Analysis

The Latest from Equities News


July 23, 2020
WM – Market expectations are for record-high Uniform ROA, and management is excited about their acquisition, and confident about liquidity and shareholder returns
Waste Management, Inc. (WM:USA) currently trades near historical highs relative to UAFRS-based (Uniform) earnings, with a 38.1x Uniform P/E. At these levels, the market has bullish expectations for the firm
July 22, 2020
SNAP – Market expectations are for Uniform ROA to expand, and management is confident in platform usage, their ad strategy, and demo reach
Snap Inc. (SNAP:USA) currently trades near historical highs relative to Uniform assets, with a 12.9x Uniform P/B. At these levels, markets have bullish expectations for the firm
July 21, 2020
KFY – Management’s confidence in their balance sheet, their positioning, and virtual delivery suggest equity upside is warranted for KFY
Korn Ferry (KFY:USA) currently trades well below corporate averages relative to UAFRS-based (Uniform) earnings, with a 16.3x Uniform P/E, implying bearish expectations for the firm
July 21, 2020
Valens Equity Weekly Insights and Inflections for July 21, 2020
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: WGO – Winnebago Industries, Inc. Other Highlights: BYND, SQ, WDC
July 20, 2020
BYND – Market expectations are for a material improvement in Uniform ROA, but management may be concerned about their ability to grow overseas, manage costs, and sustain growth with existing customers
Beyond Meat, Inc. (BYND:USA) currently trades at a historical high relative to UAFRS-based (Uniform) assets, with a 27.4x Uniform P/B and a 1.6x Uniform asset turnover
July 17, 2020
WGO – Given management’s confidence about market share, Newmar, and consumer interest, market expectations are far too bearish and longer-term upside is warranted
Winnebago Industries, Inc. (WGO:USA) currently trades below corporate averages relative to Uniform earnings, with a 17.7x Uniform P/E. At these levels
July 16, 2020
CPRT – Markets are pricing in expectations for Uniform ROA to remain at current levels, but management may be concerned about their costs, inventories, and the sustainability of business tailwinds
Copart, Inc. (CPRT:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 32.3x Uniform P/E and a 26.1% Uniform ROA.
July 16, 2020
Valens Research – UAFRS vs As Reported Weekly Highlights – July 16, 2020
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
July 15, 2020
WDC – Market expectations are for Uniform ROA to continue to decline, but management is confident about public cloud, growth, and demand
Western Digital Corporation (WDC:USA) currently trades below recent averages relative to UAFRS-based (Uniform) earnings, with a 13.6x Uniform P/E. At these levels, the market has bearish expectations for the firm
July 14, 2020
SQ – Market expectations are for Uniform ROA expansion, but management may be concerned about their Cash App, Seller ecosystem, and customer retention
Square, Inc. (SQ:USA) is currently trading at a historical high relative to UAFRS-based (Uniform) earnings, with a 194.9x Uniform P/E. At these levels, the market has bullish expectations for the firm
July 14, 2020
Valens Equity Weekly Insights and Inflections for July 14, 2020
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: BKNG – Booking Holdings Inc. Other Highlights: EGP, JCOM, VRSK
July 10, 2020
JCOM – Market expectations are for record-low Uniform ROA, but management is confident about growth, their various platforms, and cancellation rates
J2 Global, Inc. (JCOM:USA) currently trades well below corporate averages relative to UAFRS-based (Uniform) earnings, with a 9.8x Uniform P/E. At these levels, the market has bearish expectations for the firm
July 9, 2020
Valens Research – UAFRS vs As Reported Weekly Highlights – July 9, 2020
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
July 9, 2020
VRSK – Market expectations are for slight Uniform ROA improvement, and management is confident about end market strength, innovation, and strategies
Verisk Analytics, Inc. (VRSK:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 35.9x Uniform P/E. At these levels, the market has bullish expectations for the firm
July 8, 2020
EGP – Market expectations are for Uniform ROA to reach all-time highs, but management may have concerns about the Houston market, their retention rates, and rent collection
EastGroup Properties, Inc. (EGP:USA) currently trades well above corporate averages relative to UAFRS-based (Uniform) earnings, with a 53.5x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm
July 7, 2020
CREE – Market expectations are for record-high Uniform ROA, but management may be concerned about demand, capex, and their power and RF sales
Cree, Inc. (CREE:USA) currently trades above historical averages relative to UAFRS-based (Uniform) assets, with a 2.7x Uniform P/B. At these levels, the market has bullish expectations for the firm
July 7, 2020
Valens Equity Weekly Insights and Inflections for July 7, 2020
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: K – Kellogg Company Other Highlights: AAP, CAT, ODFL
July 6, 2020
CAT – Market expectations are for Uniform ROA to improve, but management may be concerned about their financial strength, supply chain, and dealer inventory levels
Caterpillar Inc. (CAT:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 25.2x Uniform P/E. At these levels, the market has bullish expectations for the firm
July 2, 2020
ODFL – Market expectations are for Uniform ROA to reach new peaks, but management may be concerned about the economy, volume, and capex
Old Dominion Freight Line, Inc. (ODFL:USA) currently trades above historical averages relative to UAFRS-based (Uniform) earnings, with a 33.2x Uniform P/E. At these levels, the market has bullish expectations for the firm
July 2, 2020
Valens Research – UAFRS vs As Reported Weekly Highlights – July 2, 2020
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