Korn/Ferry International (KFY:USA)currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 18.4x Uniform P/E. At these levels, the market is pricing in bearish expectations for the firm, which, despite the potential for near-term headwinds given management’s negative sentiment, likely supports longer-term outperformance should KFY just maintain profitability at projected 2018-2019 levels...
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June 22, 2018
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. Management’s smart strategic decisions, low market expectations, and sustained confidence about the business builds the case for equity upside...
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June 21, 2018
Marsh & McLennan Companies, Inc. (MMC:USA)currently trades near recent highs relative to UAFRS-based (Uniform) Earnings, with a 20.2x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about the Marsh business, revenue growth, and their cash position...
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June 21, 2018
Bullish sentiment and headline risk creates buying opportunities – use them
Equity markets rallied 6% from early-May to mid-June. Concerns about inflation, interest rates, geopolitical problems, and trade issues dropped to the background in the face of an earnings season that produced strong earnings and management confidence about corporate outlooks....
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June 21, 2018
Highlighted Top Ideas AKS – AK Steel Holding Corporation DLX – Deluxe Corporation FCX – Freeport-McMoRan Inc. Other Recent Analyses RIG – Transocean Ltd. AMD – Advanced Micro Devices, Inc....
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June 20, 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: SBA Communications Corp. Other Highlights: DE, SBUX, TMUS Other Recent Analyses: 2914:JPN, BZH, CHTR, CSTM, CTSH, D, ECL, FOXA, GM, HL, JD, LEN, NSC, RIG, URI, ZAGG...
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June 20, 2018
Coherent, Inc. (COHR:USA)currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 10.8x Uniform P/E, implying bearish expectations for the firm. Moreover, management has concerns about industry trends, growth, and margins...
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June 19, 2018
The Walt Disney Company (DIS:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.7x Uniform P/E. However, even at these levels, the market has fairly bullish expectations for the firm, and management is confident in Marvel, their digital properties, and their Parks business...
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June 18, 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 Monster Beverage Corporation (MNST), Nasdaq, Inc. (NDAQ), Raytheon Company (RTN)....
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June 18, 2018
Norfolk Southern Corporation (NSC:USA) currently trades at historical averages relative to UAFRS-based (Uniform) Earnings, with a 20.6x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management has concerns about net income, costs, and productivity...
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June 15, 2018
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. Pessimistic market outlook for growth and ROA’, controlling market position with huge addressable market opportunities and management confidence about their strategy spell equity upside...
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June 15, 2018
General Motors Company (GM:USA)currently trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 17.4x Uniform P/E, implying somewhat bullish expectations for the firm. However, management has concerns about margins, autonomous vehicles, and costs...
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