Is the November stock price for Kirkland Lake Gold Ltd. (TSE: KL) Reflect what you really deserve? Today, we will be estimating the intrinsic value of the stock by projecting the future cash flows and then discounting them to the present value. The Discounted Cash Flow Model (DCF) is the tool we will apply to do this. Models like these may appear outside the normal person’s understanding, but they are easy to follow.
We caution that there are several methods of evaluating the company, and like the DCF approach, each method has advantages and disadvantages in certain scenarios.. If you still have some burning questions about this type of evaluation, take a look at Simply Wall St’s Analysis Template.
We will be using a two-stage DCF model, which, as the name indicates, takes into account two stages of growth. The first stage is generally a higher growth period that reverses the trend toward the terminal value, which was recorded in the second « steady growth » period.. In the first stage, we need to estimate the company’s cash flows for the next ten years. Where possible, we use analyst estimates, but when not available, we infer Past Free Cash Flow (FCF) from the most recent estimate or reported value.. Assume that companies with shrinking free cash flow will slow their rate of contraction, and that companies with increased free cash flow will experience a slow rate of growth, during this period.. We do this to reflect that growth tends to slow more in the early years than in later years.
In general, we assume that the dollar today is more valuable than the dollar in the future, and therefore the sum of these future cash flows is deducted to today’s value:
(« Est » = FCF Growth Rate Estimated by Simply Wall St) Present Value of 10-Year Cash Flow (PVCF) = $ 9. 4 b
The second stage, also known as terminal value, is the company’s cash flow after the first stage. The Gordon Growth formula is used to calculate the terminal value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1. 7%. We discount the final cash flows to present value at cost of equity 7. 6%.
Final Value (TV) = FCF2030 x (1 g) ÷ (r – g) = 1 USD. 4b x (1 1. 7%) (7. 6% -1. 7%) = $ 24 billion
Present Value Terminal Value (PVTV) = TV / (1 r) 10 = US $ 24 billion ÷ (1 7. 6%) 10 = $ 12 billion
Total value is the sum of cash flows for the next 10 years plus the discounted terminal value, which results in total equity, which in this case is $ 21 billion. The final step is to divide the equity value by the number of outstanding shares. Compared to the current share price of $ 59 CAD. 3, The company looks very good value at a 42% discount to where the stock price is currently trading. Ratings are imprecise instruments even though they look like a telescope – they move a few degrees and end up in a different galaxy. Keep this in mind.
We would like to point out that the most important inputs for discounted cash flow are the discount rate and of course the actual cash flow. If you do not agree with this result, try the calculation yourself and play with the assumptions. The discounted cash flow (DCF) model does not take into account potential industry cyclical fluctuations, or the company’s future capital requirements, so it does not give a complete picture of the company’s potential performance.. Given that we view Kirkland Lake Gold as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) that calculates the debt.. We used in this calculation 7. 6%, which is based on a beta version of 0. 988. Beta is a measure of a stock’s volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with a limit of 0. 8 and 2. 0, which is a reasonable range for stable work.
Although company evaluation is important, it is one of the many factors that need to be evaluated for a company. The DCF is not an ideal tool for valuing inventory. It is best to apply different situations and assumptions and see how they will affect the company’s valuation. For example, changes in the company’s cost of equity or the risk-free rate can significantly affect the valuation. Can we find out why the company is trading at a discount on intrinsic value? For Kirkland Lake Gold, we’ve rounded up three key factors that you should evaluate:
Risks: For example, we found one warning sign for Kirkland Lake Gold that you need to take into consideration before investing here..
Future earnings: How does KL’s growth rate compare to its peers and the wider market? Dive into the analyst consensus figure for the coming years by interacting with our free analyst growth forecast chart.
Other Strong Businesses: Low debt, high returns on equity, and good past performance are essential to a strong business. Why not explore our interactive list of stocks with strong business foundations to see if there are other companies you may not have considered!
PS. Simply Wall St performs a discounted cash flow assessment of each TSX stock every day. If you want to find another stock account just search here.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any shares, nor does it take into account your objectives or financial condition. We aim to provide you with long-term focused analysis driven by fundamental data. Note that our analysis may not include the company’s most recent ads that are price- or generic. Wall Street simply has no position in any of the listed stocks. Do you have notes on this article? Worried about the content? Contact us directly. Alternatively, email the editor @ simplewallst. Com.
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Markets continued their bullish trend this week, and gained ground since the November 3rd vote. There is an optimistic view that policy will settle into a more natural pattern with a new administration. However, investors were wary last fall – there is a lot to be careful about. Coronavirus has begun to emerge as colder weather emerged, and the political uncertainty surrounding the elections left the state of additional economic stimulus packages in limbo.. . At times like these, investors begin to take an interest in dividend stocks again. These are classic defensive stocks, and with good reason: a reliable return that keeps income flowing, no matter what the markets do. Wall Street analysts have shared – they recommend high yielding stocks to investors looking to protect their portfolios.. Here, we’ll look at three stocks that fit a profile: a strong buyout rating from the analyst community, and a dividend yield that gives at least 10%.. Stellus Capital (SCM) Stellus Capital offers capital solutions (read: debt financing) to companies in the lower middle market range. These are companies that may find it difficult to access capital through large banks; Stellus bears the higher risks as an investment opportunity. The company’s financial portfolio includes 67 companies, with one dollar. $ 6 billion in assets under management, and more than $ 6 billion in total funds invested. Stellus has been raising its dividend payments this year. The following dividends for December have already been announced, showing an effective increase to 31 cents per common share. This comes from combining the regular payment of 25 cents with a special dividend of 6 cents, and after the company paid 25 cents a share in the previous two quarters.. A regular dividend account, paid annually to $ 1 per common share, gives a return of 10. 91%. Analyst Robert Dodd, written by Raymond James, says, “Core earnings covered core dividends in the third quarter of 2020, and the strong indirect situation should soften dividends in 2021.. We continue to display risks / rewards attractively. The analyst added, “The SCM pipeline looks strong, with about 10 portfolio companies going through various stages of due diligence.. Payments made in the fourth quarter of 2020 could reach $ 30 million – with a modest positive impact on net asset value from exits above fair value markers in the third quarter of 2020. To this end, the Dodd ranks SCM as superior performance (i. e. Buy) along with a $ 11 price target. This number indicates a rise of 17% from current levels. (To see Dodd’s history, click here) Overall, the Stellus Analyst Strong Buy consensus rating is based on 4 reviews, including 3 purchases and 1 contract. The stock is selling for $ 9. 43 and his average target price is $ 10. 17 indicates it has a 1-year rise potential of ~ 8%. (See SCM stock analysis on TipRanks) WhiteHorse Finance (WHF) next is WhiteHorse Finance, another BDC. WhiteHorse’s focus is on small businesses, valued at $ 50 million to $ 350 million, and WHF investments are typically in the $ 10 million to $ 50 million range.. WhiteHorse has a net worth of more than $ 595 million. A better outlook for the future, based on earnings redemptions, gave a firm basis for dividend payments, and WhiteHorse maintained 35. 5 cents regular return. Built with 12. Special dividend of 5 percent, that makes the last payment of 48 cents per common share. The yield is heaven 12. 29%. Oppenheimer analyst Chris Kotovsky expressed optimism about WhiteHorse, noting that, « WHF reported net base investment income for the third quarter of 2020 (NII) of $ 0. 38 / share for our $ 0. 32 Appreciation and Consensus’ $ 0. 29 H.. The bottom line was bolstered by the recovery in interest, but we were encouraged the most by growth and improvement in asset quality. $ 58. 3 million financing activity was only partially compensated with $ 26. 5m of reimbursement, driving ~ 8. 8% quarterly growth in investments along with a significant rise. The five-star analyst added: “Management seemed optimistic about the loan growth prospects, saying it was perhaps the best environment they had seen since 2012-2013, and it was clear that they had the ability to put capital into action.. . Current gross leverage 0. 94x (and net 0. 87x) less than 1 management. 00-1. 25 times the targeted leverage, leaving ample room for growth in the coming quarters amid a robust investment pipeline. As a result, Kotowski gives the arrow a superior performance (i. e. Buy), and its $ 15 target means a solid 29% rally for next year. (To see Kotowski’s record, click here) Overall, WhiteHorse enjoys a unanimous consensus on the Strong Buy analyst rating, with 3 buy-side reviews recorded. The stock is currently priced at $ 11. 65 and $ 13. 25 average price targets point to a one-year rise of 14%. (See WHF stock analysis on TipRanks) Capital Southwest Corporation (CSWC) last but not least Capital Southwest, another Texas-based company that is in the business development sector. CSWC focuses on lending and credit options for mid-market companies. Capital Southwest boasts a portfolio of $ 664 million invested in 69 companies and has more than $ 150 million in available liquidity.. Revenue has been recovering since turning negative in the first quarter, at the height of the Corona crisis. Sequential earnings in the first and second quarters increased quarterly revenue to $ 21 million, while earnings in the third quarter showed a strong rise to 45 cents per share, the highest value in more than two years.. The increased profits have allowed Capital Southwest to continue its history of reliable dividend payments. The company increased its dividend through 2020, and kept paying 51 cents throughout the year. 10. A 5% return is 4 times higher than the average found among peer firms in the financial sector, drawing the attention of distributed investors to CSWC. Among CSWC’s fans is JMP analyst Devin Ryan, who evaluated the stock for purchase and gives it a $ 17 price target.. (To view Ryan’s record, click here) “Overall, we believe that the quarter results have been strong and that Capital Southwest is one of the most attractive ways to gain exposure to low and medium market facilities.. We highlight improved credit quality, strong portfolio growth, a robust deal flow pipeline, sustainable core / complementary earnings, and management focus on expenditures as reasons we believe the stock is in a position to outperform, « . Overall, CSWC has a solid buy rating from consensus of analysts, with 3 recent purchase reviews and 1 comment. The average target price for stocks is $ 15. 67, which is roughly constant compared to the current trading price. The real return here is in profits. (See CSWC stock analysis at TipRanks)
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Chinese electric car maker Li Auto rose by as much as 25% during Friday morning’s session after reporting outperforms in its first quarterly results since it was released to the public..
Nio Inc’s (NYSE: NIO) sparkling rally halted Friday after short seller Citron Research spoiled the party by suggesting that EV’s astronomical valuation has become unwarranted. Nio’s Rally Rally and Hard Fall: Nio Stock, which ended 2019 at $ 4. 02, began to turn around as post-COVID recoveries in deliveries. The rally has gained momentum amidst the company’s conscious efforts to innovate and cut through and work further on its service-focused approach.. Ahead of Friday’s session, the stock is up nearly 1,100% compared to Tesla Inc (NASDAQ: TSLA) advancing 392%.. . Nio started Friday’s session strongly, thanks to the strong quarterly results reported by its local counterpart Li Auto Inc.. (NASDAQ: LI), and $ 54. 20. It only took six sessions for the stock to go from $ 40 to $ 50. However, stocks came under severe selling pressure after the Citron report in which the company gave Nio shares a $ 25 price target. After dropping nearly 16% at some point in the session, the stock trimmed its losses somewhat to close down 7. 7% at $ 44. 56. Related link: Nio, Li Auto makes big moves after Xpeng’s Q3 results Is there an advantage to Citron’s argument? Citron Guitar on Nio is losing market share due to Tesla pricing, especially the « Made in China » Model Y, competitively. Yo. s. The price cuts of the electric car giant could undoubtedly hurt. However, Nio has carved a niche of its own with its technological prowess and service-focused approach to attracting customers. After unveiling a 100 kWh battery recently, the company is said to be working on a 150 kWh battery, which could nearly double the range of its electric vehicles. According to reports, the company is also working on developing internal chips for its ADAS system. The company managed to raise the level of mental engagement among consumers. “There is overwhelming evidence that consumers are increasingly seeing Nio as a ‘premium quality brand’ with best-in-class technology and service,” Deutsche Bank analyst Edison Yu said in a late September note.. . The company has made its cars affordable for everyone by introducing a Battery-as-a-Service system, which significantly cuts menu prices. Nio is also looking to expand internationally and is said to be building a separate team to work on a roadmap to export vehicles to Europe.. Can Profits Save Stocks? Nio is set to announce its fiscal third-quarter results next Tuesday before the market opens. Analysts estimate, on average, a loss of 17 cents per share on revenue of $ 652. 77 million. This is a significant improvement from a $ 2 loss. 38 per share and $ 262 earnings. 47 million were reported for the last quarter. Nio deliveries in the third quarter jumped more than 150% year over year to 12,206, setting a quarterly record.. Strong momentum continued in October, as the company reported a 100% increase in deliveries to a record 5,055 units for the month.. Evaluation extended? The increase in the second quarter made Nio’s valuation unattractive and unsustainable. For this issue, most EV stocks are foaming and located in the bubble area. However, Nio has shown discipline and proactive in improving its fundamentals and is in the right place for the burgeoning Chinese EV market.. Basic performance in the coming months will be key to the stock’s trajectory. See more of Benzinga * Click here for option deals from Benzinga * Nio, Li Auto makes big moves after Xpeng Q3 results * Nio reveals 100 kWh battery, upgrade plans: What investors should know (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.
A home loan is a powerful financial tool, even if you have the money to pay directly.
(Bloomberg) – Ray Dalio believes global markets are going through a « very special moment », with the rise of China and the relative strength of the U. s. Facing challenges. Billionaire founder Bridgewater Associates said in his video message to the Caixin Summit on Saturday that China’s development is making the country more competitive in attracting global capital.. . He said, « At the same time, there is the rapid development of Chinese capital markets, the opening of markets to foreign investors, the relative attractiveness of them, and the weakness of global investors in them. ». . “This happens when U basics. s. And you. s. The dollar is becoming more difficult, making it a relatively competitive place to transfer capital. Dalio’s comments reinforce recent remarks in which he said he sees the need to own a « significant portion » of Bridgewater’s portfolio in Chinese assets.. His viewpoint comes from an analysis of history and more than 50 years of experience as a major investor who loves to « bet what I think will happen, » he says.. On Saturday, Dalio said, while China’s development of a reserve currency and its financial markets has lagged behind other aspects of its economy over the past few decades, it will « definitely catch up », citing the nation’s share in global trade and its size of the economy.. For more articles like these, please visit us at Bloomberg. comSubscribe now to keep up with your most trusted business news source. © 2020 Bloomberg LLC. s.
You can use the traditional Minimum Distributions (RMDs) required from the IRA to contribute to a Roth IRA if you have sufficient earned income.
Tesla Inc (NASDAQ: TSLA) is currently building Gigafactory Texas, which will build Tesla’s Cybertruck, Model 3, Y and maybe more.. The new drone images show the progress of the plant. In a video, the photographer notes some of the many changes observed on the site. Here are some more photos from November 12 in Giga Texas . . . A lot is happening all over the job site! Check out my YouTube video (JoeTegtmeyer) later today for more and more information on what’s going on with the site! Pic. Twitter. com / M75jzDNTnq >> – Joe Tegtmeyer (@JoeTegtmeyer) November 12, 2020 We are starting to see many structures starting to take shape. Most of the vast area of land has been prepared, including more permanent work areas and lots of gravel and backfill for future construction.. Tesla plans to start delivery of the Cybertruck by the end of 2021. Image courtesy of Tesla See more from Benzinga * Click here for deal options from Benzinga * Tesla Gigafactory Shanghai production rate points for annual increase * Waymo suggests « more advanced volume orders » from Tesla’s approach to fully autonomous driving (C) 2020 Benzinga. Com. Benzanga does not provide investment advice. All rights reserved.
As President-elect Joe Biden prepares for his first year in office, he will have to deal with future financing problems facing Social Security and how to ensure financial security for older Americans..
“Looking to the future, Intel has the most powerful processor roadmap yet. Over the next two years, Apple (stock bar: AAPL) transformed its entire Mac lineup into Intel chipsets. Mac computer sales nearly doubled, paving the way for the iPhone launch and Apple’s skyrocketing rise.
There is a clear conclusion that can be drawn from the US election results – the American people wanted to do away with the drama of both President Trump and the Democratic Party, and they are willing to do so by installing a Democratic president as Republicans gain power in Congress and below the ballot.. A result like this indicates a stalemate in the future, at least in the near term, which in turn could be exactly what those markets want.. A deeply divided government is unlikely to make any drastic changes in policy, to the right or left, allowing the financial world to continue to weigh down straight.. . Which means we could be near the bottom for many stocks with lower equity values. If so, this effect may be more pronounced among the so-called penny stocks, which are stocks that sell less than $ 5.. These stocks are already close to the true bottom of the market, and fundamental statistics show that they are more likely than not going higher. However, before jumping right into investing in a penny stock, Wall Street professionals advise looking at the bigger picture and looking at other factors beyond just price.. For some of the names that fall into this category, you really get what you pay for, and offer very few long-term growth opportunities thanks to weak fundamentals, recent headwinds, or even large hanging equity stakes.. With risk in mind, we used TipRanks’ database to find physical stocks with good price tags. The platform directed us towards two indices with stock prices below $ 5 and « strong buy » consensus ratings from the analyst community. Not to mention the possibility of a huge rise on the table. Sequans Communications (SQNS) Sequans Communications is a chipset manufacturer with a strong reputation in the 4G market and a forward-looking focus on the 5G and IoT sectors.. The company has incorporated several generations of technological advances into its IoT chip designs, and has become a leading innovator in this market.. So far, the chaotic conditions of 2020 have not been easy for SQNS. The company has been hit hard by disruptions in supply and distribution chains, and is down 48% since it peaked in July. On the positive side of the ledger, revenues are up – as they have been throughout the year. The highest streak in the third quarter was $ 14. Million, which is a 15 percent increase over the previous quarter and a staggering 116 percent year-on-year. It is currently running for $ 4. 09 per share, Sequans stocks could see significant gains, according to some analysts. By covering Roth Capital stocks, 5-star analyst Scott Searle pointed to the company’s upbeat potential: “Sequans continues to achieve major milestones in developing major clients and products. The company is putting the company on track to obtain samples in late 2021. Most importantly, in addition to the anticipated $ 10 million 5G strategic opportunity, Sequans is actively working with many additional potential partners.. We believe the company is still uniquely positioned to become a Tier 1 supplier in specialized 5G applications which we expect to represent 10 million units by the 2023-2025 timeframe in FWA Ground, Satellite, Public Safety, etc.. . We highlight that Ericsson continues to expect FWA lines to increase from 51 million in 2019 to 160 million by 2025, which represents $ 500 million to $ 1 billion in full.. . To this end, Searle rates SQNS a Buy with a price of $ 13. If his thesis is successful, there could be a potential 218% profit in the cards. (To see Searle’s record, click here) Sequans holds a unanimous strong buy rating from analyst consensus, based on 4 buy reviews submitted in the past two months.. Moreover, the average target price indicates that it will double 148% from current levels. (See SQNS inventory analysis on TipRanks) Repro-Med Systems (KRMD) next on the list, Repro-Med Systems, is a medical device company.. This small-cap company is competitive – but has a high profit potential when new treatments or devices are approved.. KRMD designs products for infusion treatments and emergency medicine, two vital sectors of the medical market. The company operates under the name KORU Medical Systems. KRMD peaked this year in April, and has lost ground in equity value ever since. The stock is down 69%, despite revenue growth in the first half of 2020. Third-quarter results were mixed. The top streak has steadily decreased to just over $ 6 million, but cumulative sales for the first three quarters of 2020 are up 19% over the same period in 2019.. Operating expenses remained stable, and gross profit was more than 64% of net sales. The company ended the quarter with $ 32. 4 million in net cash available. Kyle Rose, a five-star analyst at Canaccord, sees an opportunity here, especially for investors willing to take some risks.. He writes, “For investors who can play these little names, we see this as a compelling buying opportunity. Headwinds in the third quarter are a challenge in the near term but a far cry from changing the thesis in the long term. We still believe that investors will need to look at previous quarterly / quarterly fluctuations to ascertain long-term annual trends, which still look positive here.. KRMD takes advantage of the ongoing trend away from IV delivery to SC Ig and provides a compelling value proposition that sets the company to emerge as the standard of care for the delivery of subcutaneous drugs in large quantities.. Aware of headwinds, Rose listed KRMD to buy along with a $ 10 target price.. This number indicates strong growth of 164% in the coming year. (To view Rose’s record, click here) This is another stock with strong consensus buying from analysts. This rating is based on 3 purchase ratings, and indicates Wall Street confidence. The average share price is $ 9. 67, indicating a 155% rise from the $ 3 trading price. 83. (See KRMD stock analysis at TipRanks) To find good ideas for trading small stocks with attractive valuations, visit Best Stocks to Buy from TipRanks, a newly launched tool that unites all the stock insights for TipRanks. Disclaimer: The opinions expressed in this article are only those of featured analysts. The content is intended for informational use only. It is very important to do your analysis before making any investment.
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Just over a week has passed since the presidential election, and the market’s reaction is showing that investors are happy. While the electoral margins were very weak, came the will of the voters: They rejected Donald Trump and his bold approach to you, but they also rejected the policy of the Democratic Party; The Democrats lost seats in the House of Representatives, and are unlikely to control the Senate, and they have lost ground statewide. American voters seem tired of drama, whether it comes from Donald Trump or the Democrats’ drive to the political left.. They want a government that will simply move steadily. And it looks like they’ll get exactly that. With the power split in the White House and both houses of Congress, we are about to be reminded of the peculiarity of the checks and balances system: This deadlock is the result of a closely divided electorate.. Change will not happen unless one side or the other obtains a large majority, or a small majority over multiple periods. Neither of these is in the cards at the moment. The immediate result is the market rally for several days. The implication is clear – market sentiment has calmed since the elections, and investors are looking for a more normal government stabilization in the coming months.. To that end, investors are sure to find solid options in the near term. Analyst Rick Prentice of Raymond James wrote, and he recently published three reviews about mid-size stocks, citing why, in his opinion, they offer high yield potential with more stable markets in the next year.. All stocks fit into a profile: they are at the lower end of the mid-range corporate range, with market valuations of $ 2 billion to $ 3 billion; They inhabit the communications ecosystem, and they all have, according to Raymond James, 80% higher potential.. We ran all three through TipRanks’ database to see what other Wall Street analysts had to say about it. & Telephone Data Systems (TDS) First on our list, & Phone Data Systems Corporation, is a Chicago-based company that provides a range of telecom services to more than 6 million customers.. The company provides broadband services via cable and wire, wireless products and services, TV and audio services. TDS operates the fifth largest cellular carrier in the country. TDS significantly beat expectations in 2020, despite the ongoing coronavirus. Revenue, at a price of $ 1. 32 billion, almost the same level with the pre-Corona report ($ 1. 34 billion in the fourth quarter of 2019), while profits jumped in the first quarter of 2020 and have remained high since then. Third-quarter profit was 66 cents, 153% more than expected.. It was an impressive performance, up 266% year-over-year growth. On another bright note to investors, TDS maintained its dividend payments during the year. The common stock payout of 17 percent annually is 68 cents, and provides a return of 3. 6%, nearly double the average return found among companies listed on S&P. TDS showed strong activity during the year, but its weakness was in fiber and wire stature. However, Rick Prentice of Raymond James looks at the half-full glass, noting: “WFH policies have continued to cause some slow approvals from municipalities and electrical utilities associated with building the fiber-winding.. In some cases, TDS focus on better-economical alternatives. However, TDS Telecom grew its fiber services 5% year over year and is experiencing better-than-expected take rates of about 30-40%, depending on the market.. Moreover, 34% of Wireline customers are now served by fiber, compared to 29% a year ago, and TDS expects an acceleration through the rest of 2020.. Prentiss rated TDS as a solid buy, increasing target price 6% to $ 34. At this level, it sees an 81% rally of the stock over the coming months. (To see Prentiss’ track record, click here) This stock also carries a solid buying rating from analyst consensus, based on 3 unanimous buy ratings set in recent weeks.. The shares are priced at $ 18. 73, target average is $ 34. 83 indicates a one-year rise from 85. 5%. (See TDS stock analysis on TipRanks) ViaSat, Inc. (VSAT) Next, ViaSat, is a high-speed satellite broadband provider. The California Corporation serves the commercial and defense markets, based on the broad need, across industries, for secure communications. Social lockdown measures affected the company’s business, especially the airline shutdown. Commercial air traffic relies heavily on satellite communications, and this slowdown continues to put pressure on ViaSat. Headwinds are partly compensated for through an accumulation of required services. Revenue has remained stable over the past four quarters, between $ 530 million and $ 588 million, with the $ 554 million recorded in the third quarter being in the middle of that range.. . Earnings rebounded into positive territory after turning negative in the second quarter. The earnings per share in the third quarter was only 3 cents, but that was a dramatic sequential improvement over the net loss of 20 cents.. Looking at VSAT, Prentice notes, “Government regulations and business networks remain robust, while IFC’s business continues to weather the significant headwinds related to COVID-19. . . . On the plus side, social distancing and safer home policies are driving more residential broadband data use and pushing ARPUs higher. . . . « Prentiss VSAT rates outperform (i. e. Buy) while its target price of $ 63 indicates an 87% potential upside. Overall, ViaSat has a moderate buy rating from analyst consensus, based on 3 reviews that include 2 Buy and 1 Hold.. The average target price for stocks is $ 53. 33, which means a 12-month gain of 59% from the $ 33 trading price. 39. (See VSAT Stock Analysis on TipRanks) EchoStar Inc. (SATS) Last but not least, EchoStar, another satellite operator. This company controls a constellation of communications satellites, providing satellite capabilities to the media and private institutions, as well as US government agencies and civilian military.. Additionally, EchoStar provides satellite broadband in 100 countries around the world. On the top line, EchoStar revenue has remained flat over the past three quarters, reaching $ 465 million, $ 459 million, and $ 473 million.. While earnings were negative in the first and second quarters, the third quarter results showed a net profit of 26 cents per share. The Q3 sequential improvements come in the top and bottom lines along with increases in the EchoStar subscriber base, to more than 1. 54 million in total. The company also boasts a strong balance sheet, with over $ 2. 5 billion cash in hand and no net debt. By covering SATS, Ric Prentiss is optimistic about the near and medium term outlook. He writes, “SATS [has] strategic discretion at a time when others, especially highly leveraged satellite companies, are struggling with a lack of liquidity in the face of large maturities or capital expenditures programs. . . . We believe that a number of options for organic and inorganic growth are being considered, including future deployment of the SBand spectrum after the primary tenant (s) lining up.. Finally, we believe that EchoStar’s recently announced collaboration with Inmarsat to provide capacity for in-flight communication should provide high margin cash flow over time, and note that the deal is not exclusive.. These comments revert another strong buying assessment, and Prentiss’ target price of $ 57 indicates a chance of 123% growth next year.. In terms of other analysts’ activity, it was relatively quiet. 1 buy and 1 hold valuations assigned in the past three months add up to the consensus of « moderate buying » analysts. Plus, $ 43. 50 average target price places upside potential at approximately 74%. (See SATS Stock Analysis at TipRanks) To find good stock trading ideas with attractive valuations, visit the Best Stocks to Buy from TipRanks, a newly launched tool that unites all the stock insights for TipRanks. Disclaimer: The opinions expressed in this article are only those of featured analysts. The content is intended for informational use only. It is very important to do your analysis before making any investment.
Income investors can still look to financial matters. Bank stocks have been hit particularly hard in 2020 by the pandemic, as major exchange-traded funds such as the $ 17 billion SPDR Financial Sector Fund (stock symbol: XLF) have fallen more than 10% this year even as the S&P 500 is moving 10% higher during The past 11 months or so. For the most part, these are modest, trade-focused banks that do not take significant investment risks or other complex operations.
Intrinsic Value, Stock
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