This Week’s Large Cap Acquirer’s Multiple® Screen: Energy and Financials Continue To Dominate

Energy and Financials continue to lead the value landscape, with Petrobras (PBR), Bank of New York Mellon (BK), and Equinor (EQNR) all screening attractively. Market skepticism around the durability of cash flows in these sectors remains entrenched.From Petrobras (PBR), trading at an Acquirer’s Multiple (AM) of 4.1 with a hefty 35.0% free cash flow yield, to Bank of New York Mellon (BK) at just 2.1 AM supported by steady buybacks and dividends, investors continue to discount strong cash-generating franchise ...