Same here @Christopher Collins I would use cash
on cash return as well as dollar income per unit to evaluate whether to pursue a deal or not.
Back in the mid 1990s, many academics and analysts highlighted the superiority of cash
on cash returns as drivers of valuation.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect
on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact
on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact
on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16)
returns on pension plan assets and the impact of future discount rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence
on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our
cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In a note, analyst Michael Senno wrote that «
as an owner of sports cable networks and teams, we believe that MSG is well positioned to capitalize
on the increasing value of premium sports content, which should result in AOCF and free
cash flow growth above its peers and, combined with incremental leverage, lead to solid shareholder
returns.»
But Exxon pays half its annual bonus in
cash immediately and in its proxy, it cited one - and five - year
return on average capital, current - year and five - year average earnings, and current - year
as well
as the ten - year average annual shareholder
returns as part of the justification for its pay.
Suncor said that while the discount Canadian producers face nearly doubled in the first quarter compared with last year's quarter, it had no impact
on the company's earnings or
cash flow,
as low crude prices were offset by better midstream and downstream
returns.
They'll extract metals such
as iron, nickel, cobalt, and platinum and either process these in place or
return them to Earth to
cash in
on their considerable value.
My
returns are based
on full
cash purchase of the properties,
as it is hard to compare the attractiveness of properties at different price ranges when only calculating down payment or properties that need very little rehab / updates.
As much as $ 600,000 in cash fell out of a truck on the highway — and police are asking people who took the money to return it or be charged with the
As much
as $ 600,000 in cash fell out of a truck on the highway — and police are asking people who took the money to return it or be charged with the
as $ 600,000 in
cash fell out of a truck
on the highway — and police are asking people who took the money to
return it or be charged with theft
CBO's measure of before - tax comprehensive income includes all
cash income (including non-taxable income not reported
on tax
returns, such
as child support), taxes paid by businesses, [15] employees» contributions to 401 (k) retirement plans, and the estimated value of in - kind income received from various sources (such
as food stamps, Medicare and Medicaid, and employer - paid health insurance premiums).
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify
as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins,
return on equity or stockholder equity, total shareholder
return, market capitalization, enterprise value,
cash flow (including but not limited to operating
cash flow and free
cash flow),
cash position,
return on assets or net assets,
return on capital,
return on invested
Although the long - term
returns on real estate are less than common stocks
as a class (because an apartment building can't keep expanding), real estate can throw off large amounts of
cash relative to your investment.
However,
as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing
return on equity and weak operating
cash flow.»
Cash Flow Return on Invested Capital (CFROIC) is defined as consolidated cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilit
Cash Flow
Return on Invested Capital (CFROIC) is defined
as consolidated
cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilit
cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilities.
Screening for high
cash flow
returns on invested capital,
as you can see, helps give us a competitive advantage and uncovers hidden gems such
as Northern Star and others.
So Absolute
Return is used the way most of us would use bonds or
cash — and Swensen has his own position
on why bonds are quite risky investments...
As for retail investors, AQR have funds like QSPIX which (so far) seem to fit Yale's criteria as well as anythi
As for retail investors, AQR have funds like QSPIX which (so far) seem to fit Yale's criteria
as well as anythi
as well
as anythi
as anything
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions,
cash flow,
cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating
cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit,
return on assets,
return on capital,
return on equity,
return on investment,
return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder
return, working capital, and individual objectives such
as MBOs, peer reviews, or other subjective or objective criteria.
After they've maximized the rewards and spending limits
on their special category cards, then these users can
return to the Capital One ® Quicksilver ®
Cash Rewards Credit Card
as the base credit card for 1.5 % rewards.
They ignore profitability metrics such
as cash flow
return on invested capital (CFROIC) and revenue per employee.
What's more important is the projected
return typically shown
as a «
cash on cash» annualized percentage.
Additionally, except
as noted below in certain circumstances, we do not provide
cash or equity incentives tied to performance criteria, which could cause employees to focus solely
on short - term
returns at the expense of long - term growth and innovation.
As our model forecasts, despite more than 30 % growth in R&D annually through FY 2017 to $ 13.5 billion (up from $ 1.8 billion in FY 2010) and your updated capital
return program, Apple's net
cash position (currently the largest of any company in history) will continue to build
on the balance sheet.
The company's strengths can be seen in multiple areas, such
as its notable
return on equity, attractive valuation levels, expanding profit margins, good
cash flow from operations and increase in stock price during the past year.
When times are good, sales ticking higher, margins expanding and
cash flows strong, only the advantages of leverage are visible - higher
returns on equity, faster growth rates and an enhanced benefit to stock holders
as debt is repaid.
With treasury yields well below 2 %, the stock market exhibiting renewed volatility, and
returns on cash non-existent, investors are also turning to alternatives such
as real estate, exchange traded funds, and energy commodities.
As I write this, my crypto portfolio has grown to over $ 52,000, and represents a 110 %
return on my own invested
cash.
As Figure 1 shows, the 30 companies with the most
cash stashed overseas earn a much higher
return on invested capital (ROIC) than the rest of the S&P 500.
In part this increase was due to an increase in the
cash rate in light of inflationary pressures building
on the back of the boom in the resource sector,
as well
as reflecting the increasing
return to capital in Australia at that time; thereafter, interest rates declined sharply in response to the global financial crisis.
As a result of the likely move into negative real
returns on cash, more
cash savers will move into UK government bonds (gilts), more gilt owners will swap them for corporate bonds, some more will move into equities, and a sliver of risk - takers will use cheaper financing to start businesses or take out loans to build property.
Rio, which delivered almost $ 10 - billion of
cash returns to shareholders in 2017, could improve
on that
as cash builds.
Instead, they've run their finances conservatively enough that they can sit
on depressed valuations for years at a time, knowing that they are still earning a good rate of
return when measured
as the
cash flow that belongs to them relative to the price they paid for their ownership stake.
Stronger iPhone prices and hints by Apple Inc
on Thursday that it could
return more than half of its $ 285 billion in
cash to shareholders eased concerns among investors, even
as the world's biggest technology company gave a disappointing revenue outlook for the current quarter.
Return of Capital
On October 14, 2014, the company's Board of Directors authorized a cash dividend program under which it intends to pay a regular quarterly dividend, and declared a quarterly dividend of $ 0.25 per share payable on November 12, 2014 to shareholders of record as of October 28, 201
On October 14, 2014, the company's Board of Directors authorized a
cash dividend program under which it intends to pay a regular quarterly dividend, and declared a quarterly dividend of $ 0.25 per share payable
on November 12, 2014 to shareholders of record as of October 28, 201
on November 12, 2014 to shareholders of record
as of October 28, 2014.
Our appraisal of what any company is worth is based
on quantitative factors like its growth rate and
returns on incremental capital
as well
as on qualitative factors like its management quality and stability of
cash flows.
While some defend the buyback practice
as a method of
returning cash to shareholders, others, including my colleague Larry Fink, have argued that some companies today are focusing
on maximizing short - term shareholder value at the expense of investing in the future.
Back in the mid-90's, ROIC - based models such
as Economic Value Added (EVA) and
Cash Flow
Return On Investment (CFROI) were all the rage, with corporate giants such
as Coca - Cola (KO), AT&T (T), and Procter & Gamble (PG) linking them to executive compensation and highlighting them in communications with shareholders.
Jeanne would thus have an ongoing source of
cash to live
on in her last years, and the lawyer would get an apartment cheaply, with no money down, in
return for accepting the uncertainty
as to when he would take possession.
Actually,
as long
as a company with a 5 %
return on equity isn't going to plow any of its
cash flow back into the business - it could be a good investment at the right price.
However, we have no problem with stocks that make a profit but plow back in everything they make and then some (negative free
cash flow),
as long
as they are generating sufficient
returns on capital.
This is why we use a
return on invested capital model
as opposed to a pure free
cash flow model.
While many people believe that growth in the years ahead will be lower than it has been in the past, we can also observe that
cash per dollar of earnings has increased over the years for S&P 500 companies
as returns on capital have increased, while the cost of capital has fallen with lower interest rates.
We use the 3 - month U.S. Treasury bill (T - bill) yield
as the
return on cash.
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as Toffees consider
cashing in
on # 28m forward
It may come
as news to you that fixed odds lotto bets can in many cases give you a bigger
return on investment than by playing the lottery game itself and are the perfect way to
cash in
on your favourite or lucky numbers.
The Electoral Commission found that by registering these donations
as cash Grimes had misreported
on his
return «due to lack of understanding».
Experience the best of additional services, such
as Cash on Delivery, Free Shipping, 30 Days
Return Policy, with Myntra.
They also offer
cash on delivery option
as well
as easy
returns and refunds in case you are not satisfied with the product you bought.
Released
on Valentine's Day,
as are the sequels, it's the perfect spot for a film like this, especially if they are in the mood for some
cash returns.
Aeroplan Miles, Aventura Points,
cash back, Tim Cash and Petro - Points are earned on card purchases less returns, and not on cash advances, interest, fees, balance transfers, payments, regular CIBC Convenience Cheques, Aeroplan Mile and Aventura Point redemptions (as applicab
cash back, Tim
Cash and Petro - Points are earned on card purchases less returns, and not on cash advances, interest, fees, balance transfers, payments, regular CIBC Convenience Cheques, Aeroplan Mile and Aventura Point redemptions (as applicab
Cash and Petro - Points are earned
on card purchases less
returns, and not
on cash advances, interest, fees, balance transfers, payments, regular CIBC Convenience Cheques, Aeroplan Mile and Aventura Point redemptions (as applicab
cash advances, interest, fees, balance transfers, payments, regular CIBC Convenience Cheques, Aeroplan Mile and Aventura Point redemptions (
as applicable).
One way to look at paying off debt is
as an investment and
return on cash flow.