Intrinsic value of Edgewell Personal Care - EPC

Previous Close

$58.08

  Intrinsic Value

$58.25

stock screener

  Rating & Target

hold

0%

Previous close

$58.08

 
Intrinsic value

$58.25

 
Up/down potential

0%

 
Rating

hold

We calculate the intrinsic value of EPC 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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, %
  -2.71
  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
  2,298
  2,344
  2,398
  2,459
  2,529
  2,605
  2,689
  2,781
  2,880
  2,987
  3,102
  3,224
  3,355
  3,494
  3,643
  3,800
  3,966
  4,142
  4,329
  4,526
  4,734
  4,953
  5,185
  5,428
  5,685
  5,956
  6,241
  6,541
  6,857
  7,189
  7,538
Variable operating expenses, $m
 
  2,051
  2,092
  2,139
  2,192
  2,251
  2,316
  2,386
  2,462
  2,544
  2,632
  2,474
  2,575
  2,682
  2,795
  2,916
  3,044
  3,179
  3,322
  3,473
  3,633
  3,801
  3,979
  4,166
  4,363
  4,571
  4,790
  5,020
  5,262
  5,517
  5,785
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
  2,351
  2,051
  2,092
  2,139
  2,192
  2,251
  2,316
  2,386
  2,462
  2,544
  2,632
  2,474
  2,575
  2,682
  2,795
  2,916
  3,044
  3,179
  3,322
  3,473
  3,633
  3,801
  3,979
  4,166
  4,363
  4,571
  4,790
  5,020
  5,262
  5,517
  5,785
Operating income, $m
  -53
  293
  306
  320
  336
  354
  374
  395
  418
  443
  470
  750
  780
  813
  847
  884
  922
  963
  1,007
  1,053
  1,101
  1,152
  1,206
  1,263
  1,322
  1,385
  1,452
  1,521
  1,595
  1,672
  1,753
EBITDA, $m
  41
  864
  884
  907
  933
  961
  992
  1,026
  1,062
  1,102
  1,144
  1,189
  1,237
  1,289
  1,343
  1,401
  1,463
  1,528
  1,596
  1,669
  1,746
  1,827
  1,912
  2,002
  2,097
  2,196
  2,302
  2,412
  2,529
  2,651
  2,780
Interest expense (income), $m
  66
  83
  86
  89
  93
  97
  101
  106
  111
  117
  123
  129
  137
  144
  152
  161
  170
  179
  189
  200
  211
  223
  236
  249
  263
  278
  293
  310
  327
  345
  364
Earnings before tax, $m
  -53
  210
  220
  231
  244
  258
  273
  289
  307
  326
  347
  620
  644
  669
  695
  723
  753
  784
  818
  853
  890
  929
  970
  1,013
  1,059
  1,107
  1,158
  1,211
  1,268
  1,327
  1,389
Tax expense, $m
  -59
  57
  59
  62
  66
  70
  74
  78
  83
  88
  94
  168
  174
  181
  188
  195
  203
  212
  221
  230
  240
  251
  262
  274
  286
  299
  313
  327
  342
  358
  375
Net income, $m
  6
  153
  161
  169
  178
  188
  199
  211
  224
  238
  253
  453
  470
  488
  507
  528
  550
  573
  597
  622
  649
  678
  708
  740
  773
  808
  845
  884
  925
  969
  1,014

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  503
  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
  4,189
  4,270
  4,368
  4,480
  4,606
  4,746
  4,899
  5,066
  5,246
  5,441
  5,650
  5,873
  6,111
  6,365
  6,635
  6,921
  7,224
  7,545
  7,885
  8,244
  8,623
  9,022
  9,444
  9,888
  10,356
  10,849
  11,368
  11,915
  12,489
  13,094
  13,731
Adjusted assets (=assets-cash), $m
  3,686
  4,270
  4,368
  4,480
  4,606
  4,746
  4,899
  5,066
  5,246
  5,441
  5,650
  5,873
  6,111
  6,365
  6,635
  6,921
  7,224
  7,545
  7,885
  8,244
  8,623
  9,022
  9,444
  9,888
  10,356
  10,849
  11,368
  11,915
  12,489
  13,094
  13,731
Revenue / Adjusted assets
  0.623
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
Average production assets, $m
  1,699
  3,192
  3,266
  3,350
  3,444
  3,548
  3,663
  3,788
  3,923
  4,068
  4,224
  4,391
  4,570
  4,759
  4,961
  5,175
  5,402
  5,642
  5,896
  6,164
  6,447
  6,746
  7,061
  7,394
  7,744
  8,112
  8,500
  8,909
  9,339
  9,791
  10,267
Working capital, $m
  662
  113
  115
  118
  121
  125
  129
  133
  138
  143
  149
  155
  161
  168
  175
  182
  190
  199
  208
  217
  227
  238
  249
  261
  273
  286
  300
  314
  329
  345
  362
Total debt, $m
  1,545
  1,591
  1,649
  1,714
  1,788
  1,869
  1,959
  2,056
  2,162
  2,275
  2,397
  2,528
  2,667
  2,815
  2,973
  3,140
  3,317
  3,505
  3,703
  3,912
  4,134
  4,367
  4,613
  4,873
  5,146
  5,434
  5,737
  6,056
  6,392
  6,745
  7,117
Total liabilities, $m
  2,447
  2,493
  2,551
  2,616
  2,690
  2,771
  2,861
  2,958
  3,064
  3,177
  3,299
  3,430
  3,569
  3,717
  3,875
  4,042
  4,219
  4,407
  4,605
  4,814
  5,036
  5,269
  5,515
  5,775
  6,048
  6,336
  6,639
  6,958
  7,294
  7,647
  8,019
Total equity, $m
  1,742
  1,776
  1,817
  1,864
  1,916
  1,974
  2,038
  2,107
  2,182
  2,263
  2,350
  2,443
  2,542
  2,648
  2,760
  2,879
  3,005
  3,139
  3,280
  3,429
  3,587
  3,753
  3,929
  4,113
  4,308
  4,513
  4,729
  4,956
  5,196
  5,447
  5,712
Total liabilities and equity, $m
  4,189
  4,269
  4,368
  4,480
  4,606
  4,745
  4,899
  5,065
  5,246
  5,440
  5,649
  5,873
  6,111
  6,365
  6,635
  6,921
  7,224
  7,546
  7,885
  8,243
  8,623
  9,022
  9,444
  9,888
  10,356
  10,849
  11,368
  11,914
  12,490
  13,094
  13,731
Debt-to-equity ratio
  0.887
  0.900
  0.910
  0.920
  0.930
  0.950
  0.960
  0.980
  0.990
  1.010
  1.020
  1.030
  1.050
  1.060
  1.080
  1.090
  1.100
  1.120
  1.130
  1.140
  1.150
  1.160
  1.170
  1.180
  1.190
  1.200
  1.210
  1.220
  1.230
  1.240
  1.250
Adjusted equity ratio
  0.341
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  6
  153
  161
  169
  178
  188
  199
  211
  224
  238
  253
  453
  470
  488
  507
  528
  550
  573
  597
  622
  649
  678
  708
  740
  773
  808
  845
  884
  925
  969
  1,014
Depreciation, amort., depletion, $m
  94
  571
  578
  587
  596
  607
  618
  631
  644
  659
  674
  439
  457
  476
  496
  518
  540
  564
  590
  616
  645
  675
  706
  739
  774
  811
  850
  891
  934
  979
  1,027
Funds from operations, $m
  275
  724
  739
  756
  774
  795
  817
  842
  868
  897
  927
  892
  927
  964
  1,004
  1,045
  1,090
  1,137
  1,186
  1,239
  1,294
  1,353
  1,414
  1,479
  1,548
  1,620
  1,695
  1,775
  1,859
  1,948
  2,041
Change in working capital, $m
  -21
  2
  3
  3
  3
  4
  4
  4
  5
  5
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  11
  11
  12
  12
  13
  14
  14
  15
  16
  17
Cash from operations, $m
  296
  722
  736
  753
  771
  791
  813
  837
  863
  892
  922
  886
  921
  957
  996
  1,038
  1,082
  1,128
  1,177
  1,229
  1,284
  1,342
  1,403
  1,467
  1,535
  1,607
  1,682
  1,761
  1,844
  1,932
  2,024
Maintenance CAPEX, $m
  0
  -313
  -319
  -327
  -335
  -344
  -355
  -366
  -379
  -392
  -407
  -422
  -439
  -457
  -476
  -496
  -518
  -540
  -564
  -590
  -616
  -645
  -675
  -706
  -739
  -774
  -811
  -850
  -891
  -934
  -979
New CAPEX, $m
  -69
  -61
  -73
  -84
  -94
  -104
  -115
  -125
  -135
  -145
  -156
  -167
  -178
  -190
  -202
  -214
  -227
  -240
  -254
  -268
  -283
  -299
  -315
  -332
  -350
  -369
  -388
  -409
  -430
  -452
  -476
Cash from investing activities, $m
  -85
  -374
  -392
  -411
  -429
  -448
  -470
  -491
  -514
  -537
  -563
  -589
  -617
  -647
  -678
  -710
  -745
  -780
  -818
  -858
  -899
  -944
  -990
  -1,038
  -1,089
  -1,143
  -1,199
  -1,259
  -1,321
  -1,386
  -1,455
Free cash flow, $m
  211
  348
  344
  342
  342
  342
  344
  346
  350
  354
  359
  297
  303
  311
  319
  328
  337
  348
  359
  372
  385
  398
  413
  429
  446
  464
  482
  502
  523
  546
  569
Issuance/(repayment) of debt, $m
  -295
  47
  57
  66
  74
  82
  89
  97
  105
  114
  122
  130
  139
  148
  158
  167
  177
  187
  198
  210
  221
  233
  246
  259
  273
  288
  303
  319
  336
  353
  372
Issuance/(repurchase) of shares, $m
  -165
  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  
  -461
  47
  57
  66
  74
  82
  89
  97
  105
  114
  122
  130
  139
  148
  158
  167
  177
  187
  198
  210
  221
  233
  246
  259
  273
  288
  303
  319
  336
  353
  372
Total cash flow (excl. dividends), $m
  -236
  394
  401
  408
  415
  424
  433
  444
  455
  467
  481
  427
  442
  459
  476
  495
  515
  536
  558
  581
  606
  632
  659
  689
  719
  752
  786
  821
  859
  899
  941
Retained Cash Flow (-), $m
  87
  -34
  -41
  -47
  -52
  -58
  -64
  -69
  -75
  -81
  -87
  -93
  -99
  -106
  -112
  -119
  -126
  -134
  -141
  -149
  -158
  -166
  -175
  -185
  -195
  -205
  -216
  -227
  -239
  -252
  -265
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
 
  23
  23
  24
  25
  25
  26
  27
  28
  29
  30
  31
  32
  34
  35
  36
  38
  40
  41
  43
  45
  47
  50
  52
  54
  57
  60
  62
  65
  69
  72
Cash available for distribution, $m
 
  360
  360
  361
  363
  366
  370
  374
  380
  387
  394
  334
  343
  353
  364
  376
  388
  402
  416
  432
  448
  466
  484
  504
  524
  546
  570
  594
  620
  647
  676
Discount rate, %
 
  5.80
  6.09
  6.39
  6.71
  7.05
  7.40
  7.77
  8.16
  8.57
  9.00
  9.45
  9.92
  10.42
  10.94
  11.48
  12.06
  12.66
  13.29
  13.96
  14.66
  15.39
  16.16
  16.97
  17.81
  18.71
  19.64
  20.62
  21.65
  22.74
  23.87
PV of cash for distribution, $m
 
  340
  320
  300
  280
  260
  241
  222
  203
  184
  166
  124
  110
  97
  85
  74
  63
  53
  44
  36
  29
  23
  18
  14
  10
  8
  5
  4
  3
  2
  1
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

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other. Its Wet shave products are sold under the Schick, Wilkinson Sword, Edge, Skintimate, Shave Guard and Personna brand names. Its Sun and Skin Care products are sold under the Banana Boat, Hawaiian Tropic, Wet Ones and Playtex brand names and offers Wet Ones, portable hand wipes category, and Playtex household gloves, the branded household glove in the United States. Its Feminine Care segment markets its products under the Playtex, Stayfree, Carefree and o.b. brands and markets pads and liners. Its All Other segment includes infant care, pet care and miscellaneous other products.

FINANCIAL RATIOS  of  Edgewell Personal Care (EPC)

Valuation Ratios
P/E Ratio 542.3
Price to Sales 1.4
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 11
Price to Free Cash Flow 14.3
Growth Rates
Sales Growth Rate -2.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.4%
Cap. Spend. - 3 Yr. Gr. Rate -4.1%
Financial Strength
Quick Ratio 26
Current Ratio 0.1
LT Debt to Equity 87.6%
Total Debt to Equity 88.7%
Interest Coverage 0
Management Effectiveness
Return On Assets -0%
Ret/ On Assets - 3 Yr. Avg. 0.7%
Return On Total Capital 0.2%
Ret/ On T. Cap. - 3 Yr. Avg. -0.5%
Return On Equity 0.3%
Return On Equity - 3 Yr. Avg. -0.8%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 49.2%
Gross Margin - 3 Yr. Avg. 49.1%
EBITDA Margin 4.7%
EBITDA Margin - 3 Yr. Avg. 4.5%
Operating Margin -2.3%
Oper. Margin - 3 Yr. Avg. -4%
Pre-Tax Margin -2.3%
Pre-Tax Margin - 3 Yr. Avg. -4%
Net Profit Margin 0.3%
Net Profit Margin - 3 Yr. Avg. -1.2%
Effective Tax Rate 111.3%
Eff/ Tax Rate - 3 Yr. Avg. 55.2%
Payout Ratio 0%

EPC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EPC stock intrinsic value calculation we used $2298 million for the last fiscal year's total revenue generated by Edgewell Personal Care. The default revenue input number comes from 2017 income statement of Edgewell Personal Care. 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 EPC 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 5.8%, whose default value for EPC is calculated based on our internal credit rating of Edgewell Personal Care, 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 Edgewell Personal Care.
    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 EPC stock the variable cost ratio is equal to 87.7%.

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 EPC 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 5.4% for Edgewell Personal Care.

Corporate tax rate of 27% is the nominal tax rate for Edgewell Personal Care. 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 EPC stock is equal to 1%.

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 EPC are equal to 136.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Edgewell Personal Care 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 EPC is equal to 4.8%. 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 - $1742 million for Edgewell Personal Care - 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 57 million for Edgewell Personal Care 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 Edgewell Personal Care at the current share price and the inputted number of shares is $3.3 billion.

RELATED COMPANIES Price Int.Val. Rating
KMB Kimberly-Clark 119.56 53.18  str.sell
EL Estee Lauder C 135.94 58.11  str.sell
PG Procter&Gamble 83.69 67.31  hold
CL Colgate-Palmol 67.50 32.52  str.sell
CLX Clorox 147.53 81.74  sell
CHD Church&Dwight 57.15 40.11  hold

COMPANY NEWS

▶ Edgewell Personal: Fiscal 3Q Earnings Snapshot   [06:17AM  Associated Press]
▶ Energizer: Fiscal 3Q Earnings Snapshot   [Aug-01-18 07:13AM  Associated Press]
▶ Can You Match the Famous Mascot to the Brand?   [Jul-02-18 01:12PM  Kiplinger]
▶ Edgewell Personal: Fiscal 2Q Earnings Snapshot   [06:13AM  Associated Press]
▶ Energizer shares slide about 4% after earnings   [May-02-18 10:15AM  MarketWatch]
▶ Energizer: Fiscal 2Q Earnings Snapshot   [07:05AM  Associated Press]
▶ Energizer Q2 Earnings Preview   [May-01-18 03:24PM  Benzinga]
▶ Energizer Deal's Antitrust Approval Shocks Investors   [Apr-02-18 02:26PM  Bloomberg]
▶ Why Spectrum Brands Holdings, Inc. Stock Popped Today   [Mar-29-18 06:44PM  Motley Fool]
▶ Former P&G executive named CFO of rival firm   [Feb-15-18 02:57PM  American City Business Journals]
▶ Edgewell Personal misses Street 1Q forecasts   [06:17AM  Associated Press]
▶ Energizer beats Street 1Q forecasts   [06:53AM  Associated Press]
▶ What Happened in the Stock Market Today   [Jan-16-18 05:17PM  Motley Fool]
▶ Energizer spends $2 billion to add Rayovac brand   [08:01AM  Associated Press]
▶ 10 Awful Stocks to Kick to the Curb   [Jan-05-18 12:54PM  InvestorPlace]
▶ Energizer Has the Drumbeat to Power Higher   [Jan-04-18 10:44AM  TheStreet.com]
▶ When Should You Buy Energizer Holdings Inc (ENR)?   [Dec-07-17 06:53PM  Simply Wall St.]
▶ Edgewell Personal reports 4Q loss   [06:13AM  Associated Press]
Financial statements of EPC
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

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.