Over the past month we have made significant improvements to the 10-Year Financial Page. The improvements are mainly in two areas. The first is a link to the definition of each item. The other is numerous new items added to the page. These items are in the area of Valuation Ratios, absolute valuation and quality measures such as the Altman Z-Score, Piotroski F-score and Beneish M-Score.
We will use a few examples to explain the new items.
In the “Ratios” area, we have added these ratios:
· Days Sales Outstanding
· Days Inventory
· Inventory Turnover
· Debt to Revenue
· COGS to Revenue
· Inventory to Revenue
· Asset Turnover
· Buyback Ratio
· Tax Rate
If you click on each of these items you will be linked to the definition and detailed explanation of them. As with other items, by clicking on a row you will see the historical chart for that item. For instance, this is the historical COGS to Revenue ratio of ExxonMobil (NYSE:XOM) and Apple (NASDAQ:AAPL):
We can clearly see that the COGS to Revenue ratio of XOM has been increasing while Apple’s COGS to Revenue ratio has been declining. Therefore the gross margin of XOM decreased while Apple’s profit grew faster than its revenue.
Valuation RatiosWe have also added a section of Valuation Ratios in the new 10-Year Financial page. These ratios are linked to daily charts.
· PE Ratio (ttm)
· Price to Tangible Book
· Price-to-Free-Cash-Flow ratio
· PS Ratio
· Earnings Yield (Joel Greenblatt)
· Forward Rate of Return
· Shiller PE Ratio
For instance, this is the Earnings Yield (Joel Greenblatt) chart for Apple:
This is the Forward Rate of Return of Walmart (NYSE:WMT) under Don Yacktman’s definition:
Valuation and QualityWe have also added a section of Valuation and Quality at the last section of the financial page. This section includes the historical valuations and charts of these items:
· Market Cap
· Enterprise Value
· Net Cash (per share)
· Net Current Asset Value (per share)
· Intrinsic Value (DCF Projected)
· Median PS (per share)
· Peter Lynch Fair Value
· Graham Number
· Altman Z-Score
· Piotroski F-Score
· Beneish M-Score
For instance, this is the historical Graham Number of Walmart:
The new Valuation Ratios and Valuation and Quality sectionsarefor Premium Members only.If you are not a Premium Member, we invite you for a 7-day Free Trial.
As usual, please let us know what you think and leave your comments below.