Intrinsic value of Greif Cl A - GEF

Previous Close

$56.75

  Intrinsic Value

$36.27

stock screener

  Rating & Target

sell

-36%

  Value-price divergence*

-64%

Previous close

$56.75

 
Intrinsic value

$36.27

 
Up/down potential

-36%

 
Rating

sell

 
Value-price divergence*

-64%

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

We calculate the intrinsic value of GEF 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 2.9

 

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, %
  -8.10
  6.50
  6.35
  6.21
  6.09
  5.98
  5.89
  5.80
  5.72
  5.65
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.28
  5.25
  5.23
  5.20
  5.18
  5.16
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
Revenue, $m
  3,324
  3,540
  3,765
  3,999
  4,243
  4,496
  4,761
  5,037
  5,325
  5,626
  5,940
  6,268
  6,611
  6,969
  7,344
  7,737
  8,147
  8,577
  9,028
  9,499
  9,994
  10,511
  11,054
  11,623
  12,220
  12,846
  13,502
  14,190
  14,912
  15,669
  16,463
Variable operating expenses, $m
 
  3,347
  3,555
  3,771
  3,996
  4,230
  4,475
  4,730
  4,995
  5,273
  5,563
  5,787
  6,104
  6,435
  6,781
  7,144
  7,523
  7,920
  8,336
  8,771
  9,228
  9,706
  10,207
  10,732
  11,283
  11,861
  12,467
  13,102
  13,769
  14,468
  15,202
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
  3,098
  3,347
  3,555
  3,771
  3,996
  4,230
  4,475
  4,730
  4,995
  5,273
  5,563
  5,787
  6,104
  6,435
  6,781
  7,144
  7,523
  7,920
  8,336
  8,771
  9,228
  9,706
  10,207
  10,732
  11,283
  11,861
  12,467
  13,102
  13,769
  14,468
  15,202
Operating income, $m
  226
  193
  210
  228
  247
  266
  286
  307
  330
  353
  377
  480
  507
  534
  563
  593
  624
  657
  692
  728
  766
  806
  847
  891
  937
  985
  1,035
  1,088
  1,143
  1,201
  1,262
EBITDA, $m
  354
  356
  379
  402
  427
  452
  479
  507
  536
  566
  597
  630
  665
  701
  739
  778
  819
  863
  908
  955
  1,005
  1,057
  1,112
  1,169
  1,229
  1,292
  1,358
  1,427
  1,500
  1,576
  1,656
Interest expense (income), $m
  0
  34
  39
  44
  49
  55
  60
  66
  72
  79
  86
  93
  100
  108
  116
  124
  133
  142
  152
  162
  172
  183
  195
  207
  220
  233
  247
  262
  277
  293
  310
Earnings before tax, $m
  141
  159
  171
  184
  197
  211
  226
  241
  257
  274
  291
  388
  407
  427
  447
  469
  492
  516
  540
  567
  594
  622
  653
  684
  717
  752
  788
  826
  866
  908
  952
Tax expense, $m
  66
  43
  46
  50
  53
  57
  61
  65
  69
  74
  79
  105
  110
  115
  121
  127
  133
  139
  146
  153
  160
  168
  176
  185
  194
  203
  213
  223
  234
  245
  257
Net income, $m
  75
  116
  125
  134
  144
  154
  165
  176
  188
  200
  213
  283
  297
  311
  327
  342
  359
  376
  395
  414
  434
  454
  476
  499
  523
  549
  575
  603
  632
  663
  695

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  104
  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
  3,153
  3,248
  3,454
  3,669
  3,892
  4,125
  4,368
  4,621
  4,885
  5,161
  5,449
  5,750
  6,065
  6,394
  6,738
  7,098
  7,475
  7,869
  8,282
  8,715
  9,168
  9,643
  10,141
  10,664
  11,211
  11,785
  12,387
  13,018
  13,680
  14,375
  15,104
Adjusted assets (=assets-cash), $m
  3,049
  3,248
  3,454
  3,669
  3,892
  4,125
  4,368
  4,621
  4,885
  5,161
  5,449
  5,750
  6,065
  6,394
  6,738
  7,098
  7,475
  7,869
  8,282
  8,715
  9,168
  9,643
  10,141
  10,664
  11,211
  11,785
  12,387
  13,018
  13,680
  14,375
  15,104
Revenue / Adjusted assets
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
  1.090
Average production assets, $m
  1,313
  1,398
  1,487
  1,580
  1,676
  1,776
  1,881
  1,990
  2,103
  2,222
  2,346
  2,476
  2,611
  2,753
  2,901
  3,056
  3,218
  3,388
  3,566
  3,752
  3,947
  4,152
  4,366
  4,591
  4,827
  5,074
  5,333
  5,605
  5,890
  6,189
  6,503
Working capital, $m
  261
  223
  237
  252
  267
  283
  300
  317
  335
  354
  374
  395
  416
  439
  463
  487
  513
  540
  569
  598
  630
  662
  696
  732
  770
  809
  851
  894
  939
  987
  1,037
Total debt, $m
  1,026
  1,112
  1,256
  1,405
  1,561
  1,723
  1,892
  2,068
  2,252
  2,444
  2,645
  2,854
  3,073
  3,302
  3,541
  3,792
  4,054
  4,329
  4,616
  4,918
  5,233
  5,564
  5,910
  6,274
  6,655
  7,054
  7,473
  7,913
  8,374
  8,857
  9,364
Total liabilities, $m
  2,174
  2,260
  2,404
  2,553
  2,709
  2,871
  3,040
  3,216
  3,400
  3,592
  3,793
  4,002
  4,221
  4,450
  4,689
  4,940
  5,202
  5,477
  5,764
  6,066
  6,381
  6,712
  7,058
  7,422
  7,803
  8,202
  8,621
  9,061
  9,522
  10,005
  10,512
Total equity, $m
  979
  987
  1,050
  1,115
  1,183
  1,254
  1,328
  1,405
  1,485
  1,569
  1,657
  1,748
  1,844
  1,944
  2,048
  2,158
  2,272
  2,392
  2,518
  2,649
  2,787
  2,932
  3,083
  3,242
  3,408
  3,583
  3,766
  3,958
  4,159
  4,370
  4,592
Total liabilities and equity, $m
  3,153
  3,247
  3,454
  3,668
  3,892
  4,125
  4,368
  4,621
  4,885
  5,161
  5,450
  5,750
  6,065
  6,394
  6,737
  7,098
  7,474
  7,869
  8,282
  8,715
  9,168
  9,644
  10,141
  10,664
  11,211
  11,785
  12,387
  13,019
  13,681
  14,375
  15,104
Debt-to-equity ratio
  1.048
  1.130
  1.200
  1.260
  1.320
  1.370
  1.420
  1.470
  1.520
  1.560
  1.600
  1.630
  1.670
  1.700
  1.730
  1.760
  1.780
  1.810
  1.830
  1.860
  1.880
  1.900
  1.920
  1.940
  1.950
  1.970
  1.980
  2.000
  2.010
  2.030
  2.040
Adjusted equity ratio
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304
  0.304

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  75
  116
  125
  134
  144
  154
  165
  176
  188
  200
  213
  283
  297
  311
  327
  342
  359
  376
  395
  414
  434
  454
  476
  499
  523
  549
  575
  603
  632
  663
  695
Depreciation, amort., depletion, $m
  128
  163
  169
  174
  180
  186
  193
  199
  206
  213
  221
  150
  158
  167
  176
  185
  195
  205
  216
  227
  239
  252
  265
  278
  293
  308
  323
  340
  357
  375
  394
Funds from operations, $m
  338
  279
  294
  309
  324
  341
  358
  375
  394
  413
  433
  433
  455
  478
  502
  528
  554
  582
  611
  641
  673
  706
  741
  778
  816
  856
  898
  943
  989
  1,038
  1,089
Change in working capital, $m
  37
  14
  14
  15
  15
  16
  17
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  30
  31
  33
  34
  36
  38
  39
  41
  43
  45
  48
  50
Cash from operations, $m
  301
  266
  279
  294
  309
  325
  341
  358
  376
  394
  414
  412
  434
  456
  479
  503
  528
  555
  582
  611
  642
  673
  707
  742
  778
  817
  857
  899
  944
  990
  1,039
Maintenance CAPEX, $m
  0
  -80
  -85
  -90
  -96
  -102
  -108
  -114
  -121
  -127
  -135
  -142
  -150
  -158
  -167
  -176
  -185
  -195
  -205
  -216
  -227
  -239
  -252
  -265
  -278
  -293
  -308
  -323
  -340
  -357
  -375
New CAPEX, $m
  -112
  -85
  -89
  -92
  -96
  -100
  -105
  -109
  -114
  -119
  -124
  -130
  -135
  -142
  -148
  -155
  -162
  -170
  -178
  -186
  -195
  -205
  -214
  -225
  -236
  -247
  -259
  -272
  -285
  -299
  -314
Cash from investing activities, $m
  -25
  -165
  -174
  -182
  -192
  -202
  -213
  -223
  -235
  -246
  -259
  -272
  -285
  -300
  -315
  -331
  -347
  -365
  -383
  -402
  -422
  -444
  -466
  -490
  -514
  -540
  -567
  -595
  -625
  -656
  -689
Free cash flow, $m
  276
  101
  106
  111
  117
  123
  129
  135
  141
  148
  155
  141
  148
  156
  164
  172
  181
  190
  199
  209
  219
  230
  241
  252
  264
  277
  290
  304
  319
  334
  350
Issuance/(repayment) of debt, $m
  -160
  138
  144
  149
  156
  162
  169
  176
  184
  192
  200
  209
  219
  229
  239
  251
  262
  275
  288
  301
  316
  331
  347
  363
  381
  399
  419
  439
  461
  484
  507
Issuance/(repurchase) of shares, $m
  -5
  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  
  -174
  138
  144
  149
  156
  162
  169
  176
  184
  192
  200
  209
  219
  229
  239
  251
  262
  275
  288
  301
  316
  331
  347
  363
  381
  399
  419
  439
  461
  484
  507
Total cash flow (excl. dividends), $m
  96
  239
  249
  261
  273
  285
  298
  311
  325
  340
  355
  350
  367
  385
  403
  423
  443
  464
  487
  510
  535
  560
  587
  616
  645
  677
  709
  744
  780
  818
  857
Retained Cash Flow (-), $m
  37
  -60
  -63
  -65
  -68
  -71
  -74
  -77
  -80
  -84
  -88
  -91
  -96
  -100
  -105
  -109
  -115
  -120
  -126
  -132
  -138
  -144
  -151
  -159
  -166
  -174
  -183
  -192
  -201
  -211
  -222
Prev. year cash balance distribution, $m
 
  52
  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
 
  231
  187
  195
  205
  214
  224
  234
  245
  256
  268
  259
  271
  285
  299
  313
  328
  344
  361
  378
  397
  416
  436
  457
  479
  502
  526
  552
  578
  606
  636
Discount rate, %
 
  7.00
  7.35
  7.72
  8.10
  8.51
  8.93
  9.38
  9.85
  10.34
  10.86
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.85
  17.69
  18.57
  19.50
  20.48
  21.50
  22.58
  23.70
  24.89
  26.13
  27.44
  28.81
PV of cash for distribution, $m
 
  216
  162
  156
  150
  142
  134
  125
  115
  106
  95
  79
  70
  61
  53
  45
  37
  31
  25
  20
  15
  12
  9
  6
  4
  3
  2
  1
  1
  1
  0
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

Greif, Inc. produces and sells industrial packaging products. It operates in five segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services. This segment sells its products to customers in the chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical and mineral products, and others industries. The Paper Packaging & Services segment provides containerboards, corrugated sheets, corrugated containers, and other corrugated products to customers in the packaging, automotive, food, and building products industries. This segmentÂ’s corrugated container products are used to ship various products, such as home appliances, small machinery, grocery products, automotive components, books, and furniture, as well as for various other applications. The Flexible Products & Services segment offers flexible intermediate bulk containers comprising polypropylene-based woven fabric, as well as related services to the agricultural, food, and other industries. The Land Management segment engages in harvesting and regeneration of timber properties; and sale of timberland and special use land. As of October 31, 2016, this segment owned 244,548 acres of timber property in the southeastern United States. The company has operations in approximately 45 countries. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.

FINANCIAL RATIOS  of  Greif Cl A (GEF)

Valuation Ratios
P/E Ratio 36.2
Price to Sales 0.8
Price to Book 2.8
Price to Tangible Book
Price to Cash Flow 9
Price to Free Cash Flow 14.3
Growth Rates
Sales Growth Rate -8.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -35.6%
Cap. Spend. - 3 Yr. Gr. Rate -5%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 99.5%
Total Debt to Equity 104.8%
Interest Coverage 0
Management Effectiveness
Return On Assets 2.3%
Ret/ On Assets - 3 Yr. Avg. 2.3%
Return On Total Capital 3.6%
Ret/ On T. Cap. - 3 Yr. Avg. 3.5%
Return On Equity 7.5%
Return On Equity - 3 Yr. Avg. 7.3%
Asset Turnover 1
Profitability Ratios
Gross Margin 20.6%
Gross Margin - 3 Yr. Avg. 19.4%
EBITDA Margin 8.1%
EBITDA Margin - 3 Yr. Avg. 7.5%
Operating Margin 6.8%
Oper. Margin - 3 Yr. Avg. 6%
Pre-Tax Margin 4.2%
Pre-Tax Margin - 3 Yr. Avg. 3.7%
Net Profit Margin 2.3%
Net Profit Margin - 3 Yr. Avg. 2.1%
Effective Tax Rate 46.8%
Eff/ Tax Rate - 3 Yr. Avg. 54.1%
Payout Ratio 132%

GEF stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GEF stock intrinsic value calculation we used $3324 million for the last fiscal year's total revenue generated by Greif Cl A. The default revenue input number comes from 2016 income statement of Greif 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 GEF stock valuation model: a) initial revenue growth rate of 6.5% 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 7%, whose default value for GEF is calculated based on our internal credit rating of Greif 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 Greif 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 GEF stock the variable cost ratio is equal to 94.7%.

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 GEF 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 Greif Cl A.

Corporate tax rate of 27% is the nominal tax rate for Greif 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 GEF 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 GEF are equal to 39.5%.

Life of production assets of 16.5 years is the average useful life of capital assets used in Greif 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 GEF is equal to 6.3%. 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 - $979 million for Greif 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 51.733 million for Greif 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 Greif Cl A at the current share price and the inputted number of shares is $2.9 billion.

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COMPANY NEWS

▶ Greif can do 'virtually any deal we can find,' execs say at NYSE   [Jun-30-17 11:23AM  American City Business Journals]
▶ Greif, Inc. Announces Highlights of 2017 Investor Day   [Jun-28-17 04:15PM  Business Wire]
▶ ETFs with exposure to Greif, Inc. : June 13, 2017   [Jun-13-17 12:31PM  Capital Cube]
▶ After-hours buzz: GEF, MYL & more   [Jun-07-17 05:37PM  CNBC]
▶ Greif posts 2Q profit   [04:44PM  Associated Press]
▶ Greif misses Street 2Q forecasts   [04:23PM  Associated Press]
▶ Greif Reports Second Quarter 2017 Results   [04:10PM  Business Wire]
▶ Greif, Inc. Declares Second Quarter 2017 Dividends   [Jun-06-17 01:47PM  Business Wire]
▶ Greif, Inc. Value Analysis (NYSE:GEF) : April 21, 2017   [Apr-21-17 03:31PM  Capital Cube]
▶ Greif posts 1Q profit   [Mar-01-17 04:39PM  Associated Press]
▶ Greif misses 1Q profit forecasts   [04:36PM  Associated Press]
▶ Greif Reports First Quarter 2017 Results   [04:15PM  Business Wire]
▶ Greif, Inc. Declares First Quarter 2017 Dividends   [Feb-28-17 01:33PM  Business Wire]
▶ Greif, Inc. Announces Date for Investor Day 2017   [Feb-15-17 04:15PM  Business Wire]
▶ Greif, Inc. Declares Fourth Quarter 2016 Dividends   [Dec-06-16 03:02PM  Business Wire]
▶ Here is What Hedge Funds Think About Greif, Inc. (GEF)   [Dec-02-16 05:32AM  at Insider Monkey]
▶ Greif Recognized for Excellence in Environmental Leadership   [Nov-01-16 04:15PM  Business Wire]
Stock chart of GEF Financial statements of GEF Annual reports of GEF
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.

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