Viatris Inc
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Health Care : Pharmaceuticals | Mid Cap Value
Company profile

Viatris Inc. is a global healthcare company. The Company has four segments: Developed Markets, Greater China, JANZ and Emerging Markets. Developed Markets segment comprises its operations primarily in North America and Europe. Greater China segment includes its operations in China, Taiwan and Hong Kong. JANZ segment reflects its operations in Japan, Australia and New Zealand. Emerging Markets segment encompasses its presence in approximately 125 countries with developing markets and emerging economies including in Asia, Africa, Eastern Europe, Latin America and the Middle East, as well as its anti-retroviral franchise. Its portfolio comprises approximately 1,400 approved molecules across a range of key therapeutic areas, including globally recognized iconic and key brands, generics, complex generics, and biosimilars. It operates approximately 40 manufacturing sites worldwide, which produces oral solid doses, injectables, complex dosage forms and active pharmaceutical ingredients.

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As investors punish Shopify, these 15 ecommerce companies are expected to grow sales the most through 2023

7:40 am ET February 19, 2022 (MarketWatch)
Print

By Philip van Doorn

Analysts say Uber, Carvana and, yes, Shopify, will increase sales at an annualized pace of 30% or more

Shopify had a blowout fourth quarter, with sales rising 41% from a year earlier, the company reported after the market close on Feb. 15.

Sales are the main objective of a company working at the forefront of the shift to ecommerce. But Shopify's stock fell 26% over the following two trading sessions, even after company reported results that came in ahead of analysts' expectations for revenue and earnings.

Read:Shopify sees a sales slowdown in the first half of 2022

The above headline from Barron's spells out the problem in this market environment for any highly valued tech stock: Even in a growing economy with better-than-expected retail sales, if a company's own sales outlook for the months ahead disappoint investors, the stock can crash.

While we cannot predict which highly valued ecommerce companies might be next to disappoint investors, we can look ahead to see which are expected to increase sales the most quickly. A list of these expected rapid-growers derived from the holdings of three ecommerce exchange-traded funds is below.

A high valuation in a touchy market

Here's a three-year price chart for Shopify Inc. (SHOP.T) through the close on Feb. 15 -- that is, before the company announced its fourth-quarter results:

The stock was up fivefold for three years before Shopify put out its fourth-quarter results. And the stock was trading for 14.5 times the consensus forward sales estimate among analysts polled by FactSet. That's a very high valuation when compared with a price/sales valuation of 2.6 for the S&P 500 and 2.9 for a venerable internet services highflyer such as Amazon.com Inc. (AMZN).

Investors were paying through the nose for Shopify's stock. Then again, the stock had traded as high as 47.1 times the consensus forward sales estimate in July 2020.

Three ecommerce ETFs

In order to come up with a list of ecommerce stocks for a screen, we looked at three ETFs focusing on this industry group:

Leaving the ETFs in size order, here are projected compound annual growth rates (CAGR) for sales per share through 2023, based on consensus estimates among analysts polled by FactSet:

                        ETF  Ticker  Two-year estimated sales CAGR  Estimated revenue per share -- 2021  Estimated revenue per share -- 2022  Estimated revenue per share -- 2023 
ProShares Online Retail ETF   ONLN                            7.9%                              $34.50                              $37.39                              $40.19 
Amplify Online Retail ETF     IBUY                           12.3%                              $49.79                              $56.60                              $62.74 
Global X E-Commerce ETF       EBIZ                           10.0%                              $16.60                              $18.35                              $20.09 
                                                                                                                                                               Source: FactSet 

Ecommerce stock screen

Together, the three ETFs hold 78 stocks. Among those, 63 are covered by at least five analysts polled by FactSet for estimates, ratings and price targets.

Here are the 15 companies analysts expect to achieve the highest sales CAGR through calendar 2023. The consensus sales estimates are in millions of U.S. dollars.

Company                                Ticker   Country        Two-year estimated sales CAGR  Estimated sales -- 2021  Estimated sales -- 2022  Estimated sales -- 2023 
Ozon Holdings PLC ADR                   OZON    Cyprus                                 59.8%                   2,349                  $4,017                  $5,998 
Global-e Online Ltd.                    GLBE    Israel                                 53.0%                    $240                    $367                    $563 
Dada Nexus Ltd. ADR                    DADA-US  China                                  52.6%                  $1,105                  $1,686                  $2,573 
Sea Ltd. (Singapore) ADR Class A         SE     Singapore                              41.4%                  $9,656                 $14,251                 $19,299 
Jumia Technologies AG ADR               JMIA    Germany                                39.8%                    $170                    $227                    $332 
Uber Technologies Inc.                  UBER    U.S.                                   38.7%                 $17,560                 $27,430                 $33,769 
Shopify Inc. Class A                    SHOP    Canada                                 34.0%                  $4,573                  $6,093                  $8,214 
MercadoLibre Inc.                      MELI-US  Uruguay                                33.6%                  $6,971                  $9,352                 $12,443 
TripAdvisor Inc.                        TRIP    U.S.                                   32.5%                    $909                  $1,373                  $1,595 
Trip.com Group Ltd. ADR                 TCOM    China                                  31.2%                  $3,088                  $3,869                  $5,319 
FIGS, Inc. Class A                      FIGS    United States                          30.9%                    $419                    $547                    $717 
Pinduoduo, Inc. Sponsored ADR Class A    PDD    China                                  30.8%                 $15,388                 $20,251                 $26,320 
Booking Holdings Inc.                   BKNG    United States                          30.2%                 $10,838                 $15,722                 $18,384 
Carvana Co. Class A                     CVNA    United States                          29.6%                 $12,575                 $16,488                 $21,134 
                                                                                                                                                     Source: FactSet 

You can click on the tickers for more about each company.

Then read Tomi Kilgore's detailed guide to the wealth of information available for free on the MarketWatch quote page.

Leaving the list in the same order, here's a summary of analysts' opinions about the stocks:

Company                                Ticker   Share "buy" ratings  Share neutral ratings  Share "sell" ratings  Closing price -- Feb. 15  Cons. Price target  Implied 12-month upside  potential 
Ozon Holdings PLC ADR                  OZON-US                  57%                    36%                    7%                   $22.23              $41.41                                 86% 
Global-e Online Ltd.                    GLBE                   100%                     0%                    0%                   $39.42              $72.44                                 84% 
Dada Nexus Ltd. ADR                     DADA                    92%                     8%                    0%                   $10.85              $35.61                                228% 
Sea Ltd. (Singapore) ADR Class A         SE                     96%                     4%                    0%                  $149.55             $320.59                                114% 
Jumia Technologies AG ADR               JMIA                    14%                    72%                   14%                    $9.70              $18.88                                 95% 
Uber Technologies Inc.                  UBER                    90%                    10%                    0%                   $37.09              $62.67                                 69% 
Shopify Inc. Class A                    SHOP                    51%                    46%                    3%                  $889.50           $1,484.62                                 67% 
MercadoLibre Inc.                       MELI                    83%                    17%                    0%                $1,170.30           $1,789.86                                 53% 
TripAdvisor Inc.                        TRIP                    26%                    53%                   21%                   $30.07              $35.80                                 19% 
Trip.com Group Ltd. ADR                 TCOM                    79%                    15%                    6%                   $30.42              $31.97                                  5% 
FIGS Inc. Class A                       FIGS                    73%                    27%                    0%                   $19.40              $36.36                                 87% 
Pinduoduo, Inc. Sponsored ADR Class A    PDD                    76%                    22%                    2%                   $61.23              $99.21                                 62% 
Booking Holdings Inc.                   BKNG                    56%                    41%                    3%                $2,635.16           $2,739.52                                  4% 
Carvana Co. Class A                     CVNA                    60%                    36%                    4%                  $142.50             $290.74                                104% 
                                                                                                                                                                                   Souce: FactSet 

Don't miss:Apple is Berkshire's largest stock holding, but Buffett and Co. own a bigger share of these companies

-Philip van Doorn

	

(END) Dow Jones Newswires

February 19, 2022 07:40 ET (12:40 GMT)

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