And while new fields may come on stream, and much remains to be extracted, it's being done so with ever larger tax incentives, and it looks a much less reliable flow of volume and of value for the decades to come.
Mathematically, the present value of EVA always is exactly the same as the net present value of cash flow.
The flow of sponsorship dictates the rise and fall in the value of Nascar teams, as sponsor money represents 75% of team revenues.
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But at 5 times prospective 2010 earnings, 40% of book value, 2 times cash flow and 10% of annual revenue, Magma makes sense even for someone with low expectations for the sector.
It sells at one times cash flow, 40% of book value and 10% of annual revenue.
Investors buy cable stocks for their cash flow and the future value of their subscriber bases.
My algorithms calculate money flow by subtracting the value of trades made on a downtick from the value of trades made on an uptick.
Some of these companies will generate 80-90% of their enterprise value in free cash flow over the next five years, according to Mark Holowesko of Holowesko Partners.
Billions of dollars of transactions and value flow through email.
FORBES: How To Write E-mails Your Customers Will Actually Read
Businesses like Google, Zappos, and IBM have been household names as great places to work because they value the free flow of ideas and innovations that prioritize creative talent rather than traditional hierarchical social status.
The stock's multiples of earnings, cash flow (in the sense of net plus depreciation) and book value all stand at discounts to their respective five-year averages.
Once this capital expenditure program is complete, its free cash flow will jump to 10% of enterprise value.
The first of our three stock screens selected companies in the Worldscope database whose prices today are at historically low multiples of earnings, cash flow (in the sense of net income plus depreciation) and book value.
At 50% of annual revenue, 4.5 times cash flow, 1.25 times book value and 10 times my estimate of 2011 earnings, it combines cheapness with growth.
Now at 30% of revenue, 90% of book value, 7 times 2009 earnings and 3 times cash flow (in the sense of net income plus depreciation), and with a 3.6% dividend yield, it's too cheap to pass up.
It sells at ten times depressed 2009 earnings, 40% of book value, 40% of annual revenue and three times likely cash flow for this year.
This eases the cash flow of a strapped business, and the time value of money makes such investment yield a higher (after-tax) rate of return.
FORBES: Depreciation Rules, Investment Swings And Rescheduled Economic Growth
The popular idea that a company is no more than the net present value of its future cash flow depends on guessing first what that cash flow is going to be, and then what future interest rates are going to be.
ECONOMIST: The ultimate measure by which a company is judged
These types of solutions require real-time QOS decisions, perhaps based on distributed charging models, requiring an online dialogue when the system detects a problem or opportunity to offer better QOS. Service data flow detection could also help determine the value of a particular service at a particular instant.
Today it sells for 46% of book value, about half of sales and 3.1 times trailing cash flow.
The price is also 15% of annual revenue, 30% of book value and 2 times cash flow.
Today's price is 30% of annual revenue, 100% of book value, 3 times cash flow and 13 times likely 2009 earnings.
Then the investor uses financial analytics to identify the businesses and management teams that demonstrate an awareness of their cost of capital and have a history of deploying their free cash flow in a shareholder value creating fashion.
This is extremely dangerous for many reasons, but perhaps the most severe is that if the flow of natural resources ever comes to a sudden stop the value of the currency will crash.
The fair value of any investment is its future cash flow discounted for risk.
That users could choose to shut off the flow altogether would be a prod to advertisers to create the appearance of value in their marketing messages.
Center-Tainment on the other hand, has a market value of 130 million euros, and no known cash flow statement or profit and loss accounts to speak of.
Despite having an equal stake in the project, and other assets than Galore Creek, shares of NovaGold fell so dramatically because, Lostritto said, none of its assets have reached commercial production, thus leaving investors to value its share price on the basis of projected cash flow.
It sells at eight times my estimate of 2009 earnings, less than five times cash flow, one times book value and 1.6 times sales.
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