Intrinsic value of AV Homes - AVHI

Previous Close

$18.75

  Intrinsic Value

$15.47

stock screener

  Rating & Target

hold

-18%

Previous close

$18.75

 
Intrinsic value

$15.47

 
Up/down potential

-18%

 
Rating

hold

Our model is not good at valuating stocks of financial companies, such as AVHI.

We calculate the intrinsic value of AVHI 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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, %
  50.39
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  779
  795
  813
  834
  857
  883
  912
  943
  976
  1,013
  1,051
  1,093
  1,137
  1,185
  1,235
  1,288
  1,345
  1,404
  1,467
  1,534
  1,605
  1,679
  1,758
  1,840
  1,927
  2,019
  2,116
  2,217
  2,324
  2,437
  2,555
Variable operating expenses, $m
 
  733
  750
  769
  791
  815
  841
  870
  901
  934
  970
  1,006
  1,047
  1,090
  1,137
  1,186
  1,238
  1,293
  1,351
  1,412
  1,477
  1,546
  1,618
  1,694
  1,774
  1,859
  1,948
  2,041
  2,140
  2,243
  2,352
Fixed operating expenses, $m
 
  19
  20
  20
  21
  21
  22
  23
  23
  24
  24
  25
  26
  26
  27
  28
  28
  29
  30
  30
  31
  32
  33
  34
  34
  35
  36
  37
  38
  39
  40
Total operating expenses, $m
  738
  752
  770
  789
  812
  836
  863
  893
  924
  958
  994
  1,031
  1,073
  1,116
  1,164
  1,214
  1,266
  1,322
  1,381
  1,442
  1,508
  1,578
  1,651
  1,728
  1,808
  1,894
  1,984
  2,078
  2,178
  2,282
  2,392
Operating income, $m
  41
  42
  43
  44
  45
  47
  48
  50
  53
  55
  57
  62
  65
  68
  71
  75
  79
  83
  87
  92
  96
  101
  107
  113
  119
  125
  132
  139
  147
  155
  163
EBITDA, $m
  47
  48
  49
  50
  51
  53
  55
  57
  59
  62
  64
  67
  70
  74
  77
  81
  85
  90
  94
  99
  104
  110
  116
  122
  128
  135
  142
  150
  158
  167
  176
Interest expense (income), $m
  2
  10
  10
  10
  11
  11
  11
  12
  13
  13
  14
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
  30
  31
  33
  35
  37
  39
Earnings before tax, $m
  38
  32
  33
  34
  35
  36
  37
  38
  40
  42
  44
  47
  50
  52
  54
  57
  60
  63
  66
  70
  73
  77
  82
  86
  91
  95
  101
  106
  112
  118
  124
Tax expense, $m
  -109
  9
  9
  9
  9
  10
  10
  10
  11
  11
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  26
  27
  29
  30
  32
  34
Net income, $m
  147
  23
  24
  25
  25
  26
  27
  28
  29
  30
  32
  35
  36
  38
  40
  42
  44
  46
  48
  51
  54
  56
  59
  63
  66
  70
  73
  77
  82
  86
  91

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  68
  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
  840
  787
  806
  826
  850
  875
  904
  934
  968
  1,004
  1,042
  1,083
  1,127
  1,174
  1,224
  1,277
  1,333
  1,392
  1,454
  1,521
  1,590
  1,664
  1,742
  1,824
  1,910
  2,001
  2,097
  2,198
  2,304
  2,415
  2,533
Adjusted assets (=assets-cash), $m
  772
  787
  806
  826
  850
  875
  904
  934
  968
  1,004
  1,042
  1,083
  1,127
  1,174
  1,224
  1,277
  1,333
  1,392
  1,454
  1,521
  1,590
  1,664
  1,742
  1,824
  1,910
  2,001
  2,097
  2,198
  2,304
  2,415
  2,533
Revenue / Adjusted assets
  1.009
  1.010
  1.009
  1.010
  1.008
  1.009
  1.009
  1.010
  1.008
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
  1.009
Average production assets, $m
  35
  35
  36
  37
  38
  39
  40
  41
  43
  45
  46
  48
  50
  52
  54
  57
  59
  62
  65
  68
  71
  74
  77
  81
  85
  89
  93
  98
  102
  107
  112
Working capital, $m
  0
  -69
  -71
  -73
  -75
  -77
  -79
  -82
  -85
  -88
  -91
  -95
  -99
  -103
  -107
  -112
  -117
  -122
  -128
  -133
  -140
  -146
  -153
  -160
  -168
  -176
  -184
  -193
  -202
  -212
  -222
Total debt, $m
  276
  284
  293
  303
  315
  328
  342
  358
  375
  393
  412
  433
  455
  479
  504
  530
  559
  588
  620
  653
  689
  726
  765
  806
  850
  896
  944
  995
  1,048
  1,104
  1,163
Total liabilities, $m
  389
  397
  406
  416
  428
  441
  455
  471
  488
  506
  525
  546
  568
  592
  617
  643
  672
  701
  733
  766
  802
  839
  878
  919
  963
  1,009
  1,057
  1,108
  1,161
  1,217
  1,276
Total equity, $m
  451
  391
  400
  410
  421
  434
  448
  463
  480
  498
  517
  537
  559
  582
  607
  633
  661
  690
  721
  754
  789
  825
  864
  905
  947
  993
  1,040
  1,090
  1,143
  1,198
  1,256
Total liabilities and equity, $m
  840
  788
  806
  826
  849
  875
  903
  934
  968
  1,004
  1,042
  1,083
  1,127
  1,174
  1,224
  1,276
  1,333
  1,391
  1,454
  1,520
  1,591
  1,664
  1,742
  1,824
  1,910
  2,002
  2,097
  2,198
  2,304
  2,415
  2,532
Debt-to-equity ratio
  0.612
  0.730
  0.730
  0.740
  0.750
  0.760
  0.760
  0.770
  0.780
  0.790
  0.800
  0.810
  0.810
  0.820
  0.830
  0.840
  0.850
  0.850
  0.860
  0.870
  0.870
  0.880
  0.890
  0.890
  0.900
  0.900
  0.910
  0.910
  0.920
  0.920
  0.930
Adjusted equity ratio
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496
  0.496

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  147
  23
  24
  25
  25
  26
  27
  28
  29
  30
  32
  35
  36
  38
  40
  42
  44
  46
  48
  51
  54
  56
  59
  63
  66
  70
  73
  77
  82
  86
  91
Depreciation, amort., depletion, $m
  6
  6
  6
  6
  6
  6
  6
  7
  7
  7
  7
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  10
  11
  11
  12
  13
Funds from operations, $m
  102
  29
  30
  31
  31
  32
  33
  35
  36
  37
  39
  40
  42
  44
  46
  48
  50
  53
  56
  59
  62
  65
  68
  72
  76
  80
  84
  88
  93
  98
  104
Change in working capital, $m
  28
  -1
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
Cash from operations, $m
  74
  31
  31
  32
  33
  35
  36
  37
  39
  40
  42
  44
  46
  48
  50
  53
  55
  58
  61
  64
  68
  71
  75
  79
  83
  88
  92
  97
  102
  108
  114
Maintenance CAPEX, $m
  0
  -4
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
New CAPEX, $m
  -2
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
Cash from investing activities, $m
  -2
  -4
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -8
  -10
  -10
  -10
  -11
  -11
  -11
  -13
  -13
  -14
  -14
  -14
  -16
  -16
  -17
Free cash flow, $m
  72
  26
  27
  27
  28
  29
  30
  31
  33
  34
  36
  37
  38
  40
  42
  44
  47
  49
  51
  54
  57
  60
  63
  67
  70
  74
  78
  82
  87
  92
  97
Issuance/(repayment) of debt, $m
  -47
  8
  9
  10
  12
  13
  14
  16
  17
  18
  19
  21
  22
  24
  25
  27
  28
  30
  32
  33
  35
  37
  39
  41
  44
  46
  48
  51
  53
  56
  59
Issuance/(repurchase) of shares, $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
  0
Cash from financing (excl. dividends), $m  
  -51
  8
  9
  10
  12
  13
  14
  16
  17
  18
  19
  21
  22
  24
  25
  27
  28
  30
  32
  33
  35
  37
  39
  41
  44
  46
  48
  51
  53
  56
  59
Total cash flow (excl. dividends), $m
  21
  34
  36
  38
  40
  42
  45
  47
  49
  52
  55
  57
  61
  64
  67
  71
  75
  79
  83
  88
  92
  97
  102
  108
  114
  120
  126
  133
  140
  148
  156
Retained Cash Flow (-), $m
  -149
  -8
  -9
  -10
  -12
  -13
  -14
  -15
  -17
  -18
  -19
  -20
  -22
  -23
  -25
  -26
  -28
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -50
  -53
  -55
  -58
Prev. year cash balance distribution, $m
 
  68
  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
 
  95
  27
  28
  28
  29
  31
  32
  33
  34
  36
  37
  39
  41
  43
  45
  47
  49
  52
  55
  58
  61
  64
  67
  71
  75
  79
  83
  88
  92
  97
Discount rate, %
 
  6.30
  6.62
  6.95
  7.29
  7.66
  8.04
  8.44
  8.86
  9.31
  9.77
  10.26
  10.78
  11.31
  11.88
  12.47
  13.10
  13.75
  14.44
  15.16
  15.92
  16.72
  17.55
  18.43
  19.35
  20.32
  21.33
  22.40
  23.52
  24.70
  25.93
PV of cash for distribution, $m
 
  89
  24
  23
  21
  20
  19
  18
  17
  15
  14
  13
  11
  10
  9
  8
  7
  6
  5
  4
  3
  2
  2
  1
  1
  1
  1
  0
  0
  0
  0
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

AV Homes, Inc. is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also engaged in other real estate activities, such as the operation of amenities and the sale of land for third-party development. The Company's segments include Florida, Arizona and the Carolinas. It focuses on the development and construction of primary residential communities serving first-time and move-up buyers, including under its local Bonterra Builders and Royal Oak Homes brands, and active adult communities, which are age-restricted to the age 55 and over active adult demographic. It owns approximately 5,010 developed residential lots, over 3,140 partially developed residential lots, approximately 8,650 undeveloped residential lots, and over 14,450 acres of mixed-use, commercial and industrial land. Its active adult communities include Solivita, CantaMia, Vitalia at Tradition, Encore at Eastmark and Creekside at Bethpage.

FINANCIAL RATIOS  of  AV Homes (AVHI)

Valuation Ratios
P/E Ratio 2.9
Price to Sales 0.5
Price to Book 0.9
Price to Tangible Book
Price to Cash Flow 5.7
Price to Free Cash Flow 5.9
Growth Rates
Sales Growth Rate 50.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 100%
Cap. Spend. - 3 Yr. Gr. Rate 14.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 61.2%
Total Debt to Equity 61.2%
Interest Coverage 20
Management Effectiveness
Return On Assets 19.6%
Ret/ On Assets - 3 Yr. Avg. 8.6%
Return On Total Capital 21.8%
Ret/ On T. Cap. - 3 Yr. Avg. 7.8%
Return On Equity 39%
Return On Equity - 3 Yr. Avg. 14.1%
Asset Turnover 1
Profitability Ratios
Gross Margin 18.1%
Gross Margin - 3 Yr. Avg. 10.8%
EBITDA Margin 5.9%
EBITDA Margin - 3 Yr. Avg. 5.6%
Operating Margin 5.3%
Oper. Margin - 3 Yr. Avg. 3.6%
Pre-Tax Margin 4.9%
Pre-Tax Margin - 3 Yr. Avg. 2.2%
Net Profit Margin 18.9%
Net Profit Margin - 3 Yr. Avg. 6.8%
Effective Tax Rate -286.8%
Eff/ Tax Rate - 3 Yr. Avg. -95.6%
Payout Ratio 0%

AVHI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AVHI stock intrinsic value calculation we used $779 million for the last fiscal year's total revenue generated by AV Homes. The default revenue input number comes from 2016 income statement of AV Homes. 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 AVHI stock valuation model: a) initial revenue growth rate of 2% 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 6.3%, whose default value for AVHI is calculated based on our internal credit rating of AV Homes, 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 AV Homes.
    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 AVHI stock the variable cost ratio is equal to 92.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $19 million in the base year in the intrinsic value calculation for AVHI 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 AV Homes.

Corporate tax rate of 27% is the nominal tax rate for AV Homes. 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 AVHI 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 AVHI are equal to 4.4%.

Life of production assets of 8.9 years is the average useful life of capital assets used in AV Homes 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 AVHI is equal to -8.7%. 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 - $451 million for AV Homes - 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 22.186 million for AV Homes 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 AV Homes at the current share price and the inputted number of shares is $0.4 billion.

RELATED COMPANIES Price Int.Val. Rating
KBH KB Home 34.99 91.38  str.buy
LEN Lennar Cl A 71.82 102.56  str.buy
WLH William Lyon H 32.43 101.80  str.buy
LGIH LGI Homes 71.33 754.40  str.buy
GRBK Green Brick Pa 11.95 10.35  hold
NWHM New Home 12.88 13.47  hold
MDC M.D.C. Holding 34.46 19.56  sell
DHI D.R. Horton 51.48 62.39  buy

COMPANY NEWS

▶ AV Homes Completes Acquisition of Oakdale - Hampton Homes   [Jan-09-18 08:30AM  GlobeNewswire]
▶ loanDepot and AV Homes Partner to create AVH Mortgage   [Jan-03-18 08:01AM  PR Newswire]
▶ ETFs with exposure to AV Homes, Inc. : December 13, 2017   [Dec-13-17 12:44PM  Capital Cube]
▶ ETFs with exposure to AV Homes, Inc. : November 14, 2017   [Nov-14-17 01:58PM  Capital Cube]
▶ ETFs with exposure to AV Homes, Inc. : November 1, 2017   [Nov-01-17 11:52AM  Capital Cube]
▶ A V Homes Inc to Host Earnings Call   [Oct-27-17 06:30AM  ACCESSWIRE]
▶ A V Homes reports 3Q loss   [Oct-26-17 06:49PM  Associated Press]
▶ AV Homes, Inc. Announces Third Quarter 2017 Earnings Call   [Oct-09-17 06:00PM  GlobeNewswire]
▶ Should You Get Rid of AV Homes (AVHI) Now?   [Aug-24-17 08:56AM  Zacks]
▶ ETFs with exposure to AV Homes, Inc. : August 15, 2017   [Aug-15-17 03:24PM  Capital Cube]
▶ A V Homes posts 2Q profit   [Jul-28-17 01:06AM  Associated Press]
▶ AV Homes Reports Results for Second Quarter 2017   [Jul-27-17 04:05PM  GlobeNewswire]
▶ AV Homes, Inc. Announces Second Quarter 2017 Earnings Call   [Jul-10-17 04:10PM  GlobeNewswire]
▶ Can The Uptrend Continue for AV Homes (AVHI)?   [Jun-22-17 04:39AM  Zacks]
▶ ETFs with exposure to AV Homes, Inc. : June 15, 2017   [Jun-15-17 01:09PM  Capital Cube]
▶ New Strong Buy Stocks for May 23rd   [May-23-17 09:46AM  Zacks]
▶ New Strong Buy Stocks for May 19th   [May-19-17 09:50AM  Zacks]
▶ New Strong Buy Stocks for May 12th   [May-12-17 08:47AM  Zacks]
▶ AV Homes Announces Pricing of $400 Million in Senior Notes   [May-04-17 04:15PM  GlobeNewswire]
▶ ETFs with exposure to AV Homes, Inc. : May 3, 2017   [May-03-17 03:37PM  Capital Cube]
▶ A V Homes posts 1Q profit   [Apr-27-17 06:02PM  Associated Press]
▶ AV Homes, Inc. Announces First Quarter 2017 Earnings Call   [Apr-11-17 04:15PM  GlobeNewswire]
▶ AV Homes Completes Acquisition of Savvy Homes   [Apr-03-17 05:30PM  GlobeNewswire]
▶ AV Homes to buy Triangle building company for $50M   [Mar-03-17 02:20PM  at bizjournals.com]
▶ AV Homes to buy Triangle building company for $50M   [02:20PM  American City Business Journals]
▶ A V Homes posts 4Q profit   [Feb-23-17 06:01PM  Associated Press]
▶ Is Tesco Corporation (USA) (TESO) A Good Stock To Buy?   [Dec-20-16 04:18PM  at Insider Monkey]
▶ AV Homes, Inc. Announces Third Quarter 2016 Earnings Call   [Oct-12-16 04:30PM  GlobeNewswire]
Financial statements of AVHI
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.