EBITDA Explained: Formula, Example, Adjusted EBITDA and the Cash Flow Trap
EBITDA strips out interest, taxes, depreciation and amortization—but it is not cash flow. Learn the formula, worked examples, adjusted EBITDA and the traps investors miss.
- September 14, 2026
- by Novalis
- 11 minutes read
- 114 Views
Gross Margin Explained: What It Reveals About Pricing Power, Costs and Business Quality
Gross margin shows how much revenue remains after direct costs, but the number means very different things across industries. This guide explains the formula, worked examples, margin expansion, pricing power.
- September 14, 2026
- by Novalis
- 10 minutes read
- 101 Views
Price-to-Sales Ratio Explained: When P/S Helps—and When It Hides a Bad Business
The price-to-sales ratio is popular when earnings are negative, especially in software and growth stocks. This guide explains the formula, margin math, enterprise-value alternatives and the traps that make low.
- September 14, 2026
- by Novalis
- 10 minutes read
- 95 Views
PEG Ratio Explained: When Growth Makes a High P/E Cheap—and When It Doesn’t
The PEG ratio tries to fix the biggest weakness of the P/E ratio by adding growth. This guide explains the formula, worked examples, fair-value logic, growth traps and when PEG.
- September 14, 2026
- by Novalis
- 13 minutes read
- 99 Views
Share Dilution Explained: How New Shares Change What You Really Own
Share dilution is easy to miss because your brokerage account still shows the same number of shares. This guide explains how new shares, stock-based compensation, warrants and convertibles change what.
- September 12, 2026
- by Novalis
- 12 minutes read
- 140 Views
ROIC Explained: Return on Invested Capital Formula, Example and What a Good ROIC Really Means
ROIC shows how efficiently a company turns invested capital into after-tax operating profit. Learn the ROIC formula, NOPAT, invested capital, worked examples and what a good ROIC really means.
- September 12, 2026
- by Novalis
- 13 minutes read
- 139 Views
WACC Explained: Formula, Example and Why a 1% Change Can Move a Stock’s Fair Value
WACC is the weighted average cost of capital used to discount company cash flows. Learn the formula, cost of equity, cost of debt, a worked example and why small changes.
- September 12, 2026
- by Novalis
- 12 minutes read
- 119 Views
Enterprise Value Explained: EV vs. Market Cap, Formula, Examples and What It Tells Investors
Enterprise value measures the total value of a company’s operating business, not just its equity. Learn the EV formula, EV vs. market cap, examples, pitfalls and how investors use it.
- September 11, 2026
- by Novalis
- 9 minutes read
- 150 Views
Kuaishou Stock at HK$31: Kling AI Revenue Triples While Profit Falls 30% — Is the Market Missing the AI Video Business?
Kuaishou Q2 revenue rose only 1.4%, but Kling AI revenue surpassed RMB850 million and grew more than 200%. We analyze whether Kuaishou stock is being valued too cheaply near HK$31.
- September 11, 2026
- by Novalis
- 11 minutes read
- 102 Views
Trip.com Stock Before Q2 Earnings: Down 49%, Hit by a $763 Million Antitrust Penalty — Is TCOM Finally Cheap?
Trip.com stock has fallen almost 49% in a year after a major antitrust penalty. With Q2 earnings due September 15 and international bookings still growing fast, is TCOM now undervalued?
