Owner Earnings
Average PPE-Sales:
The Average PPE-Sales is calculated by adding up propertyPlantEquipmentNet and revenue over the company's last 7 annual statements, and then:
Average PPE-Sales = Sum propertyPlantEquipmentNet / Sum Revenue
Growth Capex:
Growth Capex is calculated with the following formula:
Growth Capex = Average PPE-Sales * (Revenue - Revenue Last Quarter) * -1
if Revenue - Revenue Last Quarter < 0: Growth Capex = 0
if Revenue Last Quarter = 0: Growth Capex = Capex - Average PPE
Maintenance Capex:
Maintenance Capex is calculated with the following formula:
Maintenance Capex = Capital Expenditure - Growth Capex
Owner Earnings:
Owner Earnings are calculated with the following formula:
Owner Earnings = Operating Cash Flow + Maintenance Capex
Owner Earnings Per Share:
Owner Earnings Per Share are calculated with the following formula:
Owner Earnings Per Share = Owner Earnings / weightedAverageShsOutDil