INVESTLB / INDEPENDENT PERSPECTIVES

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IN FOCUSКачество прибыли компании

Quality of Earnings Explained: Cash Conversion, One-Off Gains and Accounting Red Flags

Viktor Pul↗
PERSPECTIVES. FACTS. CONTEXT.

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Качество прибыли компании
INVESTLB

Quality of Earnings Explained: Cash Conversion, One-Off Gains and Accounting Red Flags

Learn how to assess earnings quality using cash flow, receivables, one-off gains and adjusted EBITDA, with examples and a practical 10-K review checklist.

Viktor Pul · 15.10.2026 · 42 min
Московская Неделя Трейдинга - Moscow Trading Week
INVESTLB

Moscow Trading Week 2026: Moscow to Explore the Future of Investing, Artificial Intelligence and the Changing Rules of Financial Markets

Moscow Trading Week 2026 takes place November 17–19. Explore investment strategies, AI, digital assets and the future of global financial markets.

Мax Kuznetsov · 12.10.2026 · 8 min
Разводнение акций: допэмиссия, SPO, опционы и diluted EPS простыми словами
INVESTLB

Dilution Explained: Share Issuance, Stock Options, Convertible Debt and Diluted EPS

Learn how new shares, options, RSUs and convertible debt dilute shareholders. Calculate ownership, read diluted EPS and assess the impact on value per share.

Viktor Pul · 11.10.2026 · 48 min
Обратный выкуп акций: как buyback влияет на цену, EPS и доходность инвестора
INVESTLB

Stock Buybacks Explained: When Repurchases Create Shareholder Value and When They Hide Dilution

A practical guide to stock buybacks: how share repurchases work, when they create shareholder value, how they affect EPS, free cash flow, debt, dividends and dilution, and when buybacks can hide weak fundamentals.

Viktor Pul · 03.10.2026 · 46 min
Долговая нагрузка компании: Net Debt/EBITDA
INVESTLB

How to Analyze Corporate Debt Before Buying a Stock: Net Debt/EBITDA, Interest Coverage, Maturity Wall and Refinancing Risk

A practical guide to corporate debt analysis before buying a stock: total debt, net debt, Net Debt/EBITDA, interest coverage, debt maturity wall, refinancing risk, covenants, credit ratings, free cash flow and dividend safety.

Мax Kuznetsov · 22.09.2026 · 34 min
ROIC и WACC
INVESTLB

ROIC vs WACC: How to Tell Whether a Company Creates Shareholder Value

A practical guide to ROIC and WACC: how to measure return on invested capital, cost of capital, economic profit, capital allocation quality and whether growth creates shareholder value.

Irina Rybkina · 18.09.2026 · 38 min
The Trends 6
INVESTLB

The Trends VI to Bring More Than 10,000 Participants to Moscow Around Technology, Investment, and the New Economy

From November 17 to 19, 2026, VDNH will host The Trends VI, the sixth international forum and exhibition dedicated to investment, technology, and the transformation of key industries. In the new season, the organizers are changing the event model: instead of traditional industry-focused tracks, The Trends brand will bring together a series of independent professional

Мax Kuznetsov · 11.09.2026 · 6 min
Ловушка стоимости: почему низкий P/E не всегда означает дешевую акцию
INVESTLB

Value Trap: Why Cheap Stocks With Low P/E Can Still Lose Money and How to Check a Company Before Buying

A practical guide to value traps: why low P/E, low EV/EBITDA, low P/B and high dividend yield can mislead investors, how to check earnings quality, free cash flow, debt, cyclicality, governance and catalysts before buying cheap stocks.

Irina Rybkina · 31.08.2026 · 27 min
Фундаментальный анализ акций: P/E, EV/EBITDA, ROE, FCF и долг
INVESTLB

How to Analyze Stocks: Financial Statements, P/E, EV/EBITDA, ROE, Free Cash Flow, Debt, and Valuation Mistakes

A practical guide to stock fundamental analysis: financial statements, revenue, earnings, cash flow, debt, P/E, EV/EBITDA, ROE, FCF, dividends, valuation risks, and common investor mistakes.

Мax Kuznetsov · 23.08.2026 · 30 min
как выбрать дивидендные акции
INVESTLB

How to Choose Dividend Stocks: Dividend Yield, Payout Ratio, Free Cash Flow, Debt, Taxes, and Common Investor Mistakes

A practical guide to choosing dividend stocks: dividend yield, payout ratio, free cash flow, debt, dividend safety, taxes, valuation, yield traps, and common investor mistakes.

Viktor Pul · 16.08.2026 · 33 min

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