Sentences with phrase «valuation multiple at»

General Mills» $ 40 - per - share or $ 8 - billion acquisition offer represents a premium valuation multiple at 25x last - twelve - months or 22x including synergy expectations, the analyst said.

Despite promising growth prospects in the Permian and other efforts supporting the dividend and the potential for share buybacks, a widening valuation multiple at Chevron Corporation (NYSE: CVX) is not justifiable, according to «Further Upside For Chevron Is Unjustified, BMO Analyst Says» by Shanthi Rexaline.

Not exact matches

Kostin also outlined three strategies: Secular growth, or companies where sales growth is expected to rise at least 10 percent for multiple years without high valuations; firms that are investing in capital expenditures and research and development; and companies with a strong chance to be acquired.

Those who did deploy capital did so at $ 3 - 10M first and second round valuations, and frequently with multiple liquidation preferences.

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.

Despite being the core drivers of their businesses, they are left with a small percentage of their companies due to multiple financings at low, early stage valuations.

E-commerce company Wish is raising around $ 250 million in new funding at a valuation north of $ 8 billion, Axios has learned from multiple sources.

Domestic - facing stocks have faster expected sales and earnings growth but trade at a nearly two point P / E multiple valuation discount relative to stocks with high international sales.

TechCrunch has learned from multiple sources that Snapchat is raising yet more financing at around a $ 20 billion valuation.

Stocks can see their PE multiples expand and contract in a manner that has almost nothing to do with changes in EPS, which makes looking at these metrics a poor indicator of valuation or future returns.

«At 15x and 11x NTM EPS and FCF, the stock is trading near the upper - end of its recent valuation range and we believe it is tough to expect the multiple to expand,» wrote Lamba of Apple.

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.

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.

The first was that I was buying inferior businesses due to what I perceived at the time to be a low multiple (but alas not a low valuation).

As you can see below, these forward valuation multiples make the stock look attractive compared to the kind of multiples it's traded at in recent years.

Specifically, shares of Best Buy are now trading at a mid-teens multiple while the EBITDA valuation has gone from a trough of four times to now seven times.

The current advance began at a multiple of 16, so even from the beginning we had less room for valuations to expand, compared with those unusually long bulls.

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.

Now trading on a price to earnings multiple of 16 times, Service Stream's valuation is beginning to factor in plenty of certainty at an uncertain time.

In addition to liking BMC's products, we liked the company's aggressive share repurchases and its valuation, which is much lower than the multiple of sales at which many similar companies have been acquired.

- Applying a 3.5 x revenue multiple to WU.com, which is a discount to Xoom's 4.8 x revenue takeover multiple, and 15x EV / FCF to WU's remaining businesses (retail C2C, C2B, and B2B), which is a substantial discount to MoneyGram's 21x EV / FCF takeover valuation, they derive an intrinsic value estimate of ~ $ 33 per share for WU at the end of 2020, offering ~ 72 % upside, or a 3.5 - year IRR of ~ 20 % including the dividend (3.7 % current yield).

The S&P 500 registered a record high after an advancing half - cycle since 2009 that is historically long - in - the - tooth and already exceeds the valuation peaks set at every cyclical extreme in history but 2000 on the S&P 500 (across all stocks, current median price / earnings, price / revenue and enterprise value / EBITDA multiples already exceed the 2000 extreme).

Based on 20 years of global data and nearly 90 years of US data, the energy sector has never been cheaper on price - to - book multiples than it was at the end of 2015.1 The skeptics» response to these compelling headline valuations tends to be suspicion of book values, which indeed are likely overstated in some instances and vulnerable to further impairment.

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).

Methods used to arrive at this valuation include comparable analysis of price - to - earnings and enterprise value / EBITDA multiples and a discounted cashflow valuation.

By applying this range of multiples to Bega, which includes adjusted 2013 - 14 earnings for both the sale of Warrnambool and failed bid costs of about $ 1 million, they arrived at a «valuation range of $ 4.73 to $ 5.89 per share with a midpoint of $ 5.31 per share».

Ferragamo May Seek Higher IPO Rating Than Prada (Bloomberg)» [Salvatore Ferragamo] may seek a higher valuation multiple than its bigger rival Prada SpA... [the company] may be valued at as much as 2.25 billion euros ($ 3.2 billion), or 26 times estimated 2012 profit.»

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

In the case of the latter, he looks at divesting a business that is either dragging down the companies valuation multiple or not getting the multiple it deserves.

At today's valuations, we can expect the Total Return to be dragged down as multiples contract.

In order to add more quantity of such a stock at expensive valuation, the conviction of the investor should come from how accurately he could calculate and visualize the future earnings of the company provided the valuation multiple remains the same or within a range.

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.

The sell - side in these types of situations tends to value companies at peak multiples of trough earnings, and only shifts to the more mid-cycle earnings and valuation we use when there's clear evidence the cycle has turned.

The stock's current valuation seems reasonable considering the company's stability, but I'd prefer to own the stock at a somewhat lower cash flow multiple for a greater margin of safety.

With limited analyst coverage and low trading liquidity, many high - quality small companies are «lost in the shuffle» and trade at significantly lower valuation multiples than larger firms.

Gabelli says he either looks at recent valuations of similar acquisitions or applies an appropriate historical industry acquisition multiple to arrive at the PMV.

Let's look at what happened to the change in the CAPE valuation multiple and its contribution to total returns in the 1960s, which was an environment of low interest rates to start with which moved higher over the decade.

I found this projection interesting and set out to examine how realistic it is, given what we know at this point in time, by decomposing total stock returns to its components, namely dividend yield, inflation, real earnings growth and change in the valuation multiple.

This valuation looks inexpensive on an absolute basis, and especially when we factor in the high earnings growth expectations: With a PE multiple of 15.6 and an expected EPS growth rate of 21 % Lowe's trades at a PEG ratio of just 0.74.

It was all about valuation back then — finding stocks that were trading at low multiples of earnings and free cash flow.

That being said, even at today's historically attractive valuation multiples, investors should likely only expect to earn a potential total annual return of about 5.9 % to 6.9 % (1.9 % yield plus 4 % to 5 % annual earnings growth) over the next decade, far below the company's historical return rate and the returns offered by most other dividend aristocrats.

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.

Let's split the difference, and base our valuation on an average / assumed operating margin of 19.8 % — which deserves at least a 1.75 Price / Sales multiple, in my opinion.

[At this point, I don't believe a P / E multiple's a practical (or effective) valuation alternative to also incorporate here].

They also performed a comparison with current valuations for a (select) group of public investment management firms — on average, the TAM transaction's valued at 75 % of the minimum multiple & just 49 % of the median multiple.

As we demonstrate in the attached «DHT Peer Valuation», DHT's stock price is presently at a 75 % or greater discount to its value at its peers» average multiples of 2010 and 2011 EBITDA, i.e. an implied stock price of approximately $ 6.16 - $ 6.41 (versus $ 3.52 on 2/26/10) were it valued like its peers.

With a more hedge fund like multiple of 10 % of AUM the company should be worth 32M, and with 20M in assets we would get a valuation at 52M.

And even the hope Conwert's own valuation might benefit from a premium KWG multiple no longer seems viable, as its shares now trade at an NAV premium & boast a steady upward trajectory.

As a result, the distribution of S&P 500 P / E multiples was now its tightest in at least 25 years, implying less differentiation of companies based on valuation.