Analysis

The Latest from Equities News


October 23, 2019
LCII – Market expectations are for significant declines in Uniform ROA, but management is confident about operating margins, acquisitions, and market conditions

LCI Industries (LCII:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 15.4x Uniform P/E. At these levels, the market has bearish expectations for the firm

October 22, 2019
WBT – Markets have expectations for Uniform ROA to fall significantly, but management is confident about net income, material costs, and their Crem business

Welbilt, Inc. (WBT:USA) currently trades slightly below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 19.3x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is confident about net income, material costs, and their Crem business

October 22, 2019
Valens Equity Weekly Insights and Inflections for October 22, 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: EXLS – ExlService Holdings Corporation Other Highlights: G, LPLA, VG

October 21, 2019
EXLS – Markets have expectations for Uniform ROA to fall significantly, but management is confident about their acquisitions, EBTIDA, and Analytics business

ExlService Holdings, Inc. (EXLS:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 21.2x Uniform P/E. At these levels, the market has bearish expectations for the firm

October 18, 2019
VG – Market expectations are for Uniform ROA decline, but management is confident about growth, cloud adoption, and product offerings

Vonage Holdings Corp. (VG:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 29.0x Uniform P/E. However, even at these levels, the market has bearish expectations for the firm

October 17, 2019
LPLA – Market expectations are for Uniform ROA to decline, but management is confident about operating leverage, growth, and their pipeline

LPL Financial Holdings Inc. (LPLA:USA) currently trades near historical lows relative to UAFRS-based (Uniform) Earnings, with a 14.3x Uniform P/E

October 17, 2019
Valens Research – UAFRS vs As Reported Weekly Highlights – October 17, 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

October 16, 2019
G – Market expectations are for slight compression in Uniform ROA, but management is confident about margins, revenues, and their market size

Genpact Limited (G:USA) currently trades near corporate averages relative to Uniform Earnings, with a 20.9x Uniform P/E. At these levels, the market has bearish expectations for the firm

October 15, 2019
LEA – Market expectations are for Uniform ROA to reach 10-year lows, but management is confident about costs, growth, and their manufacturing capabilities

Lear Corporation (LEA:USA) currently trades below corporate averages relative to Uniform Earnings, with a 10.1x Uniform P/E, implying bearish expectations for the firm

October 15, 2019
Valens Equity Weekly Insights and Inflections for October 15, 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: TECD – Tech Data Corporation Other Highlights: BLK, CHRW, SYK

October 14, 2019
BLK – Market expectations are for Uniform ROA compression, but management is confident about their alternatives franchise and bond ETFs

BlackRock, Inc. (BLK:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 15.9x Uniform P/E

October 14, 2019
Valens Research – UAFRS vs As Reported Weekly Highlights – October 10, 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

October 11, 2019
SYK – Markets have bullish expectations for SYK, but management may be concerned about their acquisitions, regulation, and EPS

Stryker Corporation (SYK:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 31.8x Uniform P/E

October 10, 2019
TYL – Market expectations are for Uniform ROA to continue expanding, but management may be concerned about their backlog and contracts

Tyler Technologies, Inc. (TYL:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 44.1x Uniform P/E

October 9, 2019
CHRW – Market expectations are for Uniform ROA to fade to new lows, but management is confident about cash flow, growth, and acquisitions

C.H. Robinson Worldwide, Inc. (CHRW:USA) currently trades below historical averages relative to UAFRS-based (Uniform) Earnings, with a 15.9x Uniform P/E

October 9, 2019
Valens Equity Weekly Insights and Inflections for October 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: PFE – Pfizer Inc. Other Highlights: DHR, DXC, XOM

October 8, 2019
TECD – Market expectations are for a material decline in Uniform ROA, but management is confident about their cloud business, gross profit, and margins

Tech Data Corporation (TECD:USA) currently trades below historical averages relative to UAFRS-based (Uniform) Earnings, with a 10.0x Uniform P/E

October 7, 2019
Valens Research – UAFRS vs As Reported Weekly Highlights – October 2, 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

October 7, 2019
PFE – Market expectations are for Uniform ROA to decline, but management is confident about the value of their M&A

Pfizer Inc. (PFE:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 15.2x Uniform P/E

October 4, 2019
Valens Research Weekly Equity Idea Highlight for October 2, 2019 – MasTec, Inc.

This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. MasTec is building a high visibility, strong return business, and management is confident about their outlook and strategy