Author Archives: CapitalCube

Magna International, Inc. : MGA-US: Dividend Analysis : May 26th, 2017 (record date) : By the numbers : May 25, 2017

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My 2014 Best Performers, Looking Ahead To 2015

Our analysis is based on comparing Magna International, Inc. with the following peers – Dana Incorporated, Visteon Corporation, Autoliv Inc., American Axle & Manufacturing Holdings, Inc., BorgWarner Inc., Lear Corporation, Ford Motor Company, STRATTEC SECURITY CORPORATION, Tower International, Inc. and MARTINREA International Inc. (DAN-US, VC-US, ALV-US, AXL-US, BWA-US, LEA-US, F-US, STRT-US, TOWR-US and MRE-CA).

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), MGA-US paid a high quality dividend, which represents a yield of 2.31% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 4 were high quality and 1 was low quality.
  • The ending cash balance, with a dividend coverage of 2.62x, provides a moderate cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), MGA-US paid a high quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 8.94x), investing cash flow (coverage of -5.44x), issuance cash flow (coverage of -1.47x) and twelve-month prior cash (coverage of 1.59x), for a total dividend coverage of 3.62x.

MGA-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -1.78x). Thus, the total coverage including share buybacks is 5.40x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

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These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 2.17 1.57 1.42 2.18 2.32 2.9
Dividend Payout (%) 18.07 19.18 17.47 18.7 19.3 18.89

A complete list of metrics and analysis is available on the company page.

Company Profile

Magna International, Inc. designs, develops and manufactures automotive systems, assemblies, modules and components. It assembles complete vehicle, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa. The company was founded by Frank Stronach in 1957 and is headquartered in Aurora, Canada.

Disclaimer

The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.






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3M Co. : MMM-US: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 19, 2017

This post was originally published on this site



My 2014 Best Performers, Looking Ahead To 2015

Our analysis is based on comparing 3M Co. with the following peers – Danaher Corporation, Honeywell International Inc., General Electric Company, Illinois Tool Works Inc., Johnson Controls International plc, Johnson & Johnson, DENTSPLY SIRONA, Inc., Amazon.com, Inc., HP Inc. and Apple Inc. (DHR-US, HON-US, GE-US, ITW-US, JCI-US, JNJ-US, XRAY-US, AMZN-US, HPQ-US and AAPL-US).

3M Co.’s dividend yield is 2.91 percent and its dividend payout is 54.47 percent. This compares to a peer median dividend yield of 1.99 percent and a payout level of 34.81 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 67 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), MMM-US paid a high quality dividend, which represents a yield of 2.31% at the current price.
  • Dividends paid during each of the last five years were consistently of high quality.
  • The ending cash balance is less than the last full year dividend payment and cannot be relied on to cushion any significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), MMM-US paid a high quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 2.36x), investing cash flow (coverage of -0.45x), issuance cash flow (coverage of -0.61x) and twelve-month prior cash (coverage of 0.56x), for a total dividend coverage of 1.85x.

MMM-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -0.91x). Thus, the total coverage including share buybacks is 2.76x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

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These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 2.56 1.86 2.12 2.79 2.51 2.91
Dividend Payout (%) 37.34 37.8 45.66 54.09 54.41 54.47

A complete list of metrics and analysis is available on the company page.

Company Profile

3M Co. is a diversified technology company, which manufactures industrial, safety and consumer products. The company operates its business through the following segments: Industrial, Safety & Graphics, Health Care, Electronics & Energy, and Consumer. The Industrial segment provides products, including tapes, abrasives, adhesives, specialty materials and filtration systems to diverse markets from purification to aerospace. The Safety & Graphics segment offers personal protective equipment, traffic safety & security products, commercial graphics systems, commercial cleaning & protection products, floor matting, roofing granules for asphalt shingles, and fall protection products. The Health Care segment supplies medical and surgical equipment, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems and food safety products. The Electronics & Energy segment offers optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment provides sponges, scouring pads, high-performance cloths, consumer and office tapes, repositionable notes, indexing systems, home improvement products, home care products, protective material products, and consumer & office tapes, as well as adhesives. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

Disclaimer

The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.






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Southern Copper Corp. : SCCO-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : May 19, 2017

This post was originally published on this site

Our analysis is based on comparing Southern Copper Corp. with the following peers – Freeport-McMoRan, Inc., Grupo Mexico S.A.B. de C.V. Class B, Lundin Mining Corporation, Teck Resources Limited Class B, Sociedad Minera Cerro Verde SAA, First Quantum Minerals Ltd., BHP Billiton Limited Sponsored ADR, Rio Tinto plc Sponsored ADR, BHP Billiton Plc Sponsored ADR and Compania de Minas Buenaventura SAA (FCX-US, GMBXF-US, LUNMF-US, TECK-US, CVERDEC1-PE, FM-CA, BHP-US, RIO-US, BBL-US and BUENAVC1-PE).

Southern Copper Corp.’s dividend yield is 0.89 percent and its dividend payout is 19.49 percent. This compares to a peer median dividend yield of 0.80 percent and a payout level of 1.36 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 83 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), SCCO-US paid a high quality dividend, which represents a yield of 0.68% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 1 was high quality, 2 were medium quality and 2 were low quality.
  • The ending cash balance, with a dividend coverage of 4.22x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), SCCO-US paid a high quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 7.58x), investing cash flow (coverage of -4.48x), issuance cash flow (coverage of -0.10x) and twelve-month prior cash (coverage of 3.73x), for a total dividend coverage of 5.22x.

SCCO-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -0.10x). Thus, the total coverage including share buybacks is 5.32x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

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These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 9.81 2.39 1.66 1.34 0.56 0.89
Dividend Payout (%) 162.72 35.42 28.57 36.56 18 19.49

A complete list of metrics and analysis is available on the company page.

Company Profile

Southern Copper Corp. engages in the development and exploration of mineral properties. It operates through the segments: Mexican Open-Pit; Mexican IMMSA Unit; Peruvian Operations; and Corporate and Other. The Mexican Open-Pit segment manages mines and processes anodes and copper. The Mexican IMMSA Unit segment operates underground coal mines. The Peruvian Operations segment includes open-pit mines in Peru. The Corporate and Other segment consists of the firm’s administrative activities. The company was founded on December 12, 1952 and is headquartered in Phoenix, AZ.

Disclaimer

The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.

 





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Microsoft Corp. : MSFT-US: Dividend Analysis : May 18th, 2017 (record date) : By the numbers : May 19, 2017

This post was originally published on this site



My 2014 Best Performers, Looking Ahead To 2015

Our analysis is based on comparing Microsoft Corp. with the following peers – Oracle Corporation, International Business Machines Corporation, Alphabet Inc. Class A, HP Inc., Cisco Systems, Inc., Apple Inc., CA, Inc., SAP SE Sponsored ADR, Red Hat, Inc. and Yahoo! Inc. (ORCL-US, IBM-US, GOOGL-US, HPQ-US, CSCO-US, AAPL-US, CA-US, SAP-US, RHT-US and YHOO-US).

Microsoft Corp.’s dividend yield is 2.26 percent and its dividend payout is 67.70 percent. This compares to a peer median dividend yield of 1.53 percent and a payout level of 28.57 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 75 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), MSFT-US paid a medium quality dividend, which represents a yield of 2.26% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 2 were high quality and 3 were medium quality.
  • The ending cash balance, with a dividend coverage of 10.81x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), MSFT-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 3.17x), investing cash flow (coverage of -4.25x), issuance cash flow (coverage of 2.04x) and twelve-month prior cash (coverage of 9.05x), for a total dividend coverage of 11.81x.

MSFT-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -1.11x). Thus, the total coverage including share buybacks is 12.92x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

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These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-06-30 2013-06-30 2014-06-30 2015-06-30 2016-06-30 Latest
Dividend Yield (%) 2.49 2.59 2.58 2.79 2.75 2.26
Dividend Payout (%) 40 35.66 42.59 83.78 68.57 67.7

A complete list of metrics and analysis is available on the company page.

Company Profile

Microsoft Corp. engages in the provision of developing and marketing software and hardware services. Its products include operating systems for computing devices, servers, phones and intelligent devices. It also offers server applications for distributed computing environments, productivity applications, business solution applications, desktop and server management tools, software development tools, video games, and online advertising. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and cloud services in portfolio of productivity, communication, and information services. It comprises of office commercial, office consumer, and microsoft dynamics business solutions. The Intelligent Cloud segment offers hybrid server products and cloud services. It comprises of server products and cloud services and enterprise services. The More Personal Computing segment comprises of windows, devices, gaming, and search advertising. The company was founded by William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Disclaimer

The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.






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Garmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : May 19, 2017

This post was originally published on this site

*Disclaimer : This is as of previous day’s closing price.

Technical Indicators

Below is a quick look at 5 technical indicators for Garmin Ltd.. More studies are available on the Technical Chart.

Indicator Signal
Closing Price above/below 50 Day Moving Average Bearish
Closing Price above/below 200 Day Moving Average Bullish
50 Day Moving Average above/below 200 Day Moving Average Bullish
RSI Reading Level (<30 or >70) Fair Value
MACD Compared to 9D EMA Signal Line Bearish

View these and more technical studies for Garmin Ltd.

Share Price Performance Relative to Peers

With respect to peers, relative outperformance over the last year is in contrast to the more recent underperformance.

GRMN-US‘s change in share price of 27.69% for the last 12 months is better than its peer median. However, the 30-day trend in its share price performance of 3.53% is below the peer median suggesting that the company’s recent performance has faded significantly relative to peers.

Share Price Performance

Quadrant label definitions. Hover to know more

Leading, Fading, Lagging, Rising

Screen for companies using relative share price performance

Earnings Momentum

Garmin Ltd. has an earnings score of 50 and has a relative valuation of NEUTRAL.

Stocks with High Earnings Momentum are a preferred option for momentum plays. If they are undervalued, it can be a further advantage and may indicate sustained momentum.

Earnings Momentum Vs Relative Valuation

Quadrant label definitions. Hover to know more

Overvalued, High Earnings Momentum, Undervalued, High Earnings Momentum, UnderValued, Low Earnings Momentum, Overvalued, Low Earnings Momentum

Screen for companies using Earnings Momentum Score






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ETFs with exposure to Garmin Ltd. : May 18, 2017

This post was originally published on this site

ETFs with exposure to Garmin Ltd.

Here are 5 ETFs with the largest exposure to GRMN-US. Comparing the performance and risk of Garmin Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name GRMN-US Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
SNSR-US Global X Internet of Things Thematic ETF 5.56 N/A N/A 0.68 N/A
FITS-US The Health and Fitness ETF 4.66 N/A N/A 0.5 N/A
WBIA-US WBI SMID Tactical Growth Shares 3.69 11.33 12.18 1 N/A
DVP-US Deep Value ETF 3.08 21.49 16.09 0.8 N/A
WBIC-US WBI SMID Tactical Yield Shares 2.86 9.04 10.71 1.05 N/A
GRMN-US Garmin Ltd. 100 27.56 2 0 1

Use our ETF screener to find ETFs that hold GRMN-US along with other stocks

ETFs with exposure to stocks in the same focus area as Garmin Ltd..

Here are 5 ETFs with the largest exposure to stocks in the same focus area and region as GRMN-US. These ETFs may not have the highest percentage of Garmin Ltd., but offer a broader sector/region exposure further minimizing single stock risk. Comparing the performance and risk of Garmin Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name GRMN-US Exposure (%) Sector Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
IHI-US iShares U.S. Medical Devices ETF 0 42.65 20.79 13.64 0.43 N/A
IGN-US iShares North American Tech-Multimedia Networking ETF 0 36.12 31.75 15.27 0.47 N/A
PHO-US PowerShares Water Resources Portfolio 0 29.45 15.58 12.69 0.61 N/A
PPA-US PowerShares Aerospace & Defense Portfolio 0 26.86 21.7 12.01 0.64 N/A
ITA-US iShares U.S. Aerospace & Defense ETF 0 24.39 23.09 12.89 0.43 N/A
GRMN-US Garmin Ltd. 100 100 27.56 2 0 1

Use our natural language search to find ETFs in any focus area

*Disclaimer : This is as of previous day’s close






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EFCRevenuesHistory1495118053-94fe35550b9fb10b72a6479a2c6d0cf804417216

Ellington Financial LLC :EFC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 18, 2017

This post was originally published on this site

Ellington Financial LLC reports financial results for the quarter ended March 31, 2017.

We analyze the earnings along side the following peers of Ellington Financial LLC – Walter Investment Management Corp., Walker & Dunlop, Inc., America First Multifamily Investors, L.P., Ladder Capital Corp. Class A, Hannon Armstrong Sustainable Infrastructure Capital, Inc., PennyMac Financial Services, Inc. Class A and Arlington Asset Investment Corp. Class A (WAC-US, WD-US, ATAX-US, LADR-US, HASI-US, PFSI-US and AI-US) that have also reported for this period.

Highlights

  • Summary numbers: Revenues of USD 22.02 million, Net Earnings of USD 15.28 million.
  • Gross margins widened from 47.53% to 79.10% compared to the same period last year, operating (EBITDA) margins now 67.66% from -275.55%.
  • Year-on-year change in operating cash flow of -42.38% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
  • Earnings growth from operating margin improvements as well as one-time items.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income (See complete table at the end of this report):

2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31
Relevant Numbers (Quarterly)
Revenues (mil) 22.02 22.46 -3.99 18.04 9.74
Revenue Growth (%YOY) 126.15 -8.83 -110.65 -32.68 -73.33
Earnings (mil) 15.28 1.69 0.52 4.99 -23.2
Earnings Growth (%YOY) 165.85 -4.94 -86.76 -62.33 -220.45
Net Margin (%) 69.39 7.53 N/A 27.64 -238.32
EPS 0.47 0.05 0.02 0.15 -0.69
Return on Equity (%) 9.41 1.03 0.31 2.9 -12.94
Return on Assets (%) 2.29 0.27 0.08 0.71 -3.15

Access our Ratings and Scores for Ellington Financial LLC

Market Share Versus Profits

Revenues History
Earnings History

EFC-US‘s change in revenue this period compared to the same period last year of 126.15% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that EFC-US is holding onto its market share. Also, for comparison purposes, revenues changed by -1.99% and earnings by 802.96% compared to the immediate last period.

Revenues Growth Versus Earnings Growth

Quadrant label definitions. Hover to know more

Leader, Earnings Focus, Laggard, Revenues Focus

Earnings Growth Analysis

The company’s earnings growth was influenced by year-on-year improvement in gross margins from 47.53% to 79.10% as well as better cost controls. As a result, operating margins (EBITDA margins) rose from -275.55% to 67.66% compared to the same period last year. For comparison, gross margins were 76.28% and EBITDA margins were 24.46% in the last reporting period.

Gross Margin Versus EBITDA Margin

Quadrant label definitions. Hover to know more

Differentiated; Low Cost, Commodity; Low Cost, Commodity; High Cost, Differentiated; High Cost

Cash Versus Earnings – Sustainable Performance?

It is important to examine a company�s cash versus earnings numbers to gauge whether its performance is sustainable.

Operating Cash Flow Growth Versus Earnings Growth

Quadrant label definitions. Hover to know more

Cash Flow based Earnings, Likely Non-cash Earnings, Low Cash Flow Base, Likely Undeclared Earnings

EFC-US‘s change in operating cash flow of -42.38% compared to the same period last year is about the same as its change in earnings this period. Additionally, this change in operating cash flow is about average among its peer group. This suggests that the company did not use accruals or reserves to manage earnings this period, and that, all else being equal, the earnings number is sustainable.

Margins

The company’s earnings growth has also been influenced by the following factors: (1) Improvements in operating (EBIT) margins from -275.55% to 67.66% and (2) one-time items. The company’s pretax margins are now 71.45% compared to -238.17% for the same period last year.

EBIT Margin Versus PreTax Margin

Quadrant label definitions. Hover to know more

Operation driven Earnings, One-time Favorables, Low Earnings Base, One-time Unfavorables
EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for Ellington Financial LLC

Company Profile

Ellington Financial LLC engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

CapitalCube does not own any shares in the stocks mentioned and focuses solely on providing unique fundamental research and analysis on approximately 50,000 stocks and ETFs globally. Try any of our analysis, screener or portfolio premium services free for 7 days. To get a quick preview of our services, check out our free quick summary analysis of EFC-US.

 





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ETFs with exposure to Verizon Communications, Inc. : May 15, 2017

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ETFs with exposure to Verizon Communications, Inc.

Here are 5 ETFs with the largest exposure to VZ-US. Comparing the performance and risk of Verizon Communications, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name VZ-US Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
VOX-US Vanguard Telecommunication Services ETF 22.81 2.75 14.56 0.1 27
FCOM-US Fidelity MSCI Telecommunication Services Index ETF 20.6 9.73 14.6 0.08 29
IXP-US iShares Global Telecom ETF 15.42 -3.88 12.23 0.47 35
IYZ-US iShares US Telecommunications ETF 9.25 6.09 18.13 0.43 22
XHD-CN iShares US High Dividend Equity Index Fund CAD-Hedged 5.99 5.65 8.49 0.33 78
VZ-US Verizon Communications, Inc. 100 -10.94 2.27 0 1

Use our ETF screener to find ETFs that hold VZ-US along with other stocks

ETFs with exposure to stocks in the same focus area as Verizon Communications, Inc..

Here are 5 ETFs with the largest exposure to stocks in the same focus area and region as VZ-US. These ETFs may not have the highest percentage of Verizon Communications, Inc., but offer a broader sector/region exposure further minimizing single stock risk. Comparing the performance and risk of Verizon Communications, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility.

Ticker Fund Name VZ-US Exposure (%) Sector Exposure (%) 1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
IYZ-US iShares US Telecommunications ETF 9.25 85.3 6.09 18.13 0.43 22
VOX-US Vanguard Telecommunication Services ETF 22.81 84.14 2.75 14.56 0.1 27
FCOM-US Fidelity MSCI Telecommunication Services Index ETF 20.6 82.27 9.73 14.6 0.08 29
IXP-US iShares Global Telecom ETF 15.42 44.43 -3.88 12.23 0.47 35
XLK-US Technology Select Sector SPDR Fund 3.01 28.67 31.07 11.41 0.14 74
VZ-US Verizon Communications, Inc. 100 100 -10.94 2.27 0 1

Use our natural language search to find ETFs in any focus area

*Disclaimer : This is as of previous day’s close






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Apple, Inc. : AAPL-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 12, 2017

This post was originally published on this site



Year-To-Date Winners: We Have Found The Market And It's Apple

APPLE – THE BEST OPPORTUNITY EVER?

I SEE APPLE GOING BACK ABOVE $300, SOONER RATHER THAN LATER

Our analysis is based on comparing Apple, Inc. with the following peers – HP Inc., Microsoft Corporation, Alphabet Inc. Class A, International Business Machines Corporation, Nokia Oyj Sponsored ADR and BlackBerry Limited (HPQ-US, MSFT-US, GOOGL-US, IBM-US, NOK-US and BBRY-US).

Apple, Inc.’s dividend yield is 1.52 percent and its dividend payout is 26.67 percent. This compares to a peer average dividend yield of 2.43 percent and a payout level of 30.74 percent. This relatively lagging dividend performance could spur some dividend action going forward – as long as the company’s relatively strong dividend quality score of 100 out of a possible score of 100 looks sustainable.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), AAPL-US paid a high quality dividend, which represents a yield of 1.48% at the current price.
  • Dividends paid during each of the last five years were consistently of high quality.
  • The ending cash balance, with a dividend coverage of 5.41x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), AAPL-US paid a high quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 5.34x), investing cash flow (coverage of -3.64x), issuance cash flow (coverage of -1.22x) and twelve-month prior cash (coverage of 4.45x), for a total dividend coverage of 6.41x.

AAPL-US‘s issuance cash flow includes outflows from net share buybacks (coverage of -2.71x). Thus, the total coverage including share buybacks is 9.12x, which reflects our assumption that the cash paid for share buybacks is discretionary and could instead be used to pay dividends.

TTM)1494609607.png" title="Dividend Coverage by Cash Flow (TTM)" alt="Dividend Coverage by Cash Flow (TTM)">

These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.

Dividend History

Item 2012-09-30 2013-09-30 2014-09-30 2015-09-30 2016-09-30 Latest
Dividend Yield (%) 0.4 2.43 1.88 1.81 2.02 1.52
Dividend Payout (%) 6 28.68 28.08 21.48 26.23 26.67

A complete list of metrics and analysis is available on the company page.

Company Profile

Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries not included in the reportable operating segments of the company. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

Disclaimer

The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website www.analytixinsight.com.






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KKR & Co. LP :KKR-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017

This post was originally published on this site

KKR & Co. LP reports financial results for the quarter ended March 31, 2017.

We analyze the earnings along side the following peers of KKR & Co. LP – Och-Ziff Capital Management Group LLC Class A, Blackstone Group L.P., Apollo Global Management, LLC Class A, Carlyle Group L.P., Invesco Ltd. and BlackRock, Inc. (OZM-US, BX-US, APO-US, CG-US, IVZ-US and BLK-US) that have also reported for this period.

Highlights

  • Summary numbers: Revenues of USD 862.12 million, Net Earnings of USD 267.68 million.
  • Year-on-year change in operating cash flow of 284.37% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
  • Earnings growth from operating margin improvements as well as one-time items.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income (See complete table at the end of this report):

2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31
Relevant Numbers (Quarterly)
Revenues (mil) 862.12 815.28 975.67 685.53 119.52
Revenue Growth (%YOY) 621.3 -45.86 -19.96 -61.53 -94.14
Earnings (mil) 267.68 179.31 360.35 99.58 -329.94
Earnings Growth (%YOY) 181.13 455.88 289.07 -73.54 -221.97
Net Margin (%) 31.05 21.99 36.93 14.53 -276.05
EPS 0.52 0.35 0.73 0.19 -0.73
Return on Equity (%) 5.86 4.03 8.67 2.46 -4.1
Return on Assets (%) 2.65 1.86 3.82 1.11 -2.5

Access our Ratings and Scores for KKR & Co. LP

Market Share Versus Profits

Revenues History
Earnings History

KKR-US‘s change in revenue this period compared to the same period last year of 621.30% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that KKR-US is holding onto its market share. Also, for comparison purposes, revenues changed by 5.74% and earnings by 49.29% compared to the immediate last period.

Revenues Growth Versus Earnings Growth

Quadrant label definitions. Hover to know more

Leader, Earnings Focus, Laggard, Revenues Focus

Cash Versus Earnings – Sustainable Performance?

It is important to examine a company�s cash versus earnings numbers to gauge whether its performance is sustainable.

Operating Cash Flow Growth Versus Earnings Growth

Quadrant label definitions. Hover to know more

Cash Flow based Earnings, Likely Non-cash Earnings, Low Cash Flow Base, Likely Undeclared Earnings

KKR-US‘s change in operating cash flow of 284.37% compared to the same period last year is about the same as its change in earnings this period. Additionally, this change in operating cash flow is about average among its peer group. This suggests that the company did not use accruals or reserves to manage earnings this period, and that, all else being equal, the earnings number is sustainable.

Margins

The company’s earnings growth has also been influenced by the following factors: (1) Improvements in operating (EBIT) margins from -880.29% to 63.51% and (2) one-time items. The company’s pretax margins are now 97.25% compared to -634.57% for the same period last year.

EBIT Margin Versus PreTax Margin

Quadrant label definitions. Hover to know more

Operation driven Earnings, One-time Favorables, Low Earnings Base, One-time Unfavorables
EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for KKR & Co. LP

Company Profile

KKR & Co. LP provides investment and private equity asset management services. It manages investments across multiple asset classes includes private equity, energy, infrastructure, real estate, credit and hedge funds. The firm operates business through four business segments: Private Markets, Public Markets and Capital Markets and Principal Activities. The Private Markets segment is comprised of the global private equity business, which manages and sponsors a group of investment funds and vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Public Markets segment is comprised primarily of the company fixed income businesses which manage capital in liquid credit strategies, such as leveraged loans and high yield bonds, and less liquid credit products, such as mezzanine debt, special situation assets, rescue financings, distressed assets, debtor-in-possession financings and exit financings. The Capital Markets segment combines the assets acquired in the Combination Transaction with the company’s global capital markets business. The Principal Activities segment manages the firm’s own assets and deploys capital to support and grow the businesses. The company was founded by Henry R. Kravis and George R. Roberts on June 25, 2007 and is headquartered in New York, NY.

CapitalCube does not own any shares in the stocks mentioned and focuses solely on providing unique fundamental research and analysis on approximately 50,000 stocks and ETFs globally. Try any of our analysis, screener or portfolio premium services free for 7 days. To get a quick preview of our services, check out our free quick summary analysis of KKR-US.

 





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