Methodology

Summary

Conventional Value Investing Doppler Value Investing
Earnings Doppler earnings (pre-tax free cash flow)
Equity/Assets/Invested Capital Plant/Property/Equipment at cost
Return on Equity/Assets/Invested Capital Doppler Return on Equity
Book Value Doppler Book Value = 10 * (Doppler Earnings) + (net liquidity)

Net Liquidity Analysis

Plant/Property/Equipment (PPE) At Cost

Free Cash Flow Analysis

Return On Investment

Estimating Intrinsic Business Value

Valuation Ratios