Cash flow is a company’s operating inflow of cash minus its outflow of cash. It’s calculated by adding net income plus non-cash charges such as depreciation, depletion and amortization. Simply put, it’s earnings without taking into account non-cash charges such as depreciation, depletion and the write-off of intangible assets over time.
Cash flow is particularly useful in valuing companies in industries in which depreciation and depletion charges are based on the historical value of assets instead of current values-industries such as oil and gas and real estate. Note though, that as with any financial ratio or number, you have to look at it in context with many other factors. That’s not to say that there won’t be surprises that affect every company in a particular industry. But well-established stocks have the asset size and the financial clout-including solid balance sheets and strong cash flow-to weather market downturns or changing industry conditions.
In summary, cash flow is in many ways a better measure of a company’s performance than earnings. While reported earnings are subject to accounting interpretation and can be restated in later years, cash flow is a measure of the cash flowing into a company right now less cash outlays.
Investors should always seek out information about cash flow when analysing a stock-but you should also keep TSI Network’s three-part Successful Investor philosophy in mind:
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ROPER TECHNOLOGIES INC., $467.09, symbol ROP on New York, develops software and engineered products through a number of businesses for a variety of specialized markets. The company is headquartered in Sarasota, Florida.
On October 3, 2021, Roper announced that it would sell its TransCore unit for… Read More
IGM FINANCIAL INC., $46.54, Toronto symbol IGM, remains a buy.
The company is Canada’s largest independent mutual-fund provider. It also offers ETFs and wealth management services.
IGM last raised its quarterly dividend by 4.7% with the January 2015 payment. Investors receive $0.5625 per share for an annual… Read More
TC ENERGY INC., $66.39, Toronto symbol TRP, is a buy.
TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and… Read More
The market plunge at the start of the COVID-19 crisis lowered prices for most REITs. That’s because the pandemic forced many businesses to temporarily close. However, vaccines should see the economy normalize in the next several months.
That will let this REIT maintain its current… Read More
CONAGRA BRANDS INC., $33.72, New York symbol CAG, is still a buy.
Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Orville Redenbacher popcorn and Reddi-wip whipped cream.
The company’s very… Read More
A: Tourmaline Oil Corp., $44.05, symbol TOU on Toronto (Shares outstanding: 326.1 million; Market cap: $14.3 billion; www.tourmalineoil.com), is a Canadian oil and natural gas exploration, development, and production company. Its properties are concentrated in central Alberta and northeast B.C.
In the three months ended June… Read More
EMERA INC., $57.43, Toronto symbol EMA, is a buy.
The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Tampa Electric, which provides electricity to more than 765,000 customers. Its other interests include several power plants and natural… Read More
FORTIS INC., $55.93, Toronto symbol FTS, is your #1 Income buy for 2021.
The company is the main supplier of electrical power in Newfoundland and PEI. Fortis also owns electrical utilities across Canada, the U.S. and the Caribbean. In addition, the company distributes natural gas in… Read More
If you want to find a high-quality Canadian energy ETF to invest in, then you need to look at the stocks it holds, its liquidity, and more
High-quality energy stocks—or resource stocks, generally—can provide you with a hedge against inflation as well as other hidden benefits,… Read More
Finding which marijuana stocks that will become industry leaders remains a challenge. While October 2018 ushered in legal recreational use, investing in these stocks is still for aggressive investors, and we don’t recommend marijuana penny stocks
Investment interest has slipped since marijuana stocks first became available,… Read More
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Changes to this Policy
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