CDS 366bps, Base Case iCDS 351bps,
Negative Case iCDS 561bps, 2024 6.250% Bond YTW of 8.114%
iYTW of 4.314%, Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) rating from Valens
Low Refinancing Need...
Read MoreCDS 366bps, Base Case iCDS 351bps,
Negative Case iCDS 561bps, 2024 6.250% Bond YTW of 8.114%
iYTW of 4.314%, Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) rating from Valens
Low Refinancing Need...
Read MoreEach 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: GILD – Gilead Sciences Inc. Other Highlights: APH, GOOGL, INCY...
Read MoreBoston Scientific Corporation (BSX:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with an 18.2x Uniform P/E. At these levels, the market has bearish expectations for the firm,...
Read MoreIncyte Corporation (INCY:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 12.7x Uniform P/E, implying bearish expectations for the firm...
Read MoreGilead Sciences Inc. (GILD:USA) currently trades well below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 7.7x Uniform P/E. At these levels, the market is pricing in bearish expectations for the firm...
Read MoreSecurity Bank took its time before launching its first equity UITF. Other major Philippine banks had already enjoyed a five-year head start when Security Bank established its equity UITF in 2010,...
Read MoreEach 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...
Read MoreAmphenol Corporation (APH:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 19.7x Uniform P/E. At these levels, the market has bearish expectations for the firm...
Read MoreHighlighted Top Ideas: CVS – CVS Health Corporation, GM – General Motors Company, VGR – Vector Group Ltd....
Read MoreAlphabet, Inc (GOOGL:USA) currently trades below corporate averages relative to
UAFRS-based (Uniform) Earnings, with a 15.9x Uniform P/E, implying bearish expectations for the firm...
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: SNX – SYNNEX Corporation Other Highlights: IART, TMO, UAL...
Read MoreConstellation Brands, Inc. (STZ:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 14.4x Uniform P/E. At these levels, the market has bearish expectations for the firm...
Read More