Intrinsic value of Check Point Software Technologies - CHKP

Previous Close

$113.51

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$113.51

 
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 CHKP 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 19.8

 

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, %
  6.81
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.20
  5.18
  5.16
  5.14
  5.13
  5.12
  5.10
  5.09
  5.08
  5.08
  5.07
  5.06
Revenue, $m
  1,741
  1,851
  1,965
  2,084
  2,208
  2,337
  2,472
  2,612
  2,759
  2,913
  3,073
  3,241
  3,416
  3,599
  3,791
  3,992
  4,202
  4,422
  4,653
  4,895
  5,148
  5,414
  5,692
  5,984
  6,290
  6,611
  6,948
  7,301
  7,672
  8,060
  8,468
Variable operating expenses, $m
 
  898
  953
  1,011
  1,071
  1,133
  1,199
  1,267
  1,338
  1,413
  1,490
  1,572
  1,657
  1,746
  1,839
  1,936
  2,038
  2,145
  2,257
  2,374
  2,497
  2,626
  2,761
  2,902
  3,051
  3,206
  3,370
  3,541
  3,721
  3,909
  4,107
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
  889
  898
  953
  1,011
  1,071
  1,133
  1,199
  1,267
  1,338
  1,413
  1,490
  1,572
  1,657
  1,746
  1,839
  1,936
  2,038
  2,145
  2,257
  2,374
  2,497
  2,626
  2,761
  2,902
  3,051
  3,206
  3,370
  3,541
  3,721
  3,909
  4,107
Operating income, $m
  852
  953
  1,012
  1,073
  1,137
  1,204
  1,273
  1,345
  1,421
  1,500
  1,583
  1,669
  1,759
  1,854
  1,952
  2,056
  2,164
  2,277
  2,396
  2,521
  2,651
  2,788
  2,931
  3,082
  3,239
  3,405
  3,578
  3,760
  3,951
  4,151
  4,361
EBITDA, $m
  867
  969
  1,029
  1,091
  1,156
  1,224
  1,294
  1,368
  1,445
  1,525
  1,609
  1,697
  1,789
  1,885
  1,985
  2,091
  2,201
  2,316
  2,437
  2,563
  2,696
  2,835
  2,981
  3,134
  3,294
  3,462
  3,639
  3,824
  4,018
  4,221
  4,435
Interest expense (income), $m
  0
  0
  4
  8
  12
  16
  21
  25
  30
  35
  41
  46
  52
  58
  64
  71
  78
  85
  93
  101
  109
  118
  127
  137
  147
  158
  169
  181
  193
  206
  219
Earnings before tax, $m
  897
  953
  1,008
  1,065
  1,125
  1,187
  1,252
  1,320
  1,391
  1,465
  1,542
  1,623
  1,707
  1,796
  1,888
  1,985
  2,086
  2,192
  2,303
  2,420
  2,542
  2,670
  2,804
  2,945
  3,092
  3,247
  3,409
  3,579
  3,758
  3,945
  4,142
Tax expense, $m
  172
  257
  272
  288
  304
  321
  338
  356
  376
  395
  416
  438
  461
  485
  510
  536
  563
  592
  622
  653
  686
  721
  757
  795
  835
  877
  920
  966
  1,015
  1,065
  1,118
Net income, $m
  725
  696
  736
  778
  821
  867
  914
  964
  1,015
  1,069
  1,126
  1,185
  1,246
  1,311
  1,378
  1,449
  1,523
  1,600
  1,681
  1,766
  1,856
  1,949
  2,047
  2,150
  2,257
  2,370
  2,489
  2,613
  2,743
  2,880
  3,024

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,373
  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
  5,218
  4,085
  4,337
  4,600
  4,874
  5,159
  5,456
  5,767
  6,091
  6,430
  6,784
  7,154
  7,540
  7,945
  8,369
  8,812
  9,276
  9,762
  10,272
  10,805
  11,364
  11,951
  12,565
  13,209
  13,885
  14,594
  15,337
  16,117
  16,935
  17,793
  18,694
Adjusted assets (=assets-cash), $m
  3,845
  4,085
  4,337
  4,600
  4,874
  5,159
  5,456
  5,767
  6,091
  6,430
  6,784
  7,154
  7,540
  7,945
  8,369
  8,812
  9,276
  9,762
  10,272
  10,805
  11,364
  11,951
  12,565
  13,209
  13,885
  14,594
  15,337
  16,117
  16,935
  17,793
  18,694
Revenue / Adjusted assets
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
  0.453
Average production assets, $m
  79
  483
  513
  544
  576
  610
  645
  682
  720
  760
  802
  846
  892
  939
  989
  1,042
  1,097
  1,154
  1,214
  1,278
  1,344
  1,413
  1,486
  1,562
  1,642
  1,725
  1,813
  1,906
  2,002
  2,104
  2,210
Working capital, $m
  726
  -688
  -731
  -775
  -821
  -869
  -919
  -972
  -1,026
  -1,084
  -1,143
  -1,205
  -1,271
  -1,339
  -1,410
  -1,485
  -1,563
  -1,645
  -1,731
  -1,821
  -1,915
  -2,014
  -2,117
  -2,226
  -2,340
  -2,459
  -2,585
  -2,716
  -2,854
  -2,998
  -3,150
Total debt, $m
  0
  107
  221
  338
  461
  589
  723
  862
  1,008
  1,160
  1,319
  1,485
  1,659
  1,840
  2,031
  2,230
  2,438
  2,656
  2,885
  3,125
  3,376
  3,639
  3,915
  4,204
  4,507
  4,826
  5,159
  5,509
  5,877
  6,262
  6,666
Total liabilities, $m
  1,727
  1,834
  1,948
  2,065
  2,188
  2,316
  2,450
  2,589
  2,735
  2,887
  3,046
  3,212
  3,386
  3,567
  3,758
  3,957
  4,165
  4,383
  4,612
  4,852
  5,103
  5,366
  5,642
  5,931
  6,234
  6,553
  6,886
  7,236
  7,604
  7,989
  8,393
Total equity, $m
  3,491
  2,251
  2,390
  2,535
  2,685
  2,843
  3,006
  3,178
  3,356
  3,543
  3,738
  3,942
  4,155
  4,378
  4,611
  4,855
  5,111
  5,379
  5,660
  5,954
  6,262
  6,585
  6,923
  7,278
  7,651
  8,041
  8,451
  8,880
  9,331
  9,804
  10,300
Total liabilities and equity, $m
  5,218
  4,085
  4,338
  4,600
  4,873
  5,159
  5,456
  5,767
  6,091
  6,430
  6,784
  7,154
  7,541
  7,945
  8,369
  8,812
  9,276
  9,762
  10,272
  10,806
  11,365
  11,951
  12,565
  13,209
  13,885
  14,594
  15,337
  16,116
  16,935
  17,793
  18,693
Debt-to-equity ratio
  0.000
  0.050
  0.090
  0.130
  0.170
  0.210
  0.240
  0.270
  0.300
  0.330
  0.350
  0.380
  0.400
  0.420
  0.440
  0.460
  0.480
  0.490
  0.510
  0.520
  0.540
  0.550
  0.570
  0.580
  0.590
  0.600
  0.610
  0.620
  0.630
  0.640
  0.650
Adjusted equity ratio
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  725
  696
  736
  778
  821
  867
  914
  964
  1,015
  1,069
  1,126
  1,185
  1,246
  1,311
  1,378
  1,449
  1,523
  1,600
  1,681
  1,766
  1,856
  1,949
  2,047
  2,150
  2,257
  2,370
  2,489
  2,613
  2,743
  2,880
  3,024
Depreciation, amort., depletion, $m
  15
  16
  17
  18
  19
  20
  22
  23
  24
  25
  27
  28
  30
  31
  33
  35
  37
  38
  40
  43
  45
  47
  50
  52
  55
  58
  60
  64
  67
  70
  74
Funds from operations, $m
  940
  712
  753
  796
  841
  887
  936
  986
  1,039
  1,095
  1,152
  1,213
  1,276
  1,342
  1,411
  1,484
  1,559
  1,639
  1,722
  1,809
  1,900
  1,996
  2,096
  2,202
  2,312
  2,428
  2,549
  2,676
  2,810
  2,950
  3,097
Change in working capital, $m
  -6
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -62
  -65
  -68
  -71
  -75
  -78
  -82
  -86
  -90
  -94
  -99
  -104
  -109
  -114
  -119
  -125
  -131
  -138
  -145
  -152
Cash from operations, $m
  946
  1,132
  796
  840
  887
  935
  986
  1,039
  1,094
  1,152
  1,212
  1,275
  1,341
  1,410
  1,483
  1,558
  1,638
  1,721
  1,808
  1,899
  1,995
  2,095
  2,200
  2,310
  2,426
  2,547
  2,674
  2,808
  2,948
  3,095
  3,249
Maintenance CAPEX, $m
  0
  -15
  -16
  -17
  -18
  -19
  -20
  -22
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -38
  -40
  -43
  -45
  -47
  -50
  -52
  -55
  -58
  -60
  -64
  -67
  -70
New CAPEX, $m
  -24
  -29
  -30
  -31
  -32
  -34
  -35
  -37
  -38
  -40
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -66
  -69
  -73
  -76
  -80
  -84
  -88
  -92
  -97
  -101
  -106
Cash from investing activities, $m
  -110
  -44
  -46
  -48
  -50
  -53
  -55
  -59
  -61
  -64
  -67
  -71
  -74
  -78
  -81
  -85
  -90
  -94
  -98
  -103
  -109
  -114
  -120
  -126
  -132
  -139
  -146
  -152
  -161
  -168
  -176
Free cash flow, $m
  836
  1,088
  750
  792
  836
  882
  930
  981
  1,033
  1,088
  1,145
  1,205
  1,267
  1,333
  1,401
  1,473
  1,548
  1,627
  1,709
  1,795
  1,886
  1,981
  2,080
  2,185
  2,294
  2,409
  2,529
  2,655
  2,788
  2,927
  3,072
Issuance/(repayment) of debt, $m
  0
  107
  113
  118
  123
  128
  134
  139
  146
  152
  159
  166
  174
  182
  190
  199
  208
  218
  229
  240
  251
  263
  276
  289
  303
  318
  334
  350
  367
  385
  404
Issuance/(repurchase) of shares, $m
  -859
  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  
  -841
  107
  113
  118
  123
  128
  134
  139
  146
  152
  159
  166
  174
  182
  190
  199
  208
  218
  229
  240
  251
  263
  276
  289
  303
  318
  334
  350
  367
  385
  404
Total cash flow (excl. dividends), $m
  -5
  1,196
  863
  910
  959
  1,010
  1,064
  1,120
  1,178
  1,240
  1,304
  1,371
  1,441
  1,514
  1,591
  1,672
  1,756
  1,845
  1,938
  2,035
  2,137
  2,244
  2,356
  2,474
  2,597
  2,727
  2,863
  3,005
  3,155
  3,312
  3,477
Retained Cash Flow (-), $m
  41
  -133
  -139
  -145
  -151
  -157
  -164
  -171
  -179
  -187
  -195
  -204
  -213
  -223
  -233
  -244
  -256
  -268
  -281
  -294
  -308
  -323
  -339
  -355
  -372
  -390
  -410
  -430
  -451
  -473
  -496
Prev. year cash balance distribution, $m
 
  1,373
  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
 
  2,436
  724
  765
  808
  853
  900
  949
  1,000
  1,053
  1,109
  1,167
  1,228
  1,291
  1,358
  1,428
  1,501
  1,577
  1,657
  1,741
  1,829
  1,921
  2,018
  2,119
  2,225
  2,336
  2,453
  2,576
  2,704
  2,839
  2,981
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  2,335
  663
  666
  666
  661
  653
  641
  625
  605
  581
  554
  524
  491
  456
  419
  381
  343
  305
  268
  232
  199
  167
  139
  113
  91
  72
  55
  42
  31
  22
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

Check Point Software Technologies Ltd. offers software and combined hardware products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. Its solutions for data centers and enterprises include data center and enterprise network security appliances; integrated appliance solutions that provide integrated software and hardware bundles, and direct support; and vSEC public and private cloud solutions for integrated security. The company’s solutions for small businesses and branch offices comprise turn-key appliances and a cloud managed security services; and consumer and home applications include ZoneAlarm products that provide integrated threat protection solutions for PCs and mobile devices. It also provides threat prevention solutions, such as Sandblast zero day protection, threat prevention appliances and software, threat intelligence, distributed denial-of-service, and Web security solutions; security management solution, such as policy management, operations and workflow, and monitoring and analysis solutions; mobile security solutions comprising mobile threat prevention and document protection solutions; and endpoint security solutions, such as secure data, devices, and policy solutions. In addition, the company offers technical services, such as technical customer support programs and plans; certification and educational training; and professional services in implementing, upgrading, and optimizing products comprising design planning and security implementation services. It sells its products and services to enterprises, service providers, small and medium sized businesses, and consumers through a network of channel partners, such as distributors, value-added resellers, retail and direct marketing partners, systems integrators, and managed service providers. The company was founded in 1993 and is headquartered in Tel Aviv, Israel.

FINANCIAL RATIOS  of  Check Point Software Technologies (CHKP)

Valuation Ratios
P/E Ratio 26
Price to Sales 10.8
Price to Book 5.4
Price to Tangible Book
Price to Cash Flow 19.9
Price to Free Cash Flow 20.4
Growth Rates
Sales Growth Rate 6.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 41.2%
Cap. Spend. - 3 Yr. Gr. Rate 19.1%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 14.1%
Ret/ On Assets - 3 Yr. Avg. 13.7%
Return On Total Capital 20.6%
Ret/ On T. Cap. - 3 Yr. Avg. 19.3%
Return On Equity 20.6%
Return On Equity - 3 Yr. Avg. 19.3%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 88.4%
Gross Margin - 3 Yr. Avg. 88.3%
EBITDA Margin 52.4%
EBITDA Margin - 3 Yr. Avg. 54.4%
Operating Margin 48.9%
Oper. Margin - 3 Yr. Avg. 51.3%
Pre-Tax Margin 51.5%
Pre-Tax Margin - 3 Yr. Avg. 53.5%
Net Profit Margin 41.6%
Net Profit Margin - 3 Yr. Avg. 42.6%
Effective Tax Rate 19.2%
Eff/ Tax Rate - 3 Yr. Avg. 20.4%
Payout Ratio 0%

CHKP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CHKP stock intrinsic value calculation we used $1741 million for the last fiscal year's total revenue generated by Check Point Software Technologies. The default revenue input number comes from 2016 income statement of Check Point Software Technologies. 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 CHKP stock valuation model: a) initial revenue growth rate of 6.3% 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 4.3%, whose default value for CHKP is calculated based on our internal credit rating of Check Point Software Technologies, 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 Check Point Software Technologies.
    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 CHKP stock the variable cost ratio is equal to 48.5%.

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 CHKP 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 3.5% for Check Point Software Technologies.

Corporate tax rate of 27% is the nominal tax rate for Check Point Software Technologies. 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 CHKP 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 CHKP are equal to 26.1%.

Life of production assets of 57.4 years is the average useful life of capital assets used in Check Point Software Technologies 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 CHKP is equal to -37.2%. 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 - $3491 million for Check Point Software Technologies - 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 174.351 million for Check Point Software Technologies 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 Check Point Software Technologies at the current share price and the inputted number of shares is $19.8 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
IBM International 154.40 prem.  prem.
CYRN CYREN 2.05 prem.  prem.
CSCO Cisco Systems 31.85 prem.  prem.
SYMC Symantec 28.81 prem.  prem.
FEYE FireEye 15.59 prem.  prem.
PANW Palo Alto Netw 136.06 prem.  prem.
CYBR CyberArk Softw 49.59 prem.  prem.
FTNT Fortinet 37.79 prem.  prem.
HPQ HP 17.71 prem.  prem.
INTC Intel 34.36 prem.  prem.

COMPANY NEWS

▶ 5 Reasons FireEye Inc. Stock Could Fall   [Jun-21-17 01:42PM  Motley Fool]
▶ Ignore Palo Alto Networks Inc: Here Are 3 Better Stocks   [Jun-16-17 07:05PM  Motley Fool]
▶ FireEye Inc.'s Most Brilliant Moves in 2017 So Far   [Jun-14-17 10:00AM  Motley Fool]
▶ Short Sellers Back Off Cybersecurity Stocks   [Jun-12-17 10:15AM  24/7 Wall St.]
▶ How Risky Is FireEye, Inc.?   [Jun-10-17 02:00PM  Motley Fool]
▶ Better Buy: FireEye Inc. vs. Check Point Software   [Jun-07-17 08:07PM  Motley Fool]
▶ Check Point Software Technologies Ltd.: Buy at the High?   [May-23-17 02:18PM  Motley Fool]
▶ Should You Buy CyberArk After its Post-Earnings Dip?   [May-18-17 11:00AM  Motley Fool]
▶ Which Cybersecurity Stocks Short Sellers Favor   [May-10-17 10:30AM  24/7 Wall St.]
▶ Check Point beats Street 1Q forecasts   [05:08AM  Associated Press]
▶ Major Cybersecurity Stocks See Rise in Short Interest Bets   [Apr-26-17 09:45AM  24/7 Wall St.]
▶ Fortinet Stock Rises, Palo Alto Downgraded, Barracuda Earnings Due   [Apr-17-17 03:27PM  Investor's Business Daily]
▶ Cybersecurity Stocks See Increased Bets From Short Sellers   [Apr-12-17 09:40AM  24/7 Wall St.]
▶ Hedge Funds Love These 4 Stocks--Should You?   [Apr-11-17 06:38PM  TheStreet.com]
▶ Hey Charlie, Check Point Software Could Shoot Even Higher   [Mar-30-17 12:50PM  at TheStreet]
▶ The 3 Best Firewall Companies to Buy in 2017   [Mar-29-17 08:49PM  Motley Fool]
▶ The 3 Best Firewall Companies to Buy in 2017   [08:49PM  at Motley Fool]
▶ Cybersecurity Stocks See Increase in Short Interest Bets   [Mar-27-17 10:55AM  24/7 Wall St.]
▶ 3 Winning Stocks You Never Saw Coming   [09:23AM  at Motley Fool]
▶ Four Disruptive 'Cyber Trends' At RSA   [08:52AM  at Forbes]
▶ 3 Safe Stocks You Can Buy Right Now   [Feb-14-17 08:40AM  at Motley Fool]
▶ Best Tech Companies To Invest In   [Feb-08-17 10:50AM  at Insider Monkey]
▶ How Risky Is Palo Alto Networks Inc.?   [Jan-29-17 11:47AM  at Motley Fool]
Stock chart of CHKP Financial statements of CHKP Annual reports of CHKP
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.