I just uploaded the spreadsheets I used in this video to my Patreon. My Patreon is where I will be uploading all of my analysis tools and spreadsheets. Check it out here: www.patreon.com/user?u=38414104
@FutbolHeritage
2 жыл бұрын
You are really teaching people true investing and not just ‘good to ear’ statements
@Redeemed_marine_69
3 ай бұрын
Thank you so much for the videos! All this stuff finally makes sense to me now! I’ve always been daunted at everything i start out in so that’s not saying much but really thank you for showing me this isn’t rocket science. Actually looks like it could be pretty fun 😄
@ponzianomanning3071
2 жыл бұрын
Fantastic explanation! I can't Waite to watch Income statement.
@InvestorCenter
2 жыл бұрын
Thank you!
@genius_idiot7618
2 жыл бұрын
Thanks. Came across your videos over the weekend and was curious if there would be a BS video soon. Great content. Keep up the good work. These videos are extremely important us little investors.
@InvestorCenter
2 жыл бұрын
You may be a “little” investor now, but I’m trying to make you a big time investor!!!
@fresh2def973
2 жыл бұрын
Awesome educational content. You're killing it.
@InvestorCenter
2 жыл бұрын
Thank you, Jonathan!
@MuhammadRafiuddin9
Жыл бұрын
Your are the symbol of perception Too good 👍
@yomi001
2 жыл бұрын
Great explanations! I love that you use real-world examples to help us understand the concepts.
@InvestorCenter
2 жыл бұрын
Thank you! Glad you found the video helpful!
@kevinkant6817
2 жыл бұрын
Another great video, thanks 🙏
@InvestorCenter
2 жыл бұрын
Thank you!!! 😊
@bhs08002
Жыл бұрын
Instant subscribe. Great video!
@johnpatrick3458
Жыл бұрын
You are great! Thank you!
@ameshshamike8906
2 ай бұрын
Excellent explain
@pfuiteufel1385
2 жыл бұрын
Thank you for your work and explanations, very much appreciate it. However, I don't understand why net-debt doesn't account for payables, liabilities and such. Isn't one being too generous with regards to a companies solvency that way? Thanks in advance.
@leochen887
2 жыл бұрын
FWIW, I slow the Playback speed from Normal to 0.75. This allows me to better absorb the material on my initial view of her video. And of course, I go back to her videos from time to time because I discover insights that I missed in the first iteration. So I guess that makes me a slow learner. But I'm okay with that. I'm a retired aerospace engineer who dedicated my career to the development of Advanced Combat Aircraft and our maintaining Air Superiority. Like a financial analyst, I also was trained to view Data as Being Everything and that Everything Is Data, with Balance Sheets being just one source of information/data. (Engineers do look at a vendor's balance sheet when we're trying to assess whether they are a risk.)
@gauravthadanii
Жыл бұрын
lol i watch at 1.25
@jirehllc1793
2 жыл бұрын
THANK YOU! Are you available as a guest speaker for Groups on a zoom meeting?
@yeswecan4312
2 жыл бұрын
I would be very interested if you could do a benchmark analysis. What is a “good” ROE in different industries, What’s a good net margin? What’s a good, gross margin, etc.
@ethanstraight3331
2 жыл бұрын
I would recommend doing this yourself for practice. Fairly simply math here and also good practice looking at different firms balance sheets.
@Faloudelphia
2 жыл бұрын
Very well. I wish I could have lunch with the person who did this presentation.
@wuziwu8148
Жыл бұрын
I thought I was supposed to learn how to analyze a balance sheet like a hedge fund manager? Okay.. Then why are we going back to ABC's of investing with what an asset and liability are.....? Not even 2 minutes into the video and I can't take the title seriously.
@jbrochon9556
Жыл бұрын
Thank you for the great content, I learned a lot. However, there is someting I don't understand. When I look at the Balance sheet for Apple using my bank web site some of the amounts match but have a totally different terminology. EX: Commercial Paper is called Notes payable / Short term debt". Why is there different terminology ? Another question I have is that some of the amounts you mention I just cant find them in the balance sheet. Do pltforms have different interpretations ?
@jeremy3195
2 жыл бұрын
I saw the shareholders' equity of some company are negative (e.g. MSCI), what does it mean? and why will it happen?
@yakopro49
2 жыл бұрын
Warren Buffet your a Legend. If I were a marvel top executive, I would make you a heroic character in a video game or movie.
@rabiehmoussa9854
2 жыл бұрын
Super cool channel ! Keep it up
@InvestorCenter
2 жыл бұрын
Thank you so much!
@chrisa.9977
Жыл бұрын
Where does common stock and preferred stock?
@garrettwilliams6908
2 жыл бұрын
Nice video. A bit of an add-on, I do feel ROA is generally a better path to analyzing a firm's profitability over ROE, as it shows how efficient today's assets are at generating returns and avoids the potential manipulation of a firm buying back shares to improve ROE
@ayodejiajilore7351
2 жыл бұрын
Spot on.
@thestudentofdhandho5302
2 жыл бұрын
Thanks for the insightful video. I recall Buffett & Munger decrying EBITDA as a suboptimal measure of genuine profitability as depreciation increases capex. What disadvantage do you see to using Net Debt to EBIT as an alternative?
@InvestorCenter
2 жыл бұрын
That is true. I personally think “owners earnings” is more relevant. This is a term that Buffett created. It is EBITDA - capital expenditures. It gives a more realistic view of a company’s ability to service debt while continuing to grow/maintain the businesses operations
@thestudentofdhandho5302
2 жыл бұрын
@@InvestorCenter oh that’s perfect. Thanks for the tip - I’ll add the net debt to owner’s earnings ratio to my analysis model
@amitparikh8340
2 жыл бұрын
Excellent resource. TY.
@CapitalWorksPro
2 жыл бұрын
EBITDA is not a good proxy for cash flow. Please don't tell people that it is.
@LifeMasteryPodcastStevenArecco
Жыл бұрын
@ 7min 45 sec. apples PP&E % of sales is 9.275% not 11% unless my math is wrong. Please verify?
@hedwegg
2 жыл бұрын
Stocks! Balance Sheet!
@SkankHuntForty2
Жыл бұрын
Hey, BABA's balance sheet looked really good, didn't it? It definitely fooled Charlie Munger. Thanks again for the shit call on BABA, Charlie.
@wunjo8586
6 ай бұрын
Hi! Can you explain where I can find the Gross Property Plant & Equipment? thank you!
@olivermathiasen3594
Жыл бұрын
Kind of ironic that u show us a video About how to analyze a company. We do that to make sure they have a healthy business model, strong productivity and cash flow. Then u proceed to have an add about something, that can't either be analyzed or produce cash. What some investors would call speculation.
@jimmyau56
2 жыл бұрын
where do you look for balance sheets? on the companies website?
@Longtack55
Жыл бұрын
AAPL holder here, and thanks for the refresher. I'll make some comparisons for the last few years.
@louiecutamora2388
2 жыл бұрын
Hello investor center. Just wanna ask. Your computation for true debt is adding loans ( commercial and terms debts ). Can you please tell, what happen to accounts payable and other current liab. why this is not part of your true debt. please. Thanks
@InvestorCenter
2 жыл бұрын
Very good question! Because those are short term in nature. If I were to include accounts payable and other current liabilities, I would also have to include accounts receivable and other current assets.
@anhnguyenhong8770
Жыл бұрын
You need to study into Balance Sheet like Mr. Buffett.
@Dylanwindellor766
2 жыл бұрын
Thank you for explained as an easily to understand for starting to investment in stock market it makes me to realize about before investing that you need to know about basically in stock. 👍
@focusrelax8838
2 жыл бұрын
Really good, I like what you considered most important to look at the balance sheet and the ROE and also ROC. This kind of metrics on what’s worth looking at, what’s the most important and how to calculate and also if the higher the better or the lower the better it’s really good info you share for those who are self learning 🙏
@focusrelax8838
2 жыл бұрын
Peter lynch had something about it should be 70% at least , I think he talked about debt to equity that equity should at least be 70% higher than debt to consider it good, I think it was in his book beating the street, I need to reread it .
@darylallen2485
Жыл бұрын
1:08 - I don't agree with this. If you take out a loan, its a liability, but the cash you have from the loan is also an asset. If assets and liabilities are opposites, why can they be represented as an asset and liability at the same time on a balance sheet?
@financialwisdom432
2 жыл бұрын
this is heavy stuff. I have to watch this probably like 3 times
@carloslongo53
8 ай бұрын
ROE can be inflated by debt, though. Wouldn't it be better to use ROIC instead? By the way, how do you calculate ROIC? I know there are multiple ways that investors use. Like EBIT - Taxes / Equity + total debt +total operating leases - marketable securities (invested capital). While others just do EBIT / Equity + Net debt (or -Net cash)
@DrmicahPittman
Жыл бұрын
Your info is good but hard to listen to you Your voice intonations are so annoying.
@kidze73
2 жыл бұрын
hi, how do I calculate how much a company reinvests its profit?
@MrMichell12
2 жыл бұрын
Also talk about how a stupid President polecy can affect the stock market!!Byyden🙋🙋🤣🤣🤣🤣
@joseguerrero2221
Жыл бұрын
Hi, can anyone please explain to me what "Book Value" means? I'm reading Benjamin Graham's book The Intelligent Investor and can't figure out what it means. I'm pretty sure I didn't skip anything. And the internet seems to give me different definitions as to what it means.
@dbsk06
9 ай бұрын
11:43 is this a large net debt figure or not (compare with EBITDA, proxy for CFO) and look at peers in same industry
@dbsk06
9 ай бұрын
Isn’t ROE based on book value not accurate if it differs from market value significantly ?
@winston-salemconcretelocal6728
2 жыл бұрын
Beautifully articulated, creative, comprehensive. Thanks a bunch, your efforts are highly appreciated!
@giannismns
10 ай бұрын
Incredible job. Just a question on 5:17. By true cash you mean free cash flow ?
@Txyleo
2 жыл бұрын
Excellent work 👍
@GustavoSN
Жыл бұрын
9:49 Why do you ignore accounts payable and other current and non current liabilities when calculating the "true debt" of the company?
@abassembatya
Жыл бұрын
I think you can as well use a 5w led bulb??? Thanks for the project
@giuseppesiragusass
2 жыл бұрын
Why do we use net debt/ebitda and not debt/earnings?
@InvestorCenter
2 жыл бұрын
Good question. This is because earnings can be distorted due to accounting. While EBITDA is a more close approximation of a company's cash it generates to be able to pay its debt
@kamaldas1338
2 жыл бұрын
Exciting explanation 👌!Keep up the good work 👍
@InvestorCenter
2 жыл бұрын
Thanks a lot 😊
@singhmaster4
2 жыл бұрын
That was good. I couldn't wrap my head around some of it because of the terminology but if I brush up on it I will understand it 100%. I will save this video in my list. Thanks!
@InvestorCenter
2 жыл бұрын
Glad you enjoyed the video! Watching it a few times and you will learn more each time
@singhmaster4
2 жыл бұрын
@@InvestorCenter Is there a video you can refer to where I can learn this in depth? Should I look for videos focused on accounting? I have also subscribed to your channel.
@mtoporovsky
8 ай бұрын
Masterworks is not stock...where u get info? For analyes?
@williamdavis9943
2 жыл бұрын
He doesn't give this advice for free you can believe that. Even when he is not out to make money he is making money.
@T_m_m170
2 жыл бұрын
I follow the American coordinator. I think someone in America will brake on if anyone goes too far.
@KP-uj1wf
2 жыл бұрын
Hi again. Are their any specific ratios you use to review and analyze REIT’s? Thx
@BSI_Inc.
2 жыл бұрын
I'd like to ask something. What can count as true debts and true cash?
@reeceshaw9717
2 жыл бұрын
This is a great video even though I got baited with Warren Buffets face
@MoneyMathai
Ай бұрын
Thank you so much for this. Really helpful
@NoW_Is_TimE
Жыл бұрын
5:00 you mean MIllions
@zhyarjalal4179
10 ай бұрын
can i pay a professional financial analyst to analyze the whole company statements for me?
@IknowIamafool
2 ай бұрын
Thanks so much.
@ryasaw519
2 жыл бұрын
Thank you so much, I love your channel !
@InvestorCenter
2 жыл бұрын
Thank you for the kind comment 😊
@Sglingani
Жыл бұрын
Fantastic video thanks for that
@InvestorCenter
Жыл бұрын
Glad it was helpful!
@lazardjurovic2883
2 жыл бұрын
Great stuff. I have a question for you. What do you think about investment analyst job? Do you guys work long shifts? Is it a high-paid job?
@InvestorCenter
2 жыл бұрын
Compared to the standard 35-40 hour work week, it is long hours. However, not nearly as long of hours as compared to investment bankers. In terms of compensation, I can’t complain lol
@YAY11LLI
4 ай бұрын
Amazing!
@bigthing3984
2 жыл бұрын
Everything is good but if you could explain it at a slower pace, people could understand better having some space to think for few seconds.
@AR-pd3zu
2 жыл бұрын
someone can help me please, 7:40 sales: 365.817, Where does the sales result appear? because I did not see it on the balance sheet. (365.817).. thank so much if someone can help me with that.
@AR-pd3zu
2 жыл бұрын
Excellent video, thanks so much it was very instructive.
@NotNoseBlind
2 жыл бұрын
Oracle of Omaha he the truth - this video is a must watch
@Gitohandro
2 жыл бұрын
Do you offer consultations?
@andrey4970
2 жыл бұрын
Appreciate
@InvestorCenter
2 жыл бұрын
Thank you!
@parmarpreyash683
2 жыл бұрын
Awesome like to watch more like that
@manylch7964
6 ай бұрын
Excellent clear and concise explanation ... bravo
@airepublic9864
2 жыл бұрын
Can it be programmed?
@joncarr1200
2 жыл бұрын
This is what they will never teach us in school. At least, not unless you take a specific class.
@InvestorCenter
2 жыл бұрын
Thank you, Jon! I’m glad I can be helpful:)
@KP-uj1wf
2 жыл бұрын
Thx once again for your wonderful videos… so clear and easy to understand!
@InvestorCenter
2 жыл бұрын
Glad you enjoyed the video 😊
@KP-uj1wf
2 жыл бұрын
@@InvestorCenter I also went back and viewed your Cash Flow statement video. Another 10/10! I now use ‘Free Cash Flow Yield’ in my analysis. I find it very interesting when you compare companies in the same sector. It really shows which are the winners in that sector. Thx again!
@felipe741
2 жыл бұрын
Amazing. More like this please 🙏🙏
@sigmadaddy106
2 жыл бұрын
Hi, great video and great channel! 12:04 Why do you use EBITDA to calculate whether it's possible to support the debt? Is the influence of other CapEx and taxes not significant? What do you think about using FCF to estimate the possibility to take on additional debt in the future for leverage if the business supports it? Can we, with this logic, use FCF estimates along with cash and cash equivalents to estimate a margin of safety on the existing debt? Thanks in advance!
@InvestorCenter
2 жыл бұрын
Great question! The investment industry uses EBITDA but I personally think that EEBITDA minus Capex is a better metric to use and is a more conservative analysis.
@InvestorCenter
2 жыл бұрын
And just to follow up, the cash and cash equivalents is already factored into the denominator of the equation. The “net debt” number factors in cash the company has
@hodoprime
2 жыл бұрын
I would rather use EBIT. Interest can be restructured. Debt is paid before taxes(thus interest is prioritized over tax). DA gives you a good idea of capital requirements to keep a company afloat so that need to remain in the calculation. Capex can vastly exceed maintenance levels so I would not use capex or FCF.
@davidngo8229
Жыл бұрын
Hi @InvestorCenter, I have a question about calculating the numbers. How come you only select certain numbers to calculate? Why not take the totals of each? Example, in Liabilities, you only choose Commercial Paper, Term Debt Current and Term Debt Non-Current. Why not take total current liabilities and total liabilities numbers?
@kk_3354
Жыл бұрын
Because those are the debts you are obligated to pay first, you could go default if you don’t pay
@gauravthadanii
Жыл бұрын
@@kk_3354 also because those are the debts you pay with your cash others not necessarily
@dbsk06
9 ай бұрын
4:59 true cash
@diamondgeezertunes
2 жыл бұрын
Excellent content ...
@marcsmithsonian9773
2 жыл бұрын
Clickbait. And misrepresentation.
@InvestorCenter
2 жыл бұрын
How?
@carlosnava2349
2 жыл бұрын
Good
@ralphtozier9682
2 жыл бұрын
What do you do with good will? It seems like it should not ever be on a balance sheet since it is such a wild guess.
@InvestorCenter
2 жыл бұрын
You are right. Personally, I ignore goodwill
@georgeturner6244
Жыл бұрын
Reduce shown equity by goodwill is a useful approach to me.
@owengoerk9171
Ай бұрын
Didn't Munger call EBITDA bullshit earnings?
@user-zc8sq3wr9f
Жыл бұрын
***MasterWorks*** is a scam. Watch out!
@zionmazon2715
Ай бұрын
how so
@cz7886
2 жыл бұрын
Pure Gold!
@JackCasablanca-painter
2 жыл бұрын
Thank you! Very helpful video. But where can we find a company's balance sheet? And cash flow statement and income statements too? Thanks!
@InvestorCenter
2 жыл бұрын
Google the company’s name and “annual report” and you will be able to find it on the company’s website
@JackCasablanca-painter
2 жыл бұрын
@@InvestorCenter Hey, thanks so much! I didn't know it was public info.
@businessmindedwolf730
2 жыл бұрын
Great
@InvestorCenter
2 жыл бұрын
😊
@monnombre6547
2 жыл бұрын
thank you for this video!!!!!!
@InvestorCenter
2 жыл бұрын
You are welcome!!!!!!!!!!!!!
@mustafaalwan6523
2 жыл бұрын
Apple has much higher ROE because the huge amount of intangiblity i.e brand name and customer loyalty . You take that of the equation and you can calculate the buffet's return which how much capital is able to generate without intangible asset . Furthermore you can deduce that how much the intangiblity is an important factor in the case of apple of KO.
@gauravthadanii
Жыл бұрын
hey can you explain in more detail, cause i am a little confused. how does intangible assets affect this?
@vasanthakumarnagaraj308
2 жыл бұрын
You awesome 🙂...
@InvestorCenter
2 жыл бұрын
Thank you! 😊
@prashanthkoundinya8385
2 жыл бұрын
Nice explanation, keep it coming
@InvestorCenter
2 жыл бұрын
Thanks! I’m looking forward to putting out more helpful videos for you guys!
@candyfloss184
2 жыл бұрын
Thank you
@InvestorCenter
2 жыл бұрын
Thank you! Long time not seeing a comment from you, friend!
Пікірлер: 166