Bloomberg Activism Campaign预测。比较重要的Factor是:
Governance
• Director support, say-on-pay support
• Percent of non-executive directors on 3+ boards
• Board size vs. similar size (market cap) companies • Poison pill, staggered board
Operations
• Net cash as percent of market cap, net debt/EBITDA, assets to equity
• Return on equity, return on invested capital, Economic Value Added (EVA)
• Earnings per share (EPS) growth, sales growth, employee growth
• Gross margin, operating margin
• Capital expenditures/sales, working capital/sales, cash conversion cycle
• Dividend, dividend payout, total payout ratio
Ownership
• Hedge fund ownership, short interest • Insider ownership
Returns
• Returns vs. peers over various timeframes
• Relative Strength Index (RSI), volatility
Valuation
• Number of analyst ratings, average analyst rating
• Free cash flow yields (levered and unlevered), EV/EBIT
https://assets.bbhub.io/professional/sites/10/Bloomberg-Activism-Screening-Model.pdf
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Governance
• Director support, say-on-pay support
• Percent of non-executive directors on 3+ boards
• Board size vs. similar size (market cap) companies • Poison pill, staggered board
Operations
• Net cash as percent of market cap, net debt/EBITDA, assets to equity
• Return on equity, return on invested capital, Economic Value Added (EVA)
• Earnings per share (EPS) growth, sales growth, employee growth
• Gross margin, operating margin
• Capital expenditures/sales, working capital/sales, cash conversion cycle
• Dividend, dividend payout, total payout ratio
Ownership
• Hedge fund ownership, short interest • Insider ownership
Returns
• Returns vs. peers over various timeframes
• Relative Strength Index (RSI), volatility
Valuation
• Number of analyst ratings, average analyst rating
• Free cash flow yields (levered and unlevered), EV/EBIT
https://assets.bbhub.io/professional/sites/10/Bloomberg-Activism-Screening-Model.pdf
#stocktalk