Intrinsic value of Central Garden&Pet Cl A - CENTA

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$36.05

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$36.05

 
Intrinsic value

$73.74

 
Up/down potential

+105%

 
Rating

str. buy

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

We calculate the intrinsic value of CENTA 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
  16.70
  15.53
  14.48
  13.53
  12.68
  11.91
  11.22
  10.60
  10.04
  9.53
  9.08
  8.67
  8.30
  7.97
  7.68
  7.41
  7.17
  6.95
  6.76
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.76
  5.68
  5.61
  5.55
Revenue, $m
  1,829
  2,134
  2,466
  2,823
  3,205
  3,611
  4,041
  4,494
  4,971
  5,470
  5,991
  6,535
  7,102
  7,691
  8,305
  8,942
  9,605
  10,293
  11,009
  11,752
  12,526
  13,330
  14,167
  15,039
  15,947
  16,893
  17,880
  18,909
  19,983
  21,104
  22,276
Variable operating expenses, $m
 
  1,687
  1,945
  2,223
  2,521
  2,837
  3,173
  3,526
  3,897
  4,286
  4,692
  5,093
  5,535
  5,994
  6,472
  6,969
  7,486
  8,022
  8,580
  9,159
  9,762
  10,389
  11,042
  11,721
  12,429
  13,166
  13,935
  14,737
  15,574
  16,448
  17,361
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
  1,950
  2,215
  2,500
  2,805
  3,128
  3,471
  3,831
  4,210
  4,607
  5,021
  5,430
  5,881
  6,348
  6,835
  7,341
  7,868
  8,413
  8,981
  9,570
  10,183
  10,821
  11,484
  12,175
  12,894
  13,642
  14,423
  15,238
  16,087
  16,974
  17,900
Operating income, $m
  129
  184
  251
  323
  400
  483
  570
  663
  760
  863
  970
  1,105
  1,221
  1,343
  1,469
  1,601
  1,738
  1,880
  2,028
  2,182
  2,342
  2,509
  2,683
  2,865
  3,054
  3,251
  3,456
  3,671
  3,896
  4,130
  4,376
EBITDA, $m
  169
  228
  297
  373
  453
  540
  631
  728
  830
  937
  1,049
  1,166
  1,288
  1,415
  1,547
  1,685
  1,828
  1,976
  2,131
  2,292
  2,460
  2,634
  2,816
  3,006
  3,203
  3,409
  3,624
  3,849
  4,083
  4,328
  4,584
Interest expense (income), $m
  33
  33
  42
  52
  63
  74
  86
  99
  113
  127
  142
  157
  174
  191
  208
  227
  246
  265
  286
  307
  330
  353
  377
  402
  428
  455
  484
  513
  544
  576
  610
Earnings before tax, $m
  70
  152
  209
  271
  338
  409
  484
  564
  648
  736
  828
  947
  1,048
  1,152
  1,261
  1,374
  1,492
  1,614
  1,742
  1,875
  2,013
  2,157
  2,306
  2,463
  2,625
  2,795
  2,973
  3,158
  3,352
  3,554
  3,766
Tax expense, $m
  24
  41
  56
  73
  91
  110
  131
  152
  175
  199
  224
  256
  283
  311
  340
  371
  403
  436
  470
  506
  543
  582
  623
  665
  709
  755
  803
  853
  905
  960
  1,017
Net income, $m
  45
  111
  153
  198
  247
  298
  354
  412
  473
  537
  604
  692
  765
  841
  920
  1,003
  1,089
  1,179
  1,272
  1,368
  1,469
  1,574
  1,684
  1,798
  1,917
  2,041
  2,170
  2,306
  2,447
  2,595
  2,749

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
  1,306
  1,509
  1,728
  1,961
  2,210
  2,473
  2,751
  3,042
  3,347
  3,666
  3,999
  4,346
  4,707
  5,082
  5,473
  5,878
  6,299
  6,737
  7,192
  7,666
  8,158
  8,670
  9,204
  9,759
  10,338
  10,942
  11,572
  12,229
  12,916
  13,633
Adjusted assets (=assets-cash), $m
  1,119
  1,306
  1,509
  1,728
  1,961
  2,210
  2,473
  2,751
  3,042
  3,347
  3,666
  3,999
  4,346
  4,707
  5,082
  5,473
  5,878
  6,299
  6,737
  7,192
  7,666
  8,158
  8,670
  9,204
  9,759
  10,338
  10,942
  11,572
  12,229
  12,916
  13,633
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
  192
  222
  254
  288
  325
  364
  405
  447
  492
  539
  588
  639
  692
  747
  805
  864
  926
  991
  1,058
  1,127
  1,200
  1,275
  1,354
  1,435
  1,520
  1,609
  1,702
  1,798
  1,899
  2,005
Working capital, $m
  513
  491
  567
  649
  737
  831
  929
  1,034
  1,143
  1,258
  1,378
  1,503
  1,633
  1,769
  1,910
  2,057
  2,209
  2,367
  2,532
  2,703
  2,881
  3,066
  3,259
  3,459
  3,668
  3,885
  4,112
  4,349
  4,596
  4,854
  5,123
Total debt, $m
  395
  505
  625
  754
  891
  1,038
  1,193
  1,356
  1,528
  1,708
  1,896
  2,092
  2,296
  2,508
  2,730
  2,959
  3,198
  3,446
  3,704
  3,972
  4,251
  4,541
  4,843
  5,157
  5,484
  5,825
  6,181
  6,552
  6,939
  7,343
  7,766
Total liabilities, $m
  659
  769
  889
  1,018
  1,155
  1,302
  1,457
  1,620
  1,792
  1,972
  2,160
  2,356
  2,560
  2,772
  2,994
  3,223
  3,462
  3,710
  3,968
  4,236
  4,515
  4,805
  5,107
  5,421
  5,748
  6,089
  6,445
  6,816
  7,203
  7,607
  8,030
Total equity, $m
  553
  537
  620
  710
  806
  908
  1,016
  1,130
  1,250
  1,376
  1,507
  1,644
  1,786
  1,935
  2,089
  2,249
  2,416
  2,589
  2,769
  2,956
  3,151
  3,353
  3,564
  3,783
  4,011
  4,249
  4,497
  4,756
  5,026
  5,308
  5,603
Total liabilities and equity, $m
  1,212
  1,306
  1,509
  1,728
  1,961
  2,210
  2,473
  2,750
  3,042
  3,348
  3,667
  4,000
  4,346
  4,707
  5,083
  5,472
  5,878
  6,299
  6,737
  7,192
  7,666
  8,158
  8,671
  9,204
  9,759
  10,338
  10,942
  11,572
  12,229
  12,915
  13,633
Debt-to-equity ratio
  0.714
  0.940
  1.010
  1.060
  1.110
  1.140
  1.170
  1.200
  1.220
  1.240
  1.260
  1.270
  1.290
  1.300
  1.310
  1.320
  1.320
  1.330
  1.340
  1.340
  1.350
  1.350
  1.360
  1.360
  1.370
  1.370
  1.370
  1.380
  1.380
  1.380
  1.390
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
  111
  153
  198
  247
  298
  354
  412
  473
  537
  604
  692
  765
  841
  920
  1,003
  1,089
  1,179
  1,272
  1,368
  1,469
  1,574
  1,684
  1,798
  1,917
  2,041
  2,170
  2,306
  2,447
  2,595
  2,749
Depreciation, amort., depletion, $m
  40
  43
  46
  50
  53
  57
  61
  65
  70
  74
  79
  61
  67
  72
  78
  84
  90
  96
  103
  110
  117
  125
  133
  141
  150
  158
  168
  177
  187
  198
  209
Funds from operations, $m
  188
  154
  199
  247
  300
  355
  415
  477
  543
  612
  684
  753
  831
  913
  998
  1,087
  1,179
  1,275
  1,375
  1,479
  1,587
  1,699
  1,816
  1,939
  2,066
  2,199
  2,338
  2,483
  2,634
  2,793
  2,958
Change in working capital, $m
  37
  70
  76
  82
  88
  93
  99
  104
  110
  115
  120
  125
  130
  136
  141
  147
  152
  158
  165
  171
  178
  185
  193
  200
  209
  218
  227
  237
  247
  258
  269
Cash from operations, $m
  151
  173
  123
  165
  212
  262
  316
  373
  433
  497
  564
  628
  701
  778
  857
  940
  1,027
  1,117
  1,210
  1,308
  1,409
  1,514
  1,624
  1,738
  1,857
  1,981
  2,111
  2,246
  2,387
  2,535
  2,689
Maintenance CAPEX, $m
  0
  -17
  -20
  -23
  -26
  -30
  -34
  -38
  -42
  -47
  -51
  -56
  -61
  -67
  -72
  -78
  -84
  -90
  -96
  -103
  -110
  -117
  -125
  -133
  -141
  -150
  -158
  -168
  -177
  -187
  -198
New CAPEX, $m
  -28
  -28
  -30
  -32
  -34
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -62
  -64
  -67
  -70
  -72
  -75
  -78
  -82
  -85
  -89
  -93
  -97
  -101
  -105
Cash from investing activities, $m
  -91
  -45
  -50
  -55
  -60
  -67
  -73
  -79
  -85
  -92
  -98
  -105
  -112
  -120
  -127
  -135
  -144
  -152
  -160
  -170
  -180
  -189
  -200
  -211
  -223
  -235
  -247
  -261
  -274
  -288
  -303
Free cash flow, $m
  60
  128
  73
  110
  151
  195
  243
  294
  348
  405
  466
  523
  589
  658
  730
  805
  883
  965
  1,049
  1,137
  1,229
  1,324
  1,424
  1,527
  1,635
  1,747
  1,864
  1,986
  2,113
  2,246
  2,385
Issuance/(repayment) of debt, $m
  0
  110
  119
  129
  138
  146
  155
  163
  172
  180
  188
  196
  204
  213
  221
  230
  239
  248
  258
  268
  279
  290
  302
  314
  327
  341
  356
  371
  387
  404
  422
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
  110
  119
  129
  138
  146
  155
  163
  172
  180
  188
  196
  204
  213
  221
  230
  239
  248
  258
  268
  279
  290
  302
  314
  327
  341
  356
  371
  387
  404
  422
Total cash flow (excl. dividends), $m
  45
  239
  192
  239
  289
  342
  398
  457
  520
  585
  654
  719
  793
  870
  951
  1,035
  1,122
  1,213
  1,307
  1,406
  1,508
  1,614
  1,725
  1,841
  1,962
  2,088
  2,219
  2,357
  2,500
  2,651
  2,808
Retained Cash Flow (-), $m
  -48
  -77
  -83
  -90
  -96
  -102
  -108
  -114
  -120
  -125
  -131
  -137
  -143
  -148
  -154
  -160
  -167
  -173
  -180
  -187
  -195
  -202
  -211
  -219
  -228
  -238
  -248
  -259
  -270
  -282
  -295
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
 
  255
  109
  149
  193
  240
  290
  343
  400
  460
  522
  582
  650
  722
  797
  875
  955
  1,040
  1,127
  1,218
  1,313
  1,412
  1,515
  1,622
  1,733
  1,850
  1,971
  2,098
  2,230
  2,369
  2,513
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
 
  241
  97
  124
  150
  172
  192
  207
  218
  225
  227
  223
  217
  208
  195
  181
  164
  146
  128
  110
  93
  77
  62
  50
  38
  29
  22
  16
  11
  7
  5
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, together with its subsidiaries, produces and markets products for the pet, and lawn and garden supplies industries in the United States. It operates through two segments, Pet and Garden. The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets. It also offers animal and household health, and insect control products; aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food and supplements, and information and knowledge resources for fish, reptiles, and other aquarium-based pets; and products for horses and livestock. This segment sells its products to independent pet distributors, retail chains, grocery stores, mass merchants, and bookstores under the Adams, Aqueon, Avoderm, Bio Spot Active Care, Cadet, Farnam, Four Paws, Kaytee, Nylabone, Pinnacle, TFH, Zilla, Altosid, Comfort Zone, Coralife, Interpet, Kent Marine, Pet Select, Super Pet, and Zodiac brands. The Garden segment provides grass seeds; wild bird feed, bird feeders, insect control products, bird houses, and other birding accessories; weed, grass, ant and other herbicide, insecticide, and pesticide products; and decorative outdoor lifestyle products, such as pottery, trellises, and other wood products. This segment sells its products to retail chains, independent garden distributors, grocery stores, nurseries, and garden supply retailers under the AMDRO, Ironite, Pennington, Sevin, Lilly Miller, Over-N-Out, Smart Seed, and The Rebels brands. The company is also involved in the distribution of third party pet, and lawn and garden products. Central Garden & Pet Company was founded in 1955 and is based in Walnut Creek, California.

FINANCIAL RATIOS  of  Central Garden&Pet Cl A (CENTA)

Valuation Ratios
P/E Ratio 40.9
Price to Sales 1
Price to Book 3.3
Price to Tangible Book
Price to Cash Flow 12.2
Price to Free Cash Flow 15
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%

CENTA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CENTA stock intrinsic value calculation we used $1829 million for the last fiscal year's total revenue generated by Central Garden&Pet Cl A. The default revenue input number comes from 2016 income statement of Central Garden&Pet Cl A. 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 CENTA stock valuation model: a) initial revenue growth rate of 16.7% 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 CENTA is calculated based on our internal credit rating of Central Garden&Pet Cl A, 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 Cl A.
    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 CENTA 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 CENTA 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 Cl A.

Corporate tax rate of 27% is the nominal tax rate for Central Garden&Pet Cl A. 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 CENTA 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 CENTA 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 Cl A 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 CENTA 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 Cl A - 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 52.131 million for Central Garden&Pet Cl A 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 Cl A at the current share price and the inputted number of shares is $1.9 billion.


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COMPANY NEWS

▶ Home Depot Joins Elite List Of Stocks With 95-Plus Composite Rating   [Apr-03-17 11:05AM  Investor's Business Daily]
▶ Central Garden & Pet Announces Vendor Awards for 2016   [Aug-23-16 03:01PM  Business Wire]
▶ Record Heat Projected for 2016 Triggers Pet Safety Concerns   [Jun-30-16 12:00PM  Business Wire]
▶ Frank Palantoni joins Laboratoire M2 as CEO   [Jun-22-16 10:00AM  GlobeNewswire]
▶ Central Garden & Pet Announces Vendor Awards for 2015   [Aug-25  03:00PM  Business Wire]
▶ 10-Q for Central Garden & Pet Co.   [Aug-07  08:12PM  at Company Spotlight]
▶ 10-Q for Central Garden & Pet Co.   [May-10  08:11PM  at Company Spotlight]
▶ 10-Q for Central Garden & Pet Co.   [Feb-07  07:07PM  at Company Spotlight]
▶ S&P U.S. Indices Methodology Update   [Jan-21  05:58PM  PR Newswire]
▶ 10-K for Central Garden & Pet Co.   [Dec-13  07:07PM  Company Spotlight]
Stock chart of CENTA Financial statements of CENTA
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.

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