Analysis

The Latest from Equities News


September 18, 2019
LUV – Market expectations are for Uniform ROA to compress, and management may be concerned about capacity, MAX groundings, and costs

Southwest Airlines (LUV:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.6x Uniform P/E.

September 18, 2019
Valens Equity Weekly Insights and Inflections for September 18, 2019

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: V – Visa, Inc. Other Highlights: FLS, IRM, VAR

September 17, 2019
ATVI – Market expectations are for continued ROA compression, and management may be concerned about growth, ad revenue, and active users

Activision Blizzard, Inc. (ATVI:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 23.8x Uniform P/E

September 16, 2019
FLS – Market expectations are for a recovery in Uniform ROA, but management may be concerned about free cash flow, international growth, and debt

Flowserve Corporation (FLS:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 23.6x Uniform P/E, implying bullish expectations for the firm

September 16, 2019
Valens Research – UAFRS vs As Reported Weekly Highlights – September 11, 2019

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

September 13, 2019
Valens Research Weekly Equity Idea Highlight for September 11, 2019 – First Solar, Inc

This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. FSLR is starting to see light at the end of the Series 6 tunnel, but the market is not yet recognizing management’s execution, spelling material upside potential

September 13, 2019
IRM – Market expectations are for stable Uniform ROA, but management may be concerned about revenue, organic growth, and their business model

Iron Mountain Incorporated (IRM:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 24.6x Uniform P/E

September 11, 2019
V – Market expectations are for Uniform ROA to expand to new peaks, but management may be concerned about marketing, VisaNet, and Payworks

Visa Inc. (V:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 30.4x Uniform P/E, implying bullish expectations for the firm

September 11, 2019
Valens Equity Weekly Insights and Inflections for September 11, 2019

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: HCA – HCA Healthcare, Inc. Other Highlights: PTC, SYY, UPS

September 10, 2019
VAR – Market expectations are for Uniform ROA expansion, and management is confident about their acquisitions, growth, and long-term outlook

Varian Medical Systems, Inc. (VAR:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 21.6x Uniform P/E

September 9, 2019
PTC – Market expectations are for record Uniform ROA, but management may be concerned about growth, guidance, and their strategy

PTC Inc. (PTC:USA) currently trades well above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 33.8x Uniform P/E, implying bullish expectations for the firm

September 9, 2019
Valens Research – UAFRS vs As Reported Weekly Highlights – September 04, 2019

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

September 6, 2019
Valens Research Weekly Equity Idea Highlight for September 4, 2019 – Cognizant Technology Solutions Corporation

This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. The market does not appear to be cognizant of Cognizant’s strong sustained profitability, strategic vision

September 6, 2019
UPS – Market expectations are for Uniform ROA expansion, but management may be concerned about growth, EPS, and efficiency

United Parcel Service, Inc. (UPS:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 23.5x Uniform P/E

September 4, 2019
Valens Equity Weekly Insights and Inflections for September 4, 2019

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: TXN – Texas Instruments Incorporated Other Highlights: ALGN, ITW, UNP

September 4, 2019
HCA – Market expectations are for Uniform ROA compression, but management is confident about their strategy and momentum

HCA Healthcare, Inc. (HCA:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 14.8x Uniform P/E

September 3, 2019
ITW – Market expectations are for Uniform ROA expansion, but management has concerns about operating margins, capacity, and food retail growth

Illinois Tool Works Inc. (ITW:USA) trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 19.8x P/E

September 2, 2019
Valens Research – UAFRS vs As Reported Weekly Highlights – August 28, 2019

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

August 30, 2019
Valens Research Weekly Equity Idea Highlight for August 28, 2019 – Cirrus Logic, Inc.

This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. Cirrus appears to be making the right calls with strong management alignment, favorable fundamentals, smart strategic decisions

August 30, 2019
TXN – Market expectations are for Uniform ROA to hold steady, but management has concerns about revenue, inventory, and free cash flow

Texas Instruments Incorporated (TXN:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 20.7x Uniform P/E