Intrinsic value of Barnes Group - B

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$54.97

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$54.97

 
Intrinsic value

$125.83

 
Up/down potential

+129%

 
Rating

str. buy

 
Value-price divergence* premium content

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

We calculate the intrinsic value of B 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 3.0

 

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, %
  3.10
  12.90
  12.11
  11.40
  10.76
  10.18
  9.66
  9.20
  8.78
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
  6.32
  6.19
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
Revenue, $m
  1,231
  1,390
  1,558
  1,736
  1,922
  2,118
  2,323
  2,537
  2,759
  2,991
  3,232
  3,483
  3,743
  4,014
  4,295
  4,588
  4,892
  5,208
  5,537
  5,879
  6,236
  6,608
  6,995
  7,400
  7,821
  8,262
  8,722
  9,202
  9,705
  10,230
  10,780
Variable operating expenses, $m
 
  481
  532
  585
  641
  700
  762
  826
  893
  962
  1,035
  1,047
  1,125
  1,207
  1,291
  1,379
  1,470
  1,565
  1,664
  1,767
  1,874
  1,986
  2,103
  2,224
  2,351
  2,483
  2,622
  2,766
  2,917
  3,075
  3,240
Fixed operating expenses, $m
 
  637
  652
  669
  685
  703
  720
  738
  757
  776
  795
  815
  835
  856
  877
  899
  922
  945
  969
  993
  1,018
  1,043
  1,069
  1,096
  1,123
  1,151
  1,180
  1,210
  1,240
  1,271
  1,303
Total operating expenses, $m
  1,039
  1,118
  1,184
  1,254
  1,326
  1,403
  1,482
  1,564
  1,650
  1,738
  1,830
  1,862
  1,960
  2,063
  2,168
  2,278
  2,392
  2,510
  2,633
  2,760
  2,892
  3,029
  3,172
  3,320
  3,474
  3,634
  3,802
  3,976
  4,157
  4,346
  4,543
Operating income, $m
  192
  272
  374
  482
  596
  716
  841
  973
  1,110
  1,253
  1,402
  1,621
  1,783
  1,951
  2,127
  2,309
  2,500
  2,698
  2,904
  3,119
  3,344
  3,579
  3,824
  4,080
  4,347
  4,627
  4,920
  5,227
  5,548
  5,884
  6,237
EBITDA, $m
  272
  388
  496
  611
  732
  859
  992
  1,132
  1,278
  1,430
  1,588
  1,753
  1,924
  2,103
  2,289
  2,483
  2,684
  2,894
  3,113
  3,342
  3,580
  3,828
  4,088
  4,359
  4,643
  4,939
  5,250
  5,575
  5,915
  6,271
  6,644
Interest expense (income), $m
  11
  16
  21
  25
  30
  35
  40
  45
  51
  57
  63
  70
  76
  83
  90
  98
  106
  114
  122
  131
  140
  150
  160
  170
  181
  192
  204
  216
  229
  242
  256
Earnings before tax, $m
  183
  256
  353
  457
  566
  681
  801
  927
  1,059
  1,196
  1,339
  1,552
  1,707
  1,868
  2,036
  2,211
  2,394
  2,584
  2,782
  2,988
  3,204
  3,429
  3,664
  3,910
  4,167
  4,435
  4,716
  5,011
  5,319
  5,642
  5,981
Tax expense, $m
  47
  69
  95
  123
  153
  184
  216
  250
  286
  323
  362
  419
  461
  504
  550
  597
  646
  698
  751
  807
  865
  926
  989
  1,056
  1,125
  1,198
  1,273
  1,353
  1,436
  1,523
  1,615
Net income, $m
  136
  187
  258
  334
  413
  497
  585
  677
  773
  873
  978
  1,133
  1,246
  1,364
  1,486
  1,614
  1,747
  1,886
  2,031
  2,182
  2,339
  2,503
  2,675
  2,854
  3,042
  3,238
  3,443
  3,658
  3,883
  4,119
  4,366

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  66
  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
  2,138
  2,340
  2,623
  2,922
  3,236
  3,566
  3,911
  4,270
  4,645
  5,036
  5,441
  5,863
  6,302
  6,758
  7,231
  7,723
  8,235
  8,768
  9,321
  9,898
  10,499
  11,124
  11,777
  12,457
  13,167
  13,909
  14,683
  15,492
  16,338
  17,222
  18,147
Adjusted assets (=assets-cash), $m
  2,072
  2,340
  2,623
  2,922
  3,236
  3,566
  3,911
  4,270
  4,645
  5,036
  5,441
  5,863
  6,302
  6,758
  7,231
  7,723
  8,235
  8,768
  9,321
  9,898
  10,499
  11,124
  11,777
  12,457
  13,167
  13,909
  14,683
  15,492
  16,338
  17,222
  18,147
Revenue / Adjusted assets
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
Average production assets, $m
  847
  956
  1,072
  1,194
  1,323
  1,457
  1,598
  1,745
  1,898
  2,058
  2,224
  2,396
  2,575
  2,762
  2,955
  3,156
  3,366
  3,583
  3,809
  4,045
  4,290
  4,546
  4,813
  5,091
  5,381
  5,684
  6,000
  6,331
  6,677
  7,038
  7,416
Working capital, $m
  306
  309
  346
  385
  427
  470
  516
  563
  613
  664
  718
  773
  831
  891
  954
  1,018
  1,086
  1,156
  1,229
  1,305
  1,384
  1,467
  1,553
  1,643
  1,736
  1,834
  1,936
  2,043
  2,154
  2,271
  2,393
Total debt, $m
  501
  589
  717
  852
  994
  1,143
  1,299
  1,461
  1,631
  1,807
  1,991
  2,181
  2,379
  2,585
  2,799
  3,022
  3,253
  3,494
  3,744
  4,005
  4,276
  4,559
  4,854
  5,162
  5,483
  5,818
  6,168
  6,533
  6,916
  7,315
  7,734
Total liabilities, $m
  969
  1,058
  1,186
  1,321
  1,463
  1,612
  1,768
  1,930
  2,100
  2,276
  2,460
  2,650
  2,848
  3,054
  3,268
  3,491
  3,722
  3,963
  4,213
  4,474
  4,745
  5,028
  5,323
  5,631
  5,952
  6,287
  6,637
  7,002
  7,385
  7,784
  8,203
Total equity, $m
  1,168
  1,282
  1,437
  1,601
  1,774
  1,954
  2,143
  2,340
  2,546
  2,759
  2,982
  3,213
  3,453
  3,703
  3,963
  4,232
  4,513
  4,805
  5,108
  5,424
  5,753
  6,096
  6,454
  6,827
  7,216
  7,622
  8,046
  8,490
  8,953
  9,438
  9,945
Total liabilities and equity, $m
  2,137
  2,340
  2,623
  2,922
  3,237
  3,566
  3,911
  4,270
  4,646
  5,035
  5,442
  5,863
  6,301
  6,757
  7,231
  7,723
  8,235
  8,768
  9,321
  9,898
  10,498
  11,124
  11,777
  12,458
  13,168
  13,909
  14,683
  15,492
  16,338
  17,222
  18,148
Debt-to-equity ratio
  0.429
  0.460
  0.500
  0.530
  0.560
  0.580
  0.610
  0.620
  0.640
  0.650
  0.670
  0.680
  0.690
  0.700
  0.710
  0.710
  0.720
  0.730
  0.730
  0.740
  0.740
  0.750
  0.750
  0.760
  0.760
  0.760
  0.770
  0.770
  0.770
  0.780
  0.780
Adjusted equity ratio
  0.547
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548
  0.548

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  136
  187
  258
  334
  413
  497
  585
  677
  773
  873
  978
  1,133
  1,246
  1,364
  1,486
  1,614
  1,747
  1,886
  2,031
  2,182
  2,339
  2,503
  2,675
  2,854
  3,042
  3,238
  3,443
  3,658
  3,883
  4,119
  4,366
Depreciation, amort., depletion, $m
  80
  116
  122
  129
  136
  143
  151
  159
  168
  176
  185
  132
  142
  152
  162
  173
  185
  197
  209
  222
  236
  250
  264
  280
  296
  312
  330
  348
  367
  387
  407
Funds from operations, $m
  211
  303
  380
  462
  549
  640
  736
  836
  941
  1,050
  1,163
  1,264
  1,387
  1,515
  1,649
  1,788
  1,932
  2,083
  2,240
  2,404
  2,575
  2,753
  2,939
  3,134
  3,337
  3,550
  3,773
  4,006
  4,250
  4,506
  4,773
Change in working capital, $m
  -7
  35
  37
  39
  41
  43
  45
  47
  49
  51
  54
  56
  58
  60
  62
  65
  67
  70
  73
  76
  79
  83
  86
  90
  94
  98
  102
  107
  112
  117
  122
Cash from operations, $m
  218
  277
  343
  423
  508
  597
  691
  789
  891
  998
  1,110
  1,209
  1,330
  1,455
  1,586
  1,723
  1,865
  2,013
  2,167
  2,328
  2,495
  2,670
  2,853
  3,044
  3,244
  3,452
  3,671
  3,899
  4,138
  4,389
  4,651
Maintenance CAPEX, $m
  0
  -47
  -53
  -59
  -66
  -73
  -80
  -88
  -96
  -104
  -113
  -122
  -132
  -142
  -152
  -162
  -173
  -185
  -197
  -209
  -222
  -236
  -250
  -264
  -280
  -296
  -312
  -330
  -348
  -367
  -387
New CAPEX, $m
  -48
  -110
  -116
  -122
  -128
  -135
  -141
  -147
  -153
  -159
  -166
  -172
  -179
  -186
  -194
  -201
  -209
  -218
  -226
  -236
  -245
  -256
  -267
  -278
  -290
  -303
  -316
  -331
  -346
  -361
  -378
Cash from investing activities, $m
  -180
  -157
  -169
  -181
  -194
  -208
  -221
  -235
  -249
  -263
  -279
  -294
  -311
  -328
  -346
  -363
  -382
  -403
  -423
  -445
  -467
  -492
  -517
  -542
  -570
  -599
  -628
  -661
  -694
  -728
  -765
Free cash flow, $m
  38
  121
  175
  242
  314
  390
  470
  554
  642
  734
  831
  914
  1,019
  1,128
  1,241
  1,359
  1,482
  1,610
  1,744
  1,883
  2,028
  2,179
  2,337
  2,502
  2,674
  2,854
  3,042
  3,239
  3,445
  3,661
  3,887
Issuance/(repayment) of debt, $m
  -10
  121
  128
  135
  142
  149
  156
  163
  169
  176
  183
  191
  198
  206
  214
  222
  231
  241
  250
  261
  271
  283
  295
  308
  321
  335
  350
  366
  382
  400
  418
Issuance/(repurchase) of shares, $m
  -16
  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  
  -26
  121
  128
  135
  142
  149
  156
  163
  169
  176
  183
  191
  198
  206
  214
  222
  231
  241
  250
  261
  271
  283
  295
  308
  321
  335
  350
  366
  382
  400
  418
Total cash flow (excl. dividends), $m
  10
  241
  303
  377
  456
  539
  625
  716
  811
  911
  1,014
  1,105
  1,217
  1,334
  1,455
  1,582
  1,714
  1,851
  1,994
  2,143
  2,299
  2,462
  2,632
  2,809
  2,995
  3,189
  3,392
  3,604
  3,827
  4,060
  4,305
Retained Cash Flow (-), $m
  -40
  -147
  -155
  -164
  -172
  -181
  -189
  -197
  -205
  -214
  -222
  -231
  -240
  -250
  -260
  -270
  -280
  -292
  -304
  -316
  -329
  -343
  -358
  -373
  -389
  -406
  -424
  -443
  -463
  -485
  -507
Prev. year cash balance distribution, $m
 
  33
  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
 
  127
  147
  213
  283
  358
  437
  519
  606
  697
  792
  873
  977
  1,084
  1,196
  1,312
  1,433
  1,559
  1,691
  1,827
  1,970
  2,119
  2,274
  2,436
  2,606
  2,782
  2,967
  3,161
  3,364
  3,576
  3,798
Discount rate, %
 
  4.70
  4.94
  5.18
  5.44
  5.71
  6.00
  6.30
  6.61
  6.94
  7.29
  7.66
  8.04
  8.44
  8.86
  9.31
  9.77
  10.26
  10.77
  11.31
  11.88
  12.47
  13.09
  13.75
  14.44
  15.16
  15.92
  16.71
  17.55
  18.42
  19.35
PV of cash for distribution, $m
 
  121
  134
  183
  229
  271
  308
  339
  363
  381
  392
  388
  386
  378
  364
  345
  322
  296
  268
  239
  209
  180
  152
  126
  102
  82
  64
  49
  36
  27
  19
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

Barnes Group Inc. operates as an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The company operates in two segments, Industrial and Aerospace. The Industrial segment offers precision parts, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy. This segment also manufactures and supplies precision mechanical products, including mechanical springs, high-precision punched and fine-blanked components, and retention rings; fine hairsprings for electronics and instruments and heavy-duty springs for machinery; nitrogen gas springs and manifold systems used to control stamping presses; and hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold and cube mold assemblies. The Aerospace segment produces fabricated and precision-machined components and assemblies for original equipment manufacturer turbine engine, airframe, and industrial gas turbine builders, as well as for the military. It also offers maintenance, repair, and overhaul services for jet engine components to turbine engine manufacturers, commercial airlines, and the military. In addition, this segment manufactures aerospace aftermarket spare parts. The company sells its products primarily through its direct sales force and distribution channels worldwide. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.

FINANCIAL RATIOS  of  Barnes Group (B)

Valuation Ratios
P/E Ratio 21.7
Price to Sales 2.4
Price to Book 2.5
Price to Tangible Book
Price to Cash Flow 13.6
Price to Free Cash Flow 17.4
Growth Rates
Sales Growth Rate 3.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.3%
Cap. Spend. - 3 Yr. Gr. Rate -3.4%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 40.1%
Total Debt to Equity 42.9%
Interest Coverage 18
Management Effectiveness
Return On Assets 6.9%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 8.2%
Ret/ On T. Cap. - 3 Yr. Avg. 7.6%
Return On Equity 11.8%
Return On Equity - 3 Yr. Avg. 11%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 35.7%
Gross Margin - 3 Yr. Avg. 34.8%
EBITDA Margin 22.3%
EBITDA Margin - 3 Yr. Avg. 21.1%
Operating Margin 15.6%
Oper. Margin - 3 Yr. Avg. 14.6%
Pre-Tax Margin 14.9%
Pre-Tax Margin - 3 Yr. Avg. 13.8%
Net Profit Margin 11%
Net Profit Margin - 3 Yr. Avg. 10.2%
Effective Tax Rate 25.7%
Eff/ Tax Rate - 3 Yr. Avg. 25.5%
Payout Ratio 19.9%

B stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the B stock intrinsic value calculation we used $1231 million for the last fiscal year's total revenue generated by Barnes Group. The default revenue input number comes from 2016 income statement of Barnes Group. 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 B stock valuation model: a) initial revenue growth rate of 12.9% 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 4.7%, whose default value for B is calculated based on our internal credit rating of Barnes Group, 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 Barnes Group.
    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 B stock the variable cost ratio is equal to 35.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $621 million in the base year in the intrinsic value calculation for B 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 Barnes Group.

Corporate tax rate of 27% is the nominal tax rate for Barnes Group. 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 B 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 B are equal to 68.8%.

Life of production assets of 18.2 years is the average useful life of capital assets used in Barnes Group 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 B is equal to 22.2%. 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 - $1168 million for Barnes Group - 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 53.954 million for Barnes Group 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 Barnes Group at the current share price and the inputted number of shares is $3.0 billion.


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COMPANY NEWS

▶ Barnes Group tops Street 1Q forecasts   [06:36AM  Associated Press]
▶ Barnes Group Inc. to Acquire Gammaflux L.P.   [Mar-06-17 11:30AM  Business Wire]
▶ Barnes Group Inc. Declares Quarterly Dividend   [Feb-08-17 10:07AM  Business Wire]
▶ Hedge Funds Are Betting On Barnes Group Inc. (B)   [Dec-02-16 10:39AM  at Insider Monkey]
▶ Barnes Group Increases Net Sales in 3Q16 (B)   [02:31AM  at Investopedia]
▶ Barnes Group Inc. Declares Quarterly Dividend   [Oct-14-16 09:54AM  Business Wire]
Stock chart of B Financial statements of B
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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