Coverage stock updates
Don’t forget, amongst the various features and valuation tools within the GrowthRater WebApp are regular commentary updates. Last month’s include the below:
Recent comment updates
| Date | Company | Event |
|---|---|---|
| 21/09/2023 | Factset Research Systems Inc | Q4 FY23 update: Structurally sound and solidly valued, albeit not immediately compelling while equity markets remain stretched |
| 20/09/2023 | Fedex Corp | Q1 FY24 update: Soft/no landing play from current levels |
| 14/09/2023 | M&C Saatchi | H1 FY23 update: Ambitious margin guidance for FY23, or just a testament to provisioning! |
| 12/09/2023 | Associated British Foods plc | FY23 pre-close update: Improving trading and particularly margin recovery potential into FY24 |
| 07/09/2023 | Rubis SCA | H1 FY23 update: Placid facade hiding roiling African FX volatility |
| 01/09/2023 | bioMerieux SA | H1 FY23 update: After the pandemic, the clear up |
| 31/08/2023 | Air France | 1:10 share consolidation update: - Yield driven margin recovery may offer a shaky foundation into contracting discretionary consumer incomes |
| 29/08/2023 | BUNZL PLC | H1 FY23 update: Acq momentum OK, albeit mkt is seemingly under-whelmed |
| 28/08/2023 | Rightmove | H1 FY23 update: Careful stewardship of its dominant market position |
| 23/08/2023 | NVIDIA Corporation | Q2 FY24 update: 94% marginal revenue drop-thru. Too good to be true? |
| 23/08/2023 | Royal Unibrew | Q2 FY23 update: Improving trading momentum as inflationary headwinds start to ease |
| 23/08/2023 | Baidu, Inc. | Q2 FY23 update: Improving trading trajectory & FCF yield, but how 'free' is FCF from CCP land? |
| 17/08/2023 | DocMorris AG | H1 FY23 update: The usual bit of 'puff', but still dependent on German eRx rollout into FY24 |
| 17/08/2023 | NIBE Industrier AB | Net Zero dependent, particularly with FX & funding rate headwinds |
| 16/08/2023 | CISCO Systems Inc | Q4 FY23 update: Mixed messages on H2 FY24 growth, but strong FCF & Div payout helps compensate |
| 10/08/2023 | Deutsche Telekom | Q2 FY23 update: Forget the growth, its the prospective margin & FCF delivery as it exits the last investment cycle that will drive the valuation |
| 09/08/2023 | Copa Holdings SA | Q2 FY23 update: As good as it gets, as yields soften and fuel prices start to rise again? |
| 09/08/2023 | Flutter Entertainment PLC | H1 FY23 update: Approaching breakeven on rapid US expansion - US listing planned for year end |
| 09/08/2023 | Walt Disney Co | Q3 FY23 update: Confusing political activism for creative talent? |
| 08/08/2023 | InterContinental Hotels Group PLC | H1 FY23 update: Quality player in a still vulnerable sector |
| 08/08/2023 | United Parcel Service Inc | Q2 FY23 update: Not particularly compelling on either rating or trading momentum |
| 08/08/2023 | RTL Group | H1 FY23 update: Streaming subscriber additions disappoint |
| 08/08/2023 | Japan Elevator Service Holdings Co Ltd | Q1 FY24 update: Improving credibility of hitting FY27 targets, albeit the pace of acquisitions may also need to accelerate |
| 08/08/2023 | Bayer | Q2 FY23 update: Glyphosate tail end risk that refuses to die |
| 07/08/2023 | Paramount Global | Q2 FY23 update: More content write-downs and now buying Simon & Schuster - Jeez! |
| 07/08/2023 | Celanese Corp | Q2 FY23 update: Still smarting from its mega acquisition at market peak and into a stagflation - Oops! |
| 05/08/2023 | Middleby Corp | Q2 FY23 update: The calm before the storm? |
| 04/08/2023 | WPP | H1 FY23 update: Peddling hard on provisioning to try and mitigate softening demand |
| 04/08/2023 | LyondellBasell Industries NV | Q2 FY23 update: Another tough quarter for Q3, but perhaps this will finally represent the trough |
| 04/08/2023 | AngloGold Ashanti Ltd | H1 FY23 update: A hedge against further US Fed back-sliding on monetary tightening |
| 03/08/2023 | Apple Inc. | Q3 FY23 update: Rating hopes undermined by lull in product cycle and growing China headwinds |
| 03/08/2023 | DT. Lufthansa | Q2 FY23 update: 8% RoS Target for FY24 - eye on the prize, albeit with ongoing macro headwinds! |
| 03/08/2023 | Telecom Italia | Q2 FY23 update: Corporte allure to tempt the moths to the candle |
| 03/08/2023 | Warner Bros. Discovery Inc | Q2 FY23 update: Rating makes promises that may be difficult to cash on the current trading trajectory |
| 03/08/2023 | Amazon.com, Inc. | Q2 FY23 update: The mask slips on margin potential as marginal revenue drop-thru rates soar to over 30% |
| 03/08/2023 | ProSiebenSat.1 Media SE. | Q2 FY23 update: Eroding credibility in maintained FY23 guidance |
| 03/08/2023 | BIO-RAD LABORATORIES INC | Q2 FY23 update: Negative post C19 trading momentum, but improving valuation proposition |
| 03/08/2023 | Rational AG | Q2 FY23 update: Solid start to FY23, albeit a somewhat bitter-sweet report as FY23 guidance unchanged |
| 02/08/2023 | DuPont de Nemours Inc | Q2 FY23 update: Good in theory, but mainly once the corporate gyrations are completed and volumes stabilise! |
| 02/08/2023 | Verisk Analytics, Inc. | Q2 FY23 update: De-risking and focus of core growth franchise seems a smart move into an uncertain market |
| 02/08/2023 | Wolters Kluwer | H1 FY23 update: Margin catchup needed in H2 to deliver on guidance |
| 02/08/2023 | PayPal Holdings Inc | Q2 FY23 update: Improving value opportunity, albeit transaction margins need to bottom out. |
| 02/08/2023 | Thomson Reuters Ord Shs | Q2 FY23 update: Priced for perfection? |
| 02/08/2023 | Kraft Heinz Co | Q2 FY23 update: Sacrificing volumes & Mkt share for near term margins |
| 01/08/2023 | Daimler Truck Holding AG | Q2 FY23 update: Still life in the old diesel yet! |
| 01/08/2023 | BP | Q2 FY23 update: Sucker's rally on what may prove to be a temporary recovery in prices |
| 01/08/2023 | Diageo | FY23 update: H2 FY24 margin outlook upside, albeit FCF conversion performance remains an issue |
| 01/08/2023 | MFE-MEDIAFOREUROPE NV | Q2 FY22 update: Scale advantage, or just building another European media tower of babel? |
| 01/08/2023 | Domino's Pizza | H1 FY23 update: Growing consumer price resistance underlying superficial attraction of modest guidance upgrade |
| 01/08/2023 | Gartner Inc | Q1 FY23 update: AI helping to offset the usual IT cyclical headwinds |
| Date | Company | Event |