Undervalued stocks november 2020

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3 Undervalued Stocks for 2020

The current bull market continues to show unprecedented resilience. Already the longest in U.S. history, it is set to turn 11 in March. While there are no major signs currently that a recession is imminent, it would be wise for investors to think about becoming increasingly conservative and cautious when it comes to selecting equities for investment. This could lead to a shift from expensive momentum plays to value and overlooked opportunities. Here are three companies that are currently showing undervalued metrics that look like good buys.

JinkoSolar Holdings

JinkoSolar(NYSE:JKS) is among the world's largest manufacturers of solar modules. The company's products offer renewable energy technology to global utilities, as well as commercial and residential clients. Based out of China, JinkoSolar has roughly 2,000 customers across over 100 countries. In 2018, JinkoSolar delivered a total of 11.4 gigawatts (GW) worth of solar modules.

The solar module manufacturer has seen strong progress in 2019. In late October, JinkoSolar announced that it supplied 13.6 megawatts (MW) worth of modules to Photon Energy Solutions in Hungary. The solar modules are being used for the development of 19 solar power plants.

In September 2019, JinkoSolar announced winning a contract to supply 300 MW of its "ultra-high efficiency Cheetah modules" for a massive solar power plant to be installed in Talavan, Caceres, Spain. The project continues to build credibility for one of the world's largest solar module suppliers.

As the outlook for solar energy continues to look bright, JinkoSolar Holdings looks to be quite undervalued with a price-to-earnings-growth ratio (PEG) of 0.47, a price-to-sales ratio (P/S) of 0.16, and a price-to-book ratio (P/B) of 0.49. 

PEG is calculated by taking a price-to-earnings ratio and dividing it by the company's earnings growth rate over a particular period. A PEG value greater than 1 is considered to be overvalued, while a reading of under 1 suggests an undervalued state. JinkoSolar's current PEG ratio is showing a 53% discount as of this writing.

The P/S ratio is determined by dividing a company's market cap by its total revenue over the past year. With a P/S of only 0.16, JinkoSolar is trading at a steeper discount to its sales than major peers Canadian Solar (P/S ratio of 0.32) and SunPower Corporation (P/S ratio of 0.73). 

The P/B ratio is found by taking the stock price and dividing it by its book value per share. Book value is calculated by subtracting a company's total liabilities by its total assets. JinkoSolar's P/B ratio is trading at a compelling 51% discount. However, when comparing it to Canadian Solar (P/B ratio of 0.81) and Sunpower (negative P/B ratio), its ratio looks even more enticing and undervalued.

These valuation metrics serve as a signal for investors to take a look at the company.

KEMET Corporation

KEMET(NYSE:KEM) is a manufacturer of electrical components, which are key to ensuring that products like computers, consumer electronics, and other related items, operate correctly and efficiently. Part of the industry's growth can be attributed to the development and implementation of advanced technologies like 5G networks and electric vehicles, as well as continued growth in internet use.

Founded in 1919, KEMET maintains a global footprint of 23 manufacturing facilities across 11 countries. During the company's fiscal year ending in March 2019, KEMET supplied 54 billion electrical components.

Over the past four quarters, KEMET has beaten earnings estimates and as a result of its strong earnings performance, analysts are jumping on the bandwagon. Three months ago, KEMET had no analyst rating. Currently, the company has four analyst ratings, all with a "buy."

The company trades at a significant discount to the overall market, which is noted by its price-to-earnings ratio of 6.04, compared to the S&P 500's P/E ratio of around 22.55. KEMET also trades at a 50% discount to its earnings growth and a 10% discount to its sales. This can be seen with its PEG of 0.5 and P/S of 0.9. KEMET also has very impressive profitability ratios: return on equity (ROE) of 35.8%, return on investment (ROI) of 25.7%, and return on assets of 16.4%.  https://finviz.com/quote.ashx?t=KEM&ty=c&p=d&b=1

These figures indicate that KEMET is undervalued and overlooked. The market is apparently not taking into account major growth sources on the horizon: electric vehicles, 5G, renewable energy, Internet of Things, and more. Did you know that the average Tesla vehicle requires around 10,000 electric capacitors? Apple's new iPhone X utilizes 1,000 electric capacitors. This highlights the major demand for electrical components, particularly as new and advanced technologies continue to gain steam.

NETGEAR 

NETGEAR(NASDAQ:NTGR) recently reported third-quarter 2019 earnings results. On the bright side, third-quarter earnings beat estimates, but revenues came in lower than expected. On a year-over-year basis, both earnings and revenues saw declines.

The company reported $265.9 million in net revenue (down 1.3% year-over-year) and GAAP net income per diluted share of $0.39 (down $0.10 year-over-year).

The communication equipment company saw its results dragged down by declines experienced outside of the United States. Luckily, NETGEAR did see net revenue from the Americas region -- which accounts for 67% of total revenue -- increase 1.6% on a year-over-year basis. Lack of performance in Asia and Europe was largely attributed to macroeconomic and geopolitical events, such as the effects of the trade war, Hong Kong protests, and more. In the earnings release, management noted plans to decrease its sales exposure and employment force in China and Europe due to the effects of the trade war.

The company could also see a boost as the United States is positioning to upgrade to the next generation of Wi-Fi connectivity, Wi-Fi 6, in the coming months. With NETGEAR holding 51% market share of United States retail Wi-Fi connectivity products, this could prove to be a strong catalyst for the company.

As NETGEAR looks to position for the launch of Wi-Fi 6 and decrease its exposure to adverse macro environments, value investors may be interested in this technology company, which is currently trading with an undervalued PEG ratio of 0.29 and P/S ratio of 0.94.

When comparing NETGEAR's valuation to two of its most notable competitors, Broadcom and Cisco Systems), NETGEAR is very undervalued. Both competitors have PE potential. Broadcom and Cisco Systems are even more overvalued when comparing their price-to-sales ratios, which are again both greater than 2. NETGEAR's leading market share and undervalued state compared to its key competitors make it an interesting value play for 2020.

Sours: https://www.fool.com/investing/2019/11/04/3-undervalued-stocks-for-2020.aspx

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Top Growth Stocks for October 2021

Growth investing is one of two main fundamental investment strategies,the other being value investing. Investors employing a growth investing strategy will typically place the majority of their portfolio in growth stocks, which are shares of companies with earnings or sales expected to grow at a significantly faster rate than the rest of the market. They generally don’t pay dividends at this stage, since all earnings are usually reinvested back into the business to generate even more earnings or revenue in the future.

The primary way that investors expect to earn profits from growth investing is through capital gains. Classic examples of growth stocks include Facebook Inc. (FB), Amazon.com Inc. (AMZN), and Netflix Inc. (NFLX).

Growth stocks, as represented by the Russell 1000 Growth Index, have slightly underperformed the broader market over the past year. The Growth Index has provided a total return of 39.6% over the past 12 months, just below the Russell 1000 Index’s 40.7% total return, as of Sept. 23, 2021. All statistics in the tables below are also as of Sept. 23, 2021.

Here are the top three stocks with the fastest earnings per share (EPS) growth, the top three stocks with the fastest sales growth, and the top three stocks ranked according to a 50/50 weighting of their combined EPS and sales growth.

Top Growth Stocks by EPS Growth

These are the stocks with the highest year-over-year (YOY) EPS growth for the most recent quarter. Rising earnings show that a company’s business is growing and is generating more money that it can reinvest or return to shareholders. Companies with quarterly EPS of more than 2,500% were excluded as outliers.

Top Growth Stocks by EPS Growth
Price ($)Market Cap ($B)EPS Growth (%)
Freeport-McMoRan Inc. (FCX)31.5646.32,330
Ross Stores Inc. (ROST)114.1940.62,220
Chipotle Mexican Grill Inc. (CMG)1,935.0454.42,180

Source: YCharts

  • Freeport-McMoRan Inc.: Freeport-McMoRan is a leading international mining company with significant reserves of copper, gold, and molybdenum. The company has operations in North and South America and Indonesia. On Sept. 22, Freeport-McMoRan announced a cash dividend of $0.075 per share on shares of common stock. The dividend is payable on Nov. 1 to stockholders of record as of Oct. 15, 2021.
  • Ross Stores Inc.: Ross Stores operates off-price apparel and home accessories stores. The company operates Ross Dress for Less and dd’s DISCOUNTS stories across the United States.
  • Chipotle Mexican Grill Inc.: Chipotle Mexican Grill owns and operates a chain of restaurants serving burritos, bowls, tacos, and salads. The company has locations throughout the United States. On Sept. 21, Chipotle announced the launch of a special, Mexican-inspired smoked brisket for a limited time at locations throughout the U.S. and Canada. Chipotle said that smoked brisket is consistently among the top requested menu items.

Top Growth Stocks by Sales Growth

These are the stocks with the highest YOY sales growth for the most recent quarter. Rising sales can help investors identify companies that are able to grow revenue through organic or new ways, as well as find growing companies that have not yet reached profitability. In addition, EPS can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability. Companies with quarterly revenue growth of more than 2,500% were excluded as outliers.

Top Growth Stocks by Sales Growth
Price ($)Market Cap ($B)Revenue Growth (%)
ConocoPhillips (COP)62.2683.4247.6
Builders FirstSource Inc. (BLDR)53.9611.2186.6
Valero Energy Corp. (VLO)65.3226.7166.9

Source: YCharts

  • ConocoPhillips: ConocoPhillips focuses on oil and natural gas exploration and production, with operations across 15 countries. It produces crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas. ConocoPhillips reported on Sept. 20 that it would acquire for $9.5 billion in cash from Shell Enterprises LLC a Permian Basin position. The purchase includes roughly 225,000 net acres and more than 600 miles of crude, gas and water pipelines and infrastructure.
  • Builders FirstSource Inc.: Builders FirstSource makes and distributes building products and provides integrated services to professional homebuilders. It’s one of the largest suppliers in the building industry. Builders FirstSource announced the completion of two acquisitions in early September: California TrusFrame LLC, a designer and builder of prefabricated structural building components; and the Apollo software platform, which performs construction budgeting, scheduling, and field task assignments. Builders FirstSource acquired California TrusFrame for $179.5 million in cash, and Apollo for $4.5 million.
  • Valero Energy Corp: Valero Energy is a refiner and marketer of transportation fuels and petrochemical products, including gasolines, distillates, lubricants, and jet fuel. Its operations include 15 petroleum refineries with a total throughput capacity of about 3.2 million barrels per day and 14 ethanol plants with a combined production capacity of 1.73 billion gallons per year.

Top Growth Stocks by EPS and Revenue

These are the top growth stocks in the Russell 1000 Index as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly YOY percentage revenue growth and most recent quarterly YOY EPS growth. Both sales and earnings are critical factors in the success of a company. Moreover, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of more than 2,500% were excluded as outliers.

Top Growth Stocks by EPS and Revenue
Price ($)Market Cap ($B)Revenue Growth (%)EPS Growth (%)
Freeport-McMoRan Inc. (FCX)31.5646.388.22,330
Ross Stores Inc. (ROST)114.1940.679.02,220
Louisiana-Pacific Corp. (LPX)59.975.7141.81,590

Source: YCharts

  • Freeport-McMoRan Inc.: See above for company description.
  • Ross Stores Inc.: See above for company description.
  • Louisiana-Pacific Corp.: Louisiana-Pacific Corp. makes building materials and engineered wood products used in home construction. Its primary market is in North America but it also has capacity in Chile and Brazil. The company's products include oriented strand board sheathing, siding and trim, i-joists, laminated veneer lumber, and similar products.

The comments, opinions, and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or adopt any investment strategy. While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described in our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

Sours: https://www.investopedia.com/investing/best-growth-stocks/
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