Intrinsic value of Crown Holdings - CCK

Previous Close

$57.41

  Intrinsic Value

$44.24

stock screener

  Rating & Target

sell

-23%

Previous close

$57.41

 
Intrinsic value

$44.24

 
Up/down potential

-23%

 
Rating

sell

We calculate the intrinsic value of CCK 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 7.8

 

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, %
  -5.46
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.58
  5.53
  5.47
  5.43
  5.38
  5.35
  5.31
  5.28
  5.25
  5.23
  5.20
  5.18
  5.17
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.06
  5.06
  5.05
Revenue, $m
  8,284
  8,789
  9,316
  9,865
  10,437
  11,034
  11,657
  12,309
  12,989
  13,700
  14,443
  15,221
  16,034
  16,886
  17,777
  18,711
  19,689
  20,713
  21,787
  22,912
  24,092
  25,329
  26,626
  27,986
  29,412
  30,909
  32,478
  34,125
  35,854
  37,667
  39,570
Variable operating expenses, $m
 
  7,844
  8,292
  8,760
  9,247
  9,755
  10,286
  10,840
  11,419
  12,024
  12,657
  12,956
  13,648
  14,373
  15,132
  15,927
  16,759
  17,631
  18,545
  19,503
  20,507
  21,560
  22,664
  23,822
  25,036
  26,310
  27,646
  29,048
  30,519
  32,063
  33,682
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
  7,300
  7,844
  8,292
  8,760
  9,247
  9,755
  10,286
  10,840
  11,419
  12,024
  12,657
  12,956
  13,648
  14,373
  15,132
  15,927
  16,759
  17,631
  18,545
  19,503
  20,507
  21,560
  22,664
  23,822
  25,036
  26,310
  27,646
  29,048
  30,519
  32,063
  33,682
Operating income, $m
  984
  945
  1,023
  1,105
  1,190
  1,279
  1,372
  1,469
  1,570
  1,676
  1,786
  2,265
  2,386
  2,512
  2,645
  2,784
  2,929
  3,082
  3,242
  3,409
  3,584
  3,768
  3,961
  4,164
  4,376
  4,599
  4,832
  5,077
  5,334
  5,604
  5,887
EBITDA, $m
  1,231
  1,394
  1,478
  1,565
  1,656
  1,750
  1,849
  1,953
  2,060
  2,173
  2,291
  2,414
  2,544
  2,679
  2,820
  2,968
  3,123
  3,286
  3,456
  3,635
  3,822
  4,018
  4,224
  4,439
  4,666
  4,903
  5,152
  5,413
  5,688
  5,975
  6,277
Interest expense (income), $m
  217
  208
  199
  221
  243
  267
  291
  317
  344
  372
  401
  432
  464
  497
  532
  569
  607
  647
  690
  734
  780
  829
  880
  933
  989
  1,048
  1,109
  1,174
  1,242
  1,313
  1,387
Earnings before tax, $m
  769
  737
  824
  884
  947
  1,012
  1,080
  1,152
  1,226
  1,304
  1,385
  1,833
  1,922
  2,015
  2,113
  2,215
  2,322
  2,434
  2,552
  2,675
  2,804
  2,940
  3,082
  3,231
  3,387
  3,551
  3,723
  3,904
  4,093
  4,292
  4,500
Tax expense, $m
  186
  199
  223
  239
  256
  273
  292
  311
  331
  352
  374
  495
  519
  544
  570
  598
  627
  657
  689
  722
  757
  794
  832
  872
  915
  959
  1,005
  1,054
  1,105
  1,159
  1,215
Net income, $m
  496
  538
  602
  646
  691
  739
  789
  841
  895
  952
  1,011
  1,338
  1,403
  1,471
  1,542
  1,617
  1,695
  1,777
  1,863
  1,953
  2,047
  2,146
  2,250
  2,359
  2,473
  2,592
  2,718
  2,850
  2,988
  3,133
  3,285

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  257
  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
  9,970
  10,304
  10,921
  11,565
  12,236
  12,936
  13,666
  14,430
  15,227
  16,061
  16,932
  17,844
  18,797
  19,796
  20,841
  21,935
  23,082
  24,283
  25,541
  26,861
  28,244
  29,694
  31,214
  32,808
  34,481
  36,235
  38,076
  40,006
  42,032
  44,158
  46,389
Adjusted assets (=assets-cash), $m
  9,713
  10,304
  10,921
  11,565
  12,236
  12,936
  13,666
  14,430
  15,227
  16,061
  16,932
  17,844
  18,797
  19,796
  20,841
  21,935
  23,082
  24,283
  25,541
  26,861
  28,244
  29,694
  31,214
  32,808
  34,481
  36,235
  38,076
  40,006
  42,032
  44,158
  46,389
Revenue / Adjusted assets
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
  0.853
Average production assets, $m
  1,638
  1,740
  1,845
  1,953
  2,067
  2,185
  2,308
  2,437
  2,572
  2,713
  2,860
  3,014
  3,175
  3,343
  3,520
  3,705
  3,898
  4,101
  4,314
  4,537
  4,770
  5,015
  5,272
  5,541
  5,824
  6,120
  6,431
  6,757
  7,099
  7,458
  7,835
Working capital, $m
  186
  246
  261
  276
  292
  309
  326
  345
  364
  384
  404
  426
  449
  473
  498
  524
  551
  580
  610
  642
  675
  709
  746
  784
  824
  865
  909
  956
  1,004
  1,055
  1,108
Total debt, $m
  5,599
  5,102
  5,657
  6,236
  6,840
  7,470
  8,128
  8,815
  9,532
  10,282
  11,067
  11,887
  12,746
  13,644
  14,585
  15,570
  16,601
  17,682
  18,815
  20,003
  21,247
  22,552
  23,921
  25,356
  26,861
  28,440
  30,096
  31,834
  33,657
  35,570
  37,578
Total liabilities, $m
  9,771
  9,274
  9,829
  10,408
  11,012
  11,642
  12,300
  12,987
  13,704
  14,454
  15,239
  16,059
  16,918
  17,816
  18,757
  19,742
  20,773
  21,854
  22,987
  24,175
  25,419
  26,724
  28,093
  29,528
  31,033
  32,612
  34,268
  36,006
  37,829
  39,742
  41,750
Total equity, $m
  199
  1,030
  1,092
  1,156
  1,224
  1,294
  1,367
  1,443
  1,523
  1,606
  1,693
  1,784
  1,880
  1,980
  2,084
  2,194
  2,308
  2,428
  2,554
  2,686
  2,824
  2,969
  3,121
  3,281
  3,448
  3,624
  3,808
  4,001
  4,203
  4,416
  4,639
Total liabilities and equity, $m
  9,970
  10,304
  10,921
  11,564
  12,236
  12,936
  13,667
  14,430
  15,227
  16,060
  16,932
  17,843
  18,798
  19,796
  20,841
  21,936
  23,081
  24,282
  25,541
  26,861
  28,243
  29,693
  31,214
  32,809
  34,481
  36,236
  38,076
  40,007
  42,032
  44,158
  46,389
Debt-to-equity ratio
  28.136
  4.950
  5.180
  5.390
  5.590
  5.770
  5.950
  6.110
  6.260
  6.400
  6.540
  6.660
  6.780
  6.890
  7.000
  7.100
  7.190
  7.280
  7.370
  7.450
  7.520
  7.590
  7.660
  7.730
  7.790
  7.850
  7.900
  7.960
  8.010
  8.060
  8.100
Adjusted equity ratio
  0.001
  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
  496
  538
  602
  646
  691
  739
  789
  841
  895
  952
  1,011
  1,338
  1,403
  1,471
  1,542
  1,617
  1,695
  1,777
  1,863
  1,953
  2,047
  2,146
  2,250
  2,359
  2,473
  2,592
  2,718
  2,850
  2,988
  3,133
  3,285
Depreciation, amort., depletion, $m
  247
  449
  454
  460
  466
  471
  478
  484
  491
  498
  505
  150
  158
  166
  175
  184
  194
  204
  215
  226
  237
  250
  262
  276
  290
  304
  320
  336
  353
  371
  390
Funds from operations, $m
  1,025
  987
  1,056
  1,105
  1,157
  1,210
  1,266
  1,325
  1,386
  1,449
  1,516
  1,488
  1,561
  1,637
  1,717
  1,801
  1,889
  1,981
  2,078
  2,179
  2,285
  2,396
  2,512
  2,634
  2,762
  2,897
  3,038
  3,186
  3,341
  3,504
  3,675
Change in working capital, $m
  95
  14
  15
  15
  16
  17
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
  29
  30
  32
  33
  35
  36
  38
  40
  42
  44
  46
  48
  51
  53
Cash from operations, $m
  930
  973
  1,042
  1,090
  1,141
  1,194
  1,249
  1,306
  1,367
  1,430
  1,495
  1,466
  1,538
  1,614
  1,693
  1,775
  1,862
  1,952
  2,047
  2,147
  2,251
  2,361
  2,476
  2,596
  2,722
  2,855
  2,994
  3,140
  3,293
  3,453
  3,622
Maintenance CAPEX, $m
  0
  -81
  -87
  -92
  -97
  -103
  -109
  -115
  -121
  -128
  -135
  -142
  -150
  -158
  -166
  -175
  -184
  -194
  -204
  -215
  -226
  -237
  -250
  -262
  -276
  -290
  -304
  -320
  -336
  -353
  -371
New CAPEX, $m
  -473
  -102
  -104
  -109
  -113
  -118
  -123
  -129
  -135
  -141
  -147
  -154
  -161
  -169
  -177
  -185
  -194
  -203
  -213
  -223
  -234
  -245
  -257
  -269
  -282
  -296
  -311
  -326
  -342
  -359
  -377
Cash from investing activities, $m
  -442
  -183
  -191
  -201
  -210
  -221
  -232
  -244
  -256
  -269
  -282
  -296
  -311
  -327
  -343
  -360
  -378
  -397
  -417
  -438
  -460
  -482
  -507
  -531
  -558
  -586
  -615
  -646
  -678
  -712
  -748
Free cash flow, $m
  488
  789
  851
  890
  930
  973
  1,017
  1,063
  1,111
  1,161
  1,213
  1,170
  1,227
  1,287
  1,350
  1,415
  1,484
  1,556
  1,631
  1,710
  1,792
  1,879
  1,969
  2,065
  2,164
  2,269
  2,379
  2,494
  2,614
  2,741
  2,874
Issuance/(repayment) of debt, $m
  -566
  -240
  555
  579
  604
  630
  658
  687
  718
  750
  784
  820
  858
  898
  941
  985
  1,032
  1,081
  1,133
  1,187
  1,245
  1,305
  1,368
  1,435
  1,505
  1,579
  1,656
  1,738
  1,823
  1,913
  2,008
Issuance/(repurchase) of shares, $m
  2
  294
  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  
  -616
  54
  555
  579
  604
  630
  658
  687
  718
  750
  784
  820
  858
  898
  941
  985
  1,032
  1,081
  1,133
  1,187
  1,245
  1,305
  1,368
  1,435
  1,505
  1,579
  1,656
  1,738
  1,823
  1,913
  2,008
Total cash flow (excl. dividends), $m
  -158
  842
  1,406
  1,469
  1,534
  1,603
  1,674
  1,750
  1,828
  1,911
  1,998
  1,990
  2,086
  2,185
  2,290
  2,400
  2,516
  2,637
  2,764
  2,897
  3,037
  3,184
  3,338
  3,500
  3,669
  3,848
  4,035
  4,231
  4,438
  4,654
  4,881
Retained Cash Flow (-), $m
  -105
  -831
  -62
  -64
  -67
  -70
  -73
  -76
  -80
  -83
  -87
  -91
  -95
  -100
  -105
  -109
  -115
  -120
  -126
  -132
  -138
  -145
  -152
  -159
  -167
  -175
  -184
  -193
  -203
  -213
  -223
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
 
  11
  1,344
  1,404
  1,467
  1,533
  1,601
  1,673
  1,749
  1,828
  1,910
  1,899
  1,990
  2,086
  2,186
  2,291
  2,401
  2,516
  2,638
  2,765
  2,899
  3,039
  3,186
  3,340
  3,502
  3,672
  3,851
  4,038
  4,235
  4,442
  4,658
Discount rate, %
 
  12.80
  13.44
  14.11
  14.82
  15.56
  16.34
  17.15
  18.01
  18.91
  19.86
  20.85
  21.89
  22.99
  24.14
  25.34
  26.61
  27.94
  29.34
  30.80
  32.34
  33.96
  35.66
  37.44
  39.32
  41.28
  43.35
  45.51
  47.79
  50.18
  52.69
PV of cash for distribution, $m
 
  10
  1,045
  945
  844
  744
  646
  552
  465
  384
  312
  237
  185
  142
  106
  77
  55
  38
  26
  17
  11
  7
  4
  2
  1
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1

Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company's business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company's segments within the Americas Division are Americas Beverage and North America Food. The Company's segments within the European Division are European Beverage and European Food. The Company's Asia Pacific Division segment consists of its beverage and non-beverage can operations. The Company is also engaged in European aerosol and specialty packaging business, its North American aerosol can business, and its tooling and equipment operations in the Unites States and the United Kingdom. As of December 31, 2016, the Company operated 146 plants along with sales and service facilities throughout 36 countries. It also has three canmaking and spare part operations in the United States and the United Kingdom.

FINANCIAL RATIOS  of  Crown Holdings (CCK)

Valuation Ratios
P/E Ratio 16.2
Price to Sales 1
Price to Book 40.3
Price to Tangible Book
Price to Cash Flow 8.6
Price to Free Cash Flow 17.6
Growth Rates
Sales Growth Rate -5.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 33.6%
Cap. Spend. - 3 Yr. Gr. Rate 11.5%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 2659.8%
Total Debt to Equity 2813.6%
Interest Coverage 5
Management Effectiveness
Return On Assets 6.6%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 8.7%
Ret/ On T. Cap. - 3 Yr. Avg. 8.1%
Return On Equity 338.6%
Return On Equity - 3 Yr. Avg. 445.6%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 20.5%
Gross Margin - 3 Yr. Avg. 17.3%
EBITDA Margin 14.9%
EBITDA Margin - 3 Yr. Avg. 12.7%
Operating Margin 11.9%
Oper. Margin - 3 Yr. Avg. 9.3%
Pre-Tax Margin 9.3%
Pre-Tax Margin - 3 Yr. Avg. 7.4%
Net Profit Margin 6%
Net Profit Margin - 3 Yr. Avg. 4.9%
Effective Tax Rate 24.2%
Eff/ Tax Rate - 3 Yr. Avg. 20%
Payout Ratio 0%

CCK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CCK stock intrinsic value calculation we used $8284 million for the last fiscal year's total revenue generated by Crown Holdings. The default revenue input number comes from 2016 income statement of Crown Holdings. 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 CCK stock valuation model: a) initial revenue growth rate of 6.1% 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 12.8%, whose default value for CCK is calculated based on our internal credit rating of Crown Holdings, 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 Crown Holdings.
    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 CCK stock the variable cost ratio is equal to 89.5%.

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 CCK 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 3.9% for Crown Holdings.

Corporate tax rate of 27% is the nominal tax rate for Crown Holdings. 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 CCK 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 CCK are equal to 19.8%.

Life of production assets of 20.1 years is the average useful life of capital assets used in Crown Holdings 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 CCK is equal to 2.8%. 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 - $199 million for Crown Holdings - 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 135.042 million for Crown Holdings 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 Crown Holdings at the current share price and the inputted number of shares is $7.8 billion.

RELATED COMPANIES Price Int.Val. Rating
BLL Ball 38.29 152.04  str.buy
SLGN Silgan Holding 28.72 42.94  str.buy
GEF Greif Cl A 61.42 48.40  hold
BUD Anheuser-Busch 110.50 497.58  str.buy

COMPANY NEWS

▶ Crown meets 3Q profit forecasts   [07:00AM  Associated Press]
▶ Crown Holdings, Inc. Reports Third Quarter 2017 Results   [Oct-18-17 05:02PM  PR Newswire]
▶ Crown tops Street 2Q forecasts   [Jul-19-17 10:14PM  Associated Press]
▶ ETFs with exposure to Crown Holdings, Inc. : May 25, 2017   [May-25-17 12:36PM  Capital Cube]
▶ ETFs with exposure to Crown Holdings, Inc. : May 2, 2017   [May-02-17 03:47PM  Capital Cube]
▶ Crown beats Street 1Q forecasts   [Apr-19-17 05:14PM  Associated Press]
▶ [$$] Ball Corp.: The Can-Do Can Maker   [Mar-11-17 12:36AM  at Barrons.com]
▶ Crown meets 4Q profit forecasts   [Feb-02-17 06:14PM  Associated Press]
▶ Is Crown Holdings, Inc. (CCK) A Good Stock To Buy?   [Dec-01-16 12:19PM  at Insider Monkey]
▶ Legendary Short Seller Jim Chanos Is Bullish On These Equities   [Nov-24-16 09:24PM  at Insider Monkey]
Financial statements of CCK
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.