Valens in the News

GAAP and IFRS have let investors down for decades. Global comparisons of business performance and valuations under GAAP and IFRS are now impossible. GAAP’s wide range of inconsistent accounting policies makes even peer analysis of EPS and P/Es misguided and flawed.

Based on traditional accounting methods, Facebook’s ROA is 14%. That’s better than the average S&P 500 company, but it’s not great.

The goal is to bring more reliable, insightful corporate performance, valuation, and credit analytics with UAFRS based measures to analysts of financial statements of all kinds.

For years, investors, management teams, and regulators have noted significant erosion in the quality and reliability of financial reporting.

The team wrote an in-depth research report on Sy family-led SM Prime Holdings Inc. (SMPH), now among the largest property firms in Southeast Asia, then presented the extensive research to the judges.

Valens Securities focuses on two fundamental problems that Litman believes create “structurally flawed” credit ratings.

Importantly the adjustments have implications for valuation of both equity and fixed income securities, as equity analysts project growth and apply earnings multiples or discounted cash flow models; and as credit analysts focus on coverage and cash flow leverage metrics.

Allergan’s valuations do not expect the company’s strong cash generating ability to continue to increase.

You can train a CEO to say they are excited about a new product launch or they can speak in a monotone and control hand gestures, but to control their stomach from getting butterflies is impossible.

Part-time business students don’t always get the same networking or camaraderie feeling as a full-time program. Intensive classes create a memorable experience even outside of the content.

The fall in price was so significant that it had to already have management questioning whether the same projects planned would still be profitable, given where oil seemed to be headed.

The credit markets and credit-rating agencies are grossly overpricing default risk at AMD.

The discussion included a historical look at market cycles of the past 150 years, noting the repeating patterns of investing styles that work best for each economic environment.

For the past six years, Valens has been working with various CFA societies providing CE (continuing education) qualified programs to their members and the feedback has been universally positive.

The roadshow also aims to encourage investors to share in the company’s growth through investments in the stock market by providing investors wealth-building advice and strategies.

The roadshow, an initiative of SM’s investor relations, is aimed at keeping investors and markets informed of corporate developments.