Acfa Cashflow http://acfa-cashflow.com/ Tue, 20 Jul 2021 17:50:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 Home Credit Philippines January-June In-Store Installment Financing Reaches P10.6B https://acfa-cashflow.com/home-credit-philippines-january-june-in-store-installment-financing-reaches-p10-6b/ https://acfa-cashflow.com/home-credit-philippines-january-june-in-store-installment-financing-reaches-p10-6b/#respond Tue, 20 Jul 2021 16:03:55 +0000 https://acfa-cashflow.com/home-credit-philippines-january-june-in-store-installment-financing-reaches-p10-6b/

HOME CREDIT The Philippines saw an increase in in-store installment financing as more consumers purchased items due to work-from-home arrangements and lifestyle changes resulting from the coronavirus pandemic.

The company saw its loans increase year over year in the first half of the year to 10.6 billion pesos, Home Credit chief executive David Minol said in a statement.

Almost a million customers used their facilities during the period to avail products in their partner stores, he added.

Home Credit is present in more than 9,000 physical stores while its app has more than six million downloads.

“This is another encouraging sign that people are gradually recovering from what has been a very difficult year for all of us,” Minol said.

The top five products purchased by consumers who turned to Home Credit for financing were smartphones, televisions, refrigerators, laptops and sports equipment.

Mortgage lending has also seen an increase in demand for financing for the purchase of air conditioners, with sales reaching 296 million pesos from April to May from 132 million pesos in the first quarter. It was awarded to consumers taking advantage of their promotional offers.

“It’s an interesting bestseller list because it reflects the priorities and lifestyles of Filipinos in the new normal. They place a high value on the things that make it possible for their families to live, work and play better, ”said Mr. Minol.

He noted that although shopping malls were closed when a two-week lockdown was imposed in Metro Manila and surrounding provinces in March, Home Credit continued to see a request for funding through its mobile app.

With the gradual lifting of the restriction measures, Minol said consumer traffic is expected to pick up in shopping malls, which could boost demand for loans.

The growing ease of Filipinos in using mobile transactions will also help them gain more customers, he said.

“We know Filipinos have a strong mall culture, and it shows again in this new normal. But what the past few months have also shown is just how digitally savvy Filipinos have become, especially when it comes to e-commerce and online shopping, ”Minol said.

The finance company has served more than seven million customers since launching in the Philippines in 2013. – LWTN


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First Commonwealth Financial (FCF) is expected to report results on Tuesday https://acfa-cashflow.com/first-commonwealth-financial-fcf-is-expected-to-report-results-on-tuesday/ https://acfa-cashflow.com/first-commonwealth-financial-fcf-is-expected-to-report-results-on-tuesday/#respond Tue, 20 Jul 2021 06:40:04 +0000 https://acfa-cashflow.com/first-commonwealth-financial-fcf-is-expected-to-report-results-on-tuesday/

First Commonwealth Financial (NYSE: FCF) is expected to release its quarterly results after market close on Tuesday, July 27. Analysts expect First Commonwealth Financial to post earnings of $ 0.30 per share for the quarter. People who wish to register for the corporate earnings conference call can do so by using this link.

First Commonwealth Financial (NYSE: FCF) last released its quarterly results on Tuesday, April 27. The bank reported EPS of $ 0.41 for the quarter, beating analyst consensus estimates of $ 0.29 by $ 0.12. First Commonwealth Financial posted a return on equity of 10.56% and a net margin of 27.23%. The company posted revenue of $ 96.80 million in the quarter, compared to analysts’ expectations of $ 95.98 million. In the same quarter of the previous year, the company posted earnings per share of $ 0.05. The company’s quarterly revenue grew 11.3% year-over-year. On average, analysts expect First Commonwealth Financial to post EPS of $ 1 for the current fiscal year and EPS of $ 1 for the next fiscal year.

NYSE: FCF opened at $ 13.01 on Tuesday. The company has a leverage ratio of 0.21, a current ratio of 0.90, and a quick ratio of 0.90. First Commonwealth Financial has a 12-month low of $ 7.14 and a 12-month high of $ 15.69. The stock’s 50-day simple moving average is $ 14.54. The stock has a market cap of $ 1.25 billion, a PE ratio of 11.62 and a beta of 1.14.

The company also recently announced a quarterly dividend, which was paid on Friday, May 21. Investors registered on Friday, May 7 received a dividend of $ 0.115 per share. The ex-dividend date of this dividend was Thursday, May 6. This represents an annualized dividend of $ 0.46 and a dividend yield of 3.54%. This is a boost from First Commonwealth Financial’s previous quarterly dividend of $ 0.11. First Commonwealth Financial’s dividend payout ratio (DPR) is currently 56.79%.

Several analysts recently published reports on the company. Stephens assumed coverage of First Commonwealth Financial in a research report on Tuesday, March 30. They set an “overweight” rating and a target price of $ 16.50 for the company. Zacks investment research upgraded First Commonwealth Financial from a “custody” rating to a “strong buy” rating and set a target price of $ 17.00 for the company in a research report released on Friday, April 30. Five analysts assigned a conservation rating to the stock, two assigned a buy rating and one assigned a high buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $ 12.42.

In other news from First Commonwealth Financial, Executive Vice President Norman J. Montgomery sold 20,000 shares of the company in a transaction that took place on Tuesday, June 8. The stock was sold at an average price of $ 15.22, for a total trade of $ 304,400.00. After the transaction closes, the Executive Vice President now owns 56,137 shares of the company, valued at approximately $ 854,405.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. Company insiders own 1.68% of the company’s shares.

About First Commonwealth Financial

First Commonwealth Financial Corporation, a financial holding company, provides a variety of personal and business banking services to individuals and small and medium-sized businesses in the United States. Its consumer services include personal chequing accounts, interest-bearing chequing accounts, health savings and savings accounts, insured money market accounts, debit cards, investment certificates, interest rate certificates of deposit. fixed and variable, mortgages, secured and unsecured installment loans, construction and real estate loans, safes, credit cards, lines of credit with overdraft protection, IRA accounts, and automated teller machines (ABMs) ), as well as Internet, mobile and telephone banking services.

Recommended Story: How to Execute an Ex-Dividend Business Strategy?

History of earnings of First Commonwealth Financial (NYSE: FCF)

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7 retailers who are going against the ecommerce trend

Once again, it looks like the death of the brick and mortar retail business seems to be exaggerated. The first quarter results show that many retailers who depend on in-person traffic for a significant portion of their business are seeing their sales rebound. And many plan to open stores in 2021.

This does not mean that e-commerce is going to disappear. In fact, a characteristic common to many of these stocks is that they expanded or improved their digital footprint during the pandemic.

This special presentation focuses on retailers who plan to increase their physical footprint in 2021. And some plan to do so with a substantial margin. Again, this doesn’t signal a transformative change in the overall trend, but it does mean that for the foreseeable future, brick and mortar will have some relevance.

Check out the “7 Retailers Who Are Going Against The Ecommerce Trend.”

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Bilfinger (ETR: GBF) seems to use debt sparingly https://acfa-cashflow.com/bilfinger-etr-gbf-seems-to-use-debt-sparingly/ https://acfa-cashflow.com/bilfinger-etr-gbf-seems-to-use-debt-sparingly/#respond Tue, 20 Jul 2021 04:48:43 +0000 https://acfa-cashflow.com/bilfinger-etr-gbf-seems-to-use-debt-sparingly/

Warren Buffett said: “Volatility is far from synonymous with risk”. So it can be obvious that you need to consider debt, when you think about how risky a given stock is, because too much debt can sink a business. We can see that Bilfinger SE (ETR: GBF) uses debt in its business. But the most important question is: what risk does this debt create?

When is debt dangerous?

Generally speaking, debt only becomes a real problem when a company cannot repay it easily, either by raising capital or with its own cash flow. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. However, a more common (but still painful) scenario is that he must raise new equity at low cost, thereby diluting shareholders over the long term. That said, the most common situation is where a business manages its debt reasonably well – and to its own advantage. When we look at debt levels, we first consider both liquidity and debt levels.

See our latest review for Bilfinger

What is Bilfinger’s debt?

You can click on the graph below for the historical figures, but it shows that Bilfinger had € 328.3 million in debt in March 2021, up from € 375.7 million a year earlier. But he also has € 920.2million in cash to make up for that, which means he has € 591.9million in net cash.

XTRA: GBF History of debt to equity July 20, 2021

Is Bilfinger’s track record healthy?

According to the latest published balance sheet, Bilfinger had liabilities of 1.17 billion euros at 12 months and liabilities of 866.7 million euros over 12 months. In compensation for these obligations, he had cash of € 920.2 million as well as receivables valued at € 926.5 million within 12 months. It therefore has a total liability of € 191.2 million more than its combined cash and short-term receivables.

This deficit is not that serious as Bilfinger is worth € 935.0m, and could therefore probably raise enough capital to consolidate its balance sheet, should the need arise. But it is clear that it is absolutely necessary to take a close look at whether it can manage its debt without dilution. While he has some liabilities to note, Bilfinger also has more cash than debt, so we’re pretty confident he can handle his debt safely.

And we also warmly note that Bilfinger increased its EBIT by 20% last year, which makes its debt more manageable. When analyzing debt levels, the balance sheet is the obvious starting point. But it is future profits, more than anything, that will determine Bilfinger’s ability to maintain a healthy balance sheet in the future. So, if you want to see what the professionals think, you might find this free analyst earnings forecast report interesting.

Finally, while the IRS may love accounting profits, lenders only accept hard cash. Bilfinger may have net cash on the balance sheet, but it’s always interesting to see how well the company converts its earnings before interest and taxes (EBIT) into free cash flow, as this will influence both its need and its business. ability to manage debt. Over the past three years, Bilfinger has recorded free cash flow of 71% of its EBIT, which is close to normal given that free cash flow excludes interest and taxes. This hard cash allows him to reduce his debt whenever he wants.

In summary

Although Bilfinger has more liabilities than liquid assets, it also has a net cash position of 591.9 million euros. The icing on the cake is that it converted 71% of this EBIT into free cash flow, bringing in 142 million euros. So is Bilfinger’s debt a risk? It does not seem to us. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks lie on the balance sheet – far from it. For example, we discovered 3 warning signs for Bilfinger which you should know before investing here.

If, after all of this, you’re more interested in a fast-growing company with a strong balance sheet, take a quick look at our list of cash net growth stocks.

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Southern (NYSE: SO) Using Too Much Debt? https://acfa-cashflow.com/southern-nyse-so-using-too-much-debt/ https://acfa-cashflow.com/southern-nyse-so-using-too-much-debt/#respond Mon, 19 Jul 2021 13:25:55 +0000 https://acfa-cashflow.com/southern-nyse-so-using-too-much-debt/

Legendary fund manager Li Lu (who Charlie Munger supported) once said, “The biggest risk in investing is not price volatility, but the possibility that you will suffer a permanent loss of capital. So it can be obvious that you need to consider debt, when you think about how risky a given stock is, because too much debt can sink a business. We can see that The Southern Company (NYSE: SO) uses debt in its business. But does this debt worry shareholders?

What risk does debt entail?

Debt helps a business until the business struggles to repay it, either with new capital or with free cash flow. An integral part of capitalism is the process of “creative destruction” where bankrupt companies are ruthlessly liquidated by their bankers. However, a more common (but still costly) event is when a company has to issue stock at bargain prices, constantly diluting shareholders, just to strengthen its balance sheet. Of course, many companies use debt to finance their growth without negative consequences. When we think of a business’s use of debt, we first look at cash flow and debt together.

Check out our latest analysis for the South

What is the debt of the South?

You can click on the graph below for historical numbers, but it shows that as of March 2021, Southern had $ 51.4 billion in debt, an increase from $ 47.8 billion, year on year. . On the other hand, it has $ 1.77 billion in cash, resulting in net debt of around $ 49.6 billion.

NYSE: SO Historical Debt to Equity July 19, 2021

How strong is Southern’s balance sheet?

We can see from the most recent balance sheet that Southern had liabilities of US $ 11.6 billion maturing within one year and liabilities of US $ 80.4 billion maturing beyond that. In return, he had $ 1.77 billion in cash and $ 3.03 billion in receivables due within 12 months. Its liabilities therefore total $ 87.2 billion more than the combination of its cash and short-term receivables.

When you consider that this deficiency exceeds the company’s huge US $ 66.8 billion market cap, you might well be inclined to take a close look at the balance sheet. Hypothetically, an extremely large dilution would be required if the company was forced to repay its debts by raising capital at the current share price.

In order to measure a company’s debt relative to its profits, we calculate its net debt divided by its earnings before interest, taxes, depreciation and amortization (EBITDA) and its profit before interest and taxes (EBIT) divided by its interest. debtors (its interest coverage). In this way, we consider both the absolute amount of debt, as well as the interest rates paid on it.

With a net debt to EBITDA ratio of 5.2, it’s fair to say that Southern has significant debt. However, its interest coverage of 3.1 is reasonably strong, which is a good sign. Given the leverage, it is not ideal that Southern’s EBIT has been fairly stable over the past twelve months. The balance sheet is clearly the area you need to focus on when analyzing debt. But it is future earnings, more than anything, that will determine Southern’s ability to maintain a healthy balance sheet going forward. So if you are focused on the future you can check this out free report showing analysts’ earnings forecasts.

Finally, a business needs free cash flow to pay off debts; accounting profits are not enough. We must therefore clearly check whether this EBIT generates a corresponding free cash flow. Southern has spent a lot of money over the past three years. While this may be the result of spending on growth, it makes debt much riskier.

Our point of view

To be frank, Southern’s net debt to EBITDA and track record of converting EBIT to free cash flow makes us rather uncomfortable with its debt levels. That said, his ability to increase his EBIT is not that much of a concern. It should also be noted that electric utility companies like Southern generally use debt without a problem. We’re pretty clear that we consider Southern to be really quite risky, because of the health of its balance sheet. We are therefore almost as wary of this stock as a hungry kitten falls into its owner’s fish pond: once bitten, twice shy, as they say. When analyzing debt levels, the balance sheet is the obvious starting point. However, not all investment risks lie on the balance sheet – far from it. For example, we discovered 2 warning signs for the South (1 cannot be ignored!) Which you should be aware of before investing here.

If, after all of this, you’re more interested in a fast-growing company with a strong balance sheet, take a quick look at our list of cash net growth stocks.

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$ 91.95 million in expected sales for Eagle Bancorp, Inc. (NASDAQ: EGBN) this quarter https://acfa-cashflow.com/91-95-million-in-expected-sales-for-eagle-bancorp-inc-nasdaq-egbn-this-quarter/ https://acfa-cashflow.com/91-95-million-in-expected-sales-for-eagle-bancorp-inc-nasdaq-egbn-this-quarter/#respond Sun, 18 Jul 2021 03:08:05 +0000 https://acfa-cashflow.com/91-95-million-in-expected-sales-for-eagle-bancorp-inc-nasdaq-egbn-this-quarter/

Wall Street brokerages forecast that Eagle Bancorp, Inc. (NASDAQ: EGBN) will post $ 91.95 million in sales for the current fiscal quarter, according to Zack. Three analysts provided earnings estimates for Eagle Bancorp. The lowest sales estimate is $ 89.17 million and the highest is $ 94.50 million. Eagle Bancorp posted sales of $ 93.86 million in the same quarter last year, suggesting a negative 2% year-over-year growth rate. The company is expected to release its next results after market close on Wednesday, July 21.

According to Zacks, analysts expect Eagle Bancorp to report annual sales of $ 367.06 million for the current year, with estimates ranging from $ 358.77 million to $ 377.10 million . For the next fiscal year, analysts predict the company will report revenue of $ 366.47 million, with estimates ranging from $ 356.75 million to $ 382.90 million. Zacks Investment Research sales averages are an average based on a survey of sales analysts who cover Eagle Bancorp.

Eagle Bancorp (NASDAQ: EGBN) last released its quarterly earnings data on Tuesday, April 20. The financial services provider reported earnings per share (EPS) of $ 1.36 for the quarter, beating the consensus estimate of $ 1.16 by $ 0.20. Eagle Bancorp had a net margin of 35.38% and a return on equity of 12.42%. The company posted revenue of $ 93.24 million in the quarter, compared to a consensus estimate of $ 91.48 million.

Separately, Zacks investment research downgraded Eagle Bancorp shares from a “buy” rating to a “custody” rating in a research note on Tuesday April 6. Five equity research analysts rated the stock with a conservation rating. The stock has a consensus rating of “hold” and an average target price of $ 43.33.

In related news, Executive Vice President Antonio F. Marquez sold 2,000 shares in a transaction dated Tuesday, May 18. The shares were sold at an average price of $ 55.38, for a total trade of $ 110,760.00. Company insiders own 1.56% of the company’s shares.

A number of institutional investors have recently changed their holdings to EGBNs. Norges Bank purchased a new position in Eagle Bancorp in the fourth quarter for a value of approximately $ 15,767,000. Davis Capital Partners LLC increased its stake in Eagle Bancorp by 79.5% in the fourth quarter. Davis Capital Partners LLC now owns 290,214 shares of the financial services provider valued at $ 11,985,000 after purchasing an additional 128,510 shares in the last quarter. Victory Capital Management Inc. increased its stake in Eagle Bancorp by 12.2% in the first quarter. Victory Capital Management Inc. now owns 1,160,284 shares of the financial services provider valued at $ 61,739,000 after purchasing an additional 126,320 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Eagle Bancorp by 129.7% in the first quarter. JPMorgan Chase & Co. now owns 201,213 shares of the financial services provider valued at $ 10,706,000 after purchasing an additional 113,605 shares last quarter. Finally, Connacht Asset Management LP increased its stake in Eagle Bancorp by 97.3% in the first quarter. Connacht Asset Management LP now owns 111,835 shares of the financial services provider valued at $ 5,951,000 after purchasing an additional 55,154 shares in the last quarter. 71.62% of the capital is held by institutional investors.

EGBN shares opened at $ 56.02 on Friday. Eagle Bancorp has a 52-week low of $ 24.81 and a 52-week high of $ 58.84. The company has a market cap of $ 1.79 billion, a P / E ratio of 11.79 and a beta of 1.16. The company’s 50-day simple moving average is $ 56.36. The company has a quick ratio of 0.96, a current ratio of 0.98, and a debt ratio of 0.17.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 2. Investors of record on Thursday, July 22 will receive a dividend of $ 0.35 per share. This is a boost from Eagle Bancorp’s previous quarterly dividend of $ 0.25. This represents an annualized dividend of $ 1.40 and a return of 2.50%. The ex-dividend date is Wednesday July 21. Eagle Bancorp’s dividend payout ratio is currently 24.51%.

Eagle Bancorp Company Profile

Eagle Bancorp, Inc. operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers a variety of commercial and consumer loan products, including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset loans and accounts receivable financing; construction and commercial real estate loans; financing of commercial equipment; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgages.

Read more: How to find the components of the quick report

Get a Free Copy of Zacks’ Research Report on Eagle Bancorp (EGBN)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

History and earnings estimates for Eagle Bancorp (NASDAQ: EGBN)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What is the net asset value (NAV)?

7 stocks to buy that will benefit from inflation

There are two tales that merge when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation will get out of hand.

To the first point, the clear answer is absolutely. There are price increases in everything from raw materials to semiconductor chips. And even if wood prices have come down, it’s a safe bet that many consumers will put off their decking projects until another day.

And, of course, inflation numbers tend to exclude gasoline and groceries – but these are precisely the areas where consumers feel inflation the most. Inflation is real.

But is it just “transient” as many analysts and the Fed itself claim? Or is this just the start of something much worse? The answer to these questions is probably above our level of pay.

As an investor, the inflation story only changes when you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.

However, the first rule of investing is not to lose money, so it is important to identify companies that can provide inflation hedges – transient or not.

This is the subject of this special presentation. Today, many strong companies are profiting from rising inflation.

Check out the “7 stocks to buy that will benefit from inflation”.

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Titan (NSE: TITAN) could be a buy for its next dividend https://acfa-cashflow.com/titan-nse-titan-could-be-a-buy-for-its-next-dividend/ https://acfa-cashflow.com/titan-nse-titan-could-be-a-buy-for-its-next-dividend/#respond Sun, 18 Jul 2021 02:37:50 +0000 https://acfa-cashflow.com/titan-nse-titan-could-be-a-buy-for-its-next-dividend/

Titan Company Limited The stock (NSE: TITAN) is set to trade ex-dividend in three days. Typically, the ex-dividend date is one business day prior to the record date which is the date a company determines which shareholders are eligible to receive a dividend. The ex-dividend date is an important date to know, as any purchase of shares made after this date may mean a late settlement which does not appear on the registration date. Thus, you can buy Titan shares before July 22 in order to receive the dividend that the company will pay on September 1.

The company’s upcoming dividend is 4.00 per share, following the last 12 months when the company has distributed a total of 4.00 per share to shareholders. Calculating the value of last year’s payouts shows Titan has a rolling 0.2% return on the current share price of 1695.35. Dividends are an important source of income for many shareholders, but the health of the business is crucial to sustaining these dividends. It is therefore necessary to check whether dividend payments are covered and whether profits are growing.

See our latest review for Titan

If a company pays more dividends than it has earned, then the dividend could become unsustainable – which is not an ideal situation. Titan paid a comfortable 36% of its profits last year. Yet cash flow is still more important than earnings in valuing a dividend, so we need to see if the company has generated enough cash to pay for its distribution. The good thing is that dividends were well covered by free cash flow, with the company paying 8.9% of its cash flow last year.

It is encouraging to see that the dividend is covered by both earnings and cash flow. This usually suggests that the dividend is sustainable, as long as profits don’t drop sharply.

Click here to view the company’s payout ratio, as well as analysts’ estimates of its future dividends.

Historic NSEI dividend: TITAN July 18, 2021

Have profits and dividends increased?

Companies with strong growth prospects generally make the best dividend payers because dividends are easier to grow when earnings per share improve. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold massively at the same time. That’s why it’s a relief to see Titan’s earnings per share increase 7.6% per year over the past five years. Management reinvested more than half of the company’s profits back into the business, and the company was able to increase its profits with this retained capital. Organizations that reinvest heavily in themselves typically get stronger over time, which can bring compelling benefits like higher profits and dividends.

Another key way to measure a company’s dividend outlook is to measure its historical rate of dividend growth. Titan has generated dividend growth of 18% per year on average over the past 10 years. It is encouraging to see the company raising its dividends as profits rise, suggesting at least some corporate interest in rewarding shareholders.

Last takeaways

From a dividend perspective, should investors buy or avoid Titan? Earnings per share growth has increased somewhat, and Titan pays less than half of its earnings and cash flow as dividends. This is interesting for several reasons, as it suggests that management may be reinvesting heavily in the company, but it also helps to increase the dividend over time. We’d rather see earnings grow faster, but the best long-term dividend-paying stocks typically combine significant earnings per share growth with a low payout ratio, and Titan is halfway there. There’s a lot to love about Titan, and we’d prioritize taking a closer look.

Although it is tempting to invest in Titan purely for dividends, you should always be aware of the risks involved. In terms of investment risks, we have identified 2 warning signs with Titan and understanding them should be part of your investment process.

A common investment mistake is to buy the first interesting stock you see. Here you will find a list of promising dividend paying stocks with a yield above 2% and an upcoming dividend.

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Be sure to consult CVS Health Corporation (NYSE: CVS) before it becomes ex-dividend https://acfa-cashflow.com/be-sure-to-consult-cvs-health-corporation-nyse-cvs-before-it-becomes-ex-dividend/ https://acfa-cashflow.com/be-sure-to-consult-cvs-health-corporation-nyse-cvs-before-it-becomes-ex-dividend/#respond Sat, 17 Jul 2021 12:51:24 +0000 https://acfa-cashflow.com/be-sure-to-consult-cvs-health-corporation-nyse-cvs-before-it-becomes-ex-dividend/

Some investors rely on dividends to grow their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that CVS Healthcare Company (NYSE: CVS) is set to be ex-dividend in just four days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders must be on the books of the company to receive a dividend. The ex-dividend date is an important date to know, as any purchase of shares made after this date may mean a late settlement which does not appear on the registration date. Therefore, if you buy CVS Health shares on or after July 22, you will not be eligible to receive the dividend, when it is paid on August 2.

The company’s upcoming dividend is US $ 0.50 per share, following the past 12 months when the company has distributed a total of US $ 2.00 per share to shareholders. Looking at the last 12 months of distributions, CVS Health has a sliding return of around 2.4% on its current price of $ 81.72. Dividends are a major contributor to returns on investment for long-term holders, but only if the dividend continues to be paid. So we need to determine if CVS Health can afford its dividend and if the dividend could increase.

See our latest analysis for CVS Health

If a company pays more dividends than it has earned, then the dividend could become unsustainable – which is not an ideal situation. CVS Health paid a comfortable 35% of its profit last year. Yet cash flow is usually more important than earnings in assessing dividend sustainability, so we always need to check whether the company has generated enough cash to pay its dividend. The good thing is that dividends were well covered by free cash flow, with the company paying 20% ​​of its cash flow last year.

It is encouraging to see that the dividend is covered by both earnings and cash flow. This usually suggests that the dividend is sustainable, as long as profits don’t drop sharply.

Click here to view the company’s payout ratio, as well as analysts’ estimates of its future dividends.

NYSE: Historical CVS Dividend July 17, 2021

Have profits and dividends increased?

Companies with consistently rising earnings per share usually make the best dividend-paying stocks because they generally find it easier to raise dividends per share. If profits fall and the company is forced to cut its dividend, investors could see the value of their investment go up in smoke. That’s why it’s a relief to see CVS Health’s earnings per share increase by 4.0% per year over the past five years. Recent earnings growth has been limited. However, companies that see their growth slowing can often choose to pay a higher percentage of their profits to shareholders, which could see the dividend continue to rise.

Many investors will assess a company’s dividend yield by evaluating how much dividend payments have changed over time. CVS Health has generated an average annual increase of 19% per year in its dividend, based on dividend payments over the past 10 years. It is encouraging to see the company raising its dividends as profits rise, suggesting at least some corporate interest in rewarding shareholders.

The bottom line

Is CVS Health an attractive dividend-paying stock, or rather left on the shelf? Earnings per share rose moderately, and CVS Health is paying less than half of its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. We’d rather see earnings grow faster, but the best long-term dividend-paying stocks typically combine significant earnings-per-share growth with a low payout ratio, and CVS Health is halfway there. There is a lot to love about CVS Health, and we would prioritize taking a closer look.

With this in mind, an essential part of in-depth stock research is being aware of the risks stocks currently face. For example – CVS Health has 1 warning sign we think you should be aware.

If you are in the dividend-paying stock market, we recommend that you check out our list of the highest dividend-paying stocks with a yield above 2% and a future dividend.

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This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Online Annual Review 2020

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FROM INFRASTRUCTURE TO YOUTH PROGRAMS | New https://acfa-cashflow.com/from-infrastructure-to-youth-programs-new/ https://acfa-cashflow.com/from-infrastructure-to-youth-programs-new/#respond Sat, 17 Jul 2021 07:20:12 +0000 https://acfa-cashflow.com/from-infrastructure-to-youth-programs-new/

City receives community feedback on how to spend COVID-19 federal funds






Residents listen to city officials and employees share information about available funds.




The city of Daytona Beach asked residents this week for their opinion on the best way to spend $ 15 million in coronavirus relief funds.

On Tuesday, a series of meetings kicked off at the Midtown Cultural & Educational Center with a large crowd.

The city has held the meetings for residents to learn about the local coronavirus tax recovery funds Daytona Beach receives from the federal government and to provide feedback on how the funds should be used.

The Daytona Beach allocation is $ 15 million.

State and local fiscal stimulus funds for the coronavirus are designed to provide substantial flexibility to meet local needs, including support for households, small businesses, affected industries and critical workers and communities hardest hit. affected by the pandemic.

The funds can also be used to make necessary improvements to water supply, sewage and broadband infrastructure.

The city received $ 7.5 million in June. A second installment will be received in the first quarter of next year.






FROM INFRASTRUCTURES TO YOUTH PROGRAMS

Business owner Patricia Heard, left, speaks at the meeting.




Subjects and suggestions

Projects for funding are expected to be completed by 2024 but can be extended until 2026.

A wide range of topics have surfaced on how to spend funds, including infrastructure (roads, sidewalks, flooding); professional training; affordable housing (houses, apartments, etc.); youth programs (education, activities, programs, life skills); zoning, small business grants and loans, homeowner grants, health care disparities, mental health and more.

LaToya Gregory is a resident and business owner. She owns Purple Princesses, a mentoring program for girls, and MVP Fitness.

“It was very informative. We are also able to tell them what we need and what we want to do in our community. The city is finding out what it expects from us. Hopefully they will, ”she told the Daytona Times.

There were discussions on how to revitalize economic and living conditions on Dr. Mary McLeod Bethune Boulevard, Dr. Martin Luther King Jr. Boulevard and George W. Engram Boulevard.

“I arrived in Daytona in 1971. At one time, the three trade corridors of MMB, MLK and George Ingram had 67 companies. The things black people like to do, the city won’t let us come here. People ask all the time to rent my properties to do something, but the city tells them they can’t do it, ”said Irvin White.

“Black businesses also need capital. We can hardly borrow money from any bank. The city has a bank that it uses. They should tell these banks that they need to lend to their businesses, ” he added.

Mention was also made of the introduction of the group economy on Mary McLeod Bethune Boulevard, where a group of companies occupy a building and bring art and entertainment to it.






FROM INFRASTRUCTURES TO YOUTH PROGRAMS

A member of municipal staff, to the right, notes the residents’ suggestions.




The city welcomes ideas

The municipal authorities have welcomed the contribution of the community.

“All of you to be here tonight is very important. Everyone is there to make our community better, ”said Deputy City Manager and Daytona Beach Fire Chief Dru Driscoll.

Driscoll chaired the meeting. He walked around the room asking residents the top three things they wanted to see done with the funds.

In the end, the main things were listed including skills training, infrastructure, youth programs, affordable housing, health services and helping small businesses affected by grants and loans.

Mayor Derrick Henry welcomed the residents’ ideas, but cautioned them about the purpose of the funds.

“We keep talking about infrastructure improvements for things like roads, which is good. We should always stand up for that, ”said Henry.

“This money is to help us recover. Also, let me add that we hope to allocate more money this year to roads than ever before. We want to boost businesses, programs for our kids and more.

Commissioner Stacy Cantu also welcomed the concerns.

“The first meeting, I think, was great. We have to see what people want us to spend the money on. I look forward to hearing everyone’s ideas, ”said Cantu, who represents Zone 4 of the city.

“I think the public has done well to let us know what they want. I think we can fix it. I am interested in vocational training, and I am a sidewalk advocate. I think it’s a quality of life asset that we should have.

Daytona Beach Commissioners Paula Reed (Zone 6) and Quanita May (Zone 3) were also present at Tuesday night’s meeting.

Reed said, “It started here tonight in our community. We will certainly have the opportunity to hear the comments and concerns of all of our citizens in the city. “

Similar meetings were held Wednesday evening at the Schnebly Recreation Center, and one was scheduled for Thursday evening at the Daytona Beach Police Department.

The city commission held a workshop to discuss the funds on June 30.

For more information visit www.codb.us/CivicAleforts.aspx?AID=1160

For more general information on how funds can be spent, visit this website: https://home.treasury.gov/system/files/136/SLFRP-Quick-Reference-Guide-FINAL-508a.pdf.

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Husqvarna AB: January Interim Report https://acfa-cashflow.com/husqvarna-ab-january-interim-report/ https://acfa-cashflow.com/husqvarna-ab-january-interim-report/#respond Fri, 16 Jul 2021 06:31:24 +0000 https://acfa-cashflow.com/husqvarna-ab-january-interim-report/

STOCKHOLM, July 16, 2021 / PRNewswire / – A Record Quarter

Second quarter 2021

  • Net sales increased 8% for 14,614m SEK (13 482). Organic growth was 14%, currency fluctuations impacted by -7% and acquisitions by 1%.

  • The operating result was 2 659 million Swedish kronor (2191). Excluding items affecting comparability, operating income rose 21% to 2 645 SEK (2191). The operating margin was 18.1% (16.3).

  • Earnings per share before dilution amounted to 3.49 SEK (2.74) and earnings per share after dilution amounted to 3.48 SEK (2.74).

  • Cash flows from operations and investments were 3,174m SEK (2,956). The direct operating cash flow was SEK 2,875m (2463).

  • Operating working capital / turnover amounted to 21.1% (28.5).

  • Save the date: Husqvarna Group will organize a Capital Markets Day on December 1, 2021, 8:30 am, at Fotografiska, Stockholm. January – June 2021

  • Net sales increased 11% for 28,644m SEK (25,690). Organic growth was 19%, currency fluctuations impacted by -9% and acquisitions by 1%.

  • The operating result was SEK 4,952m (3,616). Excluding items affecting comparability, operating income rose 37% to SEK 4,938m (3,616). The operating margin was 17.2% (14.1). Over the 12-month rolling period, the operating margin amounted to 12.9% (9.2), excluding items affecting comparability.

  • Earnings per share before dilution amounted to 6.39 SEK (4.47) and earnings per share after dilution amounted to 6.37 SEK (4.47).

  • Cash flows from operations and investments were SEK 4,723m (3371). The direct operating cash flow was SEK 3.018m (2330).

  • The Group’s total CO2 Emissions along the value chain were reduced by 30% from the 2015 baseline and measured on a rolling 12 month basis.

A record quarter

“We achieved a record second quarter with strengthened market positions and strong performance in all divisions and major regions. Customer interest in gardening products increased and the construction market continued to rebound. Organic sales growth was 14% while operating profit increased by 21%. We are very pleased with the significant wins in strategically important segments during the quarter, including robotic lawn mowers and battery-powered products where we recorded organic growth of 27%.

The Husqvarna division achieved organic sales growth of 18%, with strong performance across all product categories and geographies, particularly in portable solutions and robotic lawn mowers. The performance of the Gardena Division in strategic growth markets, particularly in the South and North Europe, was extremely encouraging and compensated for the late start of the watering season by central Europe. Overall, Gardena’s organic sales growth was stable, compared to an exceptional second quarter last year. The Construction Division achieved organic sales growth of 31%, supported by an improvement in the market situation. The integration of the Blastrac acquisition is proceeding as planned.

Our strong growth, a favorable product mix and price increases, combined with good cost control led to an increase in operating profit to 2 645 SEK (2,191), excluding items affecting comparability. The increase was partially offset by higher costs for raw materials and logistics. The operating margin increased to 18.1% (16.3) for the second quarter, excluding items affecting comparability, and stood at 12.9% year-over-year. We continued to improve our working capital and direct operating cash flow increased to reach SEK 3.018m (2,330) during the first semester.

In light of the Covid-19 situation, strong demand combined with supply shortages continue to put pressure on global supply chains, including the availability of components. This limited to some extent the volumes that we were able to produce.

During the quarter, we unfortunately identified a faulty component on a printed circuit board used in a limited batch of robotic lawn mowers. We sincerely apologize for the inconvenience this has caused to our valued customers and resellers. We are fully committed to resolving this issue quickly, and to date the vast majority of customers have had the component in question replaced.

Accelerate the creation of sustainable value

Our performance this quarter reflects the strength of our long-term strategy and our execution continues at a rapid pace as we lead our industry in the transition to a low-carbon, resource-efficient economy. This means significant investments in innovation. With the recently launched Husqvarna CEORA ™ Professional Robotic Lawn Mower, we strive to transform the commercial lawn care market.

The Construction Division has announced a new battery-powered power cutter, the K1 PACE, setting a new standard offering performance comparable to gasoline cutters. These are two examples of revolutionary products and solutions that show our commitment to lead our industry towards more automation and electrification. As a Group, we have now reduced our absolute CO2 emissions along the value chain by 30% compared to the 2015 baseline. We are on track to meet our target of 35% reduction by 2025.

Looking ahead, based on our strong execution of strategy and our value proposition coupled with the fact that many people have developed an increased appreciation for the outdoors, we are well positioned to continue to grow and transform to meet the expectations of our customers.

Henric andersson, President and CEO

Conference call
A conference call, moderated by Henric andersson, President and Chief Executive Officer, and Glen instone, CFO, will be held at 10:00 am CET at July 16, 2021.

To participate, please dial +46 (0) 8 505 583 74 (Sweden) or +44 333 300 9267 (UK) ten minutes before the start of the conference. Conference ID: Husqvarna.

The conference call is also available via https://husqvarna-group.creo.se/210716. A replay will be available later the same day.

Financial reporting dates 2021
October 20 Interim report January-September

Contacts
Glen instone, CFO, Senior Vice President, Finance, IR & Communication
+46 8 738 90 00

Johan andersson, Vice-President, Investor Relations
+46 702 100 451

Husqvarna AB (publ), PO Box 7454, SE-103 92 Stockholm
Regeringsgatan 28, +46 8 738 90 00, www.husqvarnagroup.com

Reg. No: 556000-5331
NASDAQ OMX Stockholm: HUSQ A, HUSQ B

This report contains inside information that Husqvarna AB is required to disclose under EU Market Abuse Regulation and Securities Law. The information was submitted for publication, through the contact person indicated above, at 07:30 CET on July 16, 2021.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/husqvarna-ab/r/interim-report-january—june-2021,c3385881

The following files are available for download:

Cision

Show original content:https://www.prnewswire.com/news-releases/husqvarna-ab-interim-report-january—june-2021-301335419.html

SOURCE Husqvarna AB


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Does Virbac SA (EPA: VIRP) trade at a 22% discount? https://acfa-cashflow.com/does-virbac-sa-epa-virp-trade-at-a-22-discount/ https://acfa-cashflow.com/does-virbac-sa-epa-virp-trade-at-a-22-discount/#respond Thu, 15 Jul 2021 05:41:10 +0000 https://acfa-cashflow.com/does-virbac-sa-epa-virp-trade-at-a-22-discount/

In this article, we will estimate the intrinsic value of Virbac SA (EPA: VIRP) by projecting its future cash flows and then discounting them to the current value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to figure it out, read on! It’s actually a lot less complex than you might imagine.

We draw your attention to the fact that there are many ways to assess a business and, like DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in knowing a little more about intrinsic value should read the Simply Wall St analysis model.

See our latest analysis for Virbac

The method

We use the 2-step growth model, which simply means that we take into account two stages of business growth. In the initial period, the business can have a higher growth rate, and the second stage is usually assumed to have a stable growth rate. To begin with, we need to estimate the next ten years of cash flow. Where possible, we use analyst estimates, but when these are not available, we extrapolate the previous free cash flow (FCF) from the last estimate or stated value. We assume that companies with decreasing free cash flow will slow their rate of contraction, and companies with increasing free cash flow will see their growth rate slow during this period. We do this to reflect the fact that growth tends to slow down more in the early years than in subsequent years.

In general, we assume that a dollar today is worth more than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at an estimate of the present value:

10-year Free Cash Flow (FCF) estimate

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Leverage FCF (€, Millions) € 81.0m 106.1 M € € 116.9m € 127.4m 134.6 M € 140.1 M € € 144.3m 147.4 M € 149.8 M € € 151.7m
Source of growth rate estimate Analyst x5 Analyst x5 Analyst x2 Analyst x2 East @ 5.67% East @ 4.08% Est @ 2.96% Is @ 2.18% East @ 1.64% Is @ 1.25%
Present value (€, Millions) discounted at 4.5% € 77.5 € 97.2 € 102 107 € € 108 107 € € 106 104 € € 101 € 97.5

(“East” = FCF growth rate estimated by Simply Wall St)
10-year present value of cash flows (PVCF) = 1.0 billion euros

The second stage is also known as terminal value, this is the cash flow of the business after the first stage. The Gordon growth formula is used to calculate the terminal value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 0.4%. We discount the terminal cash flows to their present value at a cost of equity of 4.5%.

Terminal value (TV)= FCF2031 × (1 + g) ÷ (r – g) = € 152m × (1 + 0.4%) ÷ (4.5% – 0.4%) = € 3.7bn

Present value of terminal value (PVTV)= TV / (1 + r)ten= € 3.7bn ÷ (1 + 4.5%)ten= € 2.4 billion

The total value, or equity value, is then the sum of the present value of future cash flows, which in this case is 3.4 billion euros. To get the intrinsic value per share, we divide it by the total number of shares outstanding. Compared to the current share price of € 311, the company appears to be slightly undervalued with a discount of 22% compared to the current share price. Remember, however, that this is only a rough estimate, and like any complex formula – trash in, trash out.

ENXTPA: Discounted cash flow VIRP July 15, 2021

The hypotheses

The above calculation is very dependent on two assumptions. One is the discount rate and the other is cash flow. Part of investing is coming up with your own assessment of a company’s future performance, so try the math yourself and check your own assumptions. The DCF also does not take into account the possible cyclicality of an industry or the future capital needs of a company, so it does not give a full picture of a company’s potential performance. Since we consider Virbac as a potential shareholder, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which takes debt into account. In this calculation, we have used 4.5%, which is based on a leverage beta of 0.800. Beta is a measure of the volatility of a stock relative to the market as a whole. We get our average beta from the industry beta of comparable companies globally, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable company.

Next steps:

While a business valuation is important, it shouldn’t be the only metric you look at when researching a business. It is not possible to achieve a rock-solid valuation with a DCF model. Preferably, you would apply different cases and assumptions and see their impact on the valuation of the business. For example, changes in the company’s cost of equity or the risk-free rate can have a significant impact on valuation. What is the reason why the stock price is lower than intrinsic value? For Virbac, we have compiled three fundamental elements to assess:

  1. Risks: Every company has them, and we have spotted 3 warning signs for Virbac (of which 1 is of concern!) that you should know about.
  2. Future benefits: How does VIRP’s growth rate compare to that of its peers and the broader market? Dig deeper into the analyst consensus number for years to come by interacting with our free analyst growth expectations chart.
  3. Other strong companies: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid trading fundamentals to see if there are other companies you might not have considered!

PS. Simply Wall St updates its DCF calculation for every French stock every day, so if you want to find the intrinsic value of another stock just search here.

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This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in the mentioned stocks.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Online Annual Review 2020

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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