FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2023 Report

2024-01-22T11:03:53+00:00Downloads, Industry Reports, Telecom Technologies & Services|

After posting a solid gain in our winter report, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) dropped 2.2% in our spring reporting period. This was slightly better than the 2.7% drop in the S&P 500, but worse than the 0.1% decline in the NASDAQ. The EFTTI is also down nearly 14% compared to this time last year. Over this time period, the EFTTI lagged the 9.2% decline in the S&P 500 but outperformed the 16.7% drop in the NASDAQ. Sector multiples are also lower than they were at this time last year. The sub sector revenue multiple dropped sharply from 2.5x to 2.1x, while the sector EBITDA multiple posted a more modest decline as it fell from 11.9x to 10.6x.

The internal combustion engine still has lots left in the tank

2024-01-22T11:03:51+00:00Auto parts and accessories, Automotive Aftermarket, Automotive Dealers, Blogs, Car Washes, Collision, Oil and Lube, Paint Jobbers, Tire and Service|

Internal combustion engines (ICEs) have been around for more than 100 years, and despite a surge of competition from electric vehicles (EVs), they are still highly relevant and will likely remain so for a long time to come.

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