Intrinsic value of Eros International - EROS

Previous Close

$9.65

  Intrinsic Value

$3.29

stock screener

  Rating & Target

str. sell

-66%

Previous close

$9.65

 
Intrinsic value

$3.29

 
Up/down potential

-66%

 
Rating

str. sell

We calculate the intrinsic value of EROS 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 0.6

 

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, %
  -7.66
  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
  253
  258
  264
  271
  278
  287
  296
  306
  317
  329
  341
  355
  369
  385
  401
  418
  437
  456
  477
  498
  521
  545
  571
  598
  626
  656
  687
  720
  755
  791
  830
Variable operating expenses, $m
 
  110
  113
  116
  119
  122
  126
  131
  135
  140
  146
  151
  157
  164
  170
  178
  186
  194
  203
  212
  222
  232
  243
  254
  266
  279
  292
  306
  321
  336
  353
Fixed operating expenses, $m
 
  126
  129
  132
  136
  139
  143
  146
  150
  154
  157
  161
  165
  170
  174
  178
  183
  187
  192
  197
  202
  207
  212
  217
  222
  228
  234
  240
  246
  252
  258
Total operating expenses, $m
  228
  236
  242
  248
  255
  261
  269
  277
  285
  294
  303
  312
  322
  334
  344
  356
  369
  381
  395
  409
  424
  439
  455
  471
  488
  507
  526
  546
  567
  588
  611
Operating income, $m
  25
  22
  22
  23
  24
  25
  27
  29
  32
  35
  38
  43
  47
  52
  57
  62
  68
  75
  82
  90
  98
  107
  116
  127
  137
  149
  161
  174
  188
  203
  219
EBITDA, $m
  163
  163
  166
  170
  176
  182
  189
  196
  205
  214
  224
  236
  248
  261
  275
  290
  306
  323
  341
  361
  381
  403
  427
  451
  478
  505
  535
  566
  599
  633
  670
Interest expense (income), $m
  18
  10
  10
  11
  12
  13
  13
  14
  16
  17
  18
  19
  21
  22
  24
  26
  27
  29
  31
  34
  36
  38
  41
  44
  46
  49
  53
  56
  59
  63
  67
Earnings before tax, $m
  22
  12
  12
  12
  12
  13
  14
  15
  16
  18
  20
  23
  26
  29
  33
  37
  41
  46
  51
  56
  62
  69
  76
  83
  91
  100
  109
  119
  129
  140
  152
Tax expense, $m
  11
  3
  3
  3
  3
  3
  4
  4
  4
  5
  6
  6
  7
  8
  9
  10
  11
  12
  14
  15
  17
  19
  20
  22
  25
  27
  29
  32
  35
  38
  41
Net income, $m
  4
  9
  8
  9
  9
  9
  10
  11
  12
  13
  15
  17
  19
  21
  24
  27
  30
  33
  37
  41
  45
  50
  55
  61
  66
  73
  79
  87
  94
  102
  111

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  112
  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
  1,343
  1,253
  1,282
  1,314
  1,351
  1,392
  1,437
  1,486
  1,539
  1,596
  1,658
  1,723
  1,793
  1,868
  1,947
  2,031
  2,120
  2,214
  2,314
  2,419
  2,530
  2,647
  2,771
  2,901
  3,039
  3,183
  3,336
  3,496
  3,665
  3,842
  4,029
Adjusted assets (=assets-cash), $m
  1,231
  1,253
  1,282
  1,314
  1,351
  1,392
  1,437
  1,486
  1,539
  1,596
  1,658
  1,723
  1,793
  1,868
  1,947
  2,031
  2,120
  2,214
  2,314
  2,419
  2,530
  2,647
  2,771
  2,901
  3,039
  3,183
  3,336
  3,496
  3,665
  3,842
  4,029
Revenue / Adjusted assets
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
Average production assets, $m
  880
  898
  918
  942
  968
  998
  1,030
  1,065
  1,103
  1,144
  1,188
  1,235
  1,285
  1,338
  1,395
  1,455
  1,519
  1,586
  1,658
  1,733
  1,813
  1,897
  1,985
  2,079
  2,177
  2,281
  2,390
  2,505
  2,626
  2,753
  2,886
Working capital, $m
  46
  116
  119
  122
  126
  129
  134
  138
  143
  148
  154
  160
  167
  174
  181
  189
  197
  206
  215
  225
  235
  246
  257
  270
  282
  296
  310
  325
  340
  357
  374
Total debt, $m
  270
  166
  176
  187
  200
  214
  230
  247
  265
  285
  306
  329
  353
  379
  407
  436
  467
  499
  534
  570
  609
  650
  692
  738
  785
  836
  888
  944
  1,003
  1,064
  1,129
Total liabilities, $m
  539
  435
  445
  456
  469
  483
  499
  516
  534
  554
  575
  598
  622
  648
  676
  705
  736
  768
  803
  839
  878
  919
  961
  1,007
  1,054
  1,105
  1,157
  1,213
  1,272
  1,333
  1,398
Total equity, $m
  804
  818
  837
  858
  882
  909
  939
  971
  1,005
  1,042
  1,082
  1,125
  1,171
  1,220
  1,271
  1,326
  1,384
  1,446
  1,511
  1,579
  1,652
  1,729
  1,809
  1,895
  1,984
  2,079
  2,178
  2,283
  2,393
  2,509
  2,631
Total liabilities and equity, $m
  1,343
  1,253
  1,282
  1,314
  1,351
  1,392
  1,438
  1,487
  1,539
  1,596
  1,657
  1,723
  1,793
  1,868
  1,947
  2,031
  2,120
  2,214
  2,314
  2,418
  2,530
  2,648
  2,770
  2,902
  3,038
  3,184
  3,335
  3,496
  3,665
  3,842
  4,029
Debt-to-equity ratio
  0.336
  0.200
  0.210
  0.220
  0.230
  0.240
  0.240
  0.250
  0.260
  0.270
  0.280
  0.290
  0.300
  0.310
  0.320
  0.330
  0.340
  0.350
  0.350
  0.360
  0.370
  0.380
  0.380
  0.390
  0.400
  0.400
  0.410
  0.410
  0.420
  0.420
  0.430
Adjusted equity ratio
  0.562
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653
  0.653

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  4
  9
  8
  9
  9
  9
  10
  11
  12
  13
  15
  17
  19
  21
  24
  27
  30
  33
  37
  41
  45
  50
  55
  61
  66
  73
  79
  87
  94
  102
  111
Depreciation, amort., depletion, $m
  138
  141
  144
  148
  152
  156
  161
  167
  173
  179
  186
  193
  201
  209
  218
  227
  237
  248
  259
  271
  283
  296
  310
  325
  340
  356
  373
  391
  410
  430
  451
Funds from operations, $m
  7
  149
  152
  156
  161
  166
  171
  178
  185
  193
  201
  210
  220
  231
  242
  254
  267
  281
  296
  312
  329
  346
  365
  385
  407
  429
  453
  478
  504
  532
  562
Change in working capital, $m
  -92
  2
  3
  3
  3
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
  16
  17
Cash from operations, $m
  99
  147
  150
  153
  157
  162
  167
  173
  180
  187
  195
  204
  213
  224
  235
  246
  259
  272
  287
  302
  318
  336
  354
  373
  394
  416
  439
  463
  489
  516
  545
Maintenance CAPEX, $m
  0
  -138
  -140
  -143
  -147
  -151
  -156
  -161
  -166
  -172
  -179
  -186
  -193
  -201
  -209
  -218
  -227
  -237
  -248
  -259
  -271
  -283
  -296
  -310
  -325
  -340
  -356
  -373
  -391
  -410
  -430
New CAPEX, $m
  -174
  -18
  -21
  -24
  -26
  -29
  -32
  -35
  -38
  -41
  -44
  -47
  -50
  -53
  -57
  -60
  -64
  -67
  -71
  -75
  -80
  -84
  -89
  -93
  -98
  -104
  -109
  -115
  -121
  -127
  -134
Cash from investing activities, $m
  -175
  -156
  -161
  -167
  -173
  -180
  -188
  -196
  -204
  -213
  -223
  -233
  -243
  -254
  -266
  -278
  -291
  -304
  -319
  -334
  -351
  -367
  -385
  -403
  -423
  -444
  -465
  -488
  -512
  -537
  -564
Free cash flow, $m
  -76
  -8
  -11
  -14
  -17
  -19
  -21
  -23
  -24
  -26
  -27
  -29
  -30
  -30
  -31
  -32
  -32
  -32
  -32
  -32
  -32
  -32
  -31
  -30
  -29
  -28
  -27
  -25
  -23
  -21
  -19
Issuance/(repayment) of debt, $m
  -26
  8
  10
  11
  13
  14
  16
  17
  18
  20
  21
  23
  24
  26
  27
  29
  31
  33
  35
  37
  39
  41
  43
  45
  48
  50
  53
  56
  59
  62
  65
Issuance/(repurchase) of shares, $m
  31
  5
  10
  13
  15
  18
  19
  21
  23
  24
  25
  26
  27
  27
  28
  28
  28
  28
  28
  28
  27
  26
  26
  25
  23
  22
  20
  18
  16
  14
  11
Cash from financing (excl. dividends), $m  
  6
  13
  20
  24
  28
  32
  35
  38
  41
  44
  46
  49
  51
  53
  55
  57
  59
  61
  63
  65
  66
  67
  69
  70
  71
  72
  73
  74
  75
  76
  76
Total cash flow (excl. dividends), $m
  -71
  5
  9
  10
  12
  13
  14
  15
  17
  18
  19
  20
  21
  23
  24
  25
  27
  29
  30
  32
  34
  35
  37
  39
  42
  44
  46
  49
  51
  54
  56
Retained Cash Flow (-), $m
  -64
  -14
  -19
  -22
  -24
  -27
  -29
  -32
  -35
  -37
  -40
  -43
  -46
  -49
  -52
  -55
  -58
  -62
  -65
  -69
  -73
  -77
  -81
  -85
  -90
  -94
  -99
  -105
  -110
  -116
  -122
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
 
  -9
  -10
  -11
  -12
  -14
  -15
  -17
  -18
  -20
  -21
  -23
  -25
  -26
  -28
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -46
  -48
  -51
  -53
  -56
  -59
  -62
  -65
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
 
  -9
  -9
  -10
  -10
  -11
  -11
  -11
  -11
  -11
  -11
  -11
  -10
  -10
  -9
  -9
  -8
  -7
  -6
  -6
  -5
  -4
  -4
  -3
  -2
  -2
  -2
  -1
  -1
  -1
  0
Current shareholders' claim on cash, %
  100
  99.1
  97.4
  95.4
  93.1
  90.6
  88.0
  85.4
  82.7
  80.1
  77.6
  75.1
  72.8
  70.5
  68.4
  66.4
  64.5
  62.8
  61.1
  59.6
  58.3
  57.0
  55.9
  54.8
  53.9
  53.1
  52.4
  51.8
  51.3
  50.9
  50.6

Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company's principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now. As of March 31, 2016, its distribution network extends to over 50 countries, such as the United States, the United Kingdom, the Middle East, Germany, Poland, Russia, Romania, Indonesia and Arabic speaking countries. It conducts global operations through its Indian and international subsidiaries, including Eros International Media Limited.

FINANCIAL RATIOS  of  Eros International (EROS)

Valuation Ratios
P/E Ratio 146.4
Price to Sales 2.3
Price to Book 0.7
Price to Tangible Book
Price to Cash Flow 5.9
Price to Free Cash Flow -7.8
Growth Rates
Sales Growth Rate -7.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -18.7%
Cap. Spend. - 3 Yr. Gr. Rate 1.3%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 11.2%
Total Debt to Equity 33.6%
Interest Coverage 2
Management Effectiveness
Return On Assets 1%
Ret/ On Assets - 3 Yr. Avg. 2.1%
Return On Total Capital 0.4%
Ret/ On T. Cap. - 3 Yr. Avg. 1.7%
Return On Equity 0.5%
Return On Equity - 3 Yr. Avg. 2.5%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 35.2%
Gross Margin - 3 Yr. Avg. 39.2%
EBITDA Margin 70.4%
EBITDA Margin - 3 Yr. Avg. 66.2%
Operating Margin 9.9%
Oper. Margin - 3 Yr. Avg. 16.8%
Pre-Tax Margin 8.7%
Pre-Tax Margin - 3 Yr. Avg. 13.5%
Net Profit Margin 1.6%
Net Profit Margin - 3 Yr. Avg. 5.7%
Effective Tax Rate 50%
Eff/ Tax Rate - 3 Yr. Avg. 40.7%
Payout Ratio 0%

EROS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EROS stock intrinsic value calculation we used $253 million for the last fiscal year's total revenue generated by Eros International. The default revenue input number comes from 2017 income statement of Eros International. 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 EROS 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 4.3%, whose default value for EROS is calculated based on our internal credit rating of Eros International, 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 Eros International.
    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 EROS stock the variable cost ratio is equal to 42.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $123 million in the base year in the intrinsic value calculation for EROS 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 6.3% for Eros International.

Corporate tax rate of 27% is the nominal tax rate for Eros International. 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 EROS 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 EROS are equal to 347.8%.

Life of production assets of 6.4 years is the average useful life of capital assets used in Eros International 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 EROS is equal to 45.1%. 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 - $804 million for Eros International - 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 60.699 million for Eros International 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 Eros International at the current share price and the inputted number of shares is $0.6 billion.

RELATED COMPANIES Price Int.Val. Rating
FOXA 21st Century F 32.75 30.06  hold
VIAB Viacom Cl B 29.52 144.32  str.buy
SNE Sony ADR 44.65 168.99  str.buy
RCI Rogers Communi 50.74 20.23  str.sell
DIS Walt Disney 107.61 104.06  hold

COMPANY NEWS

▶ Eros reports 2Q loss   [Nov-22-17 09:17AM  Associated Press]
▶ High Growth NYSE Stocks   [Nov-18-17 11:02AM  Simply Wall St.]
▶ Eros International Announces Indian Subsidiary Results   [Nov-14-17 08:57AM  Business Wire]
▶ Why Does Roku Stock Keep Climbing Higher?   [Nov-13-17 11:49AM  Zacks]
▶ Eros Now Announces Association with Roku   [09:02AM  Business Wire]
▶ [$$] Eros International: court short   [11:50AM  Financial Times]
▶ Eros reports 1Q loss   [08:05AM  Associated Press]
▶ Eros International Shows Rising Price Performance With Jump To 80 RS Rating   [Oct-02-17 03:00AM  Investor's Business Daily]
▶ Eros Now Announces Content Deal with Dharma Productions   [Sep-21-17 09:28AM  Business Wire]
▶ Stocks To Watch: Eros International Sees Relative Strength Rating Jump To 85   [Sep-19-17 03:00AM  Investor's Business Daily]
▶ Eros Now Partners with Opera TV   [08:15AM  Business Wire]
▶ Eros reports 4Q loss   [Jul-28-17 11:14PM  Associated Press]
▶ [$$] Overheard   [09:35PM  The Wall Street Journal]
▶ The Latest Slasher Film: Eros Earnings   [10:53AM  The Wall Street Journal]
▶ Eros International Announces Indian Subsidiary Results   [May-26-17 08:30AM  Business Wire]
▶ Eros Now Partners with T-Mobiles Binge On   [May-15-17 08:27AM  Business Wire]
▶ Eros Now Available on Amazon Fire TV Stick   [Apr-20-17 08:54AM  Business Wire]
▶ Eros International Extends Revolving Credit Facility   [Apr-03-17 08:15AM  Business Wire]
▶ Eros International Rebuts Market Speculation   [Mar-09-17 08:53AM  Business Wire]
▶ Bollywood film maker Eros pitches high-yield bonds   [Mar-05-17 10:20PM  Reuters]
▶ Eros misses 3Q profit forecasts   [Feb-21-17 08:34AM  Associated Press]
▶ Eros International Announces Indian Subsidiary Results   [Feb-10-17 10:05AM  Business Wire]
▶ Is Eros International plc (EROS) Worthy of Your Portfolio?   [Dec-20-16 03:10PM  at Insider Monkey]
▶ Eros Now Announces Over Two Million Paid Subscribers   [Dec-08-16 09:32AM  Business Wire]
Financial statements of EROS
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.