Valuentum Exclusive Analysis for the Discerning Investor

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Jan 29, 2021

Dividend Increases/Decreases for the Week January 29
Let's take a look at companies that raised/lowered their dividend this week.

Jan 11, 2021

Energy Sector In Shambles, Looks to Recover But Headwinds Persist
Image Source: ConocoPhillips – November 2019 Analyst and Investor Meeting IR Presentation. Though raw energy resource pricing is on the rebound, the outlook for the oil and gas industry remains stressed. Global demand for oil and related refined petroleum products remains subdued due to headwinds generated by the ongoing coronavirus (‘COVID-19’) pandemic. The OPEC+ oil cartel has responded by pledging to keep a significant amount of oil output off the market for an extended time. However, raw energy resource prices need to go much higher and be sustained at elevated levels before the space could become attractive from a longer-term perspective. In our view, the US upstream industry (specifically those in the shale patch) need WTI to move and stay north of $60 per barrel to be in a position to generate meaningful free cash flow while also investing enough to maintain their production bases. We think the dividends at the oil majors may be at risk, even Exxon’s, and we include two high-risk midstream stocks in the High Yield Dividend Newsletter portfolio to capture a relatively benign risk-reward scenario when it comes to their respective yields. We maintain a cautious view on the MLP business model, more generally, however. For now, we are keeping a close eye on the energy sector considering things are slowly moving in the right direction. However, given the collapse in raw energy resources pricing witnessed during the first half of 2020, the industry still has a long way to go before it is out of the woods, so to speak.

Dec 23, 2020

Korn Ferry Is Ridiculously Underpriced, A Huge Market Inefficiency Exposed
Image Shown: Korn Ferry has meaningful global reach and caters to a wide variety of end industries. Image Source: Korn Ferry – Second Quarter of Fiscal 2021 IR Earnings Presentation. Korn Ferry is a global organizational consulting firm that provides recruiting solutions, research offerings, various consulting services and other solutions to a wide array of industries. The firm has meaningful global reach. By investing in its digital capabilities and talent acquisition (growing its highly-skilled workforce) while expanding its worldwide footprint, Korn Ferry aims to differentiate itself from its peers including Ernst & Young, McKinsey, Willis Towers Watson PLC and Deloitte. We see Korn Ferry as having substantial capital appreciation upside as our fair value estimate of $66 per share of KFY is well above where shares are trading as of this writing (currently KFY is trading in the mid-$40s). Additionally, shares of KFY yield ~0.9%, and the firm offers incremental dividend growth upside as well. The company is highly-rated on the Valuentum Buying Index, with a rating of 9 (as of December 23, 2020).

Oct 21, 2020

Lockheed Martin Beats Expectations and Raises Guidance Yet Again
Image Shown: Lockheed Martin continued to grow its revenues and segment operating profit in the third quarter of fiscal 2020. Image Source: Lockheed Martin Corporation – Third Quarter of Fiscal 2020 IR Earnings Presentation. On October 20, Lockheed Martin Corp reported third quarter earnings for fiscal 2020 (period ended September 27, 2020) that beat consensus top- and bottom-line estimates. Lockheed Martin’s GAAP sales rose by 9% year-over-year, hitting $16.5 billion, in part due to the company increasing its F-35 aircraft deliveries to 31 in the fiscal third quarter from 28 in the same quarter last fiscal year. Additionally, all four of Lockheed Martin’s core business segments (‘Aeronautics,’ ‘Missiles and Fire Control,’ ‘Rotary and Mission Systems’ and ‘Space’) reported year-over-year sales growth. Lockheed Martin’s diluted EPS from continuing operations rose by over 10% year-over-year last fiscal quarter, though its GAAP diluted EPS was held down (still grew by 7% year-over-year) by a loss from its discounted operations relating to the resolution of a tax dispute stemming from a 2016 divestment.

Feb 5, 2020

Our Reports on Stocks in the Management Services Industry
Image Source: GovWin. We've optimized our coverage.

Jan 31, 2020

Dividend Increases/Decreases for the Week Ending January 31
Let's take a look at companies that raised/lowered their dividend this week.

Nov 1, 2019

Dividend Increases/Decreases for the Week Ending November 1
Let's take a look at companies that raised/lowered their dividend this week.

Apr 9, 2019

Top Research and Ideas You May Have Missed
Is Quant Value Giving Intrinsic Value Investors a Bad Name? Surely, you don't believe Warren Buffett's "style" is out of favor?

Feb 1, 2019

Dividend Increases/Decreases for the Week Ending February 1
Let's take a look at companies that raised/lowered their dividend this week.

Feb 16, 2018

Dividend Increases/Decreases for the Week Ending February 16
Let's take a look at companies that raised/lowered their dividend this week.