What drove the EPS growth for AES? AES Corporation’s (AES) cost of sales dropped 1.0% in 2016 before rising 4.0% in 9M17. As a result, its gross profit fell 15.0% in 2016 before expanding 11.0% in 9M17. AES Corporation’s general and administrative expenses decreased 1.0% in 2016 and rose 15.0% in 9M17. This led to […]
Revenue and earnings In this part, we’ll look at Simon Property Group (SPG). Engaged in real estate investment around the world, this retail REIT saw its revenue growth slow from 8% in 2015 to 3% in 2016. Whereas its minimum rent has risen since 2014, its overage rent, tenant reimbursements, and management fees fell in 2016. Simon […]
Patterson-UTI Energy’s net debt-to-EBITDA Patterson-UTI Energy’s (PTEN) net debt-to-TTM (trailing-12-month) EBITDA (earnings before interest, tax, depreciation, and amortization) trended upward from fiscal 2Q15 through fiscal 2Q16. In 2Q16, Patterson-UTI Energy’s net debt-to-EBITDA was 2.7x, or 208% higher than one year previously. Remember, net debt-to-EBITDA reflects how easily a company can repay its debts from its […]
Energy capex needs to come back for U.S. Steel’s Tubular segment to turn around. For the capex cycle to turn around, energy prices need to stabilize at a much higher level from what they are currently.
The PE ratios of Worthington Industries, Nucor, Alcoa, and Reliance Steel & Aluminum are 28.1x, 19.7x, 23.7x, and 12.9x, respectively, as of December 16.
Based on the gross profit margins and EPS, Herman Miller outperformed its peers. However, the peers outperformed it based on the current ratio and PE and PBV ratios.
Herman Miller has a market cap of $1.67 billion. Its YTD performance is stable. After the 1Q16 earnings report, it rose by 1.24% to close $27.86 per share.
