Company Of The Day: Paramount Global
What?
Paramount Global (NYSE:PARA) stock rose by 15% over the last week, meaningfully outperforming the S&P 500 which was down almost 3%.
Why?
- Despite Skydance Drama Is Paramount Stock Still Cheap At $10?
- With Its Studio Business Much Sought After, What’s Next For Paramount?
- Paramount Stock Is Down 70% Since 2021. Will A Q3 Earnings Surprise Drive A Recovery For The Stock?
- At $13, Is Paramount Stock Deeply Undervalued?
- What’s Happening With Paramount Stock?
- Up 40% Over The Past Month, Paramount Stock Unlikely To Rally Further In The Near Term
The recent rally comes as Warren Buffett’s Berkshire Hathaway indicated in a securities filing that it has acquired a $2.6 billion stake in Paramount.
So What?
We think Paramount stock remains undervalued, trading at just about 13x consensus 2022 earnings, with revenue growth also likely to pick up versus historical levels. We value Paramount at about $43 per share, which is almost 30% ahead of the current market price.
See Our Complete Analysis For Paramount
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| PARA Return | 12% | 8% | -49% |
| S&P 500 Return | -6% | -18% | 74% |
| Trefis Multi-Strategy Portfolio | -5% | -21% | 209% |
[1] Month-to-date and year-to-date as of 5/23/2022
[2] Cumulative total returns since the end of 2016
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