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The Latest from
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March 31, 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: BSX – Boston Scientific Corporation Other Highlights: BKNG, LDOS, VRSK...
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March 30, 2020
Yelp Inc. (YELP:USA) currently trades well below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 7.2x Uniform P/E, implying bearish expectations for the firm...
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March 27, 2020
Booking Holdings Inc. (BKNG:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 15.4x Uniform P/E. At these levels, the market has bearish expectations for the firm...
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March 26, 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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March 26, 2020
No Traded CDS, Base Case iCDS 495bps,
Negative Case iCDS 812bps, 2026 9.000% Bond YTW of 11.080%,
iYTW of 5.440%, B2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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March 26, 2020
Verisk Analytics, Inc. (VRSK:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 30.8x Uniform P/E. Even at these levels, the market has somewhat bearish expectations...
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March 25, 2020
Highlighted Top Ideas: AXL – American Axle & Manufacturing Holdings, Inc., CLW – Clearwater Paper Corporation, UBER – Uber Technologies, Inc....
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March 25, 2020
Leidos Holdings, Inc. (LDOS:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 16.5x Uniform P/E, implying bearish expectations for the firm....
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March 25, 2020
CDS 469bps, Base Case iCDS 169bps,
Negative Case iCDS 366 bps, 2024 4.500% Bond YTW of 11.690%,
iYTW of 2.070%, Baa3 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need...
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