Sentences with phrase «market valuation multiple»

AUM trends, or the stability of Argo Real Estate Opportunities Fund (AREO: LN), might present risk (s) to this valuation, but one could also speculate on a higher valuation based on share buybacks, rising AUM & margins, and a higher market valuation multiple.

So we took a look at our data on private market valuation multiples to see how publicly - traded cloud storage and file - sharing company Box compares to still - private Dropbox.

Not exact matches

But as BMO Capital Markets analyst Tim Casey recently pointed out, the industry still appears to be on death row because of the «gradual but unrelenting erosion of revenues, operating margins and valuation multiples.»

In other words, Tencent Music's apparent valuation is already several multiples of the whole Chinese music market.

Assuming Box's multiple doesn't expand, Dropbox would need to grow its annual sales to ~ $ 1.4 B (or 226 % growth from 2014 revenue of $ 400M) just to justify its private market valuation of $ 10B.

The more corporate earnings grow, the higher the stock market if valuation multiples stay the same.

While it's true that the market established even deeper valuation troughs in 1974 and 1982 (near 7 times prior peak earnings, compared with the current multiple of about 11), it is important to remember that long - term Treasury yields were 8 % in 1974, and 14 % in 1982, compared with about 4 % at present.

While the overall equity - market volatility could impact sentiment and the valuations that investors are willing to pay, our small - and mid-cap forecasts already assume that multiples will revert to less than the historic median — so our outlook already is fairly conservative.

It doesn't matter whether one looks at basic measures such as median valuation multiples over the past (bull market) decade, or whether one uses a more complex discounted cash flow model.

Though it's impossible to say where the multiple will be at any given time — valuations are more volatile than trend earnings — 16.5 is an ordinary market multiple (i.e. roughly fair value for the S&P 500).

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.

«The later stages of the 2009 — 2017 bull market are a valuation illusion built on share buyback alchemy... The technique optically reduces the price - to - earnings multiple because the denominator doesn't adjust for the reduced share count... Share buybacks are a major contributor to the low volatility regime because a large price insensitive buyer is always ready to purchase the market on weakness... Share buybacks result in a lower volatility, lower liquidity, which in turn incentivizes more share buybacks, further incentivizing passive and systematic strategies that are short volatility in all their forms... Like a snake eating its own tail, the market can not rely on share buybacks indefinitely to nourish the illusion of growth.

Finally, looking at valuation, European banks traded at a material discount to tangible book value, one standard deviation3 below their historic forward price - earnings multiple, and near a 20 - year low relative to global banking peers as the year came to a close.4 We are also finding select financial sector values in Asia, in both mature, under - earning banking markets like South Korea and Singapore, as well as underpenetrated, growth - oriented markets like China (particularly in insurance) and India (particularly in banking).

Investors looking for better opportunities with less stretched valuations should reconsider international markets, particularly Japan, where multiples can still provide a lift for stocks.

On valuations, it is important to note that the market entered February with multiples at multi-year highs.

The P / E ratio is a valuation multiple defined as market price per share divided by annual earnings per share (EPS).

When you're in this type of market, I think the best investing style is buying stuff with a few catalysts, that are dirt dirt cheap (cause then you can still get legit valuation multiple expansion), and have slightly lower market exposure.

As a side note, we're quite aware of the seemingly «reasonable» valuation of the market, on the basis of the forward operating earnings estimates of Wall Street analysts, at least on the basis of simplistic «price / forward earnings» multiples.

As John Hussman noted in Inflation, Correlation, and Market Valuation, low inflation may often coincide with high multiples, but they don't justify them.

During multi-year periods when valuation multiples expand, we may struggle to keep pace with the market.

During multi-year periods when valuation multiples expand and growth stocks are in favor, it seems clear that we will struggle to keep pace with the market.

Should we fear the lofty valuation multiples, or should we fear the CAPE ratio itself, because of its notorious unreliability in picking market peaks and troughs?

The price - to - earnings ratio, or P / E ratio, is an equity valuation multiple defined as market price per share divided by annual earnings per share.

The proposal, led by a mutual fund with investments in Oracle, points out that multiple studies show that board and managerial diversity are linked to better corporate performance and higher stock market valuations.

The speculative component rose above 100 percent during the 2008 - 2009 bear market, when the drop in valuation multiples made up the entire loss in share value, on average.

Now consider the growth stock: It actually ends up delivering a consistent 15 % annual gain in revenue & earnings — based on that performance, your fair value estimate rises accordingly & we can be pretty confident the market's happy to maintain or increase its valuation multiple.

Even if they did, and you value the company at an appropriate P / E and / or P / S multiple based on those metrics, I'd be hard pressed to come up with a valuation much higher than today's market price.

By simply valuing the profits of a Darwin's Darling at their own market multiple, these buyers delivered a valuation to selling shareholders that far exceeded any share price the company might have independently achieved.

Unlike my individual company stock picks, I obviously have no specific Fair Value Price Target — I'm relying on my bullish oil / commodity view, continued Russian growth (and financial strength), and an improvement in market sentiment and valuation multiples.

And if such a new paradigm turns out to be (even half - way) correct, America's effective high yield status in the developed world could have even more bullish implications elsewhere — I mean, what's the appropriate discount & ultimate valuation multiple for markets like Europe (or Japan, or the UK, etc. etc.), when their risk - free rates are close to zero (or even negative) the whole way out the curve?!

Relative valuations (vs. a sector or the general market) might be relied upon either, based on some of the same ratios or EBITDA multiples, for example.

Again, I'll highlight this Barrons piece on YouTube — the numbers are really astonishing — but looking at some of the valuations already out there in the market, I can't necessarily disagree YouTube (plus Google Cloud, and possibly other units too) would likely get valued at significantly higher sales multiples than Alphabet currently commands.

Alas, the obvious challenge for all of us is: i) how to (reliably) find those long - term high - quality / high - growth companies, and ii) then overcome your natural aversion to a valuation that's a large premium or even a multiple of the market average...

[NB: Noting market valuations (and M&A multiples) over the years, my rule of thumb is a 10 - 12.5 % operating margin deserves a 1.0 P / S, on average.

Given the company's diverse business lines, projected better environment for financials over the next twelve months and low valuations the market multiple could easily improve to a conservative 12 times forward earnings.

Valuation using multiples is a process involving the identification of comparable assets and obtaining market values for these assets; converting the market values into standardized values relative to a key statistic; and applying the valuation multiple to the key statistic of the asset beinValuation using multiples is a process involving the identification of comparable assets and obtaining market values for these assets; converting the market values into standardized values relative to a key statistic; and applying the valuation multiple to the key statistic of the asset beinvaluation multiple to the key statistic of the asset being valued.

1343 Cryptos, Half A Trillion Dollars Data from Coinmarketcap, which currently tracks Bitcoin and 1342 altcoins in circulation, shows the leap forward in market valuation as multiple cryptocurrencies continue to reach new highs of their own.

The quality of management teams in the REIT space varies widely, and the range of valuation multiples that the market ascribes to portfolios of similar assets suggests that there is the potential to create shareholder value by transferring assets from the underperforming REITs to the more capable management teams.

Buyside provides sellers with a lead - gen marketing suite that includes customized landing pages with multiple property valuations, guiding potential home sellers to inquire about receiving a professional valuation and advice.

The company's core products includes Home Valuation landing pages, which combines multiple automated home valuations with visualizations of real - time buyer intent, its Buyer MatchTM dashboard, which intelligently pairs homebuyers and sellers within a brokerage, and its Real - time Buyside Market Analysis (BMA), which arms a brokerage's agents with insights on buyer demand to help them close more listing presentations.

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