Accounting

  • 06 Oct
    Analysts Love This Metric. Here’s Why You Shouldn’t.

    Analysts Love This Metric. Here’s Why You Shouldn’t.

    • EV/EBITDA is a widely used metric these days, so every investor should understand what it is.
    • We’ll discuss how EV/EBITDA is calculated and how you can manipulate it.
    • There are some pros to using it, but also some cons.



    Introduction

    When I was just starting with investing, I remember that the beta coefficient was popping up everywhere, next to almost every stock price or price to earnings ratio.

    The beta coefficient has faded in the last two decades as it was clear that markets aren’t efficient and that there is no real usage of the metric. Now a new metric has emerged lately and is used by most analysts. More →

  • 02 Dec
    The Crazy World Of Mining Costs

    The Crazy World Of Mining Costs

    • Don’t take a description of costs for granted as they vary from miner to miner.
    • Mining costs aren’t an accounting metric, but most miners should follow the World Gold Council’s guidelines.
    • Apart from disclosure metrics, there is a metric that doesn’t deceive.

    Introduction

    As gold is getting more interesting as a buying opportunity, it’s important to identify the miners that offer the highest reward for the lowest risk. More →