Using Bloomberg to get the Data you need

Transcription

1 Using Bloomberg to get the Data you need 1

2 Contents of Package 1. Getting information on your company Pages Getting information on comparable companies Pages Getting macro economic information Pages

3 Using Bloomberg to get information on your company To get all other information Equity 1. Finding Securities 1. Ticker Symbol Look Up Enter the name of your company Choose the listing for your company that you are interested in To get ratings information Corp Bond 1. Finding Securities Ticker Symbol Look Up Enter the name of your company Choose the listing for your company that you are interested in Pick a long term bond for the company Issue/Issuer Information Description 2. Company Information /Description Fundamentals and Earnings Analysis Historical Prices Risk and Volatilitiy 1. Description (DES) 1. Financial Analysis (FA) 13. Earnings Estimates (EE) Px Table w/ Avg Vol (HP) Beta Calculation (BETA) Historical Volatility (HVT) 25. Print Complete report 3) Zacks Change defaults: Period to M Starting point: 5 years ago Leave ending point as is Shadow: Indicates menu choices on Bloomberg Regular font: Indicates input that you have to provide or change 3

4 WHERE TO FIND THE DATA This is a listing of all of the financial data that you will need to analyze your company and where exactly on the Bloomberg output you will find the data. Once you have identified what you would like to look up, use the item number and go to the specified page number on Bloomberg to look it up. Item Input In Bloomberg Page Number Used in this spreadsheet 1 Beta Equity: Beta Calculation 29 Capstr, Dividend, Valuation 2 Current EPS Equity: Description 8 Valuation 3 Payout Ratio Equity: Description 10 Valuation 4 Total Debt Equity: Description 16 Capstr, Dividend, Valuation 5 Book Value of Equity Equity: Description 16 CapStr, Valuation 6 Number of Shares Outstanding Equity: Description 8 CapStr, Valuation 7 Tax Rate Equity: Description 10 CapStr, Valuation 8 Non-Cash Working Capital Equity: Description 16 Valuation 9 Capital Expenditures Equity: Description 17 CapStr, Valuation 10 Depreciation Equity: Description 17 CapStr, Valuation 11 EPS - 5 years ago Financial Analysis 12 Valuation 12 Analyst Projection for Growth Equity: Earnings Estimates 26 Valuation 13 Interest Expenses Equity: Description 15 CapStr, Valuation 14 Net Sales/ Revenues Equity: Description 15 Valuation 15 Current Price Equity: Description 8 Risk, CapStr, Valuation 4

5 16 EBIT/Operating Income Equity: Description 15 CapStr 17 Bond Rating Corp Bond: Description 30 CapStr 18 Past 10 years Net Income Equity: Financial Analysis 25 Dividends 19 Past 10 years Depreciation Equity: Financial Analysis 25 Dividends 20 Past 10 years Chg in non-cash Work. Cap. Equity: Financial Analysis 25 Dividends 21 Past 10 years Dividends Equity: Financial Analysis 25 Dividends 22 Past 10 years Equity Buybacks Equity Financial Analysis 25 Dividends 23 Past 10 years Cap Ex Equity: Financial Analysis 25 Dividends 24 Average Debt Ratio 10 years Equity Financial Analysis 21 Dividends 25 Past 10 years BV of Equity Equity Financial Analysis 24 Dividends 26 Return on Stock Equity: Financial Analysis 18 Dividends 27 Operating Income past 10 years Equity: Financial Analysis 22 DebtDesign 28 Stock Price: Last 60 months Equity: Px Table 27 Risk 29 Value of Firm: Last 10 years Equity:: Financial Analysis 21 Dividends 30 EBITDA for last 10 years Equity: Financial Analysis Alpha (Intercept) Beta Calculation R squared Beta Calculation Standard Error of Beta Beta Calculation 29 5

6 Instructions for Getting Bloomberg Data Pick Equity Choose 1. Finding Securities Choose Ticker Symbol Look up Enter the name of your company. You will get all of the equity listings that the company has. Choose the one that you are interested in. For instance, if you look up Nestle, you will get Nestle s local listings in Switzerland (Registered and Bearer Stock) as well as all of Nestle s ADR listings around the world. You might have to work through the listings by trial and error until you get the listing that has all of the financial information that you want. Once you are in equity screen for your company, Type HDS: Print page 1 off Choose Description (DES): Print all 10 pages off; Ignore beta on first page. Choose Financial Analysis (FA): Choose Print Full Report Choose Earnings Estimates (EE) Choose Zacks Print off first page If you do not have a beta, pick Beta Calculations (BETA) Using the tab button, you can change the period to M Using the tab button, you can change the range to a 5-year range Using the tab button, you can also change the market index. Go back to the main menu (out of equity). Pick Corp Bond. Enter the name of your company 6

7 You will get a list of corporate bonds issued by your company, if any. Choose a long term bond (preferable without special features like convertibility) from the list. Choose Description 7

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9 B15 Current B15 Price B6 Shares outstanding B2 Trailing 12-month EPS 8

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11 B3 Payout Ratio B7 Marginal tax rate Use 36% if < 36% Use 50% if > 50% 10

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13 Quarterly EPS for last 5 years 12

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16 Use most recent financial year for which data is available: B14 Revenues B16 Operating Income B13 Interest Expenses 15

17 B8 Non-cash Working Capital = (Inventories+Acc Rec) - (Acc Payable + Other ST Liabilities) =( )-( ) = 4943 As % of Revenue = 4943/42895 = 11.52% B4 Debt = ST Borrowings + LT Borrowings = = 4384 B5 Book Value of Equity 16

18 B10 Deprec & Amort B9 Capital Expenditure 17

19 B26 Past Stock Returns =% Change + Dividend Yield 18

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22 B29 Firm Value = Market Capitalization + ST Debt +LT Debt B30 Market Value- Last 10 years B24 Average Market D/E Ratio 21

23 B27 Operating Income: Last 10 years 22

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25 Book Value of Equity: Last 10 years 24

26 B19 Deprec & Amort: Last 10 years B18 Net Income: Last 10 years B21 Dividends Paid: Last 10 years B20 Change in WC (A negative sign indicates an increase in WC) B22 Net Stock Buybacks: Dec Capital Stock - Inc Capital Stock B23 Capital Expenditures: Last 10 years 25

27 B12 Analyst Estimate of expected growth 26

28 B28 Month-end Stock Prices 27

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30 B1 Regression Beta B32 Regression Intercept B33 R-squared B34 Std Error of Beta 29

31 B17 Bond Rating 30

32 DATA ON COMPARABLE COMPANIES I. Getting data on related companies Pick Equity Choose 1. Finding Securities Choose Ticker Symbol Look up Enter the name of your company Once you are in equity screen for your company, enter Fundamentals and Earnings Analysis Choose Relative Value (RV): You can modify the data that is printed out. 31

33 II. Using Bloomberg to get Sector Data or to Screen Stocks Start with this screen by typing ESRCH 32

34 Pick the industry group you want to analyze or collect data from Pick the market that you want to analyze 33

35 Pick the data you want in your dataset Warning: This is not the friendliest interface in the world. You will often find yourself building elaborate criteria for 20 minutes and then losing them all because you hit the menu button twice instead of once. I would suggest saving the criteria under Save Set as you go along and assigning the criteria set a name. I would also suggest adding the company name to your data set - the default is only the ticker symbols, which are tough to expand, and keeping your data sets manageable with 3-4 variables. 34

36 Getting Historical Macroeconomic Information Index Govts Economic Statistics 1. Find Securities CPI/PPI National Income 1. Ticker Symbol Look up CPI National Income & Production 19. GT: Generic U.S. Treas Note/ Bonds 15. CPI - All Items GDP in Billions of $ 4. Generic 10Y 2. CPI - All Items - % Change 4. GDP - U.S. Defl % Chg 10. Historical Prices 4. Px Table w/ Avg Daily Vol Px/Yield Change defaults: Period to M or Q Starting point and ending point Change defaults: Period to M or Q Starting point and ending point 35