The PBR1000 March 2021 Analytics Summary
The 12 month timeframe from February, 2020, through January, 2021, covers the period from when the COVID-19 Pandemic took hold of the world, affecting everyone in a variety of ways. In this The PBR1000 Analytics Summary we look at the financial results and try to place it in perspective. The following table provides some of the data that highlights the effect of the pandemic.
12 Month Period | 02/2019-01/2020 | 02/2020-01/2021 |
The PBR1000 Total Revenues | $15.304 Trillion | $14.919 Trillion |
Percent Change | -2.52% | |
Average Profits to Revenues | +8.62% | +5.43% |
Average Earnings Per Share | $4.24 | $1.80 |
Number of Companies Paying Dividends | 716 | 697 |
Total Dividends/Shares Paid | $ 1,233.85 | $ 1,176.78 |
Average Annual Dividend /Share | $ 1.7233 | $ 1.6883 |
3/31/2019 | 3/31/2020 | |
The PBR1000 Total of Stock Prices | $ 73,510.80 | $ 124,713.97 |
12 Months Percent Change | -17.03% | 69.65% |
DJIA | -15.47% | 50.48% |
NASDAQ | -0.38% | 72.04% |
SP500 | -8.81% | 53.71% |
Analyst Estimates | 3/31/2019 | 3/31/2020 |
Total Number of Analyst Estimates | 14,724 | 15,183 |
Number of Buy Stocks (>4.50 to 5.00 Weighted Average) | 133 | 155 |
Overweight (>3.50 to 4.50) | 549 | 550 |
Hold (>2.50 to 3.50) | 277 | 264 |
Underweight (>1.50 to 2.50) | 27 | 25 |
Sell (1.00 to 1.50) | 8 | 5 |
No Estimate | 6 | 1 |
Average Weighted Estimate | 3.88 | 3.93 |
Total Market Capitalization | $ 24.390 Trillion | $ 38.589 Trillion |
Some observations:
Revenues: Retailers, hospitality, and travel related industries were significantly adversely affected. On the other hand e-commerce, communications technologies, and healthcare industries were beneficiaries. The bottom line is that revenues fell only 2.52% from the 12 months ending January 31, 2020. Previous years had been gains of around 8%. The point is that while revenues took a hit, it was not as dramatic overall. What was affected was profits, earnings per share, and to some extent dividends. While there were negative and positive shifts in revenues, the bottom line is that it was almost a wash. Of course, these numbers reflect The PBR1000, the largest publicly held corporations in the US. Smaller businesses certainly were much more affected.
Stock Market: The stock market, which was in a long term bull market, took some big hits at the beginning of the pandemic. But as the table shows, the recovery was also very dramatic, one of the best years for equities investors. The Average Weighted Estimate, however, did not increase all that much, though there was a nice growth in number of Buy stocks.
Some Conclusions:
There was a shift and rebalancing of revenues in The PBR1000, with the total affect much less dramatic than for most smaller and midsize businesses.
The initial panic over the pandemic had a big effect on the stock market, but it recovered quite nicely. As industries that were the most negatively affected recover there should continue to be significant growth opportunities as the “new normal” sets in, the economy should have robust growth, and The Stock Market Bull should continue to dominate.
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