Intrinsic value of Caesarstone - CSTE

Previous Close

$28.85

  Intrinsic Value

$31.98

stock screener

  Rating & Target

hold

+11%

  Value-price divergence*

-1%

Previous close

$28.85

 
Intrinsic value

$31.98

 
Up/down potential

+11%

 
Rating

hold

 
Value-price divergence*

-1%

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

We calculate the intrinsic value of CSTE 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 1.0

 

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, %
  7.80
  16.20
  15.08
  14.07
  13.16
  12.35
  11.61
  10.95
  10.36
  9.82
  9.34
  8.91
  8.51
  8.16
  7.85
  7.56
  7.31
  7.08
  6.87
  6.68
  6.51
  6.36
  6.23
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.59
  5.53
Revenue, $m
  539
  626
  721
  822
  930
  1,045
  1,167
  1,295
  1,429
  1,569
  1,715
  1,868
  2,027
  2,193
  2,365
  2,544
  2,729
  2,923
  3,123
  3,332
  3,549
  3,775
  4,010
  4,254
  4,509
  4,775
  5,052
  5,341
  5,643
  5,959
  6,288
Variable operating expenses, $m
 
  504
  579
  660
  746
  838
  935
  1,037
  1,144
  1,256
  1,373
  1,491
  1,618
  1,750
  1,888
  2,031
  2,179
  2,333
  2,493
  2,660
  2,833
  3,013
  3,201
  3,396
  3,600
  3,812
  4,033
  4,264
  4,505
  4,757
  5,020
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
  446
  504
  579
  660
  746
  838
  935
  1,037
  1,144
  1,256
  1,373
  1,491
  1,618
  1,750
  1,888
  2,031
  2,179
  2,333
  2,493
  2,660
  2,833
  3,013
  3,201
  3,396
  3,600
  3,812
  4,033
  4,264
  4,505
  4,757
  5,020
Operating income, $m
  93
  123
  142
  162
  184
  207
  232
  257
  285
  313
  342
  377
  409
  442
  477
  513
  550
  589
  630
  672
  716
  761
  809
  858
  909
  963
  1,019
  1,077
  1,138
  1,202
  1,268
EBITDA, $m
  121
  153
  176
  201
  227
  256
  285
  316
  349
  384
  419
  457
  496
  536
  578
  622
  667
  715
  764
  815
  868
  923
  980
  1,040
  1,102
  1,167
  1,235
  1,306
  1,380
  1,457
  1,537
Interest expense (income), $m
  0
  0
  1
  2
  3
  4
  5
  6
  7
  8
  10
  11
  12
  14
  15
  17
  18
  20
  22
  23
  25
  27
  29
  31
  34
  36
  38
  41
  43
  46
  49
Earnings before tax, $m
  89
  122
  141
  160
  181
  203
  227
  252
  277
  305
  333
  366
  397
  429
  462
  496
  532
  570
  608
  649
  690
  734
  779
  827
  876
  927
  981
  1,037
  1,095
  1,156
  1,219
Tax expense, $m
  13
  33
  38
  43
  49
  55
  61
  68
  75
  82
  90
  99
  107
  116
  125
  134
  144
  154
  164
  175
  186
  198
  210
  223
  236
  250
  265
  280
  296
  312
  329
Net income, $m
  75
  89
  103
  117
  132
  149
  166
  184
  203
  222
  243
  267
  290
  313
  337
  362
  389
  416
  444
  473
  504
  536
  569
  603
  639
  677
  716
  757
  799
  844
  890

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  106
  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
  585
  557
  641
  731
  827
  929
  1,037
  1,151
  1,270
  1,395
  1,525
  1,661
  1,802
  1,949
  2,102
  2,261
  2,426
  2,598
  2,776
  2,962
  3,155
  3,355
  3,564
  3,782
  4,008
  4,245
  4,491
  4,748
  5,016
  5,297
  5,589
Adjusted assets (=assets-cash), $m
  479
  557
  641
  731
  827
  929
  1,037
  1,151
  1,270
  1,395
  1,525
  1,661
  1,802
  1,949
  2,102
  2,261
  2,426
  2,598
  2,776
  2,962
  3,155
  3,355
  3,564
  3,782
  4,008
  4,245
  4,491
  4,748
  5,016
  5,297
  5,589
Revenue / Adjusted assets
  1.125
  1.124
  1.125
  1.124
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
  1.125
Average production assets, $m
  231
  268
  308
  352
  398
  447
  499
  554
  611
  671
  734
  800
  868
  938
  1,012
  1,089
  1,168
  1,251
  1,337
  1,426
  1,519
  1,616
  1,716
  1,821
  1,930
  2,044
  2,162
  2,286
  2,415
  2,550
  2,691
Working capital, $m
  217
  140
  161
  183
  207
  233
  260
  289
  319
  350
  383
  417
  452
  489
  527
  567
  609
  652
  696
  743
  791
  842
  894
  949
  1,006
  1,065
  1,127
  1,191
  1,258
  1,329
  1,402
Total debt, $m
  17
  30
  55
  80
  108
  138
  169
  201
  236
  272
  309
  348
  389
  431
  475
  521
  569
  618
  670
  723
  779
  836
  896
  959
  1,024
  1,092
  1,163
  1,237
  1,315
  1,395
  1,480
Total liabilities, $m
  147
  160
  185
  210
  238
  268
  299
  331
  366
  402
  439
  478
  519
  561
  605
  651
  699
  748
  800
  853
  909
  966
  1,026
  1,089
  1,154
  1,222
  1,293
  1,367
  1,445
  1,525
  1,610
Total equity, $m
  438
  396
  456
  520
  589
  662
  738
  819
  904
  993
  1,086
  1,182
  1,283
  1,388
  1,497
  1,610
  1,727
  1,850
  1,977
  2,109
  2,246
  2,389
  2,538
  2,693
  2,854
  3,022
  3,198
  3,381
  3,572
  3,771
  3,980
Total liabilities and equity, $m
  585
  556
  641
  730
  827
  930
  1,037
  1,150
  1,270
  1,395
  1,525
  1,660
  1,802
  1,949
  2,102
  2,261
  2,426
  2,598
  2,777
  2,962
  3,155
  3,355
  3,564
  3,782
  4,008
  4,244
  4,491
  4,748
  5,017
  5,296
  5,590
Debt-to-equity ratio
  0.039
  0.080
  0.120
  0.150
  0.180
  0.210
  0.230
  0.250
  0.260
  0.270
  0.280
  0.290
  0.300
  0.310
  0.320
  0.320
  0.330
  0.330
  0.340
  0.340
  0.350
  0.350
  0.350
  0.360
  0.360
  0.360
  0.360
  0.370
  0.370
  0.370
  0.370
Adjusted equity ratio
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712
  0.712

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  75
  89
  103
  117
  132
  149
  166
  184
  203
  222
  243
  267
  290
  313
  337
  362
  389
  416
  444
  473
  504
  536
  569
  603
  639
  677
  716
  757
  799
  844
  890
Depreciation, amort., depletion, $m
  28
  30
  34
  39
  43
  48
  54
  59
  65
  71
  77
  80
  87
  94
  101
  109
  117
  125
  134
  143
  152
  162
  172
  182
  193
  204
  216
  229
  242
  255
  269
Funds from operations, $m
  91
  120
  137
  156
  176
  197
  219
  243
  267
  293
  320
  347
  376
  407
  438
  471
  505
  541
  578
  616
  656
  697
  741
  786
  832
  881
  932
  985
  1,041
  1,099
  1,159
Change in working capital, $m
  -11
  19
  21
  23
  24
  26
  27
  28
  30
  31
  33
  34
  35
  37
  38
  40
  41
  43
  45
  47
  48
  50
  52
  55
  57
  59
  62
  64
  67
  70
  73
Cash from operations, $m
  102
  100
  116
  133
  152
  171
  192
  214
  237
  262
  287
  313
  341
  370
  400
  431
  464
  498
  533
  570
  608
  647
  688
  731
  776
  822
  870
  921
  973
  1,028
  1,086
Maintenance CAPEX, $m
  0
  -23
  -27
  -31
  -35
  -40
  -45
  -50
  -55
  -61
  -67
  -73
  -80
  -87
  -94
  -101
  -109
  -117
  -125
  -134
  -143
  -152
  -162
  -172
  -182
  -193
  -204
  -216
  -229
  -242
  -255
New CAPEX, $m
  -23
  -38
  -40
  -43
  -46
  -49
  -52
  -55
  -57
  -60
  -63
  -65
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -89
  -93
  -97
  -101
  -105
  -109
  -114
  -119
  -124
  -129
  -135
  -141
Cash from investing activities, $m
  -23
  -61
  -67
  -74
  -81
  -89
  -97
  -105
  -112
  -121
  -130
  -138
  -148
  -158
  -168
  -178
  -189
  -200
  -211
  -223
  -236
  -249
  -263
  -277
  -291
  -307
  -323
  -340
  -358
  -377
  -396
Free cash flow, $m
  79
  40
  49
  59
  70
  82
  95
  110
  125
  141
  157
  174
  193
  212
  232
  254
  276
  298
  322
  347
  372
  399
  426
  455
  484
  515
  547
  581
  616
  652
  690
Issuance/(repayment) of debt, $m
  4
  22
  24
  26
  28
  29
  31
  33
  34
  36
  38
  39
  41
  42
  44
  46
  48
  49
  51
  53
  56
  58
  60
  63
  65
  68
  71
  74
  77
  81
  84
Issuance/(repurchase) of shares, $m
  -39
  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  
  -36
  22
  24
  26
  28
  29
  31
  33
  34
  36
  38
  39
  41
  42
  44
  46
  48
  49
  51
  53
  56
  58
  60
  63
  65
  68
  71
  74
  77
  81
  84
Total cash flow (excl. dividends), $m
  44
  62
  73
  85
  98
  112
  126
  142
  159
  177
  195
  213
  234
  255
  277
  299
  323
  348
  373
  400
  428
  456
  486
  517
  550
  583
  618
  655
  693
  733
  774
Retained Cash Flow (-), $m
  -38
  -55
  -60
  -64
  -69
  -73
  -77
  -81
  -85
  -89
  -93
  -97
  -101
  -105
  -109
  -113
  -118
  -122
  -127
  -132
  -137
  -143
  -149
  -155
  -161
  -168
  -175
  -183
  -191
  -200
  -208
Prev. year cash balance distribution, $m
 
  97
  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
 
  104
  13
  21
  29
  39
  50
  61
  74
  88
  102
  117
  133
  150
  168
  186
  205
  226
  246
  268
  290
  313
  337
  362
  388
  415
  443
  472
  502
  533
  566
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
 
  99
  12
  18
  24
  30
  36
  41
  46
  50
  54
  55
  57
  57
  56
  55
  52
  49
  45
  41
  37
  32
  28
  24
  20
  16
  13
  10
  8
  6
  4
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

Caesarstone Ltd., together with its subsidiaries, manufactures and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company’s products are engineered quartz slabs, which are used as kitchen countertops in the renovation and remodeling, and residential construction end markets, as well as other applications, including vanity tops, wall panels, back splashes, floor tiles, stair, and other interior surfaces that are used in various residential and non-residential applications. It sells its products directly to fabricators, sub-distributors, and resellers; and indirectly through a network of independent distributors. The company was formerly known as Caesarstone Sdot-Yam Ltd. and changed its name to Caesarstone Ltd. in June 2016. The company was founded in 1987 and is headquartered in MP Menashe, Israel. Caesarstone Ltd. is a subsidiary of Cede & Co.

FINANCIAL RATIOS  of  Caesarstone (CSTE)

Valuation Ratios
P/E Ratio 13.2
Price to Sales 1.8
Price to Book 2.3
Price to Tangible Book
Price to Cash Flow 9.7
Price to Free Cash Flow 12.5
Growth Rates
Sales Growth Rate 7.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -70.1%
Cap. Spend. - 3 Yr. Gr. Rate -3.2%
Financial Strength
Quick Ratio 12
Current Ratio 0.2
LT Debt to Equity 1.8%
Total Debt to Equity 3.9%
Interest Coverage 0
Management Effectiveness
Return On Assets 13.5%
Ret/ On Assets - 3 Yr. Avg. 16.2%
Return On Total Capital 17.3%
Ret/ On T. Cap. - 3 Yr. Avg. 21.2%
Return On Equity 17.9%
Return On Equity - 3 Yr. Avg. 22%
Asset Turnover 1
Profitability Ratios
Gross Margin 39.3%
Gross Margin - 3 Yr. Avg. 40.6%
EBITDA Margin 21.7%
EBITDA Margin - 3 Yr. Avg. 23.2%
Operating Margin 17.3%
Oper. Margin - 3 Yr. Avg. 19.3%
Pre-Tax Margin 16.5%
Pre-Tax Margin - 3 Yr. Avg. 18.7%
Net Profit Margin 13.9%
Net Profit Margin - 3 Yr. Avg. 15.7%
Effective Tax Rate 14.6%
Eff/ Tax Rate - 3 Yr. Avg. 14.9%
Payout Ratio 0%

CSTE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CSTE stock intrinsic value calculation we used $539 million for the last fiscal year's total revenue generated by Caesarstone. The default revenue input number comes from 2016 income statement of Caesarstone. 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 CSTE stock valuation model: a) initial revenue growth rate of 16.2% 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 CSTE is calculated based on our internal credit rating of Caesarstone, 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 Caesarstone.
    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 CSTE 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 CSTE 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 Caesarstone.

Corporate tax rate of 27% is the nominal tax rate for Caesarstone. 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 CSTE 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 CSTE are equal to 42.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Caesarstone 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 CSTE is equal to 22.3%. 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 - $438 million for Caesarstone - 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 33.973 million for Caesarstone 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 Caesarstone at the current share price and the inputted number of shares is $1.0 billion.

RELATED COMPANIES Price Int.Val. Rating
FBHS Fortune Brands 62.82 75.79  hold
AMWD American Woodm 93.55 257.94  str.buy
MAS Masco 36.53 14.38  str.sell
PATK Patrick Indust 68.95 97.26  buy

COMPANY NEWS

▶ Ron Baron Cuts Stake in Company With Declining Earnings   [Aug-10-17 07:19PM  GuruFocus.com]
▶ CaesarStone posts 2Q profit   [Aug-02-17 09:21PM  Associated Press]
▶ Caesarstone Reports Second Quarter Results   [06:30AM  Business Wire]
▶ Caesarstone Announces Date for Second Quarter 2017 Results   [Jul-19-17 08:30AM  Business Wire]
▶ 3 Stocks Wall Street Hasn't Noticed   [Jun-17-17 07:32AM  Motley Fool]
▶ ETFs with exposure to Caesarstone Ltd. : June 8, 2017   [Jun-08-17 01:31PM  Capital Cube]
▶ New Strong Sell Stocks for June 2nd   [Jun-02-17 08:06AM  Zacks]
▶ Caesarstone Returns to Growth in the U.S. Market   [May-10-17 09:09PM  Motley Fool]
▶ CaesarStone posts 1Q profit   [06:38AM  Associated Press]
▶ Caesarstone Announces Date for First Quarter 2017 Results   [Apr-19-17 08:30AM  Business Wire]
▶ 3 Stocks We Like More Than Kinder Morgan Inc.   [Feb-18-17 01:30PM  Motley Fool]
▶ 3 Stocks We Like More Than Kinder Morgan Inc.   [01:30PM  at Motley Fool]
▶ Why Caesarstone Ltd.'s Shares Popped 15.5% on Wednesday   [Feb-08-17 01:11PM  Motley Fool]
▶ CaesarStone posts 4Q profit   [06:52AM  Associated Press]
▶ 3 Bargain Stocks You Can Buy Today   [Jan-25-17 07:17PM  at Motley Fool]
▶ Is Caesarstone Ltd (CSTE) Poised for a Rebound?   [Dec-10-16 10:05PM  at Insider Monkey]
▶ Why Caesarstone Sdot-Yam Ltd's Shares Plunged 21% Today   [Nov-02-16 01:31PM  at Motley Fool]
▶ Caesarstone Reports Third Quarter Results   [06:30AM  Business Wire]
▶ What Happened in the Stock Market Today   [Sep-12-16 05:06PM  at Motley Fool]
▶ [$$] Sharing the Wealth   [Sep-10-16 12:01AM  at Barrons.com]
▶ Caesarstone Reports Record Quarter Results   [06:30AM  Business Wire]
▶ Caesarstone Announces Date for Second Quarter 2016 Results   [Jul-20-16 08:30AM  Business Wire]
Stock chart of CSTE Financial statements of CSTE
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.