Public Service Enterprise Group Inc
SWB:PSE

Watchlist Manager
Public Service Enterprise Group Inc Logo
Public Service Enterprise Group Inc
SWB:PSE
Watchlist
Price: 66 EUR -1.49%
Market Cap: €32.9B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+134%
5Y
-8%
10Y
-24%
Investing Cash Flow
+
3Y
-213%
5Y
-14%
10Y
+20%
Financing Cash Flow
+
3Y
-
5Y
-36%
10Y
-

Cash Flow Statement
Public Service Enterprise Group Inc

Rotate your device to view
Cash Flow Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
764
563
156
188
235
856
1 253
1 256
1 160
750
741
778
726
740
534
543
661
579
870
991
739
865
931
1 063
1 335
1 454
1 029
1 179
1 188
1 184
1 645
1 477
1 592
1 639
1 552
1 631
1 564
1 599
1 698
1 425
1 503
1 470
1 358
1 411
1 275
1 102
1 224
1 267
1 243
1 309
1 188
1 242
1 518
1 718
1 851
1 846
1 679
1 564
1 406
1 294
887
530
452
520
1 574
2 018
2 178
2 195
1 438
1 580
1 464
1 455
1 693
1 441
1 739
1 911
1 905
2 105
1 477
(662)
(648)
(1 298)
(990)
688
1 031
2 320
2 780
2 805
2 563
1 808
1 651
2 032
1 772
1 829
1 980
2 082
Depreciation & Amortization
495
518
534
556
565
533
496
491
526
599
664
691
721
739
751
768
767
782
813
840
850
841
831
811
802
799
797
795
793
807
816
828
838
863
893
934
974
987
992
989
1 135
1 189
1 247
1 316
1 054
1 268
1 300
1 332
1 370
1 390
1 401
1 409
1 427
1 452
1 481
1 479
1 427
1 324
1 227
1 138
1 679
2 279
2 696
2 719
2 185
1 633
1 270
1 309
1 345
1 376
1 400
1 413
1 426
1 436
1 448
1 461
1 469
1 488
1 494
1 458
1 403
1 346
1 291
1 277
1 283
1 280
1 293
1 307
1 324
1 340
1 342
1 356
1 373
1 400
1 429
1 447
Change in Deffered Taxes
(116)
(85)
(297)
(269)
(117)
(114)
104
235
365
413
332
265
167
104
149
266
224
223
197
64
(255)
(271)
(120)
(205)
241
256
207
125
71
88
120
351
326
348
259
322
1 106
913
1 006
1 530
811
975
1 004
403
721
704
702
742
270
236
194
131
515
617
615
642
685
804
849
900
474
207
231
256
(167)
(6)
(45)
116
568
594
478
197
180
96
161
81
139
217
(170)
(856)
(817)
(1 253)
(997)
(328)
(264)
289
498
495
355
182
101
345
263
185
216
43
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17
0
0
0
22
0
0
0
21
0
0
0
27
0
0
0
29
0
0
0
23
0
0
0
25
0
0
0
32
0
0
0
32
0
0
0
34
0
0
0
29
0
0
0
31
0
0
0
30
0
0
0
33
0
0
0
35
0
0
0
28
0
0
0
29
0
0
0
18
0
0
0
40
0
0
0
Other Non-Cash Items
247
409
1 155
1 025
960
507
(73)
(56)
152
505
334
385
132
89
319
236
274
294
71
13
454
405
448
514
(124)
(117)
217
81
364
413
(323)
(420)
(519)
(711)
(152)
(295)
(130)
(22)
(247)
228
(345)
(140)
(474)
(501)
95
(66)
91
22
70
205
423
336
(130)
(449)
(554)
(482)
(162)
(325)
(110)
15
312
407
167
54
(182)
(242)
(123)
(125)
(130)
(211)
(50)
(52)
(189)
22
(256)
(580)
(617)
(703)
16
3 034
2 877
3 730
3 237
807
350
(1 364)
(2 000)
(2 044)
(1 753)
(846)
(630)
(1 231)
(765)
(697)
(763)
(692)
Cash Taxes Paid
87
198
(31)
567
145
173
145
(350)
(21)
(167)
(82)
(42)
104
104
121
111
103
127
198
313
386
446
410
534
678
726
912
1 083
952
828
1 111
1 147
1 364
1 379
1 396
1 384
1 070
1 054
482
50
(219)
(224)
(162)
(170)
121
121
145
234
241
253
399
303
538
698
426
546
447
(27)
539
(119)
245
464
(61)
503
8
84
90
88
99
27
22
66
41
103
25
186
297
286
195
461
425
450
893
437
353
425
91
98
144
76
98
74
68
135
(4)
46
Cash Interest Paid
713
793
781
345
843
835
843
1 210
975
975
1 040
978
852
844
827
912
793
755
733
685
773
765
763
741
715
678
633
612
557
544
532
526
500
503
473
455
444
450
476
486
479
478
417
418
402
400
399
396
385
382
383
380
382
377
385
378
381
373
362
368
365
376
378
374
377
373
393
408
454
472
505
507
539
539
571
578
568
572
559
564
547
567
544
583
602
635
673
687
683
707
711
747
799
853
866
925
Change in Working Capital
(221)
(326)
(614)
(422)
(408)
(254)
(499)
(722)
(709)
(461)
(327)
(199)
(141)
(363)
(417)
(559)
(977)
(676)
(767)
(429)
138
124
(178)
(151)
(333)
(376)
(489)
(206)
(71)
199
252
(142)
(382)
(601)
(966)
(739)
(1 350)
(1 343)
(410)
(938)
453
109
405
830
(358)
(432)
(565)
(452)
205
257
57
141
(170)
385
553
367
290
87
35
105
(41)
(130)
(201)
(265)
(149)
(198)
(142)
(476)
(308)
(348)
(188)
117
269
319
127
314
206
(131)
(330)
(1 211)
(1 079)
(1 344)
(1 498)
(1 185)
(897)
343
985
1 335
1 317
146
76
(26)
(510)
(196)
(345)
64
Cash from Operating Activities
1 169
N/A
1 079
-8%
934
-13%
1 078
+15%
1 235
+15%
1 528
+24%
1 281
-16%
1 204
-6%
1 494
+24%
1 806
+21%
1 744
-3%
1 920
+10%
1 605
-16%
1 309
-18%
1 336
+2%
1 254
-6%
949
-24%
1 202
+27%
1 184
-1%
1 479
+25%
1 926
+30%
1 964
+2%
1 912
-3%
2 032
+6%
1 921
-5%
2 016
+5%
1 761
-13%
1 974
+12%
2 345
+19%
2 691
+15%
2 510
-7%
2 094
-17%
1 855
-11%
1 538
-17%
1 586
+3%
1 853
+17%
2 164
+17%
2 134
-1%
3 039
+42%
3 234
+6%
3 557
+10%
3 603
+1%
3 540
-2%
3 459
-2%
2 787
-19%
2 576
-8%
2 752
+7%
2 911
+6%
3 158
+8%
3 397
+8%
3 263
-4%
3 259
0%
3 160
-3%
3 723
+18%
3 946
+6%
3 852
-2%
3 919
+2%
3 454
-12%
3 407
-1%
3 452
+1%
3 311
-4%
3 293
-1%
3 345
+2%
3 284
-2%
3 261
-1%
3 205
-2%
3 138
-2%
3 019
-4%
2 913
-4%
2 991
+3%
3 104
+4%
3 130
+1%
3 379
+8%
3 314
-2%
3 219
-3%
3 187
-1%
3 102
-3%
2 976
-4%
2 487
-16%
1 763
-29%
1 736
-2%
1 181
-32%
1 043
-12%
1 259
+21%
1 503
+19%
2 868
+91%
3 556
+24%
3 898
+10%
3 806
-2%
2 630
-31%
2 540
-3%
2 476
-3%
2 133
-14%
2 521
+18%
2 517
0%
2 944
+17%
Investing Cash Flow
Capital Expenditures
(2 029)
(2 064)
(1 906)
(1 657)
(1 620)
(1 544)
(1 392)
(1 347)
(1 397)
(1 317)
(1 315)
(1 251)
(1 247)
(1 209)
(1 148)
(1 111)
(1 053)
(1 096)
(1 046)
(1 050)
(1 015)
(1 050)
(1 201)
(1 240)
(1 348)
(1 396)
(1 428)
(1 612)
(1 771)
(1 850)
(1 848)
(1 766)
(1 794)
(1 819)
(1 889)
(2 079)
(2 160)
(2 230)
(2 251)
(2 122)
(2 083)
(2 273)
(2 361)
(2 573)
(2 574)
(2 611)
(2 700)
(2 707)
(2 811)
(2 696)
(2 634)
(2 631)
(2 820)
(2 958)
(3 334)
(3 680)
(3 863)
(4 181)
(4 091)
(4 066)
(4 199)
(4 196)
(4 209)
(4 260)
(4 190)
(4 181)
(4 214)
(4 172)
(3 912)
(3 654)
(3 511)
(3 267)
(3 166)
(3 091)
(2 976)
(2 875)
(2 923)
(2 836)
(2 812)
(2 877)
(2 719)
(2 772)
(2 707)
(2 761)
(2 888)
(2 941)
(3 041)
(3 160)
(3 325)
(3 383)
(3 515)
(3 367)
(3 380)
(3 211)
(3 161)
(3 121)
Other Items
(1 458)
(1 470)
(765)
(394)
(116)
(68)
27
(68)
(104)
(30)
225
189
491
476
381
654
653
623
1 182
991
772
807
468
461
1 357
1 376
996
1 751
996
1 172
1 565
1 031
1 002
874
552
610
491
724
664
722
814
453
426
80
(51)
(41)
35
45
10
(1)
(70)
(70)
(72)
(84)
(49)
(65)
(79)
(63)
(82)
(89)
(49)
(50)
(24)
(38)
(66)
(69)
(80)
(93)
(4)
(5)
0
105
21
38
20
234
247
260
776
473
475
2 335
1 787
1 801
1 787
(57)
290
328
367
354
64
76
74
72
79
118
Cash from Investing Activities
(3 487)
N/A
(3 534)
-1%
(2 671)
+24%
(2 051)
+23%
(1 736)
+15%
(1 612)
+7%
(1 365)
+15%
(1 415)
-4%
(1 501)
-6%
(1 347)
+10%
(1 090)
+19%
(1 062)
+3%
(756)
+29%
(733)
+3%
(767)
-5%
(457)
+40%
(400)
+12%
(473)
-18%
136
N/A
(59)
N/A
(243)
-312%
(243)
N/A
(733)
-202%
(779)
-6%
9
N/A
(20)
N/A
(432)
-2 060%
139
N/A
(775)
N/A
(678)
+13%
(283)
+58%
(735)
-160%
(792)
-8%
(945)
-19%
(1 337)
-41%
(1 469)
-10%
(1 669)
-14%
(1 506)
+10%
(1 587)
-5%
(1 400)
+12%
(1 269)
+9%
(1 820)
-43%
(1 935)
-6%
(2 493)
-29%
(2 625)
-5%
(2 652)
-1%
(2 665)
0%
(2 662)
+0%
(2 801)
-5%
(2 697)
+4%
(2 704)
0%
(2 701)
+0%
(2 892)
-7%
(3 042)
-5%
(3 383)
-11%
(3 745)
-11%
(3 942)
-5%
(4 244)
-8%
(4 173)
+2%
(4 155)
+0%
(4 248)
-2%
(4 246)
+0%
(4 233)
+0%
(4 298)
-2%
(4 256)
+1%
(4 250)
+0%
(4 294)
-1%
(4 265)
+1%
(3 916)
+8%
(3 659)
+7%
(3 511)
+4%
(3 162)
+10%
(3 145)
+1%
(3 053)
+3%
(2 956)
+3%
(2 641)
+11%
(2 676)
-1%
(2 576)
+4%
(2 036)
+21%
(2 404)
-18%
(2 244)
+7%
(437)
+81%
(920)
-111%
(960)
-4%
(1 101)
-15%
(2 998)
-172%
(2 751)
+8%
(2 832)
-3%
(2 958)
-4%
(3 029)
-2%
(3 451)
-14%
(3 291)
+5%
(3 306)
0%
(3 139)
+5%
(3 082)
+2%
(3 003)
+3%
Financing Cash Flow
Net Issuance of Common Stock
2 879
(283)
(55)
(34)
952
715
716
716
286
286
289
286
83
80
75
75
146
(9)
(11)
(7)
(120)
50
68
60
(577)
(610)
(725)
(751)
(92)
0
0
0
0
(80)
(80)
(80)
(80)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(500)
(500)
(500)
(500)
0
0
0
0
0
0
0
0
0
0
0
Net Issuance of Debt
23
3 229
1 930
607
(449)
(560)
(691)
75
595
117
(218)
(435)
(534)
(212)
(26)
36
(100)
(256)
(882)
(1 146)
(1 114)
(934)
(630)
(591)
(498)
(978)
(35)
(802)
(788)
(180)
(1 142)
(780)
(323)
(711)
256
668
258
699
(623)
(197)
(991)
(987)
(246)
(667)
159
346
121
228
546
331
637
491
453
509
299
312
855
1 240
1 695
1 768
1 875
1 475
1 597
1 772
1 829
1 954
1 820
2 067
1 874
1 607
1 395
1 077
749
1 511
1 119
1 348
1 033
688
317
2 593
2 199
1 904
3 840
126
831
874
(1 316)
(165)
(25)
1 600
1 758
2 203
2 494
1 626
1 921
1 482
Cash Paid for Dividends
(448)
(447)
(446)
(445)
(456)
(467)
(477)
(488)
(493)
(501)
(509)
(518)
(522)
(526)
(529)
(532)
(541)
(550)
(560)
(570)
(574)
(579)
(584)
(589)
(594)
(610)
(626)
(641)
(655)
(659)
(663)
(668)
(673)
(678)
(684)
(688)
(693)
(693)
(693)
(693)
(693)
(699)
(705)
(711)
(718)
(721)
(723)
(726)
(728)
(733)
(738)
(743)
(748)
(758)
(768)
(779)
(789)
(799)
(810)
(819)
(830)
(841)
(850)
(860)
(870)
(879)
(890)
(900)
(910)
(921)
(930)
(941)
(950)
(960)
(970)
(980)
(991)
(1 001)
(1 012)
(1 021)
(1 031)
(1 044)
(1 056)
(1 068)
(1 079)
(1 092)
(1 107)
(1 122)
(1 137)
(1 152)
(1 166)
(1 181)
(1 196)
(1 211)
(1 227)
(1 242)
Other
(65)
(59)
137
628
449
446
415
(80)
(86)
(112)
(84)
(31)
(56)
(55)
(51)
(84)
(47)
(38)
(40)
(31)
(27)
(7)
8
1
19
18
8
(71)
(94)
(100)
(101)
(10)
(38)
(44)
(77)
(82)
(50)
(46)
(34)
(34)
(50)
(66)
(48)
(50)
(58)
(60)
(86)
(83)
(61)
(63)
(52)
(51)
(64)
(79)
(67)
(72)
(51)
(67)
(68)
(67)
(79)
(80)
(77)
(70)
(74)
(91)
(95)
(95)
(77)
(56)
(54)
(54)
(56)
(66)
(60)
(71)
(72)
(88)
(79)
(70)
(369)
(303)
(305)
(299)
(6)
(40)
(31)
(97)
(98)
(79)
(133)
(79)
(70)
(91)
(59)
(49)
Cash from Financing Activities
2 389
N/A
2 440
+2%
1 566
-36%
756
-52%
496
-34%
134
-73%
(37)
N/A
223
N/A
302
+35%
(210)
N/A
(522)
-149%
(698)
-34%
(1 029)
-47%
(713)
+31%
(531)
+26%
(505)
+5%
(542)
-7%
(853)
-57%
(1 493)
-75%
(1 754)
-17%
(1 835)
-5%
(1 470)
+20%
(1 138)
+23%
(1 119)
+2%
(1 650)
-47%
(2 180)
-32%
(1 378)
+37%
(2 265)
-64%
(1 629)
+28%
(1 031)
+37%
(1 918)
-86%
(1 458)
+24%
(1 034)
+29%
(1 513)
-46%
(585)
+61%
(182)
+69%
(565)
-210%
(40)
+93%
(1 350)
-3 275%
(924)
+32%
(1 734)
-88%
(1 752)
-1%
(999)
+43%
(1 428)
-43%
(617)
+57%
(435)
+29%
(688)
-58%
(581)
+16%
(243)
+58%
(465)
-91%
(153)
+67%
(303)
-98%
(359)
-18%
(328)
+9%
(536)
-63%
(539)
-1%
15
N/A
374
+2 393%
817
+118%
882
+8%
966
+10%
554
-43%
670
+21%
842
+26%
885
+5%
984
+11%
835
-15%
1 072
+28%
887
-17%
630
-29%
411
-35%
82
-80%
(257)
N/A
485
N/A
89
-82%
297
+234%
(30)
N/A
(401)
-1 237%
(774)
-93%
1 502
N/A
799
-47%
57
-93%
1 979
+3 372%
(1 741)
N/A
(754)
+57%
(258)
+66%
(2 454)
-851%
(1 384)
+44%
(1 260)
+9%
369
N/A
459
+24%
943
+105%
1 228
+30%
324
-74%
635
+96%
191
-70%
Change in Cash
Effect of Foreign Exchange Rates
0
(4)
(2)
(1)
(13)
(9)
(11)
0
2
1
1
2
1
1
0
2
1
1
1
(2)
(1)
0
1
3
0
0
1
(2)
0
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Change in Cash
71
N/A
(19)
N/A
(173)
-811%
(218)
-26%
(18)
+92%
41
N/A
(132)
N/A
12
N/A
297
+2 375%
250
-16%
133
-47%
162
+22%
(179)
N/A
(136)
+24%
38
N/A
294
+674%
8
-97%
(123)
N/A
(172)
-40%
(336)
-95%
(153)
+54%
251
N/A
42
-83%
137
+226%
280
+104%
(184)
N/A
(48)
+74%
(154)
-221%
(59)
+62%
982
N/A
308
-69%
(99)
N/A
29
N/A
(920)
N/A
(336)
+63%
202
N/A
(70)
N/A
588
N/A
102
-83%
910
+792%
554
-39%
31
-94%
606
+1 855%
(462)
N/A
(455)
+2%
(511)
-12%
(601)
-18%
(332)
+45%
114
N/A
235
+106%
406
+73%
255
-37%
(91)
N/A
353
N/A
27
-92%
(432)
N/A
(8)
+98%
(416)
-5 100%
51
N/A
179
+251%
29
-84%
(399)
N/A
(218)
+45%
(172)
+21%
(110)
+36%
(61)
+45%
(321)
-426%
(174)
+46%
(116)
+33%
(38)
+67%
4
N/A
50
+1 150%
(23)
N/A
746
N/A
352
-53%
843
+139%
396
-53%
(1)
N/A
(323)
-32 200%
861
N/A
291
-66%
801
+175%
2 102
+162%
(1 442)
N/A
(352)
+76%
(388)
-10%
(1 649)
-325%
(318)
+81%
(412)
-30%
(30)
+93%
(452)
-1 407%
128
N/A
55
-57%
(294)
N/A
70
N/A
132
+89%
Free Cash Flow
Free Cash Flow
(860)
N/A
(985)
-15%
(972)
+1%
(579)
+40%
(385)
+34%
(16)
+96%
(111)
-594%
(143)
-29%
97
N/A
489
+404%
429
-12%
669
+56%
358
-46%
100
-72%
188
+88%
143
-24%
(104)
N/A
106
N/A
138
+30%
429
+211%
911
+112%
914
+0%
711
-22%
792
+11%
573
-28%
620
+8%
333
-46%
362
+9%
574
+59%
841
+47%
662
-21%
328
-50%
61
-81%
(281)
N/A
(303)
-8%
(226)
+25%
4
N/A
(96)
N/A
788
N/A
1 112
+41%
1 474
+33%
1 330
-10%
1 179
-11%
886
-25%
213
-76%
(35)
N/A
52
N/A
204
+292%
347
+70%
701
+102%
629
-10%
628
0%
340
-46%
765
+125%
612
-20%
172
-72%
56
-67%
(727)
N/A
(684)
+6%
(614)
+10%
(888)
-45%
(903)
-2%
(864)
+4%
(976)
-13%
(929)
+5%
(976)
-5%
(1 076)
-10%
(1 153)
-7%
(999)
+13%
(663)
+34%
(407)
+39%
(137)
+66%
213
N/A
223
+5%
243
+9%
312
+28%
179
-43%
140
-22%
(325)
N/A
(1 114)
-243%
(983)
+12%
(1 591)
-62%
(1 664)
-5%
(1 502)
+10%
(1 385)
+8%
(73)
+95%
515
N/A
738
+43%
481
-35%
(753)
N/A
(975)
-29%
(891)
+9%
(1 247)
-40%
(690)
+45%
(644)
+7%
(177)
+73%

See Also

Summary
PSE intrinsic value, competitors valuation, and company profile.
DCF Valuation
PSE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PSE stock valuation using valuation multiples.
Wall Street Estimates
PSE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PSE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 312,500+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.