资源简介:
EVA (Economic Value Added) is an established standard in measuring, analyzing, projecting, valuing, and discounting a firm’s underlying economic profit rather than its accounting profit. The EVA platform allows investors to parse through thousands of companies globally with comparable accounting adjustments to drive informed investment decision making on a systematic basis. With coverage of approximately 21,000 public companies, this solution enables investors to measure, analyze, and value corporate performance and inform investing decisions. Founded in 2006 and acquired by ISS in 2018, EVA provides investment professionals insight to determine the quality and valuation of a portfolio company. The EVA Framework: a powerful platform & framework that converts accounting profits into economic profit • Superior to traditional measures of profit: EVA cuts through accounting distortions and charges for the use of capital • Consistent, transparent framework: EVA is comparable across companies, industries and countries • Style agnostic: provides an unbiased view of Quality, Value, and Growth investment opportunities • Leading indicators: EVA metrics are predictive of future stock prices EVA in the Investment Decision Process: • Screening and Idea Generation: narrow the universe of investible ideas to those that are likely to outperform using an objective investment framework that is effective regardless of investment style. • Single stock and multiple stock analysis: analyze the overall EVA profitability of a company, the choices management made to drive that EVA, and value the company with unique metrics. • Portfolio analysis: View a fund’s exposure to EVA relative to benchmark. EVA data is typically derived from company filings, as well as ongoing event-driven data updates as reflected in public disclosure, press releases and company web sites. In addition, ISS subscribes to a number of critical, paid data services that is also factored into the EVA analysis. Data is used by a broad range of institutional investors, asset managers, asset owners, fund managers, banks, government institutions, universities and research firms.