Valens Research – UAFRS vs As Reported Weekly Highlights – September 10, 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
Zillow Group, Inc. (ZG)
Stock Option Expense Distortion
Fortive Corporation (FTV)
Goodwill Distortion
RE/MAX Holdings, Inc. (RMAX)
Operating Lease Expense Distortion