Copyright 2017.

The Warren Buffett Spreadsheet

Simple checklist for quality stocks

Stock:
Price
Date

Yellow= Most important criteria's to be fulfilled.

Positive signs:

Is the product or service useful and important for the costumer?

Is it a simple business with a moat?
Will we use this product or service in 20 years?
Shareholder yield more than 5%?
10y ROTC AVG more than 15%?
5y cum Operating cash flow larger than 5y cum net income?
FCF/Sales 10y avg larger than 10%
CROIC 10y avg larger than 12%?
P/E less than 10?
P/FCF less than 10?
EV/Operating income less than 10?
EV/EBIT less than 10?
Interest coverage at least 10?
Insider ownership larger than 3%?
Insider buying recently?
Sales growth more than 0%?
Operating margins 10y avg larger than 10%
Increasing margins past 5 years?
Less than 1 bill/milliard market cap?
At least 8/10 years with positive free cash flow?
10/10 years with positive EPS?
30% or less use of operating cash flow of capex?
F-Score larger than 3?
M-scoreless than -2.22?
Sloan Ratio between -10% and +10%?
Short interest less than 5%?
Decrease in short interest in the past months?
Debt reduction last year?
More gurus buys than guru sells recently?
Z-score more than 3?
Less than 3 years to pay down long term debt with net income?
Less than 5 years to pay down long term debt with free cash flow?
Less than 50% institutional ownership in the stock?
Long term technical indicators on 4-traders.com?
Consensus view on 4-traders.com?

Sum points of 32 possible

Negative signs:

Z-score below 3?
F-score below 3?
Declining EPS last 3 years?
Declining sales last 3 years?
Declining margins last 3 years?
Increase in debt last 3 years?
increase in shares outstanding last 3 years?
M-score larger than -2.22?
Sloan ratio less than -10% or larger than +20%?
Interest coverage below 10?
Short interest above 5%?
Insiders selling recently?
Net income larger than operating cash flow last year?

Sum points of 13 possible

My intrinsic value calculation:

 BBBY
22.5
10/13/2017

Numbers at the date of analysis

4.44%
✘
20%
✘

7%
✘
18%
✘
6.06
✘
5.71
✘
3.97
✘
4.43
✘
13.52
1.58%

✘
12.20%

✘
10
✘
10
35%
✘
6
✘
-2.57
2.21%
13%
✘
2.20%
✘
5.3
✘
2.33
✘
2.22

Bearish
Hold

19

60