James Hendries

DECEMBER 4, 2022

Retail sales data from the Census Bureau (we focus on the Retail Sales excluding Food Service, Autos, Building Materials, and Gas Stations statistics) has shown year-over-year growth, slow from the average mid-teens numbers seen in 2021, to a still healthy upper-single digits number in 2022 [Figure 2]. over the last 20 years, pre-2020.

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The Big Picture

AUGUST 20, 2024

And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. We were one of the last to get what’s called a value added license to the compus stat database.

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The Big Picture

OCTOBER 24, 2022

And there was just a very rich development period, which I think at the time, I don’t know, if I fully appreciate it, I’m someone who likes to see change licensing developments. And how do we think about them from a valuation perspective? And when we were looking at the markets at the end of 2021, both U.S.

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James Hendries

JUNE 26, 2023

The S&P 500’s Relative Strength Index (RSI)—a momentum oscillator used to measure the speed and magnitude of price action—recently reached its most overbought reading since November 2021 (Figure 1). It is also a major component used to calculate the price-to-earnings valuation ratio. At the same time, the resilience of the U.S.

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Trade Brains

JULY 18, 2024

Major expenses include network operations (26%), depreciation (18.13%), and license fees (7.76%). In the Renewable energy space, the company in AGM 2021, announced an investment of over Rs. This would be a value unlocking for various businesses and different valuations for its companies. 20,607 crore. year-over-year in Q4.

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Trade Brains

AUGUST 3, 2022

1,879 crores for the fiscal year 2021-22. The Railway Ministry plans to reduce the land licensing fee from 6% to 3.5% to aid the valuation of the company. It was made public in January of 2021. They declined to Rs. 783 crores during FY21 sharply because of the pandemic. 664 crores on a total income of Rs.

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Brown Advisory

JANUARY 1, 2023

Download it here > Dear Fellow Investors, If we had to sum up 2022 in one word it would be valuation. War, inflation, recession, deglobalisation, decoupling, strikes, crypto-crash and energy (crisis) all featured but for us the overriding focus for 2022 was valuation. net of fees return in 2021, 20.2% relative underperformance.

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James Hendries

JANUARY 20, 2023

We often hear analysts projecting the seemingly obvious “earnings matter” refrain; of course earnings and fundamentals matter, but at times of irrational exuberance—though not as much in 2022 and 2021—and meme stocks ( see here ), we feel the need to yell it even louder. Insurance products are offered through LPL or its licensed affiliates.

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James Hendries

SEPTEMBER 27, 2022

In late 2021, markets expected the Fed to largely stay on the sidelines and keep short-term interest rates low. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. All index data from FactSet.

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Trade Brains

JULY 23, 2022

In Crores) Company 2017 2018 2019 2020 2021 2022 Revenue ? The company has managed a low PE compared to its peers in the industry promises a fair valuation despite the meteoric rise. In Crores) Company 2017 2018 2019 2020 2021 2022 Revenue ? But later, the company bounced back netting 176% of profit for 2021. Net Profit

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Trade Brains

MAY 6, 2023

The carrier also lost its flying license during the period. The company has also got its license back recently and may be at the cusp of a turnaround. The company has lost more than 83% of its market capitalization in the 5 years. Recently, it was bailed out by a private equity firm and Dubai-based businessmen.

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James Hendries

JUNE 20, 2023

The latest Consumer Price Index (CPI) print decelerated toward the lower end of expectations, with overall headline inflation falling to the lowest level since April 2021. It is also a major component used to calculate the price-to-earnings valuation ratio. Insurance products are offered through LPL or its licensed affiliates.

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The Big Picture

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. What are the, you know, I’d literally have it in my handheld.

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WiserAdvisor

FEBRUARY 14, 2024

These officially licensed gaming platforms endorsed by major sports leagues offer a unique blend of virtual sports entertainment. eSports had a valuation of $1.45 In contrast to the extreme volatility experienced in financial markets, 2021 emerged as a record-breaking year for the fine wine market. billion from 2021 to 2028.

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ClearMoney

NOVEMBER 4, 2021

Exhibit 4 shows marked inconsistency in valuation characteristics for the three largest US equity momentum funds during the value premium rally of late 2020 through early 2021. Price-to-book ratios for all three surged briefly in the fourth quarter of 2020 before dropping precipitously during the second quarter of 2021.

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ClearMoney

DECEMBER 5, 2021

Nathaniel Popper, “Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes,” New York Times , January 12, 2021. Dimensional Hong Kong Limited is licensed by the Securities and Futures Commission to conduct Type 1 (dealing in securities) regulated activities only and does not provide asset management services.

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ClearMoney

DECEMBER 14, 2021

Valuation theory helps us identify relevant factors by providing insights about differences in expected returns across stocks. 5Wes Crill, “Out of Bounds: Style Drift in the Russell 2000 Value Index,” Insights (blog), Dimensional Fund Advisors, June 2021. 1 (January 2016): 69–103. Dimensional Japan Ltd.,

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James Hendries

JULY 6, 2022

While we acknowledge that a V-shaped recovery is probably not in the cards and prior valuation targets no longer appear achievable, we remain constructive on equities for the second half, but not complacent. Remember stock valuations are inversely correlated to inflation and interest rates. So a P/E over 20 is probably too rich.

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James Hendries

FEBRUARY 27, 2023

The debt ceiling was last raised in December 2021. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. It is also a major component used to calculate the price-to-earnings valuation ratio.

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