Beyond Earnings: Applying the HOLT CFROI and Economic Profit Framework

Amazon.com Price: $38.55 (as of 11/10/2019 16:19 PST- Details)

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Description

Beyond Earnings is targeted at investors, financial professionals, and students who need to support their ability to analyze financial statements, forecast cash flows, and in the long run value a company. The authors demonstrate that reported earnings are easily gamed by accounting shenanigans and reveal how commonly used profitability measures such as return on equity can also be misleading.

Because earnings and P/E ratios are too unreliable for valuation, this book takes you beyond earnings and shows you how to apply the HOLT CFROI and Economic Profit framework in a step by step manner. A better measure of profitability results in improved capital allocation decisions and fundamental valuations.

This ground-breaking book offers the first practical in-depth discussion of how profitability and growth fade, and shows how to put this information to work very quickly. The authors introduce their trailblazing Fundamental Pricing Model which includes fade as an adjustable value driver and can be utilized to value the have an effect on of business model disruption.

As the authors provide an explanation for, the key to superior stock picking is understanding the expectations embedded in a stock’s price and having a clear view of whether the company can beat those expectations. The HOLT framework has been rigorously field tested for over 40 years by global investment professionals to help them make better stock picks and by corporate managers to remember the expectations embedded in their stock price.

Beyond Earnings is an indispensable guide for investors who need to support their odds of outperforming the competition.

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