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A finance director at a large niche pharmaceutical company told us: “We have a lot of manual processes and inputting and that type of stuff which I am trying to get away from. One workaround found in cumbersome financial reporting processes includes using old legacy Excel-based financialmodels.
A finance director at a large niche pharmaceutical company told us: “We have a lot of manual processes and inputting and that type of stuff which I am trying to get away from. One workaround found in cumbersome financial reporting processes includes using old legacy Excel-based financialmodels.
One reason is that valuation, at least as practiced, has become financialmodeling, where Excel ninjas pull numbers from financial statements, put them into spreadsheets and extrapolate based upon past trends.
One reason is that valuation, at least as practiced, has become financialmodeling, where Excel ninjas pull numbers from financial statements, put them into spreadsheets and extrapolate based upon past trends.
And I think that was part of how my changing, I, I had already realized from the tobacco companies that the magic of their financialmodel was the huge amount of free cash flow and that they were producing the gap earnings versus the analyst adjusted. What I didn’t do was look at free cash flow.
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