Intrinsic value of Amber Road - AMBR

Previous Close

$7.67

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

  Value-price divergence*

-121%

Previous close

$7.67

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

 
Value-price divergence*

-121%

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

We calculate the intrinsic value of AMBR 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 0.2

 

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, %
  8.96
  11.80
  11.12
  10.51
  9.96
  9.46
  9.02
  8.61
  8.25
  7.93
  7.63
  7.37
  7.13
  6.92
  6.73
  6.56
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
  5.60
  5.54
  5.49
  5.44
  5.40
  5.36
  5.32
Revenue, $m
  73
  82
  91
  100
  110
  121
  131
  143
  155
  167
  180
  193
  207
  221
  236
  251
  267
  284
  301
  320
  339
  358
  379
  400
  423
  446
  471
  496
  523
  551
  580
Variable operating expenses, $m
 
  113
  126
  138
  152
  166
  180
  195
  211
  227
  244
  258
  276
  295
  315
  336
  357
  380
  403
  427
  453
  479
  506
  535
  565
  596
  629
  663
  699
  737
  776
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
  90
  113
  126
  138
  152
  166
  180
  195
  211
  227
  244
  258
  276
  295
  315
  336
  357
  380
  403
  427
  453
  479
  506
  535
  565
  596
  629
  663
  699
  737
  776
Operating income, $m
  -17
  -32
  -35
  -38
  -42
  -45
  -49
  -52
  -56
  -61
  -65
  -65
  -70
  -74
  -79
  -85
  -90
  -96
  -102
  -108
  -114
  -121
  -128
  -135
  -142
  -150
  -158
  -167
  -176
  -186
  -195
EBITDA, $m
  -10
  -25
  -28
  -31
  -34
  -38
  -41
  -45
  -48
  -52
  -56
  -60
  -64
  -69
  -74
  -78
  -83
  -89
  -94
  -100
  -106
  -112
  -118
  -125
  -132
  -139
  -147
  -155
  -163
  -172
  -181
Interest expense (income), $m
  1
  1
  1
  2
  2
  3
  3
  3
  4
  5
  5
  6
  6
  7
  7
  8
  9
  9
  10
  11
  12
  13
  14
  14
  15
  16
  17
  18
  20
  21
  22
Earnings before tax, $m
  -18
  -33
  -36
  -40
  -44
  -48
  -52
  -56
  -60
  -65
  -70
  -71
  -76
  -81
  -87
  -93
  -99
  -105
  -112
  -119
  -126
  -133
  -141
  -149
  -158
  -167
  -176
  -186
  -196
  -206
  -217
Tax expense, $m
  1
  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
  -19
  -33
  -36
  -40
  -44
  -48
  -52
  -56
  -60
  -65
  -70
  -71
  -76
  -81
  -87
  -93
  -99
  -105
  -112
  -119
  -126
  -133
  -141
  -149
  -158
  -167
  -176
  -186
  -196
  -206
  -217

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  15
  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
  110
  106
  118
  130
  143
  157
  171
  186
  201
  217
  234
  251
  269
  288
  307
  327
  348
  370
  393
  416
  441
  466
  493
  521
  550
  581
  613
  646
  681
  717
  756
Adjusted assets (=assets-cash), $m
  95
  106
  118
  130
  143
  157
  171
  186
  201
  217
  234
  251
  269
  288
  307
  327
  348
  370
  393
  416
  441
  466
  493
  521
  550
  581
  613
  646
  681
  717
  756
Revenue / Adjusted assets
  0.768
  0.774
  0.771
  0.769
  0.769
  0.771
  0.766
  0.769
  0.771
  0.770
  0.769
  0.769
  0.770
  0.767
  0.769
  0.768
  0.767
  0.768
  0.766
  0.769
  0.769
  0.768
  0.769
  0.768
  0.769
  0.768
  0.768
  0.768
  0.768
  0.768
  0.767
Average production assets, $m
  18
  20
  22
  25
  27
  30
  32
  35
  38
  41
  44
  48
  51
  55
  58
  62
  66
  70
  74
  79
  84
  88
  94
  99
  104
  110
  116
  123
  129
  136
  143
Working capital, $m
  -11
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -17
  -18
  -19
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -45
  -47
  -50
  -52
  -55
  -58
Total debt, $m
  23
  30
  39
  49
  59
  70
  81
  93
  105
  117
  131
  144
  158
  173
  188
  204
  221
  238
  256
  274
  294
  314
  335
  357
  380
  404
  430
  456
  483
  512
  542
Total liabilities, $m
  78
  84
  93
  103
  113
  124
  135
  147
  159
  171
  185
  198
  212
  227
  242
  258
  275
  292
  310
  328
  348
  368
  389
  411
  434
  458
  484
  510
  537
  566
  596
Total equity, $m
  33
  22
  25
  28
  30
  33
  36
  39
  42
  46
  49
  53
  57
  61
  65
  69
  73
  78
  83
  88
  93
  98
  104
  110
  116
  123
  129
  136
  144
  151
  159
Total liabilities and equity, $m
  111
  106
  118
  131
  143
  157
  171
  186
  201
  217
  234
  251
  269
  288
  307
  327
  348
  370
  393
  416
  441
  466
  493
  521
  550
  581
  613
  646
  681
  717
  755
Debt-to-equity ratio
  0.697
  1.330
  1.570
  1.780
  1.960
  2.110
  2.240
  2.360
  2.470
  2.560
  2.650
  2.720
  2.790
  2.850
  2.910
  2.960
  3.000
  3.050
  3.090
  3.120
  3.160
  3.190
  3.220
  3.250
  3.270
  3.300
  3.320
  3.340
  3.360
  3.380
  3.400
Adjusted equity ratio
  0.189
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -19
  -33
  -36
  -40
  -44
  -48
  -52
  -56
  -60
  -65
  -70
  -71
  -76
  -81
  -87
  -93
  -99
  -105
  -112
  -119
  -126
  -133
  -141
  -149
  -158
  -167
  -176
  -186
  -196
  -206
  -217
Depreciation, amort., depletion, $m
  7
  6
  7
  7
  7
  7
  8
  8
  8
  9
  9
  5
  5
  5
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
  10
  11
  12
  12
  13
  14
  14
Funds from operations, $m
  4
  -26
  -30
  -33
  -36
  -40
  -44
  -48
  -52
  -57
  -61
  -66
  -71
  -76
  -81
  -86
  -92
  -98
  -104
  -111
  -117
  -124
  -132
  -139
  -147
  -156
  -164
  -173
  -183
  -193
  -203
Change in working capital, $m
  4
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
Cash from operations, $m
  0
  -26
  -29
  -32
  -35
  -39
  -43
  -47
  -51
  -55
  -60
  -64
  -69
  -74
  -80
  -85
  -91
  -96
  -103
  -109
  -116
  -122
  -130
  -137
  -145
  -153
  -162
  -171
  -180
  -190
  -200
Maintenance CAPEX, $m
  0
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -14
New CAPEX, $m
  -3
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
Cash from investing activities, $m
  -3
  -4
  -4
  -4
  -4
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -11
  -13
  -13
  -14
  -14
  -16
  -16
  -17
  -18
  -19
  -20
  -21
Free cash flow, $m
  -3
  -29
  -33
  -37
  -40
  -44
  -49
  -53
  -57
  -62
  -67
  -72
  -77
  -83
  -89
  -95
  -101
  -107
  -114
  -121
  -128
  -136
  -144
  -152
  -160
  -169
  -179
  -189
  -199
  -210
  -221
Issuance/(repayment) of debt, $m
  -1
  9
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
  15
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
Issuance/(repurchase) of shares, $m
  2
  35
  39
  42
  46
  50
  55
  59
  64
  68
  73
  74
  80
  85
  91
  97
  103
  110
  117
  124
  131
  139
  147
  155
  164
  173
  183
  193
  203
  214
  225
Cash from financing (excl. dividends), $m  
  1
  44
  48
  52
  56
  61
  66
  71
  76
  81
  86
  88
  94
  100
  106
  113
  120
  127
  135
  143
  150
  159
  168
  177
  187
  197
  208
  219
  231
  243
  255
Total cash flow (excl. dividends), $m
  -2
  15
  15
  16
  16
  17
  17
  18
  18
  19
  19
  16
  16
  17
  18
  18
  19
  20
  21
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
Retained Cash Flow (-), $m
  12
  -35
  -39
  -42
  -46
  -50
  -55
  -59
  -64
  -68
  -73
  -74
  -80
  -85
  -91
  -97
  -103
  -110
  -117
  -124
  -131
  -139
  -147
  -155
  -164
  -173
  -183
  -193
  -203
  -214
  -225
Prev. year cash balance distribution, $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
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
 
  -8
  -24
  -27
  -30
  -34
  -37
  -41
  -45
  -50
  -54
  -59
  -63
  -68
  -73
  -79
  -84
  -90
  -96
  -102
  -109
  -115
  -122
  -130
  -137
  -145
  -154
  -162
  -171
  -181
  -191
Discount rate, %
 
  6.80
  7.14
  7.50
  7.87
  8.27
  8.68
  9.11
  9.57
  10.05
  10.55
  11.08
  11.63
  12.21
  12.82
  13.46
  14.14
  14.84
  15.59
  16.37
  17.18
  18.04
  18.94
  19.89
  20.89
  21.93
  23.03
  24.18
  25.39
  26.66
  27.99
PV of cash for distribution, $m
 
  -7
  -21
  -22
  -22
  -23
  -23
  -22
  -22
  -21
  -20
  -18
  -17
  -15
  -14
  -12
  -10
  -9
  -7
  -6
  -5
  -4
  -3
  -2
  -1
  -1
  -1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  77.6
  60.4
  47.2
  37.0
  29.0
  22.9
  18.0
  14.2
  11.2
  8.9
  7.1
  5.7
  4.6
  3.7
  3.0
  2.4
  1.9
  1.5
  1.2
  1.0
  0.8
  0.6
  0.5
  0.4
  0.3
  0.3
  0.2
  0.2
  0.1
  0.1

Amber Road, Inc. provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company’s GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database to importers and exporters, nonvessel owning common carriers, and ocean carriers. It provides its solution to various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. The company was formerly known as Management Dynamics Inc. and changed its name to Amber Road, Inc. in 2011. Amber Road, Inc. was incorporated in 1984 and is headquartered in East Rutherford, New Jersey.

FINANCIAL RATIOS  of  Amber Road (AMBR)

Valuation Ratios
P/E Ratio -10.9
Price to Sales 2.8
Price to Book 6.3
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow -68.9
Growth Rates
Sales Growth Rate 9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 8
Current Ratio 0.1
LT Debt to Equity 63.6%
Total Debt to Equity 69.7%
Interest Coverage -17
Management Effectiveness
Return On Assets -16%
Ret/ On Assets - 3 Yr. Avg. -23.9%
Return On Total Capital -30.6%
Ret/ On T. Cap. - 3 Yr. Avg. -44.2%
Return On Equity -48.7%
Return On Equity - 3 Yr. Avg. -56.8%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 50.7%
Gross Margin - 3 Yr. Avg. 50.8%
EBITDA Margin -13.7%
EBITDA Margin - 3 Yr. Avg. -25.3%
Operating Margin -23.3%
Oper. Margin - 3 Yr. Avg. -35%
Pre-Tax Margin -24.7%
Pre-Tax Margin - 3 Yr. Avg. -36%
Net Profit Margin -26%
Net Profit Margin - 3 Yr. Avg. -37%
Effective Tax Rate -5.6%
Eff/ Tax Rate - 3 Yr. Avg. -3.1%
Payout Ratio 0%

AMBR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AMBR stock intrinsic value calculation we used $73 million for the last fiscal year's total revenue generated by Amber Road. The default revenue input number comes from 2016 income statement of Amber Road. 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 AMBR stock valuation model: a) initial revenue growth rate of 11.8% 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 6.8%, whose default value for AMBR is calculated based on our internal credit rating of Amber Road, 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 Amber Road.
    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 AMBR stock the variable cost ratio is equal to 139.7%.

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 AMBR 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 4.3% for Amber Road.

Corporate tax rate of 27% is the nominal tax rate for Amber Road. 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 AMBR 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 AMBR are equal to 24.7%.

Life of production assets of 10 years is the average useful life of capital assets used in Amber Road 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 AMBR 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 - $33 million for Amber Road - 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 26.196 million for Amber Road 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 Amber Road at the current share price and the inputted number of shares is $0.2 billion.

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COMPANY NEWS

▶ Amber Road reports 2Q loss   [Aug-04-17 02:28AM  Associated Press]
▶ Amber Road Announces Second Quarter 2017 Financial Results   [Aug-03-17 04:15PM  Business Wire]
▶ Amber Road to Present at Investor Conferences in August   [Aug-01-17 04:15PM  Business Wire]
▶ Amber Road Enhances Restricted Party Screening for PEP   [Jul-13-17 09:00AM  Business Wire]
▶ Amber Road to Report Second Quarter 2017 Financial Results   [Jul-12-17 04:15PM  Business Wire]
▶ ETFs with exposure to Amber Road, Inc. : July 4, 2017   [Jul-04-17 02:31PM  Capital Cube]
▶ Amber Road Expands Free Trade Agreement Solution   [Jun-29-17 09:00AM  Business Wire]
▶ ETFs with exposure to Amber Road, Inc. : June 16, 2017   [Jun-16-17 03:21PM  Capital Cube]
▶ Amber Road reports 1Q loss   [May-08-17 05:54PM  Associated Press]
▶ ETFs with exposure to Amber Road, Inc. : May 3, 2017   [May-03-17 03:35PM  Capital Cube]
▶ Amber Road to Report First Quarter 2017 Financial Results   [Apr-13-17 04:15PM  Business Wire]
▶ ETFs with exposure to Amber Road, Inc. : April 7, 2017   [Apr-07-17 03:45PM  Capital Cube]
▶ Amber Road to Present at the Pacific Crest Conference   [Feb-22-17 04:15PM  Business Wire]
▶ Why Amber Road Inc. Stock Fell Sharply   [Feb-17-17 01:43PM  Motley Fool]
▶ Why Amber Road Inc. Stock Fell Sharply   [01:43PM  at Motley Fool]
▶ Amber Road reports 4Q loss   [Feb-16-17 05:09PM  Associated Press]
▶ Is Amber Road Inc (AMBR) Going to Burn These Hedge Funds?   [Dec-09-16 04:37AM  at Insider Monkey]
▶ Four Small Cap Value Stocks Which Could Surge in 2017   [Oct-19-16 03:37PM  at TheStreet]
▶ Amber Road to Report Third Quarter 2016 Financial Results   [Oct-13-16 04:15PM  Business Wire]
▶ Amber Road Inc. (AMBR): Discovery Group Decreases Stake   [Sep-08-16 11:25AM  at Insider Monkey]
▶ Baron Funds Comments on Amber Road   [Aug-10-16 03:45PM  Gurufocus]
▶ Amber Road reports 2Q loss   [Aug-04-16 07:45PM  AP]
▶ Amber Road to Present at Investor Conferences in August   [Aug-01-16 04:05PM  Business Wire]
▶ Amber Road to Report Second Quarter 2016 Financial Results   [Jul-14-16 04:15PM  Business Wire]
▶ BREXIT - What Will This Mean for Global Trade?   [Jun-24-16 07:20PM  Business Wire]
▶ Disregarding Trade Compliance is Risky Business   [Jun-06-16 09:00AM  Business Wire]
▶ Columbia Wanger Sells Out of Amber Road   [Apr-26-16 05:44PM  Gurufocus]
▶ Amber Road to Report First Quarter 2016 Financial Results   [Apr-13-16 04:15PM  Business Wire]
Stock chart of AMBR Financial statements of AMBR
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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