Valuing Amazon (Part 1): The Problem of Intangible Assets, ROIC and RONIC (Tech Strategy – Daily Article)

Key take-aways for this article: The key to valuation is estimating growth, ROIC and RONIC. This is difficult for digital companies because of the opacity of intangible assets and investments. In Part 2, I will give you frameworks for taking apart intangible assets in digital companies. *** I am in Kuala Lumpur this week, writing […]

To access this post, you must log in as a member, purchase Subscriptions.

My Valuation for Microsoft (Tech Strategy – Podcast 148)

This week’s podcast is about Microsoft and how I approach its valuation. You can listen to this podcast here, which has the slides and graphics mentioned. Also available at iTunes and Google Podcasts. Here is the link to the Asia Tech Tour.   ———- Related articles: An Intro to Growth and “Birds in the Bush” in Digital Valuation (Tech […]

To access this post, you must log in as a member, purchase Subscriptions.

Growth, ROIC / RONIC and Growth + Sales in Digital Valuation (Tech Strategy – Podcast 102)

This week’s podcast is about growth and how it relates to value and valuation. ROIC vs. RONIC is an important part of separating past and continuing value. You can listen to this podcast here or at iTunes and Google Podcasts. —— Related articles: Valuation Like Warren Buffett in 1 Slide (Tech Strategy – Daily Lesson / Update) An […]

To access this post, you must log in as a member, purchase Subscriptions.