Intrinsic value of Crown Holdings - CCK

Previous Close

$60.06

  Intrinsic Value

$31.60

stock screener

  Rating & Target

sell

-47%

  Value-price divergence*

+135%

Previous close

$60.06

 
Intrinsic value

$31.60

 
Up/down potential

-47%

 
Rating

sell

 
Value-price divergence*

+135%

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

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 8.1

 

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, %
  -5.46
  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
  8,284
  8,450
  8,644
  8,866
  9,116
  9,392
  9,695
  10,025
  10,383
  10,768
  11,181
  11,623
  12,095
  12,597
  13,131
  13,697
  14,298
  14,933
  15,605
  16,315
  17,065
  17,856
  18,690
  19,569
  20,495
  21,471
  22,498
  23,580
  24,718
  25,915
  27,174
Variable operating expenses, $m
 
  7,555
  7,721
  7,910
  8,122
  8,357
  8,615
  8,896
  9,201
  9,528
  9,880
  9,894
  10,295
  10,723
  11,177
  11,659
  12,170
  12,711
  13,283
  13,888
  14,526
  15,199
  15,909
  16,657
  17,446
  18,277
  19,151
  20,072
  21,040
  22,059
  23,131
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
  7,555
  7,721
  7,910
  8,122
  8,357
  8,615
  8,896
  9,201
  9,528
  9,880
  9,894
  10,295
  10,723
  11,177
  11,659
  12,170
  12,711
  13,283
  13,888
  14,526
  15,199
  15,909
  16,657
  17,446
  18,277
  19,151
  20,072
  21,040
  22,059
  23,131
Operating income, $m
  984
  894
  923
  956
  994
  1,035
  1,080
  1,129
  1,182
  1,239
  1,301
  1,729
  1,800
  1,874
  1,954
  2,038
  2,127
  2,222
  2,322
  2,427
  2,539
  2,657
  2,781
  2,912
  3,049
  3,195
  3,347
  3,508
  3,678
  3,856
  4,043
EBITDA, $m
  1,231
  1,340
  1,371
  1,406
  1,446
  1,490
  1,538
  1,590
  1,647
  1,708
  1,774
  1,844
  1,919
  1,998
  2,083
  2,173
  2,268
  2,369
  2,475
  2,588
  2,707
  2,833
  2,965
  3,104
  3,251
  3,406
  3,569
  3,741
  3,921
  4,111
  4,311
Interest expense (income), $m
  217
  208
  185
  193
  202
  212
  224
  236
  250
  265
  280
  297
  316
  335
  356
  378
  401
  426
  452
  479
  509
  539
  572
  606
  643
  681
  721
  763
  808
  854
  904
Earnings before tax, $m
  769
  686
  738
  763
  791
  822
  856
  893
  932
  975
  1,020
  1,432
  1,484
  1,539
  1,598
  1,660
  1,726
  1,796
  1,870
  1,948
  2,030
  2,117
  2,209
  2,305
  2,407
  2,514
  2,627
  2,745
  2,870
  3,001
  3,139
Tax expense, $m
  186
  185
  199
  206
  214
  222
  231
  241
  252
  263
  276
  387
  401
  416
  431
  448
  466
  485
  505
  526
  548
  572
  596
  622
  650
  679
  709
  741
  775
  810
  848
Net income, $m
  496
  501
  539
  557
  578
  600
  625
  652
  681
  712
  745
  1,045
  1,083
  1,124
  1,167
  1,212
  1,260
  1,311
  1,365
  1,422
  1,482
  1,546
  1,612
  1,683
  1,757
  1,835
  1,917
  2,004
  2,095
  2,191
  2,292

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
  9,906
  10,134
  10,394
  10,686
  11,010
  11,366
  11,753
  12,172
  12,623
  13,108
  13,626
  14,179
  14,768
  15,394
  16,058
  16,762
  17,506
  18,294
  19,127
  20,005
  20,933
  21,911
  22,941
  24,027
  25,171
  26,376
  27,643
  28,977
  30,381
  31,857
Adjusted assets (=assets-cash), $m
  9,713
  9,906
  10,134
  10,394
  10,686
  11,010
  11,366
  11,753
  12,172
  12,623
  13,108
  13,626
  14,179
  14,768
  15,394
  16,058
  16,762
  17,506
  18,294
  19,127
  20,005
  20,933
  21,911
  22,941
  24,027
  25,171
  26,376
  27,643
  28,977
  30,381
  31,857
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
  1,673
  1,712
  1,756
  1,805
  1,860
  1,920
  1,985
  2,056
  2,132
  2,214
  2,301
  2,395
  2,494
  2,600
  2,712
  2,831
  2,957
  3,090
  3,230
  3,379
  3,535
  3,701
  3,875
  4,058
  4,251
  4,455
  4,669
  4,894
  5,131
  5,380
Working capital, $m
  186
  237
  242
  248
  255
  263
  271
  281
  291
  301
  313
  325
  339
  353
  368
  384
  400
  418
  437
  457
  478
  500
  523
  548
  574
  601
  630
  660
  692
  726
  761
Total debt, $m
  5,599
  4,743
  4,948
  5,183
  5,446
  5,737
  6,057
  6,406
  6,783
  7,189
  7,625
  8,092
  8,589
  9,119
  9,682
  10,280
  10,913
  11,584
  12,293
  13,042
  13,833
  14,667
  15,548
  16,475
  17,453
  18,482
  19,566
  20,707
  21,908
  23,171
  24,499
Total liabilities, $m
  9,771
  8,915
  9,120
  9,355
  9,618
  9,909
  10,229
  10,578
  10,955
  11,361
  11,797
  12,264
  12,761
  13,291
  13,854
  14,452
  15,085
  15,756
  16,465
  17,214
  18,005
  18,839
  19,720
  20,647
  21,625
  22,654
  23,738
  24,879
  26,080
  27,343
  28,671
Total equity, $m
  199
  991
  1,013
  1,039
  1,069
  1,101
  1,137
  1,175
  1,217
  1,262
  1,311
  1,363
  1,418
  1,477
  1,539
  1,606
  1,676
  1,751
  1,829
  1,913
  2,001
  2,093
  2,191
  2,294
  2,403
  2,517
  2,638
  2,764
  2,898
  3,038
  3,186
Total liabilities and equity, $m
  9,970
  9,906
  10,133
  10,394
  10,687
  11,010
  11,366
  11,753
  12,172
  12,623
  13,108
  13,627
  14,179
  14,768
  15,393
  16,058
  16,761
  17,507
  18,294
  19,127
  20,006
  20,932
  21,911
  22,941
  24,028
  25,171
  26,376
  27,643
  28,978
  30,381
  31,857
Debt-to-equity ratio
  28.136
  4.790
  4.880
  4.990
  5.100
  5.210
  5.330
  5.450
  5.570
  5.700
  5.820
  5.940
  6.060
  6.170
  6.290
  6.400
  6.510
  6.620
  6.720
  6.820
  6.910
  7.010
  7.100
  7.180
  7.260
  7.340
  7.420
  7.490
  7.560
  7.630
  7.690
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
  501
  539
  557
  578
  600
  625
  652
  681
  712
  745
  1,045
  1,083
  1,124
  1,167
  1,212
  1,260
  1,311
  1,365
  1,422
  1,482
  1,546
  1,612
  1,683
  1,757
  1,835
  1,917
  2,004
  2,095
  2,191
  2,292
Depreciation, amort., depletion, $m
  247
  446
  448
  450
  452
  455
  458
  461
  465
  469
  473
  114
  119
  124
  129
  135
  141
  147
  154
  161
  168
  176
  184
  193
  202
  212
  222
  232
  243
  255
  268
Funds from operations, $m
  1,025
  947
  987
  1,007
  1,030
  1,055
  1,083
  1,113
  1,146
  1,180
  1,218
  1,160
  1,202
  1,248
  1,296
  1,347
  1,401
  1,458
  1,519
  1,583
  1,650
  1,721
  1,796
  1,876
  1,959
  2,047
  2,139
  2,236
  2,339
  2,446
  2,559
Change in working capital, $m
  95
  5
  5
  6
  7
  8
  8
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  34
  35
Cash from operations, $m
  930
  942
  981
  1,001
  1,023
  1,048
  1,075
  1,104
  1,136
  1,170
  1,206
  1,147
  1,189
  1,234
  1,281
  1,331
  1,384
  1,441
  1,500
  1,563
  1,629
  1,699
  1,773
  1,851
  1,933
  2,019
  2,110
  2,206
  2,307
  2,413
  2,524
Maintenance CAPEX, $m
  0
  -81
  -83
  -85
  -87
  -90
  -93
  -96
  -99
  -102
  -106
  -110
  -114
  -119
  -124
  -129
  -135
  -141
  -147
  -154
  -161
  -168
  -176
  -184
  -193
  -202
  -212
  -222
  -232
  -243
  -255
New CAPEX, $m
  -473
  -35
  -38
  -44
  -49
  -55
  -60
  -65
  -71
  -76
  -82
  -88
  -93
  -99
  -106
  -112
  -119
  -126
  -133
  -141
  -148
  -157
  -165
  -174
  -183
  -193
  -203
  -214
  -225
  -237
  -249
Cash from investing activities, $m
  -442
  -116
  -121
  -129
  -136
  -145
  -153
  -161
  -170
  -178
  -188
  -198
  -207
  -218
  -230
  -241
  -254
  -267
  -280
  -295
  -309
  -325
  -341
  -358
  -376
  -395
  -415
  -436
  -457
  -480
  -504
Free cash flow, $m
  488
  826
  860
  872
  887
  903
  922
  943
  966
  991
  1,018
  950
  981
  1,015
  1,051
  1,090
  1,130
  1,174
  1,220
  1,269
  1,320
  1,375
  1,432
  1,493
  1,557
  1,624
  1,695
  1,770
  1,849
  1,932
  2,020
Issuance/(repayment) of debt, $m
  -566
  -599
  205
  234
  263
  292
  320
  348
  377
  406
  436
  466
  498
  530
  563
  598
  633
  670
  709
  749
  791
  835
  880
  928
  977
  1,029
  1,084
  1,141
  1,201
  1,263
  1,328
Issuance/(repurchase) of shares, $m
  2
  291
  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
  -308
  205
  234
  263
  292
  320
  348
  377
  406
  436
  466
  498
  530
  563
  598
  633
  670
  709
  749
  791
  835
  880
  928
  977
  1,029
  1,084
  1,141
  1,201
  1,263
  1,328
Total cash flow (excl. dividends), $m
  -158
  518
  1,065
  1,106
  1,150
  1,195
  1,242
  1,291
  1,343
  1,397
  1,454
  1,416
  1,479
  1,545
  1,614
  1,687
  1,764
  1,844
  1,929
  2,018
  2,111
  2,209
  2,312
  2,420
  2,534
  2,654
  2,779
  2,911
  3,050
  3,195
  3,348
Retained Cash Flow (-), $m
  -105
  -792
  -23
  -26
  -29
  -32
  -36
  -39
  -42
  -45
  -48
  -52
  -55
  -59
  -63
  -66
  -70
  -74
  -79
  -83
  -88
  -93
  -98
  -103
  -109
  -114
  -120
  -127
  -133
  -140
  -148
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
 
  -274
  1,042
  1,080
  1,120
  1,162
  1,206
  1,253
  1,301
  1,352
  1,406
  1,364
  1,424
  1,486
  1,552
  1,621
  1,693
  1,770
  1,850
  1,934
  2,023
  2,116
  2,214
  2,317
  2,426
  2,539
  2,659
  2,784
  2,916
  3,055
  3,200
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
 
  -243
  810
  727
  645
  564
  487
  414
  346
  284
  230
  170
  132
  101
  75
  55
  39
  27
  18
  12
  7
  5
  3
  2
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3
  87.3

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 16.9
Price to Sales 1
Price to Book 42.2
Price to Tangible Book
Price to Cash Flow 9
Price to Free Cash Flow 18.4
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 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 12.8%, 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 135.561 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 $8.1 billion.

RELATED COMPANIES Price Int.Val. Rating
BLL Ball 42.19 150.40  str.buy
SLGN Silgan Holding 28.67 43.02  buy
GEF Greif Cl A 56.91 36.23  sell
BUD Anheuser-Busch 125.72 497.63  str.buy

COMPANY NEWS

▶ 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.