freebirdcapitalIn the plant I calculated what a machine hour costs, which investment pays for itself and how much capital sits in working capital. An investor asks exactly the same questions about a listed company — only from the outside, with the annual report instead of cost-centre accounting. freebirdcapital is my notebook for this: metrics, valuation and the rules by which I decide myself.
Three topics
What a company earns on its capital, where intangible value is missing from the balance sheet and where the interest rate in every valuation comes from.
Price-to-earnings ratio, fair value and margin of safety — and why the entry price decides the return.
A written process instead of gut feeling: from screening and analysis to monitoring a position.
Articles
- Six steps to your own buy list From the stock universe to three to five candidates in the buy zone — with a tool for each stage. Method · ≈ 6 min
- Measuring portfolio returns: time-weighted or money-weighted? Plus 5 % or minus 10 % — same portfolio, same year. Why both numbers are right. Method · ≈ 5 min
- Structured financial data: XBRL and ESEF How annual reports became machine-readable — and what investors can do with it. Metrics · ≈ 6 min
- The two keys to investment success: fair valuation and earnings growth Why the same company can return 8 % or 0.8 % a year — depending on what you pay. Valuation · ≈ 6 min
- Reading the price-to-earnings ratio properly What the P/E says, what it hides and how earnings yield and growth put it in context. Valuation · ≈ 6 min
- ROIC: what the capital in a plant actually earns Return on invested capital from a controller's perspective — with a manufacturing example. Metrics · in the knowledge base on unifyweave.ai · ≈ 7 min
- Book value and economic value: intangible assets Why book value misses true value — for brands and software as for machines. Metrics · in the knowledge base on unifyweave.ai · ≈ 6 min
- The yield curve and the imputed interest rate Where the interest rate in every valuation comes from — and what a documented forecasting error teaches. Metrics · in the knowledge base on unifyweave.ai · ≈ 7 min
Tools
Fair value calculator — fair value, expected return, maximum price for a target return and buy price with margin of safety.
Withholding tax calculator — how much US withholding tax is credited for German residents and how much is lost within the saver's allowance.
Freebird Rating — quick test with seven metrics and a full rating with sector thresholds and a rate-linked dividend score.
Performance calculator — time-weighted return and internal rate of return with deposits and withdrawals.
ROIC calculator — return on capital and economic profit from a controller's perspective, on unifyweave.ai.
A private research journal. No investment advice, no asset management, no recommendations of individual securities. Here you find methods, metrics and thinking tools, not stock tips. There is no advertising, no paid content and no affiliate links. I do not publish my own portfolio values.
