reports
- Valens Research
TDG - Valens Credit Report - 2024 04 26
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...
Moody's Ratings announces completion of a periodic review of ratings o...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Trimble Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 17 April 2024 in which Moody's reassessed the appropriateness of the ratings in the context of...
Transdigm Group Inc: 1 director
A director at Transdigm Group Inc sold 253,890 shares at 1,160.500USD and the significance rating of the trade was 74/100. 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...
- Valens Research
- Valens Research
TDG - Valens Credit Report - 2024 01 16
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...
- Valens Research
- Valens Research
TDG - Valens Credit Report - 2023 11 10
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...
- Dave Nicoski
- Ross LaDuke
ROP ROPER TECHNOLOGIES INC.
PHM PULTEGROUP INC.
TDG TRANSDIGM GROUP INCORPORATED
SIG SIGNET JEWELERS LIMITED
ROK ROCKWELL AUTOMATION INC.
NWE NORTHWESTERN CORPORATION
LOW LOWE'S COMPANIES INC.
LEN LENNAR CORPORATION CLASS A
HELE HELEN OF TROY LIMITED
HD HOME DEPOT INC.
GPS GAP INC.
FE FIRSTENERGY CORP.
FCX FREEPORT-MCMORAN INC.
BWA BORGWARNER INC.
BBY BEST BUY CO. INC.
AWR AMERICAN STATES WATER COMPANY
ARWR ARROWHEAD PHARMACEUTICALS INC.
ANF ABERCROMBIE & FITCH CO. CLASS A
AEO AMERICAN EAGLE OUTFITTERS INC.
PATK PATRICK INDUSTRIES INC.
ATR APTARGROUP INC.
EVR EVERCORE INC CLASS A
PVH PVH CORP.
RL RALPH LAUREN CORPORATION CLASS A
MHO M/I HOMES INC.
CSCO CISCO SYSTEMS INC.
CLF CLEVELAND-CLIFFS INC
TPR TAPESTRY INC.
NKE NIKE INC. CLASS B
VTRS VIATRIS INC.
CNXC CONCENTRIX
GE GENERAL ELECTRIC CO.
BBWI BATH & BODY WORKS INC
NSC NABLUS SURGICAL CENTER CO. PLC
Moody's affirms Trimble's Baa3 senior unsecured rating; outlook stable
Moody's Investors Service ("Moody's") affirmed Trimble Inc.'s ("Trimble") Baa3 senior unsecured rating following Trimble's announcement that it had entered into a definitive agreement to acquire Transporeon, in an all-cash transaction valued at EUR 1.88 billion. The purchase is expected to be funde...
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
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.
SYNA SYNAPTICS INC
WHR WHIRLPOOL CORPORATION
TM.N TOYOTA MOTOR ADS
SPR SPIRIT AEROSYSTEMS HOLDINGS INC. CLASS A
SNE. SONY CORP. (ADS)
SEE SEALED AIR CORPORATION
RGR STURM RUGER & COMPANY INC.
PNR PENTAIR PLC
PKXN POSCO
MU MICRON TECHNOLOGY INC.
MKSI MKS INSTRUMENTS INC.
DLY LYONDELLBASELL INDUSTRIES NV
LRCX LAM RESEARCH CORPORATION
JBT JOHN BEAN TECHNOLOGIES CORPORATION
J7Z JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY
IP INTERNATIONAL PAPER COMPANY
FLS FLOWSERVE CORPORATION
EMR EMERSON ELECTRIC CO.
EMN EASTMAN CHEMICAL COMPANY
CE CELANESE CORPORATION
AMAT APPLIED MATERIALS INC.
MHK MOHAWK INDUSTRIES INC.
CAT CATERPILLAR INC.
TILE INTERFACE INC.
GNRC GENERAC HOLDINGS INC.
HNI HNI CORPORATION
TRMB TRIMBLE INC.
AA ALCOA CORPORATION
CLF CLEVELAND-CLIFFS INC
TROX TRONOX HOLDINGS PLC
DOW DOW INC.
DD DUPONT DE NEMOURS INC.
SITM SITIME
ARNC ARCONIC CORPORATION
STX SEAGATE TECHNOLOGY HLDGS PLC
OGN ORGANON & CO
HUN HORIZONS NATURAL GAS ETF
AVNT AVANT BRANDS INC
- Valens Research
Valens Equity Insights and Inflections - 2022 03 29
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...
- Valens Research
TDG - Embedded Expectations Analysis - 2022 03 23
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...
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
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.
ZBRA ZEBRA TECHNOLOGIES CORPORATION CLASS A
SEDG SOLAREDGE TECHNOLOGIES INC.
ROK ROCKWELL AUTOMATION INC.
ROCK GIBRALTAR INDUSTRIES INC.
RGEN REPLIGEN CORPORATION
NDSN NORDSON CORPORATION
MPWR MONOLITHIC POWER SYSTEMS INC.
JBT JOHN BEAN TECHNOLOGIES CORPORATION
I3N CHART INDUSTRIES INC.
FTNT FORTINET INC.
FOXF FOX FACTORY HOLDING CORP.
CGNX COGNEX CORPORATION
CEVA CEVA INC.
CDXS CODEXIS
CAMT CAMTEK LTD.
CALX CALIX NETWORKS
ASPN ASPEN AEROGELS
ENPH ENPHASE ENERGY INC.
FSLR FIRST SOLAR INC.
GNRC GENERAC HOLDINGS INC.
LSCC LATTICE SEMICONDUCTOR CORPORATION
TRMB TRIMBLE INC.
XYL XYLEM INC.
PAR PAR TECHNOLOGY CORP.
X UNITED STATES STEEL CORPORATION
GOLF ACUSHNET HOLDINGS CORP.
ASML ASML HOLDING N.V.
LCII LCI INDUSTRIES
APTV APTIV PLC
CLF CLEVELAND-CLIFFS INC
CLAR CLARUS CORPORATION
VICR VICOR CORP.
NIO NIO INC. SPONSORED ADR CLASS A
YETI YETI HOLDINGS
AZEK THE AZEK COMPANY
VRT VERTIV HOLDINGS CO (A)
OS OFFICINA STELLARE
- Valens Research
Valens Equity Insights and Inflections - 2022 01 04
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...
- Valens Research
TDG - Embedded Expectations Analysis - 2021 12 23
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...
- Valens Research
Valens Equity Insights and Inflections - 2021 10 05
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...
NXPIN NXP SEMICONDUCTORS NV
C CITIGROUP INC.
TSN TYSON FOODS INC. CLASS A
TDG TRANSDIGM GROUP INCORPORATED
ROST ROSS STORES INC.
NXST NEXSTAR MEDIA GROUP INC. CLASS A
MSCI MSCI INC. CLASS A
MNST MONSTER BEVERAGE CORPORATION
MDLZ MONDELEZ INTERNATIONAL INC. CLASS A
GPS GAP INC.
35G GENPACT LIMITED
CPRT COPART INC.
CHD CHURCH & DWIGHT CO. INC.
AMAT APPLIED MATERIALS INC.
ALGN ALIGN TECHNOLOGY INC.
UTHR UNITED THERAPEUTICS CORPORATION
BKNG BOOKING HOLDINGS INC.
NIO NIO INC. SPONSORED ADR CLASS A
BJ BJ'S WHOLESALE CLUB HOLDINGS
RTX RAYTHEON TECHNOLOGIES CORPORATION
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