Bank of Montreal (BMO:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Bank of Montreal(BMO:NYS)

Financial Services:Banks-Global

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$92.00 (CAD) / $68.75 (USD) 10/12/2018

Weighted Valuation
$108.32 (CAD) / $80.95 (USD)

Use a conversion rate of 0.74731714 from CAD to USD.

Overall Rating
Undervalued by 17.7%

Valuation Models Analyst Consensus: $112.33 (CAD) / $83.95 (USD)
(in order of importance) Adjusted Book Value: $109.57 (CAD) / $81.88 (USD)
Discounted Cash Flow: $93.76 (CAD) / $70.07 (USD)
Valuation Methods This company is:
Cash Flow: Fairly valued on a Cash Flow Valuation
Comparable Company: Fairly valued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (BMO:NYS USD)

Price 0.00
Range 0.00 – 0.00
52 week 0.00 – 0.00
Open 0.00
Vol / Avg. 0/0
Mkt cap 0
P/E 0.00
Div/yield 0.00/0.00
EPS 0.00
Shares 0
Beta 0.00

Company Description

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian P&C banking, U.S. P&C banking, wealth management, and capital markets.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for BMO:NYS

Using a discounted cash flow model we generated an intrinsic value of $93.76 (CAD) / $70.07 (USD) for BMO:NYS

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

BMO:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $93.76 1% 5% 1% 5%
WACC (or Ke) 11.38 $106.51 $83.72
Terminal Growth Rate 3.00 $85.16 $104.68
Tax Rate 0.27 $100.25 $87.26
Cash Flow 7,804,282,652 $88.87 $98.64
Capital Expenditures -277,800,000 $93.60 $93.91
Long Term Debt 0 $93.76 $93.76

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $93.50 (CAD) / $69.87 (USD) for BMO:NYS. We also generated a valuation of $109.21 (CAD) / $81.61 (USD) using other metrics and comparables.
The comparable companies were Bank of Nova Scotia (BNS:NYS) and Royal Bank of Canada (RY:NYS).

Company BMO:NYS End Date Value
Earnings/Share $8.17 (CAD) / $6.11 (USD)
Book Value/Share $63.87 (CAD) / $47.73 (USD)
Sales/Share $35.19 (CAD) / $26.30 (USD)
Cash Flow/Share $15.06 (CAD) / $11.25 (USD)
EBITDA/Share $26.44 (CAD) / $19.76 (USD)
Price Based on Comps Adjustment Factor (%)
$90.78 (CAD) / $67.84 (USD) -60.1
$107.11 (CAD) / $80.05 (USD) 5.2
$113.68 (CAD) / $84.95 (USD) 9.7
$84.24 (CAD) / $62.95 (USD) 2.1
$0.00 (CAD) / $0.00 (USD) -75.3
BMO:NYS Ratios Used Average Values BNS:NYS RY:NYS
13.37 PE Ratio 11.11 10.59 11.64
1.56 PB Ratio 1.68 1.45 1.90
2.83 PS Ratio 3.23 3.15 3.32
6.62 PCF Ratio 6.53 4.98 8.07
0.00 EV to EBITDA 0.00 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $126.67 (CAD) / $94.66 (USD) for BMO:NYS

Company BMO:NYS End Date Value
Earnings/Share $8.17 (CAD) / $6.11 (USD)
Book Value/Share $63.87 (CAD) / $47.73 (USD)
Sales/Share $35.19 (CAD) / $26.30 (USD)
Cash Flow/Share $15.06 (CAD) / $11.25 (USD)
EBITDA/Share $26.44 (CAD) / $19.76 (USD)
Price Based on Comps Adjustment Factor
$100.73 (CAD) / $75.27 (USD) 0
$97.89 (CAD) / $73.15 (USD) 0
$100.17 (CAD) / $74.86 (USD) 0
$327.50 (CAD) / $244.74 (USD) 0
$7.06 (CAD) / $5.28 (USD) 0
Ratios Ratio Average
PE Ratio 12.33
PB Ratio 1.53
PS Ratio 2.85
PCF Ratio 21.75
EV to EBITDA 0.27

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  BMO:NYS for the last 10 years was  1.53

We ran the Adjusted Book Value for  BMO:NYS and generated a book value of  $71.53 (CAD) / $53.45 (USD)
By multiplying these we get an adjusted valuation of  $109.57 (CAD) / $81.88 (USD)

Analyst Data

In the Stockcalc database there are 9 analysts that provide a valuation for BMO:NYS. The 9 analysts have a concensus valuation for BMO:NYS for 2019 of $112.33 (CAD) / $83.95 (USD).

BMO:NYS Bank of Montreal

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 4 0 3.8000 Outperform 2018-12-7

Current Price: 68.75 USD

Analyst Consensus
CAD Millions 2019 2020 2021
Mean EPS 9.57 10.17 10.53
# EPS Analysts 9 9 1
Mean Revenue 23,213.00 24,141.30
# Revenue Analysts 7 6
Mean Target Price 112.33
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


National Bank of Canada (NA:TSE) Fundamental Valuation Report

Fundamental Valuation Report

National Bank of Canada(NA:TSE)

Financial Services:Banks-Global

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$58.79 (CAD) 10/12/2018

Weighted Valuation
$64.28 (CAD)

Overall Rating
Undervalued by 9.3%

Valuation Models Analyst Consensus: $68.00 (CAD)
(in order of importance) Discounted Cash Flow: $68.57 (CAD)
Comparables: $44.57 (CAD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Overvalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (NA:TSE CAD)

Price 58.79
Range 58.38 – 59.35
52 week 58.69 – 65.63
Open 58.95
Vol / Avg. 840312/876606
Mkt cap 19.8B
P/E 9.90
Div/yield 2.44/0.04
EPS 5.94
Shares 335.78M
Beta 1.20

Company Description

National Bank of Canada is the sixth- largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for NA:TSE

Using a discounted cash flow model we generated an intrinsic value of $68.57 (CAD) for NA:TSE

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

NA:TSE Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $68.57 1% 5% 1% 5%
WACC (or Ke) 11.55 $78.35 $60.84
Terminal Growth Rate 3.00 $61.96 $76.92
Tax Rate 0.20 $73.22 $63.91
Cash Flow 3,000,617,034 $64.73 $72.40
Capital Expenditures -115,600,000 $68.44 $68.69
Long Term Debt 0 $68.57 $68.57

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $44.57 (CAD) for NA:TSE. We also generated a valuation of $63.05 (CAD) using other metrics and comparables.
The comparable companies were Bank of Montreal (BMO:NYS), Bank of Nova Scotia (BNS:NYS) and Canadian Imperial Bank (CM:NYS).

Company NA:TSE End Date Value
Earnings/Share $5.94 (CAD)
Book Value/Share $34.07 (CAD)
Sales/Share $20.40 (CAD)
Cash Flow/Share $10.69 (CAD)
EBITDA/Share $18.44 (CAD)
Price Based on Comps Adjustment Factor (%)
$66.36 (CAD) -64.6
$51.34 (CAD) 24.8
$59.66 (CAD) 6.4
$54.06 (CAD) -54.0
$0.00 (CAD) -20.7
NA:TSE Ratios Used Average Values BMO:NYS BNS:NYS CM:NYS
10.43 PE Ratio 11.17 13.37 10.59 9.56
1.78 PB Ratio 1.51 1.56 1.45 1.51
2.97 PS Ratio 2.92 2.83 3.15 2.80
5.67 PCF Ratio 5.54 6.62 4.98 5.02
0.00 EV to EBITDA 0.00 0.00 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $71.85 (CAD) for NA:TSE

Company NA:TSE End Date Value
Earnings/Share $5.94 (CAD)
Book Value/Share $34.07 (CAD)
Sales/Share $20.40 (CAD)
Cash Flow/Share $10.69 (CAD)
EBITDA/Share $18.44 (CAD)
Price Based on Comps Adjustment Factor
$69.00 (CAD) 0
$62.08 (CAD) 0
$59.96 (CAD) 0
$41.41 (CAD) 0
$126.82 (CAD) 0
Ratios Ratio Average
PE Ratio 11.62
PB Ratio 1.82
PS Ratio 2.94
PCF Ratio 3.87
EV to EBITDA 6.88

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  NA:TSE for the last 10 years was  1.82

We ran the Adjusted Book Value for  NA:TSE and generated a book value of  $41.71 (CAD)
By multiplying these we get an adjusted valuation of  $75.92 (CAD)

Analyst Data

In the Stockcalc database there are 8 analysts that provide a valuation for NA:TSE. The 8 analysts have a concensus valuation for NA:TSE for 2019 of $68.00 (CAD).

NA:TSE National Bank of Canada

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
0 7 0 3.1250 Hold 2018-12-7

Current Price: 58.79 CAD

Analyst Consensus
CAD Millions 2019 2020 2021
Mean EPS 6.38 6.76 7.38
# EPS Analysts 9 9 1
Mean Revenue 7,622.90 7,970.40
# Revenue Analysts 7 7
Mean Target Price 68.00
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


Bank of Montreal (BMO:TSE) Fundamental Valuation Report

Fundamental Valuation Report

Bank of Montreal(BMO:TSE)

Financial Services:Banks-Global

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$92.16 (CAD) 10/12/2018

Weighted Valuation
$108.19 (CAD)

Overall Rating
Undervalued by 17.4%

Valuation Models Analyst Consensus: $112.33 (CAD)
(in order of importance) Adjusted Book Value: $109.70 (CAD)
Comparables: $92.76 (CAD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Fairly valued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (BMO:TSE CAD)

Price 92.16
Range 91.55 – 93.00
52 week 92.16 – 108.32
Open 92.50
Vol / Avg. 2.38M/1.68M
Mkt cap 60.06B
P/E 11.28
Div/yield 3.78/0.04
EPS 8.17
Shares 639.3M
Beta 0.93

Company Description

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian P&C banking, U.S. P&C banking, wealth management, and capital markets.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for BMO:TSE

Using a discounted cash flow model we generated an intrinsic value of $112.87 (CAD) for BMO:TSE

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

BMO:TSE Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $112.87 1% 5% 1% 5%
WACC (or Ke) 9.97 $131.85 $98.65
Terminal Growth Rate 3.00 $100.38 $129.53
Tax Rate 0.27 $120.68 $105.06
Cash Flow 7,804,282,652 $106.99 $118.75
Capital Expenditures -277,800,000 $112.67 $113.06
Long Term Debt 0 $112.87 $112.87

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $92.76 (CAD) for BMO:TSE. We also generated a valuation of $99.55 (CAD) using other metrics and comparables.
The comparable companies were Bank of Nova Scotia (BNS:NYS) and Royal Bank of Canada (RY:NYS).

Company BMO:TSE End Date Value
Earnings/Share $8.17 (CAD)
Book Value/Share $63.38 (CAD)
Sales/Share $34.92 (CAD)
Cash Flow/Share $14.94 (CAD)
EBITDA/Share $26.44 (CAD)
Price Based on Comps Adjustment Factor (%)
$90.78 (CAD) -60.1
$106.28 (CAD) 5.1
$112.80 (CAD) 9.6
$87.03 (CAD) 2.0
$0.00 (CAD) -75.3
BMO:TSE Ratios Used Average Values BNS:NYS RY:NYS
13.40 PE Ratio 11.11 10.59 11.64
1.56 PB Ratio 1.68 1.45 1.90
2.84 PS Ratio 3.23 3.15 3.32
6.63 PCF Ratio 6.53 4.98 8.07
0.00 EV to EBITDA 0.00 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $126.30 (CAD) for BMO:TSE

Company BMO:TSE End Date Value
Earnings/Share $8.17 (CAD)
Book Value/Share $63.38 (CAD)
Sales/Share $34.92 (CAD)
Cash Flow/Share $14.94 (CAD)
EBITDA/Share $26.44 (CAD)
Price Based on Comps Adjustment Factor
$100.74 (CAD) 0
$97.28 (CAD) 0
$99.46 (CAD) 0
$324.83 (CAD) 0
$9.18 (CAD) 0
Ratios Ratio Average
PE Ratio 12.33
PB Ratio 1.54
PS Ratio 2.85
PCF Ratio 21.74
EV to EBITDA 0.35

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  BMO:TSE for the last 10 years was  1.53

We ran the Adjusted Book Value for  BMO:TSE and generated a book value of  $71.53 (CAD)
By multiplying these we get an adjusted valuation of  $109.70 (CAD)

Analyst Data

In the Stockcalc database there are 9 analysts that provide a valuation for BMO:TSE. The 9 analysts have a concensus valuation for BMO:TSE for 2019 of $112.33 (CAD).

BMO:TSE Bank of Montreal

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 4 0 3.8000 Outperform 2018-12-7

Current Price: 92.16 CAD

Analyst Consensus
CAD Millions 2019 2020 2021
Mean EPS 9.57 10.17 10.53
# EPS Analysts 9 9 1
Mean Revenue 23,213.00 24,141.30
# Revenue Analysts 7 6
Mean Target Price 112.33
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


Laurentian Bank (LB:TSE) Fundamental Valuation Report

Fundamental Valuation Report

Laurentian Bank(LB:TSE)

Financial Services:Banks-Regional-Canada

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$38.76 (CAD) 10/12/2018

Weighted Valuation
$41.81 (CAD)

Overall Rating
Undervalued by 7.9%

Valuation Models Analyst Consensus: $43.89 (CAD)
(in order of importance) Discounted Cash Flow: $38.08 (CAD)
Comparables: $43.04 (CAD)
Valuation Methods This company is:
Cash Flow: Fairly valued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (LB:TSE CAD)

Price 38.76
Range 38.36 – 39.64
52 week 38.76 – 57.04
Open 39.64
Vol / Avg. 528315/347763
Mkt cap 1.67B
P/E 7.60
Div/yield 2.54/0.07
EPS 5.10
Shares 42.08M
Beta 0.73

Company Description

Laurentian Bank of Canada provides personal banking, business solutions as well as real estate and commercial financing to individuals and small- to medium-sized businesses. Laurentian Bank’s business-to-business, or B2B, subsidiary provides banking products to brokers and financial services across Canada. The bank also provides investors with brokerage services through its Laurentian Bank Securities subsidiary. The business operates through five lines: retail services, business services, B2B bank, Laurentian Bank securities and capital markets, and LBC financial services.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for LB:TSE

Using a discounted cash flow model we generated an intrinsic value of $38.08 (CAD) for LB:TSE

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

LB:TSE Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $38.08 1% 5% 1% 5%
WACC (or Ke) 10.12 $45.75 $32.30
Terminal Growth Rate 3.00 $32.96 $44.87
Tax Rate 0.20 $41.46 $34.70
Cash Flow 272,304,081 $34.74 $41.42
Capital Expenditures -77,109,400 $37.24 $38.91
Long Term Debt 0 $38.08 $38.08

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $43.04 (CAD) for LB:TSE. We also generated a valuation of $55.26 (CAD) using other metrics and comparables.
The comparable companies were and Canadian Western Bank (CWB:TSE).

Company LB:TSE End Date Value
Earnings/Share $5.10 (CAD)
Book Value/Share $53.24 (CAD)
Sales/Share $25.42 (CAD)
Cash Flow/Share $21.75 (CAD)
EBITDA/Share $25.80 (CAD)
Price Based on Comps Adjustment Factor (%)
$53.49 (CAD) -28.1
$59.38 (CAD) -21.7
$82.80 (CAD) -46.7
($197.11) (CAD) -59.0
$0.00 (CAD) 13.7
LB:TSE Ratios Used Average Values CWB:TSE
7.72 PE Ratio 10.49 10.49
0.78 PB Ratio 1.12 1.12
1.64 PS Ratio 3.26 3.26
1.92 PCF Ratio 0.00 0.00
0.00 EV to EBITDA 0.00 0.00

Multiples

Using a multiples approach we generated a valuation of  $134.78 (CAD) for LB:TSE

Company LB:TSE End Date Value
Earnings/Share $5.10 (CAD)
Book Value/Share $53.24 (CAD)
Sales/Share $25.42 (CAD)
Cash Flow/Share $21.75 (CAD)
EBITDA/Share $25.80 (CAD)
Price Based on Comps Adjustment Factor
$59.53 (CAD) 0
$55.58 (CAD) 0
$42.59 (CAD) 0
$48.25 (CAD) 0
$467.97 (CAD) 0
Ratios Ratio Average
PE Ratio 11.67
PB Ratio 1.04
PS Ratio 1.68
PCF Ratio 2.22
EV to EBITDA 18.14

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  LB:TSE for the last 10 years was  1.04

We ran the Adjusted Book Value for  LB:TSE and generated a book value of  $59.33 (CAD)
By multiplying these we get an adjusted valuation of  $61.84 (CAD)

Analyst Data

In the Stockcalc database there are 9 analysts that provide a valuation for LB:TSE. The 9 analysts have a concensus valuation for LB:TSE for 2019 of $43.89 (CAD).

LB:TSE Laurentian Bank

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
1 6 2 2.7778 Hold 2018-12-7

Current Price: 38.76 CAD

Analyst Consensus
CAD Millions 2019 2020 2021
Mean EPS 5.09 5.36 4.89
# EPS Analysts 9 9 1
Mean Revenue 1,043.30 1,096.10 1,088.70
# Revenue Analysts 8 8 1
Mean Target Price 43.89
Mean Cash Flow
Mean EBITDA
Mean Net Income
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


Hormel Foods (HRL:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Hormel Foods(HRL:NYS)

Consumer Defensive:Packaged Foods

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$44.26 (USD) 10/12/2018

Weighted Valuation
$41.09 (USD)

Overall Rating
Overvalued by 7.2%

Valuation Models Analyst Consensus: $37.00 (USD)
(in order of importance) Discounted Cash Flow: $46.69 (USD)
Adjusted Book Value: $42.16 (USD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Overvalued on a Comparable Valuation
Asset: Fairly valued on an Asset Valuation

Company Overview (HRL:NYS USD)

Price 44.26
Range 43.76 – 44.69
52 week 32.21 – 45.89
Open 44.50
Vol / Avg. 2.35M/3.68M
Mkt cap 23.66B
P/E 23.80
Div/yield 0.75/0.02
EPS 1.86
Shares 534.6M
Beta 0.13

Company Description

Hormel Foods Corp manufactures, sells, and distributes a variety of food products, primarily pork and turkey. In addition to commodity meat sales and meat products under its namesake brand (particularly bacon, pepperoni, and chili), Hormel owns the Spam, Jennie-O Turkey, Skippy, Muscle Milk, and Applegate labels. Sales of commodity products represent only about 20% of the portfolio, with the remainder from value-added offerings. The firm sells the vast majority of its products in the U.S. (94% in fiscal 2017). Over two thirds of Hormel’s fiscal 2017 sales came from perishable (54%) and poultry ( primarily turkey; 19%) items, with the remainder from shelf-stable products.

Valuation Details

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for HRL:NYS

Using a discounted cash flow model we generated an intrinsic value of $46.69 (USD) for HRL:NYS

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

HRL:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $46.69 1% 5% 1% 5%
WACC (or Ke) 4.42 $60.66 $37.87
Terminal Growth Rate 0.00 $38.58 $59.53
Tax Rate 0.14 $49.47 $43.90
Cash Flow 1,502,495,746 $43.97 $49.41
Capital Expenditures -224,169,200 $46.32 $47.05
Long Term Debt 395,000,000 $46.72 $46.65

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $30.63 (USD) for HRL:NYS. We also generated a valuation of $42.05 (USD) using other metrics and comparables.
The comparable companies were Conagra Brands (CAG:NYS), General Mills (GIS:NYS), Kraft Heinz (KHC:NAS) and McCormick & Co (MKC.V:NYS).

Company HRL:NYS End Date Value
Earnings/Share $1.86 (USD)
Book Value/Share $10.09 (USD)
Sales/Share $17.55 (USD)
Cash Flow/Share $2.25 (USD)
EBITDA/Share $2.52 (USD)
Price Based on Comps Adjustment Factor (%)
$26.38 (USD) -41.6
$39.26 (USD) -36.1
$40.57 (USD) 20.7
$49.29 (USD) -55.3
$41.55 (USD) 1.8
HRL:NYS Ratios Used Average Values CAG:NYS GIS:NYS KHC:NAS MKC.V:NYS
25.33 PE Ratio 14.18 15.85 11.75 6.05 23.07
4.47 PB Ratio 3.89 4.20 4.05 0.95 6.36
2.57 PS Ratio 2.31 1.63 1.55 2.38 3.68
20.00 PCF Ratio 22.37 14.21 8.73 44.47 22.08
17.93 EV to EBITDA 16.50 15.20 12.87 13.94 23.98

Multiples

Using a multiples approach we generated a valuation of  $39.86 (USD) for HRL:NYS

Company HRL:NYS End Date Value
Earnings/Share $1.86 (USD)
Book Value/Share $10.09 (USD)
Sales/Share $17.55 (USD)
Cash Flow/Share $2.25 (USD)
EBITDA/Share $2.52 (USD)
Price Based on Comps Adjustment Factor
$43.13 (USD) 0
$41.04 (USD) 0
$35.54 (USD) 0
$45.37 (USD) 0
$34.21 (USD) 0
Ratios Ratio Average
PE Ratio 23.19
PB Ratio 4.07
PS Ratio 2.02
PCF Ratio 20.12
EV to EBITDA 13.59

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  HRL:NYS for the last 10 years was  4.02

We ran the Adjusted Book Value for  HRL:NYS and generated a book value of  $10.49 (USD)
By multiplying these we get an adjusted valuation of  $42.16 (USD)

Analyst Data

In the Stockcalc database there are 2 analysts that provide a valuation for HRL:NYS. The 2 analysts have a concensus valuation for HRL:NYS for 2019 of $37.00 (USD).

HRL:NYS Hormel Foods

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
0 2 0 2.6667 Hold 2018-12-7

Current Price: 44.26 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS 1.80 1.83 1.85
# EPS Analysts 3 2 1
Mean Revenue 9,793.00 9,883.80
# Revenue Analysts 3 2
Mean Target Price 37.00
Mean Cash Flow 2.23 2.17
Mean EBITDA 1,445.10 1,475.80
Mean Net Income 981.40 1,008.80
Mean Debt Outstanding 14.10 -410.00
Mean Tax Rate 21.00 21.00
Mean Growth Rate 6.31
Mean Capital Expenditure 313.60 200.00

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on stockcalc.com for further information.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.


Pine Cliff Energy (PNE.R:TSX) Is Fully Valued

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Fully Valued Stocks on TSX

Today we are looking at companies that are considered fully valued based on the Analyst data in the StockCalc database.

In this table we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSX

Today’s data is for companies listed on the TSX Venture Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
PNE.R Pine Cliff Energy Ltd 2019 0.920000 0.4250 CAD 12

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

PNE.R:TSX Pine Cliff Energy

http://www.pinecliffenergy.com
Pine Cliff Energy has 91 employees and is headquartered in Canada.
Pine Cliff Energy Ltd is a natural gas-focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Canadian National Railway (CNR:TSE) and Bank of Montreal (BMO:TSE) Are Undervalued

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Undervalued Stocks on TSE

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
CNR Canadian National Railway Co 2019 104.880000 123.6723 CAD 12
SU Suncor Energy Inc 2019 41.880000 61.7333 CAD 15
BMO Bank of Montreal 2019 92.710000 112.3333 CAD 9
CM Canadian Imperial Bank of Commerce 2019 107.470000 131.6250 CAD 8
CNQ Canadian Natural Resources Ltd 2019 35.830000 55.1875 CAD 16
CP Canadian Pacific Railway Ltd 2019 252.000000 321.3941 CAD 12
WN George Weston Ltd 2019 94.810000 114.2500 CAD 4
CTC.A Canadian Tire Corp Ltd 2019 144.900000 188.3333 CAD 9
WFT West Fraser Timber Co.Ltd 2019 71.080000 87.3333 CAD 6
VET Vermilion Energy Inc 2019 31.230000 52.2500 CAD 12
X TMX Group Ltd 2019 75.380000 97.5000 CAD 6
DOO BRP Inc 2019 39.100000 68.5000 CAD 8
LNR Linamar Corp 2019 46.340000 77.0000 CAD 6
PBH Premium Brands Holdings Corp 2019 78.290000 94.5000 CAD 10
BYD.UN Boyd Group Income Fund 2019 113.800000 131.0208 CAD 12
MRC Morguard Corp 2019 175.060000 205.0000 CAD 2
ENGH Enghouse Systems Ltd 2019 67.970000 88.5000 CAD 4
LAS.A Lassonde Industries Inc 2019 200.570000 245.0000 CAD 2
MAXR Maxar Technologies Ltd 2019 18.800000 38.4959 CAD 10
EQB Equitable Group Inc 2019 62.700000 81.2857 CAD 7
CJT Cargojet Inc 2019 76.170000 95.0000 CAD 7
CGO Cogeco Inc 2019 62.110000 88.0000 CAD 2
AFN Ag Growth International Inc 2019 50.030000 71.3750 CAD 8
GSY goeasy Ltd 2019 36.630000 61.1667 CAD 6
TRIL Trillium Therapeutics Inc 2019 2.830000 19.9506 CAD 1

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

CNR:TSE Canadian National Railway

http://www.cn.ca
Canadian National Railway has 26143 employees and is headquartered in Canada.
Canadian National Railway Co is engaged in the transport sector. Its primary occupation is the rail and related transportation business.

BMO:TSE Bank of Montreal

https://www.bmo.com
Bank of Montreal has 45000 employees and is headquartered in Canada.
Bank of Montreal provides diversified financial services primarily in North America. The company offers broad range of personal and commercial banking, wealth management and investment banking products and services.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

PepsiCo (PEP:NAS) and Monster Beverage (MNST:NAS) Downgraded

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Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
WP Worldpay Inc 5 0 2 0 0 0 4.4286 4.5000 Outperform
KR The Kroger Co 4 0 5 0 1 0 3.6000 3.7000 Outperform
SLF Sun Life Financial Inc 3 3 5 0 0 0 3.8182 3.9167 Outperform
GPN Global Payments Inc 5 1 2 0 0 0 4.3750 4.4286 Outperform
TRU TransUnion 1 0 2 0 0 0 3.6667 4.0000 Outperform
CGC Canopy Growth Corp 2 3 1 0 0 0 4.1667 4.2000 Outperform
NLSN Nielsen Holdings PLC 1 0 3 0 0 0 3.5000 3.6667 Hold
ACB Aurora Cannabis Inc 2 2 1 0 0 0 4.2000 4.2500 Outperform
SERV ServiceMaster Global Holdings Inc 2 0 1 0 0 0 4.3333 5.0000 Outperform
MMS Maximus Inc 0 0 1 0 0 0 3.0000 3.5000 Hold
YELP Yelp Inc 4 0 1 0 2 0 3.5714 3.7500 Outperform
JAG Jagged Peak Energy Inc 1 0 4 0 0 0 3.4000 3.6667 Hold
WDR Waddell & Reed Financial Inc 1 0 1 0 2 0 2.5000 2.6000 Underperform
KRP Kimbell Royalty Partners LP 1 0 1 0 0 0 4.0000 5.0000 Outperform
TTI Tetra Technologies Inc 1 0 1 0 0 0 4.0000 4.3333 Outperform
RNGR Ranger Energy Services Inc 0 0 1 0 0 0 3.0000 4.0000 Hold
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
SLF Sun Life Financial Inc 3 3 5 0 0 0 3.8182 3.9167 Outperform
WEED Canopy Growth Corp 2 3 1 0 0 0 4.1667 4.2000 Outperform
ACB Aurora Cannabis Inc 2 2 1 0 0 0 4.2000 4.2500 Outperform
HEXO HEXO Corp 3 4 0 0 0 0 4.4286 4.5000 Outperform
WDO Wesdome Gold Mines Ltd 7 4 0 0 0 0 4.6364 4.7273 Buy
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
VPY VersaPay Corp 1 1 1 0 0 0 4.0000 4.6667 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
PEP PepsiCo Inc 4 0 4 0 0 0 4.0000 4.1250 Outperform
MNST Monster Beverage Corp 4 0 1 0 0 0 4.6000 4.6667 Buy
FTNT Fortinet Inc 3 0 5 0 1 0 3.4444 3.5000 Hold
DBX Dropbox Inc 4 0 0 1 0 0 4.4000 5.0000 Outperform
OLED Universal Display Corp 2 0 2 0 0 0 4.0000 4.2000 Outperform
FEYE FireEye Inc 3 0 4 1 0 0 3.6250 3.8571 Outperform
ACIW ACI Worldwide Inc 1 0 2 0 0 0 3.6667 4.0000 Outperform
VRNT Verint Systems Inc 2 0 1 0 0 0 4.3333 5.0000 Outperform
SCWX SecureWorks Corp 1 0 1 0 1 0 3.0000 3.3333 Hold
DLTH Duluth Holdings Inc 0 0 1 0 0 0 3.0000 5.0000 Hold
ERII Energy Recovery Inc 1 0 1 0 0 0 4.0000 5.0000 Outperform

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

PEP:NAS PepsiCo

http://www.pepsico.com
PepsiCo has 263000 employees and is headquartered in United States.
PepsiCo Inc is a food, snack and beverage company. It manufactures, markets, distributes and sells convenient and enjoyable beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.

MNST:NAS Monster Beverage

http://www.monsterbevcorp.com
Monster Beverage has 2114 employees and is headquartered in United States.
Monster Beverage Corp develops, markets, sells and distributes energy drink beverages and/or concentrates for energy drink beverages. Its brands include Monster Energy, Java Monster, Monster Rehab, NOS, Full Throttle, Mother, among others.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Phillips 66 (PSX:NYS) and IHS Markit (INFO:NAS) Upgraded

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Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
PSX Phillips 66 2 1 2 0 0 0 4.0000 3.8000 Outperform
GPC Genuine Parts Co 1 0 1 0 0 0 4.0000 3.6667 Outperform
EFX Equifax Inc 8 4 1 0 0 0 4.5385 4.5000 Buy
ALB Albemarle Corp 5 1 2 0 0 0 4.3750 4.2222 Outperform
FDS FactSet Research Systems Inc 0 0 6 0 2 0 2.5000 2.4286 Underperform
HP Helmerich & Payne Inc 3 0 4 1 0 0 3.6250 3.3750 Outperform
UFS Domtar Corp 1 1 6 0 0 0 3.3750 3.3333 Hold
PARR Par Pacific Holdings Inc 2 0 1 0 0 0 4.3333 4.0000 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
DOL Dollarama Inc 1 6 4 0 0 0 3.7273 3.7000 Outperform
UFS Domtar Corp 1 1 6 0 0 0 3.3750 3.3333 Hold
TCS Tecsys Inc 2 4 1 0 0 0 4.1429 4.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
INFO IHS Markit Ltd 2 0 4 0 0 0 3.6667 3.4000 Outperform
CTAS Cintas Corp 1 0 4 0 1 0 3.0000 2.6000 Hold
COLM Columbia Sportswear Co 3 0 1 0 0 0 4.5000 4.0000 Outperform
JACK Jack In The Box Inc 1 0 2 0 0 0 3.6667 3.5000 Outperform
FLMN Falcon Minerals Corp 1 0 0 0 0 0 5.0000 0.0000 Buy

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

PSX:NYS Phillips 66

http://www.phillips66.com
Phillips 66 has 14600 employees and is headquartered in United States.
Phillips 66 is an oil and gas company that purchases for resale and markets refined petroleum products. Its joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

INFO:NAS IHS Markit

https://www.ihsmarkit.com
IHS Markit has 13000 employees and is headquartered in United Kingdom.
IHS Markit Ltd is a provider of data and analytics to corporate and sovereign clients across various industries. It products include economic forecasting, cost modeling, risk assessments and scenario analysis, competitive benchmarking and consulting.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Liberty Expedia Holdings (LEXEA:NAS) and YRC Worldwide (YRCW:NAS) Trading at Less than Cash Value

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Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on NASDAQ

Today’s data is for companies listed on the NASDAQ.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
LEXEA Liberty Expedia Holdings Inc 41.190000 57315762 None 0.9672 52.55 -22.37
LEXEB Liberty Expedia Holdings Inc 39.630000 57315762 None 0.9305 52.55 -22.37
SOHU Sohu.com Ltd 22.270000 38916788 None 1.3045 29.71 23.98
YRCW YRC Worldwide Inc 5.110000 33848568 None None 5.71 -20.53
MGI MoneyGram International Inc 1.890000 55615351 None None 3.75 -12.48
SCPH scPharmaceuticals Inc 4.760000 18569289 None 1.0600 5.13 4.61
ETTX Entasis Therapeutics Holdings Inc 5.975000 13099735 None 0.8650 7.18 None
CAAS China Automotive Systems Inc 2.450000 31644004 None 0.2688 3.03 0.78
NLNK NewLink Genetics Corp 1.830000 37224606 None 0.5575 3.28 3.28
AQXP Aquinox Pharmaceuticals Inc 2.300000 23537368 None 0.7056 3.68 3.68
ARAV Aravive Inc 4.600000 11182025 4.4660 0.8073 5.60 5.41
JASN Jason Industries Inc 1.720000 27394978 None None 1.88 -12.57
VVUS VIVUS Inc 2.990000 10629923 None None 5.46 -22.78
APWC Asia Pacific Wire & Cable Corp Ltd 2.250000 13819669 7.7586 0.1965 3.91 1.37
GIGM GigaMedia Ltd 2.680000 11052235 None 0.5072 5.42 5.77
GEVO Gevo Inc 2.700000 8640433 None 0.2502 4.43 2.95
ONTX Onconova Therapeutics Inc 3.680000 5674220 None 1.9228 3.94 None
NVIV InVivo Therapeutics Holdings Corp 2.020000 9306255 None 1.0171 2.12 2.09
EPIX ESSA Pharma Inc 2.500000 5776098 None 1.3201 3.13 1.93
RLM Realm Therapeutics PLC 2.383700 4662476 None 0.4577 3.48 2.74
SAEX SAExploration Holdings Inc 3.640000 2917160 None 0.3250 6.97 -25.35
CLRB Cellectar Biosciences Inc 2.140000 4757786 None 0.7617 3.44 3.44
KBSF KBS Fashion Group Ltd 3.740000 2206741 None 0.1145 10.93 10.21
MBOT Microbot Medical Inc 1.950000 3012343 None 0.9684 2.22 3.89
TNXP Tonix Pharmaceuticals Holding Corp 2.940000 1529427 None 0.3280 9.59 1.17

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

LEXEA:NAS Liberty Expedia Holdings

http://www.libertyexpedia.com
Liberty Expedia Holdings has 23101 employees and is headquartered in United States.
Liberty Expedia Holdings Inc is an online travel company. It operates a strong brand portfolio with global reach, targeting a broad range of travelers, travel suppliers, and advertisers.

YRCW:NAS YRC Worldwide

http://www.yrcw.com
YRC Worldwide has 32000 employees and is headquartered in United States.
YRC Worldwide Inc offers transportation services. It has a comprehensive less-than-truckload networks in North America with local, regional, national and international capabilities.

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