ValuentumAd

Official PayPal Seal













Fundamental data is updated weekly, as of the prior weekend. Please download the Full Report and Dividend Report for any changes.
Aug 28, 2024
The Difference Between Speculation and Investment
In this edited video transcript, Brian Nelson, President of Investment Research at Valuentum, discusses the difference between speculation and investment.
Aug 28, 2024
Foot Locker Burns Through Cash During First Half of Full Year 2024
Image: Foot Locker’s shares have been quite volatile the past couple years. Foot Locker reaffirmed its full-year 2024 non-GAAP earnings per share outlook of $1.50-$1.70 per share. For full year 2024, it also reiterated its sales guidance of -1% to 1% growth and comparable sales growth in the range of 1%-3%. For the twenty-six weeks ended August 3, 2024, cash flow from operations was $126 million, while capital spending was $132 million, resulting in a cash burn. Though Foot Locker has returned to top line growth, we’re not at all interested in shares given its cash-flow performance.
Aug 27, 2024
Ralph Lauren’s Dividend Is Quite Healthy
Image: Ralph Lauren’s shares have done quite well since the beginning of 2022. For fiscal 2025, Ralph Lauren expects revenues to increase in the low-single digits on a constant currency basis, while it continues to expect its operating margin to increase 100-120 basis points in constant currency thanks to gross margin improvement and operating expense leverage. All told, we liked Ralph Lauren’s fiscal first quarter results and we’re particularly fans of its ability to drive strong free cash flow in excess of cash dividends paid. Our fair value estimate stands at $184 per share with the firm sporting a lofty Dividend Cushion ratio of 4.4.
Aug 27, 2024
Toll Brothers Expects Demand to Remain Solid Into 2025
Image: Toll Brothers stock has done quite well during the past couple years. For its fiscal year 2024 guidance, Toll Brothers expects deliveries of 10,650-10,750 units (was 10,400-10,800) with an average delivered price per home of $975,000. Its adjusted home sales gross margin is targeted at 28.3% for fiscal 2024 (was 28%), while SG&A as a percentage of home sales revenue is expected at 9.4% for the year. Toll Brothers ended its fiscal third quarter with $893.4 million of cash and cash equivalents and $2.8 billion in total debt. Its net debt-to-capital ratio stood at 19.6% at the end of the fiscal third quarter. Though Toll Brothers’ backlog faced declines in its fiscal third quarter, we liked the increased guidance across its key homebuilding metrics.
Aug 26, 2024
Berkshire Hathaway’s Cash Balance Swells, Ownership Stake in Apple Substantially Reduced
Image: Berkshire Hathaway reduced its equity stake in Apple by a sizable margin. Berkshire Hathaway continues to execute well across its business portfolio, free cash flow continues to move in the right direction, while Buffett remains prudent with his portfolio management decisions. Shareholders’ equity at the end of June was $608 billion, implying that shares are trading at a 1.6x book value, not cheap. Still, we like shares as a key holding in the Best Ideas Newsletter portfolio.
Aug 26, 2024
Chevron Lacks Dividend Coverage with Traditional Free Cash Flow
Image: Chevron’s shares have been choppy during the past few years. During the second quarter, Chevron returned $6 billion in cash to shareholders, including $3 billion for each of dividends and share repurchases, and more than $50 billion during the past two years. The second quarter marked the ninth straight quarter of over $5 billion cash returned to shareholders. Chevron ended June with $4 billion in cash and cash equivalents and total debt of $23.2 billion. Through the first six months of the year, traditional free cash flow, as measured by cash flow from operations less all capex, was $5 billion, shy of the $6 billion it paid as dividends over the same time period. We prefer ExxonMobil, which has much better dividend coverage than Chevron.
Aug 25, 2024
Latest Report Updates
Check out the latest report updates on the site.
Aug 23, 2024
Dividend Increases/Decreases for the Week of August 23
Let's take a look at firms raising/lowering their dividends this week.
Aug 22, 2024
Main Street’s Dividend Track Record Is a Sight to See
Image: Main Street has never lowered its monthly dividend, and it has paid supplemental dividends to bolster its yield. Image Source: Main Street. Main Street has never decreased its monthly dividend rate, with monthly dividends up more than 120% from $0.33 per share in the fourth quarter of 2007 to its declared dividends of $0.735 per share in the fourth quarter of this year. On a regular monthly dividend basis, shares of MAIN yield ~5.9%, but its supplemental dividends help to pad that annual rate. The company’s investment-grade credit ratings offer it the ability to take advantage of opportunities in the market, and we think shares are worth a look for the income investor.
Aug 22, 2024
ExxonMobil’s Free Cash Flow Remains Impressive
Image: ExxonMobil’s shares have done quite well since the beginning of 2022. We like the cash-flow profile of ExxonMobil, and its purchase of Pioneer offers the company continued integration and synergy benefits. Exxon’s record production in Guyana and Permian was welcome news, with total Upstream net production advancing 15% in the second quarter from the first quarter of the year. The company has achieved $10.7 billion in cumulative structural cost savings since 2019, and management noted that it is on track to deliver cumulative savings totaling $5 billion through the end of 2027 versus 2023. Our fair value estimate of ExxonMobil stands unchanged at $114 per share.


The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports, articles and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. The sources of the data used on this website are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor and does not offer brokerage or investment banking services. Valuentum, its employees, and affiliates may have long, short or derivative positions in the stock or stocks mentioned on this site.