New Constructs leverages reliable fundamental data, as proven in The Journal of Financial Economics, to provide unconflicted insights into the fundamentals and valuation of private and public businesses. Combining human expertise with cutting-edge machine learning (ML) technologies (featured by Harvard Business School), the firm shines a light in the dark corners (e.g. footnotes) of hundreds of thousands of corporate financial filings to reveal critical details that drive uniquely comprehensive and independent credit and equity investment ratings, valuation models and research tools.
Write-Downs Near 15-Year Lows Post 2020 “Kitchen Sink”
3Q21 Earnings: Where the Street is Too High & Who Should Miss
GitLab: Another Overpriced Tech Company
Allbirds Is Already Overvalued at Expected IPO Valuation
S&P 500 Companies That Overstated EPS by 60%+ in 2Q21
Similar to 1Q21, misleading earnings beats continue in 2Q21. Operating Earnings from S&P Global (SPGI) exaggerated the drop in 2020 and are overstating the rebound in S&P 500 earnings over the last five months.
S&P 500 Companies That Understated EPS By ~70% Post 2Q21
Using ROIC to Find the Best & Worst Stocks in the S&P 500
FCF Yield Increased in Six All Cap Index Sectors Through 2Q21
Core Earnings Improved in Ten NC 2000 Sectors Through 2Q21
Two S&P 500 Sectors Trade Below Economic Book Value After 2Q21 Earnings
ROIC Improved in Nine S&P 500 Sectors Through 2Q21
S&P’s “Operating Earnings” Remain Overstated in 2Q21
Core Earnings Are a Better & Less Volatile Measure of Earnings
Will These Firms Keep Creating Shareholder Value After 2Q21?
Danger Zone Stocks That Missed Expectations In 2Q21 Earnings
After missing key expectations, in revenue and user growth, Pinterest and Zendesk remain miles away from achieving the cash flows implied by their stock prices.
2Q21 Earnings: 3 Long Ideas Poised for Post-Pandemic Growth
Three Danger Zone Stocks That Look Worse Post 2Q21 Earnings
Despite top line beats, these businesses remain remarkably far behind where their stock valuations imply they should be. TSLA,SNAP, and SHOP are in the Danger Zone.
3 Long Ideas That Remain Attractive Post 2Q21 Earnings
2Q21 Earnings: What to Watch for And Who Should Beat
Three Stocks That Look More Dangerous Post 1Q21 Earnings
Despite top line beats, these stocks remain highly overvalued. Lyft Inc., Spotify, and Snap Inc. are in the Danger Zone.