Value stocks had lowest prices relative to earnings, cash-flow and book value and the highest cash dividends.
Russell Croft, managers of the Croft Value and Croft Income funds, combine low earnings multiples with other indicators, such as cash flow, book value and debt-to-enterprise value.
One is that you have to pay close attention to fundamentals like earnings, operating cash flow and book value.
Growth stocks had the highest prices relative to earnings, cash-flow and book value as well as the lowest cash dividends.
Billions of dollars of transactions and value flow through email.
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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.
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.
As part of their buy-and-hold strategy, Hawkins and Cates value a company as a buyer might, concentrating on cash flow and formulating their own intrinsic value.
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Low interest rates reduce the discount rate on corporate earnings and cash flow, raising their present value.
Mathematically, the present value of EVA always is exactly the same as the net present value of cash flow.
The idea was that while gas prices were low, the cash flow from the higher-value liquids would be enough to keep Chesapeake solvent.
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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.
By contrast, Facebook trades at 60 times trailing 12-month earnings, 49 times prospective 12-month earnings, 43 times cash flow and 12 times book value.
Other models examine book value, cash flow, revenues, and other measures.
This combination is also financially compelling, and we expect it to deliver enhanced earnings per share and free cash flow generation, creating meaningful value for our shareholders.
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.
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.
It sells at one times cash flow, 40% of book value and 10% of annual revenue.
Moreover, the further into the future the cash flow, the more its perceived value is affected by falling rates.
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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.
They use a classic discounted cash flow model to arrive at that fair value.
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The price is also 15% of annual revenue, 30% of book value and 2 times cash flow.
On our relative valuation tables, France is looking good trading at 5.4 times cash flow and 1.54 times book value.
Today's price is 30% of annual revenue, 100% of book value, 3 times cash flow and 13 times likely 2009 earnings.
It trades at 15 times trailing earnings, 1.2 times book value and 4 times cash flow, with a 3.7% dividend yield.
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.
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.
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.
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