Highlighted Top Ideas KBH – KB Home MTOR – Meritor, Inc. NAV – Navistar International Corporation Other Recent Analyses LEN – Lennar Corporation SVU – SUPERVALU Inc....
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February 28, 2018
Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights Top Highlight: Cirrus Logic, Inc. (CRUS) Other Highlights: CNX, GILD, MCD Other Recent Analyses: BA, BABA, CAT, GE, ICHR, MO, NOV, NOVN:CHE, SUM, THC, TMO, TWTR, UNH, V, ZG...
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February 28, 2018
Planet Fitness (PLNT:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 15.6x Uniform P/E, implying bearish expectations for the firm. However, management is confident about their technology and franchise agreements, implying longer-term outperformance is likely, particularly in light of the firm’s robust profitability and franchising growth strategy...
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February 27, 2018
Friday and Saturday, March 2 and March 3, 2018
8:00 am – 5:00 pm PHT
PICC Summit Hall,
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Pasay, Metro Manila... -
February 27, 2018
Garmin Ltd (GRMN:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.3x Uniform P/E. However, even at these levels, the market is pricing in fairly bearish expectations for the firm, which may be unwarranted given management’s confidence about their fenix series and gross margin outlook. As such, outperformance is likely justified...
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February 26, 2018
Ichor Holdings, Ltd. (ICHR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 9.2x Uniform P/E, implying bearish expectations for the firm. As such, while management’s negative sentiment suggests the potential for near-term headwinds, longer-term upside remains warranted...
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February 26, 2018
Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals. This week, we focus on V.F. Corporation (VFC), Citrix Systems, Inc. (CTXS), Adobe Systems Incorporated (ADBE)...
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February 23, 2018
Gilead Sciences, Inc. (GILD:USA) currently trades near historical lows relative toUAFRS-based (Uniform) Earnings, with a 9.3x Uniform P/E, implying bearish expectations for the firm. However, management is confident about market share, financial strength, and Yescarta, supporting longer-term upside...
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February 23, 2018
This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis. Pessimistic market outlook for growth and ROA’, with favorable management alignment, strong strategic positioning and accelerating operational execution points to equity upside...
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February 22, 2018
Inflation will be a headwind to multiples, but earnings growth can be a tailwind
In the last month’s Market Phase Cycle, we highlighted inflation as a key risk that investors would be focused on as we moved through 2018....
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February 22, 2018
Highlighted Top Ideas
FND – Floor & Decor Holdings, Inc.
GOGO – Gogo Inc.
MTW – The Manitowoc Company, Inc.Other Recent Analyses
DOOR – Masonite International Corporation
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HL – Hecla Mining Company... -
February 21, 2018
Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights Top Highlight: AKSteel Holding Corporation (AKS) Other Highlights: CCI, NYT, X Other Recent Analyses: AMD, AMZN, BWA, CTXS, DLX, FCX, HUN, KBH, MTOR, TLRD, URI, WRK...
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February 21, 2018
McDonald’s Corporation (MCD:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 29.9x Uniform P/E, implying bullish expectations for the firm. Moreover, management is confident about their mobile app, demand, and cost savings...
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