Report
Valens Research

TIVO - Embedded Expectations Analysis - 2019 03 28

TiVo Corporation (TIVO:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 15.9x Uniform P/E, implying bearish expectations for the firm. However, management is excited about their cash flow forecasts, and is confident in the launch of their content discovery solution.

Specifically, management generated an excitement marker when saying their cash flows will be consistent with their 2019 revenue forecast. Moreover, they are confident about the launch of their advanced content discovery solution.
Underlying
TiVo Corp.

TiVo is engaged in media and entertainment products. The company provides a set of cloud-based services, embedded software solutions and intellectual property that enable people to find and enjoy online video, television programming, movies and music entertainment, including content discovery through device-embedded and cloud-based user experience, interactive program guides, digital video recorders, natural language voice and text search, cloud-based recommendations services and the company's entertainment metadata. The company's operations are organized into two reportable segments: Product and Intellectual Property Licensing.

Provider
Valens Research
Valens Research

In 2009, just as the dust was settling from the last major equity and credit market crises, we launched a boutique research firm with the intention of breaking Wall Street’s biases and broken incentives:

  • GAAP and IFRS have failed to provide rules for reliable financial statement reporting
  • Stock analyst recommendations are not grounded in disciplined financial analysis
  • Credit agencies have been set up to grossly fail in their responsibilities to investors and the public markets
  • Utter lack of willingness of major research firms to employ the the most advanced forensic analysis available

We sought to provide investors and company analysts with a source of information that changed all that.
Many years later, our business model remains because little has changed on Wall Street.

  • Corporate credit ratings remain years behind the fundamental underpinnings of company performance
  • Stock analysts continue to make recommendations with deeply inherent biases
  • Research firms have failed to break down the walls between credit, equity, and macroeconomic research
  • The governing accounting bodies have created more leeway for mis-estimates and mis-classifications as financials have become unwieldy and overwhelming

The integrity of Valens Research is founded in our disciplined processes and analytics. No “star” analysts. No corporate advisory relationships. No-nonsense opinions and recommendations.

Analysts
Valens Research

Other Reports on these Companies
Other Reports from Valens Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch