Post on 02-Jun-2018
transcript
8/10/2019 Freefincal Stock Analyzer Version 1
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To use this
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sheet
Open an account with morningstar.in
Enter an stock in the search at the top of the page
Go to 'Financial and Key ratios'
Click the 'export' option
A .csv file will either open or be saved to your computer
In this file, go to 'MorningStar data'Select Columns A to L and hit delete
Go to the .csv file. Select Columns A to L and 'copy'
Come back to 'MorningStar data', select Cell A1 and paste
The file is read to use. If you want to have separate files for each stock, you can rename this file suitably
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5-Year Average
10-Year Average
Operating Income %
Year over Year 11.95 7.53 2.48
3-Year Average 7.25
5-Year Average
10-Year AverageNet Income %
Year over Year 0.04 24.56 5.97
3-Year Average 9.71
5-Year Average
10-Year Average
EPS %
Year over Year 0.12 24.55 5.92
3-Year Average 9.72
5-Year Average
10-Year Average
Key Ratios -> Cash Flow
Cash Flow Ratios 2005-03 2006-03 2007-03
Operating Cash Flow Growth % YOY 52.18 54 -16.03
Free Cash Flow Growth % YOY -42.44 235.53 -13.37
Cap Ex as a % of Sales 8.36 4.45 2.97
Free Cash Flow/Sales % 4.24 12.22 9.2
Free Cash Flow/Net Income 0.36 0.98 0.8
Key Ratios -> Financial Health
Balance Sheet Items (in %) 2005-03 2006-03 2007-03Cash & Short-Term Investments 27.46 35.15 37.6
Accounts Receivable 3.03 1.18 1.33
Inventory 13.41 11.88 11.35
Other Current Assets 0.94 0.66 0.55
Total Current Assets 44.84 48.87 50.83
Net PP&E 28.04 27.18 27.14
Intangibles
Other Long-Term Assets 27.12 23.95 22.03
Total Assets 100 100 100
Accounts Payable 28.96 33.71 32.88
Short-Term Debt
Taxes Payable
Accrued Liabilities
Other Short-Term Liabilities 25.53 21.62 27.17
Total Current Liabilities 54.49 55.33 60.05
Long-Term Debt 1.57 0.68 0.6
Other Long-Term Liabilities
Total Liabilities 56.06 56.01 60.66
Total Stockholders' Equity 43.94 43.99 39.34
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Total Liabilities & Equity 100 100 100
Book Value Per Share INR
Liquidity/Financial Health 2005-03 2006-03 2007-03
Current Ratio 0.82 0.88 0.85
Quick Ratio 0.56 0.66 0.65
Financial Leverage 2.28 2.27 2.54Debt/Equity 0.04 0.02 0.02
Key Ratios -> Efficiency Ratios
Efficiency 2005-03 2006-03 2007-03
Days Sales Outstanding 9.6 4.09 2.38
Days Inventory 55.9 56.95 49.77
Payables Period 129.05 141.98 142.71
Cash Conversion Cycle -63.55 -80.93 -90.56
Receivables Turnover 38.01 89.18 153.15
Inventory Turnover 6.53 6.41 7.33
Fixed Assets Turnover 6.9 6.67 7.09
Asset Turnover 1.68 1.84 1.93
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2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM
14,739 16,952 19,625 22,206 26,932 31,638 35,788 37,758
59.4 59.8 61.2 60.7 59.4 61.2 60.1 61.5
3,059 3,485 5,004 5,199 6,191 6,630 7,280 7,012
20.8 20.6 25.5 23.4 23 21 20.3 18.62,358 2,858 4,356 4,026 4,465 4,968 5,399 5,096
17.34 21.01 31.92 29.6 32.83 36.53 39.7 37.48
16 21 27 25 28 27 35
76.1 65.8 91.2 76.1 76.6 68 93.4
0.761542 0.657895 0.912162 0.761499 0.766493 0.680101 0.933831
136 136 136 136 136 136 136
12.6 16.1 23.98 28.24 32.02 36 44.11 54.19
2,914 3,497 4,040 3,854 4,028 6,149 4,574 4,574
-452 -371 -358 -411 -1,022 -1,547 -3,236 -3,236
2,462 3,125 3,682 3,443 3,006 4,602 1,337 1,337
18.1 22.98 27.07 25.32 22.11 33.84 9.83
-1,578 -835 369 612 603 116 -1,915
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM
100 100 100 100 100 100 100 100
40.59 40.17 38.8 39.27 40.57 38.81 39.92 38.47
59.41 59.83 61.2 60.73 59.43 61.19 60.08 61.53
26.04 1.09
43.89 44.79 40.57 42.13 10.4 41.81 41.14 42.8420.76 20.56 25.5 23.42 22.99 20.96 20.34 18.57
-24.12 -1.14
20.76 -3.56 25.5 23.42 21.85 20.96 20.34 18.57
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM
22.64 12.95 22.57 24.12 25.08 25.84 27.32
16.06 16.86 22.12 18.13 16.58 15.7 15.09 13.5
2.05 2.21 2.32 2.32 2.5 2.6 2.56 2.31
32.94 37.2 51.31 42.11 41.4 40.78 38.62 31.21
4.26 3.69 2.68 2.68 2.59 2.67 2.48 2.35
105.24 146.41 158.07 112.72 108.97 107.41 99.11 67
103.19 142.98 155.45 112 109.25 107.41 99.11 67
389.94
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 Latest Qtr
13.76 15.02 15.76 13.15 21.29 17.47 13.12 11.08
15.06 14.61 14.84 14.64 16.69 17.26 17.24
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12.46 15.2 14.55 15.76 16.51 16.12
14.28
56.53 13.92 43.57 3.91 19.07 7.09 9.79 21
19.93 22.26 36.8 19.34 21.11 9.84 11.87
17.08 23.05 22.21 25.94 16.73 15.87
16.47
58.87 21.22 52.43 -7.58 10.9 11.26 8.68
28 26.84 43.18 19.53 16.03 4.48 10.28
20.52 31.11 23.52 24.64 16.07 13.57
16.99
58.94 21.16 51.93 -7.27 10.91 11.27 8.68 18.39
27.99 26.82 43.03 19.51 16.04 4.6 10.28
20.53 31.01 23.51 24.65 16.07 13.57
17
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM
84.77 20.01 15.54 -4.6 4.52 52.64 -25.62
106.47 26.96 17.8 -6.48 -12.69 53.08 -70.94
3.07 2.19 1.83 1.85 3.8 4.89 9.04 8.57
16.7 18.44 18.76 15.51 11.16 14.55 3.74 3.54
1.04 1.09 0.85 0.86 0.67 0.93 0.25 0.26
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 Latest Qtr40.75 48.62 52.02 48.71 27.43 33.58 19.27 20.47
1.29 1.38 1.1 4.18 7.73 6.21 3.68 3.42
11.83 11.18 12.59 14.96 19.27 14.18 15.16 14.51
0.36 0.77 0.61 0.71 9.64 6.71 7.01 8.87
54.22 61.95 66.33 68.57 64.07 60.69 45.13 47.28
32.95 31.85 29.47 24.83 28.67 29.28 46.85
12.82 6.2 4.2 6.6 7.27 10.03 8.03 52.72
100 100 100 100 100 100 100 100
41.79 44.54 41.57 41.01 32.67 35.71 34.25 33.67
33.64 27.41 20.58 21.6 26.06 24.09 23.73 21.16
75.44 71.95 62.16 62.61 58.73 59.8 57.99 54.83
0.64 0.58 0.52
0.56 0.46 2.73 2.74 1.72 2.58
76.63 72.99 62.67 62.62 61.46 62.53 59.71 57.4
23.37 27.01 37.33 37.38 38.54 37.47 40.29 42.6
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100 100 100 100 100 100 100 100
12.6 16.1 23.98 28.24 32.02 36 44.11 54.19
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 Latest Qtr
0.71 0.86 1.07 1.1 1.09 1.01 0.78 0.86
0.55 0.69 0.85 0.84 0.6 0.77 0.51 0.59
4.26 3.69 2.68 2.68 2.59 2.67 2.48 2.350.03 0.02 0.01
2008-03 2009-03 2010-03 2011-03 2012-03 2013-03 2014-03 TTM
2.33 2.21 1.94 4.33 8.82 9.72 6.93 6.19
50.82 47.3 48.31 55.48 62.03 59.89 52.5 59.79
164.48 178.96 174.71 165.15 132.01 124.19 124.74 134.38
-111.33 -129.45 -124.46 -105.35 -61.15 -54.58 -65.3 -68.4
156.84 165.22 187.77 84.22 41.36 37.56 52.65 58.98
7.18 7.72 7.56 6.58 5.88 6.09 6.95 6.1
6.82 6.82 7.58 8.61 9.31 8.96 6.63
2.05 2.21 2.32 2.32 2.5 2.6 2.56 2.31
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TTM 2005 2006 2007 2008 2009
Tax Rate % 27% 37% 27% 24% 23%
Gross Margin % 62% 51% 56% 56% 59% 60%
EBT Margin 19% 18% 17% 15% 21% -4%
Operating Margin % 19% 18% 17% 15% 21% 21%
Return on Equity % 67% 44% 52% 53% 105% 146%
1Y rolling growth growth in RoE 18% 2% 98% 39%3Y rolling growth RoE 6% 26% 40%
5Y rolling growth RoE 27%
7Y rolling growth RoE
Return on Invested Capital % 67% 42% 51% 52% 103% 143%
1Y rolling growth growth in RoIC 20% 3% 97% 39%
3Y rolling growth ROIC 7% 27% 40%
5Y rolling growth ROIC 28%
7Y rolling growth ROIC
Return on Assets % 31% 20% 23% 22% 33% 37%
TTM 2005 2006 2007 2008 2009
Shares Mil 136 136 136 136 136
Net Income INR Mil 5096 1124 1400 1484 2358 2858
Earnings Per Share INR 37.48 8.27 10.3 10.91 17.34 21.01
Dividends INR 35 16
Payout Ratio % 93% 76%
Diluted Earnings Per Share* 8.26 10.29 10.91 17.34 21.01
1Y rolling growth growth in Diluted EPS 25% 6% 59% 21%
3Y rolling growth diluted EPS 10% 19% 24%
5Y rolling growth diluted EPS 21%
7Y rolling growth diluted EPS
Book Value Per Share INR 54.19 12.6 16.11Y rolling growth growth in BV per share #VALUE! #VALUE! #VALUE! 28%
3Y rolling growth diluted BV per share #VALUE! #VALUE! #VALUE!
5Y rolling growth diluted BV per share #VALUE!
7Y rolling growth diluted BV per share
TTM 2005 2006 2007 2008 2009
EBT Margin 18.57 18.33 16.94 15.09 20.76 -3.56
1Y rolling growth growth in EBT margin -8% -11% 38% -117%
3Y rolling growth EBT margin -6% 7% -162%
5Y rolling growth EBT margin -172%
7Y rolling growth EBT margin
Debt/Equity 0.04 0.02 0.02 0.03 0.02
Free Cash Flow INR Mil 1337 410 1376 1192 2462 3125
1Y rolling growth growth in cash flow 236% -13% 107% 27%
3Y rolling growth free cash flow 43% 21% 38%
5Y rolling growth free cash flow 50%
7Y rolling growth free cash flow
Return on Assets % 31% 19.54% 22.90% 22.05% 32.94% 37.20%
1Y rolling growth growth in RoA 17% -4% 49% 13%
3Y rolling growth RoA 4% 13% 19%
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5Y rolling growth RoA 14%
7Y rolling growth RoA
TTM 2005 2006 2007 2008 2009
Operating Cash Flow Growth % YOY 52% 54% -16% 85% 20%
3Y rolling growth OCF 25% 34% 23%
5Y rolling growth OCF 23%
7Y rolling growth OCFFree Cash Flow/Sales % 3.54% 4.24% 12.22% 9.20% 16.70% 18.44%
1Y rolling growth growth in FCF/Sales 188% -25% 82% 10%
3Y rolling growth FCF/Sales 29% 11% 26%
5Y rolling growth FCF/Sales 34%
7Y rolling growth FCF/Sales
EBIDT 769.1 208.55 224.69 273.08 300.05 373.69
1Y rolling growth growth in EBIDT 8% 22% 10% 25%
3Y rolling growth EBIDT 9% 10% 11%
5Y rolling growth EBIDT 12%
7Y rolling growth EBIDT
Morning Star does not seem to have this data. You can get
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2010 2011 2012 2013 2014 Average Std Dev Inconsistency measure*
13% 23% 24% 25% 26% 24.50% 6% 0.115
61% 61% 59% 61% 60% 58.50% 3% 0.000
26% 23% 22% 21% 20% 17.96% 8% 0.016
26% 23% 23% 21% 20% 20.49% 3% 0.002
158% 113% 109% 107% 99% 98.73% 39% 0.035
8% -29% -3% -1% -8%15% -8% -12% -2% -3%
25% 16% 1% -6% -9%
14% 11% 11% -1%
155% 112% 109% 107% 99% 97.48% 38% 0.036
9% -28% -2% -2% -8%
15% -8% -11% -1% -3%
25% 16% 1% -6% -9%
15% 12% 11% -1%
51% 42% 41% 41% 39% 34.89% 10% 0.010
2010 2011 2012 2013 2014 Average Std Dev Inconsistency measure*
136 136 136 136 136
4356 4026 4465 4968 5399 3244 1594 0.127
31.92 29.6 32.83 36.53 39.7 23.8 11.7 0.120
21 27 25 28 27 24.0 4.6 0.757
66% 91% 76% 77% 68% 76% 9% 0.470
32.03 29.60 32.83 36.53 39.70 23.9 11.7 0.121
52% -8% 11% 11% 9% 21% 22% 0.179
23% 12% 1% 7% 7%
25% 22% 14% 12% 4%
20% 18% 19% 13%
23.98 28.24 32.02 36 44.11 27.6 11.1 0.67649% 18% 13% 12% 23%
24% 21% 10% 8% 11%
#VALUE! #VALUE! 21% 17% 13%
#VALUE! #VALUE! #VALUE! 20%
2010 2011 2012 2013 2014 Average Std Dev Inconsistency measure*
25.5 23.42 21.85 20.96 20.34 18.0 8.1 #NUM!
-816% -8% -7% -4% -3%
7% -287% -5% -4% -2%
9% 9% 1% -243% -4%
4% 4% 5% 0%
0.01 0.02 0.0 0.404
3682 3443 3006 4602 1337 2463.5 1334.8 0.174
18% -6% -13% 53% -71%
14% 3% -7% 10% -24%
22% 24% 4% 8% -18%
36% 12% 21% -8%
51.31% 42.11% 41.40% 40.78% 38.62%
38% -18% -2% -1% -5%
16% 4% -7% -1% -2%
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18% 14% 5% 2% -6%
12% 9% 9% 2%
2010 2011 2012 2013 2014 Average Std Dev Inconsistency measure*
16% -5% 5% 53% -26% 34.89% 10% 0.010
37% 10% 5% 15% 6%
19% 11% 14% 11% 4%
25% 19% 18% 16%18.76% 15.51% 11.16% 14.55% 3.74% 7.98% 4% 0.612
2% -17% -28% 30% -74%
4% -6% -16% -2% -31%
9% 11% -8% -5% -28%
20% -1% 7% -19%
516.25 556.38 628.28 706.73 714.33 450.2 197.7 0.091
38% 8% 13% 12% 1%
20% 14% 7% 8% 4%
18% 15% 16% 14% 7%
15% 16% 15% 13%
it from screener.in and paste it below! (green cells)
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Geometric average*
22%
58%
18%
20%
95%
94%
35%
Geometric average*
2831
21
6
0
21
0
9
Geometric average*
#NUM!
0.01
2035
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Geometric average*
35%
3%
409
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Diluted Earnings per share Used a version of the formula foud here
Please let me know if the formula used in t
Inconsistency Measure I have used the difference between arithm
inconsistency or volatility. Lower the bette
Geometric average Using the form of the CAGR or Compound
Not always relevant. Used only for calculat
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http://www.financeformulas.net/Diluted-EPS.html
he sheet is wrong. I think it is!
etic average and geometric average as a measure of
r!
d annualized growth rate.
ing inconsistency
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Choose 'none' if you want to get rid of a plot
Choose property (left y-axis) Return on Equity %
Choose property (left y-axis) EBT Margin
Choose property (right y-axis) None
Choose property (right y-axis) None
-0.2
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2004 2005 2006
Return on Equit
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0
0.2
0.4
0.6
0.8
1
1.2
2007 2008 2009 2010 2011 2012 2013 2014 2015
y % EBT Margin None None
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None 2 3
Tax Rate % 2005.00 2006.00
Gross Margin % 0.4415 0.5209
EBT Margin 0.1833 0.1694
Operating Margin % #N/A #N/A
Return on Equity % #N/A #N/A
1Y rolling growth growth in RoE3Y rolling growth RoE
5Y rolling growth RoE
7Y rolling growth RoE
Return on Invested Capital %
1Y rolling growth growth in RoIC
3Y rolling growth ROIC
5Y rolling growth ROIC
7Y rolling growth ROIC
Return on Assets %
Shares Mil
Net Income INR Mil
Earnings Per Share INR
Dividends INR
Payout Ratio %
Diluted Earnings Per Share*
1Y rolling growth growth in Diluted EPS
3Y rolling growth diluted EPS
5Y rolling growth diluted EPS
7Y rolling growth diluted EPS
Book Value Per Share INR
1Y rolling growth growth in BV per share3Y rolling growth diluted BV per share
5Y rolling growth diluted BV per share
7Y rolling growth diluted BV per share
EBT Margin
1Y rolling growth growth in EBT margin
3Y rolling growth EBT margin
5Y rolling growth EBT margin
7Y rolling growth EBT margin
Debt/Equity
Free Cash Flow INR Mil
1Y rolling growth growth in cash flow
3Y rolling growth free cash flow
5Y rolling growth free cash flow
7Y rolling growth free cash flow
Return on Assets %
1Y rolling growth growth in RoA
3Y rolling growth RoA
5Y rolling growth RoA
7Y rolling growth RoA
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Operating Cash Flow Growth % YOY
3Y rolling growth OCF
5Y rolling growth OCF
7Y rolling growth OCF
Free Cash Flow/Sales %
1Y rolling growth growth in FCF/Sales
3Y rolling growth FCF/Sales5Y rolling growth FCF/Sales
7Y rolling growth FCF/Sales
EBIDT
1Y rolling growth growth in EBIDT
3Y rolling growth EBIDT
5Y rolling growth EBIDT
7Y rolling growth EBIDT
0
0
0
0
0
0
0
0
0
0
0
0
0
00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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0
0
0
0
0
0
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4 5 6 7 8 9 10 11
2007.00 2008.00 2009.00 2010.00 2011.00 2012.00 2013.00 2014.00
0.5308 1.0524 1.4641 1.5807 1.1272 1.0897 1.0741 0.9911
0.1509 0.2076 -0.0356 0.255 0.2342 0.2185 0.2096 0.2034
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
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Calculate if the stock is overvalued or undervalued
Price Multiple Model. Source: http://investexcel.net/how-to-cal
Current price 1,756.90
Average annual Diluted EPS Growth over last 10Y 21%
Standard Deviation 22% If the standard deviati
Expected conservative EPS growth 20%Forward PE (get from Morningstar) 41
Current EPS (TTM) 37.48
Current Dividend per share (TTM) 35
Expected conservative rate of return 15%
Expected EPS Growth
Year 0 37.48
Year 1 44.976
Year 2 53.9712
Year 3 64.76544
Total 3Y EPS 163.7126
Expected Share Price in 3 Years 2655.383
Dividend Payout Ratio 0.540412
Total Dividends Per Share Over 3 Years 88.47222
Expected Share Value at End of 3 Years 2743.855
Present Share Value for Good Value 1804.129 Stock is undervalued
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ulate-if-a-stock-is-undervalued-or-overvalued/
n is as high than the average, the average is useless!
Expected EPS Growth
Year 0 37.48
Year 1 44.976
Year 2 53.971
Year 3 64.765
Year 4 77.719
Year 5 93.262
Total 5Y EPS 334.69
Expected Share Price in 5 Years 3823.8
Dividend Payout Ratio 0.3753
Total Dividends Per Share Over 3 Years 125.61
Expected Share Value at End of 3 Years 3949.4
Present Share Value for Good Value 2596.8 Stock is undervalued