Valuecruncher - Seeking Alpha 'Valuecruncher' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/valuecruncher Amazon Looks Expensive At All-Time High http://seekingalpha.com/article/176072-amazon-looks-expensive-at-all-time-high?source=feed 176072 On-line retailer Amazon.com (AMZN) closed Monday at an all time high of US$135.91. $AMZN is up 218% in the last 12 months - better than Apple (AAPL) at 122%, Google (GOOG) at 88% or the broad NASDAQ at 41% [visual]. It's time to have a look at a superstar performance.

See Valuecruncher's Interactive Analysts Report For Amazon ($AMZN).

]]> Wed, 02 Dec 2009 03:58:00 -0500 Valuecruncher On-line retailer Amazon.com (AMZN) closed Monday at an all time high of US$135.91. $AMZN is up 218% in the last 12 months - better than Apple (AAPL) at 122%, Google (GOOG) at 88% or the broad NASDAQ at 41% [visual]. It's time to have a look at a superstar performance.

See Valuecruncher's Interactive Analysts Report For Amazon ($AMZN).


Complete Story »]]> AMZN WMT GOOG YHOO EBAY BKS NFLX OSTK Valuecruncher Running the Numbers: The Roller Coaster That Is Apple http://seekingalpha.com/article/165483-running-the-numbers-the-roller-coaster-that-is-apple?source=feed 165483 It has been a crazy 15 months for the Apple (AAPL) share price. On the 22 August 2008 AAPL was trading at $176.79. By 16 January 2009 AAPL had dropped to $82.33 - down over half (53% down) in under five months. Today AAPL closed at $190.01 - up over 130% in under nine months. The graph below shows the closing prices over the period. So what do we think about AAPL?

Valuecruncher Interactive Analysts Report For Apple (AAPL)

]]> Thu, 08 Oct 2009 06:51:10 -0400 Valuecruncher It has been a crazy 15 months for the Apple (AAPL) share price. On the 22 August 2008 AAPL was trading at $176.79. By 16 January 2009 AAPL had dropped to $82.33 - down over half (53% down) in under five months. Today AAPL closed at $190.01 - up over 130% in under nine months. The graph below shows the closing prices over the period. So what do we think about AAPL?

Valuecruncher Interactive Analysts Report For Apple (AAPL)


Complete Story »]]> AAPL IBM MSFT GOOG RIMM PALM QCOM Valuecruncher The Future of Online Finance: From Brokers to Blogs to Yahoo http://seekingalpha.com/article/160812-the-future-of-online-finance-from-brokers-to-blogs-to-yahoo?source=feed 160812 We have been participants and observers of the online finance space for a period of time now. As part of that we regularly examine our view of the competitive landscape. We have decided to share some of our views on where the very broad industry may be headed. This isn’t company specific – very much the high-level perspective.

Where We Are Today

new-picture

]]> Thu, 10 Sep 2009 07:41:41 -0400 Valuecruncher We have been participants and observers of the online finance space for a period of time now. As part of that we regularly examine our view of the competitive landscape. We have decided to share some of our views on where the very broad industry may be headed. This isn’t company specific – very much the high-level perspective.

Where We Are Today

new-picture


Complete Story »]]> GOOG YHOO MSFT TWX SCHW ETFC AMTD Valuecruncher Starbucks Looks Too Frothy http://seekingalpha.com/article/158595-starbucks-looks-too-frothy?source=feed 158595 Starbucks (SBUX) is in an interesting position. You would expect premium coffee purchases to be down in the current economic climate. The company has also just raised prices on some beverages. Yet SBUX is currently trading toward the top of their 52-week range at US$19.35. Time for a look.

Valuecruncher Interactive Analysts Report For Starbucks

]]> Thu, 27 Aug 2009 07:31:36 -0400 Valuecruncher Starbucks (SBUX) is in an interesting position. You would expect premium coffee purchases to be down in the current economic climate. The company has also just raised prices on some beverages. Yet SBUX is currently trading toward the top of their 52-week range at US$19.35. Time for a look.

Valuecruncher Interactive Analysts Report For Starbucks


Complete Story »]]> SBUX THI MCD Valuecruncher Running the Numbers - Coca-Cola vs. Pepsi http://seekingalpha.com/article/155647-running-the-numbers-coca-cola-vs-pepsi?source=feed 155647 Coca-Cola (KO) is an interesting company to look at from a business-cycle and valuation perspective. KO is currently trading toward the top of its 52-week range at US$49.04.

Valuecruncher Interactive Analysts Report For Coca-Cola ($KO)

]]> Wed, 12 Aug 2009 07:54:27 -0400 Valuecruncher Coca-Cola (KO) is an interesting company to look at from a business-cycle and valuation perspective. KO is currently trading toward the top of its 52-week range at US$49.04.

Valuecruncher Interactive Analysts Report For Coca-Cola ($KO)


Complete Story »]]> KO PEP Valuecruncher Apple Looks Correctly Valued; Cheaper Peer Options Available http://seekingalpha.com/article/152036-apple-looks-correctly-valued-cheaper-peer-options-available?source=feed 152036 After our recent post on Microsoft (MSFT), people asked for a quick take on Apple (AAPL). Here it is.

We have the comparator group set as Microsoft ($MSFT), IBM ($IBM), Google ($GOOG) and Hewlett-Packard($HPQ). You can change these peer companies on the site. For example you could add:

]]> Wed, 29 Jul 2009 04:45:52 -0400 Valuecruncher After our recent post on Microsoft (MSFT), people asked for a quick take on Apple (AAPL). Here it is.

We have the comparator group set as Microsoft ($MSFT), IBM ($IBM), Google ($GOOG) and Hewlett-Packard($HPQ). You can change these peer companies on the site. For example you could add:


Complete Story »]]> AAPL MSFT IBM GOOG HPQ RIMM PALM QCOM Valuecruncher Why Microsoft Is a Buy http://seekingalpha.com/article/150383-why-microsoft-is-a-buy?source=feed 150383 One of the things that we frequently observe in discussions about stocks is a focus on the qualitative story - “I like my iPhone, buy Apple (AAPL)”.

Now the story behind a stock is important. That Apple (or any other company) makes great products that people want to buy is very relevant to the value of the company.

]]> Wed, 22 Jul 2009 06:17:56 -0400 Valuecruncher One of the things that we frequently observe in discussions about stocks is a focus on the qualitative story - “I like my iPhone, buy Apple (AAPL)”.

Now the story behind a stock is important. That Apple (or any other company) makes great products that people want to buy is very relevant to the value of the company.


Complete Story »]]> MSFT AAPL GOOG IBM HPQ Valuecruncher Great Quarterly Results at IBM http://seekingalpha.com/article/149417-great-quarterly-results-at-ibm?source=feed 149417 A great quarterly result from IBM (IBM). We decided to have a look at the latest numbers for IBM and look at some comparator analysis.

Valuecruncher Interactive Analyst Report For IBM

]]> Fri, 17 Jul 2009 04:35:42 -0400 Valuecruncher A great quarterly result from IBM (IBM). We decided to have a look at the latest numbers for IBM and look at some comparator analysis.

Valuecruncher Interactive Analyst Report For IBM


Complete Story »]]> IBM MSFT ORCL HPQ ACN Valuecruncher Valuing Apple by the Numbers http://seekingalpha.com/article/143441-valuing-apple-by-the-numbers?source=feed 143441 At Valuecruncher we have not looked at Apple (AAPL) since late last year. $AAPL is now trading at US$136.09. We felt it was time to revisit the valuation of $AAPL from an intrinsic value perspective - and most importantly the assumptions that we are using in our valuation.

Valuecruncher produces a valuation of US$140.57 for $AAPL. This is a current valuation (an estimate of intrinsic value using a discounted cash flow model) not a target price. This valuation is 3.3% above the current share price of US$136.09. $AAPL appears reasonably valued at the moment.

]]> Tue, 16 Jun 2009 06:18:30 -0400 Valuecruncher At Valuecruncher we have not looked at Apple (AAPL) since late last year. $AAPL is now trading at US$136.09. We felt it was time to revisit the valuation of $AAPL from an intrinsic value perspective - and most importantly the assumptions that we are using in our valuation.

Valuecruncher produces a valuation of US$140.57 for $AAPL. This is a current valuation (an estimate of intrinsic value using a discounted cash flow model) not a target price. This valuation is 3.3% above the current share price of US$136.09. $AAPL appears reasonably valued at the moment.


Complete Story »]]> AAPL Valuecruncher Interesting Times for Cisco; Shares Cheap Below $20 http://seekingalpha.com/article/128682-interesting-times-for-cisco-shares-cheap-below-20?source=feed 128682 Cisco Systems (CSCO) has traditionally been a designer, manufacturer and seller of network and communications technology and services. Two weeks ago the company announced a significant shift in strategy by beginning to compete with Hewlett-Packard (HPQ) in the broader server market. A week earlier CSCO had announced a deeper move into the consumer electronics business with the acquisition of Pure Digital. Very interesting times for CSCO. We decided to have a look at some numbers for CSCO to estimate an intrinsic valuation for the shares. (See Valuecruncher Interactive Analyst Report For CSCO).

Valuecruncher produces a valuation of US$20.39 for CSCO. This is a current valuation (an estimate of intrinsic value using a discounted cash flow model) not a target price. This valuation is 20.3% above the current share price of US$16.95.

]]> Tue, 31 Mar 2009 07:32:36 -0400 Valuecruncher Cisco Systems (CSCO) has traditionally been a designer, manufacturer and seller of network and communications technology and services. Two weeks ago the company announced a significant shift in strategy by beginning to compete with Hewlett-Packard (HPQ) in the broader server market. A week earlier CSCO had announced a deeper move into the consumer electronics business with the acquisition of Pure Digital. Very interesting times for CSCO. We decided to have a look at some numbers for CSCO to estimate an intrinsic valuation for the shares. (See Valuecruncher Interactive Analyst Report For CSCO).

Valuecruncher produces a valuation of US$20.39 for CSCO. This is a current valuation (an estimate of intrinsic value using a discounted cash flow model) not a target price. This valuation is 20.3% above the current share price of US$16.95.


Complete Story »]]> CSCO Valuecruncher Recrunching Google's Numbers - Cheap Below $370 http://seekingalpha.com/article/127248-recrunching-google-s-numbers-cheap-below-370?source=feed 127248 We last looked at Google (GOOG) in mid-December. We decided to run some numbers and have a look at the intrinsic value of the company. GOOG is currently trading at US$330.16 - how does this compare with an estimate of the underlying value of the shares?

Valuecruncher Interactive Analyst Report For GOOG - New Format

]]> Sun, 22 Mar 2009 09:34:00 -0400 Valuecruncher We last looked at Google (GOOG) in mid-December. We decided to run some numbers and have a look at the intrinsic value of the company. GOOG is currently trading at US$330.16 - how does this compare with an estimate of the underlying value of the shares?

Valuecruncher Interactive Analyst Report For GOOG - New Format


Complete Story »]]> GOOG Valuecruncher Raytheon: Undervalued Below $45/Share http://seekingalpha.com/article/125328-raytheon-undervalued-below-45-share?source=feed 125328 Aerospace and defence contractor Raytheon (RTN) has seen it’s share price drop from a 52-week high of US$67.37 to close to a 52-week low at US$34.61. At Valuecruncher we decided to have a look at the company’s financial and put together an estimate of intrinsic value. (See the Valuecruncher Interactive Analyst Report For $RTN (New Format).)

Valuecruncher produces a valuation of US$45.87 for $RTN. This is a current valuation (an estimate of intrinsic value using a discounted cash flow model) not a target price. This valuation is 32.5% above the current share price of US$34.61. $RTN is currently well below our estimate of intrinsic value.

]]> Wed, 11 Mar 2009 06:22:52 -0400 Valuecruncher Aerospace and defence contractor Raytheon (RTN) has seen it’s share price drop from a 52-week high of US$67.37 to close to a 52-week low at US$34.61. At Valuecruncher we decided to have a look at the company’s financial and put together an estimate of intrinsic value. (See the Valuecruncher Interactive Analyst Report For $RTN (New Format).)

Valuecruncher produces a valuation of US$45.87 for $RTN. This is a current valuation (an estimate of intrinsic value using a discounted cash flow model) not a target price. This valuation is 32.5% above the current share price of US$34.61. $RTN is currently well below our estimate of intrinsic value.


Complete Story »]]> RTN Valuecruncher Johnson & Johnson: Undervalued Below $55 http://seekingalpha.com/article/124880-johnson-johnson-undervalued-below-55?source=feed 124880 The news (via a 13F release) that Warren Buffett’s Berkshire Hathaway (BRK.A) had significantly reduced its holding in Johnson & Johnson (JNJ) has added to the existing pressure on the $JNJ share price. $JNJ has dropped 33.6% in the last six months. At Valuecruncher we decided to have a look at the intrinsic value of $JNJ.

Valuecruncher Interactive Analyst Report For $JNJ (New Format)

]]> Mon, 09 Mar 2009 07:48:02 -0400 Valuecruncher The news (via a 13F release) that Warren Buffett’s Berkshire Hathaway (BRK.A) had significantly reduced its holding in Johnson & Johnson (JNJ) has added to the existing pressure on the $JNJ share price. $JNJ has dropped 33.6% in the last six months. At Valuecruncher we decided to have a look at the intrinsic value of $JNJ.

Valuecruncher Interactive Analyst Report For $JNJ (New Format)


Complete Story »]]> BRK.A JNJ BRK.B Valuecruncher IBM Is Still Undervalued After Strong Result http://seekingalpha.com/article/116430-ibm-is-still-undervalued-after-strong-result?source=feed 116430

“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” — Benjamin Graham, The Intelligent Investor

That is the best analysis we can find about the current market. We believe there is an intrinsic value for shares and our analysis attempts to calculate this. But in the short-term market sentiment is a key factor and at the moment the votes are primarily negative.

]]> Mon, 26 Jan 2009 06:05:59 -0500 Valuecruncher

“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” — Benjamin Graham, The Intelligent Investor

That is the best analysis we can find about the current market. We believe there is an intrinsic value for shares and our analysis attempts to calculate this. But in the short-term market sentiment is a key factor and at the moment the votes are primarily negative.


Complete Story »]]> IBM Valuecruncher Microsoft Represents Value Below $20 a Share http://seekingalpha.com/article/112611-microsoft-represents-value-below-20-a-share?source=feed 112611 Microsoft (MSFT) continues to trade under US$20 a share. We have previously looked at $MSFT and felt it was undervalued in the US$20-25 range. We decided it was time to revisit our valuation.

Valuecruncher valuation model of $MSFT with interactive assumptions

]]> Tue, 30 Dec 2008 07:08:59 -0500 Valuecruncher Microsoft (MSFT) continues to trade under US$20 a share. We have previously looked at $MSFT and felt it was undervalued in the US$20-25 range. We decided it was time to revisit our valuation.

Valuecruncher valuation model of $MSFT with interactive assumptions


Complete Story »]]> MSFT Valuecruncher Google: When Top-Down Analysis Goes Wrong http://seekingalpha.com/article/110721-google-when-top-down-analysis-goes-wrong?source=feed 110721 Last week a Global Equities Research analyst Trip Chowdhry put out a research note laying out his argument for Google (GOOG) posting negative revenue growth in the current 2008 year.

Chowdhry’s analysis (and we have not seen the original full research note) has GOOG posting revenues of US$15.71 billion in 2008 (5% below actual 2007 revenues of US$16.94 billion), US$15.23 billion in 2009 (3% below his 2008 projection) and US$14.57 billion in 2010 (4% below his 2009 projection). This analysis was picked up by a range of commentators that we really respect. These included analysts like Barron’s Eric Savitz, Silicon Alley Insider and Ashkan Karbasfrooshan. The only problem is that the analysis is deeply flawed.

]]> Mon, 15 Dec 2008 06:53:39 -0500 Valuecruncher Last week a Global Equities Research analyst Trip Chowdhry put out a research note laying out his argument for Google (GOOG) posting negative revenue growth in the current 2008 year.

Chowdhry’s analysis (and we have not seen the original full research note) has GOOG posting revenues of US$15.71 billion in 2008 (5% below actual 2007 revenues of US$16.94 billion), US$15.23 billion in 2009 (3% below his 2008 projection) and US$14.57 billion in 2010 (4% below his 2009 projection). This analysis was picked up by a range of commentators that we really respect. These included analysts like Barron’s Eric Savitz, Silicon Alley Insider and Ashkan Karbasfrooshan. The only problem is that the analysis is deeply flawed.


Complete Story »]]> GOOG Valuecruncher Apple: Trading on the Cheap http://seekingalpha.com/article/109860-apple-trading-on-the-cheap?source=feed 109860 At Valuecruncher we have looked at Apple (AAPL) twice over the last six-months. In June, with the $AAPL share price at US$186.10, we produced a valuation of US$146.70. Then in September with the $AAPL share price at US$131.05 we had a valuation of US$163.98.

We are now in early-December and $AAPL has continued to head south - with the market generally. $AAPL is now trading at US$94.00 - just over half the price we first looked at in June. We felt it was time to revisit the valuation of $AAPL from an intrinsic value perspective - and most importantly the assumptions that we are using. We have also completed some high-level comparator analysis looking at the current price of $AAPL against some broad peers using a range of metrics.

]]> Tue, 09 Dec 2008 07:25:51 -0500 Valuecruncher At Valuecruncher we have looked at Apple (AAPL) twice over the last six-months. In June, with the $AAPL share price at US$186.10, we produced a valuation of US$146.70. Then in September with the $AAPL share price at US$131.05 we had a valuation of US$163.98.

We are now in early-December and $AAPL has continued to head south - with the market generally. $AAPL is now trading at US$94.00 - just over half the price we first looked at in June. We felt it was time to revisit the valuation of $AAPL from an intrinsic value perspective - and most importantly the assumptions that we are using. We have also completed some high-level comparator analysis looking at the current price of $AAPL against some broad peers using a range of metrics.


Complete Story »]]> AAPL EBAY YHOO MSFT Valuecruncher Viacom Impacted by Redstone Family Debt Negotiations http://seekingalpha.com/article/107811-viacom-impacted-by-redstone-family-debt-negotiations?source=feed 107811 Sumner Redstone is the majority owner of Viacom (VIA). Last month Redstone sold US$233 million of VIA shares. VIA appears to be well and truly caught in the current negotiations between Redstone family interests and creditors. What does this mean for the current valuation of VIA? We decided to have a look at the intrinsic value of VIA. The ongoing negotiations between Redstone family interests and creditors will impact the stock - but does this present a longer-term opportunity if this situation artificially depresses the share price in the near term?

Valuecruncher valuation model of VIA with interactive assumptions

]]> Tue, 25 Nov 2008 04:46:51 -0500 Valuecruncher Sumner Redstone is the majority owner of Viacom (VIA). Last month Redstone sold US$233 million of VIA shares. VIA appears to be well and truly caught in the current negotiations between Redstone family interests and creditors. What does this mean for the current valuation of VIA? We decided to have a look at the intrinsic value of VIA. The ongoing negotiations between Redstone family interests and creditors will impact the stock - but does this present a longer-term opportunity if this situation artificially depresses the share price in the near term?

Valuecruncher valuation model of VIA with interactive assumptions


Complete Story »]]> VIA Valuecruncher General Mills Trading Higher Than 12 Months Ago, In-Line with Intrinsic Value http://seekingalpha.com/article/106806-general-mills-trading-higher-than-12-months-ago-in-line-with-intrinsic-value?source=feed 106806 General Mills (GIS) the manufacturer and marketer of branded consumer foods (such as Cheerios, Betty Crocker and Hamburger Helper), is one of the rare stocks trading higher today than 12 months ago. How does the current share price of GIS look from an intrinsic value perspective?

Valuecruncher valuation model of GIS with interactive assumptions

]]> Wed, 19 Nov 2008 08:37:32 -0500 Valuecruncher General Mills (GIS) the manufacturer and marketer of branded consumer foods (such as Cheerios, Betty Crocker and Hamburger Helper), is one of the rare stocks trading higher today than 12 months ago. How does the current share price of GIS look from an intrinsic value perspective?

Valuecruncher valuation model of GIS with interactive assumptions


Complete Story »]]> GIS Valuecruncher Nike: Just Do It http://seekingalpha.com/article/106320-nike-just-do-it?source=feed 106320 Nike (NKE) is a global leader in sporting footware, apparel and equipment. We have always been fans of their advertising - especially the one below. The visuals are now dated, but the music from John Lennon is just brilliant.

]]> Mon, 17 Nov 2008 06:07:17 -0500 Valuecruncher Nike (NKE) is a global leader in sporting footware, apparel and equipment. We have always been fans of their advertising - especially the one below. The visuals are now dated, but the music from John Lennon is just brilliant.


Complete Story »]]> NKE Valuecruncher