NYSE:PBY
$8.48
(2/9 3:03PM)
+3.0%
| Open | $8.32 |
Mkt Cap | $430.8 Million |
| High | $8.51 |
52Wk High | $10.83 |
| Low | $8.21 |
52Wk Low | $2.76 |
| Volume | 124,169 |
Avg Vol 10D | 267,300 |
Ockham's Rating/Recommendation Summary
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PBY Revenue
As a value investing shop, we are interested in seeing how PBY'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 0.46x and the low end of the range at 0.17x.
With respect to these historically rational metrics, notice that the current Price to Sales per share ratio for PBY of 0.23x is well below its normal historic Price to Sales levels. At a price of $8.33, PBY is 28% 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.
PBY Cash Earnings
Looking at PBY specifically in their Cash Earnings capabilities, Ockham views PBY as 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 PBY 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 17.34 and a 6.14 low over the same period.
So with PBY's current price (latest close of $8.33) and most recent level of Cash Earnings reported, we see significant opportunity from a value perspective. At its current price level, PBY is 26% below its average level of Price to Cash Earnings on a historical basis. This means that investors were willing to pay for a much higher stock price than currently for the same level of Cash in the past, on a relative basis. There are a couple of important things to remember, however. First, value doesn't exist in a vacuum. So if the market doesn't recognize this value, even a great disparity in Price to Cash Earnings cannot force an immediate stock price reaction. Second, patience is key when looking at securities that have reached these levels of Price to Cash Earnings versus their historical norms. So be patient with PBY.
PBY 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 PBY, 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. PBY’s estimated annual dividend is $0.12 resulting in a current dividend yield of 1.44%. The highest dividend yield from PBY over recent history was 10.31% while the lowest dividend yield was 0.92%. It is never a good sign for a company to pay significantly lower dividends, in this case 74.35% below the median yield. Although, dividends are a relatively small portion of our analysis framework, we still see this as a negative factor.
See More News on PBY from Power Lunch
As always, the latest news on PBY is available to Ockham clients through RazorWire, and it was mentioned recently on Power Lunch.
Pep Boys--Manny, Moe & Jack receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. The Motley Fool CAPS crowd believes this stock will perform generally in line with the benchmark, or in other words the crowd is neutral. We noticed recently that in comparison to all other stocks we analyze in the news; PBY has received less coverage from the financial media in business television and blogs.
“… and you've got another you have the high tech stock, nuance communications and PEP BOYS, manny, mow and jack. The car fixers. That's a desperate pick. > > correct. > > …”
News on PBY From the Pundits on The Opening Bell on Fox Business
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to Pep Boys--Manny, Moe & Jack.
When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Pep Boys--Manny, Moe & Jack has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on PBY because it trades within the price range that we would expect given current market conditions and fundamentals. Our sentiment indicator, provided through the Motley Fool CAPS survey, suggests that investors are neutral overall towards PBY and think that it will generally perform in-line with the S&P 500.
“… PEP BOYS and quickly, the upgrades and down grades worth take ago look at. First two were upgraded, the bottom three downgraded and right now expected the dollar commodities ... …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on Fox Business's Countdown to the Closing Bell
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
Chris hizey with u.S. Trust. $200 billion under asset we are five minutes from the tracey byrnes? >> loser of the day is PEP BOYS, many, mo and jack. Fiscal quarter earnings a penny better, but revenue missed saying the do it yourself management is missing. >> stocks down 4.8%. >> sandra mentioned hershey. Keep an eye on them. They may make a bid for cadbury after cadbury saying no to craft's offer yesterday. >> s&p 500 leader today is jen
“… g. >> stocks down 4.8%. >> sandra mentioned hershey. Keep an eye on them. They may make a bid for cadbury after cadbury saying no to craft's offer yesterday. >> s&p 500 leader today is jen …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on CNBC's Closing Bell
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
Up 54%. The company made $44 million. It beat wall street estimates due to higher gasoline margins and lower expenses. And automotive parts and services retailer PEP BOYS, up revenue short of wall street the stock loses 5%. >>> it's time for the "fast money" "final call," apple up over 100% so far this year. Down a little bit today. Is it time to take profits or should you be placing bets now that the version of the ipods and itunes have been unveiled. Weighing in on said apple. >> how's it going? >> what do you think? As you see the market, they didn't get the hardware
“… ey" "final call," apple up over 100% so far this year. Down a little bit today. Is it time to take profits or should you be placing bets now that the version of the ipods and itunes have been unveiled. Weighing in on said apple. >> how's it going? >> what do you think? As you see the market, they didn't get the hardware …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on CNBC's Closing Bell
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
33% drop in revenue. Customers cutting back on that was still better than what wall street was expecting. The stock up today. PEP BOYS reports first quarter profit more than doubled. They made $11 million, triple wall street estimates because of a big gain from bond repurchases, stock up 10.5%. Titan machinery's first quarter
“… n from bond repurchases, stock up 10.5%. Titan machinery's first quarter …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on Fox Business's Countdown to the Closing Bell
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
On the the s&p 500, great texas instrument giving their forecast, upping their outlook so that was good news. You can see the name up 8%. PEP BOYS also, american excel on the move. 22% to the up side. Men's warehouse beating the street. Conagra with a roof collapse and I think there are still
“… f collapse and I think there are still …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on Fox Business's Fox Business
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
Traders love they're paying back moving on, looking at other names we continue to watch. Movers we've been watching. Talked about PEP BOYS. Axle american holdings, axle to the up side, some of the other names we've been watching since the early going. Texas instruments, for example.
“… as instruments, for example. …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on Fox Business's The Opening Bell on Fox Business
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
And I should also point out yesterday, a charles's choice so morgan stanley one day behind the ball here the and the stock is up. PEP BOYS, revenues in line and earnings, 21 cents, the street looking for 7 cents, good for a move 61/2% out the gate and texas instruments last night with that phenomenal earnings
“… as instruments last night with that phenomenal earnings …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on Fox Business's The Opening Bell on Fox Business
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
Such as texas instrument raising the outlook and good news there and watching men's warehouse, ten cents a share, they thought it would break even and see men's warehouse up 10% and PEP BOYS off about 7% and quickly bring to your attention, upgrades and down grades. Safeway, getting an upgrade. While we have some key down grades to tell, but.
“… own grades. Safeway, getting an upgrade. While we have some key down grades to tell, but. …”
Pep Boys--Manny, Moe & Jack (PBY) Discussed on CNBC's Closing Bell
Pep Boys--Manny, Moe & Jack is in the news. Find out how this impacts PBY trading on Ockham Research.
Could see more of that boosted by stimulus spending. Retail level? Those that supply and sell to the do it yourself mark, a little higher today. One of the standouts, PEP BOYS. The sector is underperforming overall retail today. A lot of them have had a big the analysts I talk to today, for the cash-strapped smaller suppliers, time is going to be
“… ig the analysts I talk to today, for the cash-strapped smaller suppliers, time is going to be …”