Free cash flow yieldThis script shows
- FCF Yield Net based on enterprise value. See reference: www.investopedia.com
- FCF Yield Diluted: which reduced CFC net by dilution amount.
- FCF % change.
This should give you a good overview on how well the company is at growing FCF and how efficiently they are creating FCF.
Resultados
The Strat with Continuity [starlord_xrp]This indicator shows entry and exit points for The Strat as well as potential setups. It also has full time frame continuity detection.
Earnings Yield SpreadThe Earnings Yield Spread might offer an investor some insight into areas of value.
Earnings yield is the ratio of Diluted earnings per share over the trailing twelve months (TTM) to the company’s share price. Earnings yield shows how much the company has earned per share as a percentage of its share price. It shows investors how much yield they are getting in earnings in return for owning the stock at its current share price. (Thank you, TradingView)
One might wonder how the earnings yield on their investment compares to the yield on a US 10 year treasury bond. The Earnings Yield Spread indicator will read above zero if the stock in question earnings yield is higher than US10Y and will read below zero if the stock in question earnings yield is lower than the US10Y.
Earnings yield is relative to the stock in question, so comparisons should be drawn to its own historical reading and not to other symbols.
Quarterly EarningsThis script displays quarterly earnings per share (EPS) and sales data, and their year-on-year percentage change.
The script builds upon the Volume Price and Fundamentals script by Mohit_Kakkar08 and improves upon the array functions to keep the code light-weight & the output as accurate as possible. This script uses diluted EPS data for calculating the quarterly earnings. New quarters are auto-generated by the script as the earnings data gets updated in Tradingview every quarter.
Features:
⦿ View quarterly earnings per share (EPS) and sales data.
⦿ The percentage change is a YoY (year on year) comparison of the current quarter to the same quarter of the previous year.
⦿ Option to change the data from Quarterly (FQ) to Yearly (FY) .
⦿ Long mode : Option to increase the number of previous quarters displayed in the table (default is the past 4 quarters) to any number.
⦿ Location & size of the table can be changed.
⦿ Option for a 1-click dark mode
⦿ Option for a ' Mini mode ' where the values are replaced by traffic lights for a quick visual:
🟢 or 🔵 YoY increase in earnings/sales
🔴 or 🟣 YoY decrease in earnings/sales
🟡 or 🟠 YoY earnings/sales unchanged
⚪️ No data available
⦿ The top-left cell has the option to display either the free float (FF) or the marketcap (Mcap) of the stock.
Please note that sometimes the Tradingview data reflected in the script output might differ a bit from MarketSmith. Also make sure you are viewing the 'consolidated' data there.
This script was developed as a collaboration between me & @EquityCraze .
ATR profit and loss linesWhat is ATR?
Taking a candlestick, the following 3 transactions are calculated:
1-The difference between the high of the day and the low of the day
2-The difference between today's high and yesterday's close
3-The difference between today's low and yesterday's close
Atr takes the average of these 14-day candlesticks after making their calculations and it predicts how high or low a candle can go and these give us support and resistance helps with points
If you have noticed a rise in your chart and have no idea how high it will go, you can use Atr profit and loss lines.
The red zone is the stop point, the blue zones are the snow zones.
Must be used with macd. macd is validator.
There is an increase in your chart, you opened the atr profit and loss lines upwards and if macd gives you an increase, it is recommended that you enter the trade at that time. It is recommended to increase your loss line 1 step in the direction of profit every 2 profit breaks on atr profit and loss lines.
ATR Nedir?
Bir mum barı ele alınarak şu 3 işlem hesaplanır:
1-Günün yükseği ile günün düşüğü farkı
2-Günün yükseği ile dünün kapanışının farkı
3-Günün düşüğü ile dünkü kapanışın farkı
ATR ise 14 günlük bu mum barlarının hesaplarını yaptıktan sonra ortalamasını alır ve bir mumum ne kadar yükselip düşebileceği konusunda tahmin verir ve bunlar bize destek ve direnç noktaları konusunda yardımcı olur
Eğer grafiğinizde bir yükseliş farketmişseniz ne kadar yükseleceği konusunda fikriniz yoksa Atr kar zarar çizgilerini kullanabilirsiniz.
Kırmızı bölge durdurma noktası,mavi bölgeler kar bölgeleridir.
Macd ile birlikte kullanılmalıdır.macd doğrulayıcıdır.
Grafiğinizde yükseliş var,atr kar zarar çizgilerini yukarı yönlü açtınız ve macd size yükseliş veriyorsa işte o sırada işleme girmeniz tavsiye edilir.atr kar zarar çizgilerinde her 2 kar kırılımında bir zarar çizginizi kar yönünde 1 kademe arttırmanız önerilir
Joel Greenblatt Magic FormulaJoel Greenblatt Magic Formula. I always wanted to make this.
The Indicator shows 3 values.
ROC,EY,SUM.
ROC= Return On Capital.
EY=Earnings Yield
SUM= Addition of Two.
Formula:
ROC=EBIT / (Net Working Capital + Net Fixed Assets).
EY = EBIT / Enterprise value
Enterprise Value=(Market value of equity + Net Interest-bearing debt)
To implement the strategy, investors start by identifying a universe of stocks, typically large-cap or mid-cap companies that trade on a major stock exchange. Next, they rank the stocks based on their ROC and EY. The companies with the best combination of these two metrics are considered the best investments (based on this ranking).
For example, a stock that ranks 10th on EY and 99th on ROIC gets a value of 109. The two ranks are simply added together and all stocks are ranked on the sum of the two ranks. The stocks with the lowest values are best.
All credits to "The Little Book That Beats The Market" by Joel Greenblatt
The Magic Formula strategy is a stock selection method popularized by Joel Greenblatt’s book The Little Book That Beats the Market.
It involves ranking companies based on Two factors:
A high return on capital and A high Earnings Yield.
The companies with the best combination of these two metrics are considered the best investments. The strategy aims to find undervalued companies with strong financials that have the potential for high returns over the long term.
Fundamental ScreenerThis indicator is designed to compare the year-over-year earnings and sales growth, as well as the P/E ratio of up to 10 stocks simultaneously .
This provides valuable insights into the fundamental performance of multiple stocks at the same time, allowing traders to quickly identify which stocks are outperforming or underperforming their peers.
The earnings and sales growth figures are calculated on a year-over-year basis , comparing the most recent quarter to the same quarter 1 year ago.
The P/E ratio is a valuation metric that measures a company's stock price relative to its trailing twelve months earnings per share.
By comparing these three key metrics across multiple stocks, traders can quickly identify which stock in a group has superior fundamentals.
Customization
Chose to compare 5 or 10 symbols
Table position, color, and size
RS RatingHello everyone.
The RS Rating (or Relative Strenght Rating) is a metric that tracks a stock's price performance relative to the rest of the market. Specifically, it looks at a stock's relative strength over the last 52 weeks.
It allows you to identify at a glance stocks that are outperforming the market and may be poised for further gains.
Designed for break-out traders, trend follower, value investors, the RS Rating can help you identify promising opportunities and make informed investment decisions.
The Rating stands as follow:
- From 1 (worst) to 99 (best)
- 99 rating means the stock is outperforming 99% of all stocks in terms of relative share price performance over the last 52 weeks.
The RS Rating is accompanied by the RS line which is a representation of the progress of the asset against the comparative symbol. (Here SP500)
Of course this script is inspired by the IBD rating system.
The results may be equivalent but it is not guaranteed.
This indicator proposes a scoring system in the style of the one proposed by IBD.
Indeed for an optimal result, it would be necessary to compare the relative performance of all actions, which is not yet possible on PineScript.
Here is the formula for calculating the score:
RS Score = 40% * P3 + 20% * P6 + 20% * P9 + 20% * P12
With
P3 = Performance over the last 3 months
P6 = Performance over the last 6 months
P9 = Performance over the last 9 months
P12 = Performance over the last 12 months
There is no equivalent solution for the moment on TradingView.
The rating score will only appear on the daily timeframe.
For now it's my pleasure to share!
Kitti-Playbook request.earnings R0.0Date: Feb 5 2023
Objective :
Display Earnings per share
Calculation :
Get Earning value by use Function "request.earnings "
Display :
Plot Earnings Data
Earnings History Tab
Valuation RainbowValuation Rainbow
© danny_peanuts
Stock value based on Book Value, Earnings, Dividends and Money Multiplier
SV = (BVPS + EPS + DPS) * MM
BVPS = Book Value Per Share
EPS = Earnings Per Share
DPS = Dividends Per Share
MM = Money Multiplier - Integer Number from 1,2,3, ... ,7
There are multiple ways of valuing the stock. Book value is traditionally used as the basic valuation since it's calculate the total asset value minus the liabilities of any company. There are valuation based on multiplication of book value, there are valuation based on multiplication of earnings, and valuation based on multiplication of dividends. Here I'm proposing valuation based on all of these combined. So this indicator is measuring stock value based on multiplication of book value plus earning plus dividend per share. Since the money supply could have an multiplication effect so does the stock value could have a multiplication effect. Also notes that some blue chips stock tends to value higher than startup stock due to money is not equally distributed. So for simplicity I will use simple integer number to represent this multiplication effect as rainbow color plots, thus it can be applied to any stock at any given countries. The higher the stock price on valuation bands the most expensive it is and the lower the price on valuation bands the cheaper it is.
Enterprise Value on Earnings / FCF / FFO Band Enterprise Value per Diluted Share plotted as black line.
Bands start at 5x and stops at 30x, each represents a 5x increment.
Band Options (per Diluted Share, Fiscal Year):
①Free Cash Flow
②Operating Income
③Adjusted Funds from Operations
④Core Earnings
where:
AFfO = FFO - Unusual Income/Expenses + Tax Distortion (dafault 25% tax rate)
Core Earnings = Net Income - Unusual Income/Expenses + Tax Distortion (default 25% tax rate)
These two adjustments are coarse and watered-down, so take them with a grain of salt.
For professional assessments of Core Earnings versus GAAP Earnings you may go to David Trainer at Great Speculations(costs money). I am unaffiliated with these entities.
Tips:
①③ are unapplicable to financials.
③ may work for REIT-like companies whose depreciation is mostly overstated(e.g. hydro-elec utility companies whose dams typically don't wear out in ten years; companies with assets that APPRECIATE in reality but they D&A them anyway).
Probably none works for cyclicals, especially extreme boom-bust cyclicals such as oil, aluminum & shipping etc.
Beware unnaturally low (dividend_payout+buyback)/net_income ratio as some majority shareholders may funnel money to themselves/cronies at the expense of small shareholders.
Disclaimer: Use at your own discretion. No guarantees for any accuracy or usefulness. If you decide to use it, I take no responsibility whatsoever for any consequences. Does not constitute financial advice. Past performance is not Indicative of future results.
Rule Of 20 - Fair Value Estimation by Inflation & Earnings (TG)The Rule Of 20 is a heuristic calculation to find the fair value of an asset or market given its earnings and current inflation.
Its calculation is straightforward: the fair multiple of the price or price-to-earnings ratio of a stock should be 20 minus the rate of inflation.
In math terms: fair_price-to-earnings_ratio = (20 - inflation) ; fair_value = current_price * fair_price-to-earnings_ratio / real_price-to-earnings_ratio
For example, if a stock or index was trading on 11 times earnings and inflation was 2%, then the theory would be that the fair price-to-earnings ratio would be 20-2 = 18, which is much higher than the real price-to-earnings ratio of 11, and hence the asset would be undervalued.
Conversely, a market or company that was trading on 18 times price-to-earnings ration when inflation was 8% was seen as overvalued, because of the fair price-to-earnings ratio being 20-8=12, hence much lower than the real price-to-earnings ratio of 18.
We can then project the delta between the fair PE and real PE onto the asset's value to obtain the projected fair value, which may be a target of future value the asset may reach or hover around.
For example, as of 1st November 2022, SPX stood at 3871.97, with a PE ratio of 20.14 and an inflation in the US of 7.70. Using the Rule Of 20, we find that the fair PE ratio is 20-7.7=12.3, which is much lower than the current PE ratio of 20.14 by 39%! This may indicate a future possibility of a further downside risk by 39% from current valuation levels.
The origins of this rule are unknown, although the legendary US fund manager Peter Lynch is said to have been an active proponent when he was directing the Fidelity’s Magellan fund from 1977 to 1990.
For more infos about the Rule Of 20, reading this article is recommended: www.sharesmagazine.co.uk
This indicator implements the Rule Of 20 on any asset where the Financials are availble to TradingView, and also for the entire SP:SPX index as a way to assess the wider US stock market. Technically, the calculation is a bit different for the latter, as we cannot access earnings of SPX through Financials on TradingView, so we access it using the QUANDL:MULTPL/SP500_PE_RATIO_MONTH ticker instead.
By default are displayed:
current asset value in red
fair asset value according to the Rule Of 20 in white for SPX, or different shades of purple/maroon for other assets. Note that for SPX there is only one calculation, whereas for other assets there are multiple different ways to calculate earnings, so different fair values can be computed.
fair price-to-earnings ratio (PE ratio) in light grey.
real price-to-earnings ratio in darker grey.
This indicator can be used on SP:SPX ticker, and on most NASDAQ:* tickers, since they have Financials integrated in TradingView. Stocks tickers from other exchanges may not provide Financials data, so this indicator won't work then. If this happens, try to find the same ticker on NASDAQ instead.
Note that by default, only the US stock market is considered. If you want to consider stocks or assets in other regions of the world, please change the inflation ticker to a ticker that reflect the target region's inflation.
Also adding a table to ease interpretation was considered, but then the Timeframe MTF parameter would not work, and since the big advantage of this indicator is to allow for historical comparisons, the table was dropped.
Enjoy, and keep in mind that all models are wrong, but some are useful.
Trade safely!
TG
[GTH] Net Profit Margin (%)Displays the Net Profit Margin in a more "readable" fashion than the built-in TV Indicator.
This indicator concludes the series of 'Minervini-indicators', consisting of "GTH Earnings", "GTH Revenues" and "GTH Net Profit Margin (%)".
Famous trader Mark Minervini repeately describes rising earnings, revenues and net profit margin as the most important financials for finding superperformers.
In case of reporting a malfunction: Please be specific. Statements like "does not work" are useless. Thanks.
[GTH] Earnings
Black line -> actually Reported Earnings
Colored bars -> positive/negative surprise in regard to Estimated Earnings
Labels -> percentage of change in regard of the previous Reported Earnings
EPS & SalesHi everyone,
I just adapted a little utility script to visualise EPS % increase (quarters vs Year -1) and sales.
I used the code from @ARUN_SAXENA and modified it to fix what I saw as issues.
(Using base 3M instead of 1M +
request.earnings(syminfo.tickerid, earnings.actual, ignore_invalid_symbol=true)
instead of
request.financial(syminfo.tickerid, "EARNINGS_PER_SHARE", "FQ")
Data will differ from MarketSmith because they use sometimes actual EPS sometimes standard, but think we can at least trust what we see in term of %
The tool is far from being perfect !
Nabz-BBMACD-2022-V1.1I have tried to make script which triggers indicators on combination of different feedback including Bollinger bands and MACD. Also used some of my logic by trial and error, It gave 744%+ profit on back-testing on coin RUNE/USDT from Jan 2021. It is my first script, I am happy to help the community. Please share your feedback.
EPS DashboardThis script creates a little table in an indicator below your chart that allows you to view the earnings per share over the last year as well as calculates the year over year earnings per share growth. According to IBD, strong EPS growth is a great indicator of a potential super-performer stock so hopefully this will make it easier to keep an eye on this metric. Note it does not work on things without financial data like crypto, indexes, and ETFs.
Earnings Price Move Cheat Sheet [KT]Hello!
This script looks to distinguish replicable sequences and correlations between earnings releases and price. The indicator calculates the average 1-session to 20-session performance of an asset prior to an earnings release, and the 1-session to 20-session performance of an asset subsequent an earnings release.
You can select the number of sessions the script calculates for asset performance.
In the image above the script calculates the average 1-session performance following an earnings surprise, earnings miss, and in general. 20 sessions is the maximum value!
Also measured is the average performance of an asset before and after earnings, in addition to the average performance following an earnings surprise "green earnings" and the average performance following an earnings miss "red earnings".
I included VaR and CVaR calculations - using the historical method - in the script. For those of you unfamiliar with the metrics, both look to quantify the risk of financial loss for a portfolio, or even a particular position.
The script also calculates the 1st - 5th percentile for earnings losses. A more comprehensive explanation of the metrics is stored in tooltips in the user input tab.
The script also calculates the highest high and lowest low following an earnings release, up to 20 sessions, and calculates the difference between the two.
Keep in mind that a company might not have a significant number of earnings misses, or may have only traded publicly for a short while. If true, the resulting earnings/price calculations *will* be misleading - there is an insufficient sample size; no correlations are ascertainable.
I will be working on this script more, so let me know if there is anything you would like included!
Financial GrowthThis indicator will acquire the financial data provided by Tradview.
the data is compare between Quarter, Annual and TTM in term of percent of growth.
YoY, QoQ and CAGR is also available by this script (The minimum is 4).
in addition, ploting of data, label and table also available (you can check the mark to toggle on / off).
Data : Revenue, Net Income, EBITDA, EPS, DVPS, Free Cash Flow and Forward PE .
How to use it.
just select the financial data, period and size of data to compare.
you can check the box to toggle the plotting line, label and table.
Enjoy.
HighLow Box Highlight between EarningsHighLow Box Highlight between Earnings
This is an indicator to highlight area between two earning periods and their highest and lowest points.
It also alternates the highlight color in each subsequent block.
Tested to work in 1D charts and 1M charts
Just drop a message, if you want this further developed with more features.
Note: This was requested by user Meatpye on a forum.
Silen's Financials Fair ValueIt is finally here! 🔥 My 3rd and most important script in my Financial series! 🚀
Ever imagined to see all fundamentals (or many that is) combined into one indicator that is right on your chart, showing you how your favorite stock is trading compared to its fundamentals?
Well, here is your answer! 📡
____________________________________________________________________________________________
This script shows you my own personal interpretation of fair value, based solely on the financial fundamentals of a company compared to market averages.
I don't believe that certain sectors of the market should be priced higher than others. If you look at historical data you'll see that favored sectors always rotate - placing insanely high P/E multiples on some sectors. Once they are "out" and people rotate away from those sectors you're left with nothing but the naked fundamentals that matter. So, you'll see many companies, that have been doing well on paper, see their share price decline by 70-90% for no other reasons than people favoring other sectors.
That's why it's even more important to focus on fair value that is solely fundamentals-based. Know when your stock gets to expensive. 🤯
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To give you some examples:
- Most Megacaps trade at historically high valuations, several times my fair value. Those include AAPL, MSFT, NVDA, AMZN, TSLA, JPM, TSM, V and so on. And no, in the past they partially traded below (my) fair value.
- Most Cybersecurity / Cloud companies are trading at truly massive multiples of my fair value. (NET, DDOG, etc)
- Many Smallcaps & Midcaps are trading several multiples (OESX, CODX, QFIN) below my fair value. And no, in the past they partially traded above (my) fair value.
Ok, so much about the market. You ultimately decide how much you want to orientate on fair value. 👨🏫
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This fair value indicator (purple line):
Takes the P/E rate of the company and compares it to the market (50% weight)
Takes the P/S rate of the company and compares it to the market (50% weight)
Then adds boni and mali f or debt/equity rates and debt and equity itself
Also looks at past growth and calculates future P/E and P/S rates which adds , in some cases, value to the fair value (green line)
Also compares how historical valuations have behaved compared to fair value and simulates a fair value guideline (dark blue line)
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This script is part 3️⃣ of a series of indicators that work well together.
Script 1️⃣ of the series is:
P/E & P/S Rates
Script 2️⃣ of the series is:
Debt & Equity
If you use all 3 scripts together it will look like this, giving you truly deep and simple information about the fundamentals of a company:
Example 1 - AMD
Example 2 - HZO
Example 3 - APPS
I hope this script makes your investing and stock picks a lot easier! 🔆💹🕗
Disclaimer: Fair value is always subjective. There are many different approaches to fair value. This one is only my personal interpretation.
Disclaimer 2: This script works only for the Day-Timeframe.
Disclaimer 3: This script uses 17,5 P/E and 3,0 P/S as market averages. The actual average keeps changing but, historically speaking, these seemed to be good numbers.
Feel free to share your thoughts and feedback! 🙃
FX Profit CalculatorWith this indicator, you will be able to see how much you earn in forex in dollar terms.
It asks you 3 things when adding the indicator.
TP point
SL point
Position Entry point
If you have selected the TP point above, the entry zone below it, and the SL point below it, the indicator will automatically understand that there is a BUY order and will make the calculations accordingly.
The same is true for the opposite.
When you use the indicator in any parity, you will have problems switching to other parities.
So either use it only in one parity, or update your targets from the indicator settings at every parity change.
You will get the same error if:
Your trading entry point should be between your TP and SL points. If you do not set it this way, the indicator will warn that please fix it.
If you are in the trade, tick the settings and show the dollar-based profit of your position according to the instant closing price.
The percentage variable works like this:
When you adjust for one parity, shifts occur in the chart when you switch to the other parity. When switching to non-circulating graphics at the same prices, the user is prompted to re-enter so that the graphic does not deteriorate.
BONUS : You can move these lines up and down with your mouse on the graphic :)
