CNC – Traded CDS 133bps, Base Case iCDS 82bps
Negative Case iCDS 97bps, 2027 4.250% Bond YTW of 3.549%, iYTW of 2.569%,
Ba1 Rating from Moody’s, IG3 (equivalent to A2) Rating from Valens
Low Refinancing Need...
Read MoreCNC – Traded CDS 133bps, Base Case iCDS 82bps
Negative Case iCDS 97bps, 2027 4.250% Bond YTW of 3.549%, iYTW of 2.569%,
Ba1 Rating from Moody’s, IG3 (equivalent to A2) Rating from Valens
Low Refinancing Need...
Read MoreAltria Group (MO) currently trades well below corporate and historical averages relative to Uniform earnings, with an 10.2x Uniform P/E (Fwd. V/E’)....
Read MoreMicron Technology, Inc. (MU) currently trades well below corporate and recent averages relative to Uniform earnings, with a 9.8x Uniform P/E (Fwd. V/E’)....
Read MoreFeatured Top Idea
MU – Micron Technology, Inc.
Trade: Buy 2027 4.185% Bonds CUSIP: 595112BP7 (2.737% YTW, 1.879% 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: CVS – CVS Health Corporation Other Highlights: MRVI, PG, WDAY...
Read MoreNetflix, Inc. (NFLX) currently trades near corporate but below recent averages relative to Uniform earnings, with a 28.6x Uniform P/E (Fwd. V/E’)....
Read MoreMTDR – No Traded CDS, Base Case iCDS 138bps
Negative Case iCDS 190bps, 2026 5.875% Bond YTW of 5.200%, iYTW of 3.070%
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreProcter & Gamble (PG) currently trades above corporate and historical averages relative to Uniform earnings, with a 30.9x Uniform P/E (Fwd. V/E’)...
Read MoreMU – No Traded CDS, Base Case iCDS 27bps
Negative Case iCDS 44bps, 2027 4.185% Bond YTW of 2.737%, iYTW of 2.049%
Baa3 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens
Low Refinancing Need...
Read MoreWorkday (WDAY) currently trades well above corporate and historical averages relative to Uniform earnings, with a 155.3x Uniform P/E (Fwd. V/E’)...
Read MoreIntercontinental Exchange (ICE) currently trades above corporate and recent historical averages relative to Uniform earnings, with a 28.0x Uniform P/E (Fwd. V/E’)....
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