Intrinsic value of Boise Cascade - BCC

Previous Close

$28.80

  Intrinsic Value

$17.13

stock screener

  Rating & Target

sell

-41%

  Value-price divergence*

-62%

Previous close

$28.80

 
Intrinsic value

$17.13

 
Up/down potential

-41%

 
Rating

sell

 
Value-price divergence*

-62%

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

We calculate the intrinsic value of BCC 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 1.1

 

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, %
  7.65
  10.60
  10.04
  9.54
  9.08
  8.67
  8.31
  7.98
  7.68
  7.41
  7.17
  6.95
  6.76
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.76
  5.68
  5.61
  5.55
  5.50
  5.45
  5.40
  5.36
  5.33
  5.29
  5.26
Revenue, $m
  3,911
  4,326
  4,760
  5,214
  5,687
  6,181
  6,694
  7,228
  7,783
  8,360
  8,959
  9,582
  10,229
  10,903
  11,603
  12,332
  13,091
  13,881
  14,705
  15,563
  16,459
  17,394
  18,371
  19,391
  20,456
  21,571
  22,736
  23,955
  25,231
  26,566
  27,964
Variable operating expenses, $m
 
  4,204
  4,625
  5,066
  5,526
  6,004
  6,503
  7,021
  7,560
  8,119
  8,701
  9,300
  9,929
  10,582
  11,262
  11,969
  12,706
  13,473
  14,272
  15,106
  15,975
  16,883
  17,830
  18,820
  19,855
  20,936
  22,067
  23,250
  24,489
  25,785
  27,142
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
  3,846
  4,204
  4,625
  5,066
  5,526
  6,004
  6,503
  7,021
  7,560
  8,119
  8,701
  9,300
  9,929
  10,582
  11,262
  11,969
  12,706
  13,473
  14,272
  15,106
  15,975
  16,883
  17,830
  18,820
  19,855
  20,936
  22,067
  23,250
  24,489
  25,785
  27,142
Operating income, $m
  65
  122
  134
  148
  162
  176
  191
  207
  223
  240
  258
  282
  301
  321
  341
  363
  385
  408
  432
  458
  484
  512
  540
  570
  602
  634
  669
  704
  742
  781
  822
EBITDA, $m
  140
  183
  201
  220
  240
  261
  283
  305
  328
  353
  378
  404
  432
  460
  490
  520
  553
  586
  621
  657
  695
  734
  775
  818
  863
  910
  960
  1,011
  1,065
  1,121
  1,180
Interest expense (income), $m
  21
  24
  29
  34
  39
  45
  51
  57
  63
  69
  76
  83
  91
  98
  106
  115
  123
  132
  142
  152
  162
  172
  183
  195
  207
  220
  233
  247
  261
  276
  292
Earnings before tax, $m
  43
  98
  106
  114
  123
  132
  141
  150
  160
  171
  182
  198
  210
  222
  235
  248
  262
  276
  291
  306
  322
  339
  357
  375
  394
  415
  436
  458
  481
  505
  530
Tax expense, $m
  5
  26
  29
  31
  33
  36
  38
  41
  43
  46
  49
  54
  57
  60
  63
  67
  71
  74
  78
  83
  87
  92
  96
  101
  107
  112
  118
  124
  130
  136
  143
Net income, $m
  38
  72
  77
  83
  90
  96
  103
  110
  117
  125
  133
  145
  153
  162
  171
  181
  191
  201
  212
  223
  235
  248
  260
  274
  288
  303
  318
  334
  351
  369
  387

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  104
  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
  1,439
  1,476
  1,625
  1,779
  1,941
  2,109
  2,285
  2,467
  2,656
  2,853
  3,058
  3,270
  3,491
  3,721
  3,960
  4,209
  4,468
  4,738
  5,019
  5,312
  5,618
  5,937
  6,270
  6,618
  6,982
  7,362
  7,760
  8,176
  8,611
  9,067
  9,544
Adjusted assets (=assets-cash), $m
  1,335
  1,476
  1,625
  1,779
  1,941
  2,109
  2,285
  2,467
  2,656
  2,853
  3,058
  3,270
  3,491
  3,721
  3,960
  4,209
  4,468
  4,738
  5,019
  5,312
  5,618
  5,937
  6,270
  6,618
  6,982
  7,362
  7,760
  8,176
  8,611
  9,067
  9,544
Revenue / Adjusted assets
  2.930
  2.931
  2.929
  2.931
  2.930
  2.931
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
  2.930
Average production assets, $m
  499
  554
  609
  667
  728
  791
  857
  925
  996
  1,070
  1,147
  1,226
  1,309
  1,396
  1,485
  1,578
  1,676
  1,777
  1,882
  1,992
  2,107
  2,226
  2,351
  2,482
  2,618
  2,761
  2,910
  3,066
  3,230
  3,400
  3,579
Working capital, $m
  447
  381
  419
  459
  500
  544
  589
  636
  685
  736
  788
  843
  900
  959
  1,021
  1,085
  1,152
  1,222
  1,294
  1,370
  1,448
  1,531
  1,617
  1,706
  1,800
  1,898
  2,001
  2,108
  2,220
  2,338
  2,461
Total debt, $m
  438
  528
  624
  723
  827
  935
  1,048
  1,165
  1,287
  1,414
  1,545
  1,682
  1,824
  1,972
  2,125
  2,285
  2,452
  2,625
  2,806
  2,994
  3,191
  3,396
  3,611
  3,834
  4,068
  4,313
  4,568
  4,836
  5,116
  5,409
  5,716
Total liabilities, $m
  859
  949
  1,045
  1,144
  1,248
  1,356
  1,469
  1,586
  1,708
  1,835
  1,966
  2,103
  2,245
  2,393
  2,546
  2,706
  2,873
  3,046
  3,227
  3,415
  3,612
  3,817
  4,032
  4,255
  4,489
  4,734
  4,989
  5,257
  5,537
  5,830
  6,137
Total equity, $m
  580
  527
  580
  635
  693
  753
  816
  881
  948
  1,019
  1,092
  1,167
  1,246
  1,328
  1,414
  1,503
  1,595
  1,691
  1,792
  1,896
  2,005
  2,119
  2,238
  2,363
  2,492
  2,628
  2,770
  2,919
  3,074
  3,237
  3,407
Total liabilities and equity, $m
  1,439
  1,476
  1,625
  1,779
  1,941
  2,109
  2,285
  2,467
  2,656
  2,854
  3,058
  3,270
  3,491
  3,721
  3,960
  4,209
  4,468
  4,737
  5,019
  5,311
  5,617
  5,936
  6,270
  6,618
  6,981
  7,362
  7,759
  8,176
  8,611
  9,067
  9,544
Debt-to-equity ratio
  0.755
  1.000
  1.080
  1.140
  1.190
  1.240
  1.280
  1.320
  1.360
  1.390
  1.420
  1.440
  1.460
  1.480
  1.500
  1.520
  1.540
  1.550
  1.570
  1.580
  1.590
  1.600
  1.610
  1.620
  1.630
  1.640
  1.650
  1.660
  1.660
  1.670
  1.680
Adjusted equity ratio
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  38
  72
  77
  83
  90
  96
  103
  110
  117
  125
  133
  145
  153
  162
  171
  181
  191
  201
  212
  223
  235
  248
  260
  274
  288
  303
  318
  334
  351
  369
  387
Depreciation, amort., depletion, $m
  75
  61
  66
  72
  78
  85
  91
  98
  105
  113
  120
  123
  131
  140
  149
  158
  168
  178
  188
  199
  211
  223
  235
  248
  262
  276
  291
  307
  323
  340
  358
Funds from operations, $m
  174
  132
  144
  156
  168
  181
  194
  208
  222
  237
  253
  267
  284
  302
  320
  339
  358
  379
  400
  423
  446
  470
  496
  522
  550
  579
  609
  641
  674
  709
  745
Change in working capital, $m
  22
  36
  38
  40
  42
  43
  45
  47
  49
  51
  53
  55
  57
  59
  62
  64
  67
  70
  72
  76
  79
  82
  86
  90
  94
  98
  103
  107
  112
  118
  123
Cash from operations, $m
  152
  96
  106
  116
  126
  137
  149
  161
  173
  186
  200
  213
  227
  242
  258
  275
  292
  309
  328
  347
  367
  388
  410
  432
  456
  481
  507
  533
  562
  591
  622
Maintenance CAPEX, $m
  0
  -50
  -55
  -61
  -67
  -73
  -79
  -86
  -93
  -100
  -107
  -115
  -123
  -131
  -140
  -149
  -158
  -168
  -178
  -188
  -199
  -211
  -223
  -235
  -248
  -262
  -276
  -291
  -307
  -323
  -340
New CAPEX, $m
  -84
  -55
  -56
  -58
  -61
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -110
  -115
  -120
  -125
  -131
  -136
  -143
  -149
  -156
  -163
  -171
  -179
Cash from investing activities, $m
  -299
  -105
  -111
  -119
  -128
  -136
  -145
  -154
  -164
  -174
  -184
  -195
  -206
  -217
  -230
  -242
  -255
  -269
  -283
  -298
  -314
  -331
  -348
  -366
  -384
  -405
  -425
  -447
  -470
  -494
  -519
Free cash flow, $m
  -147
  -9
  -5
  -3
  -1
  1
  4
  7
  10
  13
  16
  18
  22
  25
  29
  33
  37
  41
  45
  49
  53
  58
  62
  67
  71
  76
  81
  86
  92
  97
  103
Issuance/(repayment) of debt, $m
  84
  90
  95
  100
  104
  108
  113
  117
  122
  127
  132
  137
  142
  148
  154
  160
  167
  173
  181
  188
  197
  205
  214
  224
  234
  245
  256
  268
  280
  293
  307
Issuance/(repurchase) of shares, $m
  -10
  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  
  66
  90
  95
  100
  104
  108
  113
  117
  122
  127
  132
  137
  142
  148
  154
  160
  167
  173
  181
  188
  197
  205
  214
  224
  234
  245
  256
  268
  280
  293
  307
Total cash flow (excl. dividends), $m
  -81
  82
  90
  96
  103
  110
  117
  124
  132
  140
  148
  155
  164
  173
  183
  193
  203
  214
  226
  237
  250
  263
  276
  290
  305
  321
  337
  354
  372
  390
  410
Retained Cash Flow (-), $m
  -45
  -51
  -53
  -55
  -58
  -60
  -63
  -65
  -68
  -70
  -73
  -76
  -79
  -82
  -85
  -89
  -92
  -96
  -100
  -105
  -109
  -114
  -119
  -124
  -130
  -136
  -142
  -149
  -155
  -163
  -170
Prev. year cash balance distribution, $m
 
  104
  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
 
  135
  37
  41
  45
  49
  54
  59
  64
  69
  75
  79
  85
  91
  97
  104
  111
  118
  125
  133
  141
  149
  157
  166
  175
  185
  195
  205
  216
  228
  239
Discount rate, %
 
  5.60
  5.88
  6.17
  6.48
  6.81
  7.15
  7.50
  7.88
  8.27
  8.69
  9.12
  9.58
  10.06
  10.56
  11.09
  11.64
  12.22
  12.84
  13.48
  14.15
  14.86
  15.60
  16.38
  17.20
  18.06
  18.96
  19.91
  20.91
  21.95
  23.05
PV of cash for distribution, $m
 
  127
  33
  34
  35
  36
  36
  36
  35
  34
  33
  30
  28
  26
  24
  21
  19
  17
  14
  12
  10
  8
  6
  5
  4
  3
  2
  2
  1
  1
  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

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. Its Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber, studs, and particleboards. This segment’s products are used primarily in new residential construction, residential repair-and-remodeling markets, and light commercial construction. It sells its products to wholesalers, home improvement centers, retail lumberyards, and industrial converters. The company’s Building Materials Distribution segment distributes a line of building materials, including engineered wood products, oriented strand boards, plywood, and lumber; and general line items, such as siding, metal products, insulation, roofing, and composite decking. Its products are used in the construction of new residential housing, including single-family, multi-family, and manufactured homes; the repair and remodeling of existing housing; the construction of light industrial and commercial buildings; and other industrial applications. This segment sells its products to retail lumberyards, home improvement centers, and specialty distributors. The company was founded in 2004 and is headquartered in Boise, Idaho.

FINANCIAL RATIOS  of  Boise Cascade (BCC)

Valuation Ratios
P/E Ratio 29.1
Price to Sales 0.3
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 7.3
Price to Free Cash Flow 16.2
Growth Rates
Sales Growth Rate 7.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -4.5%
Cap. Spend. - 3 Yr. Gr. Rate 12.8%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 75.5%
Total Debt to Equity 75.5%
Interest Coverage 3
Management Effectiveness
Return On Assets 4.2%
Ret/ On Assets - 3 Yr. Avg. 5.9%
Return On Total Capital 4%
Ret/ On T. Cap. - 3 Yr. Avg. 6.9%
Return On Equity 6.8%
Return On Equity - 3 Yr. Avg. 11.3%
Asset Turnover 2.9
Profitability Ratios
Gross Margin 13.1%
Gross Margin - 3 Yr. Avg. 13.5%
EBITDA Margin 3.6%
EBITDA Margin - 3 Yr. Avg. 4.5%
Operating Margin 1.7%
Oper. Margin - 3 Yr. Avg. 2.9%
Pre-Tax Margin 1.1%
Pre-Tax Margin - 3 Yr. Avg. 2.3%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 1.5%
Effective Tax Rate 11.6%
Eff/ Tax Rate - 3 Yr. Avg. 27.5%
Payout Ratio 0%

BCC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BCC stock intrinsic value calculation we used $3911 million for the last fiscal year's total revenue generated by Boise Cascade. The default revenue input number comes from 2016 income statement of Boise Cascade. 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 BCC stock valuation model: a) initial revenue growth rate of 10.6% 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 5.6%, whose default value for BCC is calculated based on our internal credit rating of Boise Cascade, 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 Boise Cascade.
    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 BCC stock the variable cost ratio is equal to 97.2%.

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 BCC 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 5.4% for Boise Cascade.

Corporate tax rate of 27% is the nominal tax rate for Boise Cascade. 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 BCC 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 BCC are equal to 12.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Boise Cascade 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 BCC is equal to 8.8%. 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 - $580 million for Boise Cascade - 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 39.298 million for Boise Cascade 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 Boise Cascade at the current share price and the inputted number of shares is $1.1 billion.

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COMPANY NEWS

▶ Boise Cascade posts 2Q profit   [Jul-28-17 01:24AM  Associated Press]
▶ ETFs with exposure to Boise Cascade Co. : July 27, 2017   [Jul-27-17 02:13PM  Capital Cube]
▶ ETFs with exposure to Boise Cascade Co. : July 17, 2017   [Jul-17-17 01:38PM  Capital Cube]
▶ ETFs with exposure to Boise Cascade Co. : July 5, 2017   [Jul-05-17 12:32PM  Capital Cube]
▶ ETFs with exposure to Boise Cascade Co. : June 19, 2017   [Jun-19-17 02:59PM  Capital Cube]
▶ Top Ranked Growth Stocks to Buy for June 5th   [Jun-05-17 11:39AM  Zacks]
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▶ Wood Stocks Are Burning Up The Charts   [May-17-17 04:48PM  Zacks]
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▶ Top Ranked Momentum Stocks to Buy for May 8th   [May-08-17 10:52AM  Zacks]
▶ IIROC Trade Resumption - BCC   [May-03-17 02:17PM  CNW Group]
▶ IIROC Trading Halt - BCC   [01:52PM  PR Newswire]
▶ Boise Cascade posts 1Q profit   [05:56AM  Associated Press]
▶ New Strong Buy Stocks for April 20th   [Apr-20-17 10:06AM  Zacks]
▶ Get Ready To Be Surprised This Earnings Season   [Apr-11-17 03:20PM  Zacks]
▶ ETFs with exposure to Boise Cascade Co. : April 7, 2017   [Apr-07-17 03:56PM  Capital Cube]
▶ Today's Strong Buy Stocks at New Highs   [Apr-05-17 08:35PM  Zacks]
▶ [$$] John Fery Slimmed Boise Cascade Down to Core Wood and Paper Lines   [Mar-03-17 11:10PM  The Wall Street Journal]
▶ 4 Winning Stocks to Boost Your Gains in March   [Feb-28-17 11:32AM  Zacks]
▶ Is Boise Cascade Co (BCC) A Good Stock To Buy?   [10:43AM  at Insider Monkey]
Stock chart of BCC Financial statements of BCC
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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