TPR – CDS 113bps, Base Case iCDS 81bps
Negative Case iCDS 94bps, 2027 4.125% Bond YTW of 2.357%, iYTW of 2.047%
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreTPR – CDS 113bps, Base Case iCDS 81bps
Negative Case iCDS 94bps, 2027 4.125% Bond YTW of 2.357%, iYTW of 2.047%
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreAmphenol Corporation (APH) currently trades above corporate and historical averages relative to Uniform earnings, with a 32.1x Uniform P/E (Fwd. V/E’)....
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: EBAY – eBay Inc. Other Highlights: ABT, CSL, UNP...
Read MoreNetflix, Inc. (NFLX) currently trades near corporate and recent averages relative to Uniform earnings, with a 44.8x Uniform P/E (Fwd. V/E’)....
Read MoreKTOS – No CDS, Base Case iCDS 101bps
Negative Case iCDS 138bps, 2025 6.500% Bond YTW of 3.310%, iYTW of 2.280%
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreSKT – No Traded CDS, Base Case iCDS 288bps
Negative Case iCDS 355bps, 2026 3.125% Bond YTW of 2.287%
iYTW of 4.117%, Baa3 Rating from Moody’s, HY1 (equivalent to Ba2) Rating from Valens
High Refinancing Need...
Read MoreCarlisle Companies (CSL) currently trades above historical and below corporate averages relative to Uniform earnings, with a 19.9x Uniform P/E (Fwd. V/E’)....
Read MoreUBER – CDS 258bps, Base Case iCDS 43bps
Negative Case iCDS 51bps, 2025 7.500% Bond YTW of 2.545%
iYTW of 1.665%, B3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need
...
Read MoreUnion Pacific Corporation (UNP) currently trades above historical and near corporate averages relative to Uniform earnings, with a 24.5x Uniform P/E (Fwd. V/E’)....
Read MoreAbbott Laboratories (ABT) currently trades above historical and near corporate averages relative to Uniform earnings, with a 26.5x Uniform P/E (Fwd. V/E’)....
Read MoreFeatured Top Idea
CPE – Callon Petroleum Company
Action: Trade: Buy 2024 6.125% Bonds, CUSIP: 13123XAT9 (.410% YTW, 1.970% iYTW)
Action: Trade: Buy 2026 6.375% Bonds, CUSIP: 13123XAZ5 (7.399% YTW, 2.429% iYTW)...
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: NVT – nVent Electric plc Other Highlights: PAYX, SNAP, UNH...
Read More