Intrinsic value of Golden Entertainment - GDEN

Previous Close

$34.01

  Intrinsic Value

$23.37

stock screener

  Rating & Target

sell

-31%

Previous close

$34.01

 
Intrinsic value

$23.37

 
Up/down potential

-31%

 
Rating

sell

We calculate the intrinsic value of GDEN 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, %
  127.68
  26.40
  24.26
  22.33
  20.60
  19.04
  17.64
  16.37
  15.24
  14.21
  13.29
  12.46
  11.72
  11.04
  10.44
  9.90
  9.41
  8.97
  8.57
  8.21
  7.89
  7.60
  7.34
  7.11
  6.90
  6.71
  6.54
  6.38
  6.24
  6.12
  6.01
Revenue, $m
  403
  645
  801
  980
  1,182
  1,407
  1,655
  1,926
  2,219
  2,535
  2,872
  3,229
  3,608
  4,006
  4,425
  4,862
  5,320
  5,797
  6,293
  6,810
  7,348
  7,906
  8,486
  9,090
  9,717
  10,368
  11,046
  11,751
  12,485
  13,249
  14,045
Variable operating expenses, $m
 
  615
  757
  918
  1,101
  1,305
  1,529
  1,775
  2,040
  2,326
  2,631
  2,923
  3,265
  3,626
  4,004
  4,401
  4,815
  5,246
  5,696
  6,163
  6,650
  7,155
  7,681
  8,227
  8,794
  9,384
  9,997
  10,635
  11,299
  11,991
  12,711
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
  390
  615
  757
  918
  1,101
  1,305
  1,529
  1,775
  2,040
  2,326
  2,631
  2,923
  3,265
  3,626
  4,004
  4,401
  4,815
  5,246
  5,696
  6,163
  6,650
  7,155
  7,681
  8,227
  8,794
  9,384
  9,997
  10,635
  11,299
  11,991
  12,711
Operating income, $m
  13
  30
  44
  61
  81
  102
  126
  151
  179
  209
  241
  307
  343
  380
  420
  462
  505
  550
  598
  647
  698
  751
  806
  863
  923
  985
  1,049
  1,116
  1,186
  1,258
  1,334
EBITDA, $m
  41
  159
  198
  242
  292
  348
  409
  476
  549
  627
  710
  799
  892
  991
  1,094
  1,202
  1,315
  1,433
  1,556
  1,684
  1,817
  1,955
  2,098
  2,248
  2,403
  2,564
  2,731
  2,906
  3,087
  3,276
  3,473
Interest expense (income), $m
  6
  52
  67
  84
  104
  126
  150
  177
  207
  239
  274
  311
  350
  391
  435
  481
  529
  579
  631
  686
  742
  801
  862
  926
  992
  1,061
  1,132
  1,207
  1,284
  1,364
  1,448
Earnings before tax, $m
  12
  -22
  -22
  -22
  -23
  -24
  -25
  -26
  -28
  -30
  -33
  -4
  -7
  -11
  -15
  -19
  -24
  -29
  -34
  -39
  -45
  -50
  -57
  -63
  -69
  -76
  -83
  -91
  -98
  -106
  -114
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
  16
  -22
  -22
  -22
  -23
  -24
  -25
  -26
  -28
  -30
  -33
  -4
  -7
  -11
  -15
  -19
  -24
  -29
  -34
  -39
  -45
  -50
  -57
  -63
  -69
  -76
  -83
  -91
  -98
  -106
  -114

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  47
  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
  419
  1,710
  2,125
  2,599
  3,135
  3,732
  4,390
  5,108
  5,887
  6,723
  7,617
  8,566
  9,570
  10,627
  11,736
  12,897
  14,111
  15,376
  16,693
  18,064
  19,489
  20,971
  22,511
  24,111
  25,773
  27,502
  29,300
  31,170
  33,116
  35,143
  37,254
Adjusted assets (=assets-cash), $m
  372
  1,710
  2,125
  2,599
  3,135
  3,732
  4,390
  5,108
  5,887
  6,723
  7,617
  8,566
  9,570
  10,627
  11,736
  12,897
  14,111
  15,376
  16,693
  18,064
  19,489
  20,971
  22,511
  24,111
  25,773
  27,502
  29,300
  31,170
  33,116
  35,143
  37,254
Revenue / Adjusted assets
  1.083
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
  0.377
Average production assets, $m
  155
  982
  1,220
  1,492
  1,800
  2,143
  2,520
  2,933
  3,380
  3,860
  4,373
  4,918
  5,495
  6,102
  6,739
  7,405
  8,102
  8,828
  9,585
  10,372
  11,190
  12,041
  12,925
  13,844
  14,798
  15,791
  16,823
  17,897
  19,014
  20,178
  21,390
Working capital, $m
  32
  -17
  -22
  -26
  -32
  -38
  -45
  -52
  -60
  -68
  -78
  -87
  -97
  -108
  -119
  -131
  -144
  -157
  -170
  -184
  -198
  -213
  -229
  -245
  -262
  -280
  -298
  -317
  -337
  -358
  -379
Total debt, $m
  183
  1,237
  1,554
  1,917
  2,327
  2,783
  3,287
  3,837
  4,432
  5,072
  5,756
  6,482
  7,250
  8,058
  8,907
  9,795
  10,723
  11,691
  12,699
  13,748
  14,838
  15,972
  17,149
  18,373
  19,645
  20,968
  22,343
  23,774
  25,263
  26,813
  28,428
Total liabilities, $m
  210
  1,308
  1,625
  1,988
  2,398
  2,855
  3,358
  3,908
  4,503
  5,143
  5,827
  6,553
  7,321
  8,129
  8,978
  9,867
  10,795
  11,762
  12,770
  13,819
  14,909
  16,043
  17,221
  18,445
  19,717
  21,039
  22,414
  23,845
  25,334
  26,884
  28,499
Total equity, $m
  209
  402
  499
  611
  737
  877
  1,032
  1,200
  1,383
  1,580
  1,790
  2,013
  2,249
  2,497
  2,758
  3,031
  3,316
  3,613
  3,923
  4,245
  4,580
  4,928
  5,290
  5,666
  6,057
  6,463
  6,885
  7,325
  7,782
  8,259
  8,755
Total liabilities and equity, $m
  419
  1,710
  2,124
  2,599
  3,135
  3,732
  4,390
  5,108
  5,886
  6,723
  7,617
  8,566
  9,570
  10,626
  11,736
  12,898
  14,111
  15,375
  16,693
  18,064
  19,489
  20,971
  22,511
  24,111
  25,774
  27,502
  29,299
  31,170
  33,116
  35,143
  37,254
Debt-to-equity ratio
  0.876
  3.080
  3.110
  3.140
  3.160
  3.170
  3.190
  3.200
  3.200
  3.210
  3.220
  3.220
  3.220
  3.230
  3.230
  3.230
  3.230
  3.240
  3.240
  3.240
  3.240
  3.240
  3.240
  3.240
  3.240
  3.240
  3.240
  3.250
  3.250
  3.250
  3.250
Adjusted equity ratio
  0.435
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235
  0.235

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  16
  -22
  -22
  -22
  -23
  -24
  -25
  -26
  -28
  -30
  -33
  -4
  -7
  -11
  -15
  -19
  -24
  -29
  -34
  -39
  -45
  -50
  -57
  -63
  -69
  -76
  -83
  -91
  -98
  -106
  -114
Depreciation, amort., depletion, $m
  28
  130
  154
  181
  212
  246
  284
  325
  370
  418
  469
  492
  549
  610
  674
  741
  810
  883
  958
  1,037
  1,119
  1,204
  1,292
  1,384
  1,480
  1,579
  1,682
  1,790
  1,901
  2,018
  2,139
Funds from operations, $m
  35
  107
  131
  158
  189
  222
  259
  299
  342
  387
  436
  488
  542
  599
  659
  721
  786
  854
  925
  998
  1,074
  1,154
  1,236
  1,321
  1,410
  1,503
  1,599
  1,699
  1,803
  1,912
  2,025
Change in working capital, $m
  -2
  -4
  -4
  -5
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -21
Cash from operations, $m
  37
  111
  135
  163
  194
  228
  266
  306
  349
  396
  445
  497
  552
  610
  670
  733
  799
  867
  938
  1,012
  1,089
  1,169
  1,252
  1,338
  1,427
  1,520
  1,617
  1,718
  1,823
  1,932
  2,046
Maintenance CAPEX, $m
  0
  -78
  -98
  -122
  -149
  -180
  -214
  -252
  -293
  -338
  -386
  -437
  -492
  -549
  -610
  -674
  -741
  -810
  -883
  -958
  -1,037
  -1,119
  -1,204
  -1,292
  -1,384
  -1,480
  -1,579
  -1,682
  -1,790
  -1,901
  -2,018
New CAPEX, $m
  -31
  -205
  -238
  -272
  -307
  -343
  -378
  -413
  -447
  -480
  -513
  -545
  -576
  -607
  -637
  -667
  -697
  -726
  -756
  -787
  -818
  -851
  -884
  -919
  -955
  -993
  -1,032
  -1,074
  -1,118
  -1,164
  -1,212
Cash from investing activities, $m
  -71
  -283
  -336
  -394
  -456
  -523
  -592
  -665
  -740
  -818
  -899
  -982
  -1,068
  -1,156
  -1,247
  -1,341
  -1,438
  -1,536
  -1,639
  -1,745
  -1,855
  -1,970
  -2,088
  -2,211
  -2,339
  -2,473
  -2,611
  -2,756
  -2,908
  -3,065
  -3,230
Free cash flow, $m
  -34
  -172
  -201
  -231
  -263
  -294
  -327
  -359
  -391
  -422
  -454
  -485
  -516
  -546
  -577
  -608
  -638
  -669
  -701
  -733
  -767
  -801
  -837
  -873
  -912
  -952
  -994
  -1,038
  -1,084
  -1,133
  -1,184
Issuance/(repayment) of debt, $m
  36
  274
  317
  363
  410
  457
  503
  550
  595
  640
  684
  726
  768
  809
  849
  888
  928
  968
  1,008
  1,049
  1,090
  1,133
  1,178
  1,224
  1,272
  1,322
  1,375
  1,431
  1,489
  1,550
  1,615
Issuance/(repurchase) of shares, $m
  2
  106
  120
  134
  149
  164
  179
  195
  211
  227
  243
  227
  243
  259
  276
  292
  309
  326
  343
  361
  380
  399
  418
  439
  460
  483
  506
  530
  556
  582
  610
Cash from financing (excl. dividends), $m  
  35
  380
  437
  497
  559
  621
  682
  745
  806
  867
  927
  953
  1,011
  1,068
  1,125
  1,180
  1,237
  1,294
  1,351
  1,410
  1,470
  1,532
  1,596
  1,663
  1,732
  1,805
  1,881
  1,961
  2,045
  2,132
  2,225
Total cash flow (excl. dividends), $m
  2
  208
  236
  266
  296
  326
  356
  386
  416
  444
  473
  468
  495
  521
  547
  573
  599
  624
  650
  676
  703
  731
  760
  789
  820
  853
  887
  923
  960
  1,000
  1,042
Retained Cash Flow (-), $m
  1
  -106
  -120
  -134
  -149
  -164
  -179
  -195
  -211
  -227
  -243
  -227
  -243
  -259
  -276
  -292
  -309
  -326
  -343
  -361
  -380
  -399
  -418
  -439
  -460
  -483
  -506
  -530
  -556
  -582
  -610
Prev. year cash balance distribution, $m
 
  3
  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
 
  9
  11
  14
  17
  20
  24
  28
  33
  38
  43
  49
  55
  61
  68
  75
  83
  90
  99
  107
  116
  125
  134
  144
  155
  165
  176
  188
  200
  212
  225
Cash available for distribution, $m
 
  105
  116
  132
  147
  162
  177
  191
  205
  218
  230
  241
  252
  262
  272
  281
  290
  298
  307
  315
  324
  332
  341
  351
  360
  370
  381
  393
  405
  418
  431
Discount rate, %
 
  11.20
  11.76
  12.35
  12.97
  13.61
  14.29
  15.01
  15.76
  16.55
  17.37
  18.24
  19.16
  20.11
  21.12
  22.18
  23.28
  24.45
  25.67
  26.95
  28.30
  29.72
  31.20
  32.76
  34.40
  36.12
  37.93
  39.82
  41.81
  43.91
  46.10
PV of cash for distribution, $m
 
  94
  93
  93
  90
  86
  79
  72
  63
  55
  46
  38
  31
  24
  19
  14
  10
  7
  5
  3
  2
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  87.9
  78.3
  70.6
  64.2
  58.8
  54.2
  50.3
  47.0
  44.0
  41.4
  39.3
  37.5
  35.8
  34.2
  32.8
  31.5
  30.3
  29.1
  28.1
  27.1
  26.1
  25.3
  24.4
  23.6
  22.9
  22.2
  21.5
  20.9
  20.2
  19.6

Golden Entertainment, Inc. is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. As of October 23, 2017, its distributed gaming operations consisted of approximately 16,000 gaming devices in approximately 960 locations. Its Casinos segment consists of the Rocky Gap Casino Resort in Flintstone, Maryland and three casinos in Pahrump, Nevada: Pahrump Nugget Hotel Casino, Gold Town Casino and Lakeside Casino & RV Park.

FINANCIAL RATIOS  of  Golden Entertainment (GDEN)

Valuation Ratios
P/E Ratio 47.3
Price to Sales 1.9
Price to Book 3.6
Price to Tangible Book
Price to Cash Flow 20.4
Price to Free Cash Flow 126
Growth Rates
Sales Growth Rate 127.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 287.5%
Cap. Spend. - 3 Yr. Gr. Rate 8.1%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 79.9%
Total Debt to Equity 87.6%
Interest Coverage 3
Management Effectiveness
Return On Assets 6%
Ret/ On Assets - 3 Yr. Avg. -0.2%
Return On Total Capital 4.3%
Ret/ On T. Cap. - 3 Yr. Avg. -1.4%
Return On Equity 7.6%
Return On Equity - 3 Yr. Avg. 0.8%
Asset Turnover 1
Profitability Ratios
Gross Margin 28%
Gross Margin - 3 Yr. Avg. 33.8%
EBITDA Margin 11.4%
EBITDA Margin - 3 Yr. Avg. -3%
Operating Margin 3.2%
Oper. Margin - 3 Yr. Avg. -10.3%
Pre-Tax Margin 3%
Pre-Tax Margin - 3 Yr. Avg. -11.3%
Net Profit Margin 4%
Net Profit Margin - 3 Yr. Avg. -9.1%
Effective Tax Rate -33.3%
Eff/ Tax Rate - 3 Yr. Avg. -33.3%
Payout Ratio 150%

GDEN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GDEN stock intrinsic value calculation we used $510 million for the last fiscal year's total revenue generated by Golden Entertainment. The default revenue input number comes from 2016 income statement of Golden Entertainment. 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 GDEN stock valuation model: a) initial revenue growth rate of 26.4% 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 11.2%, whose default value for GDEN is calculated based on our internal credit rating of Golden Entertainment, 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 Golden Entertainment.
    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 GDEN stock the variable cost ratio is equal to 96.7%.

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 GDEN 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 Golden Entertainment.

Corporate tax rate of 27% is the nominal tax rate for Golden Entertainment. 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 GDEN stock is equal to 1.7%.

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 GDEN are equal to 152.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Golden Entertainment 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 GDEN 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 - $321 million for Golden Entertainment - 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 23 million for Golden Entertainment 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 Golden Entertainment at the current share price and the inputted number of shares is $0.8 billion.

RELATED COMPANIES Price Int.Val. Rating
UWN Nevada Gold&Ca 1.95 2.81  buy
FLL Full House Res 3.23 0.22  str.sell
NYNY Empire Resorts 19.00 1.77  str.sell
CHDN Churchill Down 305.00 92.21  str.sell

COMPANY NEWS

▶ Golden Entertainment: 1Q Earnings Snapshot   [May-09-18 05:01PM  Associated Press]
▶ New Strong Sell Stocks for March 20th   [Mar-20-18 09:53AM  Zacks]
▶ Golden Entertainment reports 4Q loss   [05:01AM  Associated Press]
▶ Golden Entertainment posts 3Q profit   [Nov-08-17 05:37PM  Associated Press]
▶ Golden Entertainment Names Two New Senior Executives   [Oct-30-17 07:00AM  Business Wire]
▶ Golden Entertainment posts 2Q profit   [Aug-04-17 10:05PM  Associated Press]
▶ 3 Casino Stocks to Buy Now   [Jun-06-17 02:00PM  Zacks]
▶ Top Ranked Momentum Stocks to Buy for May 22nd   [May-22-17 09:23AM  Zacks]
▶ Golden Entertainment posts 1Q profit   [May-09-17 06:44PM  Associated Press]
▶ Golden Entertainment posts 4Q profit   [Mar-13-17 04:22PM  Associated Press]
▶ Hedge Funds Are Crazy About Phoenix New Media Ltd ADR (FENG)   [Dec-12-16 04:26PM  Insider Monkey]
Financial statements of GDEN
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.