Hints and tips:
...Paul Mason, an analyst with E&P, said: “This is clearly a positive development for the Altium share price....
...30x P/E multiple is sustainable given rest of the index trades at 18x,” write Goldman’s David Kostin and team....
...The company was the S&P 500’s best performer last year and earned $12.5bn in profits....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Standard p/e’s are slightly above historical averages, the Shiller cyclically adjusted p/e ratio is very high and the equity risk premium is near a decade low....
...News round-up Blackstone’s Schwarzman receives over $1bn for second straight year (FT) Pfizer in talks to acquire Seagen at more than $30bn (Wall Street Journal) Altria nears deal to buy e-cigarette maker...
...After falling some 85 per cent from its peak when I picked it (though to a still-rich 25 p/e multiple), I saw potential for a turnround by year’s end....
...So we will punt there, and weigh the possibility of P/E ratio contraction at 50/50....
...The duo analysed ESG pay metrics at the S&P 100 companies....
...Steve Sy, founder and chief executive of Great Deals E-Commerce Corp, is a successful entrepreneur, but his resilience was tested early on in his career....
...V, E, S, P, A: five letters with the power to summon a tourist-brochure-perfect Italy....
...The implied purchase P/E multiple Microsoft is paying is just 26 times....
...Huawei launches the long-awaited next generation of its flagship P series smartphone Friday: In the UK, industrial software company Aveva has a trading update....
...Worries that changes to Apple’s privacy rules will hurt its advertising business have taken Facebook’s P/E ratio down to 24....
...(FT) Dressed to impress In an industry dominated by influencers, fast fashion and powerful luxury conglomerates, the family-run necktie maker E....
...Since its inception in 1996, the Kynikos Capital Partners fund had a net annualised gain of 26.9 per cent as of the end of September this year — more than double the S&P 500....
...There are several potential solutions, such as green ammonia or e-fuels produced from renewable energy, but the technologies to use these fuels do not yet exist on a scale or in a form that can be applied...
...The company faces stiff competition from e-retailers such as Farfetch, Yoox Net-a-Porter, MatchesFashion and MyTheresa (a great story from team DD on that last one here)....
...In the years since, it’s revenue has grown at a compound rate of only 3.3 per cent a year — but the p/e ratio now stands at 35....
...The nascent round of E&P mergers will differ from previous get-togethers in one key respect: buyers are not going to over pay....
...All told, it is little wonder Wall Street is not yet rushing back to a US E&P sector struggling with existential doubts....
...Those who have continued to invest using rudimentary notions of “statistical value”, buying stocks or indices with low headline p/e ratios, have underperformed for a decade....
...Although the ETF industry is dominated by a group of large funds that track broad market indices like the S&P 500 or the Bloomberg Barclays Aggregate, for the most part managed by the “Big Three” — BlackRock...
...The P/E relative is one standard deviation below its norm with earning revisions better than those of large caps....
...Meanwhile, P/E ratios are not providing a true market signal when asset prices are being driven mainly by US Federal Reserve interventions....
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