Sentences with phrase «multiple expansion»

Your theory was to favor small - cap stocks because you believed massive monetary stimulus would result in strong fundamental growth and multiple expansions for this group.

That kind of multiple expansion alone gives you something like a 15 % annual return in a stock over 8 years.

«Much of the market's recent gains have come from multiple expansion rather than higher earnings expectations,» he wrote.

Much of the stock market gains in 2012 and 2013 were driven by multiple expansion on the back of aggressive monetary stimulus.

Investors should not expect this slow - growth utility to experience further multiple expansion.

With modest multiple expansion, we expect very attractive rates of return on the investment with substantial downside protection.

But we've had pretty steady multiple expansion over the last 30 + years.

«These metrics suggest income statement momentum and valuation multiple expansion,» she says.

Strong earnings growth, not multiple expansion, has been the key driver of the Japanese stock market, which last week rose to its highest level since 2007.

As I mentioned before, I think investors do understand that multiple expansion drives a significant portion of the total return on an investment.

I never assume that, but if you are buying them «safe and cheap,» you often do get multiple expansion.

Having said that, you must also take justified multiple expansion into account to some extent if you're a value investor.

«Maybe investors have simply decided they should pay more for the same earnings numbers, giving us the gift of multiple expansion,» he said.

With economic growth sluggish, at 2 - 3 percent per year, any major gains will have to come from multiple expansion — and who can count on that?

Put differently, markets characterized by multiple expansion — in other words, when investors are paying more per dollar of earnings — are more vulnerable to a change in monetary conditions.

P / E multiple expansion would mean - revert.

Reason # 9: You assume multiple expansion in your investment theses.

We expect earnings growth to take over from multiple expansion as a driver of returns, and the decline in risk premia to largely be offset by a rise in underlying government bond yields.

Grinding Gear say that Tencent will help them grow and improve their action - RPG, with multiple expansions currently in the pipeline, and insist that the free - to - play game won't become «pay - to - win».

I could make an argument that AAPL will see multiple expansion in 2012 if the market goes up (on simple allocation math), and will see multiple compression in 2012 if the market goes down (again, as allocation dollars move away from equities, dollars will leave AAPL too, helping to support the super bearish argument on the stock).

As the S&P 500 index has advanced this year mostly through multiple expansion, the index is no longer cheap, particularly considering that we are now almost half a decade into an economic expansion and earnings growth is unexciting.

BAT revisions have been particularly strong, while multiple expansion for Asian tech has been close to zero.

Parker's expectation for more multiple expansion (that is the ratio of stock price - to - earnings) flies in the face of of the bears who warn the already elevated multiples will contract bringing stock prices down with them.

Valuation reversion will contribute 8.7 % per year to Walgreens returns if such multiple expansion occurs over a 5 - year period.

«We expect the market to reach our target level on a combination of: sustained economic growth, corporate revenue and earnings growth (on the back of US expansion and process of international recovery), as well as further multiple expansion justified by the continued relative attractiveness of US equities on valuation, dividends and buybacks.»

«We believe CNC is the best way to play the reform cycle with potential for multiple expansion now that Medicaid expansion and exchanges look more secure,» Piper Jaffray analysts said.

As Business Insider's Sam Ro wrote: «Golub believes 2015, as in 2014, will be highlighted by healthy US GDP growth, lackluster global growth with China and Japan getting worse, elevated profit margins, low volatility, and most multiple expansion, that is higher price / earnings (P / E) multiples.

Much of the bullishness driving that multiple expansion derives from enthusiasm about the tech sector.

He concluded that most of IAG's outperformance has been driven by PE multiple expansion (20 per cent over two years), rather than upgraded EPS growth expectations.

Unfortunately, for the S&P 500 to be reliably priced to deliver long - term returns of 9 % or more without relying on multiple expansion, the index would have to move below 900.

«Multiple expansion opportunities from corporate wellness are becoming more...

A willingness to pay up for U.S. equities has resulted in several years of steady multiple expansion.

Stepan Co. looks fairly valued against future expectations of earnings growth, meaning multiple expansion won't likely be part of the total returns picture.

Without the tailwind of easier money, U.S. equities will need to get by on earnings growth, of which there hasn't been much lately, rather than monetary policy - induced multiple expansion.

«Part of our Sector Weight thesis longer term has been the view that at some point, investors might start to care that a significant portion... of the company's gross profit pool was no longer growing, and so while investors largely care about Model 3 for the moment, that S / X continue to point toward these trends makes multiple expansion arguments more challenging,» analysts Elliot Arnson and Brad Erickson said in a Wednesday note.

«From a stock standpoint, while Amazon / Whole Foods will not impact near - term results, it is likely to impact industry trends longer - term, which uncertainty regarding strategic plans for the combined entity and the response from legacy participants, limiting multiple expansion, and share price upside, from current levels,» Astrachan wrote in a note to clients.

A series hybrid could overcome conversion losses by using a more thermally efficient engine such as multiple expansion diesels.

It can boost multiple expansion.»

I think its very dangerous to see that number before you've finished your work which involves careful thinking about various variables including business volume growth, realization growth, profitability, potential equity dilution, dividend policy, capital structure related issues and earnings multiple expansion / contraction.

Immediate Upside: Buy when the business is fundamentally undervalued to limit risk and to fully leverage multiple expansion.

This should translate to earnings growth and multiple expansion which should position Chesapeake to outperform E&P peers.

Hormel investors should not expect multiple expansion for the reasons outlined above so if we assume 5 % annual EPS growth and a current yield of 2.3 %, we're at 7 % or so in total expected returns.

The question is, can multiple expansion continue?

WD - 40 benefited from a little bit of multiple expansion during the period but stayed within the 15x - 20x range that has characterized most of the companies trading history.

However, over a 2 - 4 year period, I believe $ 900-1000 / share is certainly achievable, even assuming very little multiple expansion.

They already know what they're going to be doing for multiple expansions ahead.»

They released multiple expansions: The Dark Below, House of Wolves, The Taken King and Rise of Iron.

Archon Management Group is planning multiple expansions for this year, and are in need of a someone for our Sales and Events Coordinator position who has fresh ideas partnered with superior work...