Latest news with #KEYS
Yahoo
06-07-2025
- Business
- Yahoo
A Look At The Fair Value Of Keysight Technologies, Inc. (NYSE:KEYS)
Using the 2 Stage Free Cash Flow to Equity, Keysight Technologies fair value estimate is US$180 Current share price of US$167 suggests Keysight Technologies is potentially trading close to its fair value Analyst price target for KEYS is US$183, which is 2.1% above our fair value estimate Today we will run through one way of estimating the intrinsic value of Keysight Technologies, Inc. (NYSE:KEYS) by taking the forecast future cash flows of the company and discounting them back to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF ($, Millions) US$1.18b US$1.36b US$1.47b US$1.58b US$1.67b US$1.75b US$1.82b US$1.89b US$1.96b US$2.02b Growth Rate Estimate Source Analyst x4 Analyst x3 Analyst x1 Analyst x1 Est @ 5.58% Est @ 4.79% Est @ 4.23% Est @ 3.85% Est @ 3.57% Est @ 3.38% Present Value ($, Millions) Discounted @ 7.8% US$1.1k US$1.2k US$1.2k US$1.2k US$1.1k US$1.1k US$1.1k US$1.0k US$993 US$952 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$11b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.9%. We discount the terminal cash flows to today's value at a cost of equity of 7.8%. Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = US$2.0b× (1 + 2.9%) ÷ (7.8%– 2.9%) = US$43b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$43b÷ ( 1 + 7.8%)10= US$20b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$31b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of US$167, the company appears about fair value at a 7.0% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Keysight Technologies as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.130. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Keysight Technologies Strength Debt is not viewed as a risk. Weakness Earnings declined over the past year. Opportunity Annual earnings are forecast to grow for the next 3 years. Current share price is below our estimate of fair value. Threat Annual earnings are forecast to grow slower than the American market. Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Keysight Technologies, we've compiled three relevant items you should consider: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Keysight Technologies , and understanding it should be part of your investment process. Future Earnings: How does KEYS's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here. — Investing narratives with Fair Values Suncorp's Next Chapter: Insurance-Only and Ready to Grow By Robbo – Community Contributor Fair Value Estimated: A$22.83 · 0.1% Overvalued Thyssenkrupp Nucera Will Achieve Double-Digit Profits by 2030 Boosted by Hydrogen Growth By Chris1 – Community Contributor Fair Value Estimated: €14.40 · 0.3% Overvalued Tesla's Nvidia Moment – The AI & Robotics Inflection Point By BlackGoat – Community Contributor Fair Value Estimated: $359.72 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
25-06-2025
- Business
- The Sun
Glomac profit before tax rises to RM33.4m in FY25
KUALA LUMPUR: Glomac Bhd, a property developer with ongoing projects across Greater Kuala Lumpur, Selangor and Johor, reported revenue of RM74.9 million and profit before tax (PBT) of RM12.1 million in the fourth quarter of its financial year ended April 30, 2025 (Q4'25). For the full financial year ended April 30, 2025 (FY25), Glomac recorded revenue of RM238.3 million, supported by steady construction progress at its ongoing developments, including Saujana Perdana, Lakeside Residences and contributions from two high-rise residential projects, namely 121 Residences and Plaza@Kelana Jaya. PBT was higher at RM33.4 million from RM32.9 million in FY24, driven by stronger margins from higher-value developments, gains from disposal of investment properties, and lower finance cost. During the year, Glomac successfully completed and handed over several projects, including 121 Residences, with an estimated GDV of RM334 million. Glomac kept a healthy financial position, with near zero net gearing and shareholders' equity of RM1,200.9 million. As of end-April 2025, group held cash and deposits totalling RM235.7 million, providing ample liquidity to fund ongoing development and landbanking activities. Glomac's net asset value per share stood at RM1.56, translating to a price-to-book ratio of approximately 0.20 times. During the fourth quarter, Glomac rolled out new residential phases across its thriving township developments. Key launches included semi-detached houses at KEYS, Lakeside Residences, double-storey terrace houses at Allamanda, Saujana KLIA as well as Alamanda, Saujana Jaya, Kulai Johor. Notably, all 112 units of double-storey terrace houses at Serai@SBCR, Bandar Saujana Utama, launched in Q1'5, were fully sold in Q4'25. Glomac achieved new sales of RM332 million for the full year. Looking ahead to FY26, Glomac is planning new launches with a total estimated GDV of RM324 million, comprising entirely of landed residential properties. Key upcoming launches include two new phases of double-storey terrace houses at Serai@SBCR and a new phase of semi-detached homes at KEYS, Lakeside Residences. Glomac has also strengthened its capital structure via its Sukuk Wakalah Programme, providing a funding capacity of up to RM3 billion.
Yahoo
29-05-2025
- Business
- Yahoo
Keysight Technologies, Inc. (KEYS): A Bull Case Theory
We came across a bullish thesis on Keysight Technologies, Inc. (KEYS) on Best Anchor Stocks' Substack. In this article, we will summarize the bulls' thesis on KEYS. Keysight Technologies, Inc. (KEYS)'s share was trading at $161.74 as of 22nd May. KEYS's trailing and forward P/E were 37.97 and 23.09 respectively according to Yahoo Finance. A team of engineers analyzing electronic components in a modern laboratory. Keysight Technologies delivered a standout quarter, outperforming expectations despite macroeconomic headwinds and customer CapEx volatility. Unlike many firms, Keysight benefits from exposure to strategic rather than discretionary CapEx, allowing it to defy typical cyclicality. This quarter marked the second consecutive quarter of growth, confirming the recovery is well underway. Strength was broad-based, with both its Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG) growing—EISG's first revenue increase after six quarters of declines. While gross margins contracted due to a $7 million tariff impact and an unfavorable sales mix—software sales dropped as a share of revenue—operating leverage was robust, with GAAP operating income rising 17% on 7% revenue growth. The gross margin dip was purely optical, as the revenue mix naturally shifts during cyclical recoveries. GAAP net income and cash flows were boosted by non-recurring items including a $112 million other income gain and a $60 million hedging windfall from the Spirent acquisition, which are not expected to recur. Management raised full-year revenue growth guidance from 5% to 6%, with EPS growth exceeding 10%, even with tariffs—an impressive feat given Keysight's long-standing guidance conservatism. Future upside exists from the Spirent and Ansys/Synopsys acquisitions, expected to enhance gross margins and expand software exposure. Though share repurchases may slow due to acquisitions, the company's strong cash generation supports ongoing buybacks. Tariffs remain a concern but are manageable due to a diversified supply chain. Meanwhile, strength in the European defense sector offers another tailwind. Overall, Keysight remains a compelling investment with strong execution, resilient demand, and attractive long-term prospects. Keysight Technologies, Inc. (KEYS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held KEYS at the end of the fourth quarter which was 36 in the previous quarter. While we acknowledge the risk and potential of KEYS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than KEYS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
23-05-2025
- Business
- Malaysian Reserve
Breaking Barriers, Inspiring, Action: Employ Prince George's (EPG) Youth Services Continues to Tackle Prevalent Issues Faced by Prince Georges County Youth with Fourth Career Takeover Community Event
LARGO, Md., May 23, 2025 /PRNewswire/ — Yesterday, on May 22, hundreds of youths and young adults from Prince George's County gathered at the Southern Regional Technology & Recreation Complex for the Career Takeover: Level Up Your Future. The end-of-school-year career event is an initiative that aims to eliminate barriers for in-school youth, recent graduates, and job seekers by offering a diverse array of career opportunities and resources. Hosted by Prince George's County's own multi-talented, Autumn Joi Live, and energized by the latest sounds from celebrity DJ Little Bacon Bear, Career Takeover shattered the traditional job fair mold! With over 20 employers and resource partners, young residents were immersed in interactive displays, live demos, and hands-on activities designed to inspire and activate. In collaboration with industry leaders and community organizations, the event also tackled real issues like mental health, PTSD, and educational setbacks—creating a space where opportunity meets support. A highlight of the day was an address by District 8 County Council Member Edward Burroughs III, who offered words of encouragement as participants started on their career journeys. Jennifer Ricks, Employ Prince George's, Director, Youth Services at Employ Prince George's, expressed gratitude, stating, 'Our Youth Career Connections (YCC) and Knowledge Equals Youth Success (KEYS) team, along with career coaches, played a pivotal role in making this event impactful by providing support to the youth every step of the way.' Among the attendees was Donnell Dorsey, a 19-year-old recent graduate from Oxon Hill High School, who attended in his graduation regalia an hour after receiving his diploma, eager to explore opportunities. Brittany Glover, Employ Prince George's, Manager, Youth Services, commended Dorsey's dedication, emphasizing, 'We're thrilled you joined us right after your graduation. Employers here are eager to hire individuals like you, and KEYS is dedicated to assisting youth aged 18-24 in achieving credentials, securing job placements, and enhancing career readiness.' We applaud our YCC's Street team for attending this week's PGCPS graduations to get the word out about this event to graduation attendees. Ricks, continued to express, 'EPG is dedicated to breaking barriers for the Prince George's County youth. It empowers them to lead the way in their personal journeys, providing essential support. With 50 career coaches for middle and high school students, we aim to prepare and empower youth for graduation and beyond, offering guidance and incentives to help young adults enhance their skills and knowledge. Our mission is to ensure that the youth of Prince George's County are aware of the resources available to them, fostering a path to success.' Employ Prince George's Youth Services continues to make a significant impact on the youth and young adults in Prince George's County through their fourth successful Career Takeover event. The increased community support, growing youth interest, and tangible evidence of positive outcomes reflect the dedication and effectiveness of EPG in addressing the challenges faced by the county's youth. For event footage, visit The Youth Career Connections (YCC) program equips students from 6th grade through undergraduate studies with vital skills and knowledge to excel in their chosen career paths. By offering career readiness seminars covering resume building, interview techniques, workplace etiquette, and more, YCC ensures students are prepared for success. Participants also benefit from career exploration, soft skills development, real-world exposure, paid work experience, access to career fairs, and employment opportunities, all aimed at fostering their professional growth. The Knowledge Equals Youth Success (KEYS) program empowers young adults aged 18-24 with essential resources for competitiveness in today's job market. From skills assessments to career coaching, job readiness training, and supportive services like mentorship and career coaching, KEYS offers a comprehensive support system. If you're a graduating high school senior or a young adult seeking opportunities, explore what YCC and KEYS have to offer at to kickstart your career journey today! About Employ Prince George's: Employ Prince George's (EPG) provides workforce intelligence and solutions for the job seeker and business. EPG's mission is to contribute to the economic vitality of Prince George's County by providing a demand-driven system that delivers qualified workers to business and provides job seekers with opportunities for careers in high-demand/high-growth industries. For more information, please visit About Prince George's County American Job Center Community Network: The Prince George's County American Job Center Community Network is a collaborative network operated by Employ Prince George's, connecting jobseekers to training and employment opportunities across Prince George's County, Maryland. Leveraging the core principle of PARTNERSHIP, the network combines government funding with community resources to provide high-quality career services, education, and training to empower individuals in the county.
Yahoo
23-05-2025
- Business
- Yahoo
Breaking Barriers, Inspiring, Action: Employ Prince George's (EPG) Youth Services Continues to Tackle Prevalent Issues Faced by Prince Georges County Youth with Fourth Career Takeover Community Event
LARGO, Md., May 23, 2025 /PRNewswire/ -- Yesterday, on May 22, hundreds of youths and young adults from Prince George's County gathered at the Southern Regional Technology & Recreation Complex for the Career Takeover: Level Up Your Future. The end-of-school-year career event is an initiative that aims to eliminate barriers for in-school youth, recent graduates, and job seekers by offering a diverse array of career opportunities and resources. Hosted by Prince George's County's own multi-talented, Autumn Joi Live, and energized by the latest sounds from celebrity DJ Little Bacon Bear, Career Takeover shattered the traditional job fair mold! With over 20 employers and resource partners, young residents were immersed in interactive displays, live demos, and hands-on activities designed to inspire and activate. In collaboration with industry leaders and community organizations, the event also tackled real issues like mental health, PTSD, and educational setbacks—creating a space where opportunity meets support. A highlight of the day was an address by District 8 County Council Member Edward Burroughs III, who offered words of encouragement as participants started on their career journeys. Jennifer Ricks, Employ Prince George's, Director, Youth Services at Employ Prince George's, expressed gratitude, stating, "Our Youth Career Connections (YCC) and Knowledge Equals Youth Success (KEYS) team, along with career coaches, played a pivotal role in making this event impactful by providing support to the youth every step of the way." Among the attendees was Donnell Dorsey, a 19-year-old recent graduate from Oxon Hill High School, who attended in his graduation regalia an hour after receiving his diploma, eager to explore opportunities. Brittany Glover, Employ Prince George's, Manager, Youth Services, commended Dorsey's dedication, emphasizing, "We're thrilled you joined us right after your graduation. Employers here are eager to hire individuals like you, and KEYS is dedicated to assisting youth aged 18-24 in achieving credentials, securing job placements, and enhancing career readiness." We applaud our YCC's Street team for attending this week's PGCPS graduations to get the word out about this event to graduation attendees. Ricks, continued to express, "EPG is dedicated to breaking barriers for the Prince George's County youth. It empowers them to lead the way in their personal journeys, providing essential support. With 50 career coaches for middle and high school students, we aim to prepare and empower youth for graduation and beyond, offering guidance and incentives to help young adults enhance their skills and knowledge. Our mission is to ensure that the youth of Prince George's County are aware of the resources available to them, fostering a path to success." Employ Prince George's Youth Services continues to make a significant impact on the youth and young adults in Prince George's County through their fourth successful Career Takeover event. The increased community support, growing youth interest, and tangible evidence of positive outcomes reflect the dedication and effectiveness of EPG in addressing the challenges faced by the county's youth. For event footage, visit The Youth Career Connections (YCC) program equips students from 6th grade through undergraduate studies with vital skills and knowledge to excel in their chosen career paths. By offering career readiness seminars covering resume building, interview techniques, workplace etiquette, and more, YCC ensures students are prepared for success. Participants also benefit from career exploration, soft skills development, real-world exposure, paid work experience, access to career fairs, and employment opportunities, all aimed at fostering their professional growth. The Knowledge Equals Youth Success (KEYS) program empowers young adults aged 18-24 with essential resources for competitiveness in today's job market. From skills assessments to career coaching, job readiness training, and supportive services like mentorship and career coaching, KEYS offers a comprehensive support system. If you're a graduating high school senior or a young adult seeking opportunities, explore what YCC and KEYS have to offer at to kickstart your career journey today! About Employ Prince George's: Employ Prince George's (EPG) provides workforce intelligence and solutions for the job seeker and business. EPG's mission is to contribute to the economic vitality of Prince George's County by providing a demand-driven system that delivers qualified workers to business and provides job seekers with opportunities for careers in high-demand/high-growth industries. For more information, please visit About Prince George's County American Job Center Community Network: The Prince George's County American Job Center Community Network is a collaborative network operated by Employ Prince George's, connecting jobseekers to training and employment opportunities across Prince George's County, Maryland. Leveraging the core principle of PARTNERSHIP, the network combines government funding with community resources to provide high-quality career services, education, and training to empower individuals in the county. 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