Valutico

JANUARY 9, 2023

In April 2022, interim CEO Howard Schultz will step down to make space for Laxman Narasimhan, who will lead the plan to reinvent the company and push for more aggressive growth in the coming years. . Starbucks recently published its annual report for the 2022 financial year that ended in early October. Recent Financial Performance.

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Valutico

DECEMBER 6, 2022

Weekly Valuation – Valutico | 6 December 2022. At the current level Salesforce has a P/E ratio of 100x and an EV/EBITDA ratio of 47x for 2022. Salesforce experienced a terrible year financially in 2022, which explains these very high multiples. Salesforce Inc. Link to detailed valuation. About Salesforce.

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Valutico

DECEMBER 6, 2022

Weekly Valuation – Valutico | 6 December 2022. At the current level Salesforce has a P/E ratio of 100x and an EV/EBITDA ratio of 47x for 2022. Salesforce experienced a terrible year financially in 2022, which explains these very high multiples. Salesforce Inc. Link to detailed valuation. About Salesforce.

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Valutico

OCTOBER 17, 2022

Weekly Valuation – Valutico | 17 October 2022. In the fo rmer, we compared Porsche with peers such as BMW, Mercedes-Benz, Ferrari and Ford using thethe EV/EBITDA and the EV/EBIT multiples. Porsche AG. Link to detailed valuation . About Porsche. The Dr. Ing. per share, the top end of its target range.

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Valutico

JANUARY 5, 2023

Despite facing negative growth for the first time in its history, Tencent managed to keep its operating margin stable at 29% in 2022, resulting in a quarterly profit of HKD 45.8 (5.9 Last week, Tencent received good news when the Chinese government released new publishing licenses for video games for the first time since April 2022.

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Valutico

JANUARY 5, 2023

Despite facing negative growth for the first time in its history, Tencent managed to keep its operating margin stable at 29% in 2022, resulting in a quarterly profit of HKD 45.8 (5.9 Last week, Tencent received good news when the Chinese government released new publishing licenses for video games for the first time since April 2022.

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Valutico

JANUARY 5, 2023

Despite facing negative growth for the first time in its history, Tencent managed to keep its operating margin stable at 29% in 2022, resulting in a quarterly profit of HKD 45.8 (5.9 Last week, Tencent received good news when the Chinese government released new publishing licenses for video games for the first time since April 2022.

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Valutico

SEPTEMBER 19, 2022

A useful tip is to check for consistency between the forecast margins and historical margins—EBITDA margin, EBIT margin, and Net Income margin. Hockey stick-like growth in your DCF projections may indicate these projections are not realistic.

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Valutico

JULY 7, 2023

Recent Financial Performance For this year’s first quarter, Cameco reported a substantial rise in net income, nearly tripling from USD 40 million during 2022’s initial quarter to the current USD 119 million. million pounds in the first quarter of 2022 to 9.7 million pounds in the recent quarter. billion to CAD 28.1

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Andrew Stolz

JANUARY 16, 2022

The dividend yield could return to 5% in 2022. EBIT margin expansion in 22E probably only short-lived. Going forward, we see the EBIT margin to range between 7-8%. The revenue growth CAGR is distorted by growth rebound in 2022. Ramp-up of share repurchases spices up returns. Long-term share price performance potential.

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Valutico

NOVEMBER 7, 2022

Weekly Valuation – Valutico | 7 November 2022. Following the publication of these figures, Adidas reduced its growth target from the range of 11%-13% to a mid-to-high single-digit growth figure for the 2022 financial year. Link to detailed valuation . About Adidas. The company now expects a profit of €1.3 Further Problems.

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Valutico

NOVEMBER 14, 2022

Weekly Valuation – Valutico | 14 November 2022. Two weeks ago TotalEnergies announced its net income for the third quarter of 2022 which increased by 43% compared to 2021 and amounted to €6.6 In the first three quarters of 2022 the company generated a net income of €17.3 TotalEnergies SE. Link to detailed valuation.

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Valutico

NOVEMBER 14, 2022

Weekly Valuation – Valutico | 14 November 2022. Two weeks ago TotalEnergies announced its net income for the third quarter of 2022 which increased by 43% compared to 2021 and amounted to €6.6 In the first three quarters of 2022 the company generated a net income of €17.3 TotalEnergies SE. Link to detailed valuation.

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Valutico

NOVEMBER 7, 2022

Weekly Valuation – Valutico | 7 November 2022. Following the publication of these figures, Adidas reduced its growth target from the range of 11%-13% to a mid-to-high single-digit growth figure for the 2022 financial year. Link to detailed valuation . About Adidas. The company now expects a profit of €1.3 Further Problems.

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Valutico

MARCH 9, 2023

Recent Financial Performance In late January 2023, LVMH released its 2022 annual report, posting record revenue and income levels. billion in profit from recurring operations in 2022, an increase of 23% in both metrics. The company made €79.2 billion in revenue and €21.1

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Valutico

FEBRUARY 21, 2023

Recent Financial Performance Three weeks ago the company released its 2022 annual report, which showed strong revenue figures – growing by 10% to $283 billion compared to 2021. Despite this revenue growth, Alphabet was unable to maintain its healthy net profit margin, as net profit fell by around 5% to $75 billion.

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Valutico

NOVEMBER 21, 2022

Weekly Valuation – Valutico | 21 November 2022. Despite a -21% performance in 2022 to date, Home Depot’s share price gained 64% over the past five years, with particularly good performance during the 2020-2021 COVID years. Home Depot Inc. Link to valuation. About Home Depot. billion in 2021. Share Price Performance.

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Valutico

NOVEMBER 21, 2022

Weekly Valuation – Valutico | 21 November 2022. Despite a -21% performance in 2022 to date, Home Depot’s share price gained 64% over the past five years, with particularly good performance during the 2020-2021 COVID years. Home Depot Inc. Link to valuation. About Home Depot. billion in 2021. Share Price Performance.

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Valutico

MARCH 1, 2023

Recent Financial Performance In the first week of February 2023, BP released its 2022 annual report, boasting the highest net profit in the company’s history of GBP 22.7 (USD Compared with last year’s net income of GBP 10.3 (USD billion, profit increased by an unbelievable 120%. billion worth of shares.

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Valutico

OCTOBER 28, 2022

Weekly Valuation – Valutico | 28 October 2022. The next earnings call will be on 11/17/2022 and is eagerly anticipated as it will provide an indication of whether the company can return to growth in the short term. Alibaba Group Holding Ltd. Link to detailed valuation. About Alibaba. Political tensions.

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Valutico

OCTOBER 21, 2022

Weekly Valuation – Valutico | 21 October 2022. As a result, the share price tanked to PLN 168 ($35) in May 2021 and slipped further in 2022 to its current level or around PLN 120 ($25). . CD Projekt S.A. . Link to detailed valuation. About CD Projekt. CD Projekt is a polish distributor and publisher of computer games.

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Valutico

FEBRUARY 8, 2023

Since then, the share price has sagged to $180 in September 2022. The Trading Comparables analysis resulted in a valuation range of $257 billion to $296 billion by applying the observed trading multiples EV/EBITDA, EV/EBIT and P/E. The Flow-to-Equity analysis produced a value of $308 billion using a Cost of Equity of 9.2%.

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Valutico

JUNE 9, 2023

in February 2022 and closed at USD 91.78 billion to USD 108 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. The year 2018 ended with PMI’s stock down by 36.8%, further impacted by a downgrade from Credit Suisse and Altria’s significant investment in e-cigarette company JUUL Labs.

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Valutico

JUNE 1, 2023

on April 20, 2022. billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. Share Price Performance Marriott’s stock saw a sharp decline in 2020 due to COVID-19, plummeting from around USD 140-150 to USD 60-70. The past year’s high and low were USD 183.27 billion using a WACC of 11.3%.

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Valutico

MAY 24, 2023

2022 saw a robust cash and capital structure with a staggering USD 967 million adjusted EBITDA in Q4, up by 14% from the previous year. billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. Marked improvements in net income saw return ratios reaching new heights, with ROA at 7.06% and ROE over 26.5%.

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Valutico

APRIL 24, 2023

While expanding its portfolio in 2021 and 2022 with acquisitions like Brazil’s Hemmer condiment and sauce company and an 85% stake in Germany’s Just Spices GmbH, the company has also recently agreed to sell its Russian baby food business to Chernogolovka. billion in 2020. billion using a WACC of 6.3%. billion to USD 74.5

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Valutico

APRIL 24, 2023

While expanding its portfolio in 2021 and 2022 with acquisitions like Brazil’s Hemmer condiment and sauce company and an 85% stake in Germany’s Just Spices GmbH, the company has also recently agreed to sell its Russian baby food business to Chernogolovka. billion in 2020. billion using a WACC of 6.3%. billion to USD 74.5

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Valutico

DECEMBER 4, 2023

which is a 25% increase from 2022 Q3. This positive influx persisted until 2022 when Netflix began to crack down on password sharing. billion to USD 150 billion, by utilizing observed metrics such as EV/EBITDA, EV/EBIT, and P/E ratios. Netflix’s operating income in Q3 was $1.9B Youtube), Apple Inc. Apple TV) and Amazon.com Inc.

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Valutico

JANUARY 3, 2024

As per the statistics published by Nilson Report in May 2023, the market share of Visa in the total purchase transactions on global general card networks for 2022 was 39% whereas the shares of Mastercard and UnionPay were 24% and 34% respectively. Financial Outlook Visa closed FY2023 (ending September 30) with a revenue of $32.7

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Andrew Stolz

JANUARY 12, 2022

Hyundai has allocated 2022 CAPEX of US$1.1bn, roughly 15% of its total CAPEX budget, to develop two further fuel cell plants. If it can maintain a 6-7% EBIT margin it changes the market’s assessment of the company. If it can maintain a 6-7% EBIT margin, then this could be a catalyst for share price performance.

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ThomsonReuters

MARCH 9, 2023

Year-end tax planning Individuals What’s new for individuals for the 2022 tax season? The contribution amounts and carryover periods for unused amounts in a health flexible spending arrangement (health FSA) and dependent care (DC) FSAs have changed as follows: • For plan years ending in 2022, the contribution limit for health FSAs is $2,850.•

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Valutico

JUNE 15, 2023

Over the course of the year, Nvidia’s stock has witnessed a remarkable appreciation of over 160% since the close of 2022. The Trading Comparables analysis resulted in a valuation range of USD 60 billion to USD 277 billion by applying the observed trading multiples EV/Sales, EV/EBITDA, EV/EBIT and P/E. and Cisco Systems, Inc.

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Valutico

DECEMBER 15, 2022

An example of an enterprise multiple: EV/Sales, EV/EBITDA, EV/EBIT and practically all non-financial multiples (e.g. Note that, because the impact of debt (in the form of interest), falls below EBIT on the P&L, typically any metric below that would be an equity metric and any metric above that would be an enterprise metric.

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Valutico

DECEMBER 15, 2022

An example of an enterprise multiple: EV/Sales, EV/EBITDA, EV/EBIT and practically all non-financial multiples (e.g. Note that, because the impact of debt (in the form of interest), falls below EBIT on the P&L, typically any metric below that would be an equity metric and any metric above that would be an enterprise metric.

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Andrew Stolz

NOVEMBER 21, 2021

Strong demand from the US and Asia brings car sales almost back to normal by March 2022. The company announced that by March 2022, it will buy back shares worth JPY150bn ($1.3bn). That should improve in 2022. Competitors like VW and GM only achieve EBIT margin between 5 and 7%. Demand rebound makes up for lost production.

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Andrew Stolz

JANUARY 17, 2022

Volvo’s biggest competitor Daimler followed a similar strategy by spinning-off its truck segment in January 2022. Beyond 2022, I see a healthy annual revenue growth potential around 5%. EBIT margin expansion in 21E likely to stay. Since 2021, Volvo Car is a separate listed entity under majority control of Geely. Ratios – Volvo.

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Musings on Markets

JANUARY 6, 2023

I also report on pricing statistics, again broken down by industry grouping, with equity (PE, Price to Book, Price to Sales) and enterprise value (EV/EBIT, EV/EBITDA, EV/Sales, EV/Invested Capital) multiples. EV/EBIT and EV/EBITDA 4. EBITDA, EBIT and EBITDAR&D Margins 3. Cost of Equity 1. PE & PEG 2. Cost of Debt 2.

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