Company Of The Day: Paramount Global

+67.95%
Upside
25.76
Market
43.26
Trefis
PARA: Paramount Global logo
PARA
Paramount Global

What?

Paramount Global (NYSE:PARA) stock rose by 15% over the last week, meaningfully outperforming the S&P 500 which was down almost 3%.

Why?

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The recent rally comes as Warren Buffett’s Berkshire Hathaway indicated in a securities filing that it has acquired a $2.6 billion stake in Paramount.

So What?

We think Paramount stock remains undervalued, trading at just about 13x consensus 2022 earnings, with revenue growth also likely to pick up versus historical levels. We value Paramount at about $43 per share, which is almost 30% ahead of the current market price.

See Our Complete Analysis For Paramount

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns May 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 PARA Return 12% 8% -49%
 S&P 500 Return -6% -18% 74%
 Trefis Multi-Strategy Portfolio -5% -21% 209%

[1] Month-to-date and year-to-date as of 5/23/2022
[2] Cumulative total returns since the end of 2016

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