Sentences with phrase «low valuations based»

Once in a while the prevailing market mood is so pessimistic that you can look around and find many quality companies at low valuations based on readily apparent levels of profits.

In fact, Celgene and Shire are the only large - cap biopharmas with lower valuations based on this particular metric right now.

This generally offers potential for significant long term valuation gains from lower costs & rising occupancy, increased sales on a «retail» basis (to satisfy a rising home ownership rate), the general relative convergence of property values within Germany, and likely appreciation from a particularly low valuation base in absolute (and European / global) terms.

Not exact matches

-- The bank was upgraded to «outperform» from «underperform» at Macquarie based on low expectations and an attractive valuation.

For 2018, he's most interested in arbitraging the lower property valuations and higher net rental yields in the heartland of America through RealtyShares, one of the largest real estate crowdfunding platforms based in SF.

For instance, equity crowdfunding is not a great solution at an early, early stage, because it can be really expensive in the long term, when you have a low valuation... So we would help an entrepreneur understand, well, let's look at debt - based crowdfunding,» he says.

Based on our framework, real estate, utilities, and telecom currently have the lowest relative valuations, based largely on their compellingly low price - to - earnings (P / E) raBased on our framework, real estate, utilities, and telecom currently have the lowest relative valuations, based largely on their compellingly low price - to - earnings (P / E) rabased largely on their compellingly low price - to - earnings (P / E) ratios.

The 2002 - 2003 lows never actually reached even average valuations, much less historical medians, but we did observe enough value based on normalized fundamentals and improved market action to remove most of our hedges in early 2003.

Based on our framework, the telecom, financials, and real estate sectors are currently trading at the lowest relative valuations, based largely on their compelling earnings and dividend yiBased on our framework, the telecom, financials, and real estate sectors are currently trading at the lowest relative valuations, based largely on their compelling earnings and dividend yibased largely on their compelling earnings and dividend yields.

Low risk - free rates — the fundamental basis for gauging asset valuations — represent an underappreciated sea change in assessing future returns, in our view.

Likewise, when we examine secular lows like 1974 and 1982, we'll find that actual returns over the preceding 12 - year period fell short of the returns one would have expected on the basis of valuations 12 years earlier.

Finally, Chinese stocks (measured by the Shanghai Stock Exchange Composite Index) have trailed their Brazilian counterparts (measured by the Ibovespa Index) and moved in lock step with Russian equities (represented by the MICEX Index) since late January, based on Bloomberg data, and their low valuations are poised to potentially rise in a risk - on environment.

The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements).

The Series A Preferred shall also be convertible into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.

They will have a maximum valuation based on their view of the future valuation and the perceived competitiveness for the deal, but will try to keep the price they pay closer to the lower part of the range.

We can quantify the impact that zero interest rates should have on stock valuations, and it would take decades of zero interest rate policy to justify current stock valuations on the basis of low interest rates.

On the basis of valuation measures most tightly related to actual subsequent long - term market returns, we also estimate that the S&P 500 is likely to be lower 12 years from now, compared with current levels, though dividend income may push the total return just over zero on that horizon.

JD trades at the low end of its valuation on a price to sales basis since its IPO.

The Turin - based club are showing no signs of lowering their valuation, and this could keep Belotti committed to Torino for at least another season.

The basis for this positioning was our view that international equities stood to benefit from a longer runway for economic growth, stronger corporate earnings, and lower valuations relative to the U.S. market.

One of the great anomalies of investing: The historical long - term outperformance of certain smart beta or factor - based strategies relative to the broader equity market (think choosing stocks based on their valuations, momentum, low volatility or quality metrics such as profitability).

In that sense all analysis of stock market based on historical metrics do nt make much sense since composition of stocks is entirely different in different era and as more capital efficient business model evolve and their time to market cycle shrinks stocks likely to command higher valuations and suddenly lower valuations during short period of time like already happening for many technology companies and as influence of technology on overall cost structure of companies increases (for example: robotics replace many of employees cost etc) valuation matrix of most companies likely to get affected dynamically in short duration of time than in the past.

So I've been trying to value the options based on the (lower) 409a valuation.

If your valuation of life's intangibles is high, but your calculated net worth before intangibles is low you could still be winning in life on a net basis.

While investors can partially justify this on the basis of a lower discount rate, i.e. low interest rates, it is worth highlighting that even in the context of low rates, valuations are elevated.

Even though there has been a lot of commentary around current high stock valuations against lackluster earnings growth for the S&P 500, it is «neither practical or precise» for an investor to use this as a basis for lowering their exposure to stocks or selling their portfolio.

So if you convert shares which are near multi-year lows, you will pay low taxes based upon those valuations and all future gains will be tax - free.

Base our strategies in areas that are unlikely to be overfished for long — e.g., low valuation, positive momentum, and earnings quality.

We believe this analysis clearly demonstrates that with prudent cost management, Aviat has the potential to generate substantial earnings and cash flow implying an extremely low valuation both on an absolute basis and relative to its peers.

Buttonwood concludes that higher valuations — determined on an earnings, rather than asset basis — lead to lower returns:

«The market has gone up so much that, based on valuation, it is overvalued again to a meaningful degree where the expected returns logically from here can be as low as the low single digits or zero for the next several years,» he says.

The B / P value factor is trading very cheap when we gauge its valuation based on its own historical norms, meaning that the spread between the highest and lowest B / P stocks is far wider than typically observed in the past.

In the process of scanning the investment landscape to find value amidst the all time highs for the indices, I've noticed that a number of big cap tech stocks are priced at low valuations relative to their earnings and free cash flow, measured on an absolute basis and relative to their own historical valuations.

Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price - earnings ratios and low dividend yields).

The rules - based, proprietary methodology employs a multi-layered risk - controlled approach that seeks to lower concentration among individual stocks and enhance returns by emphasizing companies with favorable diversified risk premia expression, including valuation, momentum, and quality characteristics.

He said that the 1.6 number was an outlier that was based on very few data points because we have never before in U.S. history seen valuations as high as those that applied in early 2000 (it was a P / E10 value in the low 30s that brought on the Great Depression).

Sirius hinted at their displeasure / disagreement, and I'd concur: Just look at bund yields, the market flight to safety, and stable / rising NAVs elsewhere in the sector... Somehow, DTZ lowered valuation to EUR 421 per sqm, based on average rent of EUR 4.21 per sqm per mth — a gross yield of 12 % on rented space.

Buttonwood concluded that higher valuations — determined on an earnings, rather than asset basis — led to lower returns:

(Note: For the reader's information and convenience, follow this link to a FAST Graphs ™ portfolio review of the complete list of the S&P 500 constituents and key fundamental metrics presented in order of highest total estimated return to lowest based on current valuation and estimates of future growth.

On March 25, 2010, I was attracted to GameStop based on extremely low valuation.

The established safe - withdrawal - rate rules of thumb are based on long periods of time in which yields were higher than they are today and stock valuations were lower.

Thanks — put another way though — if you just buy a portfolio of say low EV / EBITDA (just as an example), and you basically run 100 % exposure on that approach — does history say in expensive markets you plod on with the same or is there a demonstrable benefit in changing exposure based on overall market valuation?

On the basis of extremely low valuation, this certainly seems like a worthy candidate for a deeper look.

I generally want to see the Net Interest / EBITA % lower than a 12.5 - 15.0 % maximum, and I may adjust my Price / Sales valuations up / down based on this ratio to reflect available Debt capacity or constraints.

Absurd valuations, whether high or low, can become even more absurd if the expectations of market participants become momentum - based.

The lack of growth is a problem, but based on the trends and business model, I consider the rather low valuation to be justified and likely undervalued.

For the full data set, about 28 percent of months have had lower valuations than current levels based on the price to smoothed earnings ratio.

With the owning partner looking for a low value, and the non-owning partner looking for a high one, the valuation method that is used, whether asset - based, income - based, or market - comparables - based, as well as the discounts taken, can all be a matter of dispute.

When a defendant's misconduct kills or injures a poor person — i.e., someone whose death or injury triggers smaller payouts in compensatory damages under conventional valuation models — such misconduct will yield a lower punitive damages award where there is a requirement that punitive damages be based on compensatory damages than if the defendant killed or injured a wealthy per - son.

This is a common situation because often the «cash surrender value» which is what an insurer will pay for the policy based on its immediate cancellation and surrender to the insurance company is often lower than policy valuation placed on a policy by third parties.