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
|Q4 FY24 update: 'Climbing a wall of worry' after another stunning quarter and guidance
|FY23 update: Growth headwinds from AI?
|Verisk Analytics, Inc.
|Q4 FY23 update: Robust trading trajectory/guidance into FY24
|FY23 update: Opportunity premium/discount? Core fairly priced, but markets may not have forgotten White Wave yet
|FY23 update: Solid delivery & guidance, albeit focus on yesterday's hot area of ESG rather than tomorrow's of AI
|InterContinental Hotels Group PLC
|FY23 update: Quality player in a still vulnerable sector
|Q4 FY23 update: When reach exceeds grasp
|NIBE Industrier AB
|Q4 FY23: A Net Zero winner - a double edged sword however!
|Q4 & FY23 update: Reluctance to 'fess up' to stalling EV sales should say it all!
|FY23 update: Jumping on the AI bandwagon - reminiscent of the Dotcom buble!
|Q4 & FY23 update: Past peak investment, but yet to deliver the growth dividend
|Q4 & FY23 update: Rising funding costs meets low CROIC to squeeze marginal returns into EV cul de sac
|Q4 FY23 update: Post CPI price gouging promises healthy demand for price comparative services
|BIO-RAD LABORATORIES INC
|Q4 FY23 update: FY24 guidance offers only thin gruel for the bulls
|Q4 FY23 update: Yet another streaming platform!
|CISCO Systems Inc
|Q2 FY24 update: Guidance dumps for H2 as group fires 5% of staff!
|Kraft Heinz Co
|Q4 FY23 update: Ambitious guidance assumes restoring volumes by H2 without sacrificing margins
|Barrick Gold Corp
|Q4 & FY23 update: Reserves NPV (at $2,000/oz) in line with current stock price (~$15) with a 1:2 leverage ratio
|The Coca-Cola Co
|Q4 FY23 update: Solid trading trajectory & guidance into FY24
|FY23 update: Caught in a strategic cul de sac
|Marriott International Inc
|Q4 FY23 update: Opaque disclosure and superficially disappointing FY24 EPS guidance
|Q4 FY23 update: Deteriorating volumes suggests a future margin/growth penalty for overly aggressive pricing decisions
|Thomson Reuters Ord Shs
|Q4 FY23 update: AI, a re-run of the dotcom trap for legacy media?
|Q4 & FY23 update: Low excitement, but solid value
|Q4 FY23 update: Upbeat revenue guidance for FY24 - possibly ambitious!
|S&P Global Inc
|Q4 FY23 update: Punchy growth guidance into 2024 as bond issuances rebound - but for how long?
|Q4 FY23 update: further drag from China - masks still on?
|Japan Elevator Service Holdings Co Ltd
|Q3 FY24 update: Less enthralling than the initial stock price reaction might suggest
|Interpublic Group of Companies Inc
|Q4 FY23 update: Growth struggles - some cyclical, but more possibly structural
|Walt Disney Co
|Q1 FY24 update: Cost cuts to drive earnings/FCF and increased investor distributions - a market pleasing message after all the wokery
|Q4 FY23 update: feedstock price tailwinds, but also increasing pressure to given back on their own pricing
|PayPal Holdings Inc
|Q4 FY23 update: Earnings guidance becalmed notwithstanding a further $5bn of planned share buybacks - underwhelming
|Copa Holdings SA
|Q4 FY23 update: As good as it gets, as yields soften and fuel prices start to rise again?
|Q3 FY24 IMS: "modestly ahead" EBITA YoY is slightly better than I had been modelling
|Q4 FY23 update: OpEx headwinds & poor disclosure on a high rating limits the investment appeal at current levels
|DuPont de Nemours Inc
|Q4 FY23 update: Sweetening the downgrade, with guidance for some early (QoQ) improvemnt by Q2
|Q4 FY23 update: Approaching a margin trough perhaps, but without a convincing rebound narrative yet
|Omnicom Group Inc
|Q4 FY23: Undemanding rating on consensus estimates, but since when have this bunch ever correctly anticipated a marketing downswing?
|Air Products and Chemicals, Inc
|Q4 FY23 update: Cyclical headwinds for a structural winner.
|Q3 FY24 IMS update: re-energised M&A with new CEO, albeit still with limited growth from the core operations
|Q4 FY23 update: Production upside narrative blunted by price lull and Texan/LNG political games
|LyondellBasell Industries NV
|Q4 FY23 update: Potential lock-away for the patient as feedstock prices reverse
|Eastman Chemical Co
|Q4 FY23 update: Transitioning the trough, although the recovery may prove to be protracted
|Exxon Mobile Corp
|Q4 FY23 update: Passing the margin nadir, but as yet still facing an insipid recovery this side of elections
|Q4 FY23 update: Entering a holding pattern awaiting the net zero hysteria to blow itself out/up
|Q1 FY24 update: Soft China sales & cautious guidance into Q2 leaves the rating somewhat stranded
|Q4 FY23 update: The mask slips on margin potential as marginal revenue drop-thru rates continue to soar
|Meta Platforms Inc
|Q4 FY23 update: Little appreciable impact on revenues from cutting a quarter of staff
|Q3 FY24 update: Stagflation - initial benefit with 2/3rds of sales on CPI-linked pricing, but with longer term penalty for real growth and marginal ROIC
|H1 FY24 update: As per the pre-close IMS, with little immediate cause for enthusiasm on the stock