Ipo valuation multiples

Share to Twitter Share to Linkedin U.S. Bancorp’s stock (NYSE: USB) has lost approximately 14% YTD as compared to the 4% rise in the S&P500 index over the same period. Further, the recent volatility in the stock price (down 20% over the last ten days) was due to the turmoil in the banking sector. Notably, the collapse of the Silicon Valley Bank, Signature Bank, and the Credit Suisse crisis has made investors cautious about banking stocks. Overall, USB is trading at the current price of $38 per share, which is 32% below its fair value of $55 – Trefis’ estimate for U.S. Bancorp’s valuation . The bank posted mixed results in the fourth quarter of 2022, with earnings beating the estimates but revenues missing the mark. It reported total revenues of $6.4 billion – up 12% y-o-y, primarily driven by a 37% jump in the net interest income, partially offset by a 19% decline in the non-interest revenues. While the NII benefited from the improvement in … [Read more...] about U.S. Bancorp Stock Is Undervalued

Share to Twitter Share to Linkedin Walgreens Boots Alliance (NASDAQ: WBA) is scheduled to report its fiscal Q2 2023 results on Tuesday, March 28. We expect the company to post revenue and earnings slightly below the street expectations, partly due to fewer Covid-19 vaccine administrations vs. the prior year quarter. That said, the company expects strong growth for its international business in Q2. Although we expect the company to post a downbeat Q2, we believe its stock has more room for growth, as discussed below. Our interactive dashboard analysis on Walgreens Earnings Preview has additional details (1) Revenues expected to be below the consensus estimates Trefis estimates Walgreens’ Q2 2023 revenues to be around $33.2 billion, slightly below the $33.4 billion consensus estimate. This compares with the $33.8 billion revenue the company garnered in the prior-year quarter. The company should benefit from growth in the international … [Read more...] about What To Expect From Walgreens’ Q2?

Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

Share to Twitter Share to Linkedin Topline The Manhattan district attorney is reportedly toying with what experts have called an untested legal theory in potentially bringing charges against former President Donald Trump—adding to the unprecedented nature of a case that could mark the first-ever indictment of a former president. Key Facts The primary charge prosecutors are considering is whether Trump falsified business records when the Trump Organization reimbursed his former lawyer and fixer Michael Cohen for payments made to adult film star Stormy Daniels during his 2016 campaign for the presidency in exchange for her silence about her alleged 2006 affair with Trump, according to multiple reports . Prosecutors must prove that Trump orchestrated the payments, but legal experts have said his lawyers could argue that Cohen made the deal on Trump’s behalf and without his knowledge (though Cohen has explicitly, and repeatedly, said he did so … [Read more...] about Breaking Down The Case Against Trump: New York Prosecutors Must Prove Complex Legal Theory—And It Could Be Risky

Share to Twitter Share to Linkedin Topline A trio of American technology giants could tack on some $431 billion in market value if the U.S. bans TikTok, according to Bernstein analysis published Thursday, as the issues posed by the wildly popular Chinese-owned social media app take center stage in Washington. Key Facts Alphabet, Meta, and Snap, each of which operate short-form video platforms rivaling TikTok, would all be in line for major stock jumps if the U.S. moves forward with a TikTok shutdown, according to a note to clients Thursday from Bernstein analysts led by Mark Shmulik. Shares of YouTube Shorts parent Alphabet could jump as much as 20% should TikTok users need to flock to a replacement for their social media fix, shares of Instagram Reels parent Meta could be in line for as much as a 30% gain and shares of Snapchat Spotlight parent Snap could surge as much as 50%, according to Bernstein forecasts, using price-to-earnings multiple … [Read more...] about Banning TikTok Would Boost Alphabet, Meta And Snap—Here’s How Much Their Stocks Could Jump

Share to Twitter Share to Linkedin Topline The Manhattan grand jury that will decide whether to indict former President Donald Trump called off a planned meeting for Wednesday, according to multiple reports , delaying any potential charges against Trump for his ties to an alleged hush money scheme at least one more day. Key Facts It’s unclear why the grand jury—which holds secret proceedings—will not meet as planned Wednesday afternoon, the New York Times reported , citing anonymous sources who said the jury could hear from at least one more witness before voting whether to indict Trump. The 23-member jury, which previously met on Monday, could vote in its next scheduled meeting Thursday, though the Times notes that scheduling conflicts are not unusual in grand jury proceedings. The delay comes after Trump claimed without evidence on Saturday that he would be arrested on Tuesday. Law enforcement in New York City and … [Read more...] about N.Y. Grand Jury Weighing Trump Charges Reportedly Calls Off Wednesday Meeting—Delaying Possible Indictment

Share to Twitter Share to Linkedin Steve Durbin is Chief Executive of Information Security Forum . He is a frequent speaker on the Board’s role in cybersecurity and technology. Information security governance is the guiding hand that organizes and directs risk mitigation efforts into a business-aligned strategy for the entire organization. Yet governance can be extremely challenging because organizations are dynamic entities operating in a backdrop of perpetual change with varied levels of cybersecurity maturity and multiple conflicting priorities. While misdirected governance can expose the organization to multiple risks and weaken the entire security posture, engaged governance can make the organization more resilient to cyberattacks and greatly enhance business success in the long run. So how can organizations build engaged governance? That answer lies in the maturity of the information security function as well as the competence and … [Read more...] about Achieving The Five Levels Of Information Security Governance

Share to Twitter Share to Linkedin Founder of DLT Labs , which pioneers blockchain enterprise solutions via distributed application architecture development and integration. Over the past two decades, several founder-CEOs have stepped down from their CEO roles at a crucial juncture in their firms. In fact, a Harvard Business Review analysis of 212 U.S. startups founded between the late 1990s and early 2000s showed that "most founders surrendered management control long before their companies went public." It stated that 50% of founders stepped down from the CEO post within three years of launching the venture, whereas fewer than 25% of founders led their firms’ IPOs. In The Hard Thing About Hard Things , Ben Horowitz, cofounder and general partner at VC firm Andreessen Horowitz, even went so far as to state that founder-CEOs are “generally much better at the first part than the second,” especially once their companies mature and become more … [Read more...] about Five Habits Every Company Founder Should Embrace

Share to Twitter Share to Linkedin When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks. For the residents of Mainland China, life under “zero COVID” policies was a dreary round of rolling travel restrictions and lockdowns – as if the United States was permanently stuck on a skipping record of the Spring of 2020. While most of the population was able to find a way to get back to work eventually, the everyday routines of travel, dining out, and visiting friends and family were severely curtailed. Wallets stayed snapped shut. Since China executed its “COVID pivot” in late December 2022, economists have been scrutinizing the data to see if the country will be able to achieve its goal of 5% growth in 2023. If achieved, China will serve as an engine to help developed economies avoid tipping into recession. This is particularly relevant in the new era of higher interest rates, … [Read more...] about Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead

Share to Twitter Share to Linkedin Mercedes-Benz stock (OTCMKTS: MBGAF) has had a relatively strong year so far, with its stock up by almost 10%, outperforming the S&P 500. Mercedes posted a relatively strong set of Q4 2022 results, with revenue rising by about 16% year-over-year to about Euro 41 billion ($44 billion). Overall wholesale deliveries expanded by 7% versus last year as supply chain and semiconductor supply-related issues continued to ease. Net profits from continuing operations also rose 66% to about Euro 3.72 per share ($4.01), driven by higher volumes and an expanding mix of top-end vehicles, which saw unit sales rise 14%. However, despite the relatively strong numbers over the last quarter, we remain neutral on Mercedes stock, with a price estimate of about $78 per share, which is roughly in line with the current market price. Now, although Mercedes stock trades at a relatively reasonable valuation of under 7x projected 2023 earnings, … [Read more...] about Is Mercedes-Benz Stock Good Value At $76 Per Share?