Hints and tips:
...The S&P 489 has a weighted average P/E of 24, cheaper than the whole index, but not by much....
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...Stocks with low P/E ratios relative to their expected growth rates are rare....
...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....
...But one analyst has 130 times p/e. Robert ArmstrongOh. For their target. Anna MutohSo expectations are very high. Target, yeah. Ethan WuYeah. That’s nuts. So Amazon is the dominant ecommerce player....
...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....
...Correspondingly, the “terminal” or “exit” P/E multiple in your model should be average too. This would have been very good advice for someone who was modelling Facebook a couple of years ago....
...As of yesterday, value stocks have a forward P/E of 13.4, against growth stocks at 22.4. The ratio is 0.57....
...The Faangs, in market cap terms, are numbers 1, 2, 3, 4 and 7 in the S&P 500....
...E to revenue growth or “PEG” ratio)....
...In 2019 it generated a 58 per cent net return, about double the S&P 500....
...But ESG activists are jumping into all manner of new battles right now, with some unlikely alliances emerging (just look at Carl Icahn’s astonishing battles with McDonald’s in relation to pigs)....
...But while the “E” of environmental, social and governance issues is dominating headlines this week — particularly given fresh signs of climate change emerging from Europe’s floods — nobody should overlook...
...So does Chinese e-scooter maker Niu, which has said it will expand its presence in Europe and the US. 3....
...The deal between S&P Global and IHS is likely to face scrutiny from antitrust watchdogs over the immense power an alliance between the two groups could wield....
...Job moves British tycoon Sanjeev Gupta’s GFG Alliance appointed a judge of the supreme court of India, SJ Mukhopadhaya, and former first minister of Wales, Carwyn Jones, to its newly created global advisory...
...The future of E&P companies may be different than the future of the E&P industry itself....
...Together they lifted the Nasdaq Composite 4 per cent, ahead of the benchmark S&P 500....
...“Tesla’s bitcoin investment does not have an impact on its ESG score,” said S&P Global....
...But critics within Renault say he’s failed to heal the rift that Ghosn’s arrest created between the French carmaker and its alliance partner Nissan....
...And you don’t hear much complaining when the industry does beat the S&P, as was the case in 2018....
...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....
...EnQuest’s cash netback lead among UK E&P’s has improved further as yet more legacy high-cost fields are shut-in permanently....
...We believe this will likely remain supportive of improving E&P share prices....
...On our forecasts, IWG trades on 77.4x 2021E P/E, before the impact of this placing....
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