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As of Jul23, PGIM Short Duration High Yield Opportunities's earnings power value is $-4.97. *
* GuruFocus does not store EPV value into our database if Average Maintenance CAPEX is 0.
Margin of Safety is N/A.
The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future. Assumption: Current profitability is sustainable.
The historical data trend for PGIM Short Duration High Yield Opportunities's Earnings Power Value (EPV) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PGIM Short Duration High Yield Opportunities Annual Data | |||||||
Trend | Jul21 | Jul22 | Jul23 | ||||
Earnings Power Value (EPV) | - | - | - |
PGIM Short Duration High Yield Opportunities Semi-Annual Data | ||||||||
Jul21 | Jan22 | Jul22 | Jan23 | Jul23 | Jan24 | |||
Earnings Power Value (EPV) | Get a 7-Day Free Trial | - | - | - | - | - |
For the Asset Management subindustry, PGIM Short Duration High Yield Opportunities's Earnings Power Value (EPV), along with its competitors' market caps and Earnings Power Value (EPV) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, PGIM Short Duration High Yield Opportunities's Earnings Power Value (EPV) distribution charts can be found below:
* The bar in red indicates where PGIM Short Duration High Yield Opportunities's Earnings Power Value (EPV) falls into.
Earnings Power Value also known as just Earnings Power is a valuation technique popularised by Bruce Greenwald, an authority on value investing at Columbia University. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future.
The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. This valuation tool excludes the potential growth that a company may have so that needs to be looked at separately. Since future growth is excluded from the analysis, only the maintenance capital expenditures are subtracted from after-tax EBIT (earnings before interest and taxes) and growth capex is ignored.
PGIM Short Duration High Yield Opportunities (NYSE:SDHY) Earnings Power Value (EPV) Explanation
Assumption: Current profitability is sustainable.
Earnings power value (EPV) uses a very basic equation which assumes no growth, although it does rely on an assumption about the cost of capital as well as the fact that current earnings are sustainable. It also involves several adjustments to clean up the underlying Earnings figures.
Be Aware
Though using today's earnings in calculating Earnings Power Value, GuruFocus is normalizing these earnings to the business cycle. This eliminates the effects on profitability of valuing the firm at different points in the business cycle. This means that we are considering the average earnings over 5 years.
Thank you for viewing the detailed overview of PGIM Short Duration High Yield Opportunities's Earnings Power Value (EPV) provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Cignarella | other: Portfolio Manager | 100 MULBERRY STREET, NEWARK NJ 07102 |
Barry H Evans | director | C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102 |
Andrew Donohue | officer: Chief Compliance Officer | 655 BROAD STREET, NEWARK NJ 07102 |
Brian J Lalli | other: Portfolio Manager | 655 BROAD STREET, NEWARK NJ 07102 |
Robert Mccormack | officer: Assistant Treasurer | 655 BROAD ST., NEWARK NJ 07102 |
Michael Lillard | other: Head of PGIM Fixed Income/CIO | 655 BROAD STREET, NEWARK NJ 07102 |
Isabelle Sajous | officer: Chief Compliance Officer | 655 BROAD ST., NEWARK NJ 07102 |
Michael Joseph Gormally | other: Portfolio Manager | 655 BROAD STREET, NEWARK NJ 07102 |
Daniel T Thorogood | other: Portfolio Manager | PGIM, INC., 655 BROAD STREET, NEWARK NJ 07102 |
Gregory J Peters | other: Co-Chief Investment Officer | 655 BROAD STREET, NEWARK NJ 07102 |
Craig C Dewling | other: Co-Chief Investment Officer | 655 BROAD STREET, NEWARK NJ 07102 |
Debra Rubano | officer: Assistant Secretary | 655 BROAD STREET, PRUDENTIAL TOWER SOUTH, NEWARK NJ 07102 |
Brian Clapp | other: Portfolio Manager | 100 MULBERRY STREET, NEWARK NJ 07102 |
Richard Greenwood | other: Investment Professional | 2 GATEWAY CENTER, NEWARK NJ 07102 |
Robert Spano | other: Portfolio Manager | 2 GATEWAY CENTER, NEWARK NJ 07102 |
From GuruFocus
By GuruFocus Research • 12-25-2023
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