Intrinsic value of Central Garden&Pet - CENT

Previous Close

$38.39

  Intrinsic Value

$51.70

stock screener

  Rating & Target

buy

+35%

Previous close

$38.39

 
Intrinsic value

$51.70

 
Up/down potential

+35%

 
Rating

buy

We calculate the intrinsic value of CENT 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 1.9

 

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, %
  10.78
  11.70
  11.03
  10.43
  9.88
  9.40
  8.96
  8.56
  8.20
  7.88
  7.60
  7.34
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.91
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
Revenue, $m
  1,829
  2,043
  2,268
  2,505
  2,752
  3,011
  3,281
  3,562
  3,854
  4,158
  4,473
  4,802
  5,143
  5,497
  5,866
  6,249
  6,647
  7,062
  7,494
  7,944
  8,414
  8,903
  9,413
  9,946
  10,502
  11,084
  11,691
  12,326
  12,990
  13,686
  14,413
Variable operating expenses, $m
 
  1,615
  1,791
  1,975
  2,168
  2,370
  2,580
  2,799
  3,027
  3,263
  3,510
  3,742
  4,008
  4,284
  4,571
  4,870
  5,181
  5,504
  5,841
  6,192
  6,557
  6,939
  7,336
  7,752
  8,185
  8,638
  9,112
  9,607
  10,124
  10,666
  11,233
Fixed operating expenses, $m
 
  263
  270
  277
  284
  291
  298
  305
  313
  321
  329
  337
  346
  354
  363
  372
  382
  391
  401
  411
  421
  432
  442
  454
  465
  476
  488
  501
  513
  526
  539
Total operating expenses, $m
  1,700
  1,878
  2,061
  2,252
  2,452
  2,661
  2,878
  3,104
  3,340
  3,584
  3,839
  4,079
  4,354
  4,638
  4,934
  5,242
  5,563
  5,895
  6,242
  6,603
  6,978
  7,371
  7,778
  8,206
  8,650
  9,114
  9,600
  10,108
  10,637
  11,192
  11,772
Operating income, $m
  129
  164
  207
  253
  300
  350
  403
  457
  514
  573
  635
  722
  789
  859
  931
  1,006
  1,085
  1,167
  1,253
  1,342
  1,435
  1,533
  1,634
  1,741
  1,852
  1,969
  2,091
  2,219
  2,353
  2,494
  2,641
EBITDA, $m
  169
  206
  252
  299
  349
  402
  457
  514
  573
  635
  700
  767
  837
  910
  986
  1,065
  1,147
  1,233
  1,323
  1,416
  1,514
  1,616
  1,723
  1,834
  1,951
  2,073
  2,201
  2,334
  2,475
  2,622
  2,776
Interest expense (income), $m
  33
  33
  39
  46
  53
  60
  68
  76
  85
  93
  102
  112
  122
  132
  143
  154
  165
  177
  189
  202
  216
  230
  244
  260
  276
  292
  310
  328
  347
  367
  388
Earnings before tax, $m
  70
  131
  168
  207
  247
  290
  335
  381
  429
  480
  532
  610
  667
  727
  788
  853
  920
  990
  1,063
  1,140
  1,219
  1,303
  1,390
  1,481
  1,577
  1,677
  1,781
  1,891
  2,006
  2,127
  2,253
Tax expense, $m
  24
  35
  45
  56
  67
  78
  90
  103
  116
  130
  144
  165
  180
  196
  213
  230
  248
  267
  287
  308
  329
  352
  375
  400
  426
  453
  481
  511
  542
  574
  608
Net income, $m
  45
  96
  123
  151
  181
  212
  244
  278
  313
  350
  389
  445
  487
  530
  576
  623
  672
  723
  776
  832
  890
  951
  1,015
  1,081
  1,151
  1,224
  1,300
  1,380
  1,464
  1,553
  1,645

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  93
  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
  1,212
  1,250
  1,388
  1,533
  1,684
  1,843
  2,008
  2,180
  2,359
  2,544
  2,738
  2,939
  3,147
  3,364
  3,590
  3,824
  4,068
  4,322
  4,586
  4,862
  5,149
  5,448
  5,761
  6,087
  6,427
  6,783
  7,155
  7,544
  7,950
  8,375
  8,821
Adjusted assets (=assets-cash), $m
  1,119
  1,250
  1,388
  1,533
  1,684
  1,843
  2,008
  2,180
  2,359
  2,544
  2,738
  2,939
  3,147
  3,364
  3,590
  3,824
  4,068
  4,322
  4,586
  4,862
  5,149
  5,448
  5,761
  6,087
  6,427
  6,783
  7,155
  7,544
  7,950
  8,375
  8,821
Revenue / Adjusted assets
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
  1.634
Average production assets, $m
  165
  184
  204
  225
  248
  271
  295
  321
  347
  374
  403
  432
  463
  495
  528
  562
  598
  636
  674
  715
  757
  801
  847
  895
  945
  998
  1,052
  1,109
  1,169
  1,232
  1,297
Working capital, $m
  513
  470
  522
  576
  633
  693
  755
  819
  886
  956
  1,029
  1,104
  1,183
  1,264
  1,349
  1,437
  1,529
  1,624
  1,724
  1,827
  1,935
  2,048
  2,165
  2,288
  2,416
  2,549
  2,689
  2,835
  2,988
  3,148
  3,315
Total debt, $m
  395
  472
  554
  639
  728
  821
  919
  1,020
  1,125
  1,235
  1,349
  1,467
  1,590
  1,718
  1,850
  1,988
  2,132
  2,282
  2,437
  2,600
  2,769
  2,945
  3,129
  3,321
  3,522
  3,731
  3,950
  4,179
  4,419
  4,669
  4,931
Total liabilities, $m
  659
  736
  818
  903
  992
  1,085
  1,183
  1,284
  1,389
  1,499
  1,613
  1,731
  1,854
  1,982
  2,114
  2,252
  2,396
  2,546
  2,701
  2,864
  3,033
  3,209
  3,393
  3,585
  3,786
  3,995
  4,214
  4,443
  4,683
  4,933
  5,195
Total equity, $m
  553
  514
  571
  630
  692
  757
  825
  896
  969
  1,046
  1,125
  1,208
  1,294
  1,383
  1,475
  1,572
  1,672
  1,776
  1,885
  1,998
  2,116
  2,239
  2,368
  2,502
  2,642
  2,788
  2,941
  3,100
  3,267
  3,442
  3,625
Total liabilities and equity, $m
  1,212
  1,250
  1,389
  1,533
  1,684
  1,842
  2,008
  2,180
  2,358
  2,545
  2,738
  2,939
  3,148
  3,365
  3,589
  3,824
  4,068
  4,322
  4,586
  4,862
  5,149
  5,448
  5,761
  6,087
  6,428
  6,783
  7,155
  7,543
  7,950
  8,375
  8,820
Debt-to-equity ratio
  0.714
  0.920
  0.970
  1.010
  1.050
  1.080
  1.110
  1.140
  1.160
  1.180
  1.200
  1.210
  1.230
  1.240
  1.250
  1.270
  1.280
  1.280
  1.290
  1.300
  1.310
  1.320
  1.320
  1.330
  1.330
  1.340
  1.340
  1.350
  1.350
  1.360
  1.360
Adjusted equity ratio
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411
  0.411

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  45
  96
  123
  151
  181
  212
  244
  278
  313
  350
  389
  445
  487
  530
  576
  623
  672
  723
  776
  832
  890
  951
  1,015
  1,081
  1,151
  1,224
  1,300
  1,380
  1,464
  1,553
  1,645
Depreciation, amort., depletion, $m
  40
  42
  44
  47
  49
  51
  54
  56
  59
  62
  65
  45
  48
  52
  55
  59
  62
  66
  70
  74
  79
  83
  88
  93
  98
  104
  110
  116
  122
  128
  135
Funds from operations, $m
  188
  138
  167
  198
  230
  263
  298
  335
  373
  412
  454
  490
  535
  582
  631
  681
  734
  789
  846
  906
  969
  1,034
  1,103
  1,174
  1,249
  1,328
  1,410
  1,496
  1,586
  1,681
  1,780
Change in working capital, $m
  37
  49
  52
  54
  57
  59
  62
  65
  67
  70
  73
  75
  78
  82
  85
  88
  92
  95
  99
  104
  108
  113
  117
  123
  128
  134
  140
  146
  153
  160
  167
Cash from operations, $m
  151
  89
  115
  143
  173
  204
  236
  270
  305
  342
  381
  415
  457
  500
  546
  593
  642
  694
  747
  803
  861
  922
  986
  1,052
  1,121
  1,194
  1,270
  1,350
  1,433
  1,521
  1,613
Maintenance CAPEX, $m
  0
  -17
  -19
  -21
  -23
  -26
  -28
  -31
  -33
  -36
  -39
  -42
  -45
  -48
  -52
  -55
  -59
  -62
  -66
  -70
  -74
  -79
  -83
  -88
  -93
  -98
  -104
  -110
  -116
  -122
  -128
New CAPEX, $m
  -28
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -30
  -31
  -32
  -33
  -34
  -36
  -37
  -39
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -65
Cash from investing activities, $m
  -91
  -36
  -39
  -42
  -45
  -49
  -52
  -56
  -59
  -63
  -67
  -72
  -76
  -80
  -85
  -89
  -95
  -99
  -105
  -111
  -116
  -123
  -129
  -136
  -143
  -150
  -159
  -167
  -176
  -185
  -193
Free cash flow, $m
  60
  52
  76
  101
  127
  154
  184
  214
  246
  279
  314
  344
  381
  420
  461
  504
  548
  594
  642
  692
  744
  799
  856
  916
  978
  1,043
  1,112
  1,183
  1,258
  1,337
  1,419
Issuance/(repayment) of debt, $m
  0
  77
  81
  85
  89
  93
  97
  101
  105
  110
  114
  118
  123
  128
  133
  138
  144
  150
  156
  162
  169
  176
  184
  192
  201
  210
  219
  229
  239
  251
  262
Issuance/(repurchase) of shares, $m
  -11
  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  
  -14
  77
  81
  85
  89
  93
  97
  101
  105
  110
  114
  118
  123
  128
  133
  138
  144
  150
  156
  162
  169
  176
  184
  192
  201
  210
  219
  229
  239
  251
  262
Total cash flow (excl. dividends), $m
  45
  130
  157
  186
  216
  248
  281
  315
  351
  389
  428
  462
  504
  548
  594
  642
  692
  743
  798
  854
  914
  975
  1,040
  1,108
  1,179
  1,253
  1,331
  1,412
  1,498
  1,587
  1,681
Retained Cash Flow (-), $m
  -48
  -54
  -57
  -59
  -62
  -65
  -68
  -71
  -74
  -76
  -79
  -83
  -86
  -89
  -93
  -96
  -100
  -104
  -109
  -113
  -118
  -123
  -128
  -134
  -140
  -146
  -153
  -160
  -167
  -175
  -183
Prev. year cash balance distribution, $m
 
  93
  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
 
  169
  100
  126
  154
  183
  213
  245
  278
  312
  348
  379
  418
  459
  501
  545
  591
  639
  689
  741
  796
  852
  912
  974
  1,039
  1,107
  1,178
  1,252
  1,330
  1,412
  1,498
Discount rate, %
 
  5.60
  5.88
  6.17
  6.48
  6.81
  7.15
  7.50
  7.88
  8.27
  8.69
  9.12
  9.58
  10.06
  10.56
  11.09
  11.64
  12.22
  12.84
  13.48
  14.15
  14.86
  15.60
  16.38
  17.20
  18.06
  18.96
  19.91
  20.91
  21.95
  23.05
PV of cash for distribution, $m
 
  160
  90
  106
  120
  131
  141
  147
  151
  153
  151
  145
  140
  132
  123
  113
  102
  90
  78
  67
  56
  46
  38
  30
  23
  17
  13
  9
  7
  4
  3
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

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States. In addition, its Pet segment operates sales and logistics networks in the industry strategically supporting its brands. Its principal pet supplies categories are dog and cat, aquatics, bird and small animal, wild bird feed and animal health products. The Company markets and produces various brands, including Pennington, The Rebels, AMDRO, Lilly Miller, Ironite, Sevin, and Over-N-Out. Its Garden segment operates a sales and logistics network that strategically supports its brands. The Company's principal lawn and garden product lines include grass seed, wild bird feed and insect control products.

FINANCIAL RATIOS  of  Central Garden&Pet (CENT)

Valuation Ratios
P/E Ratio 43.6
Price to Sales 1.1
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 13
Price to Free Cash Flow 15.9
Growth Rates
Sales Growth Rate 10.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 27.3%
Cap. Spend. - 3 Yr. Gr. Rate 2.3%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 71.4%
Total Debt to Equity 71.4%
Interest Coverage 3
Management Effectiveness
Return On Assets 5.7%
Ret/ On Assets - 3 Yr. Avg. 4.7%
Return On Total Capital 4.9%
Ret/ On T. Cap. - 3 Yr. Avg. 3.1%
Return On Equity 8.5%
Return On Equity - 3 Yr. Avg. 5.6%
Asset Turnover 1.6
Profitability Ratios
Gross Margin 30.2%
Gross Margin - 3 Yr. Avg. 29.4%
EBITDA Margin 7.8%
EBITDA Margin - 3 Yr. Avg. 7.1%
Operating Margin 7.1%
Oper. Margin - 3 Yr. Avg. 5.4%
Pre-Tax Margin 3.8%
Pre-Tax Margin - 3 Yr. Avg. 2.6%
Net Profit Margin 2.5%
Net Profit Margin - 3 Yr. Avg. 1.7%
Effective Tax Rate 34.3%
Eff/ Tax Rate - 3 Yr. Avg. 33.1%
Payout Ratio 0%

CENT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CENT stock intrinsic value calculation we used $1829 million for the last fiscal year's total revenue generated by Central Garden&Pet. The default revenue input number comes from 2016 income statement of Central Garden&Pet. 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 CENT stock valuation model: a) initial revenue growth rate of 11.7% 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 5.6%, whose default value for CENT is calculated based on our internal credit rating of Central Garden&Pet, 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 Central Garden&Pet.
    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 CENT stock the variable cost ratio is equal to 79.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $257 million in the base year in the intrinsic value calculation for CENT 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 8.3% for Central Garden&Pet.

Corporate tax rate of 27% is the nominal tax rate for Central Garden&Pet. 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 CENT 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 CENT are equal to 9%.

Life of production assets of 9.6 years is the average useful life of capital assets used in Central Garden&Pet 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 CENT is equal to 23%. 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 - $553 million for Central Garden&Pet - 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 50.104 million for Central Garden&Pet 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 Central Garden&Pet at the current share price and the inputted number of shares is $1.9 billion.

RELATED COMPANIES Price Int.Val. Rating
FRPT Freshpet 17.75 0.78  str.sell
ODC Oil-Dri of Ame 44.49 17.51  str.sell
SMG Scotts Miracle 97.06 38.09  str.sell
SPB Spectrum Brand 114.28 74.58  sell
HRG HRG Group 16.85 1.96  str.sell
HD Home Depot 172.06 104.26  sell
LOW Lowe's 79.56 69.67  hold

COMPANY NEWS

▶ Scotts Miracle-Gros Valuation Could Rise before Its Earnings   [Oct-26-17 10:37AM  Market Realist]
▶ What to Expect from Scotts Miracle-Gros 4Q17 Earnings   [Oct-25-17 11:45AM  Market Realist]
▶ Nylabone Launches New, Enhanced Website   [Oct-24-17 12:08PM  Business Wire]
▶ Nylabone Launches New Limited Ingredients Dental Treat   [Oct-19-17 03:00PM  Business Wire]
▶ Stocks Generating Improved Relative Strength: Beacon Roofing Supply   [Oct-05-17 03:00AM  Investor's Business Daily]
▶ Stocks Showing Rising Market Leadership: GMS Earns 82 RS Rating   [Sep-21-17 03:00AM  Investor's Business Daily]
▶ Central Garden & Pet Fall Conference Schedule   [Sep-08-17 12:35PM  Business Wire]
▶ Central Garden & Pet Announces Vendor Awards for 2017   [Aug-29-17 02:30PM  Business Wire]
▶ Scotts Miracle-Grow Announced a Higher Dividend   [Aug-11-17 07:36AM  Market Realist]
▶ Central Garden tops Street 3Q forecasts   [Aug-02-17 10:53PM  Associated Press]
▶ Scotts Miracle-Gro: Analysts Sales Expectations in 3Q17   [Jul-28-17 03:06PM  Market Realist]
▶ Central Garden & Pet Announces Executive Appointment   [May-22-17 09:00AM  Business Wire]
▶ Central Garden tops Street 2Q forecasts   [May-03-17 05:16PM  Associated Press]
▶ [$$] Central Garden & Pet Buys K&H Manufacturing   [May-01-17 01:21PM  The Wall Street Journal]
▶ 3 Stocks That Could Have Doubled Your Money   [Apr-27-17 12:12PM  Motley Fool]
▶ 4 Great Stocks to Buy as Retail Sales Surge   [Feb-16-17 04:49PM  Zacks]
Financial statements of CENT
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.