Cash flow & dividends
Discount future cash flows, earnings or dividends back to today. Explore growth, margins and the return you require.
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Explore what a business could be worth. Load its financial data, choose the models that fit and see how your assumptions change the result.
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Multiples & peers
Compare earnings, sales and book value with peer benchmarks. Change the multiple and see the implied value per share.
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Valuation research
Explainer GE
How to read an earnings report: revenue, EPS, guidance and the estimate
An earnings report is read in order: revenue growth, GAAP versus adjusted EPS, the analysts' estimate, guidance, then cash flow. GE Aerospace's filing for the quarter to 30 September 2026 shows what that sequence reveals beyond the headline profit figure.
Original finding TEAM
Atlassian free cash flow fell 6.8% as earnings improved
Atlassian’s earnings improved, but free cash flow fell 6.8% as revenue expanded. Lower capital spending cushioned the cash decline, leaving the main concern in operating cash generation.
Explainer AAPL
10-K vs 10-Q: what each SEC filing is and how to read it
A 10-K is Apple's audited annual report; a 10-Q is its unaudited quarterly update between annual filings. This explainer sets out the differences in timing, audit and detail, what to read first in each, and where the 8-K fits, using Apple's own filed figures.
Explainer MSFT
Free cash flow conversion: what it is and how to read it
Free cash flow conversion shows how much of a company's profit becomes cash, found by subtracting capital expenditure from operating cash flow. The free cash flow yield then compares that figure with a company's value. Microsoft's filings show free cash flow falling as net income rises.
Explainer ADBE
Owner earnings: what free cash flow after stock pay means for a valuation
Owner earnings is free cash flow minus stock-based compensation, a cost that never appears as a cash outflow but still dilutes shareholders. Adobe's filings, which show $9.3bn of share buybacks against 40.8% free cash flow margin, illustrate why the gap matters for valuation.
Explainer ADBE
Reverse DCF: how to work out what growth a share price implies
A reverse DCF model starts from a price and works backwards to the growth rate needed to justify it, rather than forecasting growth to produce a price.
Explainer AAPL
Stock buybacks vs dividends: what actually reaches shareholders
A buyback announcement does not by itself mean fewer shares outstanding, because new stock issued to employees can work against it. Using Apple's filed buyback, dividend and share-count figures, this explainer shows how shareholder yield and the net share change appear in a filing.
Buyback Monitor, 2026-Q4: Dropbox leads a table where buybacks outrun free cash flow
Dropbox leads the 2026-Q4 Buyback Monitor with its diluted share count down 18.25% in a year, ahead of Pegasystems and CarGurus. Across the 58 companies ranked, the pattern to watch is buyback spending running ahead of free cash flow.
Research ADBE
Adobe's free cash flow machine is quietly buying back the company
Adobe converts roughly 41 cents of every revenue dollar into free cash flow and is using it to retire more than 6% of its diluted shares a year. The cash economics remain among the strongest a software company can show. The debate is what they're worth.