The largest of China's state-owned enterprises adopt EVA as the best measure to assess their performance. Investor Learning Series
EVA Margin & EVA Momentum vs. Economic Margin and CFROI
Investors are increasingly turning from conventional but flawed accounting metrics, like EBITDA, EPS, ROE, and PE. They are more and more recognizing the added precision, insight, and alpha that is available from screening and valuing stocks using discounted cash flow techniques, such as those based on “Economic Margin” or “CFROI” (cash flow return on investment). But now, a new valuation paradigm is being introduced, one that is based on measuring, analyzing, forecasting and valuing economic profit, or EVA (”economic value added”), as we call it.
In this one hour webinar, Bennett Stewart, CEO of EVA Dimensions, and former founding partner of Stern Stewart & Co., the EVA management consulting firm, will introduce two important new valuation metrics – EVA Margin and EVA Momentum – and will demonstrate how and why they are better investment tools than “Economic Margin” and “CFROI” (cash flow return on investment).
View this webcast
(viewing requires a simple and quick download of a GOTOMEETING link).
Complimentary Webinar Series from EVA Dimensions LLC
- Part I: EVA vs. EPS
- Part II: EVA vs. ROI
- Part II: EVA vs. Cash Flow
- Part IV: EVA Dimensions’ PRVit Investment Research & Screener
- Part V: EVA Dimensions’ Financial Radar Screen (FRS) Software
Bennett Stewart and EVA Dimensions LLC are pleased to announce a five part Investor Webinar series that will investigate the ways that conventional metrics and valuation parameters are highly misleading decision tools, and why and how the EVA – Economic Value Added – metrics and valuation model are clearly superior – and can help make you a better investor.
We’ll give you concepts, case studies, and convincing empirical validation.
By tuning in, you will learn:
- How to replace flawed but popular metrics in your screens and tear sheets with a powerful array of EVA metrics that are more instantly and reliably informative than any other approach
- How to use the EVA indicators to turbo-charge your screens and imbue them with penetrating financial intelligence
- How to X-ray a company’s performance and its business model and dive deeply into its real value drivers
- And how to rate and value stocks with a set of advanced-EVA based tools now incorporated into the best, most sophisticated fundamental equity analysis tool on the market today – the “Financial Radar Screen” software exclusively from EVA Dimensions.
Each Webinar is approximately one hour in length.
EVA vs. EPS
A discussion on EVA and how it is a superior metric to EPS. The “accounting model of value” says EPS times PE multiple is stock price, and thus, EPS is a reliable guide to share value. But that assumes PE ratios are constant, but they are not. Here’s why.
View this webcast
(viewing requires a simple and quick download of a GOTOMEETING link).
EVA vs. ROC
A discussion on pitfalls in Return on Capital, and ratios of all kinds; introduction to EVA Momentum, the only ratio that tells the whole performance and value story, and a powerful diagnostic framework that goes along with it.
View this webcast
(viewing requires a simple and quick download of a GOTOMEETING link).
EVA vs. Cash Flow
A discussion of why EVA is the same as, but actually far more useful and informative, than cash flow, and how to use projections of EVA to analyze and measure value.
View this webcast
(viewing requires a simple and quick download of a GOTOMEETING link).
The PRVit Stock Rating System
A discussion of our twelve point ranking of performance, risk, valuation vs. the Russell 3000, according to EVA Analysis. PRVit offers EVA based investment research and screening applications.
View this webcast
(viewing requires a simple and quick download of a GOTOMEETING link).
EVA Dimensions’ Financial Radar Screen (FRS) Software
A discussion on how to rate, value, screen, model and project stocks according to EVA analysis using EVA Dimensions’ Software Tool called FRS, standing for the Financial Radar Screen
View this webcast
(viewing requires a simple and quick download of a GOTOMEETING link).