Pavlo Kot

SPW trades at 16x n12m EPS with faster payout growth, Jurrien Timmer notes

SPW trades at 16x n12m EPS with faster payout growth, Jurrien Timmer notes
SPW index trades at 16x n12m EPS

The SPW index is trading at 16 times next 12 months earnings per share, with a payout ratio of 74 percent, which is higher than the cap-weighted index. Jurrien Timmer described these fundamentals as attractive and noted that the payout (PO) is growing faster than earnings.

Timmer has recently commented on other key equity benchmarks. He observed that the KOSPI index is holding at a potential head-and-shoulders neckline after leading gains earlier this year. In another note, he stated that the S&P 500 sits 5% below its cyclical trendline but remains above the secular trendline.

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