Jonathan Greenberg of OCE Interactive Announces the Release of Comps Companion™
New research platform explains differences in trading multiples across a group of peers Based on OCE's Market Topographer stock analysis platform
NEW YORK, Jan. 25, 2011 /PRNewswire/ -- Jonathan Greenberg, CFA, president and CEO of OCE Interactive, announced the official release of OCE's Comps Companion™ research platform, representing the company's latest innovation in relative valuation benchmarking of U.S. equities. Comps Companion follows OCE's earlier release of its Market Topographer® platform (www.markettopographer.com) for researching, benchmarking and comparing U.S. equities.
Traditionally, trading comps are widely used in equity valuation across Wall Street to identify companies that trade at a premium or discount within a given peer group. Comps Companion builds on that foundation, Greenberg said.
"Comps Companion explains why each company trades at a particular relative premium or discount to the group, due to, among other things, its financial leverage, dividend payout ratio or growth expectations relative to the group," he said.
Presented using an easy to read heat map, Comps Companion is driven by the same core technology as OCE's Market Topographer platform. OCE is a financial services firm that provides customized research into the relative valuation dynamics of U.S. stocks.
"Comps Companion provides a framework that puts into perspective the relative value drivers across all members of a custom peer group, simultaneously benchmarking them against both the average profile of the peer group and versus all constituent members," Greenberg said.
"We designed Comps Companion to help both the buy side and sell side on Wall Street do a better job of understanding and forecasting relative trading multiples, by accounting for market wide characteristics that should contribute to a difference in multiples and increasing the comparability of a company or peer group's historical and current valuation experience," he said. "We are also finding interest within the corporate development, treasury and investor relations arms of corporations, which are using Comps Companion to help drive strategy and investor communications by better understanding how their companies are positioned and what is driving the relative valuation dynamics within their peer group."
"Whether used as an overlay to explain trading comps, to generate case studies that demonstrate the relative valuation implications of various corporate finance strategies and strategic initiatives, or to hone relative valuation perspective, we are finding that Comps Companion is a game changer on both the buy side and sell side," Greenberg said.
For further information regarding Comps Companion™ and other U.S. equity relative valuation services offered by OCE Interactive, contact OCE at [email protected].
About OCE Interactive
OCE Interactive is a financial services firm specializing in relative valuation dynamics and the developer of both the Market Topographer® (www.markettopographer.com) and Comps Companion™ benchmarking platforms. OCE was founded in 2003 by former bulge-bracket investment bankers. Currently, the company has six patents pending on its technology and an extensive pipeline of additional tools for equity valuation. The company is based in New York.
SOURCE OCE Interactive
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