NYSE:PHG
$32.77
(3/11 6:40PM)
+0.5%
| Open | $32.56 |
Mkt Cap | $30.2 Billion |
| High | $32.78 |
52Wk High | $32.86 |
| Low | $32.29 |
52Wk Low | $14.72 |
| Volume | 1.4 Million |
Avg Vol 10D | 741,200 |
Ockham's Rating/Recommendation Summary
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PHG Revenue
Cash earnings is the most important factor in our analysis, but it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 10 years. For, PHG the high and low end of the Price to Sales per share ratios are 1.16x and 0.67x respectively.
Notice that PHG's current Price to Sales per share ratio is 0.44x, which is well below its normal historic Price to Sales levels. At a price of $31.81, PHG is 52% below where we would expect to see it. Clearly, this stock looks undervalued compared to historical levels, at least on a Price to Sales basis. This will positively affect our analysis because it is rare to find a stock this far below historical norms, and we would expect some price appreciation to bring this metric back towards a more normal range.
PHG Cash Earnings
As the old saying goes, "Cash is King!" We look at reported Cash Earnings, but the main emphasis of our analysis involves stripping out non-cash events such as depreciation from our cash earnings analysis. This helps us view the cash flows more clearly. Nevertheless, an analysis of Cash Earnings (both reported and otherwise) is absolutely pivotal to assessing a company's value, and currently PHG is below their historical average multiples of Cash Earnings, as calculated by our proprietary analysis. It is incredibly important to understand that for PHG, the current level of Cash Earnings compared to its historical levels helps identify where PHG is in relation to what the investing community was willing to pay for this level of Cash Earnings in the past. With a historical high Cash Earnings per share ratio of 15.46 and a historical low Cash Earnings per share ratio of 7.85, an investor can relate where value becomes optimal.
So what does a Cash Earnings ratio below the historical norm mean for PHG? Generally, PHG's investors have paid slightly higher stock prices for this level of Cash Earnings, which bodes well as a return to historical norms is statistically likely. However, it is never a guarantee that history gives us proper direction, particularly in fluctuating market cycles. So by utilizing a long term view and incorporating other areas of analysis (like Sales, Dividends, and management analysis), each investor can gain a more complete view of PHG. Remember, that the average Cash Earnings level for PHG has been 11.65, so the current Cash Earnings level of 10.86 is a positive in our view, but by no means is it overwhelming.
PHG Dividends
A strong dividend payment history is looked upon as a favorable characteristic on a company’s future and potentially can receive a positive Ockham rating. That being said, we don't require dividend payments for company's whose management has elected to forgo them entirely.
When reviewing dividend yields for PHG, we compare the historic high and low levels over the past, which is similar to our evaluation of Sales and Cash Earnings per share. Paying a dividend is not necessary for any company, but changes in dividend often can lend clues as to the health of the business. A rising dividend is a strong sign for an established company, as it reflects management's confidence in the company. PHG’s estimated annual dividend is $0.81 resulting in a current dividend yield of 2.55%. The highest dividend yield from PHG over recent history was 7.41% while the lowest dividend yield was 0.00%. With that range in mind, PHG’s current dividend yield is a full 31.17% below its median dividend yield historically. This is a negative from our perspective.
Royal Philips Electronics ADR (PHG) Discussed on Fox Business's Happy Hour
Royal Philips Electronics ADR is in the news. Find out how this impacts PHG trading on Ockham Research.
Cody: relative to other bankers he might be conservative or transparent but that is not a very high eric: I will take him. Abn amro teaming up with royal PHILIPS ELECTRONICS to develop a mood bracelet. They're targeting retail investors and believe that this is written statement, do not behave rationally when it comes to trading. Warns the average joe, if he is sweating too much before making a trade. Apparently good time to reconsider. Hit other miss on mooder
“… his is written statement, do not behave rationally when it comes to trading. Warns the average joe, if he is sweating too much before making a trade. Apparently good time to reconsider. Hit other miss on mooder …”
Royal Philips Electronics ADR (PHG) Discussed on CNBC's Fast Money
Royal Philips Electronics ADR is in the news. Find out how this impacts PHG trading on Ockham Research.
>> and that's the key. We knew last week coming into pretty much tomorrow we had a nice run where there's not a lot of earnings power to take us macro data. We came in this morning, also had ford european sales up 12%. That was a surprise. Had PHILIPS ELECTRONICS which is a big take on both the consumer and specialty retail, at least again, athird quarter net that so we're getting numbers that actually give people to believe we're seek sequential growth. >> the philips news surprised me in terms of the reaction to it because they highlighted cost cutting as a reason they beat analyst expectations. And that's exactly what we do not want to hear this earnings >> no, it's true. And I think people need more in the third quarter to see the top line, and I didn't think with philips this is a story you're getting operational improvement. They talked about the fourth quarter. And I think that's something we're going to see over here as >> some of these trades still work. Alcoa unchanged on the day. I still think last thursday's action where it traded 115 million shares, traded to 15.11. Dougie kass, a guy I read every day, have the utmost respect for, he came out today said he has the biggest short position on since february. You've got to listen to dougie because he called the bottom of
“… CTRONICS which is a big take on both the consumer and specialty retail, at least again, athird quarter net that so we're getting numbers that actually give people to believe we're seek sequential growth. >> the philips news surprised me in terms of the reaction to it because they highlighted cost cutting as a reason they beat analyst expectations. And that's exactly what we do not want to hear this earnings >> no, it's true. And I think people need more in the third quarter to see the top line, and I didn't think with philips this is a story you're getting operational improvement. They talked about the fourth quarter. And I think that's something we're going to see over here as >> some of these trades still work. Alcoa unchanged on the day. I still think last thursday's action where it traded 115 million shares, traded to 15.11. Dougie kass, a guy I read every day, have the utmost respect for, he came out today said he has the biggest short position on since february. You've got to listen to dougie because he called the bottom of …”
Royal Philips Electronics ADR (PHG) Discussed on CNBC's Squawk On The Street
Royal Philips Electronics ADR is in the news. Find out how this impacts PHG trading on Ockham Research.
Commodity stocks are higher. Oil is higher today. As mark was just reading, black & decker up are their outlook and earnings per share estimate was double what the street was looking for and then PHILIPS ELECTRONICS out of europe came out with better than expected earnings but they said it was due to the old cost cutting and not real topline revenue growth and the street valuerallied and it carried over to what we're seeing and we're only 75 points away from dow 10,000. >> that's the big psychological level. We can bring out our baseball caps. We have all of these major earnings this week. Several dow components that will hold the key as to whether or not we'll perhaps approach 10,000, cross it, maybe even hit technical levels beyond 10,000. >> no doubt the biggest story of the week. Don't be fooled that volume is lighter today because of columbus day. This is the start of the most critical week on wall street in some time. Jpmorgan, morgan stanley, google, ibm, bank of america and then general electric so you
“… expected earnings but they said it was due to the old cost cutting and not real topline revenue growth and the street valuerallied and it carried over to what we're seeing and we're only 75 points away from dow 10,000. >> that's the big psychological level. We can bring out our baseball caps. We have all of these major earnings this week. Several dow components that will hold the key as to whether or not we'll perhaps approach 10,000, cross it, maybe even hit technical levels beyond 10,000. >> no doubt the biggest story of the week. Don't be fooled that volume is lighter today because of columbus day. This is the start of the most critical week on wall street in some time. Jpmorgan, morgan stanley, google, ibm, bank of america and then general electric so you …”
Royal Philips Electronics ADR (PHG) Discussed on CNBC's Squawk On The Street
Royal Philips Electronics ADR is in the news. Find out how this impacts PHG trading on Ockham Research.
Secret swiss bank accounts with the two of them delaying a trial that was supposed to start again working on the settlement right now. Lastly we just want to add with PHILIPS ELECTRONICS, the duj electronics company surprising the market with a second quarter profit ahead of the opening bell the stock was higher in the premarket. Let's get a check on tech with >> thank you so much were
“… rter profit ahead of the opening bell the stock was higher in the premarket. Let's get a check on tech with >> thank you so much were …”
Royal Philips Electronics ADR (PHG) Discussed on CNBC's Squawk On The Street
Royal Philips Electronics ADR is in the news. Find out how this impacts PHG trading on Ockham Research.
Profits of $2 billion. Also PHILIPS ELECTRONICS up 5%. Lastly, cit, the blender to the small and medium sized business down 18%. Let's go to check on the energy we go to sharon epperson.
“… Profits of $2 billion. Also PHILIPS ELECTRONICS up 5%. Lastly, cit, the blender to the small and medium sized business down 18%. Let's go to check on the energy we go to sharon epperson. …”
Royal Philips Electronics ADR (PHG) Discussed on Fox Business's Money For Breakfast
Royal Philips Electronics ADR is in the news. Find out how this impacts PHG trading on Ockham Research.
And postpone a hearing scheduled for today in miami, it has been postponed for 15 days, ubs lost 50% in trading on friday the shares are trading higher by 1% in switzerland. Royal PHILIPS ELECTRONICS is posting a net profit for the second quarter as margins improved due to cost savings and insurance recoveries. Phillips says it remains
“… ns improved due to cost savings and insurance recoveries. Phillips says it remains …”