Intrinsic value of Burlington Stores - BURL

Previous Close

$88.68

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$88.68

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of BURL 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 6.2

 

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, %
  8.99
  8.90
  8.51
  8.16
  7.84
  7.56
  7.30
  7.07
  6.87
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.59
  5.53
  5.47
  5.43
  5.38
  5.35
  5.31
  5.28
  5.25
  5.23
  5.20
  5.18
Revenue, $m
  5,591
  5,587
  6,062
  6,557
  7,071
  7,605
  8,161
  8,738
  9,338
  9,961
  10,610
  11,285
  11,987
  12,719
  13,481
  14,275
  15,103
  15,967
  16,870
  17,812
  18,796
  19,825
  20,901
  22,027
  23,204
  24,436
  25,727
  27,078
  28,493
  29,976
  31,530
Variable operating expenses, $m
 
  3,312
  3,594
  3,887
  4,191
  4,508
  4,837
  5,178
  5,533
  5,903
  6,287
  6,682
  7,097
  7,530
  7,982
  8,452
  8,942
  9,454
  9,988
  10,546
  11,129
  11,738
  12,375
  13,042
  13,739
  14,468
  15,232
  16,032
  16,870
  17,748
  18,668
Fixed operating expenses, $m
 
  1,888
  1,935
  1,984
  2,033
  2,084
  2,136
  2,190
  2,244
  2,300
  2,358
  2,417
  2,477
  2,539
  2,603
  2,668
  2,734
  2,803
  2,873
  2,945
  3,018
  3,094
  3,171
  3,250
  3,332
  3,415
  3,500
  3,588
  3,678
  3,769
  3,864
Total operating expenses, $m
  5,212
  5,200
  5,529
  5,871
  6,224
  6,592
  6,973
  7,368
  7,777
  8,203
  8,645
  9,099
  9,574
  10,069
  10,585
  11,120
  11,676
  12,257
  12,861
  13,491
  14,147
  14,832
  15,546
  16,292
  17,071
  17,883
  18,732
  19,620
  20,548
  21,517
  22,532
Operating income, $m
  379
  386
  533
  686
  846
  1,014
  1,188
  1,370
  1,560
  1,758
  1,965
  2,186
  2,412
  2,649
  2,896
  3,155
  3,426
  3,711
  4,009
  4,321
  4,649
  4,993
  5,355
  5,735
  6,134
  6,553
  6,994
  7,458
  7,945
  8,458
  8,998
EBITDA, $m
  563
  571
  733
  902
  1,079
  1,263
  1,456
  1,656
  1,865
  2,084
  2,312
  2,550
  2,798
  3,058
  3,330
  3,615
  3,913
  4,225
  4,552
  4,895
  5,254
  5,632
  6,028
  6,444
  6,881
  7,340
  7,822
  8,330
  8,863
  9,423
  10,013
Interest expense (income), $m
  52
  58
  51
  60
  70
  81
  91
  103
  114
  126
  139
  152
  165
  180
  194
  210
  226
  242
  260
  278
  297
  317
  337
  359
  382
  405
  430
  456
  483
  512
  542
Earnings before tax, $m
  333
  328
  482
  626
  776
  933
  1,097
  1,268
  1,446
  1,632
  1,827
  2,035
  2,247
  2,469
  2,702
  2,946
  3,201
  3,468
  3,749
  4,043
  4,352
  4,677
  5,017
  5,375
  5,752
  6,148
  6,564
  7,001
  7,462
  7,946
  8,456
Tax expense, $m
  117
  89
  130
  169
  210
  252
  296
  342
  390
  441
  493
  549
  607
  667
  730
  795
  864
  936
  1,012
  1,092
  1,175
  1,263
  1,355
  1,451
  1,553
  1,660
  1,772
  1,890
  2,015
  2,145
  2,283
Net income, $m
  216
  239
  352
  457
  567
  681
  801
  925
  1,055
  1,191
  1,333
  1,485
  1,640
  1,803
  1,972
  2,150
  2,337
  2,532
  2,737
  2,952
  3,177
  3,414
  3,663
  3,924
  4,199
  4,488
  4,791
  5,111
  5,447
  5,801
  6,173

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  82
  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
  2,574
  2,778
  3,014
  3,260
  3,516
  3,782
  4,058
  4,345
  4,643
  4,953
  5,276
  5,612
  5,961
  6,324
  6,703
  7,098
  7,510
  7,940
  8,389
  8,857
  9,347
  9,858
  10,393
  10,953
  11,539
  12,151
  12,793
  13,465
  14,169
  14,906
  15,679
Adjusted assets (=assets-cash), $m
  2,492
  2,778
  3,014
  3,260
  3,516
  3,782
  4,058
  4,345
  4,643
  4,953
  5,276
  5,612
  5,961
  6,324
  6,703
  7,098
  7,510
  7,940
  8,389
  8,857
  9,347
  9,858
  10,393
  10,953
  11,539
  12,151
  12,793
  13,465
  14,169
  14,906
  15,679
Revenue / Adjusted assets
  2.244
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
  2.011
Average production assets, $m
  1,499
  1,061
  1,152
  1,246
  1,343
  1,445
  1,551
  1,660
  1,774
  1,893
  2,016
  2,144
  2,278
  2,417
  2,561
  2,712
  2,870
  3,034
  3,205
  3,384
  3,571
  3,767
  3,971
  4,185
  4,409
  4,643
  4,888
  5,145
  5,414
  5,695
  5,991
Working capital, $m
  -69
  28
  30
  33
  35
  38
  41
  44
  47
  50
  53
  56
  60
  64
  67
  71
  76
  80
  84
  89
  94
  99
  105
  110
  116
  122
  129
  135
  142
  150
  158
Total debt, $m
  1,130
  1,126
  1,339
  1,560
  1,790
  2,030
  2,278
  2,537
  2,805
  3,084
  3,374
  3,676
  3,991
  4,318
  4,659
  5,015
  5,385
  5,772
  6,176
  6,598
  7,038
  7,499
  7,980
  8,484
  9,011
  9,562
  10,140
  10,744
  11,378
  12,041
  12,737
Total liabilities, $m
  2,624
  2,500
  2,713
  2,934
  3,164
  3,404
  3,652
  3,911
  4,179
  4,458
  4,748
  5,050
  5,365
  5,692
  6,033
  6,389
  6,759
  7,146
  7,550
  7,972
  8,412
  8,873
  9,354
  9,858
  10,385
  10,936
  11,514
  12,118
  12,752
  13,415
  14,111
Total equity, $m
  -50
  278
  301
  326
  352
  378
  406
  435
  464
  495
  528
  561
  596
  632
  670
  710
  751
  794
  839
  886
  935
  986
  1,039
  1,095
  1,154
  1,215
  1,279
  1,346
  1,417
  1,491
  1,568
Total liabilities and equity, $m
  2,574
  2,778
  3,014
  3,260
  3,516
  3,782
  4,058
  4,346
  4,643
  4,953
  5,276
  5,611
  5,961
  6,324
  6,703
  7,099
  7,510
  7,940
  8,389
  8,858
  9,347
  9,859
  10,393
  10,953
  11,539
  12,151
  12,793
  13,464
  14,169
  14,906
  15,679
Debt-to-equity ratio
  -22.600
  4.050
  4.440
  4.790
  5.090
  5.370
  5.610
  5.840
  6.040
  6.230
  6.400
  6.550
  6.690
  6.830
  6.950
  7.060
  7.170
  7.270
  7.360
  7.450
  7.530
  7.610
  7.680
  7.750
  7.810
  7.870
  7.930
  7.980
  8.030
  8.080
  8.120
Adjusted equity ratio
  -0.053
  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
  216
  239
  352
  457
  567
  681
  801
  925
  1,055
  1,191
  1,333
  1,485
  1,640
  1,803
  1,972
  2,150
  2,337
  2,532
  2,737
  2,952
  3,177
  3,414
  3,663
  3,924
  4,199
  4,488
  4,791
  5,111
  5,447
  5,801
  6,173
Depreciation, amort., depletion, $m
  184
  185
  200
  216
  232
  250
  268
  286
  305
  325
  346
  363
  386
  410
  434
  460
  486
  514
  543
  574
  605
  638
  673
  709
  747
  787
  828
  872
  918
  965
  1,015
Funds from operations, $m
  791
  424
  552
  673
  799
  931
  1,068
  1,211
  1,361
  1,517
  1,680
  1,849
  2,026
  2,212
  2,407
  2,610
  2,823
  3,046
  3,280
  3,525
  3,782
  4,052
  4,336
  4,633
  4,946
  5,275
  5,620
  5,983
  6,365
  6,766
  7,188
Change in working capital, $m
  189
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
  7
  8
Cash from operations, $m
  602
  -77
  550
  670
  796
  928
  1,065
  1,209
  1,358
  1,514
  1,677
  1,845
  2,023
  2,209
  2,403
  2,606
  2,819
  3,042
  3,275
  3,520
  3,777
  4,047
  4,330
  4,628
  4,940
  5,268
  5,614
  5,976
  6,358
  6,759
  7,180
Maintenance CAPEX, $m
  0
  -165
  -180
  -195
  -211
  -228
  -245
  -263
  -281
  -301
  -321
  -342
  -363
  -386
  -410
  -434
  -460
  -486
  -514
  -543
  -574
  -605
  -638
  -673
  -709
  -747
  -787
  -828
  -872
  -918
  -965
New CAPEX, $m
  -188
  -86
  -90
  -94
  -98
  -102
  -106
  -110
  -114
  -118
  -123
  -128
  -133
  -139
  -145
  -151
  -157
  -164
  -171
  -179
  -187
  -195
  -204
  -214
  -224
  -234
  -245
  -257
  -269
  -282
  -295
Cash from investing activities, $m
  -180
  -251
  -270
  -289
  -309
  -330
  -351
  -373
  -395
  -419
  -444
  -470
  -496
  -525
  -555
  -585
  -617
  -650
  -685
  -722
  -761
  -800
  -842
  -887
  -933
  -981
  -1,032
  -1,085
  -1,141
  -1,200
  -1,260
Free cash flow, $m
  422
  -328
  279
  381
  488
  599
  715
  836
  963
  1,095
  1,233
  1,375
  1,526
  1,684
  1,848
  2,021
  2,202
  2,391
  2,590
  2,798
  3,017
  3,246
  3,488
  3,741
  4,007
  4,287
  4,581
  4,891
  5,217
  5,559
  5,920
Issuance/(repayment) of debt, $m
  -170
  -170
  213
  221
  230
  239
  249
  258
  268
  279
  290
  302
  314
  327
  341
  355
  371
  387
  404
  422
  441
  460
  481
  504
  527
  552
  577
  605
  633
  664
  695
Issuance/(repurchase) of shares, $m
  -198
  875
  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  
  -361
  705
  213
  221
  230
  239
  249
  258
  268
  279
  290
  302
  314
  327
  341
  355
  371
  387
  404
  422
  441
  460
  481
  504
  527
  552
  577
  605
  633
  664
  695
Total cash flow (excl. dividends), $m
  61
  -498
  492
  602
  718
  838
  963
  1,094
  1,231
  1,374
  1,523
  1,677
  1,840
  2,011
  2,189
  2,376
  2,572
  2,778
  2,994
  3,220
  3,457
  3,707
  3,969
  4,245
  4,534
  4,839
  5,159
  5,496
  5,850
  6,223
  6,615
Retained Cash Flow (-), $m
  -49
  -397
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -31
  -32
  -34
  -35
  -36
  -38
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -53
  -56
  -59
  -61
  -64
  -67
  -70
  -74
  -77
Prev. year cash balance distribution, $m
 
  20
  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
 
  0
  468
  578
  692
  811
  936
  1,066
  1,201
  1,343
  1,491
  1,644
  1,805
  1,974
  2,151
  2,337
  2,531
  2,735
  2,949
  3,173
  3,408
  3,656
  3,916
  4,189
  4,476
  4,777
  5,095
  5,429
  5,780
  6,149
  6,538
Discount rate, %
 
  12.30
  12.92
  13.56
  14.24
  14.95
  15.70
  16.48
  17.31
  18.17
  19.08
  20.04
  21.04
  22.09
  23.19
  24.35
  25.57
  26.85
  28.19
  29.60
  31.08
  32.64
  34.27
  35.98
  37.78
  39.67
  41.65
  43.73
  45.92
  48.22
  50.63
PV of cash for distribution, $m
 
  0
  367
  395
  406
  404
  390
  366
  335
  299
  260
  221
  183
  147
  116
  89
  66
  48
  34
  23
  15
  10
  6
  4
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home décor and gifts, and coats. As of August 25, 2016, it operated 570 stores in 45 states and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is based in Burlington, New Jersey.

FINANCIAL RATIOS  of  Burlington Stores (BURL)

Valuation Ratios
P/E Ratio 28.8
Price to Sales 1.1
Price to Book -124.5
Price to Tangible Book
Price to Cash Flow 10.3
Price to Free Cash Flow 15
Growth Rates
Sales Growth Rate 9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.9%
Cap. Spend. - 3 Yr. Gr. Rate 2.3%
Financial Strength
Quick Ratio 41
Current Ratio 0
LT Debt to Equity -2256%
Total Debt to Equity -2260%
Interest Coverage 7
Management Effectiveness
Return On Assets 9.7%
Ret/ On Assets - 3 Yr. Avg. 7.3%
Return On Total Capital 19%
Ret/ On T. Cap. - 3 Yr. Avg. 12.3%
Return On Equity -289.9%
Return On Equity - 3 Yr. Avg. -177.6%
Asset Turnover 2.2
Profitability Ratios
Gross Margin 41%
Gross Margin - 3 Yr. Avg. 40.5%
EBITDA Margin 10.2%
EBITDA Margin - 3 Yr. Avg. 9%
Operating Margin 6.8%
Oper. Margin - 3 Yr. Avg. 5.4%
Pre-Tax Margin 6%
Pre-Tax Margin - 3 Yr. Avg. 4.3%
Net Profit Margin 3.9%
Net Profit Margin - 3 Yr. Avg. 2.7%
Effective Tax Rate 35.1%
Eff/ Tax Rate - 3 Yr. Avg. 36.5%
Payout Ratio 0%

BURL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BURL stock intrinsic value calculation we used $5130 million for the last fiscal year's total revenue generated by Burlington Stores. The default revenue input number comes from 2017 income statement of Burlington Stores. 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 BURL stock valuation model: a) initial revenue growth rate of 8.9% 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 12.3%, whose default value for BURL is calculated based on our internal credit rating of Burlington Stores, 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 Burlington Stores.
    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 BURL stock the variable cost ratio is equal to 59.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1842 million in the base year in the intrinsic value calculation for BURL 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 4.5% for Burlington Stores.

Corporate tax rate of 27% is the nominal tax rate for Burlington Stores. 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 BURL 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 BURL are equal to 19%.

Life of production assets of 5.9 years is the average useful life of capital assets used in Burlington Stores 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 BURL is equal to 0.5%. 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 - $-99 million for Burlington Stores - 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 70.478 million for Burlington Stores 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 Burlington Stores at the current share price and the inputted number of shares is $6.2 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
GMAN Gordmans Store 0.170 prem.  prem.
M Macy's 22.47 prem.  prem.
CTRN Citi Trends 20.40 prem.  prem.
TUES Tuesday Mornin 1.77 prem.  prem.
OLLI Ollie's Ba 39.85 prem.  prem.
JWN Nordstrom 47.80 prem.  prem.
OSTK Overstock.com 16.30 prem.  prem.
ROST Ross Stores 56.70 prem.  prem.
SMRT Stein Mart 1.61 prem.  prem.

COMPANY NEWS

▶ Burlington Stores Doesn't Look Like a Bargain   [Jun-27-17 11:42AM  TheStreet.com]
▶ The 3 Best Department Store Stocks to Buy in 2017   [Jun-21-17 12:30PM  Motley Fool]
▶ Top Ranked Growth Stocks to Buy for June 20th   [Jun-20-17 10:50AM  Zacks]
▶ Credit Suisse's Top 3 Apparel Picks   [Jun-15-17 03:01PM  Investopedia]
▶ This Is How Millennials Shop   [10:00AM  Forbes]
▶ Stocks Pause Ahead Of 3-Day Weekend; Costco, Veeva Jump   [12:13PM  Investor's Business Daily]
▶ Costco Beats After Burlington Soars, Dollar Tree Guides Low   [05:17PM  Investor's Business Daily]
▶ Retail And E-Commerce News And Stocks To Watch   [04:35PM  Investor's Business Daily]
▶ Cramer's Stop Trading: BURL and CAT   [09:55AM  CNBC Videos]
▶ Burlington Stores beats 1Q profit forecasts   [06:56AM  Associated Press]
▶ Where Does TJX Companies Valuation Stand?   [May-22-17 10:36AM  Market Realist]
▶ [$$] 5 Retailers That Can Survive Amazon   [12:01AM  Barrons.com]
▶ What Drove TJX Companies 1Q18 Earnings?   [May-19-17 04:06PM  Market Realist]
▶ Morgan Stanley: Buy the pullback in this retailer   [May-17-17 01:12PM  CNBC Videos]
▶ Cramer: 4 Opportunities in a Hammered Sector   [May-11-17 07:01PM  TheStreet.com]
▶ Top Ranked Growth Stocks to Buy for May 9th   [May-09-17 11:13AM  Zacks]
▶ How Analysts View Off-Price Retailer Stocks   [Apr-28-17 10:37AM  Market Realist]
▶ A Look at Off-Price Retailers Valuations   [09:08AM  Market Realist]
▶ Assessing Off-Price Retailer Stocks in 2017   [Apr-27-17 06:05PM  Market Realist]
▶ Burlington Stores Rally Is Slowing   [Apr-21-17 11:27AM  TheStreet.com]
▶ Cramer looks at 2 retail leaders   [Apr-10-17 07:34PM  CNBC Videos]
▶ Stocks, Oil Rise; Earnings Fuel Breakout For Constellation Brands   [Apr-06-17 02:56PM  Investor's Business Daily]
Stock chart of BURL Financial statements of BURL Annual reports of BURL
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.