intangible assets – Medielys http://medielys.com/ Thu, 27 Jan 2022 18:02:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://medielys.com/wp-content/uploads/2021/08/favicon-2-150x150.png intangible assets – Medielys http://medielys.com/ 32 32 What is book value per share (BVPS)? https://medielys.com/2022/01/19/what-is-book-value-per-share-bvps/ Wed, 19 Jan 2022 08:00:00 +0000 https://medielys.com/2022/01/19/what-is-book-value-per-share-bvps/ When you buy stock in a company, you are buying an equity stake. The value of this equity stake will change over time: it will rise and fall with the performance of the business. Much of it comes down to market sentiment: what someone else is willing to pay for that stake if you choose […]]]>

When you buy stock in a company, you are buying an equity stake. The value of this equity stake will change over time: it will rise and fall with the performance of the business. Much of it comes down to market sentiment: what someone else is willing to pay for that stake if you choose to sell. Investors who want a clear and unbiased valuation of their holding use metrics such as book value per share (BVPS) to fundamentally understand what it’s worth.

Book value per share represents the intrinsic value of a share of a company. If this company closed and was liquidated tomorrow, the BVPS is what each shareholder would receive as payment for their equity stake. This is an important number to know because, used as a benchmark, it can show how much the current stock is undervalued or overvalued by the market.

Here’s a deeper dive into book value per share, how to calculate it, what it means, and how to use it as a valuation measure to understand stock prices.

How to calculate book value per share

To understand book value per share, investors need to look at the company’s balance sheet. Specifically, represented equity (total equity minus preferred equity). Divide this equity by the total number of shares outstanding to get the BVPS price:

BVPS = Total Equity / Total Outstanding Shares

For example, if Company ABC has $750 million in equity on its balance sheet and total shares outstanding of 50 million, its BVPS is $15. This is the amount that each shareholder would receive after the company is liquidated and its debts paid. Note that preferred stockholders’ equity is not included in this calculation because such stockholders receive a prior claim in the event of liquidation.

At a glance: High or low book value per share

Investors using book value as a valuation measure, we look at how much above or below the current market value per share. BVPS is a useful benchmark for determining whether a stock is undervalued or overvalued by the market, and by how much. This is usually accomplished through comparative metrics such as the book-to-market ratio.

  • If the book value is lower than the market value, it is an overvalued signal.
  • If the book value is higher than the market value, it is an undervalued signal.
  • The higher or lower the book price is than the market value, the stronger the signal.

For example, if Company ABC’s BVPS is $15 and its market value is $30, investors might conclude that the market is overvaluing the stock by 100%. Likewise, if BVPS is $15 and the current price is $14, it is very slightly undervalued and could be a good value play.

BVPS vs Current Market Share Price

More often than not, a company’s book value per share will differ significantly from its current price, which is usually more expensive. A market share price above the BVPS indicates that investors are bullish on the company. They are willing to pay a premium above the current value of equity per share because they believe equity will soon increase as the business grows.

It is important to recognize that a higher market share does not necessarily mean that the company is overvalued. Because BVPS only looks balance sheet equity, it does not take into account intangible assets that have an impact on the company’s future sales and income. Comparing BVPS to the current stock price in the market is simply a way to put the stock price into context.

There are occasions when BVPS may be higher than the current stock price. These examples indicate bearish sentiment. Investors feel that the company is going to have a hard time and believe that equity will decline. For example, if a company faces protracted litigation that disrupts business operations, its stock price may be lower than the book value per share. Sometimes it signals a valuable investment.

How can companies increase BVPS?

There are three main ways companies can increase book value per share. Some occur naturally as a result of business growth; others are specific actions a company could use to tighten its financial position.

  • Increase assets. The more assets on a company’s balance sheet, the higher the BVPS due to the increase in common stock. This is the most common way for businesses to grow BVPS, as they naturally add assets as the business grows.
  • Reduce liabilities. In the same way, adding assets to the balance sheet increases the BVPS, reducing liabilities achieves the same result. It can also happen as a natural function of business growth as businesses pay off old debts.
  • Share buybacks. Reducing the total number of shares available drives up the company’s BVPS by strengthening the equity of outstanding shares. This usually happens after positive gains.

All of these strategies to increase BVPS revolve around strong profits. Businesses must have a healthy cash flow to bring in cash that is used to increase assets, reduce liabilities, or buy back stock.

Know the true value of your stock position

Although the price value of a stock changes every minute of every trading period based on investor sentiment and market conditions, it is still important to understand the book value per share. It’s the true value of your participation: the bare minimum of its value.

BVPS will tell you how much premium the company’s stock is trading for and may influence your thesis as to whether it’s a good addition to your portfolio. Remember that this is a static indicator and not forward-looking. Although it represents value, it does not take into account a company’s equity potential.


]]>
Buy these 5 price-to-book stocks in 2022 for gains https://medielys.com/2022/01/07/buy-these-5-price-to-book-stocks-in-2022-for-gains/ Fri, 07 Jan 2022 14:09:00 +0000 https://medielys.com/2022/01/07/buy-these-5-price-to-book-stocks-in-2022-for-gains/ Value investors have, over the years, favored the price / earnings or P / E ratio as a way to identify value stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P / S ratio is taken into account to determine their true value. However, the price-to-book […]]]>

Value investors have, over the years, favored the price / earnings or P / E ratio as a way to identify value stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P / S ratio is taken into account to determine their true value.

However, the price-to-book ratio (P / N ratio), while used less often, is also an easy-to-use valuation tool for identifying low-priced stocks with good returns.

The P / B ratio is calculated as below:

P / B ratio = market capitalization / book value of equity

The P / B ratio helps identify low-priced stocks that have high growth prospects. Ford Motor Company F, General Motors Society DG, Invesco IVZ, DXC Technology Company DXC and Atlas Corp. ATCO are just a few of those choices.

What is book value?

There are several ways to define the book value. Book value is the total value that would remain, according to the company’s balance sheet, in the event of immediate bankruptcy. In other words, this is what shareholders would theoretically receive if a company liquidated all of its assets after paying off all of its liabilities.

It is calculated by subtracting total liabilities from total assets of a business. In most cases, this is equivalent to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine the book value.

Understanding the P / B Ratio

By comparing the book value of equity to its market price, we get an idea of ​​whether a company is undervalued or overvalued. However, like the P / E or P / S ratio, it is always best to compare P / N ratios within industries.

An AP / E ratio of less than one means the stock is trading below its book value or the stock is undervalued and therefore is a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P / N ratio of 2 means we pay $ 2 for every $ 1 of book value. Thus, the higher the P / B, the more expensive the action.

But there is a caveat. An AP / E ratio of less than one can also mean that the company is generating low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the share price can be significantly high – thus pushing the P / B ratio to more than one – in the probable event that it has become a takeover target, reason enough to hold the share. ‘action.

In addition, the P / B ratio is not without limits. It is useful for businesses – like finance, investment, insurance, and banking or manufacturing companies – with many liquid / tangible assets on the books. However, this can be misleading for companies with large R&D spending, high debt, service companies, or those with negative profits.

In any case, the ratio is not particularly relevant as a stand-alone number. One should analyze other ratios such as P / E, P / S and debt / equity before making a reasonable investment decision.

Screening parameters

Price to Book (Common Equity) below the X-Industry median: A lower P / B than the industry average implies that there is enough room for the stock to win.

Sales price below the X-Industry median: The P / S ratio determines the market value for every dollar of the company’s sales / revenue – a lower ratio than the industry makes the stock attractive.

Price / profit using an F (1) estimate lower than the X-Industry median: The P / E (F1) ratio values ​​a company based on its current stock price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P / E ratio to the company’s future growth rate. The PEG ratio gives a more complete picture than the P / E ratio. A value less than 1 indicates that the stock is undervalued and that investors should pay less for a stock that has good prospects for earnings growth.

Current price greater than or equal to $ 5: They must all trade at a minimum of $ 5 or more.

Average volume over 20 days greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.

Rank of Zacks less than or equal to # 2: Zacks Rank # 1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Note Equal to A or B: Our research shows that stocks with a value score of A or B, when combined with a Zacks # 1 or 2 ranking, offer the best opportunities in the value investing space.

Here are our five choices among the 12 actions that qualified the screening:

Ford Motor Company designs, manufactures, markets and services Lincoln cars, trucks, sport utility vehicles, electrified vehicles and luxury vehicles.

Ford Motor has a projected 3 to 5 year EPS growth rate of 24.7%. Ford Motor currently has a Zacks # 1 ranking and a value score of A. You can see The full list of today’s Zacks # 1 Rank stocks here.

Invesco acts as an independent investment manager and offers a wide range of investment products and services. As of September 30, 2021, Invesco had offices in more than 20 countries and assets under management worth $ 1.53 trillion.

Invesco currently has a Zacks Rank # 2 and a Value Score of A. Invesco has a projected 3 to 5 year EPS growth rate of 13.5%.

General Motors Company is one of the largest automobile manufacturers in the world. The leading U.S. automaker aims to spend more than $ 27 billion by 2025 to launch next-generation electric vehicles powered by new, low-cost batteries. General Motors plans to roll out 11 new electric vehicles as part of its ambitious plans through 2025, including at least 20 new models by 2023.

General Motors has a Zacks Rank # 2 and a Value Score of A. Celestica has a 3 to 5 year projected EPS growth rate of 9.9%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank # 2 and a Value Score of A.

DXC Technology Company was formed by the amalgamation of Computer Sciences Corporation (“CSC”) and the Enterprise Services Division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company a a forecast of 3-5- annual EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent owner and manager of container ships.

Atlas Corp. has a projected 3 to 5 year EPS growth rate of 27.9%. Atlas Corp. currently has a Zacks Rank # 1 and a Value Score of A.

Get the rest of the actions on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and backtesting software.

The Research Assistant is a great place to start. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your research assistant trial today. And the next time you read an economic report, open the research assistant, plug in your findings, and see what gems come out of it.

Click here to sign up for a free trial of the Research Assistant today.

Disclosure: Officers, directors and / or employees of Zacks Investment Research may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document. An affiliated investment advisory firm may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document.

Disclosure: Information on the performance of Zacks’ portfolios and strategies can be found at: https://www.zacks.com/performance

Boom in infrastructure stocks will sweep America

A massive push to rebuild crumbling American infrastructure will soon be underway. It is bipartisan, urgent and inevitable. Billions will be spent. Fortunes will be made.

The only question is, “Are you going to jump into good stocks early when they have the greatest potential for growth?” “

Zacks published a special report to help you do just that, and today it’s free. Discover 7 special companies looking to make the most of the construction and repair of roads, bridges and buildings, as well as transporting goods and transforming energy on an almost unimaginable scale.

Download FREE: How to Profit from Billions of Dollars in Infrastructure Spending >>

Click to get this free report

Ford Motor Company (F): Free Stock Analysis Report

Invesco Ltd. (IVZ): Free Stock Analysis Report

General Motors Company (GM): Free Inventory Analysis Report

DXC technology company. (DXC): Free Stock Analysis Report

Atlas Corp. (ATCO): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

]]>
Buy These 5 Stock Price / Book Value in 2022 for Gains – January 7, 2022 https://medielys.com/2022/01/07/buy-these-5-stock-price-book-value-in-2022-for-gains-january-7-2022/ Fri, 07 Jan 2022 13:33:10 +0000 https://medielys.com/2022/01/07/buy-these-5-stock-price-book-value-in-2022-for-gains-january-7-2022/ [ad_1] Value investors have, over the years, favored the price / earnings or P / E ratio as a way to identify value stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P / S ratio is taken into account to determine their true value. However, the […]]]>


[ad_1]

Value investors have, over the years, favored the price / earnings or P / E ratio as a way to identify value stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P / S ratio is taken into account to determine their true value.

However, the price-to-book ratio (P / N ratio), while used less often, is also an easy-to-use valuation tool for identifying low-priced stocks with good returns.

The P / B ratio is calculated as below:

P / B ratio = market capitalization / book value of equity

The P / B ratio helps identify low-priced stocks that have high growth prospects. Ford Motor Company (F Free report), General Motors Society (DG Free report), Invesco (IVZ Free report), DXC Technology Company (DXC Free report) and Atlas Corp. (ATCO Free Report) are just a few of those choices.

What is book value?

There are several ways to define the book value. Book value is the total value that would remain, according to the company’s balance sheet, in the event of immediate bankruptcy. In other words, this is what shareholders would theoretically receive if a company liquidated all of its assets after paying off all of its liabilities.

It is calculated by subtracting total liabilities from total assets of a business. In most cases, this is equivalent to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine the book value.

Understanding the P / B Ratio

By comparing the book value of equity to its market price, we get an idea of ​​whether a company is undervalued or overvalued. However, like the P / E or P / S ratio, it is always best to compare P / N ratios within industries.

An AP / E ratio of less than one means the stock is trading below its book value or the stock is undervalued and therefore is a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P / N ratio of 2 means we pay $ 2 for every $ 1 of book value. Thus, the higher the P / B, the more expensive the action.

But there is a caveat. An AP / E ratio of less than one can also mean that the company is generating low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the share price can be significantly high – thus pushing the P / B ratio to more than one – in the probable event that it has become a takeover target, reason enough to hold the share. ‘action.

In addition, the P / B ratio is not without limits. It is useful for businesses – like finance, investment, insurance, and banking or manufacturing companies – with many liquid / tangible assets on the books. However, this can be misleading for companies with large R&D spending, high debt, service companies, or those with negative profits.

In any case, the ratio is not particularly relevant as a stand-alone number. One should analyze other ratios such as P / E, P / S and debt / equity before making a reasonable investment decision.

Screening parameters

Price to Book (Common Equity) below the X-Industry median: A lower P / B than the industry average implies that there is enough room for the stock to win.

Sales price below the X-Industry median: The P / S ratio determines the market value for every dollar of the company’s sales / revenue – a lower ratio than the industry makes the stock attractive.

Price / profit using an F (1) estimate lower than the X-Industry median: The P / E (F1) ratio values ​​a company based on its current stock price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P / E ratio to the company’s future growth rate. The PEG ratio gives a more complete picture than the P / E ratio. A value less than 1 indicates that the stock is undervalued and that investors should pay less for a stock that has good prospects for earnings growth.

Current price greater than or equal to $ 5: They must all trade at a minimum of $ 5 or more.

Average volume over 20 days greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.

Rank of Zacks less than or equal to # 2: Zacks Rank # 1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score Equal to A or B: Our research shows that stocks with a value score of A or B, when combined with a Zacks # 1 or 2 ranking, offer the best opportunities in the investment space. valuable.

Here are our five choices among the 12 actions that qualified the screening:

Ford Motor Company designs, manufactures, markets and services Lincoln cars, trucks, sport utility vehicles, electrified vehicles and luxury vehicles.

Ford Motor has a projected 3 to 5 year EPS growth rate of 24.7%. Ford Motor currently has a Zacks Rank # 1 and Value Score of A. You can see the full list of Zacks # 1 Rank stocks today here.

Invesco acts as an independent investment manager and offers a wide range of investment products and services. As of September 30, 2021, Invesco had offices in more than 20 countries and assets under management worth $ 1.53 trillion.

Invesco currently has a Zacks Rank # 2 and a Value Score of A. Invesco has a projected 3 to 5 year EPS growth rate of 13.5%.

General Motors Company is one of the largest automobile manufacturers in the world. The leading U.S. automaker aims to spend more than $ 27 billion by 2025 to launch next-generation electric vehicles powered by new, low-cost batteries. General Motors plans to roll out 11 new electric vehicles as part of its ambitious plans through 2025, including at least 20 new models by 2023.

General Motors has a Zacks Rank # 2 and a Value Score of A. Celestica has a 3 to 5 year projected EPS growth rate of 9.9%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank # 2 and a Value Score of A.

DXC Technology Company was formed by the amalgamation of Computer Sciences Corporation (“CSC”) and the Enterprise Services Division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company a a forecast of 3-5- annual EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent owner and manager of container ships.

Atlas Corp. has a projected 3 to 5 year EPS growth rate of 27.9%. Atlas Corp. currently has a Zacks Rank # 1 and a Value Score of A.

Get the rest of the actions on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and backtesting software.

The Research Assistant is a great place to start. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your research assistant trial today. And the next time you read an economic report, open the research assistant, plug in your findings, and see what gems come out of it.

Click here to sign up for a free trial of the Research Assistant today.

Disclosure: Officers, directors and / or employees of Zacks Investment Research may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document. An affiliated investment advisory firm may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document.

Disclosure: Information on the performance of Zacks’ portfolios and strategies can be found at: https://www.zacks.com/performance

[ad_2]

]]>
Buy These 5 Price-to-Book Value Stocks in 2022 for Gains https://medielys.com/2022/01/07/buy-these-5-price-to-book-value-stocks-in-2022-for-gains/ Fri, 07 Jan 2022 08:00:00 +0000 https://medielys.com/2022/01/07/buy-these-5-price-to-book-value-stocks-in-2022-for-gains/ Value investors have over the years preferred the price-to-earnings or P/E ratio as a way to identify value-oriented stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P/S ratio is taken into account to determine their true value. However, the price-to-book ratio (P/B ratio), although used less […]]]>

Value investors have over the years preferred the price-to-earnings or P/E ratio as a way to identify value-oriented stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P/S ratio is taken into account to determine their true value.

However, the price-to-book ratio (P/B ratio), although used less often, is also an easy-to-use valuation tool for identifying low-priced stocks with excellent returns.

The P/B ratio is calculated as follows:

P/B ratio = market capitalization / book value of equity

The P/B ratio helps identify low-priced stocks that have high growth prospects. Ford Motor Company F, General Motors Society GM, Invesco IVZ, DXC Technology Company DXC and Atlas Corp. ATCO are some of those choices.

What is the book value?

There are several ways to define book value. Book value is the total value that would remain, according to the company’s balance sheet, if it went bankrupt immediately. In other words, it’s what shareholders would theoretically receive if a company liquidated all of its assets after settling all of its liabilities.

It is calculated by subtracting the total liabilities from the total assets of a business. In most cases, this equates to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine book value.

Understanding the P/B ratio

By comparing the book value of equity to its market price, we get an idea if a company is undervalued or overvalued. However, like the P/E or P/S ratio, it is always best to compare P/B ratios within industries.

An AP/B ratio of less than one means the stock is trading at a price below its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P/B ratio of 2 means we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.

But there is a caveat. An AP/B ratio of less than one can also mean that the company is getting low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the stock price can be significantly high – thus pushing the P/B ratio to more than one – in the likely event that it has become a buyout target, reason enough to hold the stock. .

Moreover, the P/B ratio is not without limits. It is useful for businesses – like finance, investments, insurance and banking or manufacturing companies – with many liquid/tangible assets on the books. However, this can be misleading for companies with large R&D expenses, high debt, service companies, or those with negative earnings.

In any case, the ratio is not particularly relevant as a stand-alone number. Other ratios such as P/E, P/S and debt/equity should be analyzed before making a reasonable investment decision.

Screening Parameters

Price to Book (common Equity) below the X-Industry median: A lower P/B relative to the industry average implies that there is enough room for the stock to win.

Selling price below median X-Industry: The P/S ratio determines how much the market values ​​each dollar of the company’s sales/revenue – a lower ratio than the industry makes the stock attractive.

Price/earnings ratio using F(1) estimate below industry median X: The P/E (F1) ratio values ​​a company based on its current share price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P/E ratio to the future growth rate of the company. The PEG ratio gives a more complete picture than the P/E ratio. A value below 1 indicates the stock is undervalued and investors should pay less for a stock that offers good earnings growth prospects.

Current price greater than or equal to $5: They must all trade at a minimum of $5 or more.

Average volume over 20 days greater than or equal to 100,000: Substantial trading volume ensures that the stock is easily tradable.

Zacks rating less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score of A or B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks #1 or 2 ranking, offer the best opportunities in the investment space valuable.

Here are our five picks from the 12 stocks that qualified the selection:

Ford Motor Company designs, manufactures, markets and services Lincoln cars, trucks, sport utility vehicles, electrified vehicles and luxury vehicles.

Ford Motor forecasts an EPS growth rate of 24.7% over 3 to 5 years. Ford Motor currently has a Zacks Rank #1 and a Value Score of A. You can see the full list of today’s Zacks Rank #1 stocks here.

Invesco operates as an independent investment manager and offers a wide range of investment products and services. As of September 30, 2021, Invesco had offices in over 20 countries and an AUM worth $1.53 trillion.

Invesco currently has a Zacks No. 2 ranking and a value score of A. Invesco has an expected EPS growth rate of 13.5% over 3-5 years.

General Motors Company is one of the largest automobile manufacturers in the world. The top US automaker aims to spend more than $27 billion through 2025 to launch next-generation electric vehicles powered by new low-cost batteries. General Motors plans to roll out 11 new electric vehicles as part of its ambitious plans through 2025, including at least 20 new models by 2023.

General Motors has a Zacks rank of No. 2 and a value score of A. Celestica has an expected 3-5 year EPS growth rate of 9.9%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank #2 and a Value Score of A.

DXC Technology Company was formed by the merger of Computer Sciences Corporation (“CSC”) and the business services division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company has a forecast of 3-5-year EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent charterer and manager of container ships.

Atlas Corp. forecast an EPS growth rate of 27.9% over 3 to 5 years. Atlas Corp. currently has a Zacks rank #1 and a value score of A.

Get the rest of the stocks on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and back testing software.

The research assistant is a great starting point. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your search assistant trial today. And the next time you’re reading an economic report, open up the research assistant, plug in your findings, and see what gems come out.

Click here to sign up for a free trial of Research Assistant today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold securities short and/or hold long and/or short positions in the options mentioned herein. An affiliated investment advisory firm may hold or have shorted securities and/or hold long and/or short positions in options mentioned herein.

Disclosure: Information on the performance of Zacks portfolios and strategies is available at: https://www.zacks.com/performance

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Ford Motor Company (F): Free Inventory Analysis Report

Invesco Ltd. (IVZ): Free Stock Analysis Report

General Motors Company (GM): Free Inventory Analysis Report

DXC technology company. (DXC): Free Stock Analysis Report

Atlas Corp. (ATCO): Free Inventory Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research

]]>
5 low book value stocks to buy as 2022 approaches https://medielys.com/2021/12/22/5-low-book-value-stocks-to-buy-as-2022-approaches/ Wed, 22 Dec 2021 15:02:49 +0000 https://medielys.com/2021/12/22/5-low-book-value-stocks-to-buy-as-2022-approaches/

[ad_1]

In value analysis, although price-to-earnings (P / E) and price-to-sell (P / S) are the most popular with investors, price-to-book ratio (P / B ratio) under – rated is also an easy to use tool. valuation tool to identify low-priced stocks with exceptional returns. The ratio is used to compare the value / market price of a stock to its book value.

The P / B ratio is calculated as below:

P / B ratio = market price per share / book value of equity per share

The P / B ratio reflects the number of times book value investors are willing to pay for a stock. So if the stock price is $ 10 and the book value of equity is $ 5, investors are willing to pay twice the book value. Now let’s understand the concept of book value.

The P / B ratio helps identify low-priced stocks that have high growth prospects. ASE Technology Holding ASX, Bookmark Jewelers Limited GIS, Celestica CLS, DXC Technology Company DXC and Atlas Corp. ATCO are just a few of those choices.

What is book value?

There are several ways to define the book value. Book value is the total value that would remain, according to the company’s balance sheet, in the event of immediate bankruptcy. In other words, this is what shareholders would theoretically receive if a company liquidated all of its assets after paying off all of its liabilities.

It is calculated by subtracting total liabilities from total assets of a business. In most cases, this is equivalent to common shareholders’ equity on the balance sheet. However, depending on the company’s balance sheet, intangible assets must also be subtracted from total assets to determine book value.

Understanding the P / B Ratio

By comparing the book value of equity to its market price, we get an idea of ​​whether a company is undervalued or overvalued. However, like the P / E or P / S ratio, it is always best to compare P / N ratios within industries.

An AP / E ratio of less than one means the stock is trading below its book value or the stock is undervalued and therefore is a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P / N ratio of 2 means we pay $ 2 for every $ 1 of book value. Thus, the higher the P / B, the more expensive the action.

But there is a caveat. An AP / E ratio of less than one can also mean that the company is generating low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the share price can be significantly high – thus pushing the P / B ratio to more than one – in the probable event that it has become a takeover target, reason enough to hold the share. ‘action.

In addition, the P / B ratio is not without limits. It is useful for businesses – like finance, investment, insurance, and banking or manufacturing companies – with many liquid / tangible assets on the books. However, this can be misleading for companies with large R&D spending, high debt, service companies, or those with negative profits.

In any case, the ratio is not particularly relevant as a stand-alone number. One should analyze other ratios such as P / E, P / S and debt / equity before making a reasonable investment decision.

Screening parameters

Price to Book (Common Equity) below the X-Industry median: A lower P / B than the industry average implies that there is enough room for the stock to win.

Sales price below the X-Industry median: The P / S ratio determines the market value for every dollar of the company’s sales / revenue – a lower ratio than the industry makes the stock attractive.

Price / profit using an F (1) estimate lower than the X-Industry median: The P / E (F1) ratio values ​​a company based on its current share price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P / E ratio to the company’s future growth rate. The PEG ratio gives a more complete picture than the P / E ratio. A value less than 1 indicates that the stock is undervalued and that investors should pay less for a stock that has good prospects for earnings growth.

Current price greater than or equal to $ 5: They must all trade at a minimum of $ 5 or more.

Average volume over 20 days greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.

Rank of Zacks less than or equal to # 2: Zacks Rank # 1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score Equal to A or B: Our research shows that stocks with a value score of A or B, when combined with a Zacks # 1 or 2 ranking, offer the best opportunities in the investment space. valuable.

Here are our five choices among the 13 actions that qualified the screening:

ASE Technology Holding is a semiconductor assembly and test manufacturing service provider.

ASE Technology Holding has a projected 3 to 5 year EPS growth rate of 26.9%. ASE Technology Holding currently has a Zacks Rank # 2 and a Value Score of A. You can view the full list of Zacks # 1 Rank stocks today here.

Jewelers Signet rings Limited is a retailer of diamond jewelry, watches and other products. Signet Jewelers has a projected 3 to 5 year EPS growth rate of 8.0%.

Signet Jewelers currently has a Zacks # 1 rank and a value score of A.

Celestica is one of the largest electronics manufacturing services companies in the world, serving the computer and communications industries.

Celestica has a Zacks Rank # 2 and a Value Score of A. Celestica has a projected 3 to 5 year EPS growth rate of 10.2%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank # 2 and a Value Score of A.

DXC Technology Company was formed by the amalgamation of Computer Sciences Corporation (“CSC”) and the Enterprise Services Division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company a a forecast of 3-5- annual EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent owner and manager of container ships.

Atlas Corp. has a projected 3 to 5 year EPS growth rate of 27.9%. Atlas Corp currently has a Zacks Rank # 1 and a Value Score of A.

Get the rest of the actions on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and backtesting software.

The Research Assistant is a great place to start. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your research assistant trial today. And the next time you read an economic report, open the research assistant, plug in your findings, and see what gems come out of it.

Click here to sign up for a free trial of the Research Assistant today.

Disclosure: Officers, directors and / or employees of Zacks Investment Research may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document. An affiliated investment advisory firm may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document.

Disclosure: Information on the performance of Zacks’ portfolios and strategies can be found at: https://www.zacks.com/performance

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech industry is expected to exceed $ 2.4 trillion by 2028, as scientists develop treatments for thousands of diseases. They are also finding ways to modify the human genome to literally erase our vulnerability to these diseases.

Zacks just released Century of Biology: 7 Biotech Stocks To Buy Now To Help Investors Profit From 7 Stocks That Are Ready to Outperform. Recommendations from previous editions of this report produced gains of + 205%, + 258%, and + 477%. The actions in this report could perform even better.

See these 7 revolutionary actions now >>

Click to get this free report

Signet Jewelers Limited (SIG): Free Stock Analysis Report

Celestica, Inc. (CLS): Free Stock Analysis Report

ASE Technology Holding Co., Ltd. (ASX): Free Stock Analysis Report

DXC technology company. (DXC): Free Stock Analysis Report

Atlas Corp. (ATCO): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

[ad_2]

]]>
5 Low Price-to-Book Stocks to Buy in December – December 7, 2021 https://medielys.com/2021/12/07/5-low-price-to-book-stocks-to-buy-in-december-december-7-2021/ Tue, 07 Dec 2021 08:00:00 +0000 https://medielys.com/2021/12/07/5-low-price-to-book-stocks-to-buy-in-december-december-7-2021/ The price-to-book (P/B) ratio is widely favored by value-oriented investors to identify low-priced stocks offering exceptional returns. The ratio is used to compare the market value/price of a stock to its book value. The P/B ratio is calculated as follows: P/B ratio = market price per share / book value of equity per share The […]]]>

The price-to-book (P/B) ratio is widely favored by value-oriented investors to identify low-priced stocks offering exceptional returns. The ratio is used to compare the market value/price of a stock to its book value.

The P/B ratio is calculated as follows:

P/B ratio = market price per share / book value of equity per share

The P/B ratio reflects the number of times investors’ book value is willing to pay for a stock. So if the stock price is $10 and the equity book value is $5, investors are willing to pay double the book value. Ideally, a P/B value below 1.0 is considered good, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value below 3.0.

The P/B ratio helps identify low-priced stocks that have high growth prospects. ESA Technology (ASX free report), Knowledge base home (KBH free report), celestial (CLS free report), DXC Technology Company (DXC free report) and Atlas Corp. (ATCO Free Report) are some of those choices.

What is the book value?

There are several ways to define book value. Book value is the total value that would remain, according to the company’s balance sheet, if it went bankrupt immediately. In other words, it’s what shareholders would theoretically receive if a company liquidated all of its assets after settling all of its liabilities.

It is calculated by subtracting the total liabilities from the total assets of a business. In most cases, this equates to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine book value.

Understanding the P/B ratio

By comparing the book value of equity to its market price, we get an idea if a company is undervalued or overvalued. However, like the P/E or P/S ratio, it is always best to compare P/B ratios within industries.

An AP/B ratio of less than one means the stock is trading at a price below its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P/B ratio of 2 means we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.

But there is a caveat. An AP/B ratio of less than one can also mean that the company is getting low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the price of the stock may be significantly high – thereby pushing the P/B ratio to more than one – in the likely event that it has become a buyout target, reason enough to hold the stock. .

Moreover, the P/B ratio is not without limits. It is useful for businesses – such as finance, investments, insurance, and banking or manufacturing companies – with many liquid/tangible assets on the books. However, this can be misleading for companies with large R&D expenses, high debt, service companies, or those with negative earnings.

In any case, the ratio is not particularly relevant as a stand-alone number. Other ratios such as P/E, P/S and debt/equity should be analyzed before making a reasonable investment decision.

Screening Parameters

Price to Book (common Equity) below the X-Industry median: A lower P/B relative to the industry average implies that there is enough room for the stock to win.

Selling price below median X-Industry: The P/S ratio determines how much the market values ​​each dollar of the company’s sales/revenue – a lower ratio than the industry makes the stock attractive.

Price/earnings ratio using F(1) estimate below industry median X: The P/E (F1) ratio values ​​a company based on its current share price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P/E ratio to the future growth rate of the company. The PEG ratio gives a more complete picture than the P/E ratio. A value below 1 indicates the stock is undervalued and investors should pay less for a stock that offers good earnings growth prospects.

Current price greater than or equal to $5: They must all trade at a minimum of $5 or more.

Average volume over 20 days greater than or equal to 100,000: Substantial trading volume ensures that the stock is easily tradable.

Zacks rating less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score of A or B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks #1 or 2 ranking, offer the best opportunities in the investment space valuable.

Here are our five picks from the 15 stocks that qualified the selection:

ASE Technology Holding is a provider of semiconductor manufacturing services in the areas of assembly and testing.

ASE Technology Holding forecasts an EPS growth rate of 26.9% over 3 to 5 years. ASE Technology Holding currently has a Zacks Rank #2 and a Value Score of A. You can see the full list of today’s Zacks Rank #1 stocks here.

Knowledge base home is a well-known home builder in the United States and one of the largest in the United States. KB Home forecasts an EPS growth rate of 36.7% over 3 to 5 years.

KB Home currently has a Zacks Rank #2 and a Value Score of A.

celestial is one of the world’s largest electronics manufacturing services companies, serving the computer and communications industries.

Celestica has a Zacks rank of No. 2 and a value score of A. Celestica has an expected 3-5 year EPS growth rate of 10.2%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank #2 and a Value Score of A.

DXC Technology Company was formed by the merger of Computer Sciences Corporation (“CSC”) and the business services division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company has a forecast of 3-5-year EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent charterer and manager of container ships.

Atlas Corp. forecast an EPS growth rate of 27.9% over 3 to 5 years. Atlas Corp currently has a Zacks Rank #1 and a Value Score of A.

Get the rest of the stocks on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and back testing software.

The research assistant is a great starting point. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your search assistant trial today. And the next time you’re reading an economic report, open up the research assistant, plug in your findings, and see what gems come out.

Click here to sign up for a free trial of Research Assistant today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in the options mentioned herein. An affiliated investment adviser may hold or have shorted securities and/or hold long and/or short positions in options mentioned herein.

Disclosure: Information on the performance of Zacks portfolios and strategies is available at: https://www.zacks.com/performance

]]>
5 Low Price-to-Book Stocks to Buy in December https://medielys.com/2021/12/07/5-low-price-to-book-stocks-to-buy-in-december/ Tue, 07 Dec 2021 08:00:00 +0000 https://medielys.com/2021/12/07/5-low-price-to-book-stocks-to-buy-in-december/ The price-to-book (P/B) ratio is widely favored by value-oriented investors to identify low-priced stocks offering exceptional returns. The ratio is used to compare the market value/price of a stock to its book value. The P/B ratio is calculated as follows: P/B ratio = market price per share / book value of equity per share The […]]]>

The price-to-book (P/B) ratio is widely favored by value-oriented investors to identify low-priced stocks offering exceptional returns. The ratio is used to compare the market value/price of a stock to its book value.

The P/B ratio is calculated as follows:

P/B ratio = market price per share / book value of equity per share

The P/B ratio reflects the number of times investors’ book value is willing to pay for a stock. So if the stock price is $10 and the equity book value is $5, investors are willing to pay double the book value. Ideally, a P/B value below 1.0 is considered good, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value below 3.0.

The P/B ratio helps identify low-priced stocks that have high growth prospects. ESA Technology ASX, Knowledge base home KBH, celestial CLS, DXC Technology Company DXC and Atlas Corp. ATCO are some of those choices.

What is the book value?

There are several ways to define book value. Book value is the total value that would remain, according to the company’s balance sheet, if it went bankrupt immediately. In other words, it’s what shareholders would theoretically receive if a company liquidated all of its assets after settling all of its liabilities.

It is calculated by subtracting the total liabilities from the total assets of a business. In most cases, this equates to common shareholders’ equity on the balance sheet. However, according to the company’s balance sheet, intangible assets must also be subtracted from total assets to determine book value.

Understanding the P/B ratio

By comparing the book value of equity to its market price, we get an idea if a company is undervalued or overvalued. However, like the P/E or P/S ratio, it is always best to compare P/B ratios within industries.

An AP/B ratio of less than one means the stock is trading at a price below its book value, or the stock is undervalued and therefore a good buy. Conversely, a stock with a ratio greater than one can be interpreted as being overvalued or relatively expensive.

For example, a stock with a P/B ratio of 2 means we pay $2 for every $1 of book value. Thus, the higher the P/B, the more expensive the stock.

But there is a caveat. An AP/B ratio of less than one can also mean that the company is getting low or even negative returns on its assets or that the assets are overvalued, in which case the stock should be avoided as it can destroy shareholder value. Conversely, the price of the stock may be significantly high – thereby pushing the P/B ratio to more than one – in the likely event that it has become a buyout target, reason enough to hold the stock. .

Moreover, the P/B ratio is not without limits. It is useful for businesses – like finance, investments, insurance and banking or manufacturing companies – with many liquid/tangible assets on the books. However, this can be misleading for companies with large R&D expenses, high debt, service companies, or those with negative earnings.

In any case, the ratio is not particularly relevant as a stand-alone number. Other ratios such as P/E, P/S and debt/equity should be analyzed before making a reasonable investment decision.

Screening Parameters

Price to Book (common Equity) below the X-Industry median: A lower P/B relative to the industry average implies that there is enough room for the stock to win.

Selling price below median X-Industry: The P/S ratio determines how much the market values ​​each dollar of the company’s sales/revenue – a lower ratio than the industry makes the stock attractive.

Price/earnings ratio using F(1) estimate below industry median X: The P/E (F1) ratio values ​​a company based on its current share price relative to its estimated earnings per share – a lower ratio than the industry is considered better.

PEG less than 1: The PEG relates the P/E ratio to the future growth rate of the company. The PEG ratio gives a more complete picture than the P/E ratio. A value below 1 indicates the stock is undervalued and investors should pay less for a stock that offers good earnings growth prospects.

Current price greater than or equal to $5: They must all trade at a minimum of $5 or more.

Average volume over 20 days greater than or equal to 100,000: Substantial trading volume ensures that the stock is easily tradable.

Zacks rating less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform regardless of the market environment.

Value Score of A or B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks #1 or 2 ranking, offer the best opportunities in the investment space valuable.

Here are our five picks from the 15 stocks that qualified the selection:

ASE Technology Holding is a provider of semiconductor manufacturing services in the areas of assembly and testing.

ASE Technology Holding forecasts an EPS growth rate of 26.9% over 3 to 5 years. ASE Technology Holding currently has a Zacks Rank #2 and a Value Score of A. You can see the full list of today’s Zacks Rank #1 stocks here.

Knowledge base home is a well-known home builder in the United States and one of the largest in the United States. KB Home forecasts an EPS growth rate of 36.7% over 3 to 5 years.

KB Home currently has a Zacks Rank #2 and a Value Score of A.

celestial is one of the world’s largest electronics manufacturing services companies, serving the computer and communications industries.

Celestica has a Zacks rank of No. 2 and a value score of A. Celestica has an expected 3-5 year EPS growth rate of 10.2%.

DXC Technology Company provides information technology services and solutions primarily in North America, Europe, Asia and Australia. DXC Technology Company has a Zacks Rank #2 and a Value Score of A.

DXC Technology Company was formed by the merger of Computer Sciences Corporation (“CSC”) and the business services division of Hewlett Packard Enterprise (“HPE”), which was completed on April 1, 2017. DXC Technology Company has a forecast of 3-5-year EPS growth rate of 27.4%.

Atlas Corp. is an asset management company, which operates as an independent charterer and manager of container ships.

Atlas Corp. forecast an EPS growth rate of 27.9% over 3 to 5 years. Atlas Corp currently has a Zacks Rank #1 and a Value Score of A.

Get the rest of the stocks on the list and start testing this idea and others. All of this can be done with Research Wizard stock picking and back testing software.

The research assistant is a great starting point. It’s easy to use. Everything is in plain language. And it’s very intuitive. Start your search assistant trial today. And the next time you’re reading an economic report, open up the research assistant, plug in your findings, and see what gems come out.

Click here to sign up for a free trial of Research Assistant today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in the options mentioned herein. An affiliated investment advisory firm may hold or have shorted securities and/or hold long and/or short positions in options mentioned herein.

Disclosure: Information on the performance of Zacks portfolios and strategies is available at: https://www.zacks.com/performance

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

KB Home (KBH): Free Stock Analysis Report

Celestica, Inc. (CLS): Free Stock Analysis Report

ASE Technology Holding Co., Ltd. (ASX): Free Stock Analysis Report

DXC technology company. (DXC): Free Stock Analysis Report

Atlas Corp. (ATCO): Free Inventory Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research

]]>
Accord Financial reports record revenues, net income, funds employed and book value per common share https://medielys.com/2021/11/04/accord-financial-reports-record-revenues-net-income-funds-employed-and-book-value-per-common-share/ Thu, 04 Nov 2021 11:30:00 +0000 https://medielys.com/2021/11/04/accord-financial-reports-record-revenues-net-income-funds-employed-and-book-value-per-common-share/ [ad_1] TORONTO, November 4, 2021 / CNW / – Accord Financial Corp. (TSX: ACD) today released financial results for the three and nine months ended September 30, 2021. The financial figures presented in this press release are expressed in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards. SUMMARY OF FINANCIAL […]]]>


[ad_1]

TORONTO, November 4, 2021 / CNW / – Accord Financial Corp. (TSX: ACD) today released financial results for the three and nine months ended September 30, 2021. The financial figures presented in this press release are expressed in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.

SUMMARY OF FINANCIAL RESULTS

Three months ended

September 30

Nine months ended

September 30


2021

2020

2021

2020


$

$

$

$

Average funds employed (millions)

414

327

383

343

Revenue (in thousands)

16,119

12 312

45,015

35,598

Gains (losses) before income tax (in thousands)

3 132

(120)

10 083

(5,209)

Net income (loss) attributable to shareholders (in thousands)

2,643

566

8 313

(968)

Adjusted net income (loss) (in thousands) (note)

2 801

621

8 645

(63)

Earnings (loss) per common share (basic and diluted)

0.31

0.07

0.97

(0.11)

Adjusted earnings (loss) per common share (basic and diluted)

0.33

0.07

1.01

(0.01)

Book value per common share (September 30)



$ 11.31

$ 10.56

Third quarter revenue hits record $ 16,119,000 compared to $ 12,312,000 last year, mainly due to a 27% increase in average funds employed and other income. The average funds employed were $ 414 million during the current quarter compared to $ 327 million last year, ending the quarter at an all-time high $ 437 million.

Net income attributable to shareholders (“shareholders’ net income”) increased from $ 566,000 in the third quarter of last year for $ 2,643,000 in the third quarter of 2021 representing a clear recovery after the negative economic impacts of Covid-19. Earnings per common share (“EPS”) rose to 31 cents compared to 7 cents Last year. Adjusted net income was $ 2,801,000 compared to $ 621,000 in the third quarter of 2020, resulting in adjusted EPS of 33 cents compared to 7 cents Last year.

Revenues and profits for the first nine months reflect a steady growth in funds employed; average funds employed increased by 12% to reach $ 383 million compared to $ 343 million Last year. Portfolio growth and higher yields drove income up 26% to a record high in first nine months $ 45.0 million in 2021 compared to $ 35.6 million Last year. Shareholder net profit hit a record for the first nine months $ 8,313,000 rebound in net shareholder loss of $ 968,000 in 2020. The increase in net income results mainly from higher revenues and a decrease in the provision for losses. BPA was also a record for the first nine months 97 cents compared to a loss per common share (“LPS”) of 11 cents Last year. Adjusted net income for the first nine months of 2021 was a record $ 8,645,000 (EPS adjusted from $ 1.01) compared to an adjusted net loss of $ 63,000 (LPS adjusted from 1 cent) in the first nine months of 2020.

Commenting on the financial results, the President and CEO of the Company, Mr. Simon hitzig, said: “Accord’s strong performance in the third quarter and over nine months puts the company back on its pre-pandemic growth path. Coming out of the economic crisis, Accord has built four consecutive strong quarters, with year-over-year adjusted earnings per share. of $ 1.26. With the economy rebounding, we continue to capitalize on the development of innovative products, our strong market presence and our financial strength. Progress rarely follows a straight line, but the fundamentals are falling into place. ”

Mr. Hitzig added: “Accord’s record performance since the start of the year validates our strategy, and the constant improvement in operational efficiency, diversification and credit quality underpin the foundation, adding an element of strength and stability as we expect continued success in 2022. “

About Accord Financial Corp.
Financial Accord is North America the most dynamic trade finance company providing fast and versatile financing solutions to businesses in transition including factoring, inventory finance, equipment leasing, trade finance and film / media finance . Leveraging our unique combination of financial strength, deep experience and independent thinking, we design winning financial solutions for small and medium businesses, delivered simply, so our clients can thrive. For 43 years, Accord has helped businesses manage their cash flow and maximize financial opportunities.

Note: Non-IFRS measures

The Company’s financial statements have been prepared in accordance with IFRS. The Company uses a number of other financial measures to monitor its performance and believes that these measures may be useful to investors in assessing the operating performance and financial condition of the Company. These measures may not have standardized meanings or calculations as prescribed by IFRS that would ensure consistency between companies using these measures and are therefore considered non-IFRS measures. The non-IFRS measures presented in this press release are as follows:

1) Adjusted net earnings and adjusted EPS. The Company derives these measures from amounts presented in its financial statements prepared in accordance with IFRS. Adjusted net income includes shareholders’ net income before stock-based compensation, business acquisition costs (transaction and integration costs and amortization of intangible assets) and restructuring costs. Adjusted EPS (basic and diluted) is adjusted net income divided by the weighted average number of common shares outstanding (basic and diluted) during the period. Management believes that adjusted net income is a more appropriate measure of operating performance as it excludes items that are not directly related to ongoing operating activities. The following table presents a reconciliation of the Company’s net income to adjusted net income:


Three months ended September 30

Nine months ended September 30


2021

2020

2021

2020


$ ‘000

$ ‘000

$ ‘000

$ ‘000

Shareholders’ net profit:

2,643

566

8 313

(967)

Net tax adjustments:





Restructuring costs

139

186

738

Stock-based compensation expense

13

13

Business acquisition costs

6

55

133

166

Adjusted net profit

2 801

621

8 645

(63)

2) Book value per share – book value is equity and is the same as the net asset value (calculated as total assets less total liabilities) of the Company less non-controlling interests. Book value per share is the book value divided by the number of common shares outstanding on a particular date.

3) Funds employed are the Company’s financial receivables and loans, a measure in accordance with IFRS. The average funds employed are the average financial claims and loans calculated over a given period.

SOURCE Accord Financial Corp.

For more information: please visit www.accordfinancial.com or contact: Stuart Adair, Senior Vice President, Chief Financial Officer, Accord Financial Corp., 602 – 40 Eglinton Avenue East, Toronto, ON M4P 3A2, (416) 642- 5647, [email protected]

Related links

http://www.accordfinancial.com

[ad_2]

]]>
Accord Financial Reports Record Revenue, Net Income, Funds Employed and Book Value Per Common Share https://medielys.com/2021/11/04/accord-financial-reports-record-revenue-net-income-funds-employed-and-book-value-per-common-share/ Thu, 04 Nov 2021 07:00:00 +0000 https://medielys.com/2021/11/04/accord-financial-reports-record-revenue-net-income-funds-employed-and-book-value-per-common-share/ [ad_1] TORONTO, November 4, 2021 / CNW / – Accord Financial Corp. (TSX: ACD) today released financial results for the three and nine months ended September 30, 2021. The financial figures presented in this press release are expressed in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards. SUMMARY OF FINANCIAL […]]]>


[ad_1]

TORONTO, November 4, 2021 / CNW / – Accord Financial Corp. (TSX: ACD) today released financial results for the three and nine months ended September 30, 2021. The financial figures presented in this press release are expressed in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.

SUMMARY OF FINANCIAL RESULTS

Three months ended

September 30

Nine months ended

September 30

2021

2020

2021

2020

$

$

$

$

Average funds employed (millions)

414

327

383

343

Revenue (in thousands)

16,119

12 312

45,015

35,598

Gain (loss) before income tax (in thousands)

3 132

(120)

10 083

(5,209)

Net income (loss) attributable to shareholders (in thousands)

2,643

566

8 313

(968)

Adjusted net profit (loss) (in thousands) (note)

2 801

621

8 645

(63)

Earnings (loss) per common share (basic and diluted)

0.31

0.07

0.97

(0.11)

Adjusted earnings (loss) per common share (basic and diluted)

0.33

0.07

1.01

(0.01)

Book value per common share (September 30)

$ 11.31

$ 10.56

Third quarter revenue hits record $ 16,119,000 compared to $ 12,312,000 last year, mainly due to a 27% increase in average funds employed and other income. The average funds employed were $ 414 million during the current quarter compared to $ 327 million last year, ending the quarter at an all-time high $ 437 million.

Net income attributable to shareholders (“shareholders’ net income”) increased from $ 566,000 in the third quarter of last year for $ 2,643,000 in the third quarter of 2021 representing a clear recovery after the negative economic impacts of Covid-19. Earnings per common share (“EPS”) rose to 31 cents compared to 7 cents Last year. Adjusted net income was $ 2,801,000 compared to $ 621,000 in the third quarter of 2020, resulting in adjusted EPS of 33 cents compared to 7 cents Last year.

Revenues and profits for the first nine months reflect a steady growth in funds employed; average funds employed increased by 12% to reach $ 383 million compared to $ 343 million Last year. Portfolio growth and higher returns drove income up 26% to a record high in first nine months $ 45.0 million in 2021 compared to $ 35.6 million Last year. Shareholder net profit hit a record for the first nine months $ 8,313,000 rebound in net shareholders’ loss of $ 968,000 in 2020. The increase in net income results mainly from higher revenues and a decrease in the provision for losses. BPA was also a record in the first nine months 97 cents compared to a loss per common share (“LPS”) of 11 cents Last year. Adjusted net income for the first nine months of 2021 was a record $ 8,645,000 (EPS adjusted from $ 1.01) compared to an adjusted net loss of $ 63,000 (LPS adjusted from 1 cent) in the first nine months of 2020.

Commenting on the financial results, the President and CEO of the Company, Mr. Simon hitzig, said: “Accord’s strong performance in the third quarter and nine months puts the company back on its pre-pandemic growth path. Coming out of the economic crisis, Accord has built four consecutive strong quarters, with year-over-year adjusted earnings per share. of $ 1.26. With the economy rebounding, we continue to capitalize on the development of innovative products, our strong market presence and our financial strength. Progress rarely follows a straight line, but the fundamentals are falling into place. “

Mr. Hitzig added: “Accord’s record year-to-date performance validates our strategy, and the continued improvement in operational efficiency, diversification and credit quality underpin the foundation, adding an element of strength and stability as we expect continued success in 2022. “

About Accord Financial Corp.
Financial Accord is North America the most dynamic trade finance company providing fast and versatile financing solutions for businesses in transition including factoring, inventory finance, equipment leasing, trade finance and film finance / media. Leveraging our unique combination of financial strength, deep experience and independent thinking, we design winning financial solutions for small and medium businesses, delivered simply, so our clients can thrive. For 43 years, Accord has helped businesses manage their cash flow and maximize financial opportunities.

Note: Non-IFRS measures

The Company’s financial statements have been prepared in accordance with IFRS. The Company uses a number of other financial measures to monitor its performance and believes that these measures may be useful to investors in assessing the operating performance and financial condition of the Company. These measures may not have standardized meanings or calculations as prescribed by IFRS that would ensure consistency between companies using these measures and are therefore considered to be non-IFRS measures. The non-IFRS measures presented in this press release are as follows:

1) Adjusted net earnings and adjusted EPS. The Company derives these measures from amounts presented in its financial statements prepared in accordance with IFRS. Adjusted net income includes shareholders’ net income before stock-based compensation, business acquisition costs (transaction and integration costs and amortization of intangible assets) and restructuring costs. Adjusted EPS (basic and diluted) is adjusted net income divided by the weighted average number of common shares outstanding (basic and diluted) during the period. Management believes that adjusted net income is a more appropriate measure of operating performance as it excludes items that are not directly related to ongoing operating activities. The following table presents a reconciliation between the Company’s net income and adjusted net income:

Three months ended September 30

Nine months ended September 30

2021

2020

2021

2020

$ ‘000

$ ‘000

$ ‘000

$ ‘000

Shareholders’ net profit:

2,643

566

8 313

(967)

Net tax adjustments:

Restructuring costs

139

186

738

Stock-based compensation expense

13

13

Business acquisition costs

6

55

133

166

Adjusted net profit

2 801

621

8 645

(63)

2) Book value per share – book value is equity and is the same as the net asset value (calculated as total assets less total liabilities) of the Company less non-controlling interests. Book value per share is the book value divided by the number of common shares outstanding on a particular date.

3) Funds employed are the Company’s financial receivables and loans, a measure in accordance with IFRS. The average funds employed are the average financial claims and loans calculated over a given period.

SOURCE Accord Financial Corp.

Cision

See original content: http://www.newswire.ca/en/releases/archive/November2021/04/c8981.html

[ad_2]

]]>
Definition of price at tangible book value (PTBV) https://medielys.com/2021/08/15/definition-of-price-at-tangible-book-value-ptbv/ Sun, 15 Aug 2021 07:00:00 +0000 https://medielys.com/2021/08/15/definition-of-price-at-tangible-book-value-ptbv/ [ad_1] What is price at tangible book value (PTBV)? The price at tangible book value (PTBV) is a valuation ratio expressing the price of a security in relation to the book value of its tangible or tangible assets as it appears on the company’s balance sheet. The number of tangible book value equals the total […]]]>


[ad_1]

What is price at tangible book value (PTBV)?

The price at tangible book value (PTBV) is a valuation ratio expressing the price of a security in relation to the book value of its tangible or tangible assets as it appears on the company’s balance sheet.

The number of tangible book value equals the total book value of the business less than the value of any intangible asset. Intangible assets would be balance sheet items such as patents, intellectual property (IP), goodwill, etc.

Key points to remember

  • Price at tangible book value (PTBV) measures the market value of a business relative to its tangible or tangible assets, excluding the value of all intangible assets.
  • The number of tangible book value equals the total book value of the business less than the value of any intangible asset.
  • Intangible assets can be items such as patents, intellectual property, goodwill, etc.

Understand the price versus the tangible book value

A tangible asset (hard asset) is an asset owned by a business that can be physically touched or manipulated. Examples include machinery, equipment, raw materials, inventory, vehicles, goods, etc.

In theory, the tangible book value of a share per share represents the amount of money an investor would receive for each share if a company were to go out of business and liquidate all of its assets at the value recorded in the company’s books. business.

In general, stocks that trade at higher tangible price-to-book ratios have the potential to leave investors with larger price losses than those that trade at lower ratios, since tangible book value per share may reasonably be regarded as the lowest price at which a stock could trade.

The formula for PTBV is

PTBV = share price / tangible book value per share

Or:

  • The share price is the current market price per share.
  • The tangible book value per share (TBVPS) is equal to the total tangible assets divided by the total number of shares outstanding.

When to use the PTBV

PTBV mainly applies to industrial or capital-intensive companies that have a relatively high proportion of durable assets, as opposed to companies that engage in light manufacturing or service-oriented industries.

PTBV is rather meaningless as a valuation measure in the tech industry, for example, because so much of a company’s valuation stems from intellectual property, an intangible asset. An investor should also be careful with PTBV for companies that have long held land. The land is valued at historical cost, not increased each year in the balance sheet; therefore, PTBV can result in a deceptively high ratio.

Example of price versus tangible book value

At the end of 2020, General Motors’ tangible book value was $ 44.44 billion (total assets of $ 235.19 billion minus $ 5.23 billion of goodwill and intangible assets minus $ 185.52 billion. dollars in liabilities). $ 1.4 billion of shares were outstanding, resulting in a tangible book value per share of $ 31.74.

GM’s closing price per share on the last day of 2020 was $ 41.64. Therefore, the PTBV was $ 41.64 / $ 31.74, or 1.31. An analyst could study the evolution of this ratio or compare it to those of his peer group.

Frequently Asked Questions

How does the PTBV differ from the price per book (P / B)?

These two measures are almost identical, except that P / B will include the carrying amount of all assets, including intangibles. The PTBV excludes intangible assets such as intellectual property (patents, brands, etc.) and goodwill.

When is PTBV most useful?

Today, many companies derive great value from intangible assets and may not have a lot of tangible assets on their balance sheet. Thus, PTBV is most useful when evaluating capital-intensive companies that rely on durable assets, such as manufacturers or in natural resource industries.

What does the PTBV represent?

The PTBV represents the market value of a company’s shares as a multiple of the amount it would receive if it sold all of its hard assets.

[ad_2]

]]>