Jump to content

Decomposing TSR

Recommended Posts

The book recommended here by many people, McKinsey's Valuation (6th edition), talks about in chapter 4 about decomposing total shareholder return into parts to see what drives performance. I found it very interesting and thought it would be useful in my own investing process. I'm struggling to make a working spreadsheet though.


Essentially I'd love to re-create what they have for Henkel and Reckitt Benckiser on page 60, exhibit 4.7. Does anyone happen to already have that built into a spreadsheet and be willing to share it, or would someone feel like reaching a helping on hand on how to calculate those different TRS effects?

Link to comment
Share on other sites

  • 3 weeks later...



There's a Google sheet for the two example companies, Reckitt-Benckiser and Henkel, that are mentioned in the McKinsey book. I'd be very happy if anyone had ideas (the sheet is open for commenting too) as to how those TSR decomposition tables below should be done/formulated so that one would get answers that make sense.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...