Valuentum Exclusive Analysis for the Discerning Investor

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Mar 7, 2025

Dividend Increases/Decreases for the Week of March 7
Let's take a look at firms raising/lowering their dividends this week.

Feb 21, 2025

Booking Holdings' Revenue Accelerates in Fourth Quarter
Image Source: Booking Holdings. Booking Holdings is doing a great job returning cash to shareholders. The company declared a quarterly cash dividend of $9.60 per share, a 10% increase from its quarterly cash dividend of $8.75 per share in 2024. The company repurchased $1.1 billion of stock during the fourth quarter of 2024, and the firm has remaining buyback authorization of $7.7 billion. For the full year 2024, free cash flow was $7.9 billion, roughly 33.3% of sales. Cash and long-term investments were $16.7 billion at the end of the year, about in line with short- and long-term debt of $16.6 billion. We liked Booking Holdings’ accelerated performance in the fourth quarter of 2024 and remain huge fans of its free cash flow generating prowess.

Jan 11, 2025

Delta Delivers Most Profitable December Quarter in Its History
Image Source: Colin Brown. We liked Delta’s fourth quarter results and outlook for 2025, but we’re not interested in adding any airline to the newsletter portfolios. Airline economics are notoriously difficult to forecast, and their operating results are heavily levered to volatile jet fuel prices. Swings in the economic environment can also have a large impact on performance given the operating leverage inherent to their business models. Delta is currently riding an upswing in demand, but we remain cautious on shares given the volatility innate to an airline’s business model. We remain on the sidelines.

Dec 27, 2024

Alert: Changes to the Newsletter Portfolios
Image Source: Mike Cohen cc by 2.0. We are making some changes to the newsletter portfolios. We continue to believe that large cap growth and big cap tech is the place to be, and we’ll be further tilting the portfolios in that direction.

Oct 31, 2024

Booking Holdings Experiencing Strong Performance in Europe
Image: Booking Holdings’ shares soar to all-time highs. Booking’s free cash flow of $7.25 billion through the first nine months of the year is nearly 40% of revenue, showcasing its cash-rich business model. The company declared a cash dividend of $8.75 per share to stockholders of record as of the close of business December 6. The high end of our fair value estimate range for Booking Holdings stands north of $5,000. We continue to like shares as an idea in the Best Ideas Newsletter portfolio. Shares yield 0.75% at the time of this writing.

Sep 19, 2024

Brain Teaser - Reflexive versus Reflective
Image: Amy Leonard. Valuation multiples tend to trigger the reflexive side of our brain, and we process the multiples through anchoring. On the other hand, enterprise valuation, or the process required to answer the questions (in this article) correctly, shows that our reflexive process can be quite incorrect at times. In fact, cognitive biases such as anchoring can completely trip us up into missing out on truly undervalued companies that may have high P/E ratios while baiting us into value traps with low P/E ratios.

Jun 25, 2024

Latest Report Updates
Check out the latest report updates on the website.

Jun 10, 2024

Update: Frequently Asked Questions About Valuentum Securities, Inc.
Valuentum (val∙u∙n∙tum) [val-yoo-en-tuh-m] Securities Inc. is an independent investment research publisher, offering premium equity reports and dividend reports, as well as commentary across all sectors/companies, a Best Ideas Newsletter (spanning market caps, asset classes), a Dividend Growth Newsletter, modeling tools/products, and more. Independence and integrity remain our core, and we strive to be a champion of the investor. Valuentum is based in the Chicagoland area. Valuentum is not a money manager, broker, or financial advisor. Valuentum is a publisher of financial information. We address a number of questions from both subscribers and visitors to our site.

Mar 29, 2024

Latest Report Updates
Check out the latest report updates on the website.

Feb 25, 2024

We Remain Bullish; Is This 1995 – The Beginning of a Huge Stock Market Run?
Image: Large cap growth stocks have trounced the performance of the S&P 500, REITs, and bonds since the beginning of 2023. We expect continued outperformance in this area of the market. We’re now roughly four years past the depths of the COVID-19 meltdown, where equities collapsed in February and March of 2020. As the markets began to recover through 2020, our long-term conviction in equities only grew stronger. We think the biggest risk for long-term investors remains staying out of the market on the basis of what could be considered stretched valuation multiples. As we outlined heavily in the book Value Trap, valuation multiples hardly tell the complete story about a company and often omit key long-term earnings growth, cash flow dynamics, and balance sheet health considerations. We remain bullish on equities for the long haul, and we think the next couple years will be incredibly strong. Our best ideas can be found in the Best Ideas Newsletter portfolio, Dividend Growth Newsletter portfolio, High Yield Dividend Newsletter portfolio, ESG Newsletter portfolio, and via the Exclusive publication as well as options idea generation.