Emerging Markets
Characterized by low liquidity and market capitalization- as well as high levels of risk and volatility, these markets are neither developed nor emerging.
Frontier Markets
Besides Earnings Before Interest and Taxes, EBIT is also known as?
Operating Income
How do you calculate upside?
Future Price / Current Price - 1
What formula is used to balance a balance sheet?
Assets = Liabilities + Stockholders' Equity
This person attended both of the last 2 men's college basketball championships.
Courtney
Founded in 2009, this association seeks to develop economic and political ties among the emerging markets of Brazil, Russia, India, China, and South Africa- with more recent members including Iran, Egypt, Ethiopia, and the United Arab Emirates.
BRICS
What is the standard method to forecast operating expenses?
As a % of net sales.
What does do the acronyms in EV/EBITDA stand for?
Enterprise Value / Earnings before Interest, Taxes, Depreciation, and Amortization
What is the Net Working Capital formula?
Current Assets - Current Liabilities
This person attended the winning 2009 World Series game for the New York Yankees.
Gaurav
Launched in 1988 by Morgan Stanley Capital International, this index is often used as a benchmark for emerging markets funds.
The MSCI Emerging Markets Index
For a retail company, what are the 2 main drivers for a revenue forecast?
Number of stores, and sales per square meter.
As opposed to the trailing Price to Earnings ratio (Share Price / Last 12 months Earnings per Share), this ratio divides the current Share Price by the next 12 months projected Earnings per Share.
Forward P/E.
(or leading, projected)
What is the Compound Annual Growth Rate Formula?
((Final value / beginning value)^(1 / time in years)) -1
This person briefly took to the ice as a goaltender for the New York Rangers.
Glenn
Not located on the Chinese mainland, this stock exchange connects foreign investors to the Chinese market.
The Hong Kong Stock Exchange (SEHK).
Using the formula: Days Inventory Outstanding + Days Sales Outstanding - Days Payables Outstanding, this metric measures the time in days it takes for a company to convert inventory into cash.
The Cash Conversion (or net operating) Cycle.
This valuation method determines a companies value by comparing it to similar companies in the same industry.
Comparable Company Analysis
How do you calculate End of Period PPE from Beginning of Period PPE?
Beginning of Period PPE + CapEx - Deprecation
This person has never been to a concert.
Omar
What are the 3 largest countries classified as emerging markets, in terms of GDP?
1. China
2. India
3. Brazil
Starting at Net Revenue, how do you arrive at Net Income (going 'down' the Income Statement)?
Net Revenue
- Cost of Goods Sold = Gross Profit
- Operating Expenses = EBIT
- Interest = EBT
- Taxes = Net Income
What would be the effect on a company's free cash flow yield if capital expenditures were to dramatically increase.
FCF yield would decrease, as CapEx reduced FCF.
(FCF = Net Income + Depreciation - CapEx)
What is the EM team's free cash flow formula?
Net Income + Depreciation - CapEx
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