SBC (stock based compensation) spreadsheet
In addition to my Substack newsletter, I also run a Stocktwits room where I post my current holdings, buys & sells, investment models, technical analysis and market commentary for both my Investment Portfolio (long term, strong fundamentals, 20-30 holdings) and my Trading Portfolio (short term, strong technicals, 0-10 holdings). The two options are $15/month for the monthly plan [click here] or $150/year for the annual plan [click here].
You can now signup for my new Substack called Jonah’s Trading Charts which is focused exclusively on the technicals — every day (usually pre-market) I’ll send out an email with my favorite trading charts/setups. You’ll also have access to my trading portfolio with current positions/sizes, entry/exit prices, profits/losses and much more. I’m also doing live charting and live trading 3-4 times per week.
I hope everyone had a great (long) holiday weekend. I spent 6+ hours yesterday putting together this SBC (stock based compensation) spreadsheet with 150+ companies, their LTM (last twelve months) of SBC, their LTM of revenues, # of employees and then how much SBC they are dishing out per employee as well as the % of SBC compared to LTM revenues and current market cap. I got all of the data from Tikr and Koyfin but then inputted it manually so of course there’s a chance I made some mistakes — if you see any, please let me know.
SBC has been getting more attention recently and rightfully so; it can be very dilutive to shareholders especially as stock prices are falling and the companies decide to give out more stock to make up for the lower values (ie declining stock prices).
As you scroll through the SBC spreadsheet you’re going to see some eye popping numbers, especially from software/cloud companies that historically give out the most stock to employees because they compete the hardest for talent (ie engineers & developers).