Thai Bourse Looking to Improve Liquidity to Ease Stock Rout
'We are looking to enhance liquidity in the market and attract investors back through communication,' Asadej Kongsiri, the president of Stock Exchange of Thailand, said in a Bloomberg TV interview on Friday. However, 'a short selling ban is probably not on the table at the moment,' he added.
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Calculating The Intrinsic Value Of InterDigital, Inc. (NASDAQ:IDCC)
InterDigital's estimated fair value is US$251 based on 2 Stage Free Cash Flow to Equity InterDigital's US$225 share price indicates it is trading at similar levels as its fair value estimate Analyst price target for IDCC is US$220 which is 12% below our fair value estimate Today we will run through one way of estimating the intrinsic value of InterDigital, Inc. (NASDAQ:IDCC) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF ($, Millions) US$214.2m US$274.2m US$307.8m US$336.9m US$362.2m US$384.4m US$404.3m US$422.5m US$439.6m US$455.9m Growth Rate Estimate Source Analyst x3 Analyst x1 Est @ 12.26% Est @ 9.46% Est @ 7.51% Est @ 6.14% Est @ 5.18% Est @ 4.51% Est @ 4.04% Est @ 3.71% Present Value ($, Millions) Discounted @ 8.1% US$198 US$235 US$244 US$247 US$246 US$241 US$235 US$227 US$219 US$210 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$2.3b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.1%. Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = US$456m× (1 + 2.9%) ÷ (8.1%– 2.9%) = US$9.2b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$9.2b÷ ( 1 + 8.1%)10= US$4.2b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$6.5b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$225, the company appears about fair value at a 11% 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. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. 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 InterDigital 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 8.1%, which is based on a levered beta of 1.184. 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. See our latest analysis for InterDigital Strength Earnings growth over the past year exceeded the industry. Debt is not viewed as a risk. Dividends are covered by earnings and cash flows. Weakness Dividend is low compared to the top 25% of dividend payers in the Software market. Opportunity Good value based on P/E ratio and estimated fair value. Threat Annual earnings are forecast to decline for the next 3 years. Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For InterDigital, we've compiled three fundamental aspects you should further research: Risks: For instance, we've identified 2 warning signs for InterDigital that you should be aware of. Future Earnings: How does IDCC'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. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock 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
Yahoo
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ASSYSTEM: Half-year liquidity contract statement on June 30th, 2025
HALF-YEAR LIQUIDITY CONTRACT STATEMENT Paris, July 4th, 2025 Under the liquidity contract entered into between ASSYSTEM S.A. (ISIN: FR0000074148 - ASY) and Kepler Chevreux, the following resources appeared on the liquidity account on June 30th, 2025: - 11,441 shares- € 802,309.97 - Number of executions on buy side on semester: 2,444- Number of executions on sell side on semester: 2,323- Traded volume on buy side on semester: 80,317 shares for € 3,114,213.43- Traded volume on sell side on semester: 76,852 shares for € 2,992,189.41 As a reminder:• the following resources appeared on the last half year statement on December 31st, 2024 on the liquidity account: - 7,976 shares- € 918,245.93 - Number of executions on buy side on semester: 2,588- Number of executions on sell side on semester: 2,565- Traded volume on buy side on semester: 84,788 shares for € 3,802,873.09- Traded volume on sell side on semester: 80,214 shares for € 3,622,741.33 • the following resources appeared on the liquidity account when the activity started: - 22,970 shares- € 923,444.41 The liquidity agreement complies with AMF Decision n° 2021-01 dated on June 22nd, 2021, introducing liquidity agreements on equity securities as permitted market practice. ABOUT ASSYSTEM Assystem, one of the world's leading independent nuclear engineering companies, is committed to accelerating the energy transition. With more than 55 years of experience in highly regulated sectors with stringent safety and security constraints, the Group provides engineering and project management services as well as digital solutions and services to optimise the performance of complex infrastructure assets throughout their life cycle. In its 12 countries of operation, Assystem's 7,500 experts are supporting energy transition. To achieve an affordable low carbon energy supply, Assystem is committed to the development of low carbon electricity (nuclear, renewables and electricity grids) and clean hydrogen. The Group is also helping drive the use of low carbon electricity in industrial sectors such as transportation. Assystem forms part of the Euronext Tech Leaders, CAC Small, CAC Mid & Small, CAC Industrials, CAC All-Tradable and CAC All-Share indices. To find out more visit CONTACT Malène Korvin CFO Tél : +33 (0)1 41 25 29 00 Buy Side Sell Side Number of executions Number of shares Traded volume in EUR Number of executions Number of shares Traded volume in EUR Total 2,444 80,317 3,114,213.43 2,323 76,852 2,992,189.41 01/02/2025 17 550 25,074.50 - - - 01/03/2025 19 691 30,763.32 25 750 33,622.50 01/06/2025 19 521 23,273.07 2 52 2,324.40 01/07/2025 13 278 12,273.70 5 176 7,789.76 01/08/2025 30 710 30,956.00 16 576 25,205.76 01/09/2025 25 626 26,861.66 2 100 4,340.00 01/10/2025 21 689 29,158.48 14 486 20,810.52 01/13/2025 33 950 38,437.00 2 50 2,090.00 01/14/2025 40 1,025 39,708.50 25 559 21,918.39 01/15/2025 64 1,936 69,192.64 13 150 5,472.00 01/16/2025 7 300 10,890.00 58 1,575 58,243.50 01/17/2025 9 300 11,244.00 12 425 15,988.50 01/20/2025 36 1,250 46,300.00 26 858 31,891.86 01/21/2025 36 1,251 45,936.72 41 1,200 44,232.00 01/22/2025 28 699 25,478.55 14 520 19,000.80 01/23/2025 24 1,051 38,498.13 34 1,177 43,384.22 01/24/2025 20 799 29,003.70 20 775 28,256.50 01/27/2025 15 449 16,208.90 17 650 23,608.00 01/28/2025 3 100 3,690.00 13 450 16,740.00 01/29/2025 13 350 13,055.00 8 400 14,984.00 01/30/2025 22 602 22,671.32 22 800 30,288.00 01/31/2025 1 27 1,023.30 20 741 28,461.81 02/03/2025 24 724 27,497.52 20 600 22,998.00 02/04/2025 3 100 3,895.00 17 425 16,600.50 02/05/2025 21 750 29,205.00 3 150 5,895.00 02/06/2025 14 450 17,460.00 16 650 25,382.50 02/07/2025 21 700 27,734.00 30 1,025 40,907.75 02/10/2025 15 528 21,056.64 21 650 26,110.50 02/11/2025 14 372 14,686.56 6 200 7,920.00 02/12/2025 29 1,200 48,312.00 60 2,100 85,533.00 02/13/2025 1 50 2,110.00 20 864 36,659.52 02/14/2025 15 650 28,158.00 21 674 29,319.00 02/17/2025 17 700 29,820.00 10 350 15,015.00 02/18/2025 34 1,190 50,682.10 46 1,401 59,920.77 02/19/2025 55 1,800 74,934.00 6 200 8,626.00 02/20/2025 5 125 5,097.50 4 75 3,084.75 02/21/2025 9 350 14,276.50 7 274 11,255.92 02/24/2025 8 300 12,207.00 11 376 15,385.92 02/25/2025 22 600 24,114.00 10 350 14,175.00 02/26/2025 18 650 25,857.00 17 600 23,964.00 02/27/2025 19 600 23,538.00 6 300 11,856.00 02/28/2025 7 150 5,955.00 22 513 20,596.95 03/03/2025 48 1,700 69,428.00 34 1,403 58,140.32 03/04/2025 32 950 37,886.00 21 750 30,157.50 03/05/2025 6 200 8,110.00 27 1,044 42,501.24 03/06/2025 16 350 14,304.50 24 890 36,730.30 03/07/2025 35 1,200 49,500.00 19 707 29,333.43 03/10/2025 18 650 26,962.00 26 943 39,181.65 03/11/2025 36 1,000 40,970.00 11 400 16,624.00 03/12/2025 16 594 23,973.84 14 550 22,385.00 03/13/2025 16 450 17,865.00 2 50 2,010.00 03/14/2025 13 364 14,461.72 12 600 23,904.00 03/17/2025 22 622 24,892.44 27 900 36,153.00 03/18/2025 6 150 6,162.00 22 700 28,840.00 03/19/2025 54 2,161 82,809.52 34 1,138 44,564.08 03/20/2025 52 1,393 51,554.93 8 400 15,220.00 03/21/2025 14 458 16,268.16 1 50 1,800.00 03/24/2025 34 1,346 45,279.44 3 134 4,695.36 03/25/2025 12 384 12,506.88 12 350 11,480.00 03/26/2025 13 350 11,448.50 8 300 9,879.00 03/27/2025 17 570 18,268.50 20 629 20,322.99 03/28/2025 9 400 13,120.00 14 621 20,499.21 03/31/2025 20 650 20,852.00 5 188 6,063.00 04/01/2025 4 89 2,888.94 11 412 13,385.88 04/02/2025 8 211 6,836.40 32 650 21,515.00 04/03/2025 19 600 20,118.00 18 700 23,632.00 04/04/2025 37 1,400 46,102.00 13 600 20,046.00 04/07/2025 48 2,245 68,090.85 35 2,100 64,323.00 04/08/2025 1 50 1,590.00 30 1,150 37,731.50 04/09/2025 45 1,309 43,628.97 19 850 28,560.00 04/10/2025 14 600 20,298.00 42 776 26,671.12 04/11/2025 7 251 8,458.70 8 251 8,508.90 04/14/2025 31 1,000 33,980.00 31 799 27,357.76 04/15/2025 12 350 11,809.00 9 400 13,560.00 04/16/2025 6 300 10,149.00 15 650 22,282.00 04/17/2025 17 523 17,782.00 3 100 3,445.00 04/22/2025 16 626 20,889.62 20 600 20,100.00 04/23/2025 - - - 27 890 30,607.10 04/24/2025 12 400 13,844.00 6 300 10,485.00 04/25/2025 34 950 33,164.50 37 1,450 51,025.50 04/28/2025 5 150 5,410.50 18 550 19,992.50 04/29/2025 2 50 1,870.00 9 250 9,355.00 04/30/2025 17 650 24,635.00 20 750 28,507.50 05/02/2025 11 400 15,344.00 11 450 17,361.00 05/05/2025 4 200 7,790.00 15 500 19,530.00 05/06/2025 8 350 13,891.50 29 1,143 45,994.32 05/07/2025 14 462 18,493.86 7 250 10,020.00 05/08/2025 18 600 24,102.00 18 700 28,203.00 05/09/2025 21 520 21,018.40 22 541 21,932.14 05/12/2025 34 1,498 59,156.02 34 1,350 53,838.00 05/13/2025 22 650 26,143.00 15 559 22,594.78 05/14/2025 19 600 23,874.00 11 300 11,985.00 05/15/2025 28 735 29,230.95 29 850 33,898.00 05/16/2025 13 400 15,952.00 14 500 19,970.00 05/19/2025 15 381 15,137.13 6 250 9,950.00 05/20/2025 1 50 2,000.00 27 1,024 41,707.52 05/21/2025 21 550 22,731.50 20 383 15,875.35 05/22/2025 9 400 16,420.00 27 700 29,001.00 05/23/2025 20 950 39,387.00 24 700 29,155.00 05/26/2025 20 750 31,185.00 28 650 27,111.50 05/27/2025 19 800 32,512.00 40 1,050 43,312.50 05/28/2025 11 328 13,667.76 6 250 10,445.00 05/29/2025 16 452 18,970.44 23 551 23,158.53 05/30/2025 14 370 15,469.70 10 266 11,166.68 06/02/2025 19 700 28,588.00 - - - 06/03/2025 14 359 14,736.95 27 883 36,503.22 06/04/2025 6 91 3,771.95 8 203 8,515.85 06/05/2025 28 905 38,218.15 40 1,297 55,381.90 06/06/2025 68 2,335 96,412.15 18 690 28,628.10 06/09/2025 29 868 35,188.72 12 470 19,138.40 06/10/2025 15 435 17,587.05 16 287 11,657.94 06/11/2025 16 662 26,837.48 28 885 36,019.50 06/12/2025 15 600 24,474.00 26 699 28,659.00 06/13/2025 24 800 32,688.00 26 816 33,415.20 06/16/2025 18 550 23,045.00 29 833 34,961.01 06/17/2025 27 1,000 42,080.00 34 1,150 48,599.00 06/18/2025 20 737 30,651.83 2 100 4,180.00 06/19/2025 15 413 16,842.14 2 51 2,091.51 06/20/2025 30 611 24,831.04 22 751 30,625.78 06/23/2025 18 460 18,694.40 15 401 16,336.74 06/24/2025 22 800 32,584.00 24 729 29,794.23 06/25/2025 18 532 21,700.28 17 519 21,284.19 06/26/2025 15 516 20,923.80 21 550 22,429.00 06/27/2025 5 135 5,547.15 32 877 36,483.20 06/30/2025 14 523 21,871.86 19 472 19,842.88 Attachment PR Half-year liquidity contract statement 04.07.2025Error 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
Yahoo
an hour ago
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Why Jabil (JBL) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks. Headquartered in St. Petersburg, FL, Jabil, Inc. is one of the largest global suppliers of electronic manufacturing services. The company offers electronics design, production, product management and after-market services to customers in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage and telecommunications industries. JBL boasts a Value Style Score of B and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Jabil are trading at a forward earnings multiple of 24.2X , as well as a PEG Ratio of 1.5, a Price/Cash Flow ratio of 14.6X, and a Price/Sales ratio of 0.9X. Many value investors pay close attention to a company's earnings as well. For JBL, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.43 to $9.36 per share for 2025. JBL boasts an average earnings surprise of 6.7%. With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding JBL to their portfolios. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jabil, Inc. (JBL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
