OPEN-SOURCE SCRIPT

CROCE

Using free cash flow instead of ebit, to be able to evaluate stocks that are not yet profitable.

the formulas are

fcf ttm / (not financial operating working capital - Cash + Net Property Plant and Equipment)

and
fcf yield on Enterprice Value

Example CRWD negative ebit, but cash creation, in this case the expenses in research and development go to affect the ebit.

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