Intrinsic value of Endurance International Group Holdings - EIGI

Previous Close

$7.50

  Intrinsic Value

$27.63

stock screener

  Rating & Target

str. buy

+268%

  Value-price divergence*

+392%

Previous close

$7.50

 
Intrinsic value

$27.63

 
Up/down potential

+268%

 
Rating

str. buy

 
Value-price divergence*

+392%

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

We calculate the intrinsic value of EIGI 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, %
  49.93
  24.50
  22.55
  20.80
  19.22
  17.79
  16.51
  15.36
  14.33
  13.39
  12.55
  11.80
  11.12
  10.51
  9.96
  9.46
  9.01
  8.61
  8.25
  7.93
  7.63
  7.37
  7.13
  6.92
  6.73
  6.56
  6.40
  6.26
  6.13
  6.02
  5.92
Revenue, $m
  1,111
  1,383
  1,695
  2,048
  2,441
  2,875
  3,350
  3,865
  4,419
  5,011
  5,640
  6,305
  7,006
  7,742
  8,513
  9,319
  10,159
  11,034
  11,944
  12,891
  13,875
  14,898
  15,961
  17,065
  18,213
  19,407
  20,649
  21,942
  23,288
  24,690
  26,151
Variable operating expenses, $m
 
  1,239
  1,477
  1,745
  2,045
  2,376
  2,738
  3,130
  3,551
  4,002
  4,481
  4,802
  5,336
  5,896
  6,483
  7,097
  7,737
  8,403
  9,096
  9,818
  10,567
  11,346
  12,155
  12,996
  13,871
  14,780
  15,726
  16,711
  17,736
  18,803
  19,916
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
  1,150
  1,239
  1,477
  1,745
  2,045
  2,376
  2,738
  3,130
  3,551
  4,002
  4,481
  4,802
  5,336
  5,896
  6,483
  7,097
  7,737
  8,403
  9,096
  9,818
  10,567
  11,346
  12,155
  12,996
  13,871
  14,780
  15,726
  16,711
  17,736
  18,803
  19,916
Operating income, $m
  -39
  144
  218
  302
  396
  500
  613
  735
  867
  1,009
  1,159
  1,503
  1,670
  1,846
  2,030
  2,222
  2,422
  2,631
  2,848
  3,073
  3,308
  3,552
  3,805
  4,069
  4,342
  4,627
  4,923
  5,231
  5,552
  5,886
  6,235
EBITDA, $m
  165
  399
  489
  590
  704
  829
  966
  1,114
  1,274
  1,445
  1,626
  1,818
  2,020
  2,232
  2,455
  2,687
  2,929
  3,181
  3,444
  3,717
  4,000
  4,295
  4,602
  4,920
  5,251
  5,595
  5,954
  6,326
  6,714
  7,119
  7,540
Interest expense (income), $m
  119
  154
  189
  242
  303
  371
  445
  527
  615
  711
  812
  921
  1,035
  1,156
  1,282
  1,415
  1,553
  1,698
  1,848
  2,005
  2,168
  2,337
  2,513
  2,695
  2,885
  3,083
  3,288
  3,502
  3,724
  3,955
  4,197
Earnings before tax, $m
  -190
  -10
  29
  60
  93
  129
  167
  208
  252
  298
  346
  583
  635
  690
  747
  807
  869
  933
  999
  1,069
  1,140
  1,215
  1,293
  1,373
  1,457
  1,544
  1,635
  1,730
  1,828
  1,931
  2,038
Tax expense, $m
  -110
  0
  8
  16
  25
  35
  45
  56
  68
  80
  93
  157
  172
  186
  202
  218
  235
  252
  270
  289
  308
  328
  349
  371
  393
  417
  441
  467
  494
  521
  550
Net income, $m
  -73
  -10
  21
  44
  68
  94
  122
  152
  184
  217
  253
  425
  464
  504
  546
  589
  634
  681
  730
  780
  833
  887
  944
  1,002
  1,064
  1,127
  1,194
  1,263
  1,335
  1,410
  1,488

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  54
  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
  2,756
  3,432
  4,206
  5,081
  6,057
  7,135
  8,313
  9,591
  10,965
  12,433
  13,994
  15,645
  17,385
  19,212
  21,125
  23,123
  25,208
  27,379
  29,638
  31,988
  34,430
  36,967
  39,604
  42,345
  45,194
  48,157
  51,239
  54,446
  57,786
  61,265
  64,891
Adjusted assets (=assets-cash), $m
  2,702
  3,432
  4,206
  5,081
  6,057
  7,135
  8,313
  9,591
  10,965
  12,433
  13,994
  15,645
  17,385
  19,212
  21,125
  23,123
  25,208
  27,379
  29,638
  31,988
  34,430
  36,967
  39,604
  42,345
  45,194
  48,157
  51,239
  54,446
  57,786
  61,265
  64,891
Revenue / Adjusted assets
  0.411
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
  0.403
Average production assets, $m
  572
  711
  871
  1,052
  1,255
  1,478
  1,722
  1,987
  2,271
  2,575
  2,899
  3,241
  3,601
  3,980
  4,376
  4,790
  5,222
  5,671
  6,139
  6,626
  7,132
  7,657
  8,204
  8,771
  9,362
  9,975
  10,614
  11,278
  11,970
  12,691
  13,442
Working capital, $m
  -363
  -138
  -170
  -205
  -244
  -288
  -335
  -386
  -442
  -501
  -564
  -631
  -701
  -774
  -851
  -932
  -1,016
  -1,103
  -1,194
  -1,289
  -1,388
  -1,490
  -1,596
  -1,707
  -1,821
  -1,941
  -2,065
  -2,194
  -2,329
  -2,469
  -2,615
Total debt, $m
  1,994
  2,451
  3,148
  3,935
  4,813
  5,784
  6,844
  7,993
  9,230
  10,552
  11,957
  13,443
  15,008
  16,653
  18,374
  20,173
  22,049
  24,003
  26,036
  28,151
  30,349
  32,632
  35,006
  37,473
  40,037
  42,703
  45,477
  48,364
  51,369
  54,501
  57,764
Total liabilities, $m
  2,632
  3,089
  3,786
  4,573
  5,451
  6,422
  7,482
  8,631
  9,868
  11,190
  12,595
  14,081
  15,646
  17,291
  19,012
  20,811
  22,687
  24,641
  26,674
  28,789
  30,987
  33,270
  35,644
  38,111
  40,675
  43,341
  46,115
  49,002
  52,007
  55,139
  58,402
Total equity, $m
  124
  343
  421
  508
  606
  714
  831
  959
  1,096
  1,243
  1,399
  1,565
  1,738
  1,921
  2,112
  2,312
  2,521
  2,738
  2,964
  3,199
  3,443
  3,697
  3,960
  4,235
  4,519
  4,816
  5,124
  5,445
  5,779
  6,127
  6,489
Total liabilities and equity, $m
  2,756
  3,432
  4,207
  5,081
  6,057
  7,136
  8,313
  9,590
  10,964
  12,433
  13,994
  15,646
  17,384
  19,212
  21,124
  23,123
  25,208
  27,379
  29,638
  31,988
  34,430
  36,967
  39,604
  42,346
  45,194
  48,157
  51,239
  54,447
  57,786
  61,266
  64,891
Debt-to-equity ratio
  16.081
  7.140
  7.480
  7.740
  7.950
  8.110
  8.230
  8.330
  8.420
  8.490
  8.540
  8.590
  8.630
  8.670
  8.700
  8.720
  8.750
  8.770
  8.780
  8.800
  8.810
  8.830
  8.840
  8.850
  8.860
  8.870
  8.880
  8.880
  8.890
  8.900
  8.900
Adjusted equity ratio
  0.026
  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
  -73
  -10
  21
  44
  68
  94
  122
  152
  184
  217
  253
  425
  464
  504
  546
  589
  634
  681
  730
  780
  833
  887
  944
  1,002
  1,064
  1,127
  1,194
  1,263
  1,335
  1,410
  1,488
Depreciation, amort., depletion, $m
  204
  255
  271
  288
  308
  329
  353
  379
  407
  436
  467
  315
  350
  386
  425
  465
  507
  551
  596
  643
  692
  743
  796
  852
  909
  968
  1,030
  1,095
  1,162
  1,232
  1,305
Funds from operations, $m
  222
  245
  292
  332
  376
  424
  475
  531
  590
  653
  720
  740
  813
  890
  970
  1,054
  1,141
  1,232
  1,326
  1,423
  1,525
  1,630
  1,740
  1,854
  1,972
  2,096
  2,224
  2,358
  2,497
  2,642
  2,793
Change in working capital, $m
  67
  -27
  -31
  -35
  -39
  -43
  -47
  -51
  -55
  -59
  -63
  -67
  -70
  -74
  -77
  -81
  -84
  -88
  -91
  -95
  -98
  -102
  -106
  -110
  -115
  -119
  -124
  -129
  -135
  -140
  -146
Cash from operations, $m
  155
  272
  323
  367
  415
  467
  523
  583
  646
  713
  783
  806
  883
  964
  1,048
  1,135
  1,225
  1,319
  1,417
  1,518
  1,623
  1,733
  1,846
  1,964
  2,087
  2,215
  2,348
  2,487
  2,631
  2,782
  2,939
Maintenance CAPEX, $m
  0
  -55
  -69
  -85
  -102
  -122
  -143
  -167
  -193
  -221
  -250
  -281
  -315
  -350
  -386
  -425
  -465
  -507
  -551
  -596
  -643
  -692
  -743
  -796
  -852
  -909
  -968
  -1,030
  -1,095
  -1,162
  -1,232
New CAPEX, $m
  -37
  -139
  -160
  -181
  -202
  -223
  -244
  -265
  -285
  -304
  -323
  -342
  -360
  -378
  -396
  -414
  -432
  -450
  -468
  -487
  -506
  -526
  -546
  -568
  -590
  -614
  -638
  -664
  -692
  -721
  -751
Cash from investing activities, $m
  -932
  -194
  -229
  -266
  -304
  -345
  -387
  -432
  -478
  -525
  -573
  -623
  -675
  -728
  -782
  -839
  -897
  -957
  -1,019
  -1,083
  -1,149
  -1,218
  -1,289
  -1,364
  -1,442
  -1,523
  -1,606
  -1,694
  -1,787
  -1,883
  -1,983
Free cash flow, $m
  -777
  78
  94
  101
  111
  122
  135
  151
  168
  188
  210
  183
  208
  236
  265
  296
  328
  362
  398
  435
  474
  515
  557
  600
  646
  693
  741
  792
  845
  899
  956
Issuance/(repayment) of debt, $m
  928
  457
  697
  787
  879
  970
  1,060
  1,149
  1,237
  1,322
  1,405
  1,486
  1,566
  1,644
  1,722
  1,799
  1,876
  1,954
  2,033
  2,114
  2,198
  2,284
  2,373
  2,467
  2,564
  2,666
  2,774
  2,887
  3,006
  3,131
  3,263
Issuance/(repurchase) of shares, $m
  3
  229
  56
  44
  30
  14
  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  
  796
  686
  753
  831
  909
  984
  1,060
  1,149
  1,237
  1,322
  1,405
  1,486
  1,566
  1,644
  1,722
  1,799
  1,876
  1,954
  2,033
  2,114
  2,198
  2,284
  2,373
  2,467
  2,564
  2,666
  2,774
  2,887
  3,006
  3,131
  3,263
Total cash flow (excl. dividends), $m
  21
  764
  846
  932
  1,019
  1,106
  1,196
  1,300
  1,405
  1,510
  1,614
  1,669
  1,774
  1,880
  1,987
  2,095
  2,204
  2,317
  2,431
  2,550
  2,672
  2,799
  2,930
  3,067
  3,210
  3,359
  3,515
  3,679
  3,850
  4,030
  4,219
Retained Cash Flow (-), $m
  56
  -229
  -77
  -87
  -98
  -108
  -118
  -128
  -137
  -147
  -156
  -165
  -174
  -183
  -191
  -200
  -208
  -217
  -226
  -235
  -244
  -254
  -264
  -274
  -285
  -296
  -308
  -321
  -334
  -348
  -363
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
 
  535
  769
  845
  921
  998
  1,078
  1,173
  1,268
  1,363
  1,458
  1,504
  1,600
  1,697
  1,795
  1,895
  1,996
  2,099
  2,206
  2,315
  2,428
  2,545
  2,666
  2,793
  2,925
  3,063
  3,207
  3,358
  3,516
  3,682
  3,857
Discount rate, %
 
  14.20
  14.91
  15.66
  16.44
  17.26
  18.12
  19.03
  19.98
  20.98
  22.03
  23.13
  24.29
  25.50
  26.78
  28.12
  29.52
  31.00
  32.55
  34.17
  35.88
  37.68
  39.56
  41.54
  43.62
  45.80
  48.09
  50.49
  53.02
  55.67
  58.45
PV of cash for distribution, $m
 
  468
  582
  546
  501
  450
  397
  346
  295
  245
  199
  152
  118
  89
  65
  46
  32
  21
  14
  9
  5
  3
  2
  1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  81.0
  79.3
  78.3
  77.7
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5

Endurance International Group Holdings, Inc., together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribersÂ’ Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites to meet their particular business needs, as well as Mojo Marketplace, online marketplace for WordPress themes, plugins, and other digital goods. The company also provides solutions that allow subscribers to have their Websites rendered on mobile devices; search engine optimization and marketing solutions; tools and services that enable subscribers to communicate with their customers and potential customers through social networks; and control panels and dashboards that enable subscribers to analyze activity on their Websites, optimize the impact of their Web presence design, and marketing campaigns. In addition, it offers a platform that enables subscribers to communicate with their customers and potential customers through email; email capabilities, including custom mailboxes that reflect a subscriberÂ’s domain name, spam filters, email aliases, and forwarding functionality; products that enable secure and encrypted payments, shopping carts, payment processing and related services, mobile payments, and other forms of e-commerce; platform that creates and manages digital storefront listings through one interface; and professional services. Endurance International Group Holdings, Inc. was founded in 1997 and is headquartered in Burlington, Massachusetts.

FINANCIAL RATIOS  of  Endurance International Group Holdings (EIGI)

Valuation Ratios
P/E Ratio -13.8
Price to Sales 0.9
Price to Book 8.2
Price to Tangible Book
Price to Cash Flow 6.5
Price to Free Cash Flow 8.6
Growth Rates
Sales Growth Rate 49.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 19.4%
Cap. Spend. - 3 Yr. Gr. Rate 1.7%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 1574.2%
Total Debt to Equity 1608.1%
Interest Coverage -1
Management Effectiveness
Return On Assets -1%
Ret/ On Assets - 3 Yr. Avg. 0.7%
Return On Total Capital -4.3%
Ret/ On T. Cap. - 3 Yr. Avg. -3.3%
Return On Equity -48%
Return On Equity - 3 Yr. Avg. -29.6%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 48.2%
Gross Margin - 3 Yr. Avg. 43.5%
EBITDA Margin 12%
EBITDA Margin - 3 Yr. Avg. 19.9%
Operating Margin -3.5%
Oper. Margin - 3 Yr. Avg. 1.9%
Pre-Tax Margin -17.1%
Pre-Tax Margin - 3 Yr. Avg. -8.1%
Net Profit Margin -6.6%
Net Profit Margin - 3 Yr. Avg. -5.6%
Effective Tax Rate 57.9%
Eff/ Tax Rate - 3 Yr. Avg. 14.9%
Payout Ratio 0%

EIGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EIGI stock intrinsic value calculation we used $1111 million for the last fiscal year's total revenue generated by Endurance International Group Holdings. The default revenue input number comes from 2016 income statement of Endurance International Group Holdings. 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 EIGI stock valuation model: a) initial revenue growth rate of 24.5% 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 14.2%, whose default value for EIGI is calculated based on our internal credit rating of Endurance International Group Holdings, 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 Endurance International Group Holdings.
    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 EIGI stock the variable cost ratio is equal to 92.9%.

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 EIGI 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 7.7% for Endurance International Group Holdings.

Corporate tax rate of 27% is the nominal tax rate for Endurance International Group Holdings. 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 EIGI 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 EIGI are equal to 51.4%.

Life of production assets of 10.3 years is the average useful life of capital assets used in Endurance International Group Holdings 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 EIGI is equal to -10%. 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 - $124 million for Endurance International Group Holdings - 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 129.825 million for Endurance International Group Holdings 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 Endurance International Group Holdings at the current share price and the inputted number of shares is $1.0 billion.

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COMPANY NEWS

▶ Endurance International Group names new CEO   [Aug-14-17 05:25PM  American City Business Journals]
▶ Endurance International posts 2Q loss   [Aug-01-17 10:56PM  Associated Press]
▶ HostGator Launches Upgraded Dedicated Server Platform   [Jul-24-17 07:00AM  PR Newswire]
▶ Endurance International posts 1Q loss   [May-02-17 07:23AM  Associated Press]
▶ Constant Contact Announces New General Manager   [Apr-24-17 04:15PM  PR Newswire]
▶ Endurance Announces CEO Transition Plan   [Apr-17-17 04:35PM  GlobeNewswire]
▶ Endurance Implements Rebootless Updates with KernelCare   [Mar-29-17 09:00AM  PR Newswire]
▶ Constant Contact Expands to India   [Mar-09-17 07:00AM  PR Newswire]
▶ Endurance International posts 4Q loss   [07:54AM  Associated Press]
▶ Massachusetts tech firm expanding Tempe office, adding 600 workers   [Jan-31-17 07:06PM  at bizjournals.com]
▶ Are Hedge Funds On To Something With Buckle Inc (BKE)?   [Dec-03-16 05:45PM  at Insider Monkey]
▶ Hedge Funds Are Buying Acceleron Pharma Inc (XLRN)   [Nov-30-16 05:14AM  at Insider Monkey]
▶ Five Under-the-Radar Tech Stocks that Okumus Fund Loves   [Oct-07-16 08:00AM  at Insider Monkey]
▶ Insiders Load Up on Endurance International   [Oct-05-16 03:32PM  Gurufocus]
Stock chart of EIGI Financial statements of EIGI
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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