Hints and tips:
...The P/E relative of the stock on UBS 2026E EPS (against the market) goes to a record high of 152% on the UBS forecast of earnings. 2....
...they don’t understand how consumers shop today and they don’t understand the dynamics of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company’s C.E.O...
...A: Wall-E 4....
...All of these are endorsed by due diligence aficionado Kevin O’Leary....
...Elsewhere in European start-ups this week, Dutch e-bike brand VanMoof closed a $128m Series C, making it the most well-funded e-bike company on the planet, while Sifted looked at which European investment...
...Morten O. Ravn: Hopefully not....
...The slack is only partly taken up by France P&C which is over distributing....
...at the ‘C-suite’....
...We cross-check our PT with a 2024E P/E multiple discounted to present value; our PT would imply a 15x P/E multiple vs 23.0x developed Sx pharma 12m forward P/E average....
...A merger between Pharos and Transglobe would create an Egypt oil-focused E&P with >£100m market cap and >20Mboe/d oil-weighted production....
...Valuation: We value Greencore at 10x and Bakkavor at 6x 2022E P/E, representing discounts of 20% and 50% to MSCI UK Staples, respectively, implying PTs of 140p and 70p....
...However, on metrics that smooth out investment, like P/E, BT looks very cheap, on 6x P/E (sector 15x). Our price target remains 130p....
...Trading at 4.4x adjusted EV/EBITDA and 9.5x P/E on our 2022 estimates, shares look attractive given: i) FY3 average of 5.2x and 10.9x respectively since 2017, and ii) 18% and 13% discount to peers (SUMCO...
...At 28.7x P/E CY21, we move to Sell from Neutral. Burberry has already underperformed peers YTD... Burberry’s share price has underperformed the luxury peers by c.12% year to date....
...From the GILD point of view, we think this is unlikely because: 1) Dan O’Day arrived as chairman and CEO only 15 mos ago, so this would be very early and quick; 2) GILD thinks its P/E is far too low, which...
...This is based on a P/E of 14.5x 22E, set in line with IMI’s 5-year average P/E. The current P/E relative to the sector at a c30% discount is at the low end of the 30 year trading range....
...However, with limited upside to our price target on c.15x P/E 2020E, we downgrade to Hold....
...The P/E troughed first in the GFC, then P and finally, much later, E (Figure 2). Earnings estimates do not turn until c.10 weeks after the trough in the market....
...The shares trade on a FY20E EV/EBIT of 11.3x (falling to 9.1x) and a P/E of 9.0x (falling to 5.7x)....
...Based on our revised forecasts, Hikma trades on a 2021E P/E of 16.6x, a 26% discount to its UK specialty peers....
...We assume that C&H could have up to £370m of surplus inventory at peak, with continuity product sold through the rest of the calendar year and some S/S product overwintered until Spring 21....
...Then there’s Barclays (overweight): As a reminder, Boohoo sources c40% of its product from the UK, and most of the UK product is from Leicester....
...At 8.3x 2021E P/E, 5.5x EV/EBITDA and 10% FCF yield, WPP trades at a 42% P/E discount to the market (vs. 3Y median discount of 29%) which we believe does not reflect earnings rebound potential and self-help...
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...On our new forecasts, the valuation is FY21 7.5x EBITDA, 7.8x P/E, 13% EqFCF yield and 6.5% dividend yield....
International Edition