Intrinsic value of Gannett - GCI

Previous Close

$8.91

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$8.91

 
Intrinsic value

$50.99

 
Up/down potential

+472%

 
Rating

str. buy

 
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 GCI 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 2016), $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 1.0

 

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, %
  5.62
  17.30
  16.07
  14.96
  13.97
  13.07
  12.26
  11.54
  10.88
  10.29
  9.77
  9.29
  8.86
  8.47
  8.13
  7.81
  7.53
  7.28
  7.05
  6.85
  6.66
  6.50
  6.35
  6.21
  6.09
  5.98
  5.88
  5.79
  5.72
  5.64
  5.58
Revenue, $m
  3,047
  3,574
  4,148
  4,769
  5,435
  6,146
  6,899
  7,695
  8,533
  9,411
  10,330
  11,290
  12,290
  13,332
  14,415
  15,541
  16,712
  17,928
  19,193
  20,507
  21,873
  23,293
  24,772
  26,310
  27,913
  29,582
  31,322
  33,137
  35,031
  37,008
  39,073
Variable operating expenses, $m
 
  3,355
  3,883
  4,453
  5,065
  5,718
  6,411
  7,143
  7,912
  8,720
  9,564
  10,376
  11,296
  12,253
  13,249
  14,284
  15,360
  16,478
  17,640
  18,848
  20,103
  21,409
  22,767
  24,182
  25,654
  27,189
  28,788
  30,456
  32,197
  34,014
  35,912
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
  2,968
  3,355
  3,883
  4,453
  5,065
  5,718
  6,411
  7,143
  7,912
  8,720
  9,564
  10,376
  11,296
  12,253
  13,249
  14,284
  15,360
  16,478
  17,640
  18,848
  20,103
  21,409
  22,767
  24,182
  25,654
  27,189
  28,788
  30,456
  32,197
  34,014
  35,912
Operating income, $m
  79
  219
  266
  316
  370
  427
  488
  553
  621
  692
  766
  913
  994
  1,079
  1,166
  1,257
  1,352
  1,451
  1,553
  1,659
  1,770
  1,885
  2,004
  2,129
  2,258
  2,393
  2,534
  2,681
  2,834
  2,994
  3,161
EBITDA, $m
  212
  388
  450
  517
  590
  667
  748
  835
  926
  1,021
  1,120
  1,225
  1,333
  1,446
  1,564
  1,686
  1,813
  1,945
  2,082
  2,224
  2,372
  2,527
  2,687
  2,854
  3,028
  3,209
  3,397
  3,594
  3,800
  4,014
  4,238
Interest expense (income), $m
  10
  20
  37
  56
  76
  98
  121
  146
  172
  199
  228
  258
  289
  321
  355
  391
  428
  466
  505
  547
  589
  634
  680
  729
  779
  831
  885
  942
  1,001
  1,063
  1,128
Earnings before tax, $m
  66
  199
  229
  260
  294
  330
  367
  407
  449
  493
  538
  656
  706
  757
  811
  867
  925
  985
  1,047
  1,113
  1,180
  1,251
  1,324
  1,400
  1,480
  1,562
  1,649
  1,739
  1,833
  1,931
  2,034
Tax expense, $m
  13
  54
  62
  70
  79
  89
  99
  110
  121
  133
  145
  177
  190
  204
  219
  234
  250
  266
  283
  300
  319
  338
  357
  378
  399
  422
  445
  469
  495
  521
  549
Net income, $m
  53
  146
  167
  190
  214
  241
  268
  297
  328
  360
  393
  479
  515
  553
  592
  633
  675
  719
  765
  812
  862
  913
  966
  1,022
  1,080
  1,141
  1,204
  1,269
  1,338
  1,410
  1,485

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  114
  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
  2,845
  3,203
  3,717
  4,274
  4,870
  5,507
  6,182
  6,895
  7,646
  8,433
  9,257
  10,116
  11,013
  11,946
  12,917
  13,926
  14,975
  16,065
  17,198
  18,375
  19,599
  20,872
  22,197
  23,575
  25,011
  26,507
  28,067
  29,693
  31,390
  33,162
  35,012
Adjusted assets (=assets-cash), $m
  2,731
  3,203
  3,717
  4,274
  4,870
  5,507
  6,182
  6,895
  7,646
  8,433
  9,257
  10,116
  11,013
  11,946
  12,917
  13,926
  14,975
  16,065
  17,198
  18,375
  19,599
  20,872
  22,197
  23,575
  25,011
  26,507
  28,067
  29,693
  31,390
  33,162
  35,012
Revenue / Adjusted assets
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
  1.116
Average production assets, $m
  1,100
  1,290
  1,498
  1,722
  1,962
  2,219
  2,491
  2,778
  3,080
  3,397
  3,729
  4,076
  4,437
  4,813
  5,204
  5,610
  6,033
  6,472
  6,929
  7,403
  7,896
  8,409
  8,943
  9,498
  10,076
  10,679
  11,307
  11,963
  12,646
  13,360
  14,105
Working capital, $m
  32
  -97
  -112
  -129
  -147
  -166
  -186
  -208
  -230
  -254
  -279
  -305
  -332
  -360
  -389
  -420
  -451
  -484
  -518
  -554
  -591
  -629
  -669
  -710
  -754
  -799
  -846
  -895
  -946
  -999
  -1,055
Total debt, $m
  400
  744
  1,118
  1,523
  1,958
  2,421
  2,913
  3,432
  3,978
  4,551
  5,151
  5,777
  6,429
  7,109
  7,815
  8,550
  9,314
  10,107
  10,932
  11,789
  12,680
  13,607
  14,571
  15,575
  16,620
  17,709
  18,845
  20,029
  21,264
  22,554
  23,901
Total liabilities, $m
  1,988
  2,332
  2,706
  3,111
  3,546
  4,009
  4,501
  5,020
  5,566
  6,139
  6,739
  7,365
  8,017
  8,697
  9,403
  10,138
  10,902
  11,695
  12,520
  13,377
  14,268
  15,195
  16,159
  17,163
  18,208
  19,297
  20,433
  21,617
  22,852
  24,142
  25,489
Total equity, $m
  857
  871
  1,011
  1,162
  1,325
  1,498
  1,682
  1,876
  2,080
  2,294
  2,518
  2,752
  2,995
  3,249
  3,513
  3,788
  4,073
  4,370
  4,678
  4,998
  5,331
  5,677
  6,038
  6,413
  6,803
  7,210
  7,634
  8,076
  8,538
  9,020
  9,523
Total liabilities and equity, $m
  2,845
  3,203
  3,717
  4,273
  4,871
  5,507
  6,183
  6,896
  7,646
  8,433
  9,257
  10,117
  11,012
  11,946
  12,916
  13,926
  14,975
  16,065
  17,198
  18,375
  19,599
  20,872
  22,197
  23,576
  25,011
  26,507
  28,067
  29,693
  31,390
  33,162
  35,012
Debt-to-equity ratio
  0.467
  0.850
  1.110
  1.310
  1.480
  1.620
  1.730
  1.830
  1.910
  1.980
  2.050
  2.100
  2.150
  2.190
  2.220
  2.260
  2.290
  2.310
  2.340
  2.360
  2.380
  2.400
  2.410
  2.430
  2.440
  2.460
  2.470
  2.480
  2.490
  2.500
  2.510
Adjusted equity ratio
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272
  0.272

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  53
  146
  167
  190
  214
  241
  268
  297
  328
  360
  393
  479
  515
  553
  592
  633
  675
  719
  765
  812
  862
  913
  966
  1,022
  1,080
  1,141
  1,204
  1,269
  1,338
  1,410
  1,485
Depreciation, amort., depletion, $m
  133
  168
  184
  201
  220
  239
  260
  282
  305
  329
  354
  311
  339
  367
  397
  428
  461
  494
  529
  565
  603
  642
  683
  725
  769
  815
  863
  913
  965
  1,020
  1,077
Funds from operations, $m
  151
  314
  351
  391
  434
  480
  528
  579
  633
  689
  748
  790
  854
  920
  989
  1,061
  1,136
  1,213
  1,294
  1,377
  1,464
  1,555
  1,649
  1,747
  1,849
  1,956
  2,067
  2,183
  2,303
  2,430
  2,561
Change in working capital, $m
  -15
  -14
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -32
  -33
  -34
  -35
  -37
  -38
  -40
  -42
  -43
  -45
  -47
  -49
  -51
  -53
  -56
Cash from operations, $m
  166
  471
  367
  408
  452
  499
  548
  601
  655
  713
  772
  816
  881
  948
  1,018
  1,091
  1,167
  1,246
  1,328
  1,413
  1,501
  1,593
  1,689
  1,789
  1,893
  2,001
  2,114
  2,232
  2,355
  2,483
  2,617
Maintenance CAPEX, $m
  0
  -84
  -98
  -114
  -131
  -150
  -169
  -190
  -212
  -235
  -259
  -285
  -311
  -339
  -367
  -397
  -428
  -461
  -494
  -529
  -565
  -603
  -642
  -683
  -725
  -769
  -815
  -863
  -913
  -965
  -1,020
New CAPEX, $m
  -60
  -190
  -207
  -224
  -240
  -256
  -272
  -287
  -302
  -317
  -332
  -346
  -361
  -376
  -391
  -407
  -423
  -439
  -456
  -474
  -493
  -513
  -534
  -555
  -578
  -603
  -628
  -655
  -684
  -714
  -745
Cash from investing activities, $m
  -519
  -274
  -305
  -338
  -371
  -406
  -441
  -477
  -514
  -552
  -591
  -631
  -672
  -715
  -758
  -804
  -851
  -900
  -950
  -1,003
  -1,058
  -1,116
  -1,176
  -1,238
  -1,303
  -1,372
  -1,443
  -1,518
  -1,597
  -1,679
  -1,765
Free cash flow, $m
  -353
  197
  61
  69
  80
  93
  107
  123
  141
  160
  181
  185
  209
  234
  260
  287
  316
  346
  377
  410
  443
  478
  513
  551
  589
  629
  670
  713
  758
  804
  852
Issuance/(repayment) of debt, $m
  400
  344
  375
  405
  435
  463
  492
  519
  546
  573
  600
  626
  653
  679
  707
  735
  764
  794
  825
  857
  891
  927
  964
  1,004
  1,045
  1,089
  1,135
  1,184
  1,235
  1,290
  1,347
Issuance/(repurchase) of shares, $m
  -32
  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  
  364
  344
  375
  405
  435
  463
  492
  519
  546
  573
  600
  626
  653
  679
  707
  735
  764
  794
  825
  857
  891
  927
  964
  1,004
  1,045
  1,089
  1,135
  1,184
  1,235
  1,290
  1,347
Total cash flow (excl. dividends), $m
  11
  540
  435
  474
  515
  556
  599
  642
  687
  733
  781
  811
  861
  913
  967
  1,022
  1,080
  1,140
  1,202
  1,267
  1,334
  1,404
  1,478
  1,554
  1,634
  1,718
  1,806
  1,897
  1,993
  2,094
  2,199
Retained Cash Flow (-), $m
  202
  -128
  -140
  -151
  -162
  -173
  -184
  -194
  -204
  -214
  -224
  -234
  -244
  -254
  -264
  -275
  -285
  -296
  -308
  -320
  -333
  -346
  -360
  -375
  -391
  -407
  -424
  -442
  -462
  -482
  -503
Prev. year cash balance distribution, $m
 
  114
  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
 
  526
  295
  323
  352
  383
  415
  448
  483
  519
  557
  577
  617
  659
  703
  748
  795
  843
  894
  946
  1,001
  1,058
  1,117
  1,179
  1,244
  1,311
  1,381
  1,455
  1,531
  1,612
  1,695
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
 
  505
  270
  281
  290
  297
  301
  303
  302
  298
  292
  274
  263
  251
  236
  220
  202
  183
  165
  146
  127
  109
  93
  77
  63
  51
  40
  31
  24
  18
  13
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

Gannett Co., Inc. operates as a news and information company. The company operates through Publishing and ReachLocal segments. The company offers approximately print and digital daily and non-daily publications under the USA TODAY brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 165 news brands and 55 magazines in the United Kingdom. Gannett Co., Inc. operations comprise 129 daily publications and digital platforms the United States and the United Kingdom; and 490 non-daily publications in the United States and 150 such titles in the United Kingdom. It also provides commercial printing, distribution, marketing, and data services; and owns s1 and Exchange & Mart digital businesses, and a specialist magazine business. In addition, the company offers digital marketing solutions comprising ReachSearch, ReachDisplay, ReachSocial Ads, and ReachRetargeting digital advertising solutions; ReachSite+ReachEdge, ReachSEO, ReachCast, ReachListings, and TotalLiveChat Web presence solutions; and ReachEdge, a marketing automation platform, as well as Kickserv, a cloud-based business management software for service businesses. The company was formerly known as Gannett SpinCo, Inc. and changed its name to Gannett Co., Inc. in May 2015. Gannett Co., Inc. was incorporated in 2014 and is headquartered in McLean, Virginia.

FINANCIAL RATIOS  of  Gannett (GCI)

Valuation Ratios
P/E Ratio 19
Price to Sales 0.3
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 6.1
Price to Free Cash Flow 9.5
Growth Rates
Sales Growth Rate 5.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 11.1%
Cap. Spend. - 3 Yr. Gr. Rate 2.1%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 46.7%
Total Debt to Equity 46.7%
Interest Coverage 8
Management Effectiveness
Return On Assets 2.3%
Ret/ On Assets - 3 Yr. Avg. 5.7%
Return On Total Capital 4.6%
Ret/ On T. Cap. - 3 Yr. Avg. 12.8%
Return On Equity 5.5%
Return On Equity - 3 Yr. Avg. 13.1%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 36.6%
Gross Margin - 3 Yr. Avg. 37%
EBITDA Margin 6.9%
EBITDA Margin - 3 Yr. Avg. 9.9%
Operating Margin 2.6%
Oper. Margin - 3 Yr. Avg. 5.6%
Pre-Tax Margin 2.2%
Pre-Tax Margin - 3 Yr. Avg. 5.9%
Net Profit Margin 1.7%
Net Profit Margin - 3 Yr. Avg. 4.5%
Effective Tax Rate 19.7%
Eff/ Tax Rate - 3 Yr. Avg. 22.8%
Payout Ratio 175.5%

GCI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GCI stock intrinsic value calculation we used $3047 million for the last fiscal year's total revenue generated by Gannett. The default revenue input number comes from 2016 income statement of Gannett. 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 GCI stock valuation model: a) initial revenue growth rate of 17.3% 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 GCI is calculated based on our internal credit rating of Gannett, 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 Gannett.
    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 GCI stock the variable cost ratio is equal to 94.2%.

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 GCI 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% for Gannett.

Corporate tax rate of 27% is the nominal tax rate for Gannett. 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 GCI 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 GCI are equal to 36.1%.

Life of production assets of 13.1 years is the average useful life of capital assets used in Gannett 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 GCI is equal to -2.7%. 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 - $857 million for Gannett - 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 112.802 million for Gannett 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 Gannett at the current share price and the inputted number of shares is $1.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
SSP E.W. Scripps C 22.19 382.05  str.buy
GTN Gray Televisio 14.65 118.56  str.buy
SBGI Sinclair Broad 39.90 170.48  str.buy
NXST Nexstar Media 69.10 118.19  str.buy
CBS CBS Cl B 66.84 40.27  sell
DISH DISH Network C 59.61 10.03  str.sell
T AT&T 39.93 38.49  hold

COMPANY NEWS

▶ Can Gannett Post $3.2 Billion in Revenue This Year?   [Apr-17-17 06:40AM  24/7 Wall St.]
▶ Tronc's Back-and-Forth Boardroom Battle Royale   [Apr-04-17 11:58AM  TheStreet.com]
▶ [$$] Tronc/Oaktree: Follow the buyout money   [Mar-27-17 03:46PM  Financial Times]
▶ [$$] Tronc/Oaktree: Follow the buyout money   [03:46PM  at Financial Times]
▶ Gannett Share Price Shows Doubts About New Tronc Bid   [Mar-25-17 09:30AM  24/7 Wall St.]
▶ Tronc's Drama Never Ends   [09:52AM  Bloomberg]
▶ [$$] Tronc Top Investors Face Off in Bitter Feud   [Mar-22-17 07:34PM  at The Wall Street Journal]
▶ Gannett Announces 2017 Full-Year Guidance   [07:00AM  Business Wire]
▶ [$$] Tronc Swings to a Profit   [Feb-22-17 07:43PM  at The Wall Street Journal]
▶ Gannett declares regular quarterly dividend   [04:15PM  Business Wire]
▶ [$$] Newspapers subscribe to a paying digital future   [Feb-14-17 11:31PM  at Financial Times]
▶ Gannett Announces Annual Meeting Date   [12:43PM  Business Wire]
▶ [$$] Gannett Results Helped by Acquisitions   [09:36AM  at The Wall Street Journal]
▶ USA TODAY Launches 29th Annual Ad Meter   [Jan-31-17 09:30AM  Business Wire]
Stock chart of GCI Financial statements of GCI
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.