Chart of the Day
China Has Been Twice as Hard to Predict
Chart of the Day: Globally, analysts have on average been 22% wrong in their EPS forecasts. Chinese analysts have been more inaccurate on average at 40%. Most accurate were Chinese analysts in Health Care.
Read MoreRevenue Growth of All Listed Non-Financial Companies in the World
Chart of the Day: All business starts with revenue. We’ve looked at on average 12,621 non-financial companies. Over the past 23 years, revenue growth has averaged 6%.
Read MorePast Betas Tend to Regress Towards 1.0x
Chart of the Day: Past betas tend to regress towards 1.00x. The beta you use for valuation is to infinity. To avoid mistake we use three betas: High risk: 1.25x, Average risk: 1.00x, low risk: 0.75x.
Read MoreChange in Net Working Capital Is Small, but Volatile
Chart of the Day: Changes in net working capital are volatile because that change results from five separate forecasts. Net working capital is a small but volatile investment item.
Read MoreThai Analysts Have Been Most Accurate in Health Care
Chart of the Day: Thai analysts have been 24% inaccurate on average. Most inaccurate in Industrials and Energy. Most accurate in Health Care, Real Estate, Telecoms, and Utilities.
Read MoreThai Analysts Have Been 24% Wrong on Average
Chart of the Day: Globally, analysts have on average been 22% wrong in their EPS forecasts. Thai analysts have been slightly more inaccurate on average at 24%. Remember, YAAW!
Read MoreAsset Turnover in Thailand Has Been Above the Global Average
Chart of the Day: In Thailand, the asset turnover of the average company has been 90%. Thailand went from a low of 46% around the Asian Financial Crisis to a high of 117% around the Global Financial Crisis.
Read MoreGross Profit Margin in Thailand Has Averaged 18%
Chart of the Day: Thai firms have on average generated 18% gross profit margin. Thailand is more similar to China and Vietnam which are other markets more focused on manufacturing and less on branding.
Read MoreProfitability Regresses Toward the Mean
Chart of the Day: Over a decade we can’t see a complete mean reversion but the profitability regresses toward the mean. In other words, Stars tend to remain Stars and Dogs tend to stay Dogs.
Read MoreOut of 800 Listed Stocks in Vietnam, 80 Are Liquid
Chart of the Day: While Vietnam has become a hot and interesting market with about 800 listed stocks, virtually 90% of stocks have almost no trading.
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