“Core Earnings: New Data and Evidence,” a recent paper from professors at Harvard Business School and MIT Sloan, shows how these adjustments create a measure of core earnings that is more predictive of future earnings than comparable metrics from Compustat and IBES. I believe this research is necessary to uncover the true profitability of a firm and make sound investment decisions. My firm’s technology enables me to deliver fundamental diligence at a previously impossible scale. No Substitute for Diligence on Fundamentals 2,091 valuation adjustments with a total value of $1.6 trillionįigure 2: Filing Season Diligence for the Week of March 2 – March 8įiling Season Find Stats Week 3 New Constructs, LLC.
4,342 balance sheet adjustments with a total value of $1.1 trillion.3,482 income statement adjustments with a total value of $164 billion.The analyst team made 9,915 forensic accounting adjustments with a dollar value of $2.9 trillion. See all adjustments to LIN’s valuation here.Īnalysts analyzed 501 10-K and 10-Q filings last week, from which the Robo-Analyst technology collected 55,615 data points. This adjustment represents 6% of LIN’s market cap. Apart from $15 billion in total debt, which includes operating leases, the most notable adjustment to shareholder value was $6.6 billion in deferred tax liabilities. Valuation: I made $29.5 billion of adjustments with a net effect of decreasing shareholder value by $24.9 billion.
See all adjustments to LIN’s balance sheet here. One of the most notable adjustments was $4.8 billion (6% of reported net assets) in other comprehensive income. Other Critical Details on LIN Found by My Firm’s Robo-Analyst Technologyīalance Sheet: I made $12.6 billion of adjustments to calculate invested capital with a net increase of $7.1 billion.
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