Concord Acquisition II (Concord Acquisition II) GF Value Rank : 0 (As of May. 20, 2024)

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What is Concord Acquisition II GF Value Rank?

Concord Acquisition II has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Concord Acquisition II GF Value Rank Related Terms

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Concord Acquisition II (Concord Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Concord Acquisition Corp II (NYSE:CNDA) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

477 Madison Avenue, New York, NY, USA, 10022

Website

Concord Acquisition Corp II is a newly organized, blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Diamond Robert E. Jr.	director	BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Jeffrey Tuder	officer: Chief Executive Officer	6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Thomas C. King	director	C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Peter Ort	director	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Michele Cito	officer: Chief Financial Officer	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Henry Helgeson	director	477 MADISON AVENUE, C/O CONCORD ACQUISITION CORP., NEW YORK NY 10022
Concord Sponsor Group Ii Llc	10 percent owner	477 MADISON AVENUE, NEW YORK NY 10022

Concord Acquisition II (Concord Acquisition II) Headlines

From GuruFocus

Concord Acquisition Corp II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About October 22, 2021

By PRNewswire PRNewswire • 10-20-2021

Concord Acquisition Corp II Announces Closing of $250 Million Initial Public Offering

By PRNewswire PRNewswire • 09-07-2021