Planet Fitness (PLNT:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 34.7x Uniform P/E. However, even at these levels, the market is pricing in expectations for Uniform ROA to remain relatively flat, with lower-than-average Uniform Asset growth. Although negative management sentiment suggests the potential for near-term headwinds, market expectations are too muted in the context of the firm’s historical performance and strong fundamental tailwinds, suggesting long-term equity upside remains warranted...
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March 22, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. EBAY is a winning investment with robust returns, strong economic moats, and management that is properly aligned and showing more confidence that imply low market expectations are too pessimistic...
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March 21, 2019
Highlighted Top Ideas BHC – Bausch Health Companies Inc. GT – The Goodyear Tire & Rubber Company TMUS – T-Mobile US, Inc. Other Recent Analyses TDG – TransDigm Group Incorporated CCI – Crown Castle International Corp....
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March 20, 2019
Each week, the Valens Research team highlights our most interesting insights from across our tools and our analysis, including individual company, industry, and macro insights. Top Highlight: Air Products and Chemicals, Inc. Other Highlights: EA, LLY, THRM Other Recent Analyses: ADM, APTV, BMY, CAH, CCK, CL, CSCO, CVX, DIS, DWDP, FSLR, GD, GRMN, HCP, IRM, NSC, QGEN, SYY, TDG, TWTR, ZAYO...
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March 20, 2019
MasTec, Inc. (MTZ:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.5x Uniform P/E. However, even at these levels, the market is pricing in bearish expectations for the firm, but management is confident in their 5G and Oil & Gas outlook, capital structure, and Communications and Power Generation segment growth opportunities...
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March 19, 2019
Zoetis Inc. (ZTS:USA) currently trades at historical highs relative to UAFRS-based Earnings, with a 27.8x Uniform P/E, implying somewhat bullish expectations for the firm. However, management appears concerned about their dermatology portfolio growth, R&D and SG&A expenses, and international market share...
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March 18, 2019
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 Fidelity National Information Services, Inc. (FIS), Mylan N.V. (MYL), Magellan Health, Inc. (MGLN)...
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March 18, 2019
Eli Lilly and Company (LLY:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 24.2x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, but management generated an excitement marker when discussing their product launches, and is confident about their R&D pipeline...
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March 15, 2019
Summary Headlines – Inside This Month
- We are in the seventh inning of this bull market, and there is still a lot of “baseball” left to play
- Profits and profitability continue to rise to alltime highs across US corporations (UAFRSadjusted, accurate calculations)
- US firms likely to use profits to increase capital investments in 2019...
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March 15, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. FSLR is starting to see light at the end of the Series 6 tunnel, but the market is not yet recognizing management’s growing optimism for their outlook, spelling material upside potential...
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March 13, 2019
Electronic Arts Inc. (EA:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 22.3x Uniform P/E. At these levels, the market has somewhat bullish expectations for the firm, and management is excited about future growth potential, generating content for communities, and Battlefield and mobile franchises, and is confident about their Apex Legends release, Apex Legends monetization strategies, and sports game revenue growth...
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