The Hidden Driver of Business Quality! Why Working Capital Separates Strong Companies from Fragile Ones. Introduction Revenue growth excites investors. Margin expansion gets headlines. Earnings per share drives valuations. But cash flow is what keeps a business alive.Many companies that look profita...
Understanding ROCE, ROIC and ROE Through an Investor’s Lens! How to interpret return ratios and what truly drives them beneath the surface Return ratios sit at the heart of serious equity research. While revenue growth attracts attention and earnings per share grabs headlines, seasoned investors foc...
A Practical Guide to Using Valuation Multiples! In this blog we’ll understand when and how to use valuation multiples across different businesses and industries. Introduction Multiples based valuation is one of the most widely used methods for valuing companies in equity markets. Instead of estimati...
Porter’s Five Forces: Practical Framework to Understand Competitive Advantages! How to analyse industry power, company moat using Porter’s Five Forces and find evidence of it in the financial statements. Introduction Michael Porter’s Five Forces is one of the most powerful tools for understanding wh...
How to Generate Stock-Picking Ideas? Most investors struggle not with analysing stocks, but with finding them in the first place. Screens, tips, and social media feeds flood us with names, yet very few turn into durable ideas. Peter Lynch, one of the most successful fund managers in history, approac...