Category Archives: 10-year Targets

Torchmark Corp. 10-Year Targets

Below are the valuation targets for Torchmark Corp. (TMK) for the next 10 years. Continue reading

Brookfield Infrastructure Partners 10-Year Targets

Below are the valuation targets for Brookfield Infrastructure Partners (BIP) for the next 10 years.

Our valuation targets for Brookfield Infrastructure Partners (BIP) in 2019 are:

  • $52.56 (overvalued)
  • $41.55 (fair value)
  • $30.53 (undervalued)
  • $20.52 (extreme undervalue)

The valuation targets for Brookfield Infrastructure Partners (BIP) are based on a dividend growth rate of 6.50% which is derived from the lowest calculated growth rate as indicated in Value Line Investment Survey dated October 12, 2018 and applied to Edson Gould’s Altimeter.  A graphical representation of the overvalued, fair value, and undervalued levels are below.

image

The above Altimeter translates into the following undervalued and overvalued ranges since 2008:

image

10-Year Targets

Year Undervalued Fair Value Overvalued Extreme Undervalue
2018 $28.67 $39.01 $49.35 $19.27
2019 $30.53 $41.55 $52.56 $20.52
2020 $32.52 $44.25 $55.97 $21.86
2021 $34.63 $47.12 $59.61 $23.28
2022 $36.88 $50.19 $63.49 $24.79
2023 $39.28 $53.45 $67.61 $26.40
2024 $41.83 $56.92 $72.01 $28.12
2025 $44.55 $60.62 $76.69 $29.95
2026 $47.45 $64.56 $81.67 $31.89
2027 $50.53 $68.76 $86.98 $33.96
2028 $53.82 $73.23 $92.64 $36.17
2029 $57.32 $77.99 $98.66 $38.52
2030 $61.04 $83.06 $105.07 $41.03
2031 $65.01 $88.45 $111.90 $43.69

Observations

Based on our work, Brookfield Infrastructure Partners (BIP) has an expected price range of $34.63-$67.61 by 2021-2023.  Value Line Investment Survey has targets of $40 to $55 in the 2021-2023 period.

Last updated: January 5, 2019

UGI Corp. 10-Year Targets

Below are the valuation targets for UGI Corp. (UGI) for the next 10 years. Continue reading

UMB Financial 10-Year Targets

Below are the valuation targets for UMB Financial Corp. (UMBF) for the next 10 years. Continue reading

Union Pacific Corp. 10-Year Targets

Below are the valuation targets for Union Pacific Corp. (UNP) for the next 10 years. Continue reading

United Bankshares 10-Year Targets

Below are the valuation targets for United Bankshares (UBSI) for the next 10 years. Continue reading

Universal Corp. 10-Year Targets

Below are the valuation targets for Universal Corp. (UVV) for the next 10 years. Continue reading

Universal Health Realty 10-Year Targets

Below are the valuation targets for Universal Health Realty Income Trust (UHT) for the next 10 years. Continue reading

Stryker Corp. 10-Year Targets

Below are the valuation targets for Stryker Corp. (SYK) for the next 10 years. Continue reading

Qualcomm 10-Year Targets

Below are the valuation targets for Qualcomm (QCOM) for the next 10 years. Continue reading

W.P. Carey 2018/2019 Targets

Below are the valuation targets for W.P. Carey (WPC) for the next 10 years. Continue reading

VSE Corp. 10-Year Targets

Below are the valuation targets for VSE Corp. (VSEC) for the next 10 years. Continue reading

VF Corporation 10-Year Targets

Below are the valuation targets for VF Corp. (VFC) for the next 10 years. Continue reading

Royal Gold 10-Year Targets

Below are the valuation targets for Royal Gold (RGLD) for the next 10 years. Continue reading

Brown-Forman 10-Year Targets

Below are the valuation targets for Brown-Forman (BF-B) for the next 10 years. Continue reading