Intrinsic value of Corvel - CRVL

Previous Close

$55.40

  Intrinsic Value

$26.62

stock screener

  Rating & Target

str. sell

-52%

Previous close

$55.40

 
Intrinsic value

$26.62

 
Up/down potential

-52%

 
Rating

str. sell

We calculate the intrinsic value of CRVL 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.98
  3.00
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
Revenue, $m
  519
  535
  552
  570
  591
  612
  636
  661
  687
  716
  746
  778
  812
  848
  886
  927
  969
  1,014
  1,061
  1,111
  1,164
  1,219
  1,277
  1,339
  1,403
  1,471
  1,543
  1,618
  1,697
  1,780
  1,867
Variable operating expenses, $m
 
  481
  496
  513
  531
  550
  571
  594
  617
  643
  670
  694
  725
  757
  791
  827
  865
  905
  947
  991
  1,038
  1,088
  1,140
  1,194
  1,252
  1,313
  1,376
  1,443
  1,514
  1,588
  1,666
Fixed operating expenses, $m
 
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  5
  5
  5
  5
  6
  6
  6
  6
  6
  6
  6
  6
  7
  7
  7
  7
  7
  7
  8
  8
Total operating expenses, $m
  471
  485
  500
  517
  535
  554
  576
  599
  622
  648
  675
  699
  730
  762
  796
  833
  871
  911
  953
  997
  1,044
  1,094
  1,146
  1,201
  1,259
  1,320
  1,383
  1,450
  1,521
  1,596
  1,674
Operating income, $m
  48
  49
  51
  53
  55
  58
  60
  63
  65
  68
  71
  79
  82
  86
  90
  94
  99
  104
  109
  114
  119
  125
  131
  138
  145
  152
  159
  167
  176
  185
  194
EBITDA, $m
  69
  64
  66
  68
  71
  73
  76
  79
  83
  86
  90
  94
  98
  102
  107
  112
  117
  123
  129
  135
  142
  149
  156
  163
  171
  180
  189
  198
  208
  219
  229
Interest expense (income), $m
  0
  0
  0
  0
  1
  1
  1
  1
  1
  2
  2
  2
  3
  3
  3
  4
  4
  5
  5
  5
  6
  7
  7
  8
  8
  9
  10
  10
  11
  12
  13
Earnings before tax, $m
  48
  49
  51
  53
  55
  57
  59
  61
  64
  67
  69
  77
  80
  83
  87
  91
  95
  99
  104
  108
  113
  119
  124
  130
  136
  143
  150
  157
  165
  173
  181
Tax expense, $m
  19
  13
  14
  14
  15
  15
  16
  17
  17
  18
  19
  21
  22
  22
  23
  24
  26
  27
  28
  29
  31
  32
  34
  35
  37
  39
  40
  42
  44
  47
  49
Net income, $m
  29
  36
  37
  39
  40
  41
  43
  45
  47
  49
  51
  56
  58
  61
  63
  66
  69
  72
  76
  79
  83
  87
  91
  95
  100
  104
  109
  115
  120
  126
  132

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  29
  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
  235
  243
  250
  259
  268
  278
  288
  300
  312
  325
  339
  353
  369
  385
  402
  420
  440
  460
  482
  504
  528
  553
  580
  607
  637
  668
  700
  734
  770
  808
  847
Adjusted assets (=assets-cash), $m
  206
  243
  250
  259
  268
  278
  288
  300
  312
  325
  339
  353
  369
  385
  402
  420
  440
  460
  482
  504
  528
  553
  580
  607
  637
  668
  700
  734
  770
  808
  847
Revenue / Adjusted assets
  2.519
  2.202
  2.208
  2.201
  2.205
  2.201
  2.208
  2.203
  2.202
  2.203
  2.201
  2.204
  2.201
  2.203
  2.204
  2.207
  2.202
  2.204
  2.201
  2.204
  2.205
  2.204
  2.202
  2.206
  2.203
  2.202
  2.204
  2.204
  2.204
  2.203
  2.204
Average production assets, $m
  -1
  102
  105
  109
  113
  117
  121
  126
  131
  137
  143
  149
  155
  162
  169
  177
  185
  194
  203
  212
  222
  233
  244
  256
  268
  281
  295
  309
  324
  340
  357
Working capital, $m
  39
  -17
  -18
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -30
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -52
  -54
  -57
  -60
Total debt, $m
  0
  3
  6
  10
  14
  18
  22
  27
  32
  37
  43
  49
  55
  62
  69
  76
  84
  93
  102
  111
  121
  131
  142
  153
  165
  178
  191
  205
  220
  236
  252
Total liabilities, $m
  97
  100
  103
  106
  110
  114
  119
  123
  128
  133
  139
  145
  151
  158
  165
  173
  181
  189
  198
  207
  217
  227
  238
  250
  262
  274
  288
  302
  316
  332
  348
Total equity, $m
  139
  143
  147
  152
  158
  164
  170
  177
  184
  191
  199
  208
  217
  227
  237
  248
  259
  271
  284
  297
  311
  326
  341
  358
  375
  393
  412
  432
  453
  476
  499
Total liabilities and equity, $m
  236
  243
  250
  258
  268
  278
  289
  300
  312
  324
  338
  353
  368
  385
  402
  421
  440
  460
  482
  504
  528
  553
  579
  608
  637
  667
  700
  734
  769
  808
  847
Debt-to-equity ratio
  0.000
  0.020
  0.040
  0.070
  0.090
  0.110
  0.130
  0.150
  0.170
  0.190
  0.210
  0.230
  0.250
  0.270
  0.290
  0.310
  0.330
  0.340
  0.360
  0.370
  0.390
  0.400
  0.420
  0.430
  0.440
  0.450
  0.460
  0.470
  0.490
  0.500
  0.500
Adjusted equity ratio
  0.534
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  29
  36
  37
  39
  40
  41
  43
  45
  47
  49
  51
  56
  58
  61
  63
  66
  69
  72
  76
  79
  83
  87
  91
  95
  100
  104
  109
  115
  120
  126
  132
Depreciation, amort., depletion, $m
  21
  14
  15
  15
  15
  16
  16
  17
  17
  18
  18
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  26
  27
  28
  29
  31
  32
  34
  36
Funds from operations, $m
  49
  50
  52
  54
  55
  57
  59
  61
  64
  66
  69
  71
  74
  77
  80
  84
  88
  92
  96
  100
  105
  110
  115
  121
  126
  132
  139
  146
  153
  160
  168
Change in working capital, $m
  -3
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
Cash from operations, $m
  52
  51
  52
  54
  56
  58
  60
  62
  65
  67
  70
  72
  75
  78
  82
  85
  89
  93
  97
  102
  107
  112
  117
  123
  128
  135
  141
  148
  155
  163
  171
Maintenance CAPEX, $m
  0
  -10
  -10
  -11
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -29
  -31
  -32
  -34
New CAPEX, $m
  -31
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
Cash from investing activities, $m
  -31
  -13
  -13
  -15
  -15
  -15
  -16
  -17
  -18
  -18
  -20
  -20
  -21
  -23
  -23
  -25
  -26
  -28
  -28
  -30
  -31
  -33
  -34
  -36
  -38
  -40
  -42
  -43
  -46
  -48
  -51
Free cash flow, $m
  21
  38
  39
  40
  41
  42
  44
  45
  47
  49
  51
  51
  54
  56
  58
  61
  63
  66
  69
  72
  75
  79
  83
  86
  91
  95
  99
  104
  109
  114
  120
Issuance/(repayment) of debt, $m
  0
  3
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  15
  16
Issuance/(repurchase) of shares, $m
  -25
  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  
  -25
  3
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  15
  16
Total cash flow (excl. dividends), $m
  -4
  41
  42
  44
  45
  47
  48
  50
  52
  54
  56
  57
  60
  62
  65
  68
  71
  74
  78
  81
  85
  89
  93
  98
  103
  108
  113
  118
  124
  130
  136
Retained Cash Flow (-), $m
  -7
  -4
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
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
 
  3
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  4
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
Cash available for distribution, $m
 
  37
  38
  39
  40
  41
  42
  43
  45
  46
  48
  49
  51
  53
  55
  57
  60
  62
  65
  68
  71
  74
  78
  82
  85
  89
  94
  98
  103
  108
  113
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
 
  36
  34
  34
  33
  32
  30
  29
  28
  27
  25
  23
  22
  20
  18
  17
  15
  14
  12
  10
  9
  8
  6
  5
  4
  3
  3
  2
  2
  1
  1
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

CorVel Corporation (Corvel) is a provider of workers' compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers. The Company offers its services as a bundled solution, which includes claims management, as a standalone service, or as add-on services to existing customers. The Company's network solutions include bill review, preferred provider organization (PPO) management, professional review, provider reimbursement, pharmacy services, directed care services, medicare solutions and clearinghouse services. The Company's patient management services include claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, life care planning, disability management, liability claims management and auto claims management.

FINANCIAL RATIOS  of  Corvel (CRVL)

Valuation Ratios
P/E Ratio 36.2
Price to Sales 2
Price to Book 7.5
Price to Tangible Book
Price to Cash Flow 20.2
Price to Free Cash Flow 50
Growth Rates
Sales Growth Rate 3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 82.4%
Cap. Spend. - 3 Yr. Gr. Rate 11.5%
Financial Strength
Quick Ratio NaN
Current Ratio 0.4
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 12.7%
Ret/ On Assets - 3 Yr. Avg. 13.3%
Return On Total Capital 21.4%
Ret/ On T. Cap. - 3 Yr. Avg. 22.2%
Return On Equity 21.4%
Return On Equity - 3 Yr. Avg. 22.2%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 20.2%
Gross Margin - 3 Yr. Avg. 20.4%
EBITDA Margin 13.3%
EBITDA Margin - 3 Yr. Avg. 13.1%
Operating Margin 9.2%
Oper. Margin - 3 Yr. Avg. 9.2%
Pre-Tax Margin 9.2%
Pre-Tax Margin - 3 Yr. Avg. 9.2%
Net Profit Margin 5.6%
Net Profit Margin - 3 Yr. Avg. 5.7%
Effective Tax Rate 39.6%
Eff/ Tax Rate - 3 Yr. Avg. 37.8%
Payout Ratio 0%

CRVL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CRVL stock intrinsic value calculation we used $519 million for the last fiscal year's total revenue generated by Corvel. The default revenue input number comes from 2017 income statement of Corvel. 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 CRVL stock valuation model: a) initial revenue growth rate of 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 CRVL is calculated based on our internal credit rating of Corvel, 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 Corvel.
    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 CRVL stock the variable cost ratio is equal to 90%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $4 million in the base year in the intrinsic value calculation for CRVL 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 5.4% for Corvel.

Corporate tax rate of 27% is the nominal tax rate for Corvel. 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 CRVL stock is equal to 0.5%.

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 CRVL are equal to 19.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Corvel 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 CRVL is equal to -3.2%. 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 - $139 million for Corvel - 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 19 million for Corvel 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 Corvel at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
INFU InfuSystems Ho 3.30 0.52  str.sell
PINC Premier 37.34 185.18  str.buy
AJG Arthur J. Gall 70.30 104.52  str.buy
CYAD Celyad ADR 29.66 1.22  str.sell
UNH UnitedHealth G 252.93 401.67  str.buy

COMPANY NEWS

▶ CorVel Announces Quarterly Earnings Release Webcast   [Jul-17-18 05:20PM  GlobeNewswire]
▶ CorVel: Fiscal 4Q Earnings Snapshot   [06:35AM  Associated Press]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel posts 3Q profit   [06:23AM  Associated Press]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel Announces Quarterly Earnings Release Webcast   [Jan-19-18 01:31PM  GlobeNewswire]
▶ What Is CorVel Corporations (NASDAQ:CRVL) Financial Position?   [Dec-26-17 07:45PM  Simply Wall St.]
▶ ETFs with exposure to CorVel Corp. : December 19, 2017   [Dec-19-17 12:35PM  Capital Cube]
▶ CorVel Successfully Implements CareMC Edge   [Dec-04-17 08:00AM  GlobeNewswire]
▶ CorVel posts 2Q profit   [Oct-31-17 06:16AM  Associated Press]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel Announces Quarterly Earnings Release Webcast   [Oct-20-17 06:25PM  GlobeNewswire]
▶ CorVel Launches Automated Processing and Payment Platform   [Oct-09-17 07:00AM  GlobeNewswire]
▶ ETFs with exposure to CorVel Corp. : September 26, 2017   [Sep-26-17 10:47AM  Capital Cube]
▶ CorVel posts 1Q profit   [Aug-01-17 10:58PM  Associated Press]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel Announces Earnings Release Webcast   [Jul-26-17 11:08PM  GlobeNewswire]
▶ CorVel Releases Advanced Claims Management Workstation   [Jul-18-17 08:00AM  GlobeNewswire]
▶ ETFs with exposure to CorVel Corp. : July 5, 2017   [Jul-05-17 12:36PM  Capital Cube]
▶ ETFs with exposure to CorVel Corp. : June 19, 2017   [Jun-19-17 03:08PM  Capital Cube]
▶ CorVel posts 4Q profit   [06:38AM  Associated Press]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ ETFs with exposure to CorVel Corp. : May 31, 2017   [May-31-17 12:27PM  Capital Cube]
▶ CorVel Announces Fiscal Earnings Release Webcast   [May-18-17 06:35PM  GlobeNewswire]
▶ CorVel Announces Expansion of Stock Repurchase Program   [Feb-07-17 05:06PM  GlobeNewswire]
▶ CorVel posts 3Q profit   [06:20AM  Associated Press]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel Announces Quarterly Earnings Release Webcast   [Jan-17-17 05:20PM  GlobeNewswire]
▶ Is CorVel Corporation (CRVL) A Good Stock To Buy?   [Dec-10-16 09:34PM  Insider Monkey]
▶ Is CorVel Corporation (CRVL) A Good Stock To Buy?   [09:34PM  at Insider Monkey]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel Announces Quarterly Earnings Release Webcast   [Oct-20-16 05:27PM  GlobeNewswire]
▶ CorVel Announces Revenues and Earnings   [06:15AM  GlobeNewswire]
▶ CorVel Announces Earnings Release Webcast   [Jul-26-16 03:37PM  GlobeNewswire]
▶ Opening Bell, June 29, 2016   [Jun-29-16 09:29AM  CNBC Videos]
Financial statements of CRVL
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

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.