Intrinsic value of DSW Cl A - DSW

Previous Close

$18.77

  Intrinsic Value

$26.36

stock screener

  Rating & Target

buy

+40%

  Value-price divergence*

0%

Previous close

$18.77

 
Intrinsic value

$26.36

 
Up/down potential

+40%

 
Rating

buy

 
Value-price divergence*

0%

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

We calculate the intrinsic value of DSW 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 2017), $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 1.6

 

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, %
  3.47
  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
  4.92
Revenue, $m
  2,711
  2,798
  2,892
  2,995
  3,105
  3,224
  3,351
  3,486
  3,630
  3,784
  3,947
  4,119
  4,302
  4,495
  4,699
  4,915
  5,143
  5,383
  5,635
  5,902
  6,183
  6,478
  6,790
  7,117
  7,461
  7,824
  8,205
  8,606
  9,027
  9,470
  9,935
Variable operating expenses, $m
 
  2,571
  2,658
  2,751
  2,853
  2,961
  3,077
  3,202
  3,334
  3,474
  3,623
  3,773
  3,941
  4,118
  4,305
  4,502
  4,711
  4,931
  5,162
  5,407
  5,664
  5,935
  6,220
  6,519
  6,835
  7,167
  7,516
  7,883
  8,269
  8,675
  9,101
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
  2,511
  2,571
  2,658
  2,751
  2,853
  2,961
  3,077
  3,202
  3,334
  3,474
  3,623
  3,773
  3,941
  4,118
  4,305
  4,502
  4,711
  4,931
  5,162
  5,407
  5,664
  5,935
  6,220
  6,519
  6,835
  7,167
  7,516
  7,883
  8,269
  8,675
  9,101
Operating income, $m
  200
  227
  235
  243
  253
  263
  273
  285
  297
  310
  323
  346
  361
  377
  395
  413
  432
  452
  473
  495
  519
  544
  570
  597
  626
  657
  689
  722
  758
  795
  834
EBITDA, $m
  282
  310
  320
  332
  344
  357
  371
  386
  402
  419
  437
  456
  477
  498
  521
  545
  570
  596
  624
  654
  685
  718
  752
  789
  827
  867
  909
  954
  1,000
  1,049
  1,101
Interest expense (income), $m
  0
  0
  1
  1
  2
  3
  3
  4
  5
  6
  7
  8
  9
  10
  11
  13
  14
  15
  17
  19
  20
  22
  24
  26
  28
  30
  32
  35
  37
  40
  43
Earnings before tax, $m
  203
  227
  234
  242
  251
  260
  270
  281
  292
  304
  317
  338
  352
  367
  383
  400
  418
  436
  456
  477
  499
  522
  546
  572
  598
  627
  656
  688
  720
  755
  791
Tax expense, $m
  79
  61
  63
  65
  68
  70
  73
  76
  79
  82
  85
  91
  95
  99
  103
  108
  113
  118
  123
  129
  135
  141
  147
  154
  162
  169
  177
  186
  195
  204
  214
Net income, $m
  125
  166
  171
  177
  183
  190
  197
  205
  213
  222
  231
  247
  257
  268
  280
  292
  305
  319
  333
  348
  364
  381
  399
  417
  437
  457
  479
  502
  526
  551
  578

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  209
  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
  1,428
  1,258
  1,301
  1,347
  1,396
  1,450
  1,507
  1,568
  1,632
  1,701
  1,775
  1,852
  1,934
  2,021
  2,113
  2,210
  2,312
  2,420
  2,534
  2,654
  2,780
  2,913
  3,053
  3,200
  3,355
  3,518
  3,689
  3,869
  4,059
  4,258
  4,467
Adjusted assets (=assets-cash), $m
  1,219
  1,258
  1,301
  1,347
  1,396
  1,450
  1,507
  1,568
  1,632
  1,701
  1,775
  1,852
  1,934
  2,021
  2,113
  2,210
  2,312
  2,420
  2,534
  2,654
  2,780
  2,913
  3,053
  3,200
  3,355
  3,518
  3,689
  3,869
  4,059
  4,258
  4,467
Revenue / Adjusted assets
  2.224
  2.224
  2.223
  2.223
  2.224
  2.223
  2.224
  2.223
  2.224
  2.225
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
  2.224
Average production assets, $m
  393
  406
  419
  434
  450
  467
  486
  505
  526
  549
  572
  597
  624
  652
  681
  713
  746
  780
  817
  856
  897
  939
  984
  1,032
  1,082
  1,134
  1,190
  1,248
  1,309
  1,373
  1,441
Working capital, $m
  442
  241
  249
  258
  267
  277
  288
  300
  312
  325
  339
  354
  370
  387
  404
  423
  442
  463
  485
  508
  532
  557
  584
  612
  642
  673
  706
  740
  776
  814
  854
Total debt, $m
  0
  16
  33
  52
  72
  93
  116
  141
  167
  195
  224
  255
  289
  324
  361
  400
  441
  484
  530
  578
  629
  683
  739
  799
  861
  927
  996
  1,068
  1,145
  1,225
  1,309
Total liabilities, $m
  491
  507
  524
  543
  563
  584
  607
  632
  658
  686
  715
  746
  780
  815
  852
  891
  932
  975
  1,021
  1,069
  1,120
  1,174
  1,230
  1,290
  1,352
  1,418
  1,487
  1,559
  1,636
  1,716
  1,800
Total equity, $m
  937
  751
  776
  804
  834
  865
  899
  936
  975
  1,016
  1,059
  1,106
  1,155
  1,207
  1,261
  1,319
  1,380
  1,445
  1,513
  1,584
  1,660
  1,739
  1,823
  1,910
  2,003
  2,100
  2,202
  2,310
  2,423
  2,542
  2,667
Total liabilities and equity, $m
  1,428
  1,258
  1,300
  1,347
  1,397
  1,449
  1,506
  1,568
  1,633
  1,702
  1,774
  1,852
  1,935
  2,022
  2,113
  2,210
  2,312
  2,420
  2,534
  2,653
  2,780
  2,913
  3,053
  3,200
  3,355
  3,518
  3,689
  3,869
  4,059
  4,258
  4,467
Debt-to-equity ratio
  0.000
  0.020
  0.040
  0.060
  0.090
  0.110
  0.130
  0.150
  0.170
  0.190
  0.210
  0.230
  0.250
  0.270
  0.290
  0.300
  0.320
  0.340
  0.350
  0.370
  0.380
  0.390
  0.410
  0.420
  0.430
  0.440
  0.450
  0.460
  0.470
  0.480
  0.490
Adjusted equity ratio
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  125
  166
  171
  177
  183
  190
  197
  205
  213
  222
  231
  247
  257
  268
  280
  292
  305
  319
  333
  348
  364
  381
  399
  417
  437
  457
  479
  502
  526
  551
  578
Depreciation, amort., depletion, $m
  82
  83
  86
  88
  91
  95
  98
  102
  105
  110
  114
  111
  116
  121
  126
  132
  138
  145
  151
  158
  166
  174
  182
  191
  200
  210
  220
  231
  242
  254
  267
Funds from operations, $m
  199
  249
  257
  265
  275
  284
  295
  306
  319
  331
  345
  357
  373
  389
  406
  424
  443
  463
  484
  507
  530
  555
  581
  608
  637
  668
  699
  733
  768
  805
  844
Change in working capital, $m
  -14
  7
  8
  9
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
  30
  31
  33
  34
  36
  38
  40
Cash from operations, $m
  213
  241
  249
  256
  265
  274
  284
  295
  306
  318
  331
  342
  357
  372
  388
  405
  423
  442
  463
  484
  506
  529
  554
  580
  608
  636
  667
  699
  732
  767
  804
Maintenance CAPEX, $m
  0
  -73
  -75
  -78
  -80
  -83
  -87
  -90
  -94
  -97
  -102
  -106
  -111
  -116
  -121
  -126
  -132
  -138
  -145
  -151
  -158
  -166
  -174
  -182
  -191
  -200
  -210
  -220
  -231
  -242
  -254
New CAPEX, $m
  -88
  -13
  -14
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -50
  -53
  -55
  -58
  -61
  -64
  -67
Cash from investing activities, $m
  -24
  -86
  -89
  -93
  -96
  -100
  -105
  -110
  -115
  -119
  -126
  -131
  -137
  -144
  -151
  -157
  -165
  -173
  -182
  -190
  -199
  -209
  -219
  -229
  -241
  -253
  -265
  -278
  -292
  -306
  -321
Free cash flow, $m
  189
  155
  160
  164
  169
  174
  179
  185
  192
  198
  206
  211
  220
  229
  238
  248
  258
  270
  281
  294
  307
  321
  335
  350
  367
  384
  401
  420
  440
  461
  483
Issuance/(repayment) of debt, $m
  0
  16
  17
  19
  20
  21
  23
  25
  26
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  54
  56
  59
  62
  66
  69
  73
  76
  80
  84
Issuance/(repurchase) of shares, $m
  -44
  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  
  -45
  16
  17
  19
  20
  21
  23
  25
  26
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  54
  56
  59
  62
  66
  69
  73
  76
  80
  84
Total cash flow (excl. dividends), $m
  143
  171
  177
  182
  189
  195
  202
  210
  218
  226
  235
  243
  253
  264
  275
  287
  300
  313
  327
  342
  358
  374
  392
  410
  429
  449
  470
  493
  516
  541
  567
Retained Cash Flow (-), $m
  -32
  -23
  -25
  -28
  -30
  -32
  -34
  -36
  -39
  -41
  -44
  -46
  -49
  -52
  -55
  -58
  -61
  -64
  -68
  -72
  -75
  -79
  -84
  -88
  -92
  -97
  -102
  -108
  -113
  -119
  -125
Prev. year cash balance distribution, $m
 
  209
  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
 
  357
  151
  155
  159
  163
  168
  173
  179
  185
  192
  196
  204
  212
  220
  229
  239
  249
  259
  270
  282
  295
  308
  322
  336
  352
  368
  385
  403
  422
  442
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
 
  343
  139
  135
  131
  127
  122
  117
  112
  106
  100
  93
  87
  81
  74
  67
  61
  54
  48
  42
  36
  30
  26
  21
  17
  14
  11
  8
  6
  5
  3
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

DSW Inc. is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment. As of January 28, 2017, the Company operated 501 DSW stores, dsw.com and shoe departments in 288 Stein Mart stores and Steinmart.com, 106 Gordmans stores and Gordmans.com, and one Frugal Fannie's store. DSW separates its merchandise into three primary categories: women's footwear; men's footwear, and accessories and other (which includes kids' footwear). Other primarily includes Ebuys and its investment in Town Shoes. The ABG segment partners with three other retailers to help build and optimize their in-store and online footwear businesses.

FINANCIAL RATIOS  of  DSW Cl A (DSW)

Valuation Ratios
P/E Ratio 12
Price to Sales 0.6
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 7.1
Price to Free Cash Flow 12
Growth Rates
Sales Growth Rate 3.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -15.4%
Cap. Spend. - 3 Yr. Gr. Rate 0.5%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 8.9%
Ret/ On Assets - 3 Yr. Avg. 9.8%
Return On Total Capital 13.6%
Ret/ On T. Cap. - 3 Yr. Avg. 14.3%
Return On Equity 13.6%
Return On Equity - 3 Yr. Avg. 14.3%
Asset Turnover 1.9
Profitability Ratios
Gross Margin 28.5%
Gross Margin - 3 Yr. Avg. 29.3%
EBITDA Margin 10.5%
EBITDA Margin - 3 Yr. Avg. 11.4%
Operating Margin 7.4%
Oper. Margin - 3 Yr. Avg. 8.4%
Pre-Tax Margin 7.5%
Pre-Tax Margin - 3 Yr. Avg. 8.6%
Net Profit Margin 4.6%
Net Profit Margin - 3 Yr. Avg. 5.3%
Effective Tax Rate 38.9%
Eff/ Tax Rate - 3 Yr. Avg. 38.8%
Payout Ratio 52%

DSW stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DSW stock intrinsic value calculation we used $2711 million for the last fiscal year's total revenue generated by DSW Cl A. The default revenue input number comes from 2017 income statement of DSW Cl A. 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 DSW stock valuation model: a) initial revenue growth rate of 3.2% 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 DSW is calculated based on our internal credit rating of DSW Cl A, 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 DSW Cl A.
    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 DSW stock the variable cost ratio is equal to 91.9%.

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 DSW 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 DSW Cl A.

Corporate tax rate of 27% is the nominal tax rate for DSW Cl A. 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 DSW 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 DSW are equal to 14.5%.

Life of production assets of 5.4 years is the average useful life of capital assets used in DSW Cl A 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 DSW is equal to 8.6%. 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 - $937 million for DSW Cl A - 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 84.289 million for DSW Cl A 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 DSW Cl A at the current share price and the inputted number of shares is $1.6 billion.

RELATED COMPANIES Price Int.Val. Rating
CAL Caleres 27.43 21.79  hold
BOOT Boot Barn Hold 7.69 18.34  str.buy
GCO Genesco 23.10 61.39  str.buy
FINL Finish Line Cl 10.15 14.34  buy
FL Foot Locker 30.95 84.86  str.buy
SCVL Shoe Carnival 20.72 19.70  hold

COMPANY NEWS

▶ DSW, Inc. Value Analysis (NYSE:DSW) : October 16, 2017   [Oct-16-17 10:06AM  Capital Cube]
▶ Is It The Right Time To Buy DSW Inc (DSW)?   [Oct-13-17 11:37AM  Simply Wall St.]
▶ Manis and pedis coming soon from DSW   [Oct-09-17 02:05PM  American City Business Journals]
▶ Top Ranked Income Stocks to Buy for October 2nd   [Oct-02-17 08:39AM  Zacks]
▶ Is It Too Late To Buy DSW Inc (DSW)?   [Sep-28-17 05:55PM  Simply Wall St.]
▶ Three Retail Stocks That Can Keep Outperforming   [Sep-08-17 12:03PM  Barrons.com]
▶ ETFs with exposure to DSW, Inc. : September 1, 2017   [Sep-01-17 07:34PM  Capital Cube]
▶ [$$] Charting the Market   [Aug-26-17 01:21AM  Barrons.com]
▶ DSW, Inc.: Leads amongst peers with strong fundamentals   [Aug-23-17 03:47PM  Capital Cube]
▶ Company News For August 23, 2017   [10:25AM  Zacks]
▶ Inside Foot Lockers Fiscal 2Q17 Earnings   [09:07AM  Market Realist]
▶ The Market In 5 Minutes   [07:32AM  Benzinga]
▶ DSW tops Street 2Q forecasts   [Aug-22-17 10:08PM  Associated Press]
▶ DSW Delivers Its Best Comps in Two Years   [06:25PM  Motley Fool]
▶ What Happened in the Stock Market Today   [04:39PM  Motley Fool]
▶ DSW Heading Toward a Major Breakout: Chart   [02:23PM  TheStreet.com]
▶ Why DSW Inc. Stock Popped Today   [01:59PM  Motley Fool]
▶ As overall retail struggles, DSW is stepping up   [12:10PM  American City Business Journals]
▶ [$$] DSW Shares Jump on Sales Beat   [11:45AM  The Wall Street Journal]
▶ DSW Wins Big in Q2   [10:10AM  24/7 Wall St.]
▶ [$$] Foot Locker Sales Miss Weighs on Sector   [12:02PM  The Wall Street Journal]
▶ Shoe rentals, storage and resale all on the table for DSW   [10:11AM  American City Business Journals]
▶ Designer Shoe Warehouse Gives Back to the Community   [Aug-03-17 05:26PM  PR Newswire]
▶ DSW Inc. Appoints Peter Cobb as New Independent Director   [Aug-02-17 05:30PM  PR Newswire]
▶ New Strong Sell Stocks for July 13th   [Jul-13-17 11:39AM  Zacks]
▶ Why DSW Inc. Stock is Down 16% in 2017   [Jul-12-17 12:44PM  Motley Fool]
▶ DSW, Inc. Value Analysis (NYSE:DSW) : July 7, 2017   [Jul-07-17 03:56PM  Capital Cube]
▶ New Strong Sell Stocks for June 30th   [Jun-30-17 09:26AM  Zacks]
▶ DSW Designer Shoe Warehouse Expands Overseas   [Jun-29-17 07:00AM  PR Newswire]
▶ ETFs with exposure to DSW, Inc. : June 19, 2017   [Jun-19-17 03:13PM  Capital Cube]
▶ Under Armour: Good But Not Good Enough?   [01:11PM  Barrons.com]
▶ Why DSW Inc. Stock Dropped 18.4% in May   [07:16AM  Motley Fool]
▶ ETFs with exposure to DSW, Inc. : June 9, 2017   [Jun-09-17 01:27PM  Capital Cube]
▶ Under Armour: A Compelling Opportunity?   [May-31-17 09:40AM  Barrons.com]
▶ ETFs with exposure to DSW, Inc. : May 30, 2017   [May-30-17 12:25PM  Capital Cube]
Financial statements of DSW
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.