David Einhorn (Trades, Portfolio) is president of Greenlight Capital (a value-oriented investment advisor). Through August 2006, Einhorn had achieved annual returns of 29% since starting Greenlight in May 1996.
Einhorn believes an investment approach emphasizing intrinsic value will achieve consistent absolute investment returns and safeguard capital regardless of market conditions. He is a noted activist investor, taking positions in companies, and then pushing management to implement changes.
Web Page : Green Light Capital
Einhorn’s portfolio is composed by 42 stocks and has a Total Value of $7,524 Mil. The main sector is Technology with a weight of 55.8% and Micron Technology Inc (MU) is the main stock with a weight of 14.5%.
According to Stocks with the Lowest P/E ratios in David Einhorn (Trades, Portfolio)’s Portfolio, Micron Technology Inc (MU), Voya Financial Inc (VOYA) and Consol Energy Inc (CNX) are the most weighted stocks with the lowest P/E ratio.
Micron Technology Inc is trading at P/E (ttm) Ratio of 9.60 near its all-time low of 3.54
The company has a market cap of $31,511M, and it manufactures and markets a range of DRAM, NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
The Peter Lynch Earnings line gives a fair value of $51 that means the stock is currently trading with a margin of safety of 34%.
The Discounted Cash Flow model gives a fair value of $45.58 and a current margin of safety of 36%.
Over the last 5 years the Revenue grew by 12%, EBITDA by 27% and the Book Value by 8.40%.
The Profitability and Growth ratio is 8/10 with a ROA of 17% at all-time highs, ROE of 36% at all-time highs, ROC of 33%
David Einhorn holds 2.9% of Outstanding Shares. Other Gurus holding shares of Micron Technology are PRIMECAP Management with 3.24%, Seth Klarman with 2.2% and Andreas Halvorsen (1.87%).
Voya Financial Inc is trading at P/E (ttm) Ratio of 4.80 near its all-time low of 4.24
The company has a market cap of $10,776M. It is a retirement, investment and insurance company. It offers products and services through financial intermediaries, producers, advisors and sales specialists throughout the United States
The Peter Lynch Earnings line gives a fair value of $63.7 that means the stock is currently trading with a margin of safety of 30%.
The Discounted Cash Flow model gives a fair value of $135 and a current margin of safety of 67%.
Over the last 12 months the Revenue grew by 25%, EBITDA declined by 1.40% and the Book Value grew by 29%.
The Profitability and Growth ratio is 5/10 with a ROA of 1.02% at all-time highs and a ROE of 15.80% at all-time highs.
David Einhorn holds 2.25% of Outstanding Shares. Other Gurus holding shares of VOYA are Richard Pzena with 3.4%, Larry Robbins with 1.58% and Richard Snow (1.10%).
Consol Energy Inc is trading at P/E (ttm) Ratio of 8.60 near its all-time low of 8.09
The company has a market cap of $6,975M. It is an energy company, operates two divisions, oil and gas exploration and production (E&P) and coal mining. The oil and gas exploration and production division is engaged in the production, gathering, processing and acquisition of natural gas properties in the Appalachian Basin (Pennsylvania, West Virginia, Virginia, Ohio and Tennessee). The coal division is engaged in the extraction and preparation of coal, also in the Appalachian Basin.
The Peter Lynch Earnings line gives a fair value of $21.3 that means the stock is currently overpriced of 46%.
The Discounted Cash Flow model gives a fair value of 10.77$ so it is overpriced of 190%
Over the last 12 months the Revenue grew by 70%, EBITDA by 32.80% and the Book Value grew by 32%.
Over the last 5 years the company had negative growth rates (Revenue -10%, EBITDA -11%). Just the Book Value grew, by 21%
The Profitability and Growth ratio is 4/10 with a ROA of 1.41% at all-time lows and a ROE of 3.17% at all-time highs.
David Einhorn holds 5.76% of Outstanding Shares. Other Gurus holding shares of CNX are Mason Hawkins with 14.23%, Brian Rogers with 2.69% and Mario Gabelli who is currently holding 0.51% of Outstanding Shares.
