy? | 100investmentbooksayear

  Steps 1a. Special situations 1b. If no special situation, carry out a stock filter 2a. For companies shortlisted so far, initial understanding of company 2b. Further understanding of the company + Qua...

• 2a. Initial understanding of company | 100investmentbooksayear

  http://www.oldschoolvalue.com/blog/valuation-methods/how-to-invest-research-valuation/ http://www.oldschoolvalue.com/blog/valuation-methods/fundamental-analysis-process/ http://www.oldschoolvalue.com/...