Uniform Accounting highlights CCK’s Adjusted EPS is going to decline, not grow, and valuations are not as cheap as it appears using as-reported metrics

• CCK’s traditional EPS is materially distorted by the accounting for operating leases and R&D

• After making the appropriate UAFRS adjustments, EPS’ growth has been weak, and EPS’ is actually expected to decline next year, not grow

• Traditional metrics materially understate valuations relative to the earnings of the firm, and CCK is more expensive than investors may realize

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Submitted April 25, 2017 at 09:41PM by Valens_Research http://ift.tt/2q5ajb5