Broadridge Financial Stock Analysis – Solid Steady Growth Continues

Summary

  • This Broadridge Financial stock analysis is based on Q3 2017 and 9 month YTD results and forecast for the remainder of the current fiscal year.
  • Broadridge Financial continues to grow its business and the NACC acquisition made in mid 2016 is already making significant contributions.
  • Adjusted net earnings increased 11% to $0.174B of the current FY compared to $0.156B for the prior year period (9 months).
  • Diluted EPS increased 2% to $1.15 compared to $1.13 for the prior year period (9 months).
  • Adjusted EPS increased 12% to $1.43 from $1.28 for the prior year period (9 months).
  • Trends in Capital Markets, Wealth Management, Asset Management, and Corporate Issuers present significant long-term growth opportunities for BR.

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TELUS Corporation Stock Analysis – A Worthwhile Long-Term Investment for Conservative Investors

Summary

  • This TELUS Corporation stock analysis is based on Q1 2017 financial results and 2017 projections released May 11, 2017.
  • TELUS reported industry-leading consolidated revenue and EBITDA growth of 2.9% and 6.4% respectively.
  • Updated industry-leading 2017 targets reflect higher revenue and EBITDA of up to 4% and 7% respectively.
  • The quarterly dividend, payable July 4, 2017, has been increased from $0.48 to $0.4925.
  • TELUS represents a worthwhile long-term investment for conservative investors.

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Intact Financial Stock Analysis – Great Growth Potential in the US Specialty Insurance Market with OneBeacon Acquisition

All dollar values in this article are in Canadian Dollars (CDN) unless otherwise noted.

Summary

  • This Intact Financial stock analysis is based on Q1 2017 results and OneBeacon proposed acquisition details which were both released May 2, 2017.
  • Intact has an estimated 17% of Canada’s property and casualty insurance market.
  • Management previously communicated the expansion beyond existing markets as one of its 4 avenues of growth.
  • On May 2, 2017, Intact released Q1 2017 results and announced the acquisition of OneBeacon, a US Specialty insurer. The acquisition is expected to close in Q4 2017.
  • Intact appears overvalued but this is because earnings were temporarily depressed. I view Intact as fairly valued.

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UPS Stock Analysis – Fairly Valued

Summary

  • This UPS stock analysis is based on Q1 2017 results and forecast for the remainder of FY2017 which were released April 27, 2017.
  • UPS has provided 2017 non-GAAP adjusted diluted EPS guidance of $5.80 – $6.10 with mean estimates from 26 brokers being $5.95 for FY2017.
  • Amazon’s decision to reduce its reliance on traditional logistics companies is a risk UPS is addressing.
  • UPS’s shares are at the upper end of my “buy zone”. I am buying with the view of holding shares long-term.

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TELUS Corporation Stock Analysis – A Solid Long-Term Investment at Current Levels

Summary

  • This TELUS Corporation stock analysis is based on Q4 and FY 2016 financial results and 2017 projections released February 9, 2017.
  • TELUS is Canada’s 3rd largest telecommunications company.
  • It has outperformed its peers and the TSX from an overall return perspective over the past several years.
  • It is currently investing heavily for sustainable L/T growth which has had negatively impacted debt levels and FCF. Management expects both to improve over the next few years.
  • Management is projecting 5% EBITDA growth for FY2017 and 7 – 10% dividend growth over the next 3 – 4 years.
  • While not on sale, TELUS represents a solid long-term investment at current levels with a dividend yield in excess of 4%.

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Nike, Inc. Stock Analysis – I See a Lot To Like Despite Margin Compression

Summary

  • This Nike, Inc. stock analysis is based on Q3 2017 financial results released March 21, 2017.
  • Nike reported strong Q3 2017 results although some investors have expressed concern about the deterioration in gross profit margin.
  • Changing consumer shopping habits is posing a huge challenge but this problem is not unique to NKE. NKE has far greater resources than its competitors to deploy toward addressing these challenges.
  • NKE’s Balance Sheet is like a fortress. It has sufficient Cash and Equivalents and Short -Term Investments to completely wipe out its Short-Term Liabilities.
  • NKE is currently valued fairly and does not present a bargain.

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BCE Inc. Stock Analysis – An Attractive Long-Term Investment

Summary

  • This BCE Inc. stock analysis is based on Q4 and FY2016 financial results and outlook for FY2017.
  • BCE Inc. is Canada’s largest telecommunications company. It has expanded its position through the very recent acquisition of Manitoba Telecom Services Inc..
  • BCE reported solid results for FY2016 and FCF and EPS projections for FY2017 are such that BCE’s Board authorized a 5.1% increase in the annual dividend to $2.87/year.
  • While not priced at “fire sale” levels, BCE would be a worthwhile addition to an investor’s portfolio if a safe dividend income stream is a desired outcome from an investment.

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