Intrinsic value of Dean Foods - DF

Previous Close

$11.79

  Intrinsic Value

$3.38

stock screener

  Rating & Target

str. sell

-71%

  Value-price divergence*

+297%

Previous close

$11.79

 
Intrinsic value

$3.38

 
Up/down potential

-71%

 
Rating

str. sell

 
Value-price divergence*

+297%

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

We calculate the intrinsic value of DF 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 1.1

 

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, %
  -5.07
  6.20
  6.08
  5.97
  5.87
  5.79
  5.71
  5.64
  5.57
  5.52
  5.46
  5.42
  5.38
  5.34
  5.31
  5.27
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.06
  5.06
Revenue, $m
  7,710
  8,188
  8,686
  9,205
  9,745
  10,309
  10,898
  11,512
  12,154
  12,824
  13,525
  14,258
  15,025
  15,827
  16,666
  17,546
  18,466
  19,431
  20,441
  21,500
  22,610
  23,773
  24,993
  26,272
  27,614
  29,021
  30,497
  32,045
  33,670
  35,375
  37,163
Variable operating expenses, $m
 
  8,138
  8,632
  9,146
  9,683
  10,242
  10,826
  11,436
  12,072
  12,737
  13,432
  14,144
  14,905
  15,700
  16,533
  17,405
  18,318
  19,275
  20,277
  21,328
  22,429
  23,583
  24,793
  26,062
  27,393
  28,789
  30,253
  31,789
  33,401
  35,092
  36,866
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
  7,447
  8,138
  8,632
  9,146
  9,683
  10,242
  10,826
  11,436
  12,072
  12,737
  13,432
  14,144
  14,905
  15,700
  16,533
  17,405
  18,318
  19,275
  20,277
  21,328
  22,429
  23,583
  24,793
  26,062
  27,393
  28,789
  30,253
  31,789
  33,401
  35,092
  36,866
Operating income, $m
  264
  50
  54
  58
  63
  67
  72
  77
  82
  87
  93
  114
  120
  127
  133
  140
  148
  155
  163
  172
  181
  190
  200
  210
  221
  232
  244
  256
  269
  283
  297
EBITDA, $m
  442
  142
  151
  160
  170
  179
  190
  200
  211
  223
  235
  248
  261
  275
  290
  305
  321
  338
  356
  374
  393
  414
  435
  457
  480
  505
  531
  558
  586
  615
  647
Interest expense (income), $m
  61
  62
  70
  79
  89
  99
  109
  120
  131
  143
  155
  168
  181
  195
  209
  225
  241
  258
  275
  293
  313
  333
  354
  376
  400
  424
  450
  477
  505
  534
  565
Earnings before tax, $m
  203
  -12
  -16
  -21
  -26
  -32
  -37
  -43
  -49
  -55
  -62
  -54
  -61
  -68
  -76
  -84
  -93
  -102
  -112
  -122
  -132
  -143
  -154
  -166
  -179
  -192
  -206
  -220
  -235
  -251
  -268
Tax expense, $m
  82
  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
Net income, $m
  120
  -12
  -16
  -21
  -26
  -32
  -37
  -43
  -49
  -55
  -62
  -54
  -61
  -68
  -76
  -84
  -93
  -102
  -112
  -122
  -132
  -143
  -154
  -166
  -179
  -192
  -206
  -220
  -235
  -251
  -268

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  18
  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
  2,606
  2,749
  2,916
  3,090
  3,271
  3,461
  3,658
  3,864
  4,080
  4,305
  4,540
  4,786
  5,044
  5,313
  5,595
  5,890
  6,199
  6,522
  6,862
  7,217
  7,590
  7,980
  8,390
  8,819
  9,269
  9,742
  10,237
  10,757
  11,302
  11,875
  12,475
Adjusted assets (=assets-cash), $m
  2,588
  2,749
  2,916
  3,090
  3,271
  3,461
  3,658
  3,864
  4,080
  4,305
  4,540
  4,786
  5,044
  5,313
  5,595
  5,890
  6,199
  6,522
  6,862
  7,217
  7,590
  7,980
  8,390
  8,819
  9,269
  9,742
  10,237
  10,757
  11,302
  11,875
  12,475
Revenue / Adjusted assets
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
  2.979
Average production assets, $m
  724
  770
  816
  865
  916
  969
  1,024
  1,082
  1,142
  1,205
  1,271
  1,340
  1,412
  1,488
  1,567
  1,649
  1,736
  1,826
  1,921
  2,021
  2,125
  2,235
  2,349
  2,470
  2,596
  2,728
  2,867
  3,012
  3,165
  3,325
  3,493
Working capital, $m
  211
  352
  373
  396
  419
  443
  469
  495
  523
  551
  582
  613
  646
  681
  717
  754
  794
  836
  879
  924
  972
  1,022
  1,075
  1,130
  1,187
  1,248
  1,311
  1,378
  1,448
  1,521
  1,598
Total debt, $m
  886
  991
  1,119
  1,252
  1,390
  1,535
  1,686
  1,843
  2,008
  2,180
  2,360
  2,548
  2,744
  2,950
  3,165
  3,391
  3,627
  3,874
  4,133
  4,405
  4,690
  4,988
  5,301
  5,629
  5,973
  6,334
  6,712
  7,109
  7,526
  7,963
  8,422
Total liabilities, $m
  1,996
  2,100
  2,228
  2,361
  2,499
  2,644
  2,795
  2,952
  3,117
  3,289
  3,469
  3,657
  3,853
  4,059
  4,274
  4,500
  4,736
  4,983
  5,242
  5,514
  5,799
  6,097
  6,410
  6,738
  7,082
  7,443
  7,821
  8,218
  8,635
  9,072
  9,531
Total equity, $m
  611
  649
  688
  729
  772
  817
  863
  912
  963
  1,016
  1,071
  1,130
  1,190
  1,254
  1,320
  1,390
  1,463
  1,539
  1,619
  1,703
  1,791
  1,883
  1,980
  2,081
  2,188
  2,299
  2,416
  2,539
  2,667
  2,802
  2,944
Total liabilities and equity, $m
  2,607
  2,749
  2,916
  3,090
  3,271
  3,461
  3,658
  3,864
  4,080
  4,305
  4,540
  4,787
  5,043
  5,313
  5,594
  5,890
  6,199
  6,522
  6,861
  7,217
  7,590
  7,980
  8,390
  8,819
  9,270
  9,742
  10,237
  10,757
  11,302
  11,874
  12,475
Debt-to-equity ratio
  1.450
  1.530
  1.630
  1.720
  1.800
  1.880
  1.950
  2.020
  2.090
  2.150
  2.200
  2.260
  2.310
  2.350
  2.400
  2.440
  2.480
  2.520
  2.550
  2.590
  2.620
  2.650
  2.680
  2.700
  2.730
  2.750
  2.780
  2.800
  2.820
  2.840
  2.860
Adjusted equity ratio
  0.229
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  120
  -12
  -16
  -21
  -26
  -32
  -37
  -43
  -49
  -55
  -62
  -54
  -61
  -68
  -76
  -84
  -93
  -102
  -112
  -122
  -132
  -143
  -154
  -166
  -179
  -192
  -206
  -220
  -235
  -251
  -268
Depreciation, amort., depletion, $m
  178
  92
  97
  102
  107
  112
  118
  124
  130
  136
  143
  134
  141
  149
  157
  165
  174
  183
  192
  202
  213
  223
  235
  247
  260
  273
  287
  301
  316
  333
  349
Funds from operations, $m
  182
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
  81
Change in working capital, $m
  -75
  21
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  34
  36
  38
  40
  41
  43
  46
  48
  50
  52
  55
  58
  61
  63
  67
  70
  73
  77
Cash from operations, $m
  257
  60
  59
  58
  57
  56
  55
  54
  53
  52
  50
  49
  48
  46
  44
  43
  41
  39
  37
  35
  33
  31
  28
  26
  23
  20
  17
  14
  11
  8
  4
Maintenance CAPEX, $m
  0
  -72
  -77
  -82
  -87
  -92
  -97
  -102
  -108
  -114
  -121
  -127
  -134
  -141
  -149
  -157
  -165
  -174
  -183
  -192
  -202
  -213
  -223
  -235
  -247
  -260
  -273
  -287
  -301
  -316
  -333
New CAPEX, $m
  -145
  -46
  -47
  -49
  -51
  -53
  -55
  -58
  -60
  -63
  -66
  -69
  -72
  -75
  -79
  -83
  -87
  -91
  -95
  -100
  -104
  -109
  -115
  -120
  -126
  -132
  -139
  -146
  -153
  -160
  -168
Cash from investing activities, $m
  -288
  -118
  -124
  -131
  -138
  -145
  -152
  -160
  -168
  -177
  -187
  -196
  -206
  -216
  -228
  -240
  -252
  -265
  -278
  -292
  -306
  -322
  -338
  -355
  -373
  -392
  -412
  -433
  -454
  -476
  -501
Free cash flow, $m
  -31
  -58
  -64
  -72
  -80
  -88
  -97
  -106
  -116
  -126
  -136
  -147
  -159
  -171
  -183
  -197
  -211
  -225
  -241
  -257
  -274
  -291
  -310
  -329
  -350
  -372
  -394
  -418
  -443
  -469
  -496
Issuance/(repayment) of debt, $m
  48
  123
  128
  133
  139
  145
  151
  158
  165
  172
  180
  188
  197
  206
  215
  225
  236
  247
  259
  272
  285
  298
  313
  328
  344
  361
  379
  397
  417
  437
  459
Issuance/(repurchase) of shares, $m
  -26
  49
  56
  62
  69
  76
  84
  92
  100
  109
  118
  112
  121
  132
  143
  154
  166
  179
  192
  205
  220
  235
  251
  268
  285
  303
  323
  343
  364
  386
  410
Cash from financing (excl. dividends), $m  
  23
  172
  184
  195
  208
  221
  235
  250
  265
  281
  298
  300
  318
  338
  358
  379
  402
  426
  451
  477
  505
  533
  564
  596
  629
  664
  702
  740
  781
  823
  869
Total cash flow (excl. dividends), $m
  -10
  114
  119
  123
  128
  133
  138
  143
  149
  155
  161
  152
  160
  167
  175
  183
  192
  201
  210
  220
  231
  242
  254
  266
  279
  293
  307
  322
  338
  355
  372
Retained Cash Flow (-), $m
  -65
  -49
  -56
  -62
  -69
  -76
  -84
  -92
  -100
  -109
  -118
  -112
  -121
  -132
  -143
  -154
  -166
  -179
  -192
  -205
  -220
  -235
  -251
  -268
  -285
  -303
  -323
  -343
  -364
  -386
  -410
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
 
  65
  63
  61
  59
  56
  54
  52
  49
  46
  44
  41
  38
  35
  32
  29
  26
  22
  19
  15
  11
  7
  3
  -1
  -6
  -11
  -16
  -21
  -26
  -32
  -38
Discount rate, %
 
  7.20
  7.56
  7.94
  8.33
  8.75
  9.19
  9.65
  10.13
  10.64
  11.17
  11.73
  12.31
  12.93
  13.58
  14.26
  14.97
  15.72
  16.50
  17.33
  18.19
  19.10
  20.06
  21.06
  22.11
  23.22
  24.38
  25.60
  26.88
  28.22
  29.64
PV of cash for distribution, $m
 
  60
  55
  49
  43
  37
  32
  27
  23
  19
  15
  12
  9
  7
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  95.7
  91.3
  86.9
  82.6
  78.3
  74.0
  69.9
  65.9
  62.0
  58.2
  55.0
  51.9
  48.9
  46.0
  43.2
  40.5
  37.9
  35.4
  33.1
  30.9
  28.8
  26.8
  24.9
  23.1
  21.5
  19.9
  18.5
  17.1
  15.8
  14.6

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products. It sell its products under approximately 50 national, regional, and local proprietary or licensed brands, and private labels, including DairyPure, TruMoo, Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly's, Garelick Farms, LAND O LAKES, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G. Lee, Tuscan, and others. The company sells its products to retailers, distributors, foodservice outlets, educational institutions, and governmental entities through its sales forces. Dean Foods Company was founded in 1925 and is headquartered in Dallas, Texas.

FINANCIAL RATIOS  of  Dean Foods (DF)

Valuation Ratios
P/E Ratio 8.9
Price to Sales 0.1
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 4.2
Price to Free Cash Flow 9.5
Growth Rates
Sales Growth Rate -5.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -11%
Cap. Spend. - 3 Yr. Gr. Rate -3.7%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 121.9%
Total Debt to Equity 145%
Interest Coverage 4
Management Effectiveness
Return On Assets 6.1%
Ret/ On Assets - 3 Yr. Avg. 2.3%
Return On Total Capital 8.3%
Ret/ On T. Cap. - 3 Yr. Avg. 2.2%
Return On Equity 20.7%
Return On Equity - 3 Yr. Avg. 5.4%
Asset Turnover 3
Profitability Ratios
Gross Margin 25.8%
Gross Margin - 3 Yr. Avg. 22.6%
EBITDA Margin 5.7%
EBITDA Margin - 3 Yr. Avg. 3.4%
Operating Margin 3.4%
Oper. Margin - 3 Yr. Avg. 1.4%
Pre-Tax Margin 2.6%
Pre-Tax Margin - 3 Yr. Avg. 0.6%
Net Profit Margin 1.6%
Net Profit Margin - 3 Yr. Avg. 0.4%
Effective Tax Rate 40.4%
Eff/ Tax Rate - 3 Yr. Avg. 46.8%
Payout Ratio 27.5%

DF stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DF stock intrinsic value calculation we used $7710 million for the last fiscal year's total revenue generated by Dean Foods. The default revenue input number comes from 2016 income statement of Dean Foods. 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 DF stock valuation model: a) initial revenue growth rate of 6.2% 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 7.2%, whose default value for DF is calculated based on our internal credit rating of Dean Foods, 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 Dean Foods.
    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 DF stock the variable cost ratio is equal to 99.4%.

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 DF 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 Dean Foods.

Corporate tax rate of 27% is the nominal tax rate for Dean Foods. 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 DF 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 DF are equal to 9.4%.

Life of production assets of 10 years is the average useful life of capital assets used in Dean Foods 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 DF is equal to 4.3%. 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 - $611 million for Dean Foods - 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 92.947 million for Dean Foods 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 Dean Foods at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
LWAY Lifeway Foods 9.22 4.92  sell
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COMPANY NEWS

▶ New Strong Sell Stocks for August 11th   [Aug-11-17 08:20AM  Zacks]
▶ Dean Foods Declares Quarterly Dividend   [Aug-09-17 05:34PM  PR Newswire]
▶ [$$] Dean Foods Drops as Milk Struggles Deepen   [12:48AM  The Wall Street Journal]
▶ Dean Foods misses Street 2Q forecasts   [Aug-08-17 10:21PM  Associated Press]
▶ What Happened in the Stock Market Today   [04:50PM  Motley Fool]
▶ [$$] Dean Foods Drops as Milk Struggles Deepen   [12:51PM  The Wall Street Journal]
▶ Dean Foods misses Street 2Q forecasts   [09:21AM  Associated Press]
▶ Kroger price cuts hammer milk company's outlook   [Jul-31-17 03:35PM  American City Business Journals]
▶ [$$] Billy Walters Sentenced to Five Years for Insider Trading   [Jul-27-17 03:16PM  The Wall Street Journal]
▶ Who are Monsanto's main competitors?   [Jun-27-17 10:39AM  Investopedia]
▶ Dean Foods gets in on organic with juice company purchase   [Jun-23-17 01:35PM  American City Business Journals]
▶ Uncle Matt's Organic To Join Dean Foods Family Of Brands   [Jun-22-17 04:01PM  PR Newswire]
▶ New Strong Sell Stocks for June 12th   [Jun-12-17 10:25AM  Zacks]
▶ Bear of the Day: Dean Foods (DF)   [06:02AM  Zacks]
▶ New Strong Sell Stocks for June 5th   [Jun-05-17 10:56AM  Zacks]
▶ ETFs with exposure to Dean Foods Co. : May 23, 2017   [May-23-17 12:37PM  Capital Cube]
▶ ETFs with exposure to Dean Foods Co. : May 12, 2017   [May-12-17 03:52PM  Capital Cube]
▶ Dean Foods Declares Quarterly Dividend   [May-10-17 05:12PM  PR Newswire]
▶ Company News for May 10, 2017   [09:45AM  Zacks]
▶ All Eye On Q1 Earnings   [May-09-17 10:48AM  Zacks]
▶ Dean Foods reports 1Q loss   [08:09AM  Associated Press]
▶ Bat phone central to new trial request for Las Vegas gambler   [May-05-17 09:07PM  Associated Press]
▶ Sports gambler convicted in Dean Foods insider trading case   [Apr-07-17 04:30PM  American City Business Journals]
▶ Former Dean Foods chairman dropped $150,000 in single card game   [04:34PM  American City Business Journals]
▶ JPMorgan Upgrades Dean Foods to Overweight   [Mar-20-17 05:41PM  at Investopedia]
▶ Who are Monsanto's main competitors?   [11:40AM  at Investopedia]
Stock chart of DF Financial statements of DF
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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