Intrinsic value of Actua - ACTA

Previous Close

$13.00

  Intrinsic Value

$0.77

stock screener

  Rating & Target

str. sell

-94%

  Value-price divergence*

-117%

Previous close

$13.00

 
Intrinsic value

$0.77

 
Up/down potential

-94%

 
Rating

str. sell

 
Value-price divergence*

-117%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ACTA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  11.22
  24.00
  22.10
  20.39
  18.85
  17.47
  16.22
  15.10
  14.09
  13.18
  12.36
  11.62
  10.96
  10.37
  9.83
  9.35
  8.91
  8.52
  8.17
  7.85
  7.57
  7.31
  7.08
  6.87
  6.68
  6.52
  6.36
  6.23
  6.10
  5.99
  5.89
Revenue, $m
  109
  135
  165
  199
  236
  277
  322
  371
  423
  479
  538
  601
  667
  736
  808
  884
  963
  1,045
  1,130
  1,219
  1,311
  1,407
  1,506
  1,610
  1,717
  1,829
  1,946
  2,067
  2,193
  2,324
  2,461
Variable operating expenses, $m
 
  257
  309
  367
  432
  504
  582
  666
  756
  853
  956
  1,041
  1,155
  1,275
  1,400
  1,531
  1,667
  1,809
  1,957
  2,111
  2,270
  2,436
  2,609
  2,788
  2,975
  3,168
  3,370
  3,580
  3,798
  4,026
  4,263
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  154
  257
  309
  367
  432
  504
  582
  666
  756
  853
  956
  1,041
  1,155
  1,275
  1,400
  1,531
  1,667
  1,809
  1,957
  2,111
  2,270
  2,436
  2,609
  2,788
  2,975
  3,168
  3,370
  3,580
  3,798
  4,026
  4,263
Operating income, $m
  -44
  -122
  -144
  -169
  -196
  -226
  -259
  -295
  -333
  -374
  -417
  -440
  -488
  -539
  -592
  -647
  -705
  -765
  -827
  -892
  -960
  -1,030
  -1,103
  -1,179
  -1,257
  -1,339
  -1,424
  -1,513
  -1,606
  -1,702
  -1,802
EBITDA, $m
  -27
  -93
  -114
  -137
  -163
  -192
  -223
  -256
  -293
  -331
  -372
  -415
  -461
  -509
  -559
  -611
  -665
  -722
  -781
  -842
  -906
  -972
  -1,041
  -1,112
  -1,187
  -1,264
  -1,345
  -1,428
  -1,515
  -1,606
  -1,701
Interest expense (income), $m
  0
  0
  1
  2
  3
  4
  5
  7
  8
  10
  12
  14
  16
  18
  20
  22
  25
  27
  30
  33
  36
  39
  42
  45
  48
  52
  55
  59
  63
  67
  71
Earnings before tax, $m
  -41
  -122
  -145
  -170
  -199
  -230
  -265
  -302
  -342
  -384
  -429
  -454
  -504
  -557
  -612
  -670
  -730
  -792
  -857
  -925
  -995
  -1,068
  -1,144
  -1,223
  -1,305
  -1,391
  -1,480
  -1,572
  -1,668
  -1,769
  -1,873
Tax expense, $m
  -13
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  70
  -122
  -145
  -170
  -199
  -230
  -265
  -302
  -342
  -384
  -429
  -454
  -504
  -557
  -612
  -670
  -730
  -792
  -857
  -925
  -995
  -1,068
  -1,144
  -1,223
  -1,305
  -1,391
  -1,480
  -1,572
  -1,668
  -1,769
  -1,873

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  97
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  454
  443
  541
  651
  774
  909
  1,057
  1,217
  1,388
  1,571
  1,765
  1,970
  2,186
  2,413
  2,650
  2,898
  3,156
  3,425
  3,704
  3,995
  4,298
  4,612
  4,938
  5,278
  5,630
  5,997
  6,379
  6,776
  7,190
  7,621
  8,070
Adjusted assets (=assets-cash), $m
  357
  443
  541
  651
  774
  909
  1,057
  1,217
  1,388
  1,571
  1,765
  1,970
  2,186
  2,413
  2,650
  2,898
  3,156
  3,425
  3,704
  3,995
  4,298
  4,612
  4,938
  5,278
  5,630
  5,997
  6,379
  6,776
  7,190
  7,621
  8,070
Revenue / Adjusted assets
  0.305
  0.305
  0.305
  0.306
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
  0.305
Average production assets, $m
  81
  100
  123
  148
  175
  206
  240
  276
  315
  356
  400
  446
  495
  547
  600
  657
  715
  776
  839
  905
  974
  1,045
  1,119
  1,196
  1,276
  1,359
  1,446
  1,536
  1,629
  1,727
  1,829
Working capital, $m
  56
  -14
  -17
  -20
  -24
  -28
  -32
  -37
  -42
  -48
  -54
  -60
  -67
  -74
  -81
  -88
  -96
  -104
  -113
  -122
  -131
  -141
  -151
  -161
  -172
  -183
  -195
  -207
  -219
  -232
  -246
Total debt, $m
  1
  24
  52
  82
  117
  155
  196
  241
  289
  340
  394
  452
  512
  576
  642
  711
  784
  859
  937
  1,019
  1,103
  1,191
  1,283
  1,378
  1,476
  1,579
  1,686
  1,797
  1,913
  2,034
  2,160
Total liabilities, $m
  100
  124
  152
  182
  217
  255
  296
  341
  389
  440
  494
  552
  612
  676
  742
  811
  884
  959
  1,037
  1,119
  1,203
  1,291
  1,383
  1,478
  1,576
  1,679
  1,786
  1,897
  2,013
  2,134
  2,260
Total equity, $m
  353
  319
  390
  469
  557
  655
  761
  876
  999
  1,131
  1,271
  1,418
  1,574
  1,737
  1,908
  2,086
  2,272
  2,466
  2,667
  2,877
  3,094
  3,320
  3,556
  3,800
  4,054
  4,318
  4,593
  4,879
  5,177
  5,487
  5,810
Total liabilities and equity, $m
  453
  443
  542
  651
  774
  910
  1,057
  1,217
  1,388
  1,571
  1,765
  1,970
  2,186
  2,413
  2,650
  2,897
  3,156
  3,425
  3,704
  3,996
  4,297
  4,611
  4,939
  5,278
  5,630
  5,997
  6,379
  6,776
  7,190
  7,621
  8,070
Debt-to-equity ratio
  0.003
  0.080
  0.130
  0.180
  0.210
  0.240
  0.260
  0.270
  0.290
  0.300
  0.310
  0.320
  0.330
  0.330
  0.340
  0.340
  0.340
  0.350
  0.350
  0.350
  0.360
  0.360
  0.360
  0.360
  0.360
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
Adjusted equity ratio
  0.717
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720
  0.720

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  70
  -122
  -145
  -170
  -199
  -230
  -265
  -302
  -342
  -384
  -429
  -454
  -504
  -557
  -612
  -670
  -730
  -792
  -857
  -925
  -995
  -1,068
  -1,144
  -1,223
  -1,305
  -1,391
  -1,480
  -1,572
  -1,668
  -1,769
  -1,873
Depreciation, amort., depletion, $m
  17
  29
  30
  31
  33
  35
  36
  38
  41
  43
  45
  25
  27
  30
  33
  36
  40
  43
  46
  50
  54
  58
  62
  66
  70
  75
  80
  85
  90
  95
  101
Funds from operations, $m
  -1
  -93
  -115
  -139
  -166
  -196
  -228
  -263
  -301
  -341
  -384
  -429
  -477
  -526
  -579
  -633
  -690
  -749
  -811
  -875
  -942
  -1,011
  -1,083
  -1,157
  -1,235
  -1,316
  -1,400
  -1,487
  -1,578
  -1,673
  -1,772
Change in working capital, $m
  9
  -3
  -3
  -3
  -4
  -4
  -4
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
Cash from operations, $m
  -10
  -91
  -112
  -136
  -162
  -192
  -224
  -258
  -296
  -336
  -378
  -423
  -470
  -520
  -571
  -626
  -682
  -741
  -802
  -866
  -932
  -1,001
  -1,073
  -1,147
  -1,224
  -1,305
  -1,388
  -1,475
  -1,566
  -1,660
  -1,759
Maintenance CAPEX, $m
  0
  -4
  -6
  -7
  -8
  -10
  -11
  -13
  -15
  -17
  -20
  -22
  -25
  -27
  -30
  -33
  -36
  -40
  -43
  -46
  -50
  -54
  -58
  -62
  -66
  -70
  -75
  -80
  -85
  -90
  -95
New CAPEX, $m
  -3
  -19
  -22
  -25
  -28
  -31
  -33
  -36
  -39
  -41
  -44
  -46
  -49
  -51
  -54
  -56
  -59
  -61
  -63
  -66
  -69
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -94
  -98
  -102
Cash from investing activities, $m
  115
  -23
  -28
  -32
  -36
  -41
  -44
  -49
  -54
  -58
  -64
  -68
  -74
  -78
  -84
  -89
  -95
  -101
  -106
  -112
  -119
  -125
  -132
  -139
  -146
  -153
  -161
  -170
  -179
  -188
  -197
Free cash flow, $m
  105
  -115
  -140
  -168
  -198
  -232
  -269
  -308
  -350
  -394
  -442
  -491
  -544
  -598
  -655
  -715
  -777
  -842
  -909
  -978
  -1,051
  -1,126
  -1,204
  -1,286
  -1,370
  -1,458
  -1,550
  -1,645
  -1,744
  -1,848
  -1,956
Issuance/(repayment) of debt, $m
  0
  24
  27
  31
  34
  38
  41
  45
  48
  51
  54
  57
  60
  63
  66
  69
  72
  75
  78
  81
  85
  88
  91
  95
  99
  103
  107
  111
  116
  121
  126
Issuance/(repurchase) of shares, $m
  -74
  184
  215
  250
  287
  328
  371
  417
  465
  516
  569
  601
  659
  720
  783
  848
  916
  986
  1,059
  1,134
  1,213
  1,295
  1,379
  1,468
  1,559
  1,655
  1,754
  1,858
  1,966
  2,079
  2,197
Cash from financing (excl. dividends), $m  
  -84
  208
  242
  281
  321
  366
  412
  462
  513
  567
  623
  658
  719
  783
  849
  917
  988
  1,061
  1,137
  1,215
  1,298
  1,383
  1,470
  1,563
  1,658
  1,758
  1,861
  1,969
  2,082
  2,200
  2,323
Total cash flow (excl. dividends), $m
  21
  94
  103
  113
  123
  134
  144
  153
  163
  173
  182
  168
  176
  185
  194
  202
  211
  220
  228
  237
  247
  256
  267
  277
  288
  299
  312
  324
  338
  352
  367
Retained Cash Flow (-), $m
  -10
  -184
  -215
  -250
  -287
  -328
  -371
  -417
  -465
  -516
  -569
  -601
  -659
  -720
  -783
  -848
  -916
  -986
  -1,059
  -1,134
  -1,213
  -1,295
  -1,379
  -1,468
  -1,559
  -1,655
  -1,754
  -1,858
  -1,966
  -2,079
  -2,197
Prev. year cash balance distribution, $m
 
  96
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  5
  -112
  -137
  -164
  -194
  -227
  -263
  -302
  -343
  -387
  -434
  -483
  -535
  -589
  -646
  -705
  -766
  -830
  -897
  -966
  -1,038
  -1,113
  -1,191
  -1,271
  -1,356
  -1,443
  -1,534
  -1,629
  -1,727
  -1,830
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  5
  -103
  -119
  -135
  -150
  -165
  -178
  -189
  -197
  -203
  -206
  -206
  -203
  -198
  -190
  -179
  -167
  -153
  -138
  -123
  -107
  -92
  -78
  -65
  -53
  -42
  -33
  -25
  -19
  -14
Current shareholders' claim on cash, %
  100
  66.8
  45.5
  31.5
  22.1
  15.7
  11.3
  8.2
  6.0
  4.4
  3.3
  2.5
  1.9
  1.4
  1.1
  0.8
  0.6
  0.5
  0.4
  0.3
  0.2
  0.2
  0.1
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0

Actua Corporation operates as a multi-vertical cloud technology company that creates value for customers and provides transformative efficiency to vertical markets worldwide. The company operates through two segments, Vertical Cloud and Vertical Cloud (Venture). It provides Bolt, a cloud-based platform that allows large insurance carrier-agencies, independent insurance agents, and other insurance-based organizations with access to a range of commercial and personal property, and casualty insurance products. The company also offers FolioDynamix, a cloud-based wealth management technology platform and advisory solutions for managing the wealth management lifecycle across various types of investment programs for wealth management service providers and financial advisors; GovDelivery, a digital communication management platform that enables the public sector to interact with citizens through e-mail, mobile text alerts, really simple syndication, and social media channels; and a set of cloud-based environmental, health, and safety tools that allow customers to control risk at their companies in the areas of incident management, audit and inspection training, compliance management, risk analysis, ergonomics, greenhouse gas reporting, and metrics and reporting. In addition, it operates a cloud-based healthcare payments network focused on healthcare providers, payers, and patients; and a cloud-based transcript exchange and intelligence platform that enables the exchange of electronic transcripts and other student records among schools, universities, state education agencies, and individuals. The company was formerly known as ICG Group, Inc. and changed its name to Actua Corporation in September 2014. Actua Corporation was founded in 1996 and is headquartered in Radnor, Pennsylvania.

FINANCIAL RATIOS  of  Actua (ACTA)

Valuation Ratios
P/E Ratio 6.5
Price to Sales 4.2
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow -45.4
Price to Free Cash Flow -34.9
Growth Rates
Sales Growth Rate 11.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 50%
Cap. Spend. - 3 Yr. Gr. Rate 24.6%
Financial Strength
Quick Ratio 97
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0.3%
Interest Coverage 0
Management Effectiveness
Return On Assets 15.5%
Ret/ On Assets - 3 Yr. Avg. -2.9%
Return On Total Capital 20.1%
Ret/ On T. Cap. - 3 Yr. Avg. -3.4%
Return On Equity 20.1%
Return On Equity - 3 Yr. Avg. -3.4%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 73.4%
Gross Margin - 3 Yr. Avg. 72.6%
EBITDA Margin -22%
EBITDA Margin - 3 Yr. Avg. -55.7%
Operating Margin -41.3%
Oper. Margin - 3 Yr. Avg. -76.4%
Pre-Tax Margin -37.6%
Pre-Tax Margin - 3 Yr. Avg. -72.1%
Net Profit Margin 64.2%
Net Profit Margin - 3 Yr. Avg. -25.3%
Effective Tax Rate 31.7%
Eff/ Tax Rate - 3 Yr. Avg. 18.1%
Payout Ratio 0%

ACTA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ACTA stock intrinsic value calculation we used $109 million for the last fiscal year's total revenue generated by Actua. The default revenue input number comes from 2016 income statement of Actua. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ACTA stock valuation model: a) initial revenue growth rate of 24% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ACTA is calculated based on our internal credit rating of Actua, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Actua.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ACTA stock the variable cost ratio is equal to 194.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ACTA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Actua.

Corporate tax rate of 27% is the nominal tax rate for Actua. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ACTA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ACTA are equal to 74.3%.

Life of production assets of 18.1 years is the average useful life of capital assets used in Actua operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ACTA is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $353 million for Actua - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 39.191 million for Actua is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Actua at the current share price and the inputted number of shares is $0.5 billion.

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COMPANY NEWS

▶ Actua reports 2Q loss   [Aug-09-17 11:43PM  Associated Press]
▶ Actua Corp. Value Analysis (NASDAQ:ACTA) : July 31, 2017   [Jul-31-17 05:27PM  Capital Cube]
▶ ETFs with exposure to Actua Corp. : July 11, 2017   [Jul-11-17 01:56PM  Capital Cube]
▶ ETFs with exposure to Actua Corp. : June 28, 2017   [Jun-28-17 02:30PM  Capital Cube]
▶ Actua to Hold Annual Stockholders Meeting on June 16, 2017   [Jun-06-17 11:13AM  GlobeNewswire]
▶ Actua Corp. Value Analysis (NASDAQ:ACTA) : May 12, 2017   [May-12-17 04:51PM  Capital Cube]
▶ Actua reports 1Q loss   [May-04-17 09:37AM  Associated Press]
▶ ETFs with exposure to Actua Corp. : April 7, 2017   [Apr-07-17 03:41PM  Capital Cube]
▶ Actua posts 4Q profit   [Mar-09-17 08:58AM  Associated Press]
▶ Is Actua Corp (ACTA) a Good Stock to Buy?   [03:01AM  at Insider Monkey]
▶ [$$] Vista Equity Acquiring GovDelivery for $153 Million   [11:47AM  at The Wall Street Journal]
Stock chart of ACTA Financial statements of ACTA
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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