7 of Free Cash Flow - Seeing Through the Accounting Fog
Machine to Find Great Stocks, six restaurant companies
were compared. In
order to provide readers with a broader Free Cash Flow
perspective on the similarities and differences among
various industries, I have inputted some 100 companies
from 19 industries into a downloadable Free Cash Flow Worksheet.
purpose of the list is to show how different industries
fare in the Free Cash Flow Worksheet. I am NOT in any way
endorsing these companies by including them in the list.
Some of these companies may or may not turn out to be good
investments. Some of these companies WILL turn out to be
Companies Worksheet uses all three Sheets (see the Sheet
Tabs at the bottom left of the worksheet):
Sheet 1 has two company lists -
one list is by industry and one list is
alphabetical. Each list indicates the Sheet # and
the Column where you will find the company. For
example, Exxon-Mobil can be found in Column A on
Each company’s ticker, company web site address
and Yahoo! Finance Profile address are below the company’s
Only the historical columns
appear. If you decide you want to look more closely
at a particular company and possibly do a projection
of one or more years in your copy of the Free Cash
Flow Worksheet, you will have to manually transfer
the numbers to a copy of the Free Cash Flow
Worksheet. You MUST double check my inputs to
make sure (1) I did not make any errors in
transferring data from the company’s financial
statements to the worksheet and (2) you agree with
my treatment of each item in the company’s financial
statements. I am not responsible for any errors or
omissions in the 100 Companies Worksheet.
Be sure to note that in ROW
121, some companies have “expense” after the ROW
title: “Interest paid”. In those cases, to save time I inputted
the interest expense rather than the cash
interest paid amount because the company did not
provide the cash interest paid number in the GAAP
Cash Flow Statement. If you are going to analyze one
of these companies, obtain the cash interest paid
number in the Notes.
The worksheet's cells are
locked and the formulas are hidden.
In addition to comparing
companies within an industry, be sure to compare
industries by scrolling across worksheets 1 and 2
and looking at just the Percentages (especially the
OCFM). Then return to Exxon-Mobil and scroll across
again, looking at the Per Share Data, then the
Incremental Data and Company’s Reinvestment Return.
here to download the worksheet.
2009 Oakdale Advisors