Free Cash Flow (FCF)
Cash generated after the investment required to maintain and grow the business. Useful, but only after you inspect what the formula leaves out.
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Financial terms, made operational
Clear definitions that show what each metric means, where it breaks, and how to use it in real research.
EV/EBITDA
A valuation multiple comparing enterprise value with earnings before interest, tax, depreciation, and amortization.
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Earnings Guidance
Management's forward-looking range or qualitative outlook for revenue, profit, margins, or other operating measures.
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Share Dilution
The reduction in each existing owner's percentage interest when a company increases its effective share count.
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Margin of Safety
The buffer between a conservative estimate of value and the price paid, designed to absorb uncertainty and error.
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