11-15-2017, 10:41 AM
My info shows the same of around an 11 PE.
A few things that stand out to me are the lower credit rating (BBB- vs. A+ and A), lower growth rate (7.3% vs. 16% and 17%) over the last 5 years, under-performance during the recession where earnings crashed compared with continued growth from MA and V, and lower growth forecasts of 8.25% vs. 16-17%.
I suppose a combo of all of that makes it less attractive to the market so it trades at a lower multiple.
A few things that stand out to me are the lower credit rating (BBB- vs. A+ and A), lower growth rate (7.3% vs. 16% and 17%) over the last 5 years, under-performance during the recession where earnings crashed compared with continued growth from MA and V, and lower growth forecasts of 8.25% vs. 16-17%.
I suppose a combo of all of that makes it less attractive to the market so it trades at a lower multiple.