Intrinsic value of Finish Line Cl A - FINL

Previous Close

$15.28

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$15.28

 
Intrinsic value

$2.80

 
Up/down potential

-82%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of FINL 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, %
  -2.38
  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
  1,844
  1,881
  1,924
  1,974
  2,029
  2,091
  2,158
  2,232
  2,311
  2,397
  2,489
  2,587
  2,692
  2,804
  2,923
  3,049
  3,183
  3,324
  3,474
  3,632
  3,799
  3,975
  4,160
  4,356
  4,562
  4,779
  5,008
  5,249
  5,502
  5,769
  6,049
Variable operating expenses, $m
 
  1,851
  1,893
  1,942
  1,997
  2,057
  2,124
  2,196
  2,274
  2,359
  2,449
  2,546
  2,649
  2,759
  2,876
  3,000
  3,132
  3,271
  3,418
  3,574
  3,738
  3,911
  4,094
  4,286
  4,489
  4,703
  4,928
  5,165
  5,414
  5,676
  5,952
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
  1,790
  1,851
  1,893
  1,942
  1,997
  2,057
  2,124
  2,196
  2,274
  2,359
  2,449
  2,546
  2,649
  2,759
  2,876
  3,000
  3,132
  3,271
  3,418
  3,574
  3,738
  3,911
  4,094
  4,286
  4,489
  4,703
  4,928
  5,165
  5,414
  5,676
  5,952
Operating income, $m
  54
  30
  31
  32
  32
  33
  35
  36
  37
  38
  40
  41
  43
  45
  47
  49
  51
  53
  56
  58
  61
  64
  67
  70
  73
  76
  80
  84
  88
  92
  97
EBITDA, $m
  98
  55
  56
  57
  59
  61
  63
  65
  67
  70
  72
  75
  78
  81
  85
  88
  92
  96
  101
  105
  110
  115
  121
  126
  132
  139
  145
  152
  160
  167
  175
Interest expense (income), $m
  0
  0
  0
  0
  1
  1
  1
  2
  2
  3
  3
  4
  4
  5
  5
  6
  7
  7
  8
  9
  10
  11
  12
  13
  14
  15
  16
  18
  19
  20
  22
Earnings before tax, $m
  54
  30
  31
  31
  32
  32
  33
  34
  35
  36
  37
  38
  39
  40
  41
  43
  44
  46
  47
  49
  51
  53
  55
  57
  59
  61
  64
  66
  69
  72
  75
Tax expense, $m
  19
  8
  8
  8
  9
  9
  9
  9
  9
  10
  10
  10
  11
  11
  11
  12
  12
  12
  13
  13
  14
  14
  15
  15
  16
  17
  17
  18
  19
  19
  20
Net income, $m
  -18
  22
  22
  23
  23
  24
  24
  25
  25
  26
  27
  28
  28
  29
  30
  31
  32
  33
  35
  36
  37
  38
  40
  41
  43
  45
  47
  48
  50
  52
  55

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  91
  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
  746
  668
  684
  701
  721
  743
  767
  793
  821
  851
  884
  919
  956
  996
  1,038
  1,083
  1,131
  1,181
  1,234
  1,290
  1,349
  1,412
  1,478
  1,547
  1,621
  1,698
  1,779
  1,865
  1,955
  2,049
  2,149
Adjusted assets (=assets-cash), $m
  655
  668
  684
  701
  721
  743
  767
  793
  821
  851
  884
  919
  956
  996
  1,038
  1,083
  1,131
  1,181
  1,234
  1,290
  1,349
  1,412
  1,478
  1,547
  1,621
  1,698
  1,779
  1,865
  1,955
  2,049
  2,149
Revenue / Adjusted assets
  2.815
  2.816
  2.813
  2.816
  2.814
  2.814
  2.814
  2.815
  2.815
  2.817
  2.816
  2.815
  2.816
  2.815
  2.816
  2.815
  2.814
  2.815
  2.815
  2.816
  2.816
  2.815
  2.815
  2.816
  2.814
  2.814
  2.815
  2.814
  2.814
  2.816
  2.815
Average production assets, $m
  120
  122
  125
  128
  132
  136
  140
  145
  150
  156
  162
  168
  175
  182
  190
  198
  207
  216
  226
  236
  247
  258
  270
  283
  297
  311
  326
  341
  358
  375
  393
Working capital, $m
  269
  182
  187
  191
  197
  203
  209
  216
  224
  232
  241
  251
  261
  272
  284
  296
  309
  322
  337
  352
  368
  386
  404
  423
  443
  464
  486
  509
  534
  560
  587
Total debt, $m
  0
  6
  13
  21
  30
  39
  50
  62
  75
  88
  103
  119
  135
  153
  172
  192
  214
  236
  260
  285
  312
  340
  370
  401
  434
  468
  505
  543
  584
  626
  671
Total liabilities, $m
  295
  300
  307
  315
  324
  333
  344
  356
  369
  382
  397
  413
  429
  447
  466
  486
  508
  530
  554
  579
  606
  634
  664
  695
  728
  762
  799
  837
  878
  920
  965
Total equity, $m
  452
  368
  377
  386
  397
  409
  422
  437
  452
  469
  487
  506
  527
  549
  572
  597
  623
  651
  680
  711
  744
  778
  814
  853
  893
  936
  980
  1,027
  1,077
  1,129
  1,184
Total liabilities and equity, $m
  747
  668
  684
  701
  721
  742
  766
  793
  821
  851
  884
  919
  956
  996
  1,038
  1,083
  1,131
  1,181
  1,234
  1,290
  1,350
  1,412
  1,478
  1,548
  1,621
  1,698
  1,779
  1,864
  1,955
  2,049
  2,149
Debt-to-equity ratio
  0.000
  0.020
  0.030
  0.050
  0.070
  0.100
  0.120
  0.140
  0.160
  0.190
  0.210
  0.230
  0.260
  0.280
  0.300
  0.320
  0.340
  0.360
  0.380
  0.400
  0.420
  0.440
  0.450
  0.470
  0.490
  0.500
  0.510
  0.530
  0.540
  0.550
  0.570
Adjusted equity ratio
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -18
  22
  22
  23
  23
  24
  24
  25
  25
  26
  27
  28
  28
  29
  30
  31
  32
  33
  35
  36
  37
  38
  40
  41
  43
  45
  47
  48
  50
  52
  55
Depreciation, amort., depletion, $m
  44
  24
  25
  26
  26
  27
  28
  29
  30
  31
  32
  34
  35
  36
  38
  40
  41
  43
  45
  47
  49
  52
  54
  57
  59
  62
  65
  68
  72
  75
  79
Funds from operations, $m
  75
  46
  47
  48
  50
  51
  52
  54
  55
  57
  59
  61
  63
  66
  68
  71
  74
  77
  80
  83
  86
  90
  94
  98
  102
  107
  112
  117
  122
  127
  133
Change in working capital, $m
  -24
  4
  4
  5
  5
  6
  7
  7
  8
  8
  9
  10
  10
  11
  12
  12
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
Cash from operations, $m
  99
  -77
  43
  44
  44
  45
  46
  47
  48
  49
  50
  52
  53
  55
  57
  59
  61
  63
  65
  68
  70
  73
  76
  79
  82
  86
  89
  93
  97
  102
  106
Maintenance CAPEX, $m
  0
  -24
  -24
  -25
  -26
  -26
  -27
  -28
  -29
  -30
  -31
  -32
  -34
  -35
  -36
  -38
  -40
  -41
  -43
  -45
  -47
  -49
  -52
  -54
  -57
  -59
  -62
  -65
  -68
  -72
  -75
New CAPEX, $m
  -66
  -3
  -3
  -3
  -4
  -4
  -4
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
Cash from investing activities, $m
  -74
  -27
  -27
  -28
  -30
  -30
  -31
  -33
  -34
  -36
  -37
  -38
  -41
  -42
  -44
  -46
  -49
  -50
  -53
  -55
  -58
  -60
  -64
  -67
  -70
  -73
  -77
  -81
  -84
  -89
  -93
Free cash flow, $m
  25
  -103
  16
  15
  15
  14
  14
  14
  14
  13
  13
  13
  13
  13
  13
  12
  12
  12
  12
  12
  12
  12
  12
  12
  12
  12
  12
  13
  13
  13
  13
Issuance/(repayment) of debt, $m
  0
  6
  7
  8
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  23
  24
  25
  27
  28
  30
  31
  33
  35
  36
  38
  40
  43
  45
Issuance/(repurchase) of shares, $m
  -78
  13
  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  
  -79
  19
  7
  8
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  23
  24
  25
  27
  28
  30
  31
  33
  35
  36
  38
  40
  43
  45
Total cash flow (excl. dividends), $m
  -54
  -97
  23
  23
  24
  24
  25
  26
  26
  27
  28
  29
  30
  30
  31
  33
  34
  35
  36
  37
  39
  40
  42
  43
  45
  47
  49
  51
  53
  55
  58
Retained Cash Flow (-), $m
  76
  -7
  -8
  -10
  -11
  -12
  -13
  -14
  -16
  -17
  -18
  -19
  -21
  -22
  -23
  -25
  -26
  -28
  -29
  -31
  -33
  -34
  -36
  -38
  -40
  -43
  -45
  -47
  -50
  -52
  -55
Prev. year cash balance distribution, $m
 
  91
  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
 
  0
  14
  14
  13
  12
  12
  11
  11
  10
  10
  9
  9
  9
  8
  8
  8
  7
  7
  6
  6
  6
  6
  5
  5
  5
  4
  4
  3
  3
  3
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
 
  0
  13
  12
  11
  10
  8
  8
  7
  6
  5
  4
  4
  3
  3
  2
  2
  2
  1
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3
  97.3

The Finish Line, Inc., together with its subsidiaries, operates as a specialty retailer of athletic shoes, apparel, and accessories in the United States. It operates in two divisions, the Finish Line and JackRabbit. The company’s Finish Line division engages in the in-store and online retail of athletic shoes for Macy’s Retail Holdings, Inc.; Macy’s Puerto Rico, Inc.; and Macys.com, Inc., as well as online at macys.com. This division offers men’s, women’s, and kids’ athletic shoes, as well as an assortment of accessories of Nike, Skechers, Converse, Puma, New Balance, Adidas, and other brands. As of April 2, 2016, the company operated Finish Line shops in 392 Macy’s department stores in 37 states in the United States, the District of Columbia, and Puerto Rico. Its JackRabbit division retails lifestyle products, such as running shoes, apparel, and accessories of Brooks, Asics, Nike, Saucony, New Balance, and other brands. It also operates the e-commerce sites jackrabbit.com and boulderrunningcompany.com. The company operated 72 JackRabbit stores in 17 states in the United States and the District of Columbia. The company also offers products through its e-commerce site, finishline.com and mobile commerce site, m.finishline.com. The company was founded in 1976 and is based in Indianapolis, Indiana.

FINANCIAL RATIOS  of  Finish Line Cl A (FINL)

Valuation Ratios
P/E Ratio -34.4
Price to Sales 0.3
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 6.3
Price to Free Cash Flow 18.8
Growth Rates
Sales Growth Rate -2.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate -4.2%
Financial Strength
Quick Ratio NaN
Current Ratio 0.3
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets -2.3%
Ret/ On Assets - 3 Yr. Avg. 3.4%
Return On Total Capital -3.7%
Ret/ On T. Cap. - 3 Yr. Avg. 4.8%
Return On Equity -3.7%
Return On Equity - 3 Yr. Avg. 4.8%
Asset Turnover 2.4
Profitability Ratios
Gross Margin 29.7%
Gross Margin - 3 Yr. Avg. 30.9%
EBITDA Margin 5.3%
EBITDA Margin - 3 Yr. Avg. 5.8%
Operating Margin 2.9%
Oper. Margin - 3 Yr. Avg. 3.7%
Pre-Tax Margin 2.9%
Pre-Tax Margin - 3 Yr. Avg. 3.7%
Net Profit Margin -1%
Net Profit Margin - 3 Yr. Avg. 1.6%
Effective Tax Rate 35.2%
Eff/ Tax Rate - 3 Yr. Avg. 32.5%
Payout Ratio -88.9%

FINL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FINL stock intrinsic value calculation we used $1844 million for the last fiscal year's total revenue generated by Finish Line Cl A. The default revenue input number comes from 2017 income statement of Finish Line 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 FINL 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 FINL is calculated based on our internal credit rating of Finish Line 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 Finish Line 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 FINL stock the variable cost ratio is equal to 98.4%.

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 FINL 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 3.5% for Finish Line Cl A.

Corporate tax rate of 27% is the nominal tax rate for Finish Line 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 FINL 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 FINL are equal to 6.5%.

Life of production assets of 2.7 years is the average useful life of capital assets used in Finish Line 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 FINL is equal to 9.7%. 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 - $452 million for Finish Line 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 40.333 million for Finish Line 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 Finish Line Cl A at the current share price and the inputted number of shares is $0.6 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
FL Foot Locker 76.60 139.16  str.buy
BOOT Boot Barn Hold 10.56 14.81  buy
GCO Genesco 51.95 67.96  buy
CAL Caleres 28.42 24.75  hold
DSW DSW Cl A 20.87 27.36  buy
SCVL Shoe Carnival 25.51 18.53  sell

COMPANY NEWS

▶ Foot Locker Sees Weak Earnings: Here's Why The Stock Is Rising   [Apr-20-17 04:38PM  Investor's Business Daily]
▶ Sports Direct Takes 7.9% Stake in Finish Line   [Apr-17-17 10:12AM  TheStreet.com]
▶ Finish Line Declares Quarterly Cash Dividend   [Apr-13-17 12:07PM  Business Wire]
▶ The big battle in today's call of the day   [Apr-03-17 01:29PM  CNBC Videos]
▶ 5 Top Dividend Stocks in the Footwear Industry   [Apr-01-17 11:46AM  Motley Fool]
▶ Lululemon: Time For Lemonade?   [Mar-30-17 02:57PM  Barrons.com]
▶ New Strong Sell Stocks for March 29th   [Mar-29-17 09:57AM  Investopedia]
▶ What Happened in the Stock Market Today   [04:52PM  Motley Fool]
▶ Why Finish Line Inc. Stock Sank Today   [02:21PM  at Motley Fool]
▶ Finish Line Brings Back College Hoops Bracket Challenge   [Mar-09-17 04:36PM  Business Wire]
▶ [$$] Finish Line Sells 65 Running-Shoe Stores...for $0   [03:25PM  at The Wall Street Journal]
▶ These 3 Stocks Just Raised Their Dividends   [Feb-14-17 12:49PM  at Motley Fool]
▶ Finish Line to Exit JackRabbit   [05:14PM  Business Wire]
▶ Finish Line Declares Quarterly Cash Dividend   [12:52PM  Business Wire]
▶ Under Armour's Most Disappointing Product in 2016   [Jan-05-17 09:11PM  at Motley Fool]
▶ Retail Check Up: The Finish Line   [Dec-31-16 01:00PM  at Forbes]
▶ Suddenly, Finish Line is Very Unpopular   [10:27AM  at Barrons.com]
Stock chart of FINL Financial statements of FINL
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.