price to sales ratio
HONDA MOTOR CO. LTD. ADRs $35 (New York symbol HMC; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.8 billion; Market cap: $63.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.honda.com) is spending $61 million to increase capacity at its plant in Tapukara, India, by 50%, to 180,000 cars a year. The company expects to complete these upgrades in 2016. Honda’s other Indian facility makes 120,000 cars a year.
The extra capacity will help Honda take advantage of rising car demand in the country: in the 11 months ended February 28, 2015, it sold 166,366 cars in India, up 43.5% from the same period a year earlier.
At the same time, Honda plans to produce 39% more motorcycles in India by 2016. This expansion will cost the company $94.3 million.
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The extra capacity will help Honda take advantage of rising car demand in the country: in the 11 months ended February 28, 2015, it sold 166,366 cars in India, up 43.5% from the same period a year earlier.
At the same time, Honda plans to produce 39% more motorcycles in India by 2016. This expansion will cost the company $94.3 million.
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APACHE CORP. $68 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 376.9 million; Market cap: $25.6 billion; Price-to-sales ratio: 1.9; Dividend yield: 1.5%; TSINetwork Rating: Average; www.apachecorp.com) is selling its remaining Australian oil and natural gas properties to a group of private investors for $2.1 billion. It held on to its 49% stake in Australian fertilizer maker Yara Pilbara.
As well, the company has now sold its interests in two large liquefied natural gas developments: a 13% stake in Australia’s Wheatstone project and 50% of a proposed terminal in Kitimat, B.C. It received a total of $3.67 billion in return.
The sales are part of Apache’s plan to focus on its less risky onshore operations in North America.
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As well, the company has now sold its interests in two large liquefied natural gas developments: a 13% stake in Australia’s Wheatstone project and 50% of a proposed terminal in Kitimat, B.C. It received a total of $3.67 billion in return.
The sales are part of Apache’s plan to focus on its less risky onshore operations in North America.
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CHEVRON CORP. $110 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $209.0 billion; Price-to-sales ratio: 1.1; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www. chevron.com) recently sold its 50% stake in Caltex Australia, which owns an oil refinery and 1,800 gas stations in Australia, for $3.6 billion.
The deal is part of Chevron’s plan to sell $15 billion worth of nonessential businesses by 2017. Even with these sales, the company’s oil output will probably average 3.1 million barrels a day in 2017, up 20.6% from 2.57 million in 2014.
That’s mainly because Chevron still plans to start up two big offshore gas projects: the Gorgon field, off Australia’s northwest coast (47.3% owned by Chevron) and the nearby Wheatstone field (64.14%-owned). Each will also have a plant to convert the gas into a liquid for shipment to clients in Asia.
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The deal is part of Chevron’s plan to sell $15 billion worth of nonessential businesses by 2017. Even with these sales, the company’s oil output will probably average 3.1 million barrels a day in 2017, up 20.6% from 2.57 million in 2014.
That’s mainly because Chevron still plans to start up two big offshore gas projects: the Gorgon field, off Australia’s northwest coast (47.3% owned by Chevron) and the nearby Wheatstone field (64.14%-owned). Each will also have a plant to convert the gas into a liquid for shipment to clients in Asia.
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NCR CORP. $30 (New York symbol NCR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 168.6 million; Market cap: $5.1 billion; Price-to-sales ratio: 0.8; No dividends paid; TSINetwork Rating: Average; www.ncr.com) gets 54% of its revenue from automated teller machines (ATMs). It also makes cash registers and self-serve checkouts (31% of revenue) and kiosks for theatres and arenas (10%). The remaining 5% comes from maintaining this equipment.
NCR is cutting its reliance on ATMs by purchasing other companies. In February 2013, it paid $788 million for Israel-based Retalix, whose software helps retailers manage their sales and track inventory. Companies with a combined 70,000 locations in over 50 countries use Retalix’s products.
In January 2014, NCR acquired Digital Insight, whose software helps over 1,000 banks and credit unions manage online and mobile transactions, for $1.65 billion.
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NCR is cutting its reliance on ATMs by purchasing other companies. In February 2013, it paid $788 million for Israel-based Retalix, whose software helps retailers manage their sales and track inventory. Companies with a combined 70,000 locations in over 50 countries use Retalix’s products.
In January 2014, NCR acquired Digital Insight, whose software helps over 1,000 banks and credit unions manage online and mobile transactions, for $1.65 billion.
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GOOGLE INC. (Nasdaq symbols GOOG $539 [class C non-voting] and GOOGL $549 [class A voting]); Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 680.6 million; Market cap: $366.8 billion; Price-to-sales ratio: 5.5; No dividends paid; TSINetwork Rating: Above Average; www.google.com) may launch a paid version of its popular YouTube video-streaming website later this year. By paying a monthly fee, viewers would be able to watch videos without advertising. That would help YouTube compete with other streaming services, including Netflix and Hulu, and cut its reliance on selling ads.
The company would have to share most of these subscription fees with content providers. Still, a subscription service could generate $2 billion of additional revenue a year for Google; the company’s total revenue was $66.0 billion in 2014.
Shareholders should continue to hold their class A shares, but we recommend the cheaper class C stock for new buying.
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The company would have to share most of these subscription fees with content providers. Still, a subscription service could generate $2 billion of additional revenue a year for Google; the company’s total revenue was $66.0 billion in 2014.
Shareholders should continue to hold their class A shares, but we recommend the cheaper class C stock for new buying.
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NVIDIA CORP. $22 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 549.8 million; Market cap: $12.1 billion; Price-to-sales ratio: 2.6; Dividend yield: 1.5%; TSINetwork Rating: Average; www.nvidia.com) is a leading designer of 3D-capable video chips, which make video games run more smoothly and appear more lifelike. The company outsources most of its production to Asian chipmakers.
In its 2015 fiscal year, which ended January 25, 2015, Nvidia’s revenue rose 13.3%, to a record $4.7 billion from $4.1 billion in 2014.
Earnings jumped 36.1%, to $801.0 million from $588.4 million. The company spent $813.6 million on share buybacks in the past year. As a result, its earnings per share rose 43.4%, to $1.42 from $0.99.
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In its 2015 fiscal year, which ended January 25, 2015, Nvidia’s revenue rose 13.3%, to a record $4.7 billion from $4.1 billion in 2014.
Earnings jumped 36.1%, to $801.0 million from $588.4 million. The company spent $813.6 million on share buybacks in the past year. As a result, its earnings per share rose 43.4%, to $1.42 from $0.99.
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ADOBE SYSTEMS INC. $76 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 500.3 million; Market cap: $38.0 billion; Price-to-sales ratio: 8.8; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software for publishing companies and website developers.
The company’s main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of desktop publishing and photo editing programs, including Photoshop.
In its fiscal 2015 first quarter, which ended February 27, 2015, Adobe earned $0.44 a share, up 46.7% from $0.30 a year earlier. Revenue rose 10.9%, to $1.11 billion from $1.00 billion. The company spends a high 20% of its revenue on research.
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The company’s main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of desktop publishing and photo editing programs, including Photoshop.
In its fiscal 2015 first quarter, which ended February 27, 2015, Adobe earned $0.44 a share, up 46.7% from $0.30 a year earlier. Revenue rose 10.9%, to $1.11 billion from $1.00 billion. The company spends a high 20% of its revenue on research.
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APPLE INC. $129 (Nasdaq symbol AAPL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.8 billion; Market cap: $748.2 billion; Price-to-sales ratio: 3.7; Dividend yield: 1.5%; TSINetwork Rating: Average; www.apple.com) aims to cut its reliance on the iPhone smartphone, which supplies nearly 70% of its revenue, with several new products.
One example is its recently launched Apple Pay service, which lets users add their credit card information to their phones. They can then use them to make purchases at any tap-and-pay-enabled cash register and, in some cases, online. To prevent fraud, the phone will confirm the user’s identity by scanning their fingerprint.
So far, Apple Pay is only available in the U.S., but local banking rules could make it hard to bring the service to other countries. That could force the company to form alliances with foreign banks, payment processors and wireless carriers.
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One example is its recently launched Apple Pay service, which lets users add their credit card information to their phones. They can then use them to make purchases at any tap-and-pay-enabled cash register and, in some cases, online. To prevent fraud, the phone will confirm the user’s identity by scanning their fingerprint.
So far, Apple Pay is only available in the U.S., but local banking rules could make it hard to bring the service to other countries. That could force the company to form alliances with foreign banks, payment processors and wireless carriers.
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GANNETT CO., INC. $35 (New York symbol GCI; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 227.8 million; Market cap: $8.0 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.3%; TSINetwork Rating: Average; www.gannett.com) publishes newspapers in the U.S. and U.K., including USAToday, its flagship paper. The company also owns 46 TV stations and websites that attract over 39 million unique visitors a month.
In the three months ended March 29, 2015, Gannett’s revenue rose 4.9%, to $1.5 billion from $1.4 billion a year earlier. Strong gains at the broadcasting and digital divisions (49% of the total) offset an 8.8% decline at the publishing businesses (51%) due to weak ad revenue. Earnings improved 4.3%, to $0.49 a share from $0.47.
The company still plans to spin off its publishing operations as a separate firm that will keep the Gannett name. The remaining company, called Tegna (New York symbol TGNA), will own the broadcast and Internet businesses.
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In the three months ended March 29, 2015, Gannett’s revenue rose 4.9%, to $1.5 billion from $1.4 billion a year earlier. Strong gains at the broadcasting and digital divisions (49% of the total) offset an 8.8% decline at the publishing businesses (51%) due to weak ad revenue. Earnings improved 4.3%, to $0.49 a share from $0.47.
The company still plans to spin off its publishing operations as a separate firm that will keep the Gannett name. The remaining company, called Tegna (New York symbol TGNA), will own the broadcast and Internet businesses.
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INTERNATIONAL BUSINESS MACHINES CORP. $165 (New York symbol IBM, Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 985.0 million; Market cap: $162.5 billion; Price-to-sales ratio: 1.8; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.ibm.com) traces its history back to 1911. Today, it’s one of the world’s largest computer companies, with operations in over 175 countries. In the past few years, IBM has moved away from making computers to designing entire systems and managing them for businesses and government agencies. It provides these services under long-term contracts, which gives it predictable revenue streams. In 2014, computer services supplied 59% of the company’s revenue.
Meanwhile, IBM continues to build up its software business, which supplied 28% of its 2014 revenue.
Last year, the company sold its low-end server business to China’s Lenovo Group for $2.1 billion in cash and Lenovo shares.
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Meanwhile, IBM continues to build up its software business, which supplied 28% of its 2014 revenue.
Last year, the company sold its low-end server business to China’s Lenovo Group for $2.1 billion in cash and Lenovo shares.
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