reports
- Valens Research
Valens Equity Insights and Inflections - 2018 03 21
EXPE currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 24.2x Uniform P/E. However, even at these levels, the market is pricing in expectations for Uniform ROA to continue fading from 24% in 2016 to 15% in 2021, accompanied by 16% Uniform Asset growth going forward. Analysts have similar expectations, projecting Uniform ROA to fade to 15% in 2018, accompanied by 12% Uniform Asset growth. However, both market and analyst expectations appear unreasonable give...
CSX CSX CORPORATION
TXN TEXAS INSTRUMENTS INCORPORATED
PX PRAXAIR INC.
MU MICRON TECHNOLOGY INC.
GT GOODYEAR TIRE & RUBBER COMPANY
GKOS GLAUKOS CORP
EXPE EXPEDIA GROUP INC.
D DOMINION ENERGY INC
NESN NESTLE S.A.
MLM MARTIN MARIETTA MATERIALS INC.
SAN SANOFI
PKD PARKER DRILLING CO.
WMT WALMART INC.
ABT. ABBOTT LABORATORIES
PM PHILIP MORRIS INTERNATIONAL INC.
ABBV ABBVIE INC.
HD THE HOME DEPOT
RCII INC.
RENT-A-CENTER INC
- Valens Research
HD - Embedded Expectations Analysis - 2018 03 19
The Home Depot Inc. (HD:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 23.4x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about investments, ROIC, and sales comps Specifically, management may be downplaying concerns about their lack of incremental investment post-tax reform, and may have concerns about the sustainability of ROIC improvements. Additionally, they may be downplaying concerns about their pl...
- Valens Research
Valens Equity Insights and Inflections - 2017 12 20
HD currently trades near historical highs relative to Uniform Earnings, with a 24.9x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to see an acceleration in recent improvements, and grow from 20% in 2017 to 37% in 2022, accompanied by 1% Uniform Asset shrinkage going forward. However, analysts have slightly less bullish expectations, projecting Uniform ROA to only expand to 22% by 2019, accompanied by immaterial Uniform Asset shrinkage. That said, Valens' qu...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.