Steve and Owen discuss the definition of valuation, modelling, forecasting, estimating growth rates, terminal values and so much more.Warning: this episode goes in depth on value investing. While we try to make things simple, if you’re confused about the ideas presented here you can take Owen’s free valuation courses on Rask Education to learn more.Topics discussed:What is value investing?What are the key valuation methodologies?MultiplesBalance sheet reconstructionsIRRDDMDCF - FCFF v FCFEInside a Discounted cash flow (DCF) analysisForecastingTerminal growthDiscount ratesHow do you use valuation?Forager Funds website: https://bit.ly/forage-valueFree valuation course: https://education.rask.com.au/courses/valuation-course/Value Investor Program: https://education.rask.com.au/courses/workshop/Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 13th December 2021

Australian Investors Podcast

How analysts calculate intrinsic valuation: DCFs, IRRs, DDMs, multiples & more

Live on The Australian Investors Podcast this week, your weekly hosts Owen Rask & 7Investing's Dr Anirban Mahanti talk Magellan Financial Group Ltd (ASX: MFG) and Alcidion Group Ltd's (ASX: ALC) takeover of Silverlink, a UK-based health software company.Watch the video version on the Rask Australia YouTube page.Take one of our intelligent & FREE investing courses (think ETFs, shares & valuation) on Rask Education and join our insightful FB community.Score $100 off Owen's high conviction ASX & US share research service, Rask Invest!If you want to thank us for putting this show together, please give The Australian Investors Podcast a 5-star review on Apple Podcasts - it’s a 5-second task that really helps support the show (and puts a big smile on Owen's face).Join 7Investing: https://7investing.com/subscribe?utm_source=RASKGet $10 off 7Investing when you join and use the "Rask" coupon code at checkout.Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 10th December 2021

Alcidion's (ASX:ALC) Silverlink takeover & time to buy Magellan? | ft. Anirban Mahanti & Owen Rask

Johnny Shapiro is a Senior Reporter for The Australian Financial Review, Australia's number-one finance newspaper. Johnny's expertise is investigating peculiar or 'unusual' companies, CEOs and business practices.My guest for this episode is Johnny Shapiro. Johnny is a Senior Reporter for The Australian Financial Review, Australia’s number-one finance newspaper.OWEN’S TIP: If you can, read this article BEFORE listening: “Inside The Boiler Room That Is Big Un”In recent years, Johnny and his colleagues at AFR have been responsible for reporting on the unravelling of some of our country’s highest-profile corporate collapses. In this episode we talk about Johnny’s career, growing up with a freedom fighter for a grandmother and a gold trading grandfather and how his investigative journalism unravelled an ASX technology company’s darkest secrets.Finally, Johnny concludes with the story of how he missed out on a 60,000 bagger investment return.Timestamps:0:45: Intro to Johnny1:30 – Apple’s THREE co-founders3:45 – Fact, fairytales and Johnny is a function of his grandparents: one a freedom fighter the other a stockbroker6:45 – Johnny studies finance and ends up at a job at INSTO, networking with institutions8:00 – NSW councils were buying CDO’s(!) before the GFC11:30 – How Johnny built his network to know everyone in Aussie debt markets, leaves INSTO to join ANZ… then back to INSTO13:00 – Staring into “the abyss” in the early days of the GFC16:30 – some of Johnny’s highlights – Slater & Gordon made Johnny appreciate how difficult it is to cover stories involving management and investors in high-profile collapses19:30 – Johnny tells an incredible story: How Johnny unravelled Big Un (formerly ASX: BIG) – and it started with GetSwiftFollowing leadsThe networkCopping abuse on social measure2 smoking gunsPPSR searches$12,000 for one social video?31:30 – “Does this Cost?”. Response: “Hahaha only if you want it to. With our sponsor onboard the filming on the day is all covered.” And where is Big Un today?37:00 – Could a mum and dad or DIY investor detect this type of poor corporate governance?40:00 – What is a roll up strategy? How does it go wrong? Also, a big mention of Constellation Software (TSE: CSU).43:00 – Corporate Travel Management’s Vs. VGI Partners’ 20 “Red Flags”46:30 – Blue Sky’s denial of “foreign” short seller claims and a conference call – without questions49:00 – Is short seller reporting unfair?53:00 – Where is finance journalism headed over the next 10 years?56:30 – A correlation between negative news and newspaper sales?59:10 – What Johnny would tell a younger him about money or investing – A 60,000x investment he sold!!!!Further Reading:Johnny’s story on Slater & GordonJemima Whyte’s coverage of GetSwift’s Class ActionJohnny’s BIG exposure on Big Un: “Inside The Boiler Room That Is Big Un”Johnny & Vesna Poljak’s coverage of Corporate Travel Vs. VGIJohnny & Jemima Whyte’s piece on Roll Ups****This podcast contains factual/general information only. It is NOT financial advice of any kind. That means the information does not take into account your objectives, financial situation or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner.Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser or financial adviser.

[REPLAY] Johnny Shapiro of the AFR | Unravelling corporate mystery

My guest for this episode is Curtis Larson, a private investor and portfolio manager for Norse Capital. Curtis is extremely generous with his time, making this episode amongst the easiest and relaxed conversations of the series thus far. But don't let that fool you, this chat is filled with nuggets of timeless wisdom gained over a career spanning more than two decades.Take Owen’s investing valuation course (FREE): https://www.rask.com.au/sign-up-investorSHOW NOTES: https://www.rask.com.au/podcasts/australian-investor-podcast/****This podcast contains factual/general information only. It is NOT personal financial advice. That means the information does not take into account your objectives, financial situation or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner.Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser or financial adviser.

[REPLAY] Norse Capital's Curtis Larson | Why winners keep on winning

Joe Magyer, CFA has been one of Australia's best investors over the past 10 years, leading Motley Fool Pro then Lakehouse Capital as Chief Investment Officer.In this Australian Investors Podcast episode, Owen discusses Joe Magyer's takeaways from nearly a decade of market outperformance on the ASX, lessons learned from buying shares of companies like Afterpay Ltd (ASX: APT) and Xero Ltd (ASX: XRO), the difference between Australian and US investing, and the biggest bets he didn't take.~~~ A special note from Owen Rask ~~~Alongside the original interview with Joe (see below), this is perhaps the most special of all Australian Investors Podcast episodes I have recorded.Joe is the investor I have learnt the most from in my career and the investor I attribute so much of my success.Joe was even the person who suggested I start The Australian Investors Podcast -- here we are, over one million downloads later!If you want to begin to understand why I think Joe is a special person, investor, creative thinker and analyst, you should watch my previous discussion with Joe - his first-ever long-form interview and podcast: https://youtu.be/5uwk2pkMrqQListen to this episode of The Australian Investors Podcast if you:- Want to know what it takes to succeed as an investor- How to be a better investor, versus a better analyst- Joe's key insights to learning fast and compounding knowledge- How Lakehouse Capital built its analyst team and a winning culture- Why Joe and his team were able to find companies like Afterpay, Xero and Altium before other investors~~~ Episode Resources ~~~You should follow Joe on Twitter:https://twitter.com/MagyerFollow Owen: https://twitter.com/owenrask~~~ OTHER RESOURCES ~~~➜ Dig in deeper with the show notes: https://www.rask.com.au/podcasts/australian-investor-podcast➜ Score $100 off Owen's premium high conviction ASX & US share research service, Rask Invest: https://www.rask.com.au/aip-listener-discount➜ 100% free investing courses: https://education.rask.com.au➜ Join our kickass newsletter: https://www.rask.com.au/free-sign-up➜ Our awesome FB community: https://www.facebook.com/groups/raskaustralia➜ Hang with us on IG: https://www.instagram.com/raskaustralia➜ Twitter for cool kids: https://twitter.com/RaskAustralia➜ Tiktok for laughs: https://www.tiktok.com/@raskinvestFull individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 9th November 2021

Playing to win | Joe Magyer, CFA

Welcome to Rask Australia's Australian Investors Podcast! Our mission to give Australians access to the best financial education, tools, information and advice. The Australian Investors Podcast is a series exploring the investment philosophies and journeys of some of Australia's leading investors and financial thinkers. Hosted by Owen Raszkiewicz, founder of The Rask Group, you can access full show notes and other episodes in this series, as well as free educational resources, on our website www.raskfinance.com.

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Australian Investors Podcast

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