S&P 500 – P/E Landscape (update)

Posted: April 6th, 2014 | Filed under: Indices

When studying the P/E ratio across time, it is quite instructive to decompose and visualize the relationship between earnings and price as a scatter plot. In the following chart we present the P/E landscape of the last 19 years segmented in 5 trajectories: tech bubble, dotcom aftermath, housing bubble, credit crunch, QE.

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Marktfeld

Posted: March 12th, 2014 | Filed under: Website

Cash flow graphs of NYSE & NASDAQ listed companies: www.marktfeld.com


S&P 500 – P/E Landscape

Posted: May 28th, 2013 | Filed under: Indices

When studying the P/E ratio across time, it is quite instructive to decompose and visualize the relationship between earnings and price as a scatter plot. In the following chart we present the P/E landscape of the last 18 years segmented in 5 trajectories: tech bubble, dotcom aftermath, housing bubble, credit crunch, QE.

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On excess cash

Posted: May 9th, 2013 | Filed under: Corporate Finance

With so many companies having excess cash on their balance sheets, it is paramount to have a clear understanding of the implications and how they affect investors decisions.
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On buybacks

Posted: May 8th, 2013 | Filed under: Corporate Finance

Following up on a discussion about a specific type of buybacks with @CapitalObserver, here is an example: an investor is buying the stock of a company that has no debt and a pile of excess cash on its balance sheet. Will a buyback financed from this already available excess cash create value for such an investor?
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Check Point Software Technologies Ltd. – Overview 2003-2012

Posted: May 8th, 2013 | Filed under: 10-K | Tags:

We present a quick overview of the company’s assets and cash flows for the period FY2003 – FY2012. Please note that the complete analysis & narrative are not part of this preview.
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DIRECTV – Overview 2007-2012

Posted: May 3rd, 2013 | Filed under: 10-K | Tags:

We took a look at the company’s inner workings and evolution during the last years. Please note that the complete analysis & narrative are not part of this preview.

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Lululemon Athletica, Inc. – Overview

Posted: April 25th, 2013 | Filed under: 10-K | Tags:

We present a general overview of the company’s evolution during the previous years. Please note that the narrative is not part of this free preview. However, the charts tell a big part of the story by themselves.

If you want to concentrate on one issue, check the level of cash on the BS ($590 mio, 56% of total assets) and think about how the company can/will/shall use it.

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Dollar Tree, Inc. – Overview 2002-2012

Posted: April 24th, 2013 | Filed under: 10-K | Tags:

We present a general overview of the company’s evolution during the years 2002-2012. Please note that the complete analysis & narrative are not part of this preview.
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Panera Bread Company – Overview 2002-2012

Posted: April 19th, 2013 | Filed under: 10-K | Tags:

We present a general overview of the company’s evolution during the years 2002-2012.
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