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The Gross Profitability Premium
Discover how to pick a stock as we explore the best stocks to invest in right now along with the evolution of value investing and factor investing.
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Avantor (AVTR): ROIC Without Goodwill And Intangibles (2/2)
This second post in our Avantor (AVTR) series, explores ROIC without goodwill and acquired intangibles. There’s tons of value here, so let’s dive in!
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Avantor (AVTR): Breaking Down ROIC (1/2)
Here we look at an Avantor (AVTR) ROIC breakdown from Substack. Exploring the topic, we consider effective tax rates, competitor ROIC, & more!
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SEMR: Recasting Expenses For ROIC (3/3)
Part three of our SEMR series explores their adjusted ROIC & calculate amortization for the assumed investment levels of S&M, G&A, and R&D.
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Semrush (SEMR): Recasting Expenses As Intangible Assets For ROIC (2/3)
Learn about recasting intangible assets for ROIC in our second piece on SEMRush. We use a GAAP income statement to solve for ROIC and more!
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Semrush (SEMR): Company Basics & Recasting Intangibles (1/3)
Recasting intangibles, a Semrush investor presentation, the Semrush S-1, & more! See how SEMR deals with customer lifetime value & acquisition.
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ROIC Comps Example: Orthopedic Supplies
Analyzing capital productivity, economic profits, and invested capital numbers is crucial to understanding ROIC in companies like Smith & Nephew.
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Recasting Expenses For ROIC: PharmaCo Example (2/2)
Find further observations and considerations about recasting expenses for ROIC in part two of our pharmaceutical company example.
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Recasting Expenses For ROIC: PharmaCo Example (1/2)
Learn about recasting expenses for ROIC in part one of our PharmaCo example from Tim Koller’s Mckinsey Valuation 7th Edition.
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Recasting Expenses As Intangible Assets For ROIC
Explore the topic of recasting expenses as intangible assets for the purposes of ROIC, including how the GAAP approach to expenses falls short.
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