Intrinsic value of Eaton Vance - EV

Previous Close

$53.36

  Intrinsic Value

$76.65

stock screener

  Rating & Target

buy

+44%

Previous close

$53.36

 
Intrinsic value

$76.65

 
Up/down potential

+44%

 
Rating

buy

Our model is not good at valuating stocks of financial companies, such as EV.

We calculate the intrinsic value of EV 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, %
  13.85
  13.90
  13.01
  12.21
  11.49
  10.84
  10.26
  9.73
  9.26
  8.83
  8.45
  8.10
  7.79
  7.51
  7.26
  7.04
  6.83
  6.65
  6.48
  6.34
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.58
  5.52
  5.47
  5.42
Revenue, $m
  1,529
  1,742
  1,968
  2,208
  2,462
  2,729
  3,009
  3,302
  3,607
  3,926
  4,257
  4,602
  4,961
  5,334
  5,721
  6,124
  6,542
  6,977
  7,430
  7,900
  8,390
  8,901
  9,432
  9,987
  10,565
  11,168
  11,798
  12,455
  13,143
  13,861
  14,612
Variable operating expenses, $m
 
  1,096
  1,234
  1,380
  1,535
  1,697
  1,868
  2,046
  2,232
  2,426
  2,628
  2,804
  3,022
  3,249
  3,485
  3,730
  3,985
  4,250
  4,526
  4,813
  5,111
  5,422
  5,746
  6,084
  6,436
  6,803
  7,187
  7,587
  8,006
  8,444
  8,901
Fixed operating expenses, $m
 
  84
  86
  88
  89
  91
  93
  95
  98
  100
  102
  104
  106
  109
  111
  114
  116
  119
  121
  124
  127
  130
  132
  135
  138
  141
  144
  148
  151
  154
  158
Total operating expenses, $m
  1,052
  1,180
  1,320
  1,468
  1,624
  1,788
  1,961
  2,141
  2,330
  2,526
  2,730
  2,908
  3,128
  3,358
  3,596
  3,844
  4,101
  4,369
  4,647
  4,937
  5,238
  5,552
  5,878
  6,219
  6,574
  6,944
  7,331
  7,735
  8,157
  8,598
  9,059
Operating income, $m
  477
  562
  649
  741
  838
  940
  1,048
  1,160
  1,277
  1,400
  1,527
  1,695
  1,832
  1,976
  2,125
  2,280
  2,441
  2,608
  2,782
  2,964
  3,152
  3,349
  3,554
  3,768
  3,991
  4,223
  4,466
  4,720
  4,986
  5,263
  5,553
EBITDA, $m
  496
  639
  731
  829
  932
  1,041
  1,155
  1,274
  1,399
  1,529
  1,665
  1,805
  1,952
  2,104
  2,263
  2,427
  2,598
  2,776
  2,961
  3,154
  3,355
  3,564
  3,781
  4,008
  4,245
  4,493
  4,751
  5,020
  5,302
  5,597
  5,905
Interest expense (income), $m
  26
  34
  44
  55
  66
  78
  90
  103
  117
  131
  146
  161
  177
  194
  211
  229
  248
  268
  288
  309
  331
  354
  378
  402
  428
  455
  483
  513
  543
  575
  609
Earnings before tax, $m
  469
  528
  605
  686
  772
  863
  958
  1,057
  1,161
  1,269
  1,381
  1,533
  1,655
  1,782
  1,913
  2,050
  2,192
  2,340
  2,494
  2,655
  2,821
  2,995
  3,176
  3,365
  3,562
  3,768
  3,983
  4,208
  4,442
  4,688
  4,944
Tax expense, $m
  173
  143
  163
  185
  208
  233
  259
  285
  313
  343
  373
  414
  447
  481
  517
  554
  592
  632
  673
  717
  762
  809
  858
  909
  962
  1,017
  1,075
  1,136
  1,199
  1,266
  1,335
Net income, $m
  282
  385
  441
  501
  564
  630
  699
  772
  847
  926
  1,008
  1,119
  1,208
  1,301
  1,397
  1,497
  1,600
  1,708
  1,821
  1,938
  2,060
  2,186
  2,319
  2,457
  2,601
  2,751
  2,908
  3,072
  3,243
  3,422
  3,609

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  611
  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
  2,331
  2,592
  2,929
  3,286
  3,664
  4,061
  4,477
  4,913
  5,368
  5,842
  6,335
  6,849
  7,383
  7,937
  8,514
  9,113
  9,735
  10,383
  11,056
  11,756
  12,485
  13,245
  14,036
  14,861
  15,721
  16,619
  17,556
  18,535
  19,557
  20,626
  21,744
Adjusted assets (=assets-cash), $m
  1,720
  2,592
  2,929
  3,286
  3,664
  4,061
  4,477
  4,913
  5,368
  5,842
  6,335
  6,849
  7,383
  7,937
  8,514
  9,113
  9,735
  10,383
  11,056
  11,756
  12,485
  13,245
  14,036
  14,861
  15,721
  16,619
  17,556
  18,535
  19,557
  20,626
  21,744
Revenue / Adjusted assets
  0.889
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
  0.672
Average production assets, $m
  69
  420
  474
  532
  593
  658
  725
  796
  869
  946
  1,026
  1,109
  1,196
  1,285
  1,379
  1,476
  1,577
  1,681
  1,791
  1,904
  2,022
  2,145
  2,273
  2,407
  2,546
  2,691
  2,843
  3,002
  3,167
  3,340
  3,522
Working capital, $m
  0
  -78
  -89
  -99
  -111
  -123
  -135
  -149
  -162
  -177
  -192
  -207
  -223
  -240
  -257
  -276
  -294
  -314
  -334
  -356
  -378
  -401
  -424
  -449
  -475
  -503
  -531
  -560
  -591
  -624
  -658
Total debt, $m
  631
  815
  1,010
  1,218
  1,437
  1,667
  1,908
  2,161
  2,425
  2,700
  2,986
  3,284
  3,593
  3,915
  4,249
  4,597
  4,958
  5,333
  5,724
  6,130
  6,553
  6,994
  7,452
  7,931
  8,430
  8,950
  9,494
  10,062
  10,655
  11,275
  11,923
Total liabilities, $m
  1,320
  1,503
  1,699
  1,906
  2,125
  2,355
  2,597
  2,850
  3,113
  3,388
  3,675
  3,972
  4,282
  4,604
  4,938
  5,285
  5,646
  6,022
  6,412
  6,819
  7,242
  7,682
  8,141
  8,619
  9,118
  9,639
  10,182
  10,750
  11,343
  11,963
  12,612
Total equity, $m
  1,011
  1,088
  1,230
  1,380
  1,539
  1,706
  1,881
  2,063
  2,255
  2,454
  2,661
  2,877
  3,101
  3,334
  3,576
  3,827
  4,089
  4,361
  4,643
  4,938
  5,244
  5,563
  5,895
  6,242
  6,603
  6,980
  7,374
  7,785
  8,214
  8,663
  9,133
Total liabilities and equity, $m
  2,331
  2,591
  2,929
  3,286
  3,664
  4,061
  4,478
  4,913
  5,368
  5,842
  6,336
  6,849
  7,383
  7,938
  8,514
  9,112
  9,735
  10,383
  11,055
  11,757
  12,486
  13,245
  14,036
  14,861
  15,721
  16,619
  17,556
  18,535
  19,557
  20,626
  21,745
Debt-to-equity ratio
  0.624
  0.750
  0.820
  0.880
  0.930
  0.980
  1.010
  1.050
  1.080
  1.100
  1.120
  1.140
  1.160
  1.170
  1.190
  1.200
  1.210
  1.220
  1.230
  1.240
  1.250
  1.260
  1.260
  1.270
  1.280
  1.280
  1.290
  1.290
  1.300
  1.300
  1.310
Adjusted equity ratio
  0.233
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  282
  385
  441
  501
  564
  630
  699
  772
  847
  926
  1,008
  1,119
  1,208
  1,301
  1,397
  1,497
  1,600
  1,708
  1,821
  1,938
  2,060
  2,186
  2,319
  2,457
  2,601
  2,751
  2,908
  3,072
  3,243
  3,422
  3,609
Depreciation, amort., depletion, $m
  19
  77
  82
  88
  94
  101
  107
  114
  122
  130
  138
  111
  120
  129
  138
  148
  158
  168
  179
  190
  202
  215
  227
  241
  255
  269
  284
  300
  317
  334
  352
Funds from operations, $m
  -313
  462
  524
  589
  658
  730
  806
  886
  969
  1,056
  1,146
  1,230
  1,328
  1,429
  1,535
  1,644
  1,758
  1,877
  2,000
  2,128
  2,262
  2,401
  2,546
  2,697
  2,855
  3,020
  3,192
  3,372
  3,560
  3,756
  3,962
Change in working capital, $m
  -378
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -17
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -30
  -31
  -32
  -34
Cash from operations, $m
  65
  472
  534
  600
  669
  742
  819
  899
  983
  1,070
  1,161
  1,246
  1,344
  1,446
  1,552
  1,662
  1,777
  1,896
  2,020
  2,149
  2,284
  2,424
  2,570
  2,722
  2,881
  3,047
  3,220
  3,401
  3,591
  3,788
  3,995
Maintenance CAPEX, $m
  0
  -37
  -42
  -47
  -53
  -59
  -66
  -73
  -80
  -87
  -95
  -103
  -111
  -120
  -129
  -138
  -148
  -158
  -168
  -179
  -190
  -202
  -215
  -227
  -241
  -255
  -269
  -284
  -300
  -317
  -334
New CAPEX, $m
  -13
  -51
  -55
  -58
  -61
  -64
  -67
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -109
  -113
  -118
  -123
  -128
  -134
  -139
  -145
  -152
  -159
  -166
  -173
  -181
Cash from investing activities, $m
  -91
  -88
  -97
  -105
  -114
  -123
  -133
  -144
  -154
  -164
  -175
  -186
  -197
  -210
  -222
  -235
  -249
  -263
  -277
  -292
  -308
  -325
  -343
  -361
  -380
  -400
  -421
  -443
  -466
  -490
  -515
Free cash flow, $m
  -26
  384
  437
  494
  555
  619
  686
  756
  830
  906
  986
  1,060
  1,147
  1,237
  1,330
  1,427
  1,529
  1,634
  1,743
  1,857
  1,975
  2,099
  2,227
  2,361
  2,501
  2,647
  2,799
  2,958
  3,125
  3,299
  3,480
Issuance/(repayment) of debt, $m
  61
  183
  196
  207
  219
  230
  242
  253
  264
  275
  286
  298
  310
  322
  334
  347
  361
  375
  390
  406
  423
  440
  459
  478
  499
  521
  544
  568
  593
  620
  648
Issuance/(repurchase) of shares, $m
  85
  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  
  336
  183
  196
  207
  219
  230
  242
  253
  264
  275
  286
  298
  310
  322
  334
  347
  361
  375
  390
  406
  423
  440
  459
  478
  499
  521
  544
  568
  593
  620
  648
Total cash flow (excl. dividends), $m
  312
  567
  633
  702
  774
  849
  927
  1,009
  1,093
  1,181
  1,272
  1,358
  1,456
  1,558
  1,664
  1,775
  1,890
  2,009
  2,134
  2,263
  2,398
  2,539
  2,686
  2,840
  3,000
  3,168
  3,343
  3,526
  3,718
  3,919
  4,129
Retained Cash Flow (-), $m
  -307
  -132
  -142
  -150
  -159
  -167
  -175
  -183
  -191
  -199
  -207
  -216
  -224
  -233
  -242
  -252
  -261
  -272
  -283
  -294
  -306
  -319
  -332
  -346
  -361
  -377
  -394
  -411
  -430
  -449
  -469
Prev. year cash balance distribution, $m
 
  55
  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
 
  80
  91
  102
  115
  128
  142
  156
  172
  188
  204
  221
  239
  258
  277
  298
  318
  340
  363
  386
  411
  436
  463
  490
  519
  549
  581
  613
  648
  683
  721
Cash available for distribution, $m
 
  490
  491
  552
  615
  682
  752
  826
  902
  982
  1,065
  1,142
  1,232
  1,325
  1,422
  1,523
  1,628
  1,737
  1,851
  1,969
  2,092
  2,220
  2,354
  2,493
  2,639
  2,791
  2,949
  3,115
  3,288
  3,470
  3,659
Discount rate, %
 
  5.40
  5.67
  5.95
  6.25
  6.56
  6.89
  7.24
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.18
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.04
  15.80
  16.59
  17.42
  18.29
  19.20
  20.16
  21.17
  22.23
PV of cash for distribution, $m
 
  465
  440
  464
  483
  497
  504
  506
  502
  492
  476
  452
  427
  398
  366
  332
  297
  261
  227
  193
  162
  133
  108
  85
  66
  50
  37
  27
  19
  13
  9
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

Eaton Vance Corp. is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. The Company operates as an investment advisor to funds and separate accounts. The Company, through its subsidiaries and other affiliates, manages active equity, income and alternative strategies across a range of investment styles and asset classes, including the United States and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds. Through its subsidiary, the Company also manages a range of engineered alpha strategies, including systematic equity, systematic alternatives and managed options strategies. The Company's open-end fund lineup includes tax-managed equity funds, and non-tax-managed equity and multi-asset funds. The Company's family of closed-end funds includes municipal bond, domestic and global equity, and bank loan.

FINANCIAL RATIOS  of  Eaton Vance (EV)

Valuation Ratios
P/E Ratio 22.4
Price to Sales 4.1
Price to Book 6.3
Price to Tangible Book
Price to Cash Flow 97.3
Price to Free Cash Flow 121.6
Growth Rates
Sales Growth Rate 13.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 18.2%
Cap. Spend. - 3 Yr. Gr. Rate 10.2%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 62.4%
Total Debt to Equity 62.4%
Interest Coverage 19
Management Effectiveness
Return On Assets 14.7%
Ret/ On Assets - 3 Yr. Avg. 13.5%
Return On Total Capital 19.3%
Ret/ On T. Cap. - 3 Yr. Avg. 17.2%
Return On Equity 32.9%
Return On Equity - 3 Yr. Avg. 35.1%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 84%
Gross Margin - 3 Yr. Avg. 82%
EBITDA Margin 33.6%
EBITDA Margin - 3 Yr. Avg. 32.5%
Operating Margin 31.2%
Oper. Margin - 3 Yr. Avg. 30.2%
Pre-Tax Margin 30.7%
Pre-Tax Margin - 3 Yr. Avg. 29.1%
Net Profit Margin 18.4%
Net Profit Margin - 3 Yr. Avg. 17.6%
Effective Tax Rate 36.9%
Eff/ Tax Rate - 3 Yr. Avg. 37.8%
Payout Ratio 44.7%

EV stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EV stock intrinsic value calculation we used $1529 million for the last fiscal year's total revenue generated by Eaton Vance. The default revenue input number comes from 2017 income statement of Eaton Vance. 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 EV stock valuation model: a) initial revenue growth rate of 13.9% 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 5.4%, whose default value for EV is calculated based on our internal credit rating of Eaton Vance, 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 Eaton Vance.
    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 EV stock the variable cost ratio is equal to 63.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $82 million in the base year in the intrinsic value calculation for EV 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 Eaton Vance.

Corporate tax rate of 27% is the nominal tax rate for Eaton Vance. 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 EV stock is equal to 5.2%.

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 EV are equal to 24.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Eaton Vance 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 EV is equal to -4.5%. 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 - $1011 million for Eaton Vance - 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 111 million for Eaton Vance 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 Eaton Vance at the current share price and the inputted number of shares is $5.9 billion.

RELATED COMPANIES Price Int.Val. Rating
GROW U.S. Global In 2.11 0.40  str.sell
LM Legg Mason 33.36 41.72  hold
BEN Franklin Resou 31.98 52.41  str.buy
WDR Waddell&Reed F 19.05 35.48  str.buy
APAM Artisan Partne 31.45 57.69  str.buy

COMPANY NEWS

▶ Is EEIAX a Strong Bond Fund Right Now?   [Jul-12-18 07:32AM  Zacks]
▶ Is EEIAX a Strong Bond Fund Right Now?   [Jul-03-18 07:16AM  Zacks]
▶ Municipal Bond Market Preps for Reinvestment Season   [May-30-18 11:21AM  Bloomberg Video]
▶ Eaton Vance: Fiscal 2Q Earnings Snapshot   [09:21AM  Associated Press]
▶ Eaton Vance's Stein Says Fed Should Scrap Dot Plots   [May-17-18 01:00AM  Bloomberg Video]
▶ Eaton Vance's Eddie Perkin on Exxon Earnings and Outlook   [Apr-27-18 09:11AM  Bloomberg Video]
▶ April Best Value-Adding Stocks   [07:02AM  Simply Wall St.]
▶ [$$] Investing With a Clean Conscience   [Apr-20-18 03:19PM  Barrons.com]
▶ Eaton Vance Corp. Declares Quarterly Dividend   [Apr-11-18 02:41PM  PR Newswire]
▶ Best Mutual Fund Managers See Silver Lining In Weak Q1 Stock Performance   [Apr-06-18 04:25PM  Investor's Business Daily]
▶ Eaton Vance beats 1Q profit forecasts   [09:19AM  Associated Press]
▶ Eaton Vance Corp. to Host Earnings Call   [09:15AM  ACCESSWIRE]
▶ NextShares to Ring the Nasdaq Stock Market Closing Bell   [Feb-06-18 10:00AM  GlobeNewswire]
▶ Eaton Vance Announces Senior Leadership Changes   [Jan-16-18 09:15AM  PR Newswire]
▶ Launch of Calvert Ultra-Short Duration Income NextShares   [Jan-11-18 10:14AM  PR Newswire]
▶ Eaton Vance Corp. Declares Quarterly Dividend   [Jan-10-18 02:08PM  PR Newswire]
Financial statements of EV
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.