NYSE:IDC
$30.31
(2/26 4:00PM)
-0.4%
| Open | $30.49 |
Mkt Cap | $2.9 Billion |
| High | $30.49 |
52Wk High | $30.74 |
| Low | $30.1 |
52Wk Low | $20.19 |
| Volume | 168,800 |
Avg Vol 10D | 243,300 |
Ockham’s Rating/Recommendation Summary
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IDC 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, IDC the high and low end of the Price to Sales per share ratios are 4.35x and 2.93x respectively.
Notice that IDC’s current Price to Sales per share ratio is 3.77x, which is slightly above its historical average. This level of Price to Sales gives us a fairly neutral position on the shares. We would like to see a drop in the Price to Sales ratio of 3% given current sales figures before we would become more positive on a Price to Sales basis. Such a drop would put Price to Sales per share in line with IDC’s weighted historical average.
IDC 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 IDC is below their historical average multiples of Cash Earnings, as calculated by our proprietary analysis. It is incredibly important to understand that for IDC, the current level of Cash Earnings compared to its historical levels helps identify where IDC 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 17.19 and a historical low Cash Earnings per share ratio of 11.61, an investor can relate where value becomes optimal.
With a historical average Cash Earnings ratio of 14.40, the current Cash Earnings ratio of 13.59 is a positive opportunity for value in the Ockham view. Naturally, we would love to see a deeper value opportunity for IDC, but to get there one of two things must occur (or both). Either the stock price must decline further to increase the long term buying opportunity, or the management at IDC needs to earn more cash. If either, or both, of these occur, then we could see a significant gap emerge between what investors were willing to pay for in the past, and where IDC is trading currently (latest close price of $30.31).
IDC 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 IDC, 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. IDC’s estimated annual dividend is $0.80 resulting in a current dividend yield of 2.64%. The highest dividend yield from IDC over recent history was 6.30% while the lowest dividend yield was 0.00%. With that range in mind, IDC’s current dividend yield is a full 16.19% below its median dividend yield historically. This is a negative from our perspective.
Yearly Highs and IDC Recently Discussed on Countdown to the Closing Bell
Stick with it or dump it? Countdown to the Closing Bell discusses what an abnormally high price means for IDC’s investors. Take note of Ockham’s valaution on the stock as well.
At present, Ockham has a valuation stance of Undervalued on IDC, as we could see significant price appreciation based on current fundamentals like cash earnings and revenue. However, this stock has already had a pretty good week, making it less attractive to value investors at the current price. Take notice of the news on this stock because it is up $3.73 since the close of trading yesterday. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Interactive Data Corporation has actually sunk a bit in comparison to the others.
“… INTERACTIVE DATA, a 52 week high providing financial market data. They hire people, they might put themselves on the market. Almost 15% because of that. …”
Interactive Data Corporation (IDC) Discussed on CNBC’s Squawk On The Street
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
Around that denied access to the technology from a consumer point of view. It really pretty clear. >> jim goldman, one more question. >> just really quickly. Idc was out with market share numbers yesterday indicate that intel’s market share globally is actually declined by 4% during the first quarter while amd’s market shares increased that 4%.
“… tually declined by 4% during the first quarter while amd’s market shares increased that 4%. …”
Interactive Data Corporation (IDC) Discussed on CNBC’s Fast Money
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
This quarter is incredibly dependent on the month of june, but with that caveat aside so far so good." well, this is a pretty significant sign of optimism from intel, especially when you look at the idc numbers that were out earlier today, indicating that pc shipments and ship sales around the globe were still falling year over year and even quarter to quarter. It’s just that the activity
“… pc shipments and ship sales around the globe were still falling year over year and even quarter to quarter. It’s just that the activity …”
Interactive Data Corporation (IDC) Discussed on CNBC’s Fast Money
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
On the call. >> you’ve done your own channel checks for microsoft, and what are you seeing out there on the front lines? >> so pc sales everybody knows are bad. I think they came in a little bit better than everybody thought when you got the idc and gartner numbers last week. We think there’s a little risk to where consensus revenue is but there’s better cost controls this quarter and that’s what’s going to get people excited at least in the short term.
“… er numbers last week. We think there’s a little risk to where consensus revenue is but there’s better cost controls this quarter and that’s what’s going to get people excited at least in the short term. …”
Interactive Data Corporation (IDC) Discussed on CNBC’s Closing Bell
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
Nasdaq, and for that we go to skop scot? >> all right, mary, thanks so nasdaq is the weakest of the technology having a problem today. The nasdaq is improving slightly but still down a half percent. Idc is a research group, was out with some data today revising downward their forecast for information technology spending for 2009. So technology was set up to have a fairly difficult day. They’re still looking for an increase in 2009, but only up a
“… vising downward their forecast for information technology spending for 2009. So technology was set up to have a fairly difficult day. They’re still looking for an increase in 2009, but only up a …”
Interactive Data Corporation (IDC) Discussed on CNBC’s Power Lunch
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
Last night kind of put away some of the gloom and was upbeat. It seeps to have had no effect on stocks. >> no, because one of the research firms, idc group was fairly negative on technology they revised downward their projections for information technology spending. Technology was going to be under pressure today regardless,
“… y spending. Technology was going to be under pressure today regardless, …”
Interactive Data Corporation (IDC) Discussed on Fox Business’s The Opening Bell on Fox Business
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
A two hour meeting in a business or government agency setting, that two hour meeting takes two hours not two days to go across back. Alexis: I see reports boy idc they wrote them for you. They say the return on investments, one to six months. Cuts carbon emissions, good for band which hadth. What does it mean in terms of
“… emissions, good for band which hadth. What does it mean in terms of …”
Interactive Data Corporation (IDC) Discussed on Fox Business’s Money For Breakfast
Interactive Data Corporation is in the news. Find out how this impacts IDC trading on Ockham Research.
In the market to almost 10% as well as a laundry list of complaints over microsoft’s current operating system vista. Joining us now is chief research officer and vice president of technology information firm idc. And also joining us is a tech writer for "businessweek".Com. John, I want to start with you. Typically microsoft takes about five to seven years to roll out one of these new operating systems.
“… businessweek”.Com. John, I want to start with you. Typically microsoft takes about five to seven years to roll out one of these new operating systems. …”