L2 Formula thread - No explanations required.

CFA Level II
#21

if you are using this thread as your bible come test day, sabatoge or not, youre failing

#22

CFAT = NOI - Debt Service - Taxable Payable ERAT= selling price - selling cost - mortgage balance - taxes on sale

#23

Justified D/Y : r-g / 1+g

#24

Guys, stick to posting factual formulas and only point out incorrect ones. Instrinic P/E = Tangible PE + Franchise PE Tangible P/E = 1/r Franchise P/E = Franchise factor + Growth factor Franchise factor = (ROE - r) / r*ROE Growth Fator = g/r-g Justified leading pe = (1-b) / (r-g) = dividend payout ratio / (r-g) Justified trailing PE = (1-b)(1+g) / (r-g)

#25

GDP Market Prices - Indirect Taxes + Subsidies = GDP at Factor Prices M-I+S

#26

Net operating assets = Total assets - cash and investment Net operating liability = Total liabilities - total debt

#27

DOL (degree of operating leverage) = % delta EBIT / % Delta Sales DFL (degree of financial leverage) = % delta EPS / % delta EBIT DTL = DOL x DFL Breakeven Q = Fixed cost / (Price - Variable cost) DOL = Q (P-V) / Q (P-C) - F

#28

Cash collections = revenue - increase in AR + increase in unearned revenue

#29

where is the quant formulaaaaaaaaaaaas???

#30

MSR/MSE = F-statistic

#31

Tax retention rate = 1 - (dividends declared/operating income after tax)

#32

NPPE1=NPPE0-D+FCInv RE1=RE0-D+NI EI=CFAT-ED RI=E-rB EP=EVA=NOPAT-$WACC, $WACC=WACC*IC, IC=BV(LTD+E)=FV(NFA+NWC) MVA=MV-IC not sure? EV=MV(CS+PS+D)+MI-$CASH GPPE1-GPPE0=NPPE1-NPPE0+D CAPEX=NPPE1-NPPE0+D-SalT Net CAPEX=CAPEX-D FCInv=GPPE1-GPPE0

#33

Hi, can some one pls provide/share a consolidated formula sheet for CFA L2 Also, I have been searching this forum for a good an hour and finally manged to get this thread.

#34

Anyone?

#35

1 + 1 = 2

#36

Price to earnings: Price per share over…er, uhm… divided by… [think] divided by… OH GOD I’M DOOMED CRAP CRAP CRAP SOMEONE HELP ME Lulz, I kid! Trailing P/E = [D0/E0 x (1+g)] / r - g Leading P/E = D0/E0 / r - g

#37

Let me get this right Supersadface. Are you saying we need to know what EPS is “conceptually”?

#38

soddy1979 Wrote: ------------------------------------------------------- > Let me get this right Supersadface. > > Are you saying we need to know what EPS is > “conceptually”? Soddy- It’s a possibility, but I wouldn’t worry about it. -SSF Side note: I’m going to sit down at my testing center pre-exam and turn to the person next to me and say “EXCUSE ME, HOW DO I DISCOUNT A CASH FLOW ON THIS THING” and wave a GameBoy at them. A little exam-day levity never hurt.

#39

supersadface Wrote: ------------------------------------------------------- > soddy1979 Wrote: > -------------------------------------------------- > ----- > > Let me get this right Supersadface. > > > > Are you saying we need to know what EPS is > > “conceptually”? > > > Soddy- > It’s a possibility, but I wouldn’t worry about > it. > -SSF > > Side note: I’m going to sit down at my testing > center pre-exam and turn to the person next to me > and say “EXCUSE ME, HOW DO I DISCOUNT A CASH FLOW > ON THIS THING” and wave a GameBoy at them. A > little exam-day levity never hurt. LOL!