A director at Transdigm Group Inc sold 10,034 shares at 1,340.536USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Credit markets are overstating credit risk, with a cash bond YTW of 6.901% relative to an Intrinsic YTW of 6.001% and an Intrinsic CDS of 134bps. Furthermore, Moody's is materially overstating TDG's fundamental credit risk with its highly speculative B1 credit rating five notches below Valens' IG4 (Baa2) credit rating. Incentives Dictate Behavior™ analysis highlights mostly negative signals for creditors. That said, most anagement members have low change-in-control compensation relative to thei...
Credit markets are overstating credit risk, with a cash bond YTW of 6.275% relative to an Intrinsic YTW of 5.485% and an Intrinsic CDS of 131bps. Furthermore, Moody's is overstating TDG's fundamental credit risk with its B1 credit rating four notches below Valens' XO (Baa3) credit rating. Incentives Dictate Behavior™ analysis highlights mostly negative signals for credit holders. However, most management members have low change-in-control compensation relative to their annual average compensati...
Credit markets are overstating credit risk, with a YTW of 7.536% relative to an Intrinsic YTW of 6.396% and an Intrinsic CDS of 157bps. Furthermore, Moody's is overstating TDG's fundamental credit risk with its B1 credit rating four notches below Valens' XO (Baa3) credit rating. Incentives Dictate Behavior™ analysis highlights mostly negative signals for credit holders. However, most management members have low change-in-control compensation relative to their annual average compensation, indica...
Citigroup (C) looks to finally be rounding the corner of its transformational reconstruction. Uniform Accounting shows both the company's significant operational improvements, and that the market isn't pricing them in sustainably. That makes Citi a compelling buy. Citi has historically been a worst-in-class performer in terms of Uniform ROE, around 5% in the early 2010s, however, these operational improvements have already lifted ROE towards peer levels, approaching double-digit levels, and the...
TransDigm Group Incorporated (TDG) currently trades near corporate and recent averages relative to Uniform earnings, with a 27.2x Uniform P/E. At these levels, markets are pricing in expectations for Uniform ROA to expand to 65%, accompanied by 5% Uniform asset growth. Similarly, analysts expect Uniform ROA to improve to 57% in 2023, accompanied by 11% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $764, representing approximately 16% equity...
HCA Healthcare (HCA) intelligently grew its portfolio of hospitals during the pandemic, positioning it better for the future. Uniform Accounting highlights that the market is pricing in a reversal of HCA's historical profitability trends, signaling the potential for equity upside. For the last 12+ years, HCA Healthcare has consistently grown its network of hospitals to be the largest chain in the country. Along the way, it has continuously realized efficiencies that have pushed Uniform ROA...
TransDigm Group Incorporated (TDG) currently trades near both corporate and recent averages relative to Uniform earnings, with a 25.9x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to expand to 61%, accompanied by 5% Uniform asset growth. Similarly, analysts expect Uniform ROA to improve to 59% in 2023, accompanied by 6% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $584, representing marginal...
Citigroup (C) looks to finally be rounding the corner of its transformational reconstruction. Uniform Accounting shows both the company's significant operational improvements, and that the market isn't pricing them in sustainably. That makes Citi a compelling buy. Citi has historically been a worst-in-class performer in terms of Uniform ROE, around 5% in the early 2010s, however these operational improvements have already lifted ROE towards peer levels, approaching double digit levels, and the...
TransDigm Group Incorporated (TDG:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 29.3x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about their leverage position, the domestic travel recovery, and aircraft platform production shifts. Specifically, management may lack confidence in their ability to meet defense revenue growth targets, stay below their net debt to LTM EBITD...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The market is currently much more pessimistic about COF than about any of the company's peers. The market sees a lender to high-risk sub-prime borrowers just emerging from the pandemic and is pricing it like it is going to see a second wave of problems that just doesn't look set to come. While the market is pricing Capital One like its Uniform ROE will perpetually sit near 2017 and 2020 trough levels, the company's superior underwriting and reduced competition as competitors seek to exit it...
TransDigm Group Incorporated (TDG:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 31.2x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about growth targets, domestic travel recovery, and commercial aftermarket bookings Specifically, management may lack confidence in their ability to sustain EBITDA margin growth, maintain strong aftermarket freight sales, and meet defense rev...
Current market expectations for LAMR are for flat profitability for the next several years. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to remain around 8% going forward, with steady 5% growth. However, the company's returns have steadily been improving the last several years as the billboard operator has been moving to digitize its fleet of billboards, allowing it to significantly ramp profitability. With less than 3% digitization penetration, the company has a long way to go on con...
TransDigm Group Incorporated (TDG:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 30.4x Uniform P/E. At these levels, the market is pricing in bullish expectations for the firm, but management appears concerned about free cash flow generation, commercial aerospace weakness, and the Cobham acquisition Specifically, management may lack confidence in their ability to improve free cash flow generation, sustain their current sales mix, and maintain low d...
The independent financial analyst theScreener just awarded an improved star rating to TRANSDIGM GROUP (US), active in the Aerospace & Defense industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date March 9, 2021, the clos...
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