EPS gives me P/E, which summarises market expectations of the company's risk and growth. That's a lot of information in just one number.
With operating cash flow, say $1 billion for example, what can you infer from it? Very little. You cannot perform DCF valuation by just looking at operating cash flows.
ectopic 发表于 2010-7-7 19:56
EPS gives me P/E, which summarises market expectations of the company's risk and growth. That's a lot of information in just one number.
With operating cash flow, say $1 billion for example, what can you infer from it? Very little. You cannot perform DCF valuation by just looking at operating cash flows.