Intrinsic value of Cenveo - CVO

Previous Close

$5.61

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$5.61

 
Intrinsic value

$15.67

 
Up/down potential

+179%

 
Rating

str. buy

 
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 CVO 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 0.0

 

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, %
  -4.71
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,660
  1,693
  1,732
  1,777
  1,827
  1,882
  1,943
  2,009
  2,081
  2,158
  2,241
  2,329
  2,424
  2,524
  2,631
  2,745
  2,865
  2,992
  3,127
  3,269
  3,420
  3,578
  3,745
  3,921
  4,107
  4,303
  4,508
  4,725
  4,953
  5,193
  5,445
Variable operating expenses, $m
 
  1,612
  1,648
  1,690
  1,737
  1,789
  1,847
  1,909
  1,976
  2,049
  2,127
  2,193
  2,282
  2,377
  2,477
  2,584
  2,697
  2,817
  2,944
  3,078
  3,219
  3,369
  3,526
  3,692
  3,867
  4,051
  4,244
  4,448
  4,663
  4,889
  5,126
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
  1,501
  1,612
  1,648
  1,690
  1,737
  1,789
  1,847
  1,909
  1,976
  2,049
  2,127
  2,193
  2,282
  2,377
  2,477
  2,584
  2,697
  2,817
  2,944
  3,078
  3,219
  3,369
  3,526
  3,692
  3,867
  4,051
  4,244
  4,448
  4,663
  4,889
  5,126
Operating income, $m
  159
  82
  84
  87
  89
  93
  96
  100
  104
  109
  114
  136
  142
  148
  154
  161
  168
  175
  183
  191
  200
  209
  219
  230
  240
  252
  264
  277
  290
  304
  319
EBITDA, $m
  206
  131
  134
  137
  141
  145
  150
  155
  161
  167
  173
  180
  187
  195
  203
  212
  221
  231
  241
  252
  264
  276
  289
  303
  317
  332
  348
  365
  382
  401
  420
Interest expense (income), $m
  79
  72
  25
  26
  28
  29
  31
  34
  36
  38
  41
  44
  47
  50
  54
  58
  62
  66
  70
  75
  80
  85
  91
  96
  103
  109
  116
  123
  131
  139
  147
Earnings before tax, $m
  75
  10
  59
  60
  62
  63
  65
  67
  68
  70
  73
  92
  95
  97
  100
  103
  106
  109
  113
  116
  120
  124
  129
  133
  138
  143
  148
  153
  159
  165
  172
Tax expense, $m
  4
  3
  16
  16
  17
  17
  17
  18
  18
  19
  20
  25
  26
  26
  27
  28
  29
  30
  30
  31
  32
  34
  35
  36
  37
  39
  40
  41
  43
  45
  46
Net income, $m
  68
  7
  43
  44
  45
  46
  47
  49
  50
  51
  53
  67
  69
  71
  73
  75
  78
  80
  82
  85
  88
  91
  94
  97
  101
  104
  108
  112
  116
  121
  125

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  6
  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
  913
  925
  947
  971
  998
  1,028
  1,062
  1,098
  1,137
  1,179
  1,224
  1,273
  1,324
  1,379
  1,438
  1,500
  1,566
  1,635
  1,709
  1,786
  1,869
  1,955
  2,047
  2,143
  2,244
  2,351
  2,464
  2,582
  2,707
  2,838
  2,976
Adjusted assets (=assets-cash), $m
  907
  925
  947
  971
  998
  1,028
  1,062
  1,098
  1,137
  1,179
  1,224
  1,273
  1,324
  1,379
  1,438
  1,500
  1,566
  1,635
  1,709
  1,786
  1,869
  1,955
  2,047
  2,143
  2,244
  2,351
  2,464
  2,582
  2,707
  2,838
  2,976
Revenue / Adjusted assets
  1.830
  1.830
  1.829
  1.830
  1.831
  1.831
  1.830
  1.830
  1.830
  1.830
  1.831
  1.830
  1.831
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
  1.830
Average production assets, $m
  337
  344
  352
  361
  371
  382
  394
  408
  422
  438
  455
  473
  492
  512
  534
  557
  582
  607
  635
  664
  694
  726
  760
  796
  834
  873
  915
  959
  1,005
  1,054
  1,105
Working capital, $m
  68
  97
  99
  101
  104
  107
  111
  115
  119
  123
  128
  133
  138
  144
  150
  156
  163
  171
  178
  186
  195
  204
  213
  224
  234
  245
  257
  269
  282
  296
  310
Total debt, $m
  1,019
  350
  369
  391
  415
  443
  472
  505
  540
  578
  619
  662
  709
  758
  811
  867
  926
  989
  1,055
  1,125
  1,199
  1,277
  1,359
  1,446
  1,537
  1,633
  1,734
  1,841
  1,953
  2,071
  2,195
Total liabilities, $m
  1,502
  833
  852
  874
  898
  926
  955
  988
  1,023
  1,061
  1,102
  1,145
  1,192
  1,241
  1,294
  1,350
  1,409
  1,472
  1,538
  1,608
  1,682
  1,760
  1,842
  1,929
  2,020
  2,116
  2,217
  2,324
  2,436
  2,554
  2,678
Total equity, $m
  -589
  93
  95
  97
  100
  103
  106
  110
  114
  118
  122
  127
  132
  138
  144
  150
  157
  164
  171
  179
  187
  196
  205
  214
  224
  235
  246
  258
  271
  284
  298
Total liabilities and equity, $m
  913
  926
  947
  971
  998
  1,029
  1,061
  1,098
  1,137
  1,179
  1,224
  1,272
  1,324
  1,379
  1,438
  1,500
  1,566
  1,636
  1,709
  1,787
  1,869
  1,956
  2,047
  2,143
  2,244
  2,351
  2,463
  2,582
  2,707
  2,838
  2,976
Debt-to-equity ratio
  -1.730
  3.780
  3.900
  4.020
  4.160
  4.300
  4.450
  4.600
  4.750
  4.900
  5.050
  5.210
  5.350
  5.500
  5.640
  5.780
  5.910
  6.050
  6.170
  6.300
  6.420
  6.530
  6.640
  6.750
  6.850
  6.950
  7.040
  7.130
  7.220
  7.300
  7.380
Adjusted equity ratio
  -0.656
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  68
  7
  43
  44
  45
  46
  47
  49
  50
  51
  53
  67
  69
  71
  73
  75
  78
  80
  82
  85
  88
  91
  94
  97
  101
  104
  108
  112
  116
  121
  125
Depreciation, amort., depletion, $m
  47
  49
  50
  51
  52
  53
  54
  55
  56
  58
  59
  43
  45
  47
  49
  51
  53
  56
  58
  61
  64
  67
  70
  73
  76
  80
  84
  88
  92
  97
  101
Funds from operations, $m
  38
  56
  93
  95
  97
  99
  101
  104
  106
  109
  112
  111
  114
  118
  122
  126
  131
  136
  141
  146
  152
  157
  164
  170
  177
  184
  192
  200
  209
  217
  227
Change in working capital, $m
  -1
  2
  2
  3
  3
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  14
  14
Cash from operations, $m
  39
  49
  91
  92
  94
  96
  98
  100
  102
  105
  108
  106
  109
  112
  116
  120
  124
  128
  133
  138
  143
  148
  154
  160
  167
  173
  180
  188
  196
  204
  212
Maintenance CAPEX, $m
  0
  -31
  -32
  -32
  -33
  -34
  -35
  -36
  -37
  -39
  -40
  -42
  -43
  -45
  -47
  -49
  -51
  -53
  -56
  -58
  -61
  -64
  -67
  -70
  -73
  -76
  -80
  -84
  -88
  -92
  -97
New CAPEX, $m
  -41
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -15
  -16
  -17
  -18
  -19
  -20
  -22
  -23
  -24
  -26
  -27
  -29
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -46
  -49
  -51
Cash from investing activities, $m
  65
  -38
  -40
  -41
  -43
  -45
  -47
  -49
  -52
  -55
  -57
  -60
  -62
  -65
  -69
  -72
  -75
  -79
  -83
  -87
  -91
  -96
  -101
  -106
  -111
  -116
  -122
  -128
  -134
  -141
  -148
Free cash flow, $m
  104
  12
  51
  51
  50
  50
  50
  50
  50
  50
  51
  46
  46
  47
  47
  48
  48
  49
  50
  51
  52
  53
  54
  55
  56
  57
  58
  60
  61
  63
  64
Issuance/(repayment) of debt, $m
  -97
  -663
  19
  22
  25
  27
  30
  33
  35
  38
  41
  44
  46
  49
  53
  56
  59
  63
  66
  70
  74
  78
  82
  87
  91
  96
  101
  107
  112
  118
  124
Issuance/(repurchase) of shares, $m
  0
  1,333
  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  
  -109
  670
  19
  22
  25
  27
  30
  33
  35
  38
  41
  44
  46
  49
  53
  56
  59
  63
  66
  70
  74
  78
  82
  87
  91
  96
  101
  107
  112
  118
  124
Total cash flow (excl. dividends), $m
  -5
  -652
  70
  73
  75
  77
  80
  83
  85
  88
  91
  90
  93
  96
  100
  104
  108
  112
  116
  121
  125
  130
  136
  141
  147
  153
  160
  166
  173
  181
  189
Retained Cash Flow (-), $m
  -81
  -682
  -2
  -2
  -3
  -3
  -3
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
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
 
  0
  68
  70
  72
  74
  77
  79
  81
  84
  87
  85
  88
  91
  94
  97
  101
  105
  109
  113
  117
  122
  127
  132
  137
  142
  148
  154
  161
  168
  175
Discount rate, %
 
  15.50
  16.28
  17.09
  17.94
  18.84
  19.78
  20.77
  21.81
  22.90
  24.05
  25.25
  26.51
  27.84
  29.23
  30.69
  32.22
  33.83
  35.53
  37.30
  39.17
  41.13
  43.18
  45.34
  47.61
  49.99
  52.49
  55.11
  57.87
  60.76
  63.80
PV of cash for distribution, $m
 
  0
  50
  44
  37
  31
  26
  21
  17
  13
  10
  7
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Cenveo, Inc. provides print related products in the United States and internationally. It operates through three segments: Envelope, Print, and Label. The Envelope segment offers direct mail products and transactional envelopes for billing and remittance used in financial institutions, insurance companies, and telecommunications companies; and specialty and stock envelopes for the office product markets and office product superstores. The Print segment provides print products comprising car brochures, annual reports, direct mail products, advertising literature, corporate identity materials, and brand marketing materials; and content management services, such as editing, content processing, content management, electronic peer review, production, distribution, and reprint marketing services. This segment primarily serves customers in consumer products, automotive, travel and leisure, and telecommunications industries. The Label segment offers custom labels for manufacturing, warehousing, packaging, food and beverage, and health and beauty industries; direct mail and overnight packaging labels, food and beverage labels, and shelf and scale labels for national and regional customers; and pressure-sensitive prescription labels for the retail pharmacy chain market. Cenveo, Inc. was founded in 1993 and is headquartered in Stamford, Connecticut.

FINANCIAL RATIOS  of  Cenveo (CVO)

Valuation Ratios
P/E Ratio 0.7
Price to Sales 0
Price to Book -0.1
Price to Tangible Book
Price to Cash Flow 1.2
Price to Free Cash Flow -24
Growth Rates
Sales Growth Rate -4.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 57.7%
Cap. Spend. - 3 Yr. Gr. Rate 11.3%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity -167.6%
Total Debt to Equity -173%
Interest Coverage 2
Management Effectiveness
Return On Assets 14.3%
Ret/ On Assets - 3 Yr. Avg. 1.5%
Return On Total Capital 14%
Ret/ On T. Cap. - 3 Yr. Avg. -1.6%
Return On Equity -10.8%
Return On Equity - 3 Yr. Avg. 2.9%
Asset Turnover 1.7
Profitability Ratios
Gross Margin 16.4%
Gross Margin - 3 Yr. Avg. 16.2%
EBITDA Margin 12.1%
EBITDA Margin - 3 Yr. Avg. 4%
Operating Margin 9.6%
Oper. Margin - 3 Yr. Avg. 5.1%
Pre-Tax Margin 4.5%
Pre-Tax Margin - 3 Yr. Avg. -0.5%
Net Profit Margin 4.1%
Net Profit Margin - 3 Yr. Avg. -0.8%
Effective Tax Rate 5.3%
Eff/ Tax Rate - 3 Yr. Avg. -8.6%
Payout Ratio 0%

CVO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CVO stock intrinsic value calculation we used $1660 million for the last fiscal year's total revenue generated by Cenveo. The default revenue input number comes from 2016 income statement of Cenveo. 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 CVO stock valuation model: a) initial revenue growth rate of 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 15.5%, whose default value for CVO is calculated based on our internal credit rating of Cenveo, 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 Cenveo.
    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 CVO stock the variable cost ratio is equal to 95.2%.

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 CVO 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 7.1% for Cenveo.

Corporate tax rate of 27% is the nominal tax rate for Cenveo. 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 CVO 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 CVO are equal to 20.3%.

Life of production assets of 10.9 years is the average useful life of capital assets used in Cenveo 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 CVO is equal to 5.7%. 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 - $-589 million for Cenveo - 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 8.729 million for Cenveo 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 Cenveo at the current share price and the inputted number of shares is $0.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
EBF Ennis 16.20 prem.  prem.
QUAD Quad/Graphics 22.16 prem.  prem.
RRD R.R. Donnelley 11.99 prem.  prem.
ACCO ACCO Brands 11.25 prem.  prem.
INOD Innodata 1.70 prem.  prem.

COMPANY NEWS

▶ ETFs with exposure to Cenveo, Inc. : May 26, 2017   [May-26-17 01:04PM  Capital Cube]
▶ ETFs with exposure to Cenveo, Inc. : May 15, 2017   [May-15-17 03:33PM  Capital Cube]
▶ ETFs with exposure to Cenveo, Inc. : May 4, 2017   [May-04-17 03:52PM  Capital Cube]
▶ Cenveo reports 1Q loss   [May-03-17 07:27PM  Associated Press]
▶ Cenveo Reports First Quarter 2017 Results   [04:15PM  PR Newswire]
▶ ETFs with exposure to Cenveo, Inc. : April 13, 2017   [Apr-13-17 12:33PM  Capital Cube]
▶ ETFs with exposure to Cenveo, Inc. : March 30, 2017   [Mar-29-17 08:29PM  Capital Cube]
▶ Cenveo reports 4Q loss   [Feb-22-17 06:38PM  Associated Press]
▶ 2 Potential Value Traps to Avoid   [Feb-07-17 02:13PM  GuruFocus.com]
▶ ETFs with exposure to Cenveo, Inc. : January 9, 2017   [Jan-09-17 01:12PM  Capital Cube]
▶ How Cenveo, Inc. (CVO) Stacks Up Against Its Peers   [Dec-19-16 06:12AM  Insider Monkey]
▶ How Cenveo, Inc. (CVO) Stacks Up Against Its Peers   [06:12AM  at Insider Monkey]
▶ Cenveo Reports Third Quarter 2016 Results   [04:16PM  PR Newswire]
▶ Cenveo Announces Reverse Stock Split   [04:30PM  PR Newswire]
▶ CENVEO, INC Files SEC form 8-K, Regulation FD Disclosure   [May-09-16 06:12PM  EDGAR Online]
▶ WestRock Completes Acquisition of Cenveo Packaging   [Jan-20-16 05:24PM  GlobeNewswire]
Stock chart of CVO Financial statements of CVO Annual reports of CVO
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.