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Many of these companies are structured as master limited partnerships (MLPs), which pass through their profits to their unitholders and as such don't pay corporate taxes. This portion is tax deferred until the stock is sold and reduces the owner's cost basis. This is a nice benefit, although it does add some paperwork come tax time.
Since its spinoff in 2011, Motorola has more than doubled the total returns of the S&P 500 index , consistently finding new highs time and time again. First, while Motorola's yield has dipped to 1%, the company has more than quadrupled its quarterly payments since 2011, leading to an excellent 11% dividend growth rate over that time.
By and large, the companies structured as master limited partnerships (MLPs) have also eliminated their IDRs (incentive distribution rights), which essentially acted as a tax paid to their general partners every time they increased their distributions. multiple that midstream MLPs traded at between 2011 and 2016.
Low historic industry valuations Between 2011 to 2016, midstream companies on average traded at an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple of over 13.5
Earnings before interest, taxes, depreciation, and amortization ( EBITDA ) are up 13% over the same time frame. The company has increased its quarterly payout a stunning 470% since its dividend program began in 2011. That's making GAAP earnings look lousy despite strong underlying growth. at recent prices.
< Situated in the right basins, MPLX looks in good shape to continue growing its distributions, while its forward enterprise value (EV) -to-EBITDA (earnings before interest, taxes, depreciation, and amortization) valuation of 9.6 times multiple the sector traded at between 2011 to 2016.
million in EBITDA (earnings before interest, taxes, depreciation, and amortization) a year. EV/EBITDA multiple between 2011 and 2016, so the industry as a whole has seen its multiple come down. This means that the projects would pay for themselves in about eight years. billion in 2024 to about $17.4
According to The International Energy Agency, the average range of EVs in 2021 was around 217 miles, up significantly from 2011, when the average range was 86 miles. To compete with traditional internal combustion engines, EVs must have a range of at least 300 miles, QuantumScape tells investors in its annual report. billion in 2028.
There's also Microsoft's quarterly dividend, which the company has been paying consistently since 2004 and has raised every year since 2011. These AI-related services, including its AI-powered digital assistant -- Copilot -- could generate incremental revenue of $143 billion by 2027, according to analysts at Evercore ISS.
Apple continued growing after Steve Jobs' death in 2011, and it expanded its ecosystem of subscription-based services while rolling out fresh products like the Apple Watch, AirPods, HomePod, and Vision Pro. But this year, Apple might be due for a breather as its iPhone sales slow down.
That means its annual deliveries are on track to shrink for the first time since it launched the flagship Model S in 2011 -- even though the company has drastically slashed prices over the past year to boost demand. Tesla delivered 1.29 million EVs in the first three quarters of 2024, which represented a drop of 2.3%
While similar, distributions include a return on capital that is untaxed until the units are typically sold, making them tax-deferred. However, investors do receive what is called a K-1 and must fill out some extra tax forms. EBITDA, meanwhile, excludes non-cash depreciation expenses that would otherwise be included with earnings.
Meanwhile, the company ended the first quarter with 3 times leverage, which it defines as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted interest, taxes, depreciation, and amortization ( EBITDA ). This has come down from the over 4 times leverage it was at in 2017.
Groupon stock is trading 97% below the split-adjusted all-time high it hit the day it went public in late 2011. It just announced that it would be pulling out of Italy as a result of a negative tax assessment ruling. Its trailing revenue of $511.9 Groupon may be shrinking in scope, but it's starting to pay off in terms of focus.
Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ), meanwhile, climbed 10% to nearly $2.4 plus multiple between 2011 and 2016 when the companies were generally in worse financial shape. For Q2, the Enterprise saw its total gross-operating margin increase nearly 11% to $2.4
These growth opportunities should lead to continued earnings before interest, taxes, depreciation, and amortization ( EBITDA ) and cash flow growth, which should also help lead to increased distributions in the coming years. billion and $3.5 billion, given the opportunities it is seeing. Image source: Getty Images.
Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) also rose 5% to nearly $2.44 This metric takes into consideration the debt the companies take on for these projects, while removing the non-cash depreciation costs that get spread across the life of these assets. billion, a 5% increase.
With a brief exception in 2018, this BDC has been able to maintain or raise its dividend payout since 2011. Over the past 12 months, this BDC's average borrower reported earnings before interest, taxes, depreciation, and amortization ( EBITDA) that was 1.6 PFLT Dividend data by YCharts. times their interest expenses.
That bodes well for Remitly, which was founded in 2011 but has grown rapidly. The company also flipped to a profit on an adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) basis with $10.5 In its most recent quarter, revenue rose 43% to $241.6 million and a 36% increase in send volume to $10.2
CrowdStrike can attest to this, as the company has been using AI to automate the cybersecurity process since it released its first platform in 2011. While artificial intelligence (AI) has recently become mainstream, it's far from a new technology. It essentially pioneered the pure AI-based solutions model.
Understanding SoFi's business SoFi, which is short for Social Finance, was founded at Stanford University in 2011. Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) turned positive in 2021 and increased at a CAGR of 279%, from $30 million to $432 million. Image source: Getty Images.
The layoffs now underway will likely lead to an earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss of between $55 million and negative $95 million for the quarter ending in March -- a maneuver that's expected to help boost the bottom line beginning in the second quarter.
This figure excludes $156 million of depreciation. Free cash flow as a percentage of revenue has declined from the same quarter a year ago, due to higher cash interest expense from debt related to the VMware acquisition, higher cash taxes due to a higher mix of U.S. Q4 operating income was $8.8 Adjusted EBITDA was $9.1
We drove strong wholesale GPU despite experiencing steep depreciation, and we stabilized CAF's net interest margins while we maintained penetration. We achieved this despite experiencing steep depreciation that was concentrated primarily in June and July. Wholesale gross profit per unit was $963, up from $881 a year ago.
But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. Reuters (2011). General government debt from OECD (2021).
But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. 5Reuters (2011). 3General government debt from OECD (2021).
It doesn't raise its payout nearly as regularly, but it has raised or maintained its dividend since it started paying one in 2011. It also focuses on smaller businesses that earn between $10 million and $50 million annually before interest, taxes, depreciation, and amortization ( EBITDA ). per share.
The difference between the two is tax-related, as distributions have a return of capital component that is tax-deferred. While it involves a little extra paperwork come tax time, this part of the distribution reduces an investment's cost basis and is not taxed until the stock is sold, which is a nice added bonus.
It's been able to raise or maintain its dividend payout every year since it started paying one in 2011. This BDC is focused on smaller middle-market businesses that earn between $10 million and $50 million annually before interest, taxes, depreciation, and amortization.
The Food and Drug Administration (FDA) first approved Optune, now called Optune Gio, for treating brain cancer in 2011. It was able to report positive adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) in the third quarter but is still losing money on a GAAP basis.
An early mover in the direct banking market SoFi, which is short for Social Finance, was founded in 2011. Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) turned positive in 2021 at $30 million, and that figure grew at a CAGR of 279% to $432 million in 2023.
Founded in 2011 as a platform intended to help consumers better manage student loans, SoFi has since evolved into so much more. Revenue and earnings before interest, taxes, depreciation, and amortization ( EBITDA ) have grown at a similarly fast clip as these customers sign up for additional products and services once on board.
The company is structured as a master limited partnership (MLP) , which is not taxed at the corporate level and thus passes through much of its income to investors in the form of distributions. Distributions are similar to dividends but are more favorably taxed. Where to invest $1,000 right now?
Given that most of these projects won't be complete until later 2025 or 2026, the increased capex should have a larger impact on the growth of earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2026 and 2027. between 2011 and 2016. Image source: Getty Images.
Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ), meanwhile, increased by 4% to nearly $2.6 that the average midstream master limited partnership (MLP) traded at between 2011 and 2016. that the average midstream master limited partnership (MLP) traded at between 2011 and 2016.
This gives the company solid visibility into future cash flows and EBITDA (earnings before interest, taxes, depreciation, and amortization), the two metrics by which midstream companies are most commonly evaluated. times EV/EBITDA multiple on average that midstream MLPs traded at between 2011 and 2016.
Specifically, it lends to core-midmarket businesses with between $10 million and $50 million in annual earnings before interest, taxes, depreciation, and amortization ( EBITDA ). PennantPark has maintained or raised its dividend payout since it started paying one in 2011. banks are increasingly hesitant to lend to.
In addition to these growth opportunities in front of it, Energy Transfer is cheap compared to its peers and from a historical level, trading at an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple of just 8.4 times between 2011 and 2016.
After my unsuccessful attempt in 2011, we succeeded in bringing Stephan aboard as chief strategy officer in 2023. These noncash net deferred income tax benefits are excluded from our adjusted results. favorable impact related to the noncash net deferred income tax benefit recognized in the quarter. The impact was immediate.
I would now like to turn the presentation over to your host for today's conference, Julie Kerekes, treasurer and senior managing director of global tax and investor relations. Julie Kerekes -- Senior Managing Director, Global Tax and Investor Relations Thank you, and good morning, everyone. Please proceed, Ms.
At the same time, it also has one of the cheapest stocks in the space, with it trading at an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple of just over 8 times. times that midstream master limited partnerships (MLPs) averaged between 2011 and 2016.
Phil has been a strong leader for our modular business since 2011, and he led our TRS business prior to that. The fourth quarter provision for income taxes was based on an effective tax rate of 25% compared to 26.7% His experience makes him ideal for the role. Interest expense was $8.9 million, a decrease of $3.3 a year earlier.
Midstream companies are typically valued using an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) metric. EBITDA, meanwhile, takes out non-cash depreciation expenses. times EV/EBITDA multiple between 2011 and 2016. times on 2025 analyst estimates.
track down Osama Bin Laden in 2011. While the company reports adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of $379.5 But even at the start of its public trading, Palantir was more hype than substance. This dynamic shows how much hype is built into Palantir's valuation.
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