{"id":45612,"date":"2015-10-21T21:36:00","date_gmt":"2015-10-21T21:36:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2015\/10\/discover-financial-services-dfs\/"},"modified":"2015-10-21T21:36:00","modified_gmt":"2015-10-21T21:36:00","slug":"discover-financial-services-dfs","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/fr-ca\/2015\/10\/discover-financial-services-dfs\/","title":{"rendered":"Discover Financial Services (DFS)"},"content":{"rendered":"

Dans l’analyse de contenu de cette semaine, nous revenons sur les r\u00e8sultats du troisi\u00e8me trimestre de Discover Financial Services (DFS), qui ont \u00e8t\u00e8 mis-\u00e0-jour dans notre base de donn\u00e8es aujourd’hui m\u00eame. DFS fait partie de notre portefeuille mod\u00e8le US-Large depuis mai 2012, et s’est toujours maintenue parmi les SPscore les plus \u00e8lev\u00e8s de son secteur. En date du 21 octobre, DFS a un SPscore de 77%, le 2e meilleur de notre portefeuille et le 4e meilleur aux \u00c9tats-Unis pour les grandes capitalisations. Download<\/span> <\/a><\/p>\n

Malgr\u00e8 l\u00e8g\u00e8re baisse du rendement sur capital, celui-ci reste tr\u00e8s \u00e8lev\u00e8 \u00e0 21.2% par rapport au co\u00fbt du capital de 9.9%. La valeur intrins\u00e8que est en hausse depuis les trois derniers trimestres, ce qui rend l’\u00e8cart cours-valeur intrins\u00e8que de plus en plus int\u00e8ressant. Le ratio P\/VI est de 0.75 en date du 21 octobre, refl\u00e8tant un potentiel d’appr\u00e8ciation de la valeur du titre d’environ 33%. La valeur de croissance future (FGV), \u00e0 -3.7%, nous indique \u00e8galement que la valeur totale au march\u00e8 de la compagnie est escompt\u00e8e par rapport \u00e0 la valeur des op\u00e8rations courantes.<\/p>\n

Au niveau de l’EVA, on peut affirmer que DFS offre une stabilit\u00e8 exemplaire aux actionnaires. M\u00eame si l’EVA total g\u00e8n\u00e8r\u00e8 est stable depuis la fin 2011, l’EVA par action, lui, est en hausse vu que la compagnie a effectu\u00e8 plusieurs rachats d’actions. \u00c0 court terme, l’EVA total est en hausse constante depuis d\u00e8cembre 2014. <\/p>\n

En terminant avec la performance comptable, Discover saura plaire aux amateurs de croissance des dividendes avec son taux de croissance moyen de 65% sur 5 ans, et de 44% sur 3 ans. Depuis 2011, DFS rach\u00e8te \u00e8galement en moyenne 5.6% de ses actions en circulation \u00e0 chaque ann\u00e8e. Discover g\u00e8n\u00e8re des fonds lib\u00e8r\u00e8s (free cash-flow) positifs et \u00e8lev\u00e8s \u00e0 chaque ann\u00e8e, c’est d’ailleurs une des raisons qui lui permet de soutenir sa forte croissance du dividende et ses rachats d’actions. Vous noterez que certains champs de la section \u00ac\u00b4 Performance Comptable \u00ac\u00aa sont pour le moment manquants, ils seront mis-\u00e0-jour sous peu. <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Dans l’analyse de contenu de cette semaine, nous revenons sur les r\u00e8sultats du troisi\u00e8me trimestre de Discover Financial Services (DFS), qui ont \u00e8t\u00e8 mis-\u00e0-jour dans notre base de donn\u00e8es aujourd’hui m\u00eame. DFS fait partie de notre portefeuille mod\u00e8le US-Large depuis mai 2012, et s’est toujours maintenue parmi les SPscore les plus \u00e8lev\u00e8s de son secteur. […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[438],"class_list":["post-45612","post","type-post","status-publish","format-standard","hentry","category-intelligence","tag-dfs"],"acf":[],"yoast_head":"\nDiscover Financial Services (DFS) - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/fr-ca\/2015\/10\/discover-financial-services-dfs\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discover Financial Services (DFS)\" \/>\n<meta property=\"og:description\" content=\"Dans l’analyse de contenu de cette semaine, nous revenons sur les r\u00e8sultats du troisi\u00e8me trimestre de Discover Financial Services (DFS), qui ont \u00e8t\u00e8 mis-\u00e0-jour dans notre base de donn\u00e8es aujourd’hui m\u00eame. DFS fait partie de notre portefeuille mod\u00e8le US-Large depuis mai 2012, et s’est toujours maintenue parmi les SPscore les plus \u00e8lev\u00e8s de son secteur. 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