How to Find the Intrinsic Value of a Stock!
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- Опубліковано 16 чер 2024
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★★Analysis Spreadsheet (It's FREE)★★
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How to Calculate the Buy Price of a Stock in 2019! // In this one I explain exactly how you can calculate the fair value or intrinsic value of a stock on the stock market, using the method taught by Phil Town, and used by some of the most successful investors in the world.
I have personally used this stock market strategy to achieve above market average returns over multiple years and I created a free stock analysis spreadsheet that helps beginners easily calculate the buy price of stocks without dealing with difficult mathematics, making it easy to know when to buy a stock.
Below I have linked all the resources discussed in the video:
1. Understanding the Business
Circle of Competence: bit.ly/2DCZFi4
2. Economic Moat
Stock Analysis Videos: bit.ly/2Tyyn1W
3. Management
YSP Ep. 9 Management Integrity: bit.ly/2BodBuP
Young Investors Podcast Ep. 12: bit.ly/2Qisg3i
4. Margin of Safety
YSP Ep. 10 Margin of Safety: bit.ly/2zoDU2H
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Disclaimer: The information & opinions in these videos are strictly for educational & entertainment purposes ONLY. None of the opinions discussed should be taken as financial advice as I am NOT a financial advisor. Please do your own research & consult a financial advisor.
Hey! Ive been reading and doing alot of research on investing in stocks the last 2 years. Your video (and I’m only half way thru) made a bigger impact on my learning than any of those books, podcasts, audio books. Your video and the way you are explaining your process made me able to connect my dots. Now that’s value ! Thank you so much! You are a true inspiration and aspiration on how to share, educate and lead.
Thanks so much! Glad the videos are proving helpful. If you need further help please send me an email and I will be happy to help: hamish@hamishhodder.com
Got 0% knowledge on Stock market and have just started to educate myself on how it works. Great content. T'was a big help. More power Hamish!
A+++ from this retired educator! Easy to understand and follow, breaking down components of each subject, and plenty of examples. For those of you who are newbies and overwhelmed, REPETITION is the mother of all learning. Thank you for the freebies, Hammish--sending you massive energy for wealth and success!
This is absolutely fantastic! You're bang on with this Hamish!! Great work!
You make everything sound so simple and understandable man! Thank you! Keep up the good work!
I appreciate this. I've been investing for about 3 years, and this is really good and informative video.
Thank you so much for sharing this useful data! Greatly appreciated!
I've been looking for videos like this for so long. Thank you so so much
Great content Hamish, thanks for the free education😀
I'm following the channel and using the spreadsheet. Great work Hamish. All these numbers are starting to make sense.
so great to hear Eli!
Excellent video. Thank you for making it available.
Hamish, I have no idea how I stumbled on your video but it brilliant. You explain things really well. Thank you.
Thanks for watching James!
This video is awesome, I can’t thank you enough. God bless you Hamish.
Thank you for posting this video. Deep value here that creates a good base for continued learning. I appreciate you!!
This is great!! Keep on doing great videos
You have a such a beautiful flow of words.. keep at it ma man.. & thank you
Excellent content! I will be watching your future videos!
Great concise video with valuable content. Subbed!
Awesome video Hamish! Your channel got recommended to me and I just subbed 😄 great content
Welcome to the team!
Thank you, you explained that extremely well
I'm been investing for an year now and learn most of the days how is that I missed your videos
Thanks for your video Hamish
Thanks indeed. Appreciate!.
Thanks for sharing awesome information. Great Explanations. Appreciations for your work.
Thanks Mister,
Made me realized lot of things to consider but at least i learn a lot from this video.
Your video is much more valuable than all investing videos i previously watched
Thank you!
Thanks for a very informative video. I've been investing for a few years and wrestling with determining what a good buying price is. Your formulas will sure be a great help. Thanks again ! Subscribed and going to watch your other videos soon.
Quality video Hamish!
Thanks Tristan!
Great video Hamish
Amazing video! Thanks Hamish. You provide a lot of value to us. This video is not just for 2019, but forever and ever...
Hi Hamish, thank you for the informative video, I have a question, should I add the dividend yield to the EPS or remove it from the rate of return as you mentioned, would they give different results?
Good Job Hamish. So many people buy into stocks on an emotional basis instead of taking the time to actually calculate and analyze a strategic entry point. Keep it up!
Absolutely! Thanks for watching.
hey Hamish, this video is gold. Thanks for sharing.
Hi, the detailed explanation of calculating the buy price of a stock is very useful for the people who are investing in stock market.
Thank you so much Hamish...
The way you describe in this vid is so clear. That has made me more confident to invest in value stock .thank you😻
have you been able to use the knowledge in this video successfully or unsuccessfully?
Fun
This video is simplification Phil Town Rule #1 Investing and The intelligent Investor. Thank you so much.
Hello Hamish, thanks for your very clear videos. They are very useful! I have one question with your video. In your example you use a $8 dollar EPS (ttm), but lately i has gone to $4,36 (ttm) for THOR. Was using the $8 dollar a bit optimistic? Should we better take an average over several years just like the PE ratio?
Great video, keep it up😊👍🏼
love this video!!
Thanks Dennis!
Excellent talk
Thanks and good effort
Hi Hamish, enjoy your videos immensely….. very informative!!! Just a question, what is the best free stock screener ???
Well done mate! Youre killing it
FANTASTIC WORK. tHANK YOU VERY MUCH
Hi Hamish
Thanks for sharing this useful info
Could you pls let me know as to why did not you use DCF approach??
Hi Hamish, thanks for the informative video. In this video, the formula seems to be similar to Phil Town’s and doesnt appear like the Discounted future cash flow. Is that right? Which one is your preference? Thanks
Good work! I have been watching your video and series improved over time. Great to have investors like you teaching on UA-cam.
Great video. Can you include the link to the spreadsheet also. Thanks.
Hi, thanks for your video! I'm having a little trouble using your spread sheet. I'm forwarning you that I'm a complete begininner so this might not be a difficult question. But, when I input the eps, stock price, and required rate of return, nothing happens in the manual buyzone calculator box. What do you think? I really want to be able to value a stock and make an intelligent decision if its worth buying.
Superb. Thank you. Your explanation of intrinsic value calculation is very good. Will implement it. Thank you for sharing the excel file also. With your permission can I use it in my youyube channel.
simply excellent and probably one of a kind on this type of complex topic which you made so simple. thank you. do you have any video on setting up of technical analysis / chartings etc for better entry and exit signal of stocks?
Hi Hamish,
You are doing great on your detailed videos!
I have a question regarding the spreadsheet: Do you manually key in all the stock details or do you have an automated way to input the values in the data input tab?
I just copy and paste them directly from quickfs.net most of the time
Which calculation for the value of intrinsic value is most accurate: 1) DCF(earnings based), 2) DCF (FCF based), 3) projected FCF. Thank you.
really like this spreadsheet and great explanation. Wonder how would you go about valuing companies with negative PE ie most growth companies
If you are a value investor, you stay away from these companies. We are making low risk high reward bets. Negative p/e in the last 10 years in the history of the company immediately rules out that company as an investment for us. That’s only one of the several filters. Actually that’s the easiest and quickest filters. The other filters look at ROIC, which has to be above 20% for the last 10 years and it has to grow or stay flat. Debt is also a filter for us.
The video you just watched is also about a filter. That’s a complicated filter, but nonetheless it’s a filter which tells that we skip a company if it’s price is equal or larger than it’s intrinsic value.
We strive to buy as few companies as possible. We always try to discourage ourself from buying particular company. We try to buy as few companies as possible in our lifetime. Warren Buffett said we should buy 20 companies for our whole life.
We always focus on the downside. When you have exhausted all of your filtering tools in your toolbox, you try to develop a story of how this company may fail in the future. You find all the short sellers, compile their comments into a singe story and then validate it’s sanity. If this story doesn’t look insane, then it might as well happen in the real world. That would mean you should skip that company, despite the fact it passed all the numerical filters.
Great presentation
Thanks!
Wow loved your video
I am currently studying masters of finance but want to study trading as well and your videos are just what I need. I am going to binge watch all of them.
Excellent.
Excellent video. Will email you as I need the link also.
Hi Hamish, I just want to ask. I only have the P/E Ratio data for the past 5 years. Can I still put 10 years as my time frame? Or is it better to have it at 5 as well? Thanks! Great video!
Hamish great video. Where can I download the spreadsheet?
Great video thx. In my opinion you should reduce the required rate of return on your example by 3% because the dividend payout ration is round 50%.
Hamish, thanks for being so forthcoming. Each time someone shares their understandings, as you have, we all take steps forward. MUCH APPRECIATED. Okay, I have a question/request. I'm interested in Prem Watsa's (Canadian Guru Investor that Phil Town speaks about) recent purchase of the Bank of Nova Scotia -- ticker BNS.TO. I've tried to evaluate it but am stumbling because of the reams of confusing financials connected to this institution's year end reports (and quarterlies, for that matter). I recognize that I should push this one aside into a "too hard" pile, however, I still want to understand how to evaluate banks. Can you help? Many thanks for your clarity and attention to detail.
Nice video 👍
Love your videos! Greetings from Japan...
Hi Peter,
My name is Tin Nguyen , I saw you comment on this video. I love Japanese culture and it awesomeness, would love to connect with you to share and gain knowledge in investment. Would you like to connect? My email global3xchange@gmail.com
Thank you
Thank you
Hey Hamish, great video, I have two questions, is this formula work for financial companies? Also, what would be the best intrinsic value method, DCF this method and other methods? Thanks
Thaanks.
Superb
Great video! Where to find equity chart or how can we find the equity?
Great job as usually!! You'll have a bright future young man!! :)
Thanks Tiago!
hi, first of all really thanks for your free spreadsheet. However, i met some issues that what component would u consider as maintenance of capital expenditure. PPE, Intangibles and?? ( i am using 2020 version 3.0)
Hi, a very detailed explanation for laymen, mind I know what is your rationale to multiply the PE ratio (at 6:24) to obtain the future price, is that something have to do with the Peter Lynch chart method which earning somehow have some correlation with the market price?
excellent video for an investor like us.......by the way, spreadsheet link is not working...help me
How would you suggest we find Sales, EPS, equity and FCF without using quickfs? specifically for nzx and asx? thanks for great video
Also we can read Ben Graham's 'Intelligent Investor' book from the 1940's which covers all of these points in more detail.
you are the GOAT good sir
Great video I was trying to use this worksheet for a negative EPS but was having some difficulties but this PRTY stock has a -5.57 EPS with a current stock price of .6611. There is lots of talk for a push up on value but we don’t know. It’s risky since chapter 11 is in sight but not chapter 7 yet so there is a chance of recovery
Ok, subscribed. It is obvious that you enjoy what you do. I like it. You may be the next Peter Lynch or Warren Buffet.
this video deserves infinite likes. thank you.
you are a legend ✌🏻 thanks for watching
@@HamishHodder Can you send me the spreadsheet to my email @ t.hai46@yahoo.com? Also what do you think of sites like Simply wall st. They also have an analysis on thor industries and are also stating that it is undervalued same as yours.
Liking the spreadsheet. I am having trouble though when the EPS or FCF is negative and is not imputing the data. How can I fix that?
Awesome video mate!
Would you be able to share the spreadsheet in a different way? I cannot download it
got it :)
the link to the spreadsheet is not working? Great simple video
Can you please resend the link to the Stock Analysis Spreadsheet thanks
Holy shit this spreadsheet is insane.
Hey Hamish! I'm trying out you spreadsheet v2.2 and when the EPS are negative it may produce negative fair, buy and sell prices, use COTY stock for example. Can the formula be changed to solve this problem, or how do we deal with such situations?
I finally learned stuff. :]
Hi Hamish, thanks for the advise, this is very concise and appreciated. I can't find the 'BUY ZONE' tab in the spreadsheet, do you have a direct link to it? Thanks again and keep up the good work... :)
Use version 2.2 (old version)
I cant even imagine that this is free 🤯
It is great. But same concept as available in Rule#1 investor.
Hi Hamish,
The video was very informative. But I couldn't found Buyzone calculator sheet on File. Please advise me how can I access it.
Great Video, thanks for sharing Hamish. I ran the numbers using today's TTM EPS and the story looks very different. Would love to see a follow up on this and hear your thoughts on what has changed.
Hello Hamish. Where do I get the 15-20 year financial data you use in your spreadsheet?
Hi Hamish, could you update the spreadsheet? The version 3 doesn't have the Buy zone calc tab. Also for MAINTENANCE CAPEX, do we use Net PPE value? Is there a single website where we could get all these data for each company?
Very well explained, thank you! I just don't know where people get all the date. I know, I could go to the company's website and download every single year-end financial statement, but that would be a hassle. Is there any way to get something like a spreadsheet of historical data of stocks? It's great to know how to calculate fair value and intrinsic value, but I need to know what numbers to put in.
Check out some of my other videos on intrinsic value!
What did you mean by equity growth? Gareth I’m retained earnings or the growth in stock price
hey! the video and investing strategy is awesome but I cant download that spreadsheet
Hi, to calculate the future price, why not use free-cash-flow per share instead of eps; and p/fcf instead of p/e? Thanks!
Sorry if this question has been asked, but when following your instructions on estimating the fair value of a stock, do we need to fill in every detail of the spreadsheet, including sales, EPS, equity, etc. Or only the parameters you are demonstrating in the video. Because you're showing us one set of data to enter, but not the rest, though I can see you have already entered all of the other data. I ask because I cannot get mine to work, but I haven't entered all data, only the data you're inputting in the video.
Also, where do we find the previous 10 years high, low and average PE ratios? I cannot find them on yahoo finance. Are they figures we need to work out ourselves based on other figures?
Thanks for the video. I downloaded the spreadsheet, but it's not the same spreadsheet that you're using in your video.
Omg the cup 🤣❤