The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market

None
The Acquirer s Multiple How the Billionaire Contrarians of Deep Value Beat the Market None

  • Title: The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market
  • Author: Tobias E. Carlisle
  • ISBN: 9780692928851
  • Page: 375
  • Format: Paperback
  • Login Stock Screener The Acquirer s Multiple For access to All Investable, Small and Micro Cap, and Canada All TSX screeners, the Stock Forum, analysis and commentary on positions in the screens, discussions on investment and activist strategies, and , subscribe to The Acquirer s Multiple All Four Screens. The Acquirer s Multiple How the Billionaire Contrarians The Acquirer s Multiple How the Billionaire Contrarians of Deep Value Beat the Market is an easy to read account of deep value investing The book shows how investors Warren Buffett, Carl Icahn, David Einhorn and Dan Loeb got started and how they do it. Acquirer s Multiple the Quest for Value An explanation of the Acquirer s Multiple by Tobias Carlisle A look at market cycles and valuations with the acquirers multiple in context Understanding EBITDA yield and cheap stocks To get this kind of information and other exclusive Acquirer s Multiple acquirersx Twitter The latest Tweets from Acquirer s Multiple acquirersx Official Twitter account for The Acquirer s Multiple Tweeting weekly performance The Acquirer s Multiple Home Facebook One of our favorite value investors here at The Acquirer s Multiple is Li Lu He is the founder and Chairman of Himalaya Capital Management and was one of the student leaders of the Tiananmen Square student protests. Lesson The Acquirer s Multiple csinvesting John, These materials are very interesting Another thing that I ve found helpful is Table . on page of Penman s Financial Statement Analysis and Security Valuation th ed. Is The Acquirer s Multiple The Next Magic Formula Not only did the Acquirer s Multiple beat out the Magic Formula it trounced the overall market See the figures here As the names implies, The Acquirer s Multiple is the valuation ratio financial acquirers use to find attractive takeover candidates. Acquirer s Multiple, Based on Deep Value This algorithm seeks to replicate the strategy set forth in Tobias Carlisle s Deep Value See his Google Talk for a great summary of the strategy In Deep Value and in his first book, Quantitative Value , Tobias demonstrates that the Enterprise Multiple or Acquirer s Multiple, defined as Enterprise Value EBIT outperforms all other value ratios. Finding Deep Value Stocks with the Acquirer s Multiple Enter the Acquirer s Multiple Carlisle first starts out by asking, how much would a private buyer pay for a company This is the enterprise value of the firm To determine the enterprise value, he takes the market cap of the stock, adds back in preferred equity, minority interest and debt Debt would need to be paid back by a buyer in any Thinking of a takeover How about The Acquirer s Multiple The Acquirer s Multiple Background Many people have heard of the infamous Magic Formula documented by Joel Greenblatt in his book The Little Book That Beats the Market which is a direct quantitative value investment model in ranking stocks by price and ROIC In a similar nature, The Acquirer s Multiple founded by Tobias Carlisle is a valuation technique, The Acquirer s Multiple s Articles Seeking Alpha The Acquirer s Multiple is the valuation ratio used to find attractive takeover candidates It examines several financial statement items that other multiples like the price to earnings ratio do not, including debt, preferred stock, and minority interests and How to Pocket Exceptional Returns with Minimal Effort How To Use The Acquirer s Multiple to Manage a Concentrated Portfolio Using The Acquirer s Multiple screener, you can either select the top or carry out qualitative analysis on stocks that appear on the top of the screener and fish out suitable stocks. Barel Karsan Value Investing The Acquirer s Multiple The Acquirer s Multiple felt like a summary of Deep Value at times I preferred the depth provided by Deep Value, but because this is a newer book, the charts are newer updated and take you all the way to . The Acquirer s Multiple the Quest for Value Dec , In Deep Value the EBIT enterprise multiple also called the acquirers multiple is the one as used by Joel Greenblatt Another version is the EBITDA enterprise multiple from Loughran and Wellman s studies.

    The Acquirer s Multiple How the Billionaire Contrarians The Acquirer s Multiple How the Billionaire Contrarians of Deep Value Beat the Market is an easy to read account of deep value investing The book shows how investors Warren Buffett, Carl Icahn, David Einhorn and Dan Loeb got started and how they do it. Dr Wealth How To Invest For Real Profits As derived from strategies used byWarren Buffett, Benjamin Graham, Philip Fisher, Jesse Liver, and . Factor Based Investing allows retail investors like you to pick profitable stocks. DCF Terminal Multiple Method MA Model We will now perform the DCF valuation using the terminal EBITDA multiple method and calculate the implied perpetuity growth rate To make our model useful, we will perform these calculations for a range of terminal EBITDA multiples and WACC values. Terminal Value Macabacus The terminal value TV captures the value of a business beyond the projection period in a DCF analysis, and is the present value of all subsequent cash flows. Work Samples Financial Business Models Work Samples Financial Business Models Business Model Bank Top down financial model of Business Unit level performance of a commercial bank with major lines of business, based on a handful of global assumptions Mergers and Acquisitions MA Investopedia Mergers and acquisitions MA is a general term that refers to the consolidation of companies or assets through various types of financial transactions.

    Dr Wealth How To Invest For Real Profits As derived from strategies used byWarren Buffett, Benjamin Graham, Philip Fisher, Jesse Liver, and . Factor Based Investing allows retail investors like you to pick profitable stocks. DCF Terminal Multiple Method MA Model We will now perform the DCF valuation using the terminal EBITDA multiple method and calculate the implied perpetuity growth rate To make our model useful, we will perform these calculations for a range of terminal EBITDA multiples and WACC values. Terminal Value Macabacus The terminal value TV captures the value of a business beyond the projection period in a DCF analysis, and is the present value of all subsequent cash flows. Work Samples Financial Business Models Work Samples Financial Business Models Business Model Bank Top down financial model of Business Unit level performance of a commercial bank with major lines of business, based on a handful of global assumptions Mergers and Acquisitions MA Investopedia Mergers and acquisitions MA is a general term that refers to the consolidation of companies or assets through various types of financial transactions.

    DCF Terminal Multiple Method MA Model We will now perform the DCF valuation using the terminal EBITDA multiple method and calculate the implied perpetuity growth rate To make our model useful, we will perform these calculations for a range of terminal EBITDA multiples and WACC values. Terminal Value Macabacus The terminal value TV captures the value of a business beyond the projection period in a DCF analysis, and is the present value of all subsequent cash flows. Work Samples Financial Business Models Work Samples Financial Business Models Business Model Bank Top down financial model of Business Unit level performance of a commercial bank with Mergers and Acquisitions MA Investopedia Mergers and acquisitions MA is a general term that refers to the consolidation of companies or assets through various types of financial transactions.

    1 thought on “The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market”

    1. Well written, readable, Tobias is a great financial writer. My rating suffers from reading this close on the heels of his 5-star (imo) Deep Value, of which most of the source material is derived. This is a great book as a lead in to Deep Value if finance isnt your first languager that audience, I would rate it 4stars or better.

    2. Another excellent book by Tobias Carlisle on the importance of value investing and high returning businesses. Simple, quick read with some of the core concepts from his brilliant ‘Deep Value’ book. (Kindle).

    3. I really enjoyed this book. It's a quick, breezy read but its brevity belies the wisdom it contains. Mr. Carlisle discusses a simple approach to public equity investing that historically has led to outperforming market benchmarks. My favorite portion of the book discusses when investor Joel Greenblatt performed a real time behavioral analysis by allowing investors to pick between a pure quantitative strategy, and one that allowed them to trade in and out of positions based on their own fundament [...]

    4. This is a quick but informative read on finding value priced stocks. The author exclaims his system and methodology for selecting the best priced stocks for price appreciation in the long term. It is NOT a get rich quick stock trading scheme. The advice seems solid with testing provided to support his opinions. The last quarter of the book is an advertisement for his stock screen subscription service. Regardless, if you are looking for a system to determine undervalued stocks and/or a layperson [...]

    5. Concise and Clear. How to apply concepts is spelled out clearly. Data to back up claims although as we all know: past performance does not guarantee future results. Uses examples from investing greats like Buffett and Icahn to illustrate efficacy.I will give these ideas a try (with patience, of course)This book might be better rated in 20-30 years when my "$10,000 has compounded north of 16% per annum" as the writing purports these concepts deliver.

    Leave a Reply

    Your email address will not be published. Required fields are marked *