Case Study Part 28 – Owners Earnings Part 3 – First Part Of The Calculation

This series is an ongoing live case study series.

To see the earlier posts in this series, focused so far on Filipino companies, go here.

To learn how I find and select these companies, go here.

To watch Part 1 of us going through the financial statements of ASXFY, go here.

And to watch the prior videos on ASXFY including the recap of our ASXFY case study up to this point, go here.

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So far in this series, you’ve learned how I find and then select companies at the preliminary stage of analysis.

I then detailed why I selected only 3 of the 44 Filipino companies to put on my watch list.

Detailed each of these 3 companies.

We then recapped the entire series which is linked above.

And then we got to our first Australian company, ASXFY – these posts are linked above.

In that post, I told you why the company looked great on a preliminary basis – not only that but that it looks to be about fairly valued now on a relative basis.

Which frankly was shocking to me, considering this company has insanely high margins and cash flow production.

Oh, and because world stock markets are still at, or near all-time high valuations.

And also because of this last point, I haven’t found a new potential investment in 3.5 years.

Today, I show you the first part of this calculation.

Owners Earnings – First Part Of The Calculation

So next up is Owner’s Earnings…

An incredibly complex subject that I’ll explain over the coming weeks, so you can calculate this important number yourself.

At the end of this, we’ll culminate this case study series on Owner’s Earnings by doing another FREE Live Evaluation and Training Webinar.

In this webinar, I’ll show you step by step how to calculate owner’s earnings, tell you what it means, and show you how to use it yourself.

As of now, this date is still to be determined but it will happen sometime in early December.

I’ll keep you updated on this until then.

In the meantime, you can get the previous free valuation webinar below.

Here are some of the things you’ll learn on that webinar replay.

•  23 Different valuations in total including:
  •  Relative Valuations – How to do them and what they mean
  •  Intrinsic Valuations – How to do them and what they mean
  •  Profitability Metrics – How to calculate them and what they mean and how they are different from each other
  •  Enterprise Value Calculation
  •  Total Enterprise Value Calculation
•  You’ll get answers to questions the live viewers had
•  And more…

PLUS, you’ll learn in 1 hour and 44 minutes on this webinar what took me literally years to learn on my own.

And I’m offering you the chance to get this training for FREE if you missed the live training last week.

All you have to do to gain access to this training video is go here, input your first name and email address, click the button to submit the form, and then you’ll get access to the video.

That’s it.

Take advantage of this to literally cut years of time and frustration off your value investment education.

And by doing this you’ll have access to this video anytime you want to view it.

Go here to get this training video for free and have access for life.

Also, by signing up for this video, you also learn my final investment recommendation for this company.

I tell you whether I’ve decided to buy ASXFY, or not, after 200+ hours of research into it.

I hope you enjoy and learn a ton from this free training.

Jason

P.S.  If you want the Owner’s Earnings Calculation template and the full 25-page doc mentioned in the video – plus 4 other free gifts that will help you become a better value investor faster – you can get those for free here.

P.P.S. After several delays due to holidays, family deaths, moving, selling and buying homes, and more, the sign up for the Free Owners Earnings Webinar should be live next week this time. With the actual live webinar happening the week after.