Hints and tips:
...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...CSG is trading at P/TBV of 0.2x 2024E, UBS is trading at 7.6x P/E and Julius BAER at 9.6x PE 2024E on our forecasts....
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...In 2006, the maison bought Villa Empain in Brussels, restoring the house and turning it into a Centre of Art and Dialogue between eastern and western cultures. boghossianjewels.com C is for Brunello CucinelliThe...
...A shame for those who enjoyed watching him on the BBC’s coverage. C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...Today, it employs more than 1,000 staff and serves a roster of multinational companies in the Philippines that includes Unilever, P&G, L’Oréal and Nestlé....
...In December, GSC Game World, the developer of upcoming survival shooter game S.T.A.L.K.E.R. 2, reversed plans to offer NFTs after a vociferous backlash from fans....
...company, hopes to totally reboot it in the Eternal City, with Sicilian superchef Ciccio Sultano overseeing culinary offerings, a rooftop bar with 360-degree views, and decor that channels ebullient Man from U.N.C.L.E...
...In the UK, we have never had such a poor record, including abrupt U-turns, in macroeconomic management....
...The price target is £2.0 assuming 3x P/E (half our normal valuation pending dilution), 4x EV/EBITDA....
...National Express currently trades at 4.3x December 2022E P/E....
...P&C business models in mature markets....
...The discount of our UK domestic basket at 10% (24-month Internationalfwd P/E) is not especially wide by comparison to the past 4 years post the EU referendum....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...They reside on a 2021E price-to-book multiple of c.1.04 times with a dividend yield of c.4% - our dividend forecasts already assume a 2.5 times dividend cover....
...We estimate that based on 2022 estimates, Carnival is trading on 23x consensus P/E and an EV/EBITDA of 8.6x - a 137% and 17% premium to the end of 2019 - while on our estimates the P/E is over 24x....
...The shares trade on 2.5x 2022 P/E, 4.2x EV/EBITDA....
...Harley, Stockton-on-Tees, England Crossword 16,284: J Vercoe, Dorchester, UK; Anna Bruce, Wiltshire, UK; J Ireland, Bristol, UK Polymath 1,041: Phoebe Sutherland, London Crossword 16,278: Peter Bromwich...
...There’s a rejig of forecasts on a Norway tax break and a bit of fantasy M&A, which seems to be obligatory in E&P notes at the moment....
...The u/l WC outflow was £16.6m vs £3.9m last year, DSOs increased to 65 days (from 56) as an unwind in receivables was offset by higher accrued income (£57m from £51m at y/e, despite declining sales); the...
...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....
...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....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...The stock trades at 21x FY22E P/E. During the lockdown, we have seen major brands, i.e....
...You see because you can’t really get any true insights from a line chart without a trend line and a line explaining what’s going on. What you really need is some t e c h n i c a l a n a l y s i s....
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