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Nestlé, the M&A Leader, Even Acquired Starbucks (Sort Of)

By Andrew Stotz

What’s interesting about Nestle is…that it is the M&A leader, even acquired Starbucks (sort of)

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P&L Forecasting

By Andrew Stotz

Three things that really matter on “Profit and Loss statement” or what we also call “Income statement” in the US or “P&L” in the UK. First …

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Data updates

By Andrew Stotz

Gaining advantage by exploiting new data instantly is only possible if done immediately. This is how to manually update the data …

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Valuation Master Class forecasting guidance

By Andrew Stotz

ValueModel is a three-stage model to cover three phases of a company’s growth life cycle divided into three categories: P&L, balance sheet …

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Total asset growth, net fixed asset growth and CAPEX-to-depreciation

By Andrew Stotz

ValueModel checks if your total asset growth, net fixed asset growth, and CAPEX-to-depreciation forecast deviate substantially from the past.

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Theory

By Andrew Stotz

P/E is an easy to use and commonly used measure of company value, it can be described as what you would pay in price for one in earnings.

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Terminal multipliers

By Andrew Stotz

We estimate the terminal value of cash flows by valuing the company as a perpetuity using the Gordon Growth model.

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Introduction to the model

By Andrew Stotz

The excel file consists of 9 sheets which serve different purposes. Sheet FS: This sheet includes the financial data provided

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ROIC fading and terminal multiplier

By Andrew Stotz

The ValueModel checks whether your terminal multiplier is too high and you chose the right ROIC fading. Related Valuation Mistakes articles

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Misclassification

By Andrew Stotz

We help you with the identification and correction of misclassifications. Here are some of the data difficulties we encountered in the past:

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