Sentences with phrase «economic valuation of»

Societal assessment of environmental threats depends upon a variety of factors including physical science - based estimates of the risk of impacts and economic valuation of those impacts.

These millions in losses exclude an economic valuation of the loss of water, the conservation value of the forests, or recreation amenity due to forest destruction.

Economic valuation of species and tourist satisfaction in the service of tourism with the species.

Evaluate and map the current status of key snow leopard populations and habitats to set baselines and indicators against which to assess future change, conduct economic valuation of snow leopard habitats, and intensify scientific research and monitoring to support future policy and action.

We are refusing to comply with your warped economic valuations of productivity in matters of infant feeding — for in GDP, money makes the world go round, not loving, milky, breasts.

Not exact matches

Today's high valuations in a time of tepid economic growth are particularly vexing for professional investors constrained by certain rules, says James Harper, a portfolio manager for the Templeton Global Balanced Fund.

While these factors may drive a further moderate increase in valuations, our guess is that the majority of the re-rating is now behind us, absent a more material improvement in the economic landscape than we currently forecast.

What the analysts and economists have done is confuse the former for the latter in seeing the relentless upward march of asset valuations as a sign of «economic recovery.»

She has been a regular contributor to Fortune since April 2010 and is the author of two books on corporate governance and valuation, Economic Value Management: Applications and Techniques and Value - led Organizations.

«Dirty» or structured term sheets are proposed investments where the majority of the economic gains for the investor come not from the headline valuation, but rather through a series of dirty terms that are hidden deeper in the document.

In itself, it seems fairly clear, at least to me, that the current account surplus indicates that the RMB is undervalued on a fundamental basis, and that the balance of payments deficit is caused primarily by speculative outflows, or other kinds of outflows that are not sensitive to economic valuation issues.

At its current valuation of ~ $ 67 / share, HLF has a price to economic book value ratio (price - to - EBV) of 1.2 That ratio means that the market expects only 20 % growth in NOPAT for the remainder of HLF's existence.

Instead, investors still have to contend with a slew of other issues — geopolitical, economic and valuation — that could drown out what should be an otherwise robust time for the corporate bottom line.

Looking forward, these sorts of abrupt swings in financial markets are likely to continue, amid sluggish economic growth, rising interest rates, high valuations and geopolitical uncertainties.

The economic earnings margin explains 67 % of the difference in valuations between stocks in the S&P 500.

Our long - term forecasts are based on our assessment of current valuation measures, economic growth and inflation prospects, as well as historical risk premiums.

«On the other hand, using the same essential measures of valuation and market action, but including periods of major economic dislocation into the dataset, produces average return / risk inferences that are substantially less favorable.

At present, valuations are elevated, market action is relatively neutral with a deteriorating bias, and a variety of additional considerations suggest the potential for a combination of inflation, economic weakness and credit defaults.

So, when you are looking at relative valuations, always compare like - for - like and look at valuations of stocks that operate in the same economic sector.

The PRC sets ranges for the balanced asset mix and makes tactical adjustments based on bottom - up forecasted returns, relative valuations and an assessment of economic and market data.

Figure 1 shows that the difference between return on invested capital (ROIC) and weighted average cost of capital (WACC), also known as the economic earnings margin, explains 67 % of the changes in valuations between stocks in the S&P 500 [1].

Even if Southwest were to never again grow profits from current levels, the economic book value, or no growth value of the firm is $ 52 / share — a 33 % upside from current valuation.

In some cases, a lower valuation with lower preferred share rights may yield a higher economic outcome for common shareholders than a higher valuation with a high level of preferred share rights.

With U.S. consumer discretionary companies outperforming year - to - date, this sector may be vulnerable if sales do not start to accelerate, particularly as the sector sports the second highest valuation of any of the 10 economic sectors.

The economic gains and market returns that emerged during the Reagan Administration began from a starting point of 10.8 % unemployment, a current account surplus, and market valuations that - on the most historically reliable measures - were less than one - quarter of present levels.

With the S&P 500 within about 8 % of its highest level in history, with historically reliable valuation measures at obscene levels, implying near - zero 10 - 12 year S&P 500 nominal total returns; with an extended period of extreme overvalued, overbought, overbullish conditions replaced by deterioration in market internals that signal a clear shift toward risk - aversion among investors; with credit spreads on low - grade debt blowing out to multi-year highs; and with leading economic measures deteriorating rapidly, we continue to classify market conditions within the most hostile return / risk profile we identify — a classification that has been observed in only about 9 % of history.

At its current valuation of ~ $ 7 / share, OCLR has a price to economic book value (PEBV) of just 0.7, which implies that the market expects OCLR's after - tax operating profit (NOPAT) to permanently decline by 30 %.

Likewise, investors might have believed that the extraordinarily elevated market valuations of 1929 and 2000 were «justified» by the recent economic prosperity, but that did nothing to prevent the market collapses that completed those cycles, with over a decade of negative total returns for the S&P 500 in both cases.

In order to find value, it's time to get back to the basics of reading footnotes and focusing on economic earnings and return on invested capital (ROIC), the true drivers of valuation.

Economic Value Management has been selected as a Featured Book Recommendation or «Recommended Read» by numerous publications including, among others, Harvard Business School's HBS Working Knowledge, CEO Refresher, Directors Monthly, Global CEO, The Corporate Board, The Institute of Chartered Accountants in Australia, Valuation Issues, On Philanthropy, Accounting Today, Cost Management, and The Journal of Accounting and Finance.

Estimates of prospective long - term returns for the S&P 500 reflect our standard valuation methodology, focusing on the relationship between current market prices and earnings, dividends and other fundamentals, adjusted for variability over the economic cycle (see for example Investment, Speculation, Valuation, and Tinker Bell, The Likely Range of Market Returns in the Coming Decade and Valuing the S&P 500 Using Forward Operating Evaluation methodology, focusing on the relationship between current market prices and earnings, dividends and other fundamentals, adjusted for variability over the economic cycle (see for example Investment, Speculation, Valuation, and Tinker Bell, The Likely Range of Market Returns in the Coming Decade and Valuing the S&P 500 Using Forward Operating EValuation, and Tinker Bell, The Likely Range of Market Returns in the Coming Decade and Valuing the S&P 500 Using Forward Operating Earnings).

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

The favorable market performance associated with many historical economic expansions is fully accounted for by 1) favorable post-recession valuations, with the S&P 500 averaging less than 9 times prior peak earnings at the recession low, expanding to just over 11 times peak earnings in the first year of the bull market, and 2) favorable trend uniformity, which typically emerges almost immediately in the form of a powerful breadth thrust off of a bear market low, and is confirmed within a few weeks by much broader trend uniformity.

Barring further breakdowns by other market internals, a further advance in the major indices of roughly 5 % would be enough to override other divergences in the trend picture, and that would shift us to a constructive position (up to about 40 % unhedged) regardless of valuations or economic conditions.

The freewheeling nature of cryptocurrency valuation appears to be what has inspired Maduro to seek out this solution to his country's growing economic woes.

Long term, secular market advances tend to originate from conditions of excellent valuation and surmountable economic headwinds.

At its current valuation of ~ $ 500 / share, AZO stands out with a price to economic book value ratio of only 1, which implies that the company will never grow NOPAT from its current level.

Not only were valuations getting pretty close to fair value on the Rule of 20 scale (19.2 in 04» 10, 18.7 in 04 ’11 and 17.3 in 03» 12, the latter admittedly more reasonable), but economic momentum stalled, leading to a soft patch and rising investor concerns, aggravated by political chaos in Europe and the U.S.

There is no change in the economic outlook and there fore no need to panic and sell my stocks because of valuation.

As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.

Our measures of market action are still broadly unfavorable, and allowing even the mildest adjustment for profit margins and the position of earnings in the economic cycle, valuations remain rich.

Though we don't see that evidence yet, and continued economic and valuation risks are likely to keep us hedged with put option coverage in any event, it's possible that we could cover a portion of our short call option hedges if we do see some firming of internals.

There's a tremendous amount of financial anxiety in various global markets, whether it's economic issues with regard to trade or deficits, or concerns regarding foreign exchange policies and valuations.

My firm, 720 Global, has repeatedly urged caution as valuations are currently stretched on the back of reckless Federal Reserve monetary policy and poor economic fundamentals.

Owing to the economic strength of the late 1990's, the least extreme valuation measures were based on earnings.

And with corporate profits still well below their previous peaks and valuations as of November 2017 looking fair given the more promising economic environment, European equities look to us to be potentially poised for another solid year in 2018.

Marcum LLP is a leading provider of business valuation, litigation support, economic damages, and financial forensic investigations.

In any case, investors should keep in mind that the stock market's reaction to Fed cuts has historically been dependent on other conditions such as valuations, economic expectations and the slope of the yield curve.

Indeed, because the level of interest rates at any point in time is highly correlated with the level of nominal economic growth over the preceding decade, the relationship between starting valuations and actual subsequent S&P 500 nominal total returns is nearly independent of interest rates.

Nevertheless, three sources of policy concerns — economic conditions in China, dollar valuation and prices of oil, have largely stabilized in recent weeks.