COO’s Uniform Adjusted EPS’ is not growing as fast as traditional metrics suggest, and at current valuations that may be reason for concern

• COO’s profitability is materially distorted by accounting for R&D and long-lived assets

• As such, their UAFRS EPS’ is expected to only grow by 12% this year, not 38%

• After making the appropriate UAFRS adjustments, COO is trading at a 26.1x Uniform P/E, which implies a PEG ratio of 2.75x, indicating longer-term underperformance may be justified

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Submitted June 15, 2017 at 09:23PM by Valens_Research http://ift.tt/2rx5Dwc