What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Below is a list of notable value stocks in the basic materials sector:
- Teck Resources TECK - P/E: 4.44
- Cleveland-Cliffs CLF - P/E: 2.31
- Cemex CX - P/E: 6.63
- Freeport-McMoRan FCX - P/E: 8.82
- Koppers Hldgs KOP - P/E: 7.59
Teck Resources has reported Q2 earnings per share at $2.55, which has increased by 8.97% compared to Q1, which was 2.34. Most recently, the company reported a dividend yield of 1.45%, which has increased by 0.06% from last quarter's yield of 1.39%.
Most recently, Cleveland-Cliffs reported earnings per share at $1.31, whereas in Q1 earnings per share sat at $1.71. The company's most recent dividend yield sits at 3.25%, which has increased by 0.33% from 2.92% last quarter.
Most recently, Cemex reported earnings per share at $0.18, whereas in Q1 earnings per share sat at $0.13. Freeport-McMoRan's earnings per share for Q3 sits at $0.26, whereas in Q2, they were at 0.58. Its most recent dividend yield is at 2.02%, which has increased by 0.26% from 1.76% in the previous quarter.
Koppers Hldgs has reported Q2 earnings per share at $0.97, which has increased by 6.59% compared to Q1, which was 0.91. Its most recent dividend yield is at 0.83%, which has increased by 0.04% from 0.79% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.