Intrinsic value of Big 5 Sporting Goods - BGFV

Previous Close

$7.35

  Intrinsic Value

$8.86

stock screener

  Rating & Target

buy

+21%

  Value-price divergence*

+83%

Previous close

$7.35

 
Intrinsic value

$8.86

 
Up/down potential

+21%

 
Rating

buy

 
Value-price divergence*

+83%

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

We calculate the intrinsic value of BGFV 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 2017), $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 0.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -0.78
  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
  1,021
  1,041
  1,065
  1,093
  1,123
  1,158
  1,195
  1,236
  1,280
  1,327
  1,378
  1,433
  1,491
  1,553
  1,618
  1,688
  1,762
  1,840
  1,923
  2,011
  2,103
  2,201
  2,304
  2,412
  2,526
  2,646
  2,773
  2,906
  3,046
  3,194
  3,349
Variable operating expenses, $m
 
  1,015
  1,039
  1,065
  1,095
  1,129
  1,165
  1,205
  1,248
  1,294
  1,343
  1,396
  1,453
  1,513
  1,577
  1,645
  1,717
  1,794
  1,874
  1,960
  2,050
  2,145
  2,245
  2,351
  2,462
  2,579
  2,703
  2,832
  2,969
  3,113
  3,264
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
  992
  1,015
  1,039
  1,065
  1,095
  1,129
  1,165
  1,205
  1,248
  1,294
  1,343
  1,396
  1,453
  1,513
  1,577
  1,645
  1,717
  1,794
  1,874
  1,960
  2,050
  2,145
  2,245
  2,351
  2,462
  2,579
  2,703
  2,832
  2,969
  3,113
  3,264
Operating income, $m
  29
  26
  27
  27
  28
  29
  30
  31
  32
  33
  35
  36
  38
  39
  41
  43
  45
  47
  49
  51
  53
  56
  58
  61
  64
  67
  70
  74
  77
  81
  85
EBITDA, $m
  48
  35
  36
  37
  38
  39
  40
  42
  43
  45
  46
  48
  50
  52
  54
  57
  59
  62
  65
  68
  71
  74
  77
  81
  85
  89
  93
  98
  102
  107
  113
Interest expense (income), $m
  1
  0
  1
  1
  1
  1
  1
  2
  2
  2
  3
  3
  4
  4
  5
  5
  6
  6
  7
  7
  8
  9
  10
  10
  11
  12
  13
  14
  15
  16
  17
Earnings before tax, $m
  28
  26
  26
  27
  27
  28
  28
  29
  30
  31
  32
  33
  34
  35
  37
  38
  39
  41
  42
  44
  45
  47
  49
  51
  53
  55
  57
  60
  62
  65
  68
Tax expense, $m
  11
  7
  7
  7
  7
  7
  8
  8
  8
  8
  9
  9
  9
  10
  10
  10
  11
  11
  11
  12
  12
  13
  13
  14
  14
  15
  15
  16
  17
  18
  18
Net income, $m
  17
  19
  19
  19
  20
  20
  21
  21
  22
  23
  23
  24
  25
  26
  27
  28
  29
  30
  31
  32
  33
  34
  36
  37
  39
  40
  42
  44
  45
  47
  49

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  8
  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
  434
  434
  444
  456
  469
  483
  499
  515
  534
  554
  575
  598
  622
  648
  675
  704
  735
  768
  802
  839
  877
  918
  961
  1,006
  1,054
  1,104
  1,157
  1,212
  1,271
  1,332
  1,397
Adjusted assets (=assets-cash), $m
  426
  434
  444
  456
  469
  483
  499
  515
  534
  554
  575
  598
  622
  648
  675
  704
  735
  768
  802
  839
  877
  918
  961
  1,006
  1,054
  1,104
  1,157
  1,212
  1,271
  1,332
  1,397
Revenue / Adjusted assets
  2.397
  2.399
  2.399
  2.397
  2.394
  2.398
  2.395
  2.400
  2.397
  2.395
  2.397
  2.396
  2.397
  2.397
  2.397
  2.398
  2.397
  2.396
  2.398
  2.397
  2.398
  2.398
  2.398
  2.398
  2.397
  2.397
  2.397
  2.398
  2.397
  2.398
  2.397
Average production assets, $m
  42
  43
  44
  45
  46
  47
  49
  51
  52
  54
  57
  59
  61
  64
  66
  69
  72
  75
  79
  82
  86
  90
  94
  99
  104
  108
  114
  119
  125
  131
  137
Working capital, $m
  137
  132
  135
  139
  143
  147
  152
  157
  163
  169
  175
  182
  189
  197
  206
  214
  224
  234
  244
  255
  267
  279
  293
  306
  321
  336
  352
  369
  387
  406
  425
Total debt, $m
  13
  16
  22
  28
  35
  42
  51
  60
  70
  80
  92
  104
  117
  131
  145
  161
  177
  195
  213
  233
  253
  275
  298
  322
  348
  375
  403
  433
  464
  497
  532
Total liabilities, $m
  229
  232
  238
  244
  251
  258
  267
  276
  286
  296
  308
  320
  333
  347
  361
  377
  393
  411
  429
  449
  469
  491
  514
  538
  564
  591
  619
  649
  680
  713
  748
Total equity, $m
  205
  202
  207
  212
  218
  225
  232
  240
  248
  257
  267
  278
  289
  301
  314
  327
  342
  357
  373
  390
  408
  427
  447
  468
  490
  513
  538
  564
  591
  620
  650
Total liabilities and equity, $m
  434
  434
  445
  456
  469
  483
  499
  516
  534
  553
  575
  598
  622
  648
  675
  704
  735
  768
  802
  839
  877
  918
  961
  1,006
  1,054
  1,104
  1,157
  1,213
  1,271
  1,333
  1,398
Debt-to-equity ratio
  0.063
  0.080
  0.110
  0.130
  0.160
  0.190
  0.220
  0.250
  0.280
  0.310
  0.340
  0.370
  0.400
  0.430
  0.460
  0.490
  0.520
  0.550
  0.570
  0.600
  0.620
  0.640
  0.670
  0.690
  0.710
  0.730
  0.750
  0.770
  0.790
  0.800
  0.820
Adjusted equity ratio
  0.462
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  17
  19
  19
  19
  20
  20
  21
  21
  22
  23
  23
  24
  25
  26
  27
  28
  29
  30
  31
  32
  33
  34
  36
  37
  39
  40
  42
  44
  45
  47
  49
Depreciation, amort., depletion, $m
  19
  9
  9
  9
  10
  10
  10
  11
  11
  11
  12
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
Funds from operations, $m
  110
  28
  28
  29
  29
  30
  31
  32
  33
  34
  35
  36
  37
  39
  40
  41
  43
  45
  46
  48
  50
  52
  55
  57
  59
  62
  65
  67
  70
  74
  77
Change in working capital, $m
  36
  3
  3
  3
  4
  4
  5
  5
  6
  6
  6
  7
  7
  8
  8
  9
  9
  10
  11
  11
  12
  12
  13
  14
  15
  15
  16
  17
  18
  19
  20
Cash from operations, $m
  74
  25
  25
  25
  26
  26
  26
  27
  27
  28
  28
  29
  30
  31
  32
  33
  34
  35
  36
  37
  39
  40
  41
  43
  45
  47
  48
  50
  53
  55
  57
Maintenance CAPEX, $m
  0
  -8
  -9
  -9
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
New CAPEX, $m
  -14
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
Cash from investing activities, $m
  -14
  -9
  -10
  -10
  -10
  -10
  -11
  -12
  -12
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -17
  -18
  -20
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -28
  -30
  -31
  -32
Free cash flow, $m
  60
  16
  16
  15
  15
  15
  15
  15
  15
  15
  15
  16
  16
  16
  16
  16
  17
  17
  17
  18
  18
  19
  19
  20
  20
  21
  22
  22
  23
  24
  25
Issuance/(repayment) of debt, $m
  -46
  4
  5
  6
  7
  8
  8
  9
  10
  11
  11
  12
  13
  14
  15
  16
  17
  17
  18
  20
  21
  22
  23
  24
  25
  27
  28
  30
  31
  33
  35
Issuance/(repurchase) of shares, $m
  -1
  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  
  -48
  4
  5
  6
  7
  8
  8
  9
  10
  11
  11
  12
  13
  14
  15
  16
  17
  17
  18
  20
  21
  22
  23
  24
  25
  27
  28
  30
  31
  33
  35
Total cash flow (excl. dividends), $m
  12
  20
  21
  22
  22
  23
  24
  24
  25
  26
  27
  28
  29
  30
  31
  32
  33
  35
  36
  37
  39
  40
  42
  44
  46
  48
  50
  52
  54
  57
  59
Retained Cash Flow (-), $m
  -6
  -4
  -5
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
Prev. year cash balance distribution, $m
 
  7
  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
 
  23
  16
  16
  16
  16
  16
  16
  17
  17
  17
  17
  17
  18
  18
  18
  19
  19
  20
  20
  21
  22
  22
  23
  24
  24
  25
  26
  27
  28
  29
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
 
  22
  15
  14
  13
  13
  12
  11
  10
  10
  9
  8
  7
  7
  6
  5
  5
  4
  4
  3
  3
  2
  2
  2
  1
  1
  1
  1
  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

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company's product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports. The Company purchases merchandise from sporting goods equipment, athletic footwear and apparel manufacturers. It offers various brands, such as adidas, Coleman, Footjoy, JanSport, Rawlings, Spalding, Asics, Columbia, Franklin, Lifetime, Razor, Speedo, Bearpaw, Crocs, Gildan, Mizuno, Rollerblade and Timex. The Company operated 432 stores and an e-commerce platform under the name Big 5 Sporting Goods, as of January 1, 2017.

FINANCIAL RATIOS  of  Big 5 Sporting Goods (BGFV)

Valuation Ratios
P/E Ratio 9.5
Price to Sales 0.2
Price to Book 0.8
Price to Tangible Book
Price to Cash Flow 2.2
Price to Free Cash Flow 2.7
Growth Rates
Sales Growth Rate -0.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -44%
Cap. Spend. - 3 Yr. Gr. Rate -8.6%
Financial Strength
Quick Ratio 8
Current Ratio 0
LT Debt to Equity 5.9%
Total Debt to Equity 6.3%
Interest Coverage 29
Management Effectiveness
Return On Assets 4%
Ret/ On Assets - 3 Yr. Avg. 3.7%
Return On Total Capital 7.1%
Ret/ On T. Cap. - 3 Yr. Avg. 6.3%
Return On Equity 8.4%
Return On Equity - 3 Yr. Avg. 7.9%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 31.7%
Gross Margin - 3 Yr. Avg. 31.8%
EBITDA Margin 4.7%
EBITDA Margin - 3 Yr. Avg. 4.8%
Operating Margin 2.8%
Oper. Margin - 3 Yr. Avg. 2.6%
Pre-Tax Margin 2.7%
Pre-Tax Margin - 3 Yr. Avg. 2.5%
Net Profit Margin 1.7%
Net Profit Margin - 3 Yr. Avg. 1.6%
Effective Tax Rate 39.3%
Eff/ Tax Rate - 3 Yr. Avg. 38.9%
Payout Ratio 64.7%

BGFV stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BGFV stock intrinsic value calculation we used $1021 million for the last fiscal year's total revenue generated by Big 5 Sporting Goods. The default revenue input number comes from 2017 income statement of Big 5 Sporting Goods. 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 BGFV 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 4.3%, whose default value for BGFV is calculated based on our internal credit rating of Big 5 Sporting Goods, 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 Big 5 Sporting Goods.
    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 BGFV stock the variable cost ratio is equal to 97.5%.

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 BGFV 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 Big 5 Sporting Goods.

Corporate tax rate of 27% is the nominal tax rate for Big 5 Sporting Goods. 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 BGFV 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 BGFV are equal to 4.1%.

Life of production assets of 2.4 years is the average useful life of capital assets used in Big 5 Sporting Goods 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 BGFV is equal to 12.7%. 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 - $205 million for Big 5 Sporting Goods - 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 21.601 million for Big 5 Sporting Goods 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 Big 5 Sporting Goods at the current share price and the inputted number of shares is $0.2 billion.

RELATED COMPANIES Price Int.Val. Rating
HIBB Hibbett Sports 13.65 47.48  str.buy
DKS Dick's Spo 26.87 3.74  str.sell
CAB Cabela's 61.47 17.42  str.sell
GOLF Acushnet Holdi 17.09 12.20  sell
FL Foot Locker 33.60 84.86  str.buy

COMPANY NEWS

▶ Wednesday's Worst Stocks: AMC, JWN, PXD   [Aug-02-17 12:40PM  TheStreet.com]
▶ The Market In 5 Minutes   [08:29AM  Benzinga]
▶ Big 5 misses Street 2Q forecasts   [Aug-01-17 10:18PM  Associated Press]
▶ 5 Retail Growth Stocks To Buy Now   [Jun-29-17 03:47PM  Zacks]
▶ Top Ranked Income Stocks to Buy for June 28th   [Jun-28-17 11:31AM  Zacks]
▶ Top Ranked Value Stocks to Buy for June 27th   [Jun-27-17 11:20AM  Zacks]
▶ Top Ranked Momentum Stocks to Buy for June 26th   [Jun-26-17 07:19AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 23rd   [Jun-23-17 12:00PM  Zacks]
▶ Top Ranked Momentum Stocks to Buy for June 22nd   [Jun-22-17 10:58AM  Zacks]
▶ Is Nike joining the Amazon roster?   [Jun-21-17 01:51PM  Associated Press]
▶ Top Ranked Income Stocks to Buy for June 20th   [Jun-20-17 10:49AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 19th   [Jun-19-17 10:55AM  Zacks]
▶ Top Ranked Income Stocks to Buy for June 16th   [Jun-16-17 11:40AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 15th   [Jun-15-17 11:59AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 13th   [Jun-13-17 11:00AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 9th   [Jun-09-17 11:29AM  Zacks]
▶ Top Ranked Income Stocks to Buy for June 8th   [Jun-08-17 11:38AM  Zacks]
▶ 5 Stocks To Buy At The Top   [Jun-02-17 01:39PM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 1st   [Jun-01-17 11:41AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for May 31st   [May-31-17 11:35AM  Zacks]
▶ Top Ranked Income Stocks to Buy for May 30th   [May-30-17 11:25AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for May 26th   [May-26-17 11:58AM  Zacks]
▶ Top Ranked Income Stocks to Buy for May 25th   [May-25-17 11:55AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for May 24th   [May-24-17 09:29AM  Zacks]
▶ Top Ranked Income Stocks to Buy for May 23rd   [May-23-17 07:43AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for May 22nd   [May-22-17 09:56AM  Zacks]
▶ Top Ranked Momentum Stocks to Buy for May 19th   [May-19-17 10:44AM  Zacks]
Financial statements of BGFV
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

VALUATION THEORY       ASSET ALLOCATION

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

Copyright © X-FIN.com 2005-2017. All rigths reserved.