FMP
Jul 29, 2022 11:00 AM - Davit Kirakosyan
Valero Energy Corporation (NYSE:VLO) reported its Q2 results, with EPS of $11.36 coming in better than the consensus estimate of $9.14. Revenue was $51.64 billion, compared to the consensus estimate of $40.73 billion.
As expected, the refining segment posted a strong quarter given the elevated crack environment and high utilization of 94% during Q2, which resulted in significant cash generation. Refining margins in the quarter were supported by strong product demand and low inventories. Additionally, US refineries continue to have cost advantages over global competitors given differences in energy costs.
According to the analysts at RBC Capital, the big EPS beat (which is allowing continued balance sheet improvements and a materially higher pace of stock buybacks), coupled with a potentially higher structural mid cycle provide support and upside to the company’s valuation.
The analysts raised their price target to $143 from $141, while maintaining their outperform rating.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...