CC – Traded Base Case iCDS 135bps
Negative Case iCDS 186bps, 2027 5.375% Bond YTW of 3.660%, iYTW of 2.480%
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreCC – Traded Base Case iCDS 135bps
Negative Case iCDS 186bps, 2027 5.375% Bond YTW of 3.660%, iYTW of 2.480%
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreCintas Corporation (CTAS) currently trades above corporate and historical averages relative to Uniform earnings, with a 38.8x Uniform P/E (Fwd. V/E’)....
Read MoreHES – Trade CDS 92bps, Base Case iCDS 30bps
Negative Case iCDS 41bps, 2027 4.300% Bond YTW of 2.151%, iYTW of 1.371%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreSnap Inc. (SNAP) currently trades above corporate averages relative to Uniform earnings, with an 88.8x Uniform P/E (Fwd. V/E’)...
Read MoreCPE – No Trade CDS, Base Case iCDS 128bps
Negative Case iCDS 186, 2026 6.375% Bond YTW of 7.399%, iYTW of 2.429%
B3 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens
Moderate Refinancing Need...
Read MorePaychex, Inc. (PAYX) currently trades at a historical high and above corporate averages relative to Uniform earnings, with a 32.2x Uniform P/E (Fwd V/E’)...
Read MoreX – CDS 318bps, Base Case iCDS 83bps
Negative Case iCDS 109bps, 2029 6.875% Bond YTW of 4.720%, iYTW of 2.330%
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreEOG Resources, Inc. (EOG) currently trades below historical averages relative to Uniform assets, with a 1.2x Uniform P/B (V/A’)...
Read MoreFeatured Top Idea
F – Ford Motor Company
Trade: Buy 2025 9.000% Bonds CUSIP: 345370CW8 (2.707% YTW, 1.707% iYTW)
Trade: Buy 2025 7.125% Bonds CUSIP: 345370CW8 (2.891% YTW, 1.663% iYTW)
Trade: Buy 2026 4.346% Bonds CUSIP: 345370CR9 (2.845% YTW, 1.665% iYTW)...
UnitedHealth Group Incorporated (UNH) currently trades above historical and corporate averages relative to Uniform earnings, with a 24.7x 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: HLIT – Harmonic Other Highlights: EQIX, FDX, NKE...
Read MorePepsiCo, Inc. (PEP) currently trades above corporate and historical averages relative to Uniform earnings, with a 35.8x Uniform P/E (Fwd. V/E’)...
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