SlideShare ist ein Scribd-Unternehmen logo
1 von 12
Downloaden Sie, um offline zu lesen
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                         October 2009




                        A Structured Approach to
                           Analyzing Company
                       Fundamentals with Toolkit 6
                       Presented by Doug Gerlach
                            President,
                            President, ICLUBcentral
                              gerlach@iclub.com
                            http://www.iclub.com
                                                                           1




                       About Our Stock Analysis Software
                    • For investors, not traders
                          investors,
                    • Based on premise that companies that increase EPS
                      will eventually see share prices grow
                    • Uses fundamental, long-term analysis
                                          long-
                    • Based on identifying underlying characteristics of
                      growth and quality
                    • Provides framework for structured sell decisions

                                                                           2




                                                                                         1
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                                                           October 2009




                                           Program History
                    • Long legacy of development:
                         – Version 1.0 released in 1991
                         – Version 6.0 released in 2008
                         – Version 6.4 released in 2010



                                                                                                             3




                               What’s New in Version 6?
                    •   Streamlined toolbar                       •   Smart data updater alerts you when
                    •   Mini SSG graphs pop up in library &           new data is available
                        Comparison header                         •   Preference to use beginning year, ending
                                                                      year, or average equity in ROE
                    •   Additional graphing: free cash flow,
                                                                  •   Display & print “preferred procedure”
                        book value, net income, debt, shares          on SSG graph
                        outstanding, dividends
                                                                  •   Display Quality & Sector in SSG header
                    •   Plot future FY EPS & Sales estimates on   •   EPS & Sales growth R2 displayed on
                        graph                                         Page 1
                    •   “Default Judgment” applies conservative   •   Integrated web links never out of date
                        values to all judgment items              •   Read community messages about your
                    •   25/50/25 zoning now default                   stock on StockCentral message boards
                    •   Display debt/equity trend in Section 2    •   Section 3 “Additional Items” better
                    •   Use 10-year P/E Ratios by default
                            10-                                       organized
                                                                  •   Additional Low Price Options
                    •   Implied growth rate displayed on EPS
                                                                                                             4
                        Growth judgment window




                                                                                                                           2
                                         by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                         October 2009




                     New for StockCentral Subscribers
                    • “First Impression” screen when you load a new company
                    • Complete Roster displayed as portfolio, automatically
                      downloaded each week into program
                    • Upload completed studies to StockCentral for peer
                      review
                    • Take Stock EPS growth rate estimate displayed on EPS
                      Growth Judgment window
                    • Take Stock Quality Rating displayed in SSG page header


                                                                           5




                          3-Step Approach to Analysis
                    1. Assess Company Growth
                        – Strength & consistency of past EPS growth
                        – Determine likely future EPS growth
                    2. Review Company Quality
                        – Stability of margins, ROE, debt
                    3. Determine Valuation
                                                                           6




                                                                                         3
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                       October 2009




                                    1. Assess Growth
                    • Focus on operating earnings (eliminate non-
                                                               non-
                      recurring events).
                    • Is historical growth of EPS & Sales consistent?
                        – Review R2 at bottom of Stock Study.
                    • Is historical growth strong enough for size of
                      company?

                                                                         7




                                   Project Future EPS
                    • What is likely future EPS growth for company?
                    • Incorporate external information with your
                      own judgment:
                        –   Long-
                            Long-term analyst estimates
                        –   Near-
                            Near-term analyst estimates
                        –   Implied (sustainable) growth rate
                        –   Company guidance
                        –   Other research
                                                                         8




                                                                                       4
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                            Refine Your EPS Estimate
                    • Construct Revenue-Based EPS Model
                                Revenue-
                      (streamlined analyst technique).




                                                                          9




                          2. Review Company Quality
                    • Review Trend and Average of:
                        – Pre-Tax Profit Margins
                          Pre-
                        – Return on Equity
                        – Debt to Equity
                    • Compare to Industry Averages & Peers.

                                                                         10




                                                                                        5
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                              3. Determine Valuation
                    • Review Historical P/E Ratios & Yield.
                    • Determine likely ranges of P/E Ratios
                      in future, given assumed company
                      growth rate.


                                                                         11




                              Analyze Reward & Risk
                    • Not enough to buy a good company, must
                      buy at right price.
                    • Is there enough reward compared to risk if
                      purchased at current price?



                                                                         12




                                                                                        6
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                                Total Return Analysis
                    • Does Projected Total Return (from
                      dividends, price appreciation, P/E
                      expansion) meet your objectives?




                                                                         13




                                  Library & Portfolio
                     • Save stock studies to library
                     • Export stock study in *.SSG format to share
                       with other users
                     • Create & manage multiple portfolios
                     • Create & manage multiple libraries

                                                                         14




                                                                                        7
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                              Manage Your Portfolios
                    • Portfolio Report Card provides:
                        – Overview of fundamentals of current
                          holdings.
                        – Access to deeper evaluation.
                        – Eliminates need for old-fashioned &
                                              old-
                          complicated paper forms.

                                                                         15




                                  Portfolio Overview
                    • Metrics on state of holdings.
                    • Overview of key metrics for each stock.




                                                                         16




                                                                                        8
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                                      Portfolio Alerts
                    • Knowing when to sell:
                        – Defense: Get early warning signals if
                          Defense:
                          conditions change for the worse.
                        – Offense: Sell holdings with limited upside
                          Offense:
                          potential.

                                                                         17




                          Challenge Existing Holdings
                    • Don’t merely sell – replace holdings with
                      prospects that offer higher quality/better
                      returns.
                    • Consistently strive to upgrade your
                      portfolio.


                                                                         18




                                                                                        9
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                                    Portfolio Reports
                    • Provide more information.
                    • Are current holdings indicated as potential
                      buys?
                    • Are fundamentals deteriorating?



                                                                         19




                                  Additional Features

                    • Quarterly trend analysis.
                    • Graph additional items.
                    • Compare stocks.


                                                                         20




                                                                                       10
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                                        Data Sources
                    • Can enter historical data by hand.
                    • Or subscribe to data feed:
                        – BetterInvesting/S&P
                        – StockCentral.com/Morningstar
                        – AAII/Reuters (CD-ROM only)
                                        (CD-
                        – Value Line (CD-ROM only)
                                     (CD-

                                                                         21




                                For More Information
                    • Download a free 30-day demo at
                                       30-
                      http://www.iclub.com/tk6/
                    • Call 1-877-33-ICLUB
                           1-877-33-
                    • Buy at today’s event and save off full
                      retail price!
                                                                         22




                                                                                       11
                                    by Doug Gerlach, gerlach@iclub.com
An Introduction to Toolkit 6

Doug Gerlach - A Structured Approach to Stock Analysis                        October 2009




                                                             Learn why
                                                            Toolkit is the
                                                            world’s most
                                                          popular software
                                                          for fundamental
                                                             analysis of
                                                               stocks!
                                                                         23




                                                                                       12
                                    by Doug Gerlach, gerlach@iclub.com

Weitere ähnliche Inhalte

Was ist angesagt? (14)

NG BB 39 IMPROVE Roadmap
NG BB 39 IMPROVE RoadmapNG BB 39 IMPROVE Roadmap
NG BB 39 IMPROVE Roadmap
 
Corporate Positioning w Messaging Framework
Corporate Positioning w Messaging FrameworkCorporate Positioning w Messaging Framework
Corporate Positioning w Messaging Framework
 
newmont mining 2_Cap_Eff_Final
newmont mining 2_Cap_Eff_Finalnewmont mining 2_Cap_Eff_Final
newmont mining 2_Cap_Eff_Final
 
NG BB 52 CONTROL Roadmap
NG BB 52 CONTROL RoadmapNG BB 52 CONTROL Roadmap
NG BB 52 CONTROL Roadmap
 
NG BB 45 Quick Change Over
NG BB 45 Quick Change OverNG BB 45 Quick Change Over
NG BB 45 Quick Change Over
 
NG BB 02 Table of Contents
NG BB 02 Table of ContentsNG BB 02 Table of Contents
NG BB 02 Table of Contents
 
Smalley sandra
Smalley sandraSmalley sandra
Smalley sandra
 
NG BB 22 Process Measurement
NG BB 22 Process MeasurementNG BB 22 Process Measurement
NG BB 22 Process Measurement
 
NG BB 14 DEFINE Tollgate
NG BB 14 DEFINE TollgateNG BB 14 DEFINE Tollgate
NG BB 14 DEFINE Tollgate
 
NG BB 11 Power Steering
NG BB 11 Power SteeringNG BB 11 Power Steering
NG BB 11 Power Steering
 
NG BB 13 Voice of Customer
NG BB 13 Voice of CustomerNG BB 13 Voice of Customer
NG BB 13 Voice of Customer
 
NG BB 46 Mistake Proofing
NG BB 46 Mistake ProofingNG BB 46 Mistake Proofing
NG BB 46 Mistake Proofing
 
Developments around basel 2
Developments around basel 2Developments around basel 2
Developments around basel 2
 
Agile Project Management for elearning development
Agile Project Management for elearning developmentAgile Project Management for elearning development
Agile Project Management for elearning development
 

Andere mochten auch

Legal and ethical issues
Legal and ethical issuesLegal and ethical issues
Legal and ethical issues
queenp1980
 
4velas
4velas4velas
4velas
aleah
 
EEN - Derecho de Sociedades (i)
EEN - Derecho de Sociedades (i)EEN - Derecho de Sociedades (i)
EEN - Derecho de Sociedades (i)
Andrés Romero
 
Manual Handlinh
Manual HandlinhManual Handlinh
Manual Handlinh
Greg Doyle
 
CRI VP RECOMMENDATION LETTER
CRI VP RECOMMENDATION LETTERCRI VP RECOMMENDATION LETTER
CRI VP RECOMMENDATION LETTER
Marco Ronga
 
Give yourself some credits
Give yourself some creditsGive yourself some credits
Give yourself some credits
Arvin Alpuerto
 
3D AutoCAD Systems update ~ Overall Side 1~ 2010
3D AutoCAD Systems update ~ Overall Side 1~ 20103D AutoCAD Systems update ~ Overall Side 1~ 2010
3D AutoCAD Systems update ~ Overall Side 1~ 2010
Michael J. Wyldbore
 
10secretosabfelicidad
10secretosabfelicidad10secretosabfelicidad
10secretosabfelicidad
aleah
 

Andere mochten auch (20)

Legal and ethical issues
Legal and ethical issuesLegal and ethical issues
Legal and ethical issues
 
Introduction to AV Foundation (CocoaConf, Aug '11)
Introduction to AV Foundation (CocoaConf, Aug '11)Introduction to AV Foundation (CocoaConf, Aug '11)
Introduction to AV Foundation (CocoaConf, Aug '11)
 
Blogs Y Wikis4
Blogs Y Wikis4Blogs Y Wikis4
Blogs Y Wikis4
 
Consejos maternos
Consejos maternosConsejos maternos
Consejos maternos
 
Preinscripciones
PreinscripcionesPreinscripciones
Preinscripciones
 
4velas
4velas4velas
4velas
 
EEN - Derecho de Sociedades (i)
EEN - Derecho de Sociedades (i)EEN - Derecho de Sociedades (i)
EEN - Derecho de Sociedades (i)
 
Doors Web Access
Doors Web AccessDoors Web Access
Doors Web Access
 
Hechos cientificos
Hechos cientificosHechos cientificos
Hechos cientificos
 
Change 5 0
Change 5 0Change 5 0
Change 5 0
 
Manual Handlinh
Manual HandlinhManual Handlinh
Manual Handlinh
 
M. Visinescu - Higher Order First Integrals, Killing Tensors, Killing-Maxwell...
M. Visinescu - Higher Order First Integrals, Killing Tensors, Killing-Maxwell...M. Visinescu - Higher Order First Integrals, Killing Tensors, Killing-Maxwell...
M. Visinescu - Higher Order First Integrals, Killing Tensors, Killing-Maxwell...
 
TOR 1
TOR 1TOR 1
TOR 1
 
CRI VP RECOMMENDATION LETTER
CRI VP RECOMMENDATION LETTERCRI VP RECOMMENDATION LETTER
CRI VP RECOMMENDATION LETTER
 
Nuestras historias. Actividades de los ciclos formativos de APSD y E. Infanti...
Nuestras historias. Actividades de los ciclos formativos de APSD y E. Infanti...Nuestras historias. Actividades de los ciclos formativos de APSD y E. Infanti...
Nuestras historias. Actividades de los ciclos formativos de APSD y E. Infanti...
 
Give yourself some credits
Give yourself some creditsGive yourself some credits
Give yourself some credits
 
document-9
document-9document-9
document-9
 
Audience research
Audience research Audience research
Audience research
 
3D AutoCAD Systems update ~ Overall Side 1~ 2010
3D AutoCAD Systems update ~ Overall Side 1~ 20103D AutoCAD Systems update ~ Overall Side 1~ 2010
3D AutoCAD Systems update ~ Overall Side 1~ 2010
 
10secretosabfelicidad
10secretosabfelicidad10secretosabfelicidad
10secretosabfelicidad
 

Ähnlich wie A Structured Approach to Investing using Toolkit 6

Fy12 talent review toolkit final
Fy12 talent review toolkit   finalFy12 talent review toolkit   final
Fy12 talent review toolkit final
mcmurphy
 
High div presentation geneva - long
High div presentation   geneva - longHigh div presentation   geneva - long
High div presentation geneva - long
Timo Rossi
 
Product backlog stories_acceptancecriteria_size_priority
Product backlog  stories_acceptancecriteria_size_priorityProduct backlog  stories_acceptancecriteria_size_priority
Product backlog stories_acceptancecriteria_size_priority
Russell Pannone
 
Brand tracking --_presentation brown forman_082212
Brand tracking --_presentation brown forman_082212Brand tracking --_presentation brown forman_082212
Brand tracking --_presentation brown forman_082212
chouwinn
 
371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev
371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev
371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev
Arezzori
 
Institutional presentation september 2010
Institutional presentation september 2010Institutional presentation september 2010
Institutional presentation september 2010
Suzano Pulp and Paper
 
Institutional presentation march 2010
Institutional presentation march 2010Institutional presentation march 2010
Institutional presentation march 2010
Suzano Pulp and Paper
 
The Business Case For Open Source
The Business Case For Open SourceThe Business Case For Open Source
The Business Case For Open Source
Oliver Steele
 

Ähnlich wie A Structured Approach to Investing using Toolkit 6 (20)

Expectation for non_finance_xbrl_from_analysts_6
Expectation for non_finance_xbrl_from_analysts_6Expectation for non_finance_xbrl_from_analysts_6
Expectation for non_finance_xbrl_from_analysts_6
 
Fy12 talent review toolkit final
Fy12 talent review toolkit   finalFy12 talent review toolkit   final
Fy12 talent review toolkit final
 
Business Value Driven Portfolio Management
Business Value Driven Portfolio ManagementBusiness Value Driven Portfolio Management
Business Value Driven Portfolio Management
 
AMI Presentation
AMI PresentationAMI Presentation
AMI Presentation
 
7 steps in business planning
7 steps in business planning7 steps in business planning
7 steps in business planning
 
High div presentation geneva - long
High div presentation   geneva - longHigh div presentation   geneva - long
High div presentation geneva - long
 
Lean at Yahoo in 2008
Lean at Yahoo in 2008Lean at Yahoo in 2008
Lean at Yahoo in 2008
 
Google Analytics Standard Presentation - GA Event, San Francisco 2011
Google Analytics Standard Presentation - GA Event, San Francisco 2011Google Analytics Standard Presentation - GA Event, San Francisco 2011
Google Analytics Standard Presentation - GA Event, San Francisco 2011
 
The Secrets to Long Term Investing Success - Session 3
The Secrets to Long Term Investing Success - Session 3The Secrets to Long Term Investing Success - Session 3
The Secrets to Long Term Investing Success - Session 3
 
Product backlog stories_acceptancecriteria_size_priority
Product backlog  stories_acceptancecriteria_size_priorityProduct backlog  stories_acceptancecriteria_size_priority
Product backlog stories_acceptancecriteria_size_priority
 
Brand tracking --_presentation brown forman_082212
Brand tracking --_presentation brown forman_082212Brand tracking --_presentation brown forman_082212
Brand tracking --_presentation brown forman_082212
 
Pardot Elevate 2012 - Best Basic Practices for Drip Nurturing
Pardot Elevate 2012 - Best Basic Practices for Drip NurturingPardot Elevate 2012 - Best Basic Practices for Drip Nurturing
Pardot Elevate 2012 - Best Basic Practices for Drip Nurturing
 
2009 apimec presentation
2009 apimec presentation2009 apimec presentation
2009 apimec presentation
 
371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev
371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev
371 arezzo&co investor_day_-_retail_infrastructure_presentation_vrev
 
Cloud HR: clear flying or congested chaos?
Cloud HR: clear flying or congested chaos?Cloud HR: clear flying or congested chaos?
Cloud HR: clear flying or congested chaos?
 
Institutional presentation september 2010
Institutional presentation september 2010Institutional presentation september 2010
Institutional presentation september 2010
 
Institutional presentation march 2010
Institutional presentation march 2010Institutional presentation march 2010
Institutional presentation march 2010
 
Web Analytics Frieda Lee Slideshare
Web Analytics Frieda Lee SlideshareWeb Analytics Frieda Lee Slideshare
Web Analytics Frieda Lee Slideshare
 
Piloting agile project management
Piloting agile project managementPiloting agile project management
Piloting agile project management
 
The Business Case For Open Source
The Business Case For Open SourceThe Business Case For Open Source
The Business Case For Open Source
 

Mehr von Doug Gerlach

Who's Watching Your Club's Stocks?
Who's Watching Your Club's Stocks?Who's Watching Your Club's Stocks?
Who's Watching Your Club's Stocks?
Doug Gerlach
 

Mehr von Doug Gerlach (7)

How to Analyze a Stock Using Toolkit 6
How to Analyze a Stock Using Toolkit 6How to Analyze a Stock Using Toolkit 6
How to Analyze a Stock Using Toolkit 6
 
Go Offense! Go Defense! Portfolio Management in Toolkit 6
Go Offense! Go Defense! Portfolio Management in Toolkit 6Go Offense! Go Defense! Portfolio Management in Toolkit 6
Go Offense! Go Defense! Portfolio Management in Toolkit 6
 
Best of the 'Net for Investors
Best of the 'Net for InvestorsBest of the 'Net for Investors
Best of the 'Net for Investors
 
Developing Your Investment Club's Investment Policy Statement
Developing Your Investment Club's Investment Policy StatementDeveloping Your Investment Club's Investment Policy Statement
Developing Your Investment Club's Investment Policy Statement
 
Sell Indicators in Toolkit 6
Sell Indicators in Toolkit 6Sell Indicators in Toolkit 6
Sell Indicators in Toolkit 6
 
Who's Watching Your Club's Stocks?
Who's Watching Your Club's Stocks?Who's Watching Your Club's Stocks?
Who's Watching Your Club's Stocks?
 
An Introduction to the Investor Advisory Service (Handout)
An Introduction to the Investor Advisory Service (Handout)An Introduction to the Investor Advisory Service (Handout)
An Introduction to the Investor Advisory Service (Handout)
 

Kürzlich hochgeladen

Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Abortion pills in Kuwait Cytotec pills in Kuwait
 

Kürzlich hochgeladen (20)

TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdfTVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
 
Rice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna ExportsRice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna Exports
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Falcon Invoice Discounting: Tailored Financial Wings
Falcon Invoice Discounting: Tailored Financial WingsFalcon Invoice Discounting: Tailored Financial Wings
Falcon Invoice Discounting: Tailored Financial Wings
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 

A Structured Approach to Investing using Toolkit 6

  • 1. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 A Structured Approach to Analyzing Company Fundamentals with Toolkit 6 Presented by Doug Gerlach President, President, ICLUBcentral gerlach@iclub.com http://www.iclub.com 1 About Our Stock Analysis Software • For investors, not traders investors, • Based on premise that companies that increase EPS will eventually see share prices grow • Uses fundamental, long-term analysis long- • Based on identifying underlying characteristics of growth and quality • Provides framework for structured sell decisions 2 1 by Doug Gerlach, gerlach@iclub.com
  • 2. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Program History • Long legacy of development: – Version 1.0 released in 1991 – Version 6.0 released in 2008 – Version 6.4 released in 2010 3 What’s New in Version 6? • Streamlined toolbar • Smart data updater alerts you when • Mini SSG graphs pop up in library & new data is available Comparison header • Preference to use beginning year, ending year, or average equity in ROE • Additional graphing: free cash flow, • Display & print “preferred procedure” book value, net income, debt, shares on SSG graph outstanding, dividends • Display Quality & Sector in SSG header • Plot future FY EPS & Sales estimates on • EPS & Sales growth R2 displayed on graph Page 1 • “Default Judgment” applies conservative • Integrated web links never out of date values to all judgment items • Read community messages about your • 25/50/25 zoning now default stock on StockCentral message boards • Display debt/equity trend in Section 2 • Section 3 “Additional Items” better • Use 10-year P/E Ratios by default 10- organized • Additional Low Price Options • Implied growth rate displayed on EPS 4 Growth judgment window 2 by Doug Gerlach, gerlach@iclub.com
  • 3. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 New for StockCentral Subscribers • “First Impression” screen when you load a new company • Complete Roster displayed as portfolio, automatically downloaded each week into program • Upload completed studies to StockCentral for peer review • Take Stock EPS growth rate estimate displayed on EPS Growth Judgment window • Take Stock Quality Rating displayed in SSG page header 5 3-Step Approach to Analysis 1. Assess Company Growth – Strength & consistency of past EPS growth – Determine likely future EPS growth 2. Review Company Quality – Stability of margins, ROE, debt 3. Determine Valuation 6 3 by Doug Gerlach, gerlach@iclub.com
  • 4. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 1. Assess Growth • Focus on operating earnings (eliminate non- non- recurring events). • Is historical growth of EPS & Sales consistent? – Review R2 at bottom of Stock Study. • Is historical growth strong enough for size of company? 7 Project Future EPS • What is likely future EPS growth for company? • Incorporate external information with your own judgment: – Long- Long-term analyst estimates – Near- Near-term analyst estimates – Implied (sustainable) growth rate – Company guidance – Other research 8 4 by Doug Gerlach, gerlach@iclub.com
  • 5. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Refine Your EPS Estimate • Construct Revenue-Based EPS Model Revenue- (streamlined analyst technique). 9 2. Review Company Quality • Review Trend and Average of: – Pre-Tax Profit Margins Pre- – Return on Equity – Debt to Equity • Compare to Industry Averages & Peers. 10 5 by Doug Gerlach, gerlach@iclub.com
  • 6. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 3. Determine Valuation • Review Historical P/E Ratios & Yield. • Determine likely ranges of P/E Ratios in future, given assumed company growth rate. 11 Analyze Reward & Risk • Not enough to buy a good company, must buy at right price. • Is there enough reward compared to risk if purchased at current price? 12 6 by Doug Gerlach, gerlach@iclub.com
  • 7. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Total Return Analysis • Does Projected Total Return (from dividends, price appreciation, P/E expansion) meet your objectives? 13 Library & Portfolio • Save stock studies to library • Export stock study in *.SSG format to share with other users • Create & manage multiple portfolios • Create & manage multiple libraries 14 7 by Doug Gerlach, gerlach@iclub.com
  • 8. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Manage Your Portfolios • Portfolio Report Card provides: – Overview of fundamentals of current holdings. – Access to deeper evaluation. – Eliminates need for old-fashioned & old- complicated paper forms. 15 Portfolio Overview • Metrics on state of holdings. • Overview of key metrics for each stock. 16 8 by Doug Gerlach, gerlach@iclub.com
  • 9. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Portfolio Alerts • Knowing when to sell: – Defense: Get early warning signals if Defense: conditions change for the worse. – Offense: Sell holdings with limited upside Offense: potential. 17 Challenge Existing Holdings • Don’t merely sell – replace holdings with prospects that offer higher quality/better returns. • Consistently strive to upgrade your portfolio. 18 9 by Doug Gerlach, gerlach@iclub.com
  • 10. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Portfolio Reports • Provide more information. • Are current holdings indicated as potential buys? • Are fundamentals deteriorating? 19 Additional Features • Quarterly trend analysis. • Graph additional items. • Compare stocks. 20 10 by Doug Gerlach, gerlach@iclub.com
  • 11. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Data Sources • Can enter historical data by hand. • Or subscribe to data feed: – BetterInvesting/S&P – StockCentral.com/Morningstar – AAII/Reuters (CD-ROM only) (CD- – Value Line (CD-ROM only) (CD- 21 For More Information • Download a free 30-day demo at 30- http://www.iclub.com/tk6/ • Call 1-877-33-ICLUB 1-877-33- • Buy at today’s event and save off full retail price! 22 11 by Doug Gerlach, gerlach@iclub.com
  • 12. An Introduction to Toolkit 6 Doug Gerlach - A Structured Approach to Stock Analysis October 2009 Learn why Toolkit is the world’s most popular software for fundamental analysis of stocks! 23 12 by Doug Gerlach, gerlach@iclub.com