Understand stocks. Calculate it yourself.
How do you value a company? Here I explain, step by step, how the methods of Graham, Lynch and Buffett work – with a worked example, the formula and no jargon. No tips, no buy recommendations: just the tools to make up your own mind.
ValuationCalculating fair value
Three ingredients, one formula: how free cash flow, growth and discounting turn into a fair value – with a calculation you can follow yourself.
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MetricsThe P/E ratio explained
One special item and the P/E ratio jumps. How to tell whether the number is telling the truth right now.
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ValuationThe margin of safety
Why you should never pay full price for an estimated value – and how big your cushion should be.
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MetricsFree cash flow
What a company really has left after all costs and investment – and why that is more honest than profit.
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ValuationDiscounting
Why a euro today is worth more than a euro in ten years – and how strongly the rate moves your fair value.
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MetricsValuing growth
A high P/E ratio need not be expensive. How to use Peter Lynch’s PEG to check whether growth justifies the price.
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MetricsEV/EBITDA
Market value shows only part of the price. How to compare companies with and without debt fairly.
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ValuationThe dividend model
What a share is worth if you only look at its dividends – and why one percentage point of growth matters so much.
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Banks & REITsValuing banks
Why cash flow models do not fit banks – and why a bank below book value is not automatically cheap.
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Banks & REITsValuing REITs
Why profit misleads for real estate companies – and how to value them properly with FFO instead.
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ValuationThe moat
What a company really earns for its owners – and what protects those profits from competition.
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QualitySpotting quality
Three questions that separate a strong company from a fragile one: margins, returns and debt.
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MetricsDividend traps
Why a very high dividend yield is often a warning sign – and how to check whether the dividend is earned.
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MetricsBuybacks and dilution
Why your piece of the company grows or shrinks when the number of shares changes.
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ValuationMr. Market
Benjamin Graham’s moody business partner – and why you don’t have to follow every one of his offers.
Read moreBy an ordinary person, for ordinary people.
I’m Gkratsian Dimitriou. I’m not a financial advisor and I never studied finance. I’ve been investing since 2022 – first in ETFs, then in individual stocks, making every mistake you can make along the way. I learned it from the books of Benjamin Graham and Peter Lynch and from a book about Warren Buffett. Delta Metron grew out of exactly that journey.
Read my storyRun it yourself for any stock.
Delta Metron does the calculation from these articles for more than 6,000 stocks – with three models for each type of company. The first 100 on the waitlist pay €5 instead of €10 a month at launch, for life.