We like to rely
on consensus values for the first few years.
Not exact matches
Apple has not disclosed Watch sales figures — either in dollar
values or unit shipments — but Wall Street analysts and other dedicated Cupertino Kremlinologists have generally settled
on a back - of - the - envelope
consensus of slightly over $ 1 billion.
Similarly, looking at it from an enterprise
value basis, assuming a free cash flow margin of 25 % for FY18 (
consensus estimates are at 24 %)
on sales growth of 12 % (in - line with
consensus) along with a EV / FCF multiple of 11x (in - line with the peak multiple leading up to the iPhone 6 cycle), we come up with a stock
value in the mid $ 160s as well.
Merck is
valued reasonably with a forward PE of 15.3 based
on expected EPS of $ 4.19 for 2018 (
consensus).
He focuses
on scaled forecast error (SFE), 12 - month
consensus forecasted earnings minus actual earnings, divided by absolute
value of actual earnings, as the key accuracy metric.
Provided that the estimates entered
on the forecast page are based
on market
consensus projections, the market - implied GAP represents the forecast horizon needed in a DCF model to arrive at a
value equal to the current market price.
These
values, criteria and guiding principles, ought to have common grounding and basic
consensus on binding
values despite differences.
The usual assertions are (1) that this kind of religion is today
on the defensive; (2) that the defensive posture is occasioned by the flourishing of «conservative churches» (although the alleged liberal enervation is also seen in more autonomous terms); (3) that the growth in religious conservatism and conservative churches is itself the result of widespread reaction against «secular humanist»
values and against those who hold such
values; (4) that our society as a whole has been experiencing a breakdown in moral
consensus, a loss of moral coherence somehow connected with a decline in oldline Protestant dominance; and (5) that some or all of these happenings have been quite sudden, so that the early 1960s can be taken as a kind of benchmark — as a time before the fall.
-LSB-...] Twenty years have passed since the fall of the Berlin wall, when the UN undertook to build a «new global
consensus»
on the norms,
values and priorities of international cooperation for the post-Cold War era and the 21st century.
Indeed, the
consensus on old
values has broken down.
The view that a good politics requires a detailed, preexisting
consensus on values is as unwarranted as the notion that economics alone drives politics.
Indeed, social
consensus on values and beliefs has broken down.
In any case, a comparison of the presidential and congressional votes starkly reveals the lack of
consensus on values that characterized the election.
Everywhere in the world, societies and nations now live in a culture governed by the
values of
consensus, diversity, partnerships, sustainability, holism, choice, gender equity, bottom - up participation and so
on.
On the other hand, pluralistic societies are defined as having «one or more relatively distinct subcultures, but their
value systems are compatible with the national political
consensus» (ibid., p. 16).
Yet the very dissension that has been produced by the religious right points up the difficulties of gaining any kind of broad
consensus on the basis of traditional religious
values.
That is, will the faith - communities while keeping their separate identities be prepared in the present historical situation of pluralism, to interact with each other bringing their respective religious and / or ideological insights
on the conception of the human so as to build something of a
consensus of cultural and moral
values on which to build a single larger secular community?
According to the
consensus odds from the four different simulations there is
value betting
on the Warriors to beat the Cavaliers.
To conclude, the quotes that Keith Vaz fed to the press regarding the report encapsulate the nature of the political debate in the country, in particular the
consensus between the main parties in terms of stated political goals and
values on immigration.
We recognise the
value of difference, distinct histories and tradition but are using them to develop a shared project that is stronger because it is based
on consensus - building.
According to him no country can move forward if the elites have not come to
consensus on certain
values, adding that «the challenges facing Nigeria is huge yet the elites are yet to come
consensus.»
Mr Brown said the old «Washington
consensus» was over and called
on financial markets to mirror family
values in his speech, organised by the St Paul's Institute.
There is now cross-party
consensus on the issue of land
value capture, but newspapers are still stuck in the past.
Our future depends
on a bipartisan
consensus about the
value of consistent, dependable federal R&D budgets.
The study focused
on 26 common, low -
value services from various sources, including the Choosing Wisely campaign, national guidelines, peer - reviewed literature and professional
consensus.
Highly motivated people openly cast doubt
on well - established evidence — the theory of evolution, the human effects
on climate change, the
value of vaccines and other findings that have achieved an overwhelming
consensus in the scientific community.
Gene - level expression
values were represented by fragments per kilobase exon per million reads mapped (FPKM) and a
consensus FPKM was determined for each gene based
on its representation across biological replicates.
«''» Until we have a
consensus on the diminishing
value of the notion of
consensus as the keystone of the climate debate, we'll continue to see the politicization of climate science and the continued gridlock
on climate policy.
I strongly disagree
on this one - I liked it way better than Episode Gladio and found it amazing
value for its price (less than a Persona 5 costume set) The general
consensus is also that is pretty good so maybe there's something in this kind of gameplay that you really don't like...
Clifford Adelman, a researcher whose work for the U.S. Department of Education in the late 1990s helped shape the field's thinking about what constitutes sound academic preparation for college, says that although occupational certificates are becoming «the new currency» in the push for more postsecondary education, the
value of many certificates is questionable because of a lack of
consensus on the competencies required to earn them.
These and other studies have created a lasting professional
consensus that, in general, the scholastic curriculum has some effects
on the civic knowledge of students, but little or no effect
on their civic
values.
As a result, we came to
consensus on a grading policy that deeply expresses the
values of student growth, growth mindset and focusing
on outcomes.
This
consensus around high - stakes testing has contributed to enthusiasm for
value - added assessment, in which teachers are assessed in part
on the basis of how their students fare
on standardized tests.
The U.S. News & World Report rankings compare cars
on the basis of safety, reliability and a
consensus of industry experts» opinions, along with
value — which is measured by a combination of a vehicle's five - year total cost of ownership and the average price paid for the vehicle at the time the awards are published.
Using a discounted cash flow analysis (EPS = 5.87, 10 yr growth rate = 13 % (based
on previous years), terminal growth rate = 4 %, discount rate = 10 %) I come up with a fair
value estimate of $ 125.43, in line with the analyst
consensus.
The team ranks the stocks in this universe based
on a series of growth factors, such as the change in
consensus earnings estimates over time, the company's history of meeting earnings targets, earnings quality and improvements
on return
on equity, as well as a series of
value criteria, such as price - to - earnings ratio and free cash flow relative to enterprise
value.
Further to my point that if your valuation models use forward estimates rather than twelve - month trailing data, you're doing it wrong, here are the results of our Quantitative
Value backtest
on the use of
consensus Institutional Brokers» Estimate System (I / B / E / S) earnings forecasts of EPS for the fiscal year (available 1982 through 2010) for individual stock selection:
Usually, because the group has had room to bring individual contributions that are truly
valued in this framework, getting
consensus on the path forward is smooth and, in some cases, truly a special and original path toward building an effective brand.
When she concerns herself with our universal
consensus on what time is, what
value is, what reality is, she herself seems to be standing outside this agreement.
A site like this is of
value in providing a forum for such rebuttals — and developing a
consensus on whether a formally published rebuttal is worth the effort.
Going down this path, you'll quickly find yourself in a debate
on discounting and the time
value of action / resources, which will take you deep into discussions of subjects such as environmental ethics, future / present generations, the foundational assumtions of the discipline of economics, etc. — all very important and interesting subjects, but ones
on which there is unlikely to be forged a new
consensus on meaningful time scales related to climate change.
[May 18, 5:36 p.m. Update Dan Kahan posted an update
on his blog emphasizing that he
values the effort made by the authors of the paper
on climate science
consensus.]
Climate
consensus or group think: Andrew Dessler has posted a followup
on Grist's blog re-examining whether statements issued by professional scientific organizations have
value as a barometer of their memberships» views
on matters like climate.
The governments certainly take the IPCC
consensus and the results of economic analyses such as Stern review much more
on face
value here than
on the other side of the pond and then base policy upon it.
When Hulme queries the
value of
consensus on human - caused global warming in the peer - reviewed literature, he has it backwards in two important ways.
The
consensus in climate science is that recent climate change is overwhelmingly identified as anthropogenic in cause, and furthermore (as per AAR5
on Impacts) there is a
consensus that climate change will have significant impacts that while a
value judgement can quite reasonably be described as «dangerous».
I am perhaps more familiar with students who would have less of a
consensus view
on just about any subject because of their contrarian nature, but one could receive these comments as simply too consistently negative to accept as having constructive
value or as typical of someone the blog needs and be, well, either crushed or overwhelmed about what to do to obtain their approval and go into a defensive frenzy.
That reduction ignores that several of the papers
on Duarte's list were classified as 4, and therefore did not contribute to the
consensus value; and that no doubt there were opposite errors were papers supporting the
consensus were excluded or classified as 4 (both of which are known to have been the case).
And people misuses simulation, as for example the recent publication by Science of a «study» which,
on faith of simulation shows that sea levels may rise up to 11 m by 2100 whereas the IPCC «
consensus» talks of +60 to 80 cm
values!
However, the
consensus is being used, in almost all cases I have read, to promote policy based
on the canonical 3C ECS or even higher as the single
value to be used.