April 28, 20230Comments

Reverse DCF Analysis of Tesla, Netflix, and IBM Post Earnings – Stock Trading Pro Podcast

We joined Pete Renzulli on the Stock Trading Pro podcast to discuss the cash flow expectations baked into the stock prices of TSLA, NFLX, and IBM and more.

by Kyle Guske II, Senior Investment Analyst, MBA

November 4, 20210Comments

Barron’s Features our Research on the Expectations Baked Into Tesla’s Valuation

Barron’s featured research from our report, $1 Trillion of Speculation, which quantifies the expectations for future growth in Tesla's valuation.

by Kyle Guske II, Senior Investment Analyst, MBA

May 17, 20210Comments

Coinbase’s Earnings Disappoint: CoinDesk TV & Yahoo Finance

We joined CoinDesk TV and Yahoo Finance to discuss the unrealistic future profit expectations in Coinbase’s current valuation and more.

by Kyle Guske II, Senior Investment Analyst, MBA

May 7, 20210Comments

Do Valuations Matter in Volatile Markets? – CoinDesk TV

We joined CoinDesk TV’s Coin Flip to discuss the fundamental insights from quantifying the expectations for future cash flow growth implied by a firm’s valuation.

by Kyle Guske II, Senior Investment Analyst, MBA

August 27, 20190Comments

We Review WeWork’s IPO on CNBC Asia

We joined CNBC Asia on Monday, August 26 to discuss WeWork’s business and valuation.

by Kyle Guske II, Senior Investment Analyst, MBA

June 18, 20190Comments

Webinar: “How a Reverse Discounted Cash Flow (DCF) Model Works” – Hosted by Interactive Brokers

Watch the webinar replay to learn how we use our DCF model to quantify the cash flow expectations baked into stock prices.

by Sam McBride

June 4, 20190Comments

Interactive Brokers to Host Webinar on June 18, 12pm ET: “How a Reverse Discounted Cash Flow Model Works”

See “How a Reverse Discounted Cash Flow Model Works” on the Interactive Brokers Education platform.

by Kyle Guske II, Senior Investment Analyst, MBA

January 6, 20170Comments

See Exactly How Our Valuation Models Work

We are 100% transparent about our models because we want our clients to know how much rigor and integrity are behind our research.

by Kyle Guske II, Senior Investment Analyst, MBA

February 9, 20161Comments

LinkedIn: How Low Can It Go? $20/share

There is a lack of credible research on “just how low can LNKD go?” Our answer has not changed much since we put LinkedIn in the Danger Zone back in August 2013. We think the bottom for this stock is closer to $20/share

by Kyle Guske II, Senior Investment Analyst, MBA

November 17, 20140Comments

How To Value Stock Step 4: Discounted Cash Flow (DCF)

This is the fourth article in a four part series that walks readers through how to rate and value a stock.

by David Trainer, Founder & CEO

October 1, 20134Comments

30+ Accounting Adjustments to Get the Truth About Earnings & Valuation

Reported earnings don’t tell the whole story of a company’s profits. They are frequently manipulated by companies to manage earnings.

by David Trainer, Founder & CEO

August 15, 20132Comments

Adjusted Total Debt – Valuation Adjustment

The fair value of a company’s total debt is the current amount the company would need to pay to retire the debt and settle the claims of the creditors. This fair value of debt is subtracted from shareholder value because the firm would need to settle these claims before it could return any cash to shareholders.

by David Trainer, Founder & CEO

July 1, 20130Comments

Footnotes Adjustments for Earnings & Valuation Diligence

This article details the uniquely rigorous diligence behind each of our ratings on 3000 stocks, 7000 mutual funds and 400 ETFs. It contains reports on all the adjustments we make to convert GAAP data to economic earnings and derive true shareholder value in a discounted cash flow model.

by David Trainer, Founder & CEO

June 6, 20130Comments

Footnotes Adjustments for Earnings & Valuation Diligence

This report summarizes our series of reports on how to convert GAAP data to economic earnings and derive true shareholder value in a discounted cash flow model as well as more accurate measures of economic

by David Trainer, Founder & CEO

March 22, 20120Comments

New Constructs’ Offerings: Company valuation models

Our Company Valuation models are very sophisticated discounted cash flow and earnings quality models. An enormous amount of works goes into every model. I wish I could offer a short-cut (beyond our ratings and reports) for understanding our models.

by David Trainer, Founder & CEO

April 12, 201110Comments

No Security In VirnetX Holding Corp’s (VHC) Stock

Is VHC the next Google? The market’s current valuation seems to suggest it is that and much more. Very few times in the last 15 years have I found a stock as expensive as VHC. The only comparable situation that comes to mind is Google (GOOG) at its IPO.

by David Trainer, Founder & CEO

February 15, 20113Comments

Stock Pick of the Week: Buy Discover Financial Services (DFS)- Very Attractive Rating

HIDDEN GEMS: 1. Our discounted cash flow analysis shows that DFS’s current valuation (stock price of $21.80) implies that the company’s profits will decline by 40% and never grow again. 2. Economic earnings are growing faster that reported accounting earnings. 3. Free cash flow of $2.8bn or 24% of its enterprise value during the last fiscal year.

by David Trainer, Founder & CEO

November 18, 20100Comments

Initiation of Coverage of ETFs

Today we initiated coverage of ETFs for all major sectors and Indices. Free samples of the initiation reports are here. These reports deliver strategic insights into entire sectors and markets.

by David Trainer, Founder & CEO