Valuentum Exclusive Analysis for the Discerning Investor

Symbol Keyword

Sep 9, 2024

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

Sep 4, 2024

Dollar General's Business Model Challenged By Walmart’s Strength
Image: Dollar General’s shares have been under considerable pressure the past couple years. Dollar General cut its outlook for fiscal 2024. Net sales growth is now expected in the range of 4.7%-5.3% compared to its previous expectation of 6%-6.7%. Same store sales growth is now anticipated in the range of 1%-1.6%, compared to previous expectations of 2%-2.7%. Diluted earnings per share are now targeted in the range of $5.50-$6.20, compared to prior expectations of $6.80-$7.55. Shares of Dollar General plummeted on the news, and we see no reason to jump into the name, particularly given the competitive market environment, with Walmart likely gaining share.

Aug 9, 2024

Paper: Value and Momentum Within Stocks, Too
Abstract: This paper strives to advance the field of finance in four ways: 1) it extends the theory of the “The Arithmetic of Active Management” to the investor level; 2) it addresses certain data problems of factor-based methods, namely with respect to value and book-to-market ratios, while introducing price-to-fair-value ratios in a factor-based approach; 3) it may lay the foundation for academic literature regarding the Valuentum, the value-timing, and ultra-momentum factors; and 4) it walks through the potential relative outperformance that may be harvested at the intersection of relevant, unique and compensated factors within individual stocks.

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.

May 30, 2024

In the News: CRM, FL, DG, BBY
Image Source: Mike Mozart. Salesforce issued a weaker-than-expected outlook for its fiscal second quarter 2025, and shares have been punished following the report. Foot Locker's bottom-line guidance for its full year pleased the Street, while Dollar General continues to benefit from increased store traffic. Best Buy's comparable store sales remain under considerable pressure, but the big box retailer is managing expenses well.

May 17, 2024

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

Mar 14, 2024

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

Mar 8, 2024

Costco’s Shares Have Surged Over the Past Year!
Image: Costco’s shares have run past the high end of our fair value estimate range. Shares look pricey at the moment. Shares of market darling Costco have had a mighty run over the past year, advancing more than 65%. The company is a social media favorite and operates at the center of the mindset of consumers, providing both convenience and bulk savings to the shopper. The high end of our fair value estimate range for the big box retailer stands at ~$749, so we can’t say shares, which closed March 7 at ~$786 per share, are a bargain. However, Costco has rewarded patient investors considerably over the past several years and beyond.

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.

Feb 21, 2024

Walmart’s Free Cash Flow Remains Robust, Buys Vizio to Boost Advertising Business
Image: Walmart’s free cash flow generation during fiscal 2024 was superb and comfortably covers its cash dividends paid. Walmart is doing a fantastic job executing on its value proposition, and the company is in a sweet spot with respect to consumer trends given the step change in prices the past few years that is causing consumers to trade down to value offerings. The firm’s comp sales are coming in better than expected, and its free cash flow generation remains well in excess of its cash dividends paid, providing ample support for further dividend hikes. Walmart will execute a 3-for-1 stock split on February 23 and will begin trading on a post-split basis February 26. Though Walmart retains a massive net debt position, perhaps its only drawback from a financial standpoint, the company is a fantastic dividend grower and perhaps one of the best considerations within the retail space these days. Shares yield ~1.4% at the time of this writing.