Intrinsic value of General Cable - BGC

Previous Close

$16.70

  Intrinsic Value

$0.73

stock screener

  Rating & Target

str. sell

-96%

  Value-price divergence*

-114%

Previous close

$16.70

 
Intrinsic value

$0.73

 
Up/down potential

-96%

 
Rating

str. sell

 
Value-price divergence*

-114%

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

We calculate the intrinsic value of BGC 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 0.8

 

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, %
  -14.55
  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
  3,858
  3,935
  4,026
  4,129
  4,245
  4,374
  4,515
  4,669
  4,835
  5,015
  5,207
  5,413
  5,633
  5,867
  6,115
  6,379
  6,659
  6,955
  7,268
  7,598
  7,947
  8,316
  8,704
  9,114
  9,545
  9,999
  10,478
  10,982
  11,511
  12,069
  12,655
Variable operating expenses, $m
 
  3,731
  3,816
  3,914
  4,024
  4,146
  4,280
  4,426
  4,584
  4,754
  4,936
  5,130
  5,338
  5,560
  5,795
  6,045
  6,310
  6,591
  6,887
  7,201
  7,532
  7,881
  8,249
  8,637
  9,046
  9,476
  9,930
  10,407
  10,909
  11,438
  11,993
Fixed operating expenses, $m
 
  230
  235
  241
  247
  253
  260
  266
  273
  280
  287
  294
  301
  309
  317
  324
  333
  341
  349
  358
  367
  376
  386
  395
  405
  415
  426
  436
  447
  458
  470
Total operating expenses, $m
  3,877
  3,961
  4,051
  4,155
  4,271
  4,399
  4,540
  4,692
  4,857
  5,034
  5,223
  5,424
  5,639
  5,869
  6,112
  6,369
  6,643
  6,932
  7,236
  7,559
  7,899
  8,257
  8,635
  9,032
  9,451
  9,891
  10,356
  10,843
  11,356
  11,896
  12,463
Operating income, $m
  -18
  -25
  -26
  -26
  -26
  -26
  -25
  -23
  -21
  -19
  -16
  -11
  -7
  -2
  3
  9
  16
  23
  31
  39
  49
  59
  70
  81
  94
  108
  122
  138
  155
  173
  192
EBITDA, $m
  68
  35
  36
  37
  39
  41
  44
  48
  53
  58
  64
  70
  78
  86
  95
  105
  116
  127
  140
  153
  168
  184
  200
  218
  237
  258
  280
  303
  328
  354
  382
Interest expense (income), $m
  81
  75
  73
  76
  81
  86
  91
  97
  103
  110
  118
  126
  134
  144
  153
  164
  175
  187
  199
  212
  226
  240
  256
  272
  289
  307
  326
  346
  367
  390
  413
Earnings before tax, $m
  -98
  -100
  -99
  -103
  -107
  -111
  -116
  -120
  -125
  -129
  -133
  -137
  -141
  -146
  -150
  -155
  -159
  -164
  -168
  -173
  -177
  -182
  -186
  -191
  -195
  -200
  -204
  -208
  -212
  -217
  -221
Tax expense, $m
  -4
  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
  -94
  -100
  -99
  -103
  -107
  -111
  -116
  -120
  -125
  -129
  -133
  -137
  -141
  -146
  -150
  -155
  -159
  -164
  -168
  -173
  -177
  -182
  -186
  -191
  -195
  -200
  -204
  -208
  -212
  -217
  -221

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  101
  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
  2,242
  2,287
  2,339
  2,399
  2,467
  2,542
  2,624
  2,713
  2,810
  2,914
  3,026
  3,145
  3,273
  3,409
  3,553
  3,707
  3,869
  4,041
  4,223
  4,415
  4,618
  4,832
  5,058
  5,296
  5,546
  5,810
  6,088
  6,381
  6,689
  7,013
  7,353
Adjusted assets (=assets-cash), $m
  2,141
  2,287
  2,339
  2,399
  2,467
  2,542
  2,624
  2,713
  2,810
  2,914
  3,026
  3,145
  3,273
  3,409
  3,553
  3,707
  3,869
  4,041
  4,223
  4,415
  4,618
  4,832
  5,058
  5,296
  5,546
  5,810
  6,088
  6,381
  6,689
  7,013
  7,353
Revenue / Adjusted assets
  1.802
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
  1.721
Average production assets, $m
  579
  590
  604
  619
  637
  656
  677
  700
  725
  752
  781
  812
  845
  880
  917
  957
  999
  1,043
  1,090
  1,140
  1,192
  1,247
  1,306
  1,367
  1,432
  1,500
  1,572
  1,647
  1,727
  1,810
  1,898
Working capital, $m
  698
  677
  692
  710
  730
  752
  777
  803
  832
  863
  896
  931
  969
  1,009
  1,052
  1,097
  1,145
  1,196
  1,250
  1,307
  1,367
  1,430
  1,497
  1,568
  1,642
  1,720
  1,802
  1,889
  1,980
  2,076
  2,177
Total debt, $m
  939
  908
  955
  1,009
  1,070
  1,137
  1,211
  1,292
  1,379
  1,472
  1,573
  1,681
  1,796
  1,918
  2,048
  2,186
  2,332
  2,487
  2,651
  2,823
  3,006
  3,199
  3,402
  3,616
  3,842
  4,079
  4,329
  4,593
  4,870
  5,161
  5,468
Total liabilities, $m
  2,089
  2,058
  2,105
  2,159
  2,220
  2,287
  2,361
  2,442
  2,529
  2,622
  2,723
  2,831
  2,946
  3,068
  3,198
  3,336
  3,482
  3,637
  3,801
  3,973
  4,156
  4,349
  4,552
  4,766
  4,992
  5,229
  5,479
  5,743
  6,020
  6,311
  6,618
Total equity, $m
  153
  229
  234
  240
  247
  254
  262
  271
  281
  291
  303
  315
  327
  341
  355
  371
  387
  404
  422
  441
  462
  483
  506
  530
  555
  581
  609
  638
  669
  701
  735
Total liabilities and equity, $m
  2,242
  2,287
  2,339
  2,399
  2,467
  2,541
  2,623
  2,713
  2,810
  2,913
  3,026
  3,146
  3,273
  3,409
  3,553
  3,707
  3,869
  4,041
  4,223
  4,414
  4,618
  4,832
  5,058
  5,296
  5,547
  5,810
  6,088
  6,381
  6,689
  7,012
  7,353
Debt-to-equity ratio
  6.137
  3.970
  4.080
  4.210
  4.340
  4.480
  4.620
  4.760
  4.910
  5.050
  5.200
  5.340
  5.490
  5.630
  5.760
  5.900
  6.030
  6.150
  6.280
  6.400
  6.510
  6.620
  6.730
  6.830
  6.930
  7.020
  7.110
  7.200
  7.280
  7.360
  7.440
Adjusted equity ratio
  0.024
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -94
  -100
  -99
  -103
  -107
  -111
  -116
  -120
  -125
  -129
  -133
  -137
  -141
  -146
  -150
  -155
  -159
  -164
  -168
  -173
  -177
  -182
  -186
  -191
  -195
  -200
  -204
  -208
  -212
  -217
  -221
Depreciation, amort., depletion, $m
  86
  60
  62
  63
  65
  67
  69
  71
  74
  76
  79
  81
  84
  88
  92
  96
  100
  104
  109
  114
  119
  125
  131
  137
  143
  150
  157
  165
  173
  181
  190
Funds from operations, $m
  298
  -40
  -37
  -40
  -42
  -45
  -47
  -49
  -51
  -52
  -54
  -55
  -57
  -58
  -58
  -59
  -59
  -59
  -59
  -59
  -58
  -57
  -56
  -54
  -52
  -50
  -47
  -43
  -40
  -36
  -31
Change in working capital, $m
  143
  13
  16
  18
  20
  22
  24
  26
  29
  31
  33
  35
  38
  40
  43
  45
  48
  51
  54
  57
  60
  63
  67
  70
  74
  78
  82
  87
  91
  96
  101
Cash from operations, $m
  155
  -53
  -53
  -58
  -62
  -67
  -71
  -75
  -79
  -83
  -87
  -91
  -94
  -98
  -101
  -104
  -107
  -110
  -113
  -116
  -118
  -120
  -122
  -124
  -126
  -128
  -129
  -130
  -131
  -132
  -132
Maintenance CAPEX, $m
  0
  -58
  -59
  -60
  -62
  -64
  -66
  -68
  -70
  -73
  -75
  -78
  -81
  -84
  -88
  -92
  -96
  -100
  -104
  -109
  -114
  -119
  -125
  -131
  -137
  -143
  -150
  -157
  -165
  -173
  -181
New CAPEX, $m
  -84
  -11
  -14
  -16
  -17
  -19
  -21
  -23
  -25
  -27
  -29
  -31
  -33
  -35
  -37
  -40
  -42
  -44
  -47
  -50
  -52
  -55
  -58
  -61
  -65
  -68
  -72
  -76
  -79
  -84
  -88
Cash from investing activities, $m
  -1
  -69
  -73
  -76
  -79
  -83
  -87
  -91
  -95
  -100
  -104
  -109
  -114
  -119
  -125
  -132
  -138
  -144
  -151
  -159
  -166
  -174
  -183
  -192
  -202
  -211
  -222
  -233
  -244
  -257
  -269
Free cash flow, $m
  154
  -122
  -125
  -133
  -142
  -150
  -158
  -166
  -174
  -183
  -191
  -200
  -209
  -217
  -226
  -236
  -245
  -254
  -264
  -274
  -284
  -295
  -305
  -316
  -328
  -339
  -351
  -363
  -375
  -388
  -401
Issuance/(repayment) of debt, $m
  -119
  -31
  47
  54
  61
  67
  74
  80
  87
  94
  101
  108
  115
  122
  130
  138
  146
  155
  164
  173
  183
  193
  203
  214
  226
  238
  250
  263
  277
  292
  307
Issuance/(repurchase) of shares, $m
  1
  176
  104
  109
  114
  119
  124
  129
  134
  139
  145
  149
  154
  159
  164
  170
  175
  181
  186
  192
  197
  203
  209
  214
  220
  226
  232
  237
  243
  249
  255
Cash from financing (excl. dividends), $m  
  -129
  145
  151
  163
  175
  186
  198
  209
  221
  233
  246
  257
  269
  281
  294
  308
  321
  336
  350
  365
  380
  396
  412
  428
  446
  464
  482
  500
  520
  541
  562
Total cash flow (excl. dividends), $m
  25
  22
  26
  30
  33
  36
  40
  43
  47
  50
  54
  56
  60
  64
  68
  72
  77
  81
  86
  91
  96
  101
  106
  112
  118
  125
  131
  138
  145
  153
  161
Retained Cash Flow (-), $m
  75
  -176
  -104
  -109
  -114
  -119
  -124
  -129
  -134
  -139
  -145
  -149
  -154
  -159
  -164
  -170
  -175
  -181
  -186
  -192
  -197
  -203
  -209
  -214
  -220
  -226
  -232
  -237
  -243
  -249
  -255
Prev. year cash balance distribution, $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 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
 
  -153
  -78
  -79
  -81
  -82
  -84
  -86
  -87
  -89
  -91
  -92
  -94
  -95
  -96
  -98
  -99
  -100
  -101
  -101
  -102
  -102
  -102
  -102
  -102
  -101
  -101
  -99
  -98
  -96
  -94
Discount rate, %
 
  12.70
  13.34
  14.00
  14.70
  15.44
  16.21
  17.02
  17.87
  18.76
  19.70
  20.69
  21.72
  22.81
  23.95
  25.15
  26.40
  27.72
  29.11
  30.56
  32.09
  33.70
  35.38
  37.15
  39.01
  40.96
  43.01
  45.16
  47.41
  49.79
  52.27
PV of cash for distribution, $m
 
  -136
  -61
  -54
  -47
  -40
  -34
  -29
  -23
  -19
  -15
  -12
  -9
  -7
  -5
  -3
  -2
  -2
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  82.1
  75.6
  69.4
  63.7
  58.4
  53.4
  48.8
  44.6
  40.8
  37.3
  34.1
  31.2
  28.6
  26.2
  24.0
  22.0
  20.2
  18.6
  17.1
  15.8
  14.6
  13.5
  12.5
  11.5
  10.7
  10.0
  9.3
  8.6
  8.1
  7.6

General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, and specialty and communications markets worldwide. The company offers electric utility products, such as low- and medium-voltage distribution cables; high- and extra-high voltage power transmission cables; bare overhead conductors; and submarine transmission and distribution cables. It also offers electrical infrastructure products, including rubber-and plastic-jacketed wires and cables, low- and medium-voltage industrial power cables, ignition wire sets, and cable wire harnesses, as well as rail and mass transit, shipboard, oil and gas, armored mining, and alternative energy power generation cables. In addition, the company provides communications products comprising high-bandwidth twisted copper and fiber optic, multi conductor and pair fiber and copper networking, telecommunications exchange, coaxial, and low detection profile cables, as well as fiber-optic submarine cable systems, submarine networks, and offshore integration systems. Further, it offers construction products consisting of construction cables, flexible cords, and flame retardant cables, as well as rod mill products, including copper and aluminum rods. Additionally, the company provides design, integration, and installation services for products, such as high and extra-high voltage terrestrial and submarine systems. General Cable Corporation sells its products directly to utilities, independent distributors, retailers, contractors, and original equipment manufacturers. The company was founded in 1992 and is headquartered in Highland Heights, Kentucky.

FINANCIAL RATIOS  of  General Cable (BGC)

Valuation Ratios
P/E Ratio -8.8
Price to Sales 0.2
Price to Book 5.4
Price to Tangible Book
Price to Cash Flow 5.3
Price to Free Cash Flow 11.6
Growth Rates
Sales Growth Rate -14.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 35.5%
Cap. Spend. - 3 Yr. Gr. Rate 0.7%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 569.3%
Total Debt to Equity 613.7%
Interest Coverage 0
Management Effectiveness
Return On Assets -0.7%
Ret/ On Assets - 3 Yr. Avg. -5.1%
Return On Total Capital -7.8%
Ret/ On T. Cap. - 3 Yr. Avg. -14.7%
Return On Equity -49.3%
Return On Equity - 3 Yr. Avg. -52.6%
Asset Turnover 1.6
Profitability Ratios
Gross Margin 10.5%
Gross Margin - 3 Yr. Avg. 8.9%
EBITDA Margin 1.8%
EBITDA Margin - 3 Yr. Avg. -1.4%
Operating Margin -0.5%
Oper. Margin - 3 Yr. Avg. -1.8%
Pre-Tax Margin -2.5%
Pre-Tax Margin - 3 Yr. Avg. -5.5%
Net Profit Margin -2.4%
Net Profit Margin - 3 Yr. Avg. -5.2%
Effective Tax Rate 4.1%
Eff/ Tax Rate - 3 Yr. Avg. 4.3%
Payout Ratio -38.3%

BGC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BGC stock intrinsic value calculation we used $3858 million for the last fiscal year's total revenue generated by General Cable. The default revenue input number comes from 2016 income statement of General Cable. 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 BGC 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 12.7%, whose default value for BGC is calculated based on our internal credit rating of General Cable, 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 General Cable.
    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 BGC stock the variable cost ratio is equal to 94.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $224 million in the base year in the intrinsic value calculation for BGC 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 8% for General Cable.

Corporate tax rate of 27% is the nominal tax rate for General Cable. 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 BGC 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 BGC are equal to 15%.

Life of production assets of 10 years is the average useful life of capital assets used in General Cable 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 BGC is equal to 17.2%. 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 - $153 million for General Cable - 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 48.235 million for General Cable 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 General Cable at the current share price and the inputted number of shares is $0.8 billion.

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COMPANY NEWS

▶ General Cable Declares Dividend   [Aug-08-17 04:20PM  Business Wire]
▶ General Cable reports 2Q loss   [Aug-02-17 10:11PM  Associated Press]
▶ Stocks With Rising Relative Strength: General Cable   [Jul-24-17 03:00AM  Investor's Business Daily]
▶ General Cable Shows Improved Relative Strength; Still Shy Of Benchmark   [Jul-20-17 03:00AM  Investor's Business Daily]
▶ Why General Cable Corporation's Shares Popped 12% Today   [Jul-17-17 04:32PM  Motley Fool]
▶ Story Stocks from Briefing.com   [11:48AM  Briefing.com]
▶ Top 3 Wind Stocks as of July 2017   [Jul-12-17 04:46PM  Investopedia]
▶ ETFs with exposure to General Cable Corp. : June 20, 2017   [Jun-20-17 02:43PM  Capital Cube]
▶ ETFs with exposure to General Cable Corp. : May 23, 2017   [May-23-17 12:28PM  Capital Cube]
▶ General Cable Declares Dividend   [May-18-17 04:20PM  Business Wire]
▶ ETFs with exposure to General Cable Corp. : May 11, 2017   [May-11-17 04:15PM  Capital Cube]
▶ General Cable posts 1Q profit   [May-03-17 04:46PM  Associated Press]
Stock chart of BGC Financial statements of BGC
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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