Gennadiy Khayutin
Managing Director

Mr. Khayutin is the Managing Director of Research and Analytics for Transparent Value, LLC with responsibility for directing the Transparent Value’s India-based operations, as well as the firm’s investment research and development efforts.

Mr. Khayutin has more than 11 years of professional experience in the financial services business. Before joining Transparent Value in May of 2005, Mr. Khayutin was an Associate with Goldman Sachs & Co.’s Healthcare Group where he was responsible for structured-debt products for a variety of healthcare and higher education clients. Mr. Khayutin also helped raise more than $5 billion in M&A, derivative, and corporate financing deals, with an average transaction size of $200 million. While at Goldman, Mr. Khayutin was also a key player in the firm’s Fixed Income Electronic Commerce group. He participated in development of Goldman’s proprietary electronic bond trading platform and was responsible for marketing initiatives that led to a 175% increase in trading volume. He was also employed in the Commercial Mortgage-Backed Securities Group at Lehman Brothers and Healthcare Finance Group at B.C. Ziegler and Company.

Mr. Khayutin holds a Bachelor of Science in Finance and Information Systems from New York University.

RBP^®

The revenue growth necessary to support the current stock price. Required Business Performance^® is used as a benchmark against which to measure management’s ability to perform in the future. It is calculated using a reverse discounted cash flow valuation model that uses the current stock price as the primary input.

RBP^® Probability

The likelihood that management will deliver the Required Business Performance^® to support the stock price. It is calculated by fitting the company’s historical revenue growth to a distribution, then finding the company’s Required Business Performance within this historical distribution.
In the hypothetical example below, the company’s RBP^® Probability, represented by green, is 35% while its Behavioral Risk Indicator, represented by red, is 65%. RBP® Probability

Behavioral Risk Indicator

The likelihood that investors’ systematic behavioral biases have caused misalignment between the stock price and management’s ability to deliver. The Behavioral Risk Indicator is designed to capture the impact that human psychology has on the subjective valuation process used by investors. It is defined as one minus the RBP^® Probability.
In the hypothetical example below, the company’s RBP^® Probability, represented by green, is 35% while its Behavioral Risk Indicator, represented by red, is 65%.

RBP^® Methodology

A system of fundamental stock analysis that uses a reverse discounted cash flow valuation model to determine what the stock’s current price implies in terms of future free cash flow and revenue (Required Business Performance^® ) as well as the calculation of the likelihood that management can deliver the Required Business Performance^® , known as RBP^® Probability.

RBP^® Platform

The Transparent Value decision support tool consisting of an interactive database containing the proprietary data produced by Transparent Value. Included are the Required Business Performance^® (RBP^® ) values, RBP^® Probabilities and Behavioral Risk Indicators for more than 2,000 global stocks, the Transparent Value mutual fund rating system providing coverage of more than 3,000 funds, and also broad market indicators.

RBP^® Snapshot

Provides updated company-specific RBP^® information based on the company's most recent quarterly financial data. The RBP^® Snapshot consists of the RBP^® probability and RBP^® values for a particular company.

Gennadiy Khayutin Managing Director

Gennadiy Khayutin
Managing Director