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SYY’s profitability is materially distorted by accounting depreciation
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As such, their EPS’ is expected to grow by 16% next year, not 29%
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After making the appropriate UAFRS adjustments, SYY is trading at a 23.7x Uniform P/E, or a 2.0x PEG, suggesting EPS’ growth does not support currently aggressive valuations
Submitted May 31, 2017 at 09:15PM by Valens_Research http://ift.tt/2sfM2gZ
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