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The Latest from
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February 28, 2020
AMETEK, Inc. (AME:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 23.4x Uniform P/E. At these levels, the market has bullish expectations for the firm...
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February 27, 2020
The Gap, Inc. (GPS:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with an 18.9x Uniform P/E. At these levels, markets are pricing in bearish expectations, but management is confident about their margins, inventory levels, and online business...
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February 27, 2020
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.
Company Specific Highlights & Insights...
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February 26, 2020
Highlighted Top: FCX – Freeport-McMoRan Inc., HCA – HCA Healthcare, Inc., URI – United Rentals, Inc....
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February 26, 2020
L Brands, Inc. (LB:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 16.9x Uniform P/E...
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February 25, 2020
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: TRMB – Trimble Inc. Other Highlights: ISRG, MRK, PPL...
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February 25, 2020
– No Traded CDS, Base Case iCDS 443bps
– Negative Case iCDS 571bps, 2024 3.750% Bond YTW of 2.981%, iYTW of 5.841%
– Baa3 Rating from Moody’s, HY2 (equivalent to B2) Rating from Valens
– High Refinancing Need...
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February 25, 2020
General Mills, Inc. (GIS:USA) currently trades near corporate averages relative to Uniform Earnings, with a 21.5x Uniform P/E. At these levels, markets have bullish expectations for the firm...
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February 24, 2020
PPL Corporation (PPL:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 21.7x Uniform P/E. At these levels, the market is pricing in somewhat bearish expectations for the firm...
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February 22, 2020
Saturday, February 22, 2020
3:00 PM to 6:00 PM PHT
De La Salle University-Manila
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2401 Taft Ave
Malate, Manila...