Ten Top Global Innovative Companies: Extraordinary Performance and Value Identified Uniquely Through Uniform Accounting

IXL And Valens Rely On UAFRS-based Metrics To Identify Ten Great Innovators Driving Growth Around the World

METRO MANILA, PHILIPPINES / ACCESSWIRE/ September 4, 2017 / Valens Research, Global Innovation Management Institute, and IXL Center, combined their research capabilities to identify ten top, unique companies that the stock market is rewarding:

● Industria de Diseño Textil, S.A. (INDITEX)

● The Priceline Group Inc.

● Fevertree Drinks Plc

● Veeva Systems Inc.

● Illumina, Inc.

● Douglas Dynamics, Inc.

● Mobileye N.V.

● Palo Alto Networks, Inc.

● IPG Photonics Corporation

● Broadcom Limited

The selection criteria relied on GIMI and IXL’s deep insights in innovation and Valens Research’s implementation of the UAFRS (Uniform Accounting) framework. Uniform Accounting removes distortions from inconsistent accounting and financial reporting policies.

Material, directionally changing inconsistencies in GAAP and IFRS regarding research and development, mergers and acquisitions, special charges, leases, and stock options make it near impossible to reliably analyze top innovators to determine who is truly creating value, and who the market is rewarding.

For this reason, people might see a very different, unique, and otherwise not as easily identifiable list of companies using as-reported financial statements and metrics.

Business innovation has continued to gain meaningful significance in organizations as a way to grow. Thus, GIMI, IXL, and Valens identified the companies the market is rewarding for continued success in innovation, to highlight why innovation is so important to creating value for a company.

The process for identifying these ten top innovators was the following:

1.) Identify firms with an excellent history of innovation, in products, processes, creating new markets and other areas

2.) Review that universe of companies to see which companies have been able to generate value in terms of innovation based on their UAFRS-adjusted Return on Assets (ROA) being well above their required rate of returns for a multi-year period of time

3) Verify those companies continued to invest in innovation and to grow, as identified by rapid UAFRS-adjusted Asset growth in high ROA businesses

4.) Identify which of those companies the market was rewarding for their innovation with premium valuations

Valens Research President and CEO, Professor Joel Litman, commented on the joint research study with the IXL Center and GIMI:

“This research differs significantly from other similar studies. Uniform Accounting metrics like UAFRS-based Return on Assets and UAFRS-based valuation multiples often provide wildly different insights than the as-reported metrics in most databases,” he said.

“The combination with the deep innovation expertise of Dr. Hitendra Patel, the IXL Center, and the Global Innovation Management Institute, leads to a really insightful study about how firms can and should innovate, and reap the performance and valuation rewards.”

The GIM Institute, or GIMI, is the global nonprofit standard certification board for innovation and innovation management. Its worldwide advocacy for making innovation a professional business discipline is reinforced by their globally recognized standards and certification program, extensive academic programs, communities of practice, and professional development opportunities.

Valens Research has helped to spearhead the use and adoption of Uniform Adjusted Financial Reporting Standards (UAFRS), and has leveraged it to help improve insights into corporate profitability, valuation and credit risk analysis.

UAFRS is an alternative set of standards for financial reporting aimed at creating more reliable reporting of corporate financial activity.

IXL Center helps corporations, governments, universities, and individuals develop breakthrough strategic solutions and world-class innovation management capabilities in order to drive significant, sustainable growth.

GIMI, IXL, and Valens Research are continuing research on highly successful innovators across industries globally, driving insights across market sectors on how, when, and why the market rewards successful innovation.

About Valens Research:

Valens Research is a global boutique investment and business analysis and information source. The firm provides regularly updated, economically relevant and reliable corporate performance, equity valuation, and credit analytics under the Uniform Accounting framework. The firm provides weekly-updated performance and valuation information on approximately 5,000 companies around the world. To learn more about Valens Research, please visit http://www.valens-research.com/.

Contact:

Kyle Yu

kyle.yu@valens-research.com

(63 2) 470-3188

SOURCE: Valens Research

ReleaseID: 474468