NASDAQ:FLIR
$26.70
(3/17 4:00PM)
-0.4%
| Open | $26.77 |
Mkt Cap | $4.1 Billion |
| High | $26.99 |
52Wk High | $33.35 |
| Low | $26.63 |
52Wk Low | $19.90 |
| Volume | 1.9 Million |
Avg Vol 10D | 2.0 Million |
Ockham's Rating/Recommendation Summary
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FLIR Revenue
As a value investing shop, we are interested in seeing how FLIR's revenues measure up against past performances. One easily understandable way of doing that is to compare Price to Sales per share levels over a given time frame. Assuming it is available, Ockham prefers to look at ten years of history (for this stock there are 10 years of history available) and we weigh recent years more heavily. This allows us to find weighted average historical high and low Price to Sales ratios, which give us a better idea of the stock's current underlying value. Using this method, we have established a high range for Price to Sales of 5.82x and the low end of the range at 3.00x.
With respect to these historically rational metrics, notice that the current Price to Sales per share ratio for FLIR of 3.56x is well below its normal historic Price to Sales levels. At a price of $26.68, FLIR is 20% 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.
FLIR 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 FLIR is significantly below its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 10 years of cash earnings levels for FLIR to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 27.91 and a 14.26 low over the same period.
Now that FLIR’s current price is $26.68 and its Price to Cash Earnings ratio is 14.99, we are very positive on its outlook from the cash earnings perspective. In fact, FLIR is now trading a full 29% below its average historical Price to Cash Earnings ratio at these profit per share levels. When our clients ask us why FLIR has great long term potential, the Cash Earnings levels to current stock is one of our primary reasons. But naturally, now we need for the overall market to recognize this disparity.
FLIR 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. While we do like to see companies with healthy and growing dividends, it is not appropriate for all companies, especially those focused on growth. In this regard, we regard FLIR as neutral because we do not have historical data for this company's dividends. We will being incorporating this into our analysis as soon as that data is available.
FLIR Back in the News on Zero Hedge
There has not been much to report from FLIR in the last few weeks at least, but Zero Hedge talked about the stock recently.
We noticed recently that in comparison to all other stocks we analyze in the news; FLIR has received less coverage from the financial media in business television and blogs. FLIR Systems, Inc. receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.
“… But some of the dogs in the NDX like AMAT, MSFT, FLIR, KLAC could be prone to some epic squeezes, which could keep the QQQQ's flat on the week. …”
Mad Money Has News on FLIR
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to FLIR Systems, Inc..
The Ockham valuation currently has a Fairly Valued stance on FLIR because it trades within the price range that we would expect given current market conditions and fundamentals. Investors are headed for the exit following today's news as the stock is trading down $2.25. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, FLIR Systems, Inc. has actually sunk a bit in comparison to the others. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.
“… Then today another homeland security stock FLIR systems got mauled. Down $2. 25 or 7. 6% after reporting an in-line quart systems, got down. What do we do? Here is my take. …”
Stay Current on FLIR's News on Closing Bell
The latest news on Closing Bell in regards to FLIR came through on RazorWire recently.
The Motley Fool CAPS data suggests that investors believe FLIR Systems, Inc. will beat the market in the foreseeable future. Please be aware that FLIR is trading off $2.03 today, and is clearly being affected by the latest news. As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, FLIR has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on FLIR.
“… FLIR is disappointing. And echelon, its ceo is leaving. After the bell this afternoon, we're going to hear from nile. They are expected to report 38 cents on $106 million in ... …”
See Why FLIR Systems, Inc. News Was Discussed on Squawk On The Street
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to FLIR Systems, Inc..
The Ockham valuation currently has a Fairly Valued stance on FLIR because it trades within the price range that we would expect given current market conditions and fundamentals. Investors are headed for the exit following today's news as the stock is trading down $1.99. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, FLIR Systems, Inc. has actually sunk a bit in comparison to the others. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.
“… Earnings losers, FLIR one of the biggest losers, disappoints on its earnings. Expedia surprisingly also trading to the down side despite posting better than expected results. …”
FLIR Systems, Inc. Was Talked About by Mad Money
As always, the latest news on FLIR is available to Ockham clients through RazorWire, and it was mentioned recently on Mad Money.
The Ockham valuation currently has a Fairly Valued stance on FLIR because it trades within the price range that we would expect given current market conditions and fundamentals. In comparison to the other stocks that we follow, FLIR Systems, Inc. has seen more discussion in relation to its normal ranking among the group. Be aware that the news sources we track are focusing on this stock more often these days. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.
“… I've got some FLIR, FLIR. I don't know what to hold on this one. > > you've got to hold it. 2010 is the year of the active investor. Why is that? …”
What are the Experts Saying? Analysts and FLIR on Power Lunch
Wall Street analysts can have a huge affect on stocks, and today Power Lunch talked about an analysts' opinion in relation to FLIR.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, FLIR has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on FLIR. The Motley Fool CAPS data suggests that investors believe FLIR Systems, Inc. will beat the market in the foreseeable future.
“… we have lowered our price target on imax and on FLIR. We still like rc, in a lot. We think garm ibm has issues going long term. > > that was a sell. > > …”
See Who is Talking About News from FLIR on Mad Money
The latest news on Mad Money in regards to FLIR came through on RazorWire recently.
When taking into account the amount of news coverage each stock normally sees as a percentage of the total, FLIR Systems, Inc. has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on FLIR because it trades within the price range that we would expect given current market conditions and fundamentals. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey.
“… Asei, osi systems, FLIR systems and then two secondary plays, cogent and l-1. But remember this is a long-term theme and all of these stocks look even bigger on a pullback when ... …”
FLIR Gets Mentioned in the Financial Media
FLIR Systems, Inc. is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Mad Money.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, FLIR has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on FLIR. The Motley Fool CAPS data suggests that investors believe FLIR Systems, Inc. will beat the market in the foreseeable future.
“… Our third counterterrorism play, probably familiar with it if you watch the show consistently, FLIR systems, up 15% since the october 15th show but hardly moved since the failed ... …”
See Why FLIR Systems, Inc. News Was Discussed on Mad Money
The latest news from Mad Money on FLIR is available through Ockham's news analytics platform RazorWire.
Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. The Ockham valuation currently has a Fairly Valued stance on FLIR because it trades within the price range that we would expect given current market conditions and fundamentals. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, FLIR Systems, Inc. has actually sunk a bit in comparison to the others.
“… We like FLIR systems, FLIR systems. Cogent, and l-1 identity solutions bringing up the rear. That's id. And we've got one more great one that i'm going to tell you about ... …”
FLIR Systems, Inc. Was Talked About by Power Lunch
The latest news on Power Lunch in regards to FLIR came through on RazorWire recently.
FLIR Systems, Inc. receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; FLIR has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.
“… Xto, range resources higher by 3,000 and 2,000% respectively. Precision part 1500% gain. FLIR and denbury making moves as …”