Intrinsic value of Aptargroup - ATR

Previous Close

$83.55

  Intrinsic Value

$56.90

stock screener

  Rating & Target

sell

-32%

  Value-price divergence*

+5%

Previous close

$83.55

 
Intrinsic value

$56.90

 
Up/down potential

-32%

 
Rating

sell

 
Value-price divergence*

+5%

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

We calculate the intrinsic value of ATR 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 5.2

 

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, %
  0.60
  3.30
  3.47
  3.62
  3.76
  3.88
  4.00
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  4.52
  4.57
  4.61
  4.65
  4.68
  4.72
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
  4.91
  4.92
Revenue, $m
  2,331
  2,408
  2,491
  2,582
  2,679
  2,783
  2,894
  3,013
  3,139
  3,273
  3,415
  3,565
  3,725
  3,893
  4,071
  4,258
  4,457
  4,665
  4,885
  5,117
  5,361
  5,618
  5,889
  6,173
  6,473
  6,787
  7,119
  7,467
  7,833
  8,217
  8,622
Variable operating expenses, $m
 
  2,069
  2,140
  2,216
  2,298
  2,385
  2,479
  2,579
  2,685
  2,798
  2,918
  3,004
  3,138
  3,280
  3,430
  3,588
  3,755
  3,930
  4,116
  4,311
  4,517
  4,733
  4,961
  5,201
  5,453
  5,718
  5,997
  6,291
  6,599
  6,923
  7,264
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
  2,020
  2,069
  2,140
  2,216
  2,298
  2,385
  2,479
  2,579
  2,685
  2,798
  2,918
  3,004
  3,138
  3,280
  3,430
  3,588
  3,755
  3,930
  4,116
  4,311
  4,517
  4,733
  4,961
  5,201
  5,453
  5,718
  5,997
  6,291
  6,599
  6,923
  7,264
Operating income, $m
  311
  338
  352
  366
  381
  398
  415
  434
  454
  475
  497
  562
  587
  613
  641
  671
  702
  735
  769
  806
  844
  885
  927
  972
  1,019
  1,069
  1,121
  1,176
  1,234
  1,294
  1,358
EBITDA, $m
  465
  466
  482
  500
  518
  538
  560
  583
  607
  633
  661
  690
  721
  753
  788
  824
  862
  903
  945
  990
  1,037
  1,087
  1,139
  1,195
  1,252
  1,313
  1,377
  1,445
  1,516
  1,590
  1,668
Interest expense (income), $m
  36
  32
  33
  35
  37
  39
  42
  44
  47
  50
  53
  56
  59
  63
  66
  70
  74
  79
  83
  88
  93
  99
  104
  110
  117
  123
  130
  138
  145
  153
  162
Earnings before tax, $m
  281
  307
  318
  331
  344
  358
  373
  390
  407
  425
  445
  506
  528
  551
  575
  601
  628
  656
  686
  718
  751
  786
  823
  862
  903
  946
  991
  1,038
  1,088
  1,141
  1,196
Tax expense, $m
  75
  83
  86
  89
  93
  97
  101
  105
  110
  115
  120
  137
  142
  149
  155
  162
  169
  177
  185
  194
  203
  212
  222
  233
  244
  255
  268
  280
  294
  308
  323
Net income, $m
  206
  224
  232
  241
  251
  261
  273
  284
  297
  310
  325
  369
  385
  402
  420
  438
  458
  479
  501
  524
  548
  574
  601
  629
  659
  690
  723
  758
  794
  833
  873

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  466
  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
  2,607
  2,211
  2,288
  2,371
  2,460
  2,555
  2,658
  2,766
  2,882
  3,005
  3,136
  3,274
  3,420
  3,575
  3,738
  3,910
  4,092
  4,284
  4,486
  4,699
  4,923
  5,159
  5,407
  5,669
  5,944
  6,233
  6,537
  6,856
  7,192
  7,546
  7,917
Adjusted assets (=assets-cash), $m
  2,141
  2,211
  2,288
  2,371
  2,460
  2,555
  2,658
  2,766
  2,882
  3,005
  3,136
  3,274
  3,420
  3,575
  3,738
  3,910
  4,092
  4,284
  4,486
  4,699
  4,923
  5,159
  5,407
  5,669
  5,944
  6,233
  6,537
  6,856
  7,192
  7,546
  7,917
Revenue / Adjusted assets
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
  1.089
Average production assets, $m
  838
  867
  897
  929
  964
  1,002
  1,042
  1,085
  1,130
  1,178
  1,229
  1,284
  1,341
  1,401
  1,465
  1,533
  1,604
  1,680
  1,759
  1,842
  1,930
  2,023
  2,120
  2,222
  2,330
  2,443
  2,563
  2,688
  2,820
  2,958
  3,104
Working capital, $m
  727
  450
  466
  483
  501
  520
  541
  563
  587
  612
  639
  667
  697
  728
  761
  796
  833
  872
  914
  957
  1,003
  1,051
  1,101
  1,154
  1,210
  1,269
  1,331
  1,396
  1,465
  1,537
  1,612
Total debt, $m
  947
  814
  859
  908
  960
  1,017
  1,077
  1,141
  1,209
  1,281
  1,358
  1,439
  1,525
  1,616
  1,712
  1,813
  1,920
  2,033
  2,152
  2,277
  2,409
  2,548
  2,694
  2,847
  3,009
  3,179
  3,358
  3,546
  3,743
  3,951
  4,169
Total liabilities, $m
  1,433
  1,300
  1,345
  1,394
  1,446
  1,503
  1,563
  1,627
  1,695
  1,767
  1,844
  1,925
  2,011
  2,102
  2,198
  2,299
  2,406
  2,519
  2,638
  2,763
  2,895
  3,034
  3,180
  3,333
  3,495
  3,665
  3,844
  4,032
  4,229
  4,437
  4,655
Total equity, $m
  1,174
  911
  943
  977
  1,013
  1,053
  1,095
  1,140
  1,187
  1,238
  1,292
  1,349
  1,409
  1,473
  1,540
  1,611
  1,686
  1,765
  1,848
  1,936
  2,028
  2,126
  2,228
  2,336
  2,449
  2,568
  2,693
  2,825
  2,963
  3,109
  3,262
Total liabilities and equity, $m
  2,607
  2,211
  2,288
  2,371
  2,459
  2,556
  2,658
  2,767
  2,882
  3,005
  3,136
  3,274
  3,420
  3,575
  3,738
  3,910
  4,092
  4,284
  4,486
  4,699
  4,923
  5,160
  5,408
  5,669
  5,944
  6,233
  6,537
  6,857
  7,192
  7,546
  7,917
Debt-to-equity ratio
  0.807
  0.890
  0.910
  0.930
  0.950
  0.970
  0.980
  1.000
  1.020
  1.030
  1.050
  1.070
  1.080
  1.100
  1.110
  1.130
  1.140
  1.150
  1.160
  1.180
  1.190
  1.200
  1.210
  1.220
  1.230
  1.240
  1.250
  1.260
  1.260
  1.270
  1.280
Adjusted equity ratio
  0.410
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  206
  224
  232
  241
  251
  261
  273
  284
  297
  310
  325
  369
  385
  402
  420
  438
  458
  479
  501
  524
  548
  574
  601
  629
  659
  690
  723
  758
  794
  833
  873
Depreciation, amort., depletion, $m
  154
  127
  130
  134
  137
  141
  145
  149
  154
  159
  164
  128
  134
  140
  147
  153
  160
  168
  176
  184
  193
  202
  212
  222
  233
  244
  256
  269
  282
  296
  310
Funds from operations, $m
  270
  351
  363
  375
  388
  402
  418
  434
  451
  469
  488
  498
  519
  542
  566
  592
  619
  647
  677
  708
  741
  776
  813
  851
  892
  935
  980
  1,027
  1,076
  1,129
  1,183
Change in working capital, $m
  -57
  14
  16
  17
  18
  19
  21
  22
  24
  25
  27
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  53
  56
  59
  62
  65
  68
  72
  76
Cash from operations, $m
  327
  337
  347
  358
  370
  383
  397
  411
  427
  444
  462
  470
  489
  511
  533
  557
  582
  608
  636
  665
  696
  728
  762
  798
  836
  876
  918
  962
  1,008
  1,057
  1,108
Maintenance CAPEX, $m
  0
  -84
  -87
  -90
  -93
  -96
  -100
  -104
  -108
  -113
  -118
  -123
  -128
  -134
  -140
  -147
  -153
  -160
  -168
  -176
  -184
  -193
  -202
  -212
  -222
  -233
  -244
  -256
  -269
  -282
  -296
New CAPEX, $m
  -131
  -29
  -30
  -32
  -35
  -37
  -40
  -43
  -45
  -48
  -51
  -54
  -57
  -61
  -64
  -68
  -71
  -75
  -79
  -83
  -88
  -93
  -97
  -102
  -108
  -113
  -119
  -125
  -132
  -138
  -146
Cash from investing activities, $m
  -301
  -113
  -117
  -122
  -128
  -133
  -140
  -147
  -153
  -161
  -169
  -177
  -185
  -195
  -204
  -215
  -224
  -235
  -247
  -259
  -272
  -286
  -299
  -314
  -330
  -346
  -363
  -381
  -401
  -420
  -442
Free cash flow, $m
  26
  224
  230
  236
  242
  249
  257
  265
  273
  283
  293
  292
  304
  316
  329
  342
  357
  372
  388
  406
  424
  443
  463
  484
  506
  529
  554
  580
  607
  636
  666
Issuance/(repayment) of debt, $m
  114
  41
  45
  49
  52
  56
  60
  64
  68
  72
  77
  81
  86
  91
  96
  101
  107
  113
  119
  125
  132
  139
  146
  154
  162
  170
  179
  188
  198
  208
  218
Issuance/(repurchase) of shares, $m
  -78
  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 from financing (excl. dividends), $m  
  45
  41
  45
  49
  52
  56
  60
  64
  68
  72
  77
  81
  86
  91
  96
  101
  107
  113
  119
  125
  132
  139
  146
  154
  162
  170
  179
  188
  198
  208
  218
Total cash flow (excl. dividends), $m
  53
  266
  276
  285
  295
  305
  317
  329
  341
  355
  369
  374
  390
  407
  425
  444
  464
  485
  507
  531
  555
  581
  609
  637
  668
  699
  733
  768
  805
  844
  885
Retained Cash Flow (-), $m
  -25
  -29
  -32
  -34
  -37
  -39
  -42
  -45
  -48
  -51
  -54
  -57
  -60
  -64
  -67
  -71
  -75
  -79
  -83
  -88
  -92
  -97
  -102
  -108
  -113
  -119
  -125
  -132
  -138
  -146
  -153
Prev. year cash balance distribution, $m
 
  292
  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
 
  529
  244
  251
  258
  266
  274
  284
  294
  304
  316
  317
  330
  343
  358
  373
  389
  406
  424
  443
  463
  484
  506
  530
  554
  580
  608
  636
  667
  698
  732
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
 
  507
  223
  218
  212
  206
  199
  192
  184
  175
  165
  150
  141
  130
  120
  109
  99
  88
  78
  68
  59
  50
  42
  35
  28
  23
  18
  14
  10
  8
  6
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

AptarGroup, Inc. provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage. The Beauty + Home segment primarily sells pumps, closures, aerosol valves, and accessories to the personal care and household markets; and pumps and decorative components to the beauty market. The Pharma segment provides pumps for nasal allergy treatments; and metered dose inhaler valves for respiratory ailments in pharmaceutical market. The Food + Beverage segment offers dispensing and non-dispensing closures, spray pumps, and aerosol valves to the food and beverage markets. The company also manufactures and sells elastomeric primary packaging components for injectable market, which include stoppers for infusion, antibiotic, lyophilization, and diagnostic vials; and pre-filled syringe components, such as plungers, needle shields, tip caps and cartridges, and dropper bulbs and syringe plungers. AptarGroup, Inc. sells its products through own sales force, as well as independent representatives and distributors. The company was founded in 1992 and is based in Crystal Lake, Illinois.

FINANCIAL RATIOS  of  Aptargroup (ATR)

Valuation Ratios
P/E Ratio 25.2
Price to Sales 2.2
Price to Book 4.4
Price to Tangible Book
Price to Cash Flow 15.9
Price to Free Cash Flow 26.5
Growth Rates
Sales Growth Rate 0.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -12.1%
Cap. Spend. - 3 Yr. Gr. Rate -2.9%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 65.8%
Total Debt to Equity 80.7%
Interest Coverage 9
Management Effectiveness
Return On Assets 9.2%
Ret/ On Assets - 3 Yr. Avg. 8.9%
Return On Total Capital 10.1%
Ret/ On T. Cap. - 3 Yr. Avg. 10%
Return On Equity 17.7%
Return On Equity - 3 Yr. Avg. 16.8%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 35.7%
Gross Margin - 3 Yr. Avg. 34.5%
EBITDA Margin 20.2%
EBITDA Margin - 3 Yr. Avg. 19.3%
Operating Margin 13.3%
Oper. Margin - 3 Yr. Avg. 13%
Pre-Tax Margin 12.1%
Pre-Tax Margin - 3 Yr. Avg. 11.9%
Net Profit Margin 8.8%
Net Profit Margin - 3 Yr. Avg. 8.3%
Effective Tax Rate 26.7%
Eff/ Tax Rate - 3 Yr. Avg. 30.7%
Payout Ratio 37.4%

ATR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ATR stock intrinsic value calculation we used $2331 million for the last fiscal year's total revenue generated by Aptargroup. The default revenue input number comes from 2016 income statement of Aptargroup. 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 ATR stock valuation model: a) initial revenue growth rate of 3.3% 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 ATR is calculated based on our internal credit rating of Aptargroup, 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 Aptargroup.
    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 ATR stock the variable cost ratio is equal to 86%.

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 ATR 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 4.1% for Aptargroup.

Corporate tax rate of 27% is the nominal tax rate for Aptargroup. 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 ATR 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 ATR are equal to 36%.

Life of production assets of 10 years is the average useful life of capital assets used in Aptargroup 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 ATR is equal to 18.7%. 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 - $1174 million for Aptargroup - 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 62.714 million for Aptargroup 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 Aptargroup at the current share price and the inputted number of shares is $5.2 billion.

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COMPANY NEWS

▶ Ateba Announces Change of Management   [Aug-10-17 05:12PM  Newsfile]
▶ AptarGroup Follows a Good Quarter With Light Guidance   [Jul-29-17 10:00AM  Motley Fool]
▶ AptarGroup beats 2Q profit forecasts   [Jul-28-17 12:44AM  Associated Press]
▶ AptarGroup Reports Second Quarter Results   [Jul-27-17 05:00PM  Business Wire]
▶ AptarGroup Declares Quarterly Dividend   [05:00PM  Business Wire]
▶ ETFs with exposure to AptarGroup, Inc. : June 26, 2017   [Jun-26-17 03:20PM  Capital Cube]
▶ ETFs with exposure to AptarGroup, Inc. : June 9, 2017   [Jun-09-17 01:16PM  Capital Cube]
▶ AptarGroup Releases Corporate Sustainability Report   [May-31-17 02:00PM  Business Wire]
▶ New Strong Buy Stocks for May 15th   [May-15-17 10:12AM  Zacks]
▶ New Strong Buy Stocks At 52-Week Highs Today   [May-09-17 07:13PM  Zacks]
▶ AptarGroup, Inc. Returns to Growth   [Apr-29-17 11:00AM  Motley Fool]
▶ AptarGroup tops Street 1Q forecasts   [Apr-27-17 07:06PM  Associated Press]
▶ AptarGroup Declares Quarterly Dividend   [Apr-20-17 05:00PM  Business Wire]
▶ Weekly CEO Buys Highlights   [Mar-06-17 01:18PM  GuruFocus.com]
▶ AptarGroup Declares Quarterly Dividend   [Jan-19-17 05:00PM  Business Wire]
▶ Do Hedge Funds Love AptarGroup, Inc. (ATR)?   [Dec-09-16 06:04AM  at Insider Monkey]
▶ The Best Plastic Stocks to Buy Today   [Dec-03-16 03:03PM  at Motley Fool]
▶ Should You Buy Godaddy Inc (GDDY)?   [Nov-30-16 09:34AM  at Insider Monkey]
▶ Hedge Funds Are Buying Vail Resorts, Inc. (MTN)   [06:52AM  at Insider Monkey]
▶ AptarGroup Announces CEO Succession Plan   [02:00AM  Business Wire]
▶ AptarGroup Reports Third Quarter Results   [05:00PM  Business Wire]
Stock chart of ATR Financial statements of ATR
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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