For instance, looking at the US, I might want to exclude the pink sheets or look at Nyse. You don't get the magic formula score, the earnings yield, the ROC, or any other information. As you can see in the screenshot above, you get the company name, the ticker, the market cap, the stock quote price, and the date of the most recent quarter. The site is just a companion to sell more books and has not been updated for quite a long time. This site has been compromised, and all users have been asked to change their passwords. Just select whether you want the top 30 or 50 companies, and the list pops up in seconds. You can use Joel's stock screener, which is available at. How can I find more magic formula companies? Only very well-run companies can achieve results like these. The company is in excellent financial health and did not need any additional capital to cover its short-term obligations.įor every dollar Altria spent, it generated 6 dollars.Altria only needed 2 billion dollars in cash to purchase fixed assets to conduct its business over the same period.For the last 12 months, the company generated 11bn.
We already used Operating income in the earnings yield.To calculate ROC, we divide the operating income by the sum of net fixed assets and net working capital. It's at the top of the histogram, and only a few companies do better.
Let's have a look if Altria excels in this area.Īs you can see, Altria is very good at making money. To find companies that excel at making money, we use the Return on Invested Capital (ROIC), more commonly known as ROC. Enterprise value is the closest measure of the value of a company's total value. Operating earnings or EBIT is a much cleaner way of looking at the company's earnings.Ĭompanies have different levels of debt, which is not considered when looking only at market capitalization.
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