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Valens Research
  • Valens Research

UAA - Valens Credit Report - 2024 02 12

Credit markets are accurately stating UAA's credit risk with a YTW of 5.912% relative to an Intrinsic YTW of 5.737%, while CDS markets are overstating UAA's credit risk with a CDS of 225bps relative to an Intrinsic CDS of 138bps. Furthermore, Moody's is overstating UAA's fundamental credit risk with its Ba2 credit rating four notches below Valens' IG4+ (Baa1) credit rating.

Wedbush Research
  • Wedbush Research
TPX TEMPUR SEALY INTERNATIONAL INC
2454 MEDIATEK INC.
MTB M&T BANK CORPORATION
STZ CONSTELLATION BRANDS INC. CLASS A
VMW VMWARE INC. CLASS A
QRVO QORVO INC.
ADS ADIDAS AG
DPZ DOMINO'S PIZZA INC.
KMX CARMAX INC.
WING WINGSTOP INC.
WDC WESTERN DIGITAL CORPORATION
WAL WESTERN ALLIANCE BANCORP
VLY VALLEY NATIONAL BANCORP
V VISA INC. CLASS A
TSLA TESLA INC
SKX SKECHERS U.S.A. INC. CLASS A
SIMON SILICON MOTION TECHNOLOGY CORPORATION SPONSORED ADR
SBUX STARBUCKS CORPORATION
QCOM QUALCOMM INC
PSTG PURE STORAGE INC. CLASS A
PEGA PEGASYSTEMS INC.
NVDA NVIDIA CORPORATION
NTAP NETAPP INC.
MU MICRON TECHNOLOGY INC.
MCD MCDONALD'S CORPORATION
JACK JACK IN THE BOX INC.
INTC INTEL CORPORATION
IMAX IMAX CORPORATION
GERN GERON CORP.
FL FOOT LOCKER INC.
FFWM FIRST FOUNDATION
EWBC EAST WEST BANCORP INC.
EAT BRINKER INTERNATIONAL INC.
DKS DICK'S SPORTING GOODS INC.
DECK DECKERS OUTDOOR CORPORATION
CUBI CUSTOMERS BANCORP INC.
CHKP CHECK POINT SOFTWARE TECHNOLOGIES LTD.
BANC BANC OF CALIFORNIA INCORPORATED
AXTI AXT INC.
ASND ASCENDIS PHARMA A/S SPONSORED ADR
NFLX NETFLIX INC.
WD WALKER & DUNLOP INC.
CFR CULLEN/FROST BANKERS INC.
SWKS SKYWORKS SOLUTIONS INC.
LULU LULULEMON ATHLETICA INC
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.
2303 UNITED MICROELECTRONICS CORP.
CMG CHIPOTLE MEXICAN GRILL INC.
HPE HEWLETT PACKARD ENTERPRISE CO.
UAA UNDER ARMOUR INC. CLASS A
CVNA CARVANA CO. CLASS A
FCNCA FIRST CITIZENS BANCSHARES INC. CLASS A
ALPN ALPINE IMMUNE SCIENCES
CELH CELSIUS HOLDINGS INC.
AMZN AMAZON.COM INC.
AMD ADVANCED MICRO DEVICES INC.
AAPL APPLE INC.
NKE NIKE INC. CLASS B
MSFT MICROSOFT CORPORATION
BKNG BOOKING HOLDINGS INC.
AVGO BROADCOM INC.
TENB TENABLE HOLDINGS
DELL DELL TECHNOLOGIES INC CLASS C
SMCI SUPER MICRO COMPUTER
ASO INC.
ONON ACADEMY SPORTS AND OUTDOORS
MRVL ON HOLDING AG
STX MARVELL TECHNOLOGY INC
VERA SEAGATE TECHNOLOGY HLDGS PLC
GFS VERA THERAPEUTICS INC
FUSN GLOBALFOUNDRIES INC
MLTX FUSION PHARMACEUTICALS INC
DNTH MOONLAKE IMMUNOTHERAPEUTICS
DIANTHUS THERAPEUTICS INC
Wedbush Research
  • Wedbush Research
TPX TEMPUR SEALY INTERNATIONAL INC
W WAYFAIR INC.
MTB M&T BANK CORPORATION
STZ CONSTELLATION BRANDS INC. CLASS A
QRVO QORVO INC.
WSM WILLIAMS-SONOMA INC.
WDC WESTERN DIGITAL CORPORATION
TSLA TESLA INC
SKX SKECHERS U.S.A. INC. CLASS A
SIMON SILICON MOTION TECHNOLOGY CORPORATION SPONSORED ADR
SHOO STEVEN MADDEN LTD.
QCOM QUALCOMM INC
PSTG PURE STORAGE INC. CLASS A
PEGA PEGASYSTEMS INC.
NYCB NEW YORK COMMUNITY BANCORP INC.
NVDA NVIDIA CORPORATION
NTAP NETAPP INC.
MXL MAXLINEAR INC
MU MICRON TECHNOLOGY INC.
JACK JACK IN THE BOX INC.
INTC INTEL CORPORATION
IMAX IMAX CORPORATION
HBI HANESBRANDS INC.
GOOGL ALPHABET INC. CLASS A
GERN GERON CORP.
FHN FIRST HORIZON CORPORATION
ETSY ETSY INC.
DECK DECKERS OUTDOOR CORPORATION
CROX CROCS INC.
CHKP CHECK POINT SOFTWARE TECHNOLOGIES LTD.
BZH BEAZER HOMES USA INC.
AXTI AXT INC.
ASND ASCENDIS PHARMA A/S SPONSORED ADR
NFLX NETFLIX INC.
BJRI BJ'S RESTAURANTS INC.
SWKS SKYWORKS SOLUTIONS INC.
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.
2303 UNITED MICROELECTRONICS CORP.
GLOB GLOBANT SA
VFC V.F. CORPORATION
UAA UNDER ARMOUR INC. CLASS A
FND FLOOR & DECOR HOLDINGS INC. CLASS A
FCNCA FIRST CITIZENS BANCSHARES INC. CLASS A
CELH CELSIUS HOLDINGS INC.
AMZN AMAZON.COM INC.
AMD ADVANCED MICRO DEVICES INC.
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
BKNG BOOKING HOLDINGS INC.
AVGO BROADCOM INC.
TENB TENABLE HOLDINGS
RH RESTORATION HARDWARE INC.
SMCI SUPER MICRO COMPUTER
MRVL INC.
STX MARVELL TECHNOLOGY INC
NAPA SEAGATE TECHNOLOGY HLDGS PLC
GFS DUCKHORN PORTFOLIO INC (THE)
KRTX GLOBALFOUNDRIES INC
VIGL KARUNA THERAPEUTICS INC
MLTX VIGIL NEUROSCIENCE INC
OCS MOONLAKE IMMUNOTHERAPEUTICS
EMBRAC B OCULIS HOLDING AG
EMBRACER GROUP AB
Matt Quigley ... (+2)
  • Matt Quigley
  • Tom Nikic
Valens Research
  • Valens Research

UAA - Valens Credit Report - 2023 11 06

Credit markets are overstating UAA's credit risk with a YTW of 7.044% relative to an Intrinsic YTW of 6.297% and a CDS of 262bps relative to an Intrinsic CDS of 146bps. Furthermore, Moody's is overstating UAA's fundamental credit risk with its Ba2 credit rating four notches below Valens' IG4+ (Baa1) credit rating. Earnings Call Forensics™ of the firm's Q1 2024 (08/08/2023) earnings call highlights that management is confident they are making progress with the evolution of their overall social m...

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