Intrinsic value of Forest City Realty Trust Cl A - FCE-A

Previous Close

$22.67

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$22.67

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

We calculate the intrinsic value of FCE-A 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
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, %
  -5.01
  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
  929
  930
  952
  976
  1,004
  1,034
  1,067
  1,104
  1,143
  1,185
  1,231
  1,280
  1,332
  1,387
  1,446
  1,508
  1,574
  1,644
  1,718
  1,796
  1,879
  1,966
  2,058
  2,154
  2,256
  2,364
  2,477
  2,596
  2,721
  2,853
  2,992
Variable operating expenses, $m
 
  1,268
  1,295
  1,327
  1,362
  1,402
  1,445
  1,492
  1,543
  1,597
  1,656
  1,654
  1,721
  1,793
  1,869
  1,949
  2,035
  2,125
  2,221
  2,322
  2,429
  2,541
  2,660
  2,785
  2,917
  3,056
  3,202
  3,356
  3,518
  3,688
  3,867
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
  1,311
  1,268
  1,295
  1,327
  1,362
  1,402
  1,445
  1,492
  1,543
  1,597
  1,656
  1,654
  1,721
  1,793
  1,869
  1,949
  2,035
  2,125
  2,221
  2,322
  2,429
  2,541
  2,660
  2,785
  2,917
  3,056
  3,202
  3,356
  3,518
  3,688
  3,867
Operating income, $m
  -381
  -337
  -344
  -351
  -359
  -368
  -377
  -388
  -400
  -412
  -425
  -375
  -390
  -406
  -423
  -441
  -461
  -481
  -503
  -526
  -550
  -575
  -602
  -631
  -661
  -692
  -725
  -760
  -797
  -835
  -876
EBITDA, $m
  -130
  629
  643
  660
  678
  699
  722
  746
  773
  801
  832
  865
  900
  938
  977
  1,019
  1,064
  1,111
  1,161
  1,214
  1,270
  1,329
  1,391
  1,457
  1,525
  1,598
  1,675
  1,755
  1,840
  1,929
  2,023
Interest expense (income), $m
  0
  122
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
  121
Earnings before tax, $m
  -454
  -459
  -464
  -471
  -479
  -488
  -498
  -509
  -520
  -533
  -546
  -495
  -510
  -527
  -544
  -562
  -581
  -602
  -623
  -646
  -670
  -696
  -723
  -751
  -781
  -812
  -846
  -880
  -917
  -956
  -996
Tax expense, $m
  4
  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
Net income, $m
  -416
  -459
  -464
  -471
  -479
  -488
  -498
  -509
  -520
  -533
  -546
  -495
  -510
  -527
  -544
  -562
  -581
  -602
  -623
  -646
  -670
  -696
  -723
  -751
  -781
  -812
  -846
  -880
  -917
  -956
  -996

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  175
  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
  8,229
  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
Adjusted assets (=assets-cash), $m
  8,054
  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
Revenue / Adjusted assets
  0.115
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Average production assets, $m
  6,751
  9,012
  9,219
  9,456
  9,722
  10,017
  10,341
  10,693
  11,074
  11,485
  11,925
  12,397
  12,900
  13,436
  14,005
  14,609
  15,249
  15,927
  16,644
  17,401
  18,201
  19,044
  19,934
  20,872
  21,860
  22,900
  23,996
  25,149
  26,363
  27,640
  28,983
Working capital, $m
  0
  -4,303
  -4,402
  -4,515
  -4,642
  -4,783
  -4,938
  -5,106
  -5,288
  -5,484
  -5,694
  -5,919
  -6,160
  -6,416
  -6,687
  -6,976
  -7,282
  -7,605
  -7,947
  -8,309
  -8,691
  -9,094
  -9,518
  -9,966
  -10,438
  -10,935
  -11,458
  -12,009
  -12,588
  -13,198
  -13,839
Total debt, $m
  3,566
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
  949
Total liabilities, $m
  4,945
  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 equity, $m
  3,284
  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 liabilities and equity, $m
  8,229
  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
Debt-to-equity ratio
  1.086
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  0.386
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -416
  -459
  -464
  -471
  -479
  -488
  -498
  -509
  -520
  -533
  -546
  -495
  -510
  -527
  -544
  -562
  -581
  -602
  -623
  -646
  -670
  -696
  -723
  -751
  -781
  -812
  -846
  -880
  -917
  -956
  -996
Depreciation, amort., depletion, $m
  251
  966
  987
  1,011
  1,037
  1,067
  1,099
  1,134
  1,172
  1,213
  1,258
  1,240
  1,290
  1,344
  1,401
  1,461
  1,525
  1,593
  1,664
  1,740
  1,820
  1,904
  1,993
  2,087
  2,186
  2,290
  2,400
  2,515
  2,636
  2,764
  2,898
Funds from operations, $m
  230
  507
  523
  539
  558
  578
  601
  626
  652
  681
  712
  745
  780
  817
  857
  899
  944
  991
  1,041
  1,094
  1,150
  1,208
  1,271
  1,336
  1,405
  1,478
  1,554
  1,635
  1,719
  1,808
  1,902
Change in working capital, $m
  -63
  -84
  -99
  -113
  -127
  -141
  -154
  -168
  -182
  -196
  -210
  -225
  -240
  -256
  -272
  -288
  -306
  -324
  -342
  -362
  -382
  -403
  -425
  -448
  -472
  -497
  -523
  -551
  -579
  -610
  -641
Cash from operations, $m
  293
  592
  622
  653
  685
  719
  755
  794
  834
  877
  922
  970
  1,020
  1,073
  1,129
  1,187
  1,249
  1,315
  1,383
  1,455
  1,531
  1,611
  1,695
  1,784
  1,877
  1,974
  2,077
  2,185
  2,299
  2,418
  2,543
Maintenance CAPEX, $m
  0
  -883
  -901
  -922
  -946
  -972
  -1,002
  -1,034
  -1,069
  -1,107
  -1,148
  -1,193
  -1,240
  -1,290
  -1,344
  -1,401
  -1,461
  -1,525
  -1,593
  -1,664
  -1,740
  -1,820
  -1,904
  -1,993
  -2,087
  -2,186
  -2,290
  -2,400
  -2,515
  -2,636
  -2,764
New CAPEX, $m
  -577
  -178
  -207
  -237
  -266
  -295
  -323
  -352
  -381
  -411
  -441
  -472
  -503
  -536
  -569
  -604
  -640
  -678
  -717
  -757
  -800
  -844
  -890
  -938
  -988
  -1,041
  -1,096
  -1,153
  -1,214
  -1,277
  -1,343
Cash from investing activities, $m
  -77
  -1,061
  -1,108
  -1,159
  -1,212
  -1,267
  -1,325
  -1,386
  -1,450
  -1,518
  -1,589
  -1,665
  -1,743
  -1,826
  -1,913
  -2,005
  -2,101
  -2,203
  -2,310
  -2,421
  -2,540
  -2,664
  -2,794
  -2,931
  -3,075
  -3,227
  -3,386
  -3,553
  -3,729
  -3,913
  -4,107
Free cash flow, $m
  216
  -470
  -487
  -506
  -527
  -548
  -570
  -592
  -616
  -641
  -667
  -694
  -723
  -753
  -784
  -817
  -852
  -888
  -926
  -966
  -1,008
  -1,052
  -1,099
  -1,147
  -1,199
  -1,252
  -1,309
  -1,368
  -1,430
  -1,495
  -1,564
Issuance/(repayment) of debt, $m
  -210
  -9
  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
Issuance/(repurchase) of shares, $m
  -7
  467
  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  
  -247
  458
  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 cash flow (excl. dividends), $m
  -31
  -11
  -487
  -506
  -527
  -548
  -570
  -592
  -616
  -641
  -667
  -694
  -723
  -753
  -784
  -817
  -852
  -888
  -926
  -966
  -1,008
  -1,052
  -1,099
  -1,147
  -1,199
  -1,252
  -1,309
  -1,368
  -1,430
  -1,495
  -1,564
Retained Cash Flow (-), $m
  234
  -467
  -464
  -471
  -479
  -488
  -498
  -509
  -520
  -533
  -546
  -495
  -510
  -527
  -544
  -562
  -581
  -602
  -623
  -646
  -670
  -696
  -723
  -751
  -781
  -812
  -846
  -880
  -917
  -956
  -996
Prev. year cash balance distribution, $m
 
  9
  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
 
  -467
  -464
  -471
  -479
  -488
  -498
  -509
  -520
  -533
  -546
  -495
  -510
  -527
  -544
  -562
  -581
  -602
  -623
  -646
  -670
  -696
  -723
  -751
  -781
  -812
  -846
  -880
  -917
  -956
  -996
Discount rate, %
 
  12.80
  13.44
  14.11
  14.82
  15.56
  16.34
  17.15
  18.01
  18.91
  19.86
  20.85
  21.89
  22.99
  24.14
  25.34
  26.61
  27.94
  29.34
  30.80
  32.34
  33.96
  35.66
  37.44
  39.32
  41.28
  43.35
  45.51
  47.79
  50.18
  52.69
PV of cash for distribution, $m
 
  -414
  -361
  -317
  -276
  -237
  -201
  -168
  -138
  -112
  -89
  -62
  -47
  -36
  -26
  -19
  -13
  -9
  -6
  -4
  -2
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Forest City Realty Trust, Inc. is engaged in operation, development, management and acquisition of office, retail and apartment real estate and land throughout the United States. The Company's segments include Office, Retail, Apartments, Development, Corporate and Other. Its Office segment owns, acquires and operates office and life science buildings. Its Retail segment owns, acquires and operates regional malls, specialty/urban retail centers and amenity retail within its mixed-use projects. Its Apartments segment owns, acquires and operates rental properties, including upscale and middle-market apartments, adaptive reuse developments and subsidized senior housing. Its Development segment represents the development and construction of office and life science buildings, regional malls, specialty/urban retail centers, amenity retail, apartments, condominiums and mixed-use projects.

FINANCIAL RATIOS  of  Forest City Realty Trust Cl A (FCE-A)

Valuation Ratios
P/E Ratio -14.1
Price to Sales 6.3
Price to Book 1.8
Price to Tangible Book
Price to Cash Flow 20
Price to Free Cash Flow -20.7
Growth Rates
Sales Growth Rate -5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 3.6%
Cap. Spend. - 3 Yr. Gr. Rate 4.5%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 108.6%
Total Debt to Equity 108.6%
Interest Coverage 0
Management Effectiveness
Return On Assets -4.6%
Ret/ On Assets - 3 Yr. Avg. 0.2%
Return On Total Capital -5.7%
Ret/ On T. Cap. - 3 Yr. Avg. 0.4%
Return On Equity -12.2%
Return On Equity - 3 Yr. Avg. 2%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 50.6%
Gross Margin - 3 Yr. Avg. 45.9%
EBITDA Margin -21.9%
EBITDA Margin - 3 Yr. Avg. 8.2%
Operating Margin -41.1%
Oper. Margin - 3 Yr. Avg. -10.5%
Pre-Tax Margin -48.9%
Pre-Tax Margin - 3 Yr. Avg. -18.5%
Net Profit Margin -44.8%
Net Profit Margin - 3 Yr. Avg. 1.5%
Effective Tax Rate -0.9%
Eff/ Tax Rate - 3 Yr. Avg. 530.5%
Payout Ratio -21.2%

FCE-A stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FCE-A stock intrinsic value calculation we used $912 million for the last fiscal year's total revenue generated by Forest City Realty Trust Cl A. The default revenue input number comes from 2016 income statement of Forest City Realty Trust 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 FCE-A 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 12.8%, whose default value for FCE-A is calculated based on our internal credit rating of Forest City Realty Trust 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 Forest City Realty Trust 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 FCE-A stock the variable cost ratio is equal to 136.4%.

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 FCE-A 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 12.7% for Forest City Realty Trust Cl A.

Corporate tax rate of 27% is the nominal tax rate for Forest City Realty Trust 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 FCE-A stock is equal to 2.1%.

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 FCE-A are equal to 968.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Forest City Realty Trust 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 FCE-A is equal to -462.6%. 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 - $0 million for Forest City Realty Trust 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 267 million for Forest City Realty Trust 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 Forest City Realty Trust Cl A at the current share price and the inputted number of shares is $6.1 billion.

RELATED COMPANIES Price Int.Val. Rating
LM Legg Mason 33.36 41.72  hold
BBY Best Buy 76.11 44.56  sell
DKS Dick's Spo 35.17 16.54  str.sell
ASNA Ascena Retail 3.64 2.79  buy
AMC AMC Entertainm 15.95 49.42  str.buy
TGT Target 77.76 81.40  hold
AGIO Agios Pharmace 91.06 2.00  str.sell
EXPR Express 9.83 24.04  str.buy

COMPANY NEWS

▶ Forest City board declares quarterly dividend   [May-15-18 03:22PM  PR Newswire]
▶ Forest City Reports 2018 First-Quarter Results   [May-03-18 04:15PM  PR Newswire]
▶ Forest City Seats New Independent Directors   [Apr-16-18 09:37PM  PR Newswire]
▶ Forest City decides to replace most of its board rather than sell   [Mar-23-18 02:59PM  American City Business Journals]
▶ Forest City closes sale of The Mall at Robinson to QIC   [Feb-16-18 08:30AM  PR Newswire]
▶ Forest City reports 4Q results   [Feb-08-18 07:03PM  Associated Press]
▶ Forest City announces 2017 dividend income tax treatment   [Jan-24-18 08:30AM  PR Newswire]
▶ Forest City closes sale of Antelope Valley Mall to QIC   [Jan-22-18 08:15AM  PR Newswire]
▶ Forest City closes sale of South Bay Galleria to QIC   [Dec-21-17 05:14PM  PR Newswire]
▶ Forest City board declares quarterly dividend   [Nov-29-17 09:12AM  PR Newswire]
▶ Stocks With Rising Relative Strength: Forest City Realty Trust   [Nov-08-17 03:00AM  Investor's Business Daily]
▶ Forest City reports 3Q results   [Nov-06-17 05:38AM  Associated Press]
▶ Forest City to weigh sale, merger to 'enhance shareholder value'   [07:15AM  American City Business Journals]
▶ Forest City Realty Trust Earns RS Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ /C O R R E C T I O N -- Forest City Realty Trust, Inc./   [Aug-22-17 05:00PM  PR Newswire]
Financial statements of FCE-A
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.