Historically, IBM has traded for 12.2x to 18.1x cash earnings per share, while the current level is only 11.7x.
For example, based on current earnings expectations for this fiscal year CREE is trading for nearly 50x cash earnings per share.
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For example, over the past ten years the market has been willing to pay between 8.4x and 16.4x times cash earnings per share.
For example, historically FAST has traded between 21x and 35x times cash earnings per share, and Fastenal closed yesterday trading for a multiple of 31x.
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For example, in just over 9 years that ALGN has traded publicly, it has historically traded for 18.2x to 42.8x times cash earnings per share.
For example, the company has historically fetched between 11.7x and 15.5x times cash earnings per share, but it currently trades will below that level at a multiple of around 9.8x.
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Over the last ten years JPM has normally traded between 16.5x to 33.8x times cash earnings per share, but that is down to only about 12x at the current price.
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For example, over the last ten years the market has been willing to pay between 17.1x and 22.5x cash earnings per share, but the current price-to-cash earnings is only 16.8x.
For example, over the last ten years the market has been willing to pay 13.4x to 17.4x multiple of cash earnings per share, but the current price-to-cash earnings is only 11.9x.
For example, over the past ten years EWBC has traded for between 12.2x and 27.6x times cash earnings per share, but that multiple currently stands at 30.4x well above the historically normal range.
Historically, the market has been willing to pay between 23x and 34.4x times cash earnings per share, but as the stock currently trades for only 12.8x the low end of 2011 expected earnings.
For instance, historically the market has been willing to pay between 6.6x and 14.7x times cash earnings per share for Halliburton, but the stock currently trades uncomfortably close to the high end of that range at price-to-cash earnings of 13.8x.
For example, over the past ten years (recent years weighed more heavily) we have established a price-to-cash earnings range of 32.8x to 60.1x, but at percent the stock trades at a multiple of under 14x expected 2010 cash earnings per share.
For example, over the past ten years (with the more recent years weight more heavily) HOG has traded for 11.1x to 23.7x cash earnings per share, and the stock currently sits near the high end of that range given current estimates.
For example, over the last ten years the market has historically been willing to pay between 5.7x and 11.4x cash earnings per share of CKR, but even at the offering price that metric falls short of the historically normal valuation at 5.1x.
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Spending cash on share buy-backs boosts earnings per share immediately, whereas a capital-investment programme may actually reduce earnings in the short term.
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These statements are likely to address matters such as the company's future financial condition and performance (including earnings per share, profitability, liquidity, cash flows, debt levels, market share growth and other sales information, inventory levels and capital expenditures), its cost reduction initiatives and plans for store closings, and the expansion of product categories, including eBook content and eReaders.
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Seagate expects these transactions and agreements to be meaningfully accretive to non-GAAP diluted earnings per share and cash flow within the first full year following the closing, and Seagate does not expect any material restructuring costs in connection with them.
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Buybacks merely increases certain valuations while decreasing others (destroy cash but increase per share ratios for earnings, etc).
This combination is also financially compelling, and we expect it to deliver enhanced earnings per share and free cash flow generation, creating meaningful value for our shareholders.
These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income tax expense, non-GAAP net income, non-GAAP net income, or earnings, per share, and free cash flow.
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Last year earnings per share rose 19%, while cash flow from operations declined 10%.
Think of a company that, say, sells off a division at a loss, incurring a large non-cash charge against its earnings, so the EPS dips temporarily way below the per-share dividend.
Utilities hold at 14 times earnings, carrying 4 percent yields, but minimal incremental free cash flow to bump up dividends more than pennies per share.
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