Intrinsic value of Rockwell Collins - COL

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$104.70

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$104.70

 
Intrinsic value

$88.00

 
Up/down potential

-16%

 
Rating

hold

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

We calculate the intrinsic value of COL 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 13.5

 

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, %
  0.29
  2.10
  2.39
  2.65
  2.89
  3.10
  3.29
  3.46
  3.61
  3.75
  3.88
  3.99
  4.09
  4.18
  4.26
  4.34
  4.40
  4.46
  4.52
  4.56
  4.61
  4.65
  4.68
  4.71
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
Revenue, $m
  5,259
  5,369
  5,498
  5,644
  5,806
  5,986
  6,183
  6,397
  6,628
  6,877
  7,143
  7,428
  7,732
  8,055
  8,399
  8,763
  9,149
  9,557
  9,989
  10,445
  10,926
  11,434
  11,969
  12,533
  13,128
  13,754
  14,413
  15,106
  15,836
  16,604
  17,412
Variable operating expenses, $m
 
  4,318
  4,417
  4,529
  4,654
  4,792
  4,944
  5,108
  5,286
  5,477
  5,682
  5,709
  5,942
  6,191
  6,454
  6,734
  7,031
  7,345
  7,676
  8,027
  8,397
  8,787
  9,198
  9,632
  10,089
  10,570
  11,076
  11,609
  12,170
  12,760
  13,381
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
  4,280
  4,318
  4,417
  4,529
  4,654
  4,792
  4,944
  5,108
  5,286
  5,477
  5,682
  5,709
  5,942
  6,191
  6,454
  6,734
  7,031
  7,345
  7,676
  8,027
  8,397
  8,787
  9,198
  9,632
  10,089
  10,570
  11,076
  11,609
  12,170
  12,760
  13,381
Operating income, $m
  979
  1,051
  1,081
  1,115
  1,152
  1,194
  1,239
  1,289
  1,342
  1,400
  1,462
  1,720
  1,790
  1,865
  1,944
  2,029
  2,118
  2,212
  2,312
  2,418
  2,529
  2,647
  2,771
  2,901
  3,039
  3,184
  3,336
  3,497
  3,666
  3,844
  4,031
EBITDA, $m
  1,232
  1,311
  1,342
  1,378
  1,417
  1,461
  1,509
  1,562
  1,618
  1,679
  1,744
  1,813
  1,887
  1,966
  2,050
  2,139
  2,233
  2,333
  2,438
  2,550
  2,667
  2,791
  2,922
  3,060
  3,205
  3,357
  3,518
  3,688
  3,866
  4,053
  4,250
Interest expense (income), $m
  0
  62
  66
  70
  76
  81
  88
  95
  102
  110
  119
  128
  138
  149
  160
  172
  185
  199
  213
  228
  244
  261
  279
  298
  318
  339
  361
  384
  408
  434
  461
Earnings before tax, $m
  935
  989
  1,015
  1,044
  1,077
  1,113
  1,152
  1,194
  1,240
  1,290
  1,343
  1,591
  1,652
  1,716
  1,784
  1,856
  1,933
  2,014
  2,099
  2,189
  2,285
  2,385
  2,492
  2,603
  2,721
  2,845
  2,976
  3,113
  3,258
  3,410
  3,570
Tax expense, $m
  208
  267
  274
  282
  291
  300
  311
  322
  335
  348
  363
  430
  446
  463
  482
  501
  522
  544
  567
  591
  617
  644
  673
  703
  735
  768
  803
  841
  880
  921
  964
Net income, $m
  728
  722
  741
  762
  786
  812
  841
  872
  905
  942
  980
  1,162
  1,206
  1,252
  1,302
  1,355
  1,411
  1,470
  1,532
  1,598
  1,668
  1,741
  1,819
  1,900
  1,986
  2,077
  2,172
  2,273
  2,378
  2,489
  2,606

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  340
  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
  7,699
  7,510
  7,689
  7,893
  8,121
  8,372
  8,648
  8,947
  9,270
  9,618
  9,991
  10,389
  10,814
  11,266
  11,746
  12,256
  12,795
  13,366
  13,970
  14,608
  15,281
  15,991
  16,740
  17,529
  18,360
  19,236
  20,158
  21,128
  22,149
  23,222
  24,352
Adjusted assets (=assets-cash), $m
  7,359
  7,510
  7,689
  7,893
  8,121
  8,372
  8,648
  8,947
  9,270
  9,618
  9,991
  10,389
  10,814
  11,266
  11,746
  12,256
  12,795
  13,366
  13,970
  14,608
  15,281
  15,991
  16,740
  17,529
  18,360
  19,236
  20,158
  21,128
  22,149
  23,222
  24,352
Revenue / Adjusted assets
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
  0.715
Average production assets, $m
  685
  698
  715
  734
  755
  778
  804
  832
  862
  894
  929
  966
  1,005
  1,047
  1,092
  1,139
  1,189
  1,242
  1,299
  1,358
  1,420
  1,486
  1,556
  1,629
  1,707
  1,788
  1,874
  1,964
  2,059
  2,159
  2,264
Working capital, $m
  1,144
  1,579
  1,616
  1,659
  1,707
  1,760
  1,818
  1,881
  1,949
  2,022
  2,100
  2,184
  2,273
  2,368
  2,469
  2,576
  2,690
  2,810
  2,937
  3,071
  3,212
  3,361
  3,519
  3,685
  3,860
  4,044
  4,237
  4,441
  4,656
  4,882
  5,119
Total debt, $m
  2,114
  1,885
  2,014
  2,160
  2,324
  2,504
  2,702
  2,917
  3,149
  3,399
  3,666
  3,952
  4,257
  4,582
  4,927
  5,293
  5,680
  6,090
  6,523
  6,981
  7,465
  7,975
  8,512
  9,079
  9,676
  10,304
  10,966
  11,663
  12,396
  13,167
  13,978
Total liabilities, $m
  5,621
  5,392
  5,521
  5,667
  5,831
  6,011
  6,209
  6,424
  6,656
  6,906
  7,173
  7,459
  7,764
  8,089
  8,434
  8,800
  9,187
  9,597
  10,030
  10,488
  10,972
  11,482
  12,019
  12,586
  13,183
  13,811
  14,473
  15,170
  15,903
  16,674
  17,485
Total equity, $m
  2,078
  2,118
  2,168
  2,226
  2,290
  2,361
  2,439
  2,523
  2,614
  2,712
  2,817
  2,930
  3,050
  3,177
  3,312
  3,456
  3,608
  3,769
  3,940
  4,119
  4,309
  4,509
  4,721
  4,943
  5,178
  5,425
  5,684
  5,958
  6,246
  6,549
  6,867
Total liabilities and equity, $m
  7,699
  7,510
  7,689
  7,893
  8,121
  8,372
  8,648
  8,947
  9,270
  9,618
  9,990
  10,389
  10,814
  11,266
  11,746
  12,256
  12,795
  13,366
  13,970
  14,607
  15,281
  15,991
  16,740
  17,529
  18,361
  19,236
  20,157
  21,128
  22,149
  23,223
  24,352
Debt-to-equity ratio
  1.017
  0.890
  0.930
  0.970
  1.010
  1.060
  1.110
  1.160
  1.200
  1.250
  1.300
  1.350
  1.400
  1.440
  1.490
  1.530
  1.570
  1.620
  1.660
  1.690
  1.730
  1.770
  1.800
  1.840
  1.870
  1.900
  1.930
  1.960
  1.980
  2.010
  2.040
Adjusted equity ratio
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282
  0.282

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  728
  722
  741
  762
  786
  812
  841
  872
  905
  942
  980
  1,162
  1,206
  1,252
  1,302
  1,355
  1,411
  1,470
  1,532
  1,598
  1,668
  1,741
  1,819
  1,900
  1,986
  2,077
  2,172
  2,273
  2,378
  2,489
  2,606
Depreciation, amort., depletion, $m
  253
  260
  261
  263
  265
  267
  270
  273
  276
  279
  282
  94
  98
  102
  106
  111
  115
  121
  126
  132
  138
  144
  151
  158
  166
  174
  182
  191
  200
  210
  220
Funds from operations, $m
  394
  982
  1,002
  1,025
  1,051
  1,080
  1,111
  1,145
  1,181
  1,220
  1,262
  1,255
  1,303
  1,354
  1,408
  1,466
  1,526
  1,590
  1,658
  1,730
  1,806
  1,886
  1,970
  2,059
  2,152
  2,251
  2,354
  2,463
  2,578
  2,699
  2,826
Change in working capital, $m
  -329
  32
  38
  43
  48
  53
  58
  63
  68
  73
  78
  84
  89
  95
  101
  107
  113
  120
  127
  134
  142
  149
  157
  166
  175
  184
  194
  204
  215
  226
  237
Cash from operations, $m
  723
  931
  964
  982
  1,003
  1,027
  1,053
  1,082
  1,113
  1,147
  1,184
  1,172
  1,214
  1,259
  1,307
  1,358
  1,413
  1,470
  1,532
  1,596
  1,664
  1,736
  1,813
  1,893
  1,977
  2,067
  2,160
  2,259
  2,363
  2,473
  2,588
Maintenance CAPEX, $m
  0
  -67
  -68
  -69
  -71
  -73
  -76
  -78
  -81
  -84
  -87
  -90
  -94
  -98
  -102
  -106
  -111
  -115
  -121
  -126
  -132
  -138
  -144
  -151
  -158
  -166
  -174
  -182
  -191
  -200
  -210
New CAPEX, $m
  -193
  -13
  -17
  -19
  -21
  -23
  -26
  -28
  -30
  -32
  -35
  -37
  -39
  -42
  -45
  -47
  -50
  -53
  -56
  -59
  -63
  -66
  -70
  -73
  -77
  -81
  -86
  -90
  -95
  -100
  -105
Cash from investing activities, $m
  -209
  -80
  -85
  -88
  -92
  -96
  -102
  -106
  -111
  -116
  -122
  -127
  -133
  -140
  -147
  -153
  -161
  -168
  -177
  -185
  -195
  -204
  -214
  -224
  -235
  -247
  -260
  -272
  -286
  -300
  -315
Free cash flow, $m
  514
  852
  880
  894
  911
  930
  952
  976
  1,002
  1,031
  1,062
  1,044
  1,081
  1,119
  1,161
  1,205
  1,252
  1,302
  1,355
  1,411
  1,470
  1,533
  1,599
  1,668
  1,742
  1,819
  1,901
  1,987
  2,078
  2,173
  2,274
Issuance/(repayment) of debt, $m
  -8
  111
  129
  146
  164
  181
  198
  215
  232
  250
  268
  286
  305
  325
  345
  366
  387
  410
  433
  458
  483
  510
  538
  567
  597
  629
  662
  697
  733
  771
  811
Issuance/(repurchase) of shares, $m
  -240
  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  
  -250
  111
  129
  146
  164
  181
  198
  215
  232
  250
  268
  286
  305
  325
  345
  366
  387
  410
  433
  458
  483
  510
  538
  567
  597
  629
  662
  697
  733
  771
  811
Total cash flow (excl. dividends), $m
  260
  963
  1,009
  1,040
  1,074
  1,111
  1,149
  1,191
  1,234
  1,281
  1,330
  1,331
  1,386
  1,444
  1,506
  1,571
  1,640
  1,712
  1,788
  1,869
  1,953
  2,042
  2,136
  2,235
  2,339
  2,448
  2,563
  2,684
  2,811
  2,944
  3,085
Retained Cash Flow (-), $m
  -203
  -40
  -51
  -57
  -64
  -71
  -78
  -84
  -91
  -98
  -105
  -112
  -120
  -127
  -135
  -144
  -152
  -161
  -170
  -180
  -190
  -200
  -211
  -223
  -234
  -247
  -260
  -274
  -288
  -303
  -318
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
 
  923
  958
  983
  1,010
  1,040
  1,072
  1,106
  1,143
  1,183
  1,225
  1,218
  1,266
  1,317
  1,370
  1,427
  1,487
  1,551
  1,618
  1,689
  1,763
  1,842
  1,925
  2,012
  2,104
  2,201
  2,303
  2,410
  2,523
  2,641
  2,766
Discount rate, %
 
  5.00
  5.25
  5.51
  5.79
  6.08
  6.38
  6.70
  7.04
  7.39
  7.76
  8.14
  8.55
  8.98
  9.43
  9.90
  10.39
  10.91
  11.46
  12.03
  12.63
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
PV of cash for distribution, $m
 
  879
  865
  837
  807
  774
  739
  703
  664
  623
  580
  515
  473
  431
  388
  346
  306
  267
  230
  195
  163
  135
  109
  87
  68
  52
  39
  29
  21
  15
  10
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

Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. Its Commercial Systems segment provides integrated avionics systems; cabin management systems; data link, high frequency, very high frequency, and satellite communications systems; landing sensors, radio navigation, and geophysical sensors, as well as flight management systems; situational awareness and surveillance systems and products; integrated flight controls; simulation and training systems; and maintenance, repair, parts, and after-sales support services, as well as aftermarket used equipment. This segment serves original equipment manufacturers of commercial air transport, business and regional aircraft, commercial airlines, and business aircraft operators. The company’s Government Systems segment provides defense-related systems, products, and services comprising communications systems and products; radio navigation products, global positioning system equipment, and multi-mode receivers; avionics systems for aircraft flight decks; precision targeting, electronic warfare, and range and training systems; simulation and training systems; space wheels; visual system products; and maintenance, repair, parts, and after-sales support services, as well as aftermarket used equipment. This segment serves the U.S. Department of Defense, other ministries of defense, other government agencies, and defense contractors. Its Information Management Services segment offers voice and data communication services; flight support services; airport communications and information systems; train dispatching and information systems; mission critical security systems; and cabin connectivity solutions. This segment serves commercial airlines, business aircraft operators, the U.S. Federal Aviation Administration, airport and critical infrastructure operators, and passenger and freight railroads. Rockwell Collins, Inc. was founded in 1933 and is headquartered in Cedar Rapids, Iowa.

FINANCIAL RATIOS  of  Rockwell Collins (COL)

Valuation Ratios
P/E Ratio 18.7
Price to Sales 2.6
Price to Book 6.6
Price to Tangible Book
Price to Cash Flow 18.9
Price to Free Cash Flow 25.7
Growth Rates
Sales Growth Rate 0.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8.1%
Cap. Spend. - 3 Yr. Gr. Rate 9.8%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 66.1%
Total Debt to Equity 101.7%
Interest Coverage 0
Management Effectiveness
Return On Assets 9.7%
Ret/ On Assets - 3 Yr. Avg. 9.9%
Return On Total Capital 17.8%
Ret/ On T. Cap. - 3 Yr. Avg. 17.6%
Return On Equity 36.8%
Return On Equity - 3 Yr. Avg. 35.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 30.7%
Gross Margin - 3 Yr. Avg. 30.6%
EBITDA Margin 22.6%
EBITDA Margin - 3 Yr. Avg. 23.1%
Operating Margin 18.6%
Oper. Margin - 3 Yr. Avg. 18.9%
Pre-Tax Margin 17.8%
Pre-Tax Margin - 3 Yr. Avg. 17.9%
Net Profit Margin 13.8%
Net Profit Margin - 3 Yr. Avg. 13%
Effective Tax Rate 22.2%
Eff/ Tax Rate - 3 Yr. Avg. 26.7%
Payout Ratio 23.6%

COL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the COL stock intrinsic value calculation we used $5259 million for the last fiscal year's total revenue generated by Rockwell Collins. The default revenue input number comes from 2016 income statement of Rockwell Collins. 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 COL stock valuation model: a) initial revenue growth rate of 2.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5%, whose default value for COL is calculated based on our internal credit rating of Rockwell Collins, 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 Rockwell Collins.
    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 COL stock the variable cost ratio is equal to 80.5%.

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 COL 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 Rockwell Collins.

Corporate tax rate of 27% is the nominal tax rate for Rockwell Collins. 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 COL 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 COL are equal to 13%.

Life of production assets of 10.3 years is the average useful life of capital assets used in Rockwell Collins 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 COL is equal to 29.4%. 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 - $2078 million for Rockwell Collins - 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 129.168 million for Rockwell Collins 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 Rockwell Collins at the current share price and the inputted number of shares is $13.5 billion.


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COMPANY NEWS

▶ Rockwell Collins tops Street 2Q forecasts   [06:44AM  Associated Press]
▶ Rockwell Collins Declares Regular Quarterly Dividend   [Apr-19-17 05:15PM  Business Wire]
▶ South Florida aviation company sold to Iowa firm for $8.6B   [Apr-14-17 06:04PM  American City Business Journals]
▶ Rockwell Collins completes acquisition of B/E Aerospace for $8.6B   [01:55PM  American City Business Journals]
▶ Sabre Set to Join S&P MidCap 400   [Apr-13-17 05:54PM  PR Newswire]
▶ Three Must-Own Defense Stocks   [10:51AM  Investopedia]
▶ Sleeping giants offering massive gains   [Apr-10-17 07:32PM  CNBC Videos]
▶ EU Mergers and Takeovers (March 30)   [10:31AM  Investopedia]
▶ Rockwell Collins Announces Pricing of Senior Notes Offering   [Mar-28-17 08:03PM  Business Wire]
▶ Why Walt Disney, Facebook, Twitter, and More Are in the Spotlight   [Mar-20-17 07:58AM  at Insider Monkey]
▶ Triad aviation execs to receive "golden parachute" after merger   [Feb-07-17 03:10PM  at bizjournals.com]
▶ Rockwell Collins Declares Regular Quarterly Dividend   [Jan-31-17 04:15PM  Business Wire]
▶ Rockwell Collins's CEO Turns Salesman   [10:23AM  at Bloomberg]
▶ [$$] Rockwell Collins Confident on Jet Ramp   [01:49PM  at The Wall Street Journal]
Stock chart of COL Financial statements of COL
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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