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The Latest from
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May 1, 2019
Baozun Inc. (BZUN:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 29.4x Uniform P/E. However, even at these levels, the market has bearish expectations for the firm, while management is confident in their same-store sales growth and ability to serve domestic brands...
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April 30, 2019
NIKE, Inc. (NKE:USA) currently trades at historical peaks relative to UAFRS-based (Uniform) Earnings, with a 29.9x Uniform P/E, implying bullish expectations for the firm, and management is confident in the Nike App retail sales, NikePlus membership product customization, and Express Lane initiative...
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April 29, 2019
S&P Global Inc. (SPGI:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings with a 31.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is confident in the potential of their Chinese subsidiary, free cash flow and EPS growth, and data quality...
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April 29, 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.
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The Kraft Heinz Company (KHC), Herbalife Nutrition Ltd.(HLF), New Media Investment Group Inc. (NEWM)... -
April 26, 2019
Deere & Company (DE:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 16.7x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about the sustainability of equipment demand, their agriculture and turf margin forecast, and their financing segment offerings...
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April 26, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. MasTec is building a high visibility, strong return business, and management is confident about their outlook and strategy, even while markets have a far less constructive outlook, warranting equity upside...
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April 25, 2019
The Home Depot, Inc. (HD:USA) near recent averages relative to UAFRS-based (Uniform) Earnings, with a 22.4x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about comp sales growth, their Pro customer experience, and B2B website...
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April 25, 2019
Highlighted Top Ideas BZH – Beazer Homes USA, Inc., DF – Dean Foods Company, DNR – Denbury Resources Inc....
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April 24, 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: Constellation Brands, Inc. Other Highlights: LOW, VMC, ZM Other Recent Analyses: ACN, BMRN, CELG, DUK, ORCL, PD, PINS, QCOM, RECN, STZ, TMUS ...
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April 24, 2019
Tesla, Inc. (TSLA:USA) currently trades near historical lows relative to UAFRS-based (Uniform) Assets, with a 2.9x Uniform P/B. At these levels, the market has somewhat muted expectations for the firm, while management has concerns about Chinese distribution, Gigafactory production, customer satisfaction, and their ability to price the Model 3...
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