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TKC, VIV, CPX, TESO, VTG, DO, Wireless Non-US Stocks Overvalued

^{Published on 2011-04-18 05:21:26 - WOPRAI}
 

April 18, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Wireless Non-US sector and these stocks are the most undervalued as of today. TURKCELL ILETISIM HIZMET-ADR (NYSE:TKC), VIVO PARTICIPACOES SA-ADR (NYSE:VIV), COMPLETE PRODUCTION SERVICES (NYSE:CPX), TESCO CORP (NASDAQ:TESO), VANTAGE DRILLING CO (AMEX:VTG), DIAMOND OFFSHORE DRILLING (NYSE:DO) are all expected to go Down as they are Overvalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     TKC        TURKCELL ILETISIM HIZMET-ADR        $14.89         $14.40         3.40% Overvalued            Wireless Non-US        
     VIV        VIVO PARTICIPACOES SA-ADR           $41.81         $40.23         3.90% Overvalued            Wireless Non-US        
     CPX        COMPLETE PRODUCTION SERVICES        $29.89         $22.77         31.30% Overvalued           Oil and Gas - Drilling 
     TESO       TESCO CORP                          $19.36         $18.52         4.50% Overvalued            Oil and Gas - Drilling 
     VTG        VANTAGE DRILLING CO                 $1.90          $1.43          32.90% Overvalued           Oil and Gas - Drilling 
     DO         DIAMOND OFFSHORE DRILLING           $74.99         $57.82         29.70% Overvalued           Oil and Gas - Drilling 

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

TURKCELL ILETISIM HIZMET-ADR (NYSE:TKC) - Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network in Turkey. The company provides mobile voice and data services over its mobile communications network; voice services, which include wireless telephone services on a prepaid and postpaid basis; mobile data and services, including mobile Internet and content services; and interactive voice and video response services. Its services also include corporate services, video call center, wireless PBX, location based services, mobile traffic monitoring, mobile payment, M2M communications, mobile marketing and advertisement, and international roaming services. In addition, the company offers Mobile Signature, a GSM service that enables customers to sign electronic documents and transactions with a legally-accepted digital signature using GSM SIM cards; and Turkcell Health, which links healthcare providers and application providers with the public to raise awareness of health issues, as well as address issues, such as self-care and preventive care and help people take charge of their health. Further, it provides MobilBillboard, which enables brands to reach their targeted customers; and Mobile Wallet that integrates credit cards into cell phones. As of December 31, 2009, the company had approximately 26.0 million prepaid subscribers and 9.4 million postpaid subscribers. It sells its products and services through its distribution network, which includes distributors, Turkcell distribution centers, non exclusive dealers, Turkcell communication centers, Turkcell stores, and consumer electronic chains, as well as points of sale for counters, including ATMs, POS, Web, call centers, supermarkets, and kiosks. The company was founded in 1993 and is headquartered in Istanbul, Turkey. Turkcell Iletisim Hizmetleri AS operates as a subsidiary of Turkcell Holding A.S.

VIVO PARTICIPACOES SA-ADR (NYSE:VIV) - Vivo Participacoes S.A., through its subsidiaries, provides cellular telecommunications services in Brazil. It provides voice and ancillary services, including voicemail and voicemail notification, call forwarding, three-way calling, caller identification, short messaging, limitation on the number of used minutes, cellular chat room, and data service, such as wireless application protocol service. The company also offers direct access to the Internet through data cards, as well as provides multimedia message service and mobile execution environment, which enables the wireless devices to download applications and execute them on the mobile with a user interface that contains icons on the wireless device to identify the services, such as voice mail, downloads, and text messaging. In addition, it provides roaming services through agreements with local cellular service providers in Brazil and other countries, which allow its subscribers to make and receive calls while out of its concession areas; and certain interactivity services with radio and television providers, allowing clients to listen to radio stations and watch TV channels. Further, the company sells GSM and WCDMA devices, such as handsets, smartphones, broadband USB modems, and netbooks through its stores and authorized dealers. As of December 31, 2009, it operated 336 sales outlets in Brazil. Vivo Participacoes S.A. was formerly known as Telesp Celular Participacoes S.A. The company was founded in 1998 and is based in Sao Paulo, Brazil. Vivo Participacoes S.A. operates as a subsidairy of Telefonica, S.A.

COMPLETE PRODUCTION SERVICES (NYSE:CPX) - Complete Production Services, Inc. provides specialized services and products to develop hydrocarbon reserves for oil and gas companies primarily in North America and southeast Asia. It operates in three segments: Completion and Production Services, Drilling Services, and Product Sales. The Completion and Production Services segment establishes, maintains, and enhances the flow of oil and gas of a well. It offers intervention services, such as completion, workover, and maintenance services; downhole and wellsite services, which include wireline services, production optimization, production testing, equipment rental, and fishing and pressure testing services; and fluid handling services comprising fluid transportation, frac tank rental, and fluid disposal services. This segment also owns and operates a fleet of hot oilers and superheaters; and sells fluids used during well completions, such as fresh water and potassium chloride, and drilling mud. The Drilling Services segment provides land drilling and specialized rig logistics services in the Barnett Shale region of north Texas. The Product Sales segment offers oilfield service equipment and refurbishment of used equipment, as well as repair work and fabrication services. The company was formerly known as Integrated Production Services, Inc. and changed its name to Complete Production Services, Inc. in September 2005. Complete Production Services was founded in 2001 and is headquartered in Houston, Texas.

TESCO CORP (NASDAQ:TESO) - Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry worldwide. It operates in three segments: Top Drive Drilling Systems, Tubular Services, and CASING DRILLING. The Top Drive Drilling Systems segment manufactures, sells, and supports top drives that are used in drilling operations to rotate the drill string. Its product line includes a range of portable and permanently installed top drive products with lifting capacities of 150 through 750 tons, both hydraulically and electrically powered. This segment also provides hydraulically powered top drive systems for rent. The Tubular Services segment offers a range of tubular handling and installation services, including the TESCO Casing Drive System plus a range of downhole tool rentals and accessories. The CASING DRILLING segment provides downhole and surface equipment on a rental basis to allow a well to be drilled with conventional oilwell casing, eliminating the use of drill pipe. The company was founded in 1986 and is headquartered in Houston, Texas.

VANTAGE DRILLING CO (AMEX:VTG) - Vantage Drilling Company provides offshore contract drilling services to multinational oil and natural gas companies, government owned oil and natural gas companies, and independent oil and natural gas producers worldwide. It involves in contracting drilling units, related equipment, and work crews to drill oil and natural gas wells, as well as offers construction supervision services. As of March 8, 2010, the companys fleet included four ultra-premium jackup rigs, three ultra-deepwater drillships, and two deepwater semisubmersibles. Vantage Drilling Company is based in Houston, Texas.

DIAMOND OFFSHORE DRILLING (NYSE:DO) - Diamond Offshore Drilling, Inc. operates as an offshore oil and gas drilling contractor worldwide. The company provides offshore drilling services in the deepwater, harsh environment, conventional semisubmersible, and jack-up markets to independent oil and gas companies and government-owned oil companies. As of December 31, 2009, it operated a fleet of 47 offshore rigs consisting of 32 semisubmersibles, 14 jack-ups, and 1 drillship. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation.

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