Intrinsic value of Griffon - GFF

Previous Close

$20.15

  Intrinsic Value

$9.00

stock screener

  Rating & Target

str. sell

-55%

Previous close

$20.15

 
Intrinsic value

$9.00

 
Up/down potential

-55%

 
Rating

str. sell

We calculate the intrinsic value of GFF 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
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, %
  3.25
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
Revenue, $m
  1,525
  1,574
  1,627
  1,685
  1,747
  1,813
  1,885
  1,961
  2,042
  2,129
  2,220
  2,317
  2,420
  2,529
  2,644
  2,765
  2,893
  3,028
  3,170
  3,320
  3,478
  3,644
  3,819
  4,003
  4,197
  4,401
  4,615
  4,841
  5,078
  5,327
  5,589
Variable operating expenses, $m
 
  1,485
  1,534
  1,587
  1,644
  1,706
  1,772
  1,842
  1,917
  1,997
  2,081
  2,139
  2,234
  2,334
  2,440
  2,552
  2,670
  2,795
  2,926
  3,065
  3,210
  3,364
  3,525
  3,696
  3,874
  4,063
  4,260
  4,469
  4,687
  4,917
  5,159
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
  1,456
  1,485
  1,534
  1,587
  1,644
  1,706
  1,772
  1,842
  1,917
  1,997
  2,081
  2,139
  2,234
  2,334
  2,440
  2,552
  2,670
  2,795
  2,926
  3,065
  3,210
  3,364
  3,525
  3,696
  3,874
  4,063
  4,260
  4,469
  4,687
  4,917
  5,159
Operating income, $m
  69
  89
  93
  98
  102
  108
  113
  119
  125
  132
  139
  178
  186
  194
  203
  213
  223
  233
  244
  255
  268
  280
  294
  308
  323
  339
  355
  372
  391
  410
  430
EBITDA, $m
  117
  151
  156
  162
  168
  174
  181
  188
  196
  204
  213
  223
  232
  243
  254
  266
  278
  291
  304
  319
  334
  350
  367
  384
  403
  423
  443
  465
  488
  512
  537
Interest expense (income), $m
  48
  48
  51
  53
  56
  59
  62
  66
  69
  73
  77
  82
  86
  91
  97
  102
  108
  114
  121
  127
  135
  142
  150
  159
  167
  177
  187
  197
  208
  219
  231
Earnings before tax, $m
  17
  41
  42
  44
  46
  49
  51
  53
  56
  59
  61
  96
  100
  103
  107
  111
  115
  119
  123
  128
  133
  138
  144
  149
  155
  162
  168
  175
  183
  191
  199
Tax expense, $m
  -1
  11
  11
  12
  13
  13
  14
  14
  15
  16
  17
  26
  27
  28
  29
  30
  31
  32
  33
  35
  36
  37
  39
  40
  42
  44
  45
  47
  49
  51
  54
Net income, $m
  15
  30
  31
  32
  34
  35
  37
  39
  41
  43
  45
  70
  73
  75
  78
  81
  84
  87
  90
  93
  97
  101
  105
  109
  113
  118
  123
  128
  134
  139
  145

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  48
  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
  1,874
  1,885
  1,948
  2,018
  2,092
  2,172
  2,257
  2,349
  2,446
  2,549
  2,659
  2,775
  2,898
  3,028
  3,166
  3,311
  3,464
  3,626
  3,797
  3,976
  4,165
  4,364
  4,574
  4,795
  5,027
  5,271
  5,527
  5,797
  6,081
  6,380
  6,693
Adjusted assets (=assets-cash), $m
  1,826
  1,885
  1,948
  2,018
  2,092
  2,172
  2,257
  2,349
  2,446
  2,549
  2,659
  2,775
  2,898
  3,028
  3,166
  3,311
  3,464
  3,626
  3,797
  3,976
  4,165
  4,364
  4,574
  4,795
  5,027
  5,271
  5,527
  5,797
  6,081
  6,380
  6,693
Revenue / Adjusted assets
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
  0.835
Average production assets, $m
  527
  545
  563
  583
  604
  627
  652
  679
  707
  736
  768
  802
  837
  875
  915
  957
  1,001
  1,048
  1,097
  1,149
  1,203
  1,261
  1,321
  1,385
  1,452
  1,523
  1,597
  1,675
  1,757
  1,843
  1,934
Working capital, $m
  727
  711
  735
  761
  790
  820
  852
  886
  923
  962
  1,003
  1,047
  1,094
  1,143
  1,195
  1,250
  1,308
  1,369
  1,433
  1,501
  1,572
  1,647
  1,726
  1,810
  1,897
  1,989
  2,086
  2,188
  2,295
  2,408
  2,526
Total debt, $m
  979
  1,016
  1,067
  1,122
  1,182
  1,246
  1,314
  1,388
  1,466
  1,548
  1,636
  1,730
  1,828
  1,933
  2,043
  2,160
  2,282
  2,412
  2,549
  2,693
  2,844
  3,004
  3,172
  3,349
  3,535
  3,731
  3,937
  4,154
  4,381
  4,620
  4,872
Total liabilities, $m
  1,475
  1,512
  1,563
  1,618
  1,678
  1,742
  1,810
  1,884
  1,962
  2,044
  2,132
  2,226
  2,324
  2,429
  2,539
  2,656
  2,778
  2,908
  3,045
  3,189
  3,340
  3,500
  3,668
  3,845
  4,031
  4,227
  4,433
  4,650
  4,877
  5,116
  5,368
Total equity, $m
  399
  373
  386
  399
  414
  430
  447
  465
  484
  505
  526
  549
  574
  600
  627
  656
  686
  718
  752
  787
  825
  864
  906
  949
  995
  1,044
  1,094
  1,148
  1,204
  1,263
  1,325
Total liabilities and equity, $m
  1,874
  1,885
  1,949
  2,017
  2,092
  2,172
  2,257
  2,349
  2,446
  2,549
  2,658
  2,775
  2,898
  3,029
  3,166
  3,312
  3,464
  3,626
  3,797
  3,976
  4,165
  4,364
  4,574
  4,794
  5,026
  5,271
  5,527
  5,798
  6,081
  6,379
  6,693
Debt-to-equity ratio
  2.454
  2.720
  2.760
  2.810
  2.850
  2.900
  2.940
  2.980
  3.030
  3.070
  3.110
  3.150
  3.190
  3.220
  3.260
  3.290
  3.330
  3.360
  3.390
  3.420
  3.450
  3.480
  3.500
  3.530
  3.550
  3.580
  3.600
  3.620
  3.640
  3.660
  3.680
Adjusted equity ratio
  0.192
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198
  0.198

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  15
  30
  31
  32
  34
  35
  37
  39
  41
  43
  45
  70
  73
  75
  78
  81
  84
  87
  90
  93
  97
  101
  105
  109
  113
  118
  123
  128
  134
  139
  145
Depreciation, amort., depletion, $m
  48
  62
  63
  64
  65
  67
  68
  69
  71
  73
  74
  44
  46
  48
  51
  53
  55
  58
  61
  63
  66
  70
  73
  77
  80
  84
  88
  93
  97
  102
  107
Funds from operations, $m
  64
  92
  94
  96
  99
  102
  105
  108
  112
  115
  119
  115
  119
  124
  128
  134
  139
  145
  151
  157
  163
  170
  178
  186
  194
  202
  211
  221
  231
  241
  252
Change in working capital, $m
  -32
  22
  24
  26
  28
  30
  32
  34
  37
  39
  41
  44
  46
  49
  52
  55
  58
  61
  64
  68
  71
  75
  79
  83
  88
  92
  97
  102
  107
  113
  118
Cash from operations, $m
  96
  70
  70
  70
  71
  72
  73
  74
  75
  76
  78
  71
  73
  74
  77
  79
  81
  84
  86
  89
  92
  95
  99
  102
  106
  110
  114
  119
  123
  128
  134
Maintenance CAPEX, $m
  0
  -29
  -30
  -31
  -32
  -33
  -35
  -36
  -37
  -39
  -41
  -42
  -44
  -46
  -48
  -51
  -53
  -55
  -58
  -61
  -63
  -66
  -70
  -73
  -77
  -80
  -84
  -88
  -93
  -97
  -102
New CAPEX, $m
  -35
  -18
  -18
  -20
  -21
  -23
  -25
  -26
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -47
  -49
  -52
  -55
  -58
  -61
  -64
  -67
  -71
  -74
  -78
  -82
  -86
  -91
Cash from investing activities, $m
  -116
  -47
  -48
  -51
  -53
  -56
  -60
  -62
  -65
  -69
  -73
  -76
  -80
  -84
  -88
  -93
  -97
  -102
  -107
  -113
  -118
  -124
  -131
  -137
  -144
  -151
  -158
  -166
  -175
  -183
  -193
Free cash flow, $m
  -20
  23
  21
  19
  17
  15
  13
  11
  9
  7
  5
  -5
  -7
  -9
  -12
  -14
  -16
  -18
  -21
  -23
  -26
  -29
  -32
  -34
  -38
  -41
  -44
  -47
  -51
  -55
  -59
Issuance/(repayment) of debt, $m
  63
  48
  51
  55
  60
  64
  69
  73
  78
  83
  88
  93
  99
  104
  110
  116
  123
  130
  137
  144
  152
  160
  168
  177
  186
  196
  206
  216
  228
  239
  251
Issuance/(repurchase) of shares, $m
  -27
  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  
  5
  48
  51
  55
  60
  64
  69
  73
  78
  83
  88
  93
  99
  104
  110
  116
  123
  130
  137
  144
  152
  160
  168
  177
  186
  196
  206
  216
  228
  239
  251
Total cash flow (excl. dividends), $m
  -15
  71
  73
  75
  77
  79
  82
  85
  87
  90
  93
  88
  91
  95
  99
  103
  107
  111
  116
  121
  126
  131
  137
  142
  149
  155
  162
  169
  177
  184
  193
Retained Cash Flow (-), $m
  12
  -11
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -22
  -23
  -24
  -26
  -27
  -29
  -30
  -32
  -34
  -36
  -37
  -39
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -59
  -62
Prev. year cash balance distribution, $m
 
  37
  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
 
  96
  60
  61
  62
  64
  65
  67
  68
  70
  72
  65
  67
  69
  72
  74
  77
  79
  82
  85
  88
  92
  95
  99
  103
  107
  111
  116
  120
  125
  131
Discount rate, %
 
  10.20
  10.71
  11.25
  11.81
  12.40
  13.02
  13.67
  14.35
  15.07
  15.82
  16.61
  17.45
  18.32
  19.23
  20.20
  21.21
  22.27
  23.38
  24.55
  25.77
  27.06
  28.42
  29.84
  31.33
  32.90
  34.54
  36.27
  38.08
  39.99
  41.98
PV of cash for distribution, $m
 
  88
  49
  44
  40
  35
  31
  27
  23
  20
  16
  12
  10
  8
  6
  5
  4
  3
  2
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  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

Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc. (PPC). The HBP segment consists of two companies: The AMES Companies, Inc. (AMES) and Clopay Building Products Company, Inc. (CBP). AMES is a provider of non-powered landscaping products for homeowners and professionals. CBP is a manufacturer and marketer of residential, commercial and industrial garage doors to professional dealers and home center retail chains. The Telephonics segment designs, develops and manufactures integrated information, communication and sensor system solutions for military and commercial markets across the world. The PPC segment is engaged in the development and production of embossed, laminated and printed specialty plastic films used in a range of hygienic, healthcare and industrial applications.


Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 13

FINANCIAL RATIOS  of  Griffon (GFF)

Valuation Ratios
P/E Ratio 63.3
Price to Sales 0.6
Price to Book 2.4
Price to Tangible Book
Price to Cash Flow 9.9
Price to Free Cash Flow 15.6
Growth Rates
Sales Growth Rate 3.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -40.7%
Cap. Spend. - 3 Yr. Gr. Rate -14.6%
Financial Strength
Quick Ratio 4
Current Ratio 1.4
LT Debt to Equity 242.6%
Total Debt to Equity 245.4%
Interest Coverage 1
Management Effectiveness
Return On Assets 3.6%
Ret/ On Assets - 3 Yr. Avg. 3.4%
Return On Total Capital 1.1%
Ret/ On T. Cap. - 3 Yr. Avg. 2%
Return On Equity 3.7%
Return On Equity - 3 Yr. Avg. 6%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 26.8%
Gross Margin - 3 Yr. Avg. 26.8%
EBITDA Margin 7.4%
EBITDA Margin - 3 Yr. Avg. 7.6%
Operating Margin 4.5%
Oper. Margin - 3 Yr. Avg. 4.9%
Pre-Tax Margin 1.1%
Pre-Tax Margin - 3 Yr. Avg. 1.5%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 1.8%
Effective Tax Rate -5.9%
Eff/ Tax Rate - 3 Yr. Avg. 22.8%
Payout Ratio 66.7%

GFF stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GFF stock intrinsic value calculation we used $1525 million for the last fiscal year's total revenue generated by Griffon. The default revenue input number comes from 2017 income statement of Griffon. 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 GFF stock valuation model: a) initial revenue growth rate of 3.2% 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 10.2%, whose default value for GFF is calculated based on our internal credit rating of Griffon, 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 Griffon.
    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 GFF stock the variable cost ratio is equal to 94.4%.

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 GFF 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 Griffon.

Corporate tax rate of 27% is the nominal tax rate for Griffon. 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 GFF 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 GFF are equal to 34.6%.

Life of production assets of 18.1 years is the average useful life of capital assets used in Griffon 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 GFF is equal to 45.2%. 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 - $399 million for Griffon - 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 47.336 million for Griffon 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 Griffon at the current share price and the inputted number of shares is $1.0 billion.

RELATED COMPANIES Price Int.Val. Rating
PGTI PGT Innovation 15.60 14.16  hold
NOC Northrop Grumm 356.00 384.99  buy
LMT Lockheed Marti 360.53 91.97  str.sell
ESL Esterline Tech 75.45 75.16  hold
BA Boeing 355.04 73.51  str.sell

COMPANY NEWS

▶ Griffon Corporation Announces First Quarter Results   [Jan-31-18 08:05AM  Business Wire]
▶ ETFs with exposure to Griffon Corp. : December 20, 2017   [Dec-20-17 11:44AM  Capital Cube]
▶ ETFs with exposure to Griffon Corp. : December 8, 2017   [Dec-08-17 12:54PM  Capital Cube]
▶ ETFs with exposure to Griffon Corp. : November 27, 2017   [Nov-27-17 01:49PM  Capital Cube]
▶ Griffon Corp.: Strong price momentum but will it sustain?   [Nov-17-17 11:03AM  Capital Cube]
▶ Griffon reports 4Q loss   [Nov-16-17 08:29AM  Associated Press]
▶ ETFs with exposure to Griffon Corp. : November 10, 2017   [Nov-10-17 12:28PM  Capital Cube]
▶ ETFs with exposure to Griffon Corp. : October 30, 2017   [Oct-30-17 11:52AM  Capital Cube]
▶ ETFs with exposure to Griffon Corp. : October 18, 2017   [Oct-18-17 09:46AM  Capital Cube]
▶ ETFs with exposure to Griffon Corp. : October 3, 2017   [Oct-03-17 11:15AM  Capital Cube]
▶ Griffon Corporation Completes Acquisition of ClosetMaid®   [Oct-02-17 10:45AM  Business Wire]
▶ Griffon Corporation Amends ClosetMaid® Purchase Agreement   [Sep-26-17 04:01PM  Business Wire]
▶ ETFs with exposure to Griffon Corp. : August 4, 2017   [Aug-03-17 08:23PM  Capital Cube]
▶ Griffon posts 3Q profit   [01:05AM  Associated Press]
▶ Griffon Corporation Announces Third Quarter Results   [Aug-02-17 04:05PM  Business Wire]
▶ ETFs with exposure to Griffon Corp. : July 4, 2017   [Jul-04-17 02:57PM  Capital Cube]
▶ ETFs with exposure to Griffon Corp. : June 22, 2017   [Jun-22-17 03:45PM  Capital Cube]
▶ Griffon posts 2Q profit   [May-05-17 05:02AM  Associated Press]
▶ Griffon Corporation Declares Quarterly Dividend   [May-04-17 04:21PM  Business Wire]
▶ Griffon Corp. Value Analysis (NYSE:GFF) : April 27, 2017   [Apr-27-17 04:51PM  Capital Cube]
▶ The AMES Companies® Releases 2017 Spring Gardening Tips   [Apr-12-17 08:53AM  PR Newswire]
▶ Griffon posts 1Q profit   [Jan-31-17 08:08AM  Associated Press]
Financial statements of GFF
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.