128 lines
3.2 KiB
Org Mode
128 lines
3.2 KiB
Org Mode
#+title: Section 10 | Lesson 55 - Where to get Information for your Financial Models
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#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../_share/media/css/org-media-sass/categories/business.css" />
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* Links
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- [[./../mba-main.org][TOC | Business]]
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- [[https://www.udemy.com/course/an-entire-mba-in-1-courseaward-winning-business-school-prof/learn/lecture/4314666#overview][S10:L55. Where to get Information for your Financial Models]]
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* Notes
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1. Question financial data
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2. CFO's and CEO's are the best salespeople in the world
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** Oracle income statement
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*** lost money
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bc the entire economy was crashing
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*** gained money
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1. revenue growth increased bc they bought companies
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- sun microsystems
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- bea
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- etc
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2. this was not organic growth
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3. organic growth is when you aren't buying companies
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** tech model
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- subscribers or license revenues
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- bookings
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- recognize revenue when you ship the product and they pay you
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- but a lot of this hasn't been paid yet.
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- operating and gross margin trends
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*** tech model bs
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- usually low debt if any
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- cash rich
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- analyze deferred revenue
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*** tech model cash flow
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- cash flow is not as relevent
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- becomes same as revenue
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*** valuation
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- in five years is the company going to be more or less relevant
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- use revenue, eps and cash flow multiples
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- look long term
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** non tech
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*** valuation
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- dcf: discounted cash flow
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- model it five years out
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- revenue, eps, and cash flow multiples
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** growth versus value spectrum
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- growth
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- invest in companies that grow quickly
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- value
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- general only buy cheap stocks
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- don't really get tech stocks
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** info on publicly traded companies
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- www.sec.gov
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- 10Q quarterly reports
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*** 10-q
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1. financial statemetns
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- balance sheet
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- income statement
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- cashflow statement
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2. management discussion & analysis (MD&A)
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- explanation of financial performance and trends
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- insights into risks and future expectations
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3. market risks
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- details on economic, legal or industry risks
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4. legal proceedings
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- updates on lawsuits or government investigations
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5. internal controls
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- corporate governance
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- controls over financial reporting
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*** 10-K
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**** basics
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- annual financial report
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- comprehensive audited overview
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**** sections
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1. business overview
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- industry, operations and business model
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- major products, services and markets
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- competitive landscape
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2. financial statements
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- audited
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- balance sheet
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- assets
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- liabilities
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- equity
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- income statement
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- revenue
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- expenses
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- profit/loss
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- cash flow statement
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- operating
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- investing
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- financing cash flows
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- statement of shareholders equity
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3. management discussion and analysis (MD&A)
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- management anaylysis of financial performence
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- risks, trends, and future outlook
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4. risk factors
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- poetential threats to company
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- economic
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- regulatory
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- competitive
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5. legal proceedings
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6. corporate governance and executive compensation
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- details for CEO's and top executives
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- board of directors and corporate governance policies
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7. market data & shareholder information
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- stock performance
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- number of outstanding shares
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** recap
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- great quantitative tools
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- target price based on estimates in 5 years
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- look for trends
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- use sec.gov
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