Intrinsic value of Graco Inc. - GGG

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$95.71

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$95.71

 
Intrinsic value

$60.09

 
Up/down potential

-37%

 
Rating

sell

 
Value-price divergence* premium content

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

We calculate the intrinsic value of GGG 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 5.3

 

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, %
  3.34
  3.30
  3.47
  3.62
  3.76
  3.88
  4.00
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  4.52
  4.57
  4.61
  4.65
  4.68
  4.72
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
  4.91
  4.92
Revenue, $m
  1,329
  1,373
  1,420
  1,472
  1,527
  1,587
  1,650
  1,718
  1,790
  1,866
  1,947
  2,033
  2,124
  2,220
  2,321
  2,428
  2,541
  2,660
  2,785
  2,917
  3,057
  3,203
  3,357
  3,520
  3,690
  3,870
  4,059
  4,257
  4,466
  4,685
  4,916
Variable operating expenses, $m
 
  1,049
  1,085
  1,123
  1,165
  1,209
  1,256
  1,306
  1,360
  1,417
  1,477
  1,515
  1,583
  1,655
  1,730
  1,810
  1,894
  1,983
  2,076
  2,175
  2,279
  2,388
  2,503
  2,624
  2,751
  2,885
  3,025
  3,173
  3,329
  3,492
  3,664
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
  1,215
  1,049
  1,085
  1,123
  1,165
  1,209
  1,256
  1,306
  1,360
  1,417
  1,477
  1,515
  1,583
  1,655
  1,730
  1,810
  1,894
  1,983
  2,076
  2,175
  2,279
  2,388
  2,503
  2,624
  2,751
  2,885
  3,025
  3,173
  3,329
  3,492
  3,664
Operating income, $m
  114
  323
  336
  349
  363
  378
  394
  411
  430
  449
  470
  517
  541
  565
  591
  618
  647
  677
  709
  743
  778
  815
  855
  896
  939
  985
  1,033
  1,084
  1,137
  1,193
  1,251
EBITDA, $m
  162
  376
  390
  404
  419
  435
  452
  471
  491
  512
  534
  557
  582
  609
  636
  666
  697
  729
  764
  800
  838
  878
  921
  965
  1,012
  1,061
  1,113
  1,167
  1,225
  1,285
  1,348
Interest expense (income), $m
  18
  15
  16
  18
  19
  20
  22
  23
  25
  27
  29
  31
  33
  35
  37
  40
  43
  45
  48
  51
  55
  58
  62
  66
  70
  74
  78
  83
  88
  93
  99
Earnings before tax, $m
  97
  308
  319
  331
  344
  358
  372
  388
  405
  422
  441
  487
  508
  530
  553
  578
  604
  632
  661
  691
  723
  757
  793
  830
  870
  911
  955
  1,001
  1,049
  1,099
  1,153
Tax expense, $m
  56
  83
  86
  89
  93
  97
  101
  105
  109
  114
  119
  131
  137
  143
  149
  156
  163
  171
  178
  187
  195
  204
  214
  224
  235
  246
  258
  270
  283
  297
  311
Net income, $m
  41
  225
  233
  242
  251
  261
  272
  283
  295
  308
  322
  355
  371
  387
  404
  422
  441
  461
  482
  505
  528
  553
  579
  606
  635
  665
  697
  730
  766
  803
  841

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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
  0
Total assets, $m
  1,243
  1,230
  1,273
  1,319
  1,369
  1,422
  1,479
  1,539
  1,604
  1,672
  1,745
  1,821
  1,903
  1,989
  2,080
  2,176
  2,277
  2,383
  2,496
  2,614
  2,739
  2,870
  3,008
  3,154
  3,307
  3,468
  3,637
  3,815
  4,002
  4,198
  4,405
Adjusted assets (=assets-cash), $m
  1,191
  1,230
  1,273
  1,319
  1,369
  1,422
  1,479
  1,539
  1,604
  1,672
  1,745
  1,821
  1,903
  1,989
  2,080
  2,176
  2,277
  2,383
  2,496
  2,614
  2,739
  2,870
  3,008
  3,154
  3,307
  3,468
  3,637
  3,815
  4,002
  4,198
  4,405
Revenue / Adjusted assets
  1.116
  1.116
  1.115
  1.116
  1.115
  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
  390
  402
  416
  431
  448
  465
  483
  503
  524
  547
  570
  596
  622
  650
  680
  711
  744
  779
  816
  855
  896
  939
  984
  1,031
  1,081
  1,134
  1,189
  1,247
  1,308
  1,373
  1,440
Working capital, $m
  325
  291
  301
  312
  324
  336
  350
  364
  379
  396
  413
  431
  450
  471
  492
  515
  539
  564
  590
  619
  648
  679
  712
  746
  782
  820
  860
  902
  947
  993
  1,042
Total debt, $m
  315
  328
  351
  377
  404
  434
  465
  499
  534
  572
  612
  655
  700
  748
  798
  851
  907
  966
  1,029
  1,094
  1,163
  1,236
  1,313
  1,393
  1,478
  1,567
  1,661
  1,759
  1,863
  1,972
  2,086
Total liabilities, $m
  669
  682
  705
  731
  758
  788
  819
  853
  888
  926
  966
  1,009
  1,054
  1,102
  1,152
  1,205
  1,261
  1,320
  1,383
  1,448
  1,517
  1,590
  1,667
  1,747
  1,832
  1,921
  2,015
  2,113
  2,217
  2,326
  2,440
Total equity, $m
  574
  549
  568
  588
  610
  634
  659
  686
  715
  746
  778
  812
  849
  887
  928
  970
  1,015
  1,063
  1,113
  1,166
  1,222
  1,280
  1,342
  1,407
  1,475
  1,547
  1,622
  1,701
  1,785
  1,872
  1,964
Total liabilities and equity, $m
  1,243
  1,231
  1,273
  1,319
  1,368
  1,422
  1,478
  1,539
  1,603
  1,672
  1,744
  1,821
  1,903
  1,989
  2,080
  2,175
  2,276
  2,383
  2,496
  2,614
  2,739
  2,870
  3,009
  3,154
  3,307
  3,468
  3,637
  3,814
  4,002
  4,198
  4,404
Debt-to-equity ratio
  0.549
  0.600
  0.620
  0.640
  0.660
  0.680
  0.710
  0.730
  0.750
  0.770
  0.790
  0.810
  0.830
  0.840
  0.860
  0.880
  0.890
  0.910
  0.920
  0.940
  0.950
  0.970
  0.980
  0.990
  1.000
  1.010
  1.020
  1.030
  1.040
  1.050
  1.060
Adjusted equity ratio
  0.438
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446
  0.446

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  41
  225
  233
  242
  251
  261
  272
  283
  295
  308
  322
  355
  371
  387
  404
  422
  441
  461
  482
  505
  528
  553
  579
  606
  635
  665
  697
  730
  766
  803
  841
Depreciation, amort., depletion, $m
  48
  53
  54
  55
  56
  57
  58
  60
  61
  63
  64
  40
  42
  44
  46
  48
  50
  52
  55
  57
  60
  63
  66
  69
  73
  76
  80
  84
  88
  92
  97
Funds from operations, $m
  278
  278
  287
  297
  307
  318
  330
  343
  357
  371
  386
  395
  412
  431
  450
  470
  491
  513
  537
  562
  588
  616
  645
  675
  707
  741
  777
  814
  853
  895
  938
Change in working capital, $m
  9
  9
  10
  11
  12
  13
  13
  14
  15
  16
  17
  18
  19
  20
  21
  23
  24
  25
  27
  28
  30
  31
  33
  34
  36
  38
  40
  42
  44
  46
  49
Cash from operations, $m
  269
  249
  277
  286
  295
  306
  317
  329
  341
  355
  369
  377
  393
  410
  428
  447
  467
  488
  511
  534
  559
  585
  612
  641
  671
  703
  737
  772
  809
  848
  889
Maintenance CAPEX, $m
  0
  -26
  -27
  -28
  -29
  -30
  -31
  -32
  -34
  -35
  -37
  -38
  -40
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -66
  -69
  -73
  -76
  -80
  -84
  -88
  -92
New CAPEX, $m
  -42
  -13
  -14
  -15
  -16
  -17
  -19
  -20
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -48
  -50
  -53
  -55
  -58
  -61
  -64
  -68
Cash from investing activities, $m
  -91
  -39
  -41
  -43
  -45
  -47
  -50
  -52
  -55
  -57
  -61
  -63
  -67
  -70
  -74
  -77
  -81
  -85
  -89
  -94
  -98
  -103
  -108
  -114
  -119
  -126
  -131
  -138
  -145
  -152
  -160
Free cash flow, $m
  178
  210
  236
  243
  250
  258
  267
  276
  286
  297
  309
  314
  327
  340
  355
  370
  386
  403
  421
  440
  461
  482
  504
  527
  552
  578
  605
  634
  664
  696
  730
Issuance/(repayment) of debt, $m
  -93
  22
  24
  26
  27
  29
  31
  34
  36
  38
  40
  43
  45
  48
  50
  53
  56
  59
  62
  66
  69
  73
  77
  81
  85
  89
  94
  99
  104
  109
  114
Issuance/(repurchase) of shares, $m
  -18
  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  
  -105
  22
  24
  26
  27
  29
  31
  34
  36
  38
  40
  43
  45
  48
  50
  53
  56
  59
  62
  66
  69
  73
  77
  81
  85
  89
  94
  99
  104
  109
  114
Total cash flow (excl. dividends), $m
  73
  232
  260
  268
  278
  288
  299
  310
  322
  335
  349
  356
  372
  388
  405
  423
  442
  462
  484
  506
  530
  554
  580
  608
  637
  667
  699
  733
  768
  805
  844
Retained Cash Flow (-), $m
  62
  -18
  -19
  -21
  -22
  -24
  -25
  -27
  -29
  -31
  -32
  -34
  -36
  -38
  -41
  -43
  -45
  -48
  -50
  -53
  -56
  -59
  -62
  -65
  -68
  -72
  -75
  -79
  -83
  -88
  -92
Prev. year cash balance distribution, $m
 
  43
  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
 
  257
  241
  248
  256
  264
  273
  283
  293
  305
  316
  322
  335
  350
  365
  380
  397
  415
  434
  453
  474
  496
  519
  543
  569
  595
  624
  653
  685
  717
  752
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
 
  247
  220
  216
  210
  205
  198
  191
  183
  175
  166
  153
  143
  133
  122
  112
  101
  90
  80
  70
  60
  51
  43
  36
  29
  23
  18
  14
  11
  8
  6
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

Graco Inc., together with its subsidiaries, designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. It operates through three segments: Industrial, Process, and Contractor. The Industrial segment offers proportioning systems that are used to spray polyurethane foam and polyurea coatings; vapor-abrasive blasting equipment; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators. This segment also provides paint circulating and supply pumps; paint circulating advanced control systems; plural component coating proportioners; spare parts and accessories; and powder finishing products that coat powder finishing on metals under the Gema name. The Process segment offers pumps that move chemicals, water, wastewater, petroleum, food, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. This segment also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. The Contractor segment offers sprayers that apply paint and texture to walls, other structures, and ceilings; and highly viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. The company was founded in 1926 and is headquartered in Minneapolis, Minnesota.

FINANCIAL RATIOS  of  Graco Inc. (GGG)

Valuation Ratios
P/E Ratio 130.3
Price to Sales 4
Price to Book 9.3
Price to Tangible Book
Price to Cash Flow 19.9
Price to Free Cash Flow 23.5
Growth Rates
Sales Growth Rate 3.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 12.8%
Financial Strength
Quick Ratio 6
Current Ratio 0.1
LT Debt to Equity 53.3%
Total Debt to Equity 54.9%
Interest Coverage 6
Management Effectiveness
Return On Assets 3.7%
Ret/ On Assets - 3 Yr. Avg. 14.9%
Return On Total Capital 4.2%
Ret/ On T. Cap. - 3 Yr. Avg. 18.3%
Return On Equity 6.8%
Return On Equity - 3 Yr. Avg. 33.2%
Asset Turnover 1
Profitability Ratios
Gross Margin 53.3%
Gross Margin - 3 Yr. Avg. 53.7%
EBITDA Margin 12.3%
EBITDA Margin - 3 Yr. Avg. 28.1%
Operating Margin 8.6%
Oper. Margin - 3 Yr. Avg. 19.1%
Pre-Tax Margin 7.3%
Pre-Tax Margin - 3 Yr. Avg. 23.3%
Net Profit Margin 3.1%
Net Profit Margin - 3 Yr. Avg. 16.2%
Effective Tax Rate 57.7%
Eff/ Tax Rate - 3 Yr. Avg. 37.7%
Payout Ratio 178%

GGG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GGG stock intrinsic value calculation we used $1329 million for the last fiscal year's total revenue generated by Graco Inc.. The default revenue input number comes from 2016 income statement of Graco Inc.. 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 GGG stock valuation model: a) initial revenue growth rate of 3.3% 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 GGG is calculated based on our internal credit rating of Graco Inc., 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 Graco Inc..
    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 GGG stock the variable cost ratio is equal to 76.5%.

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 GGG 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 Graco Inc..

Corporate tax rate of 27% is the nominal tax rate for Graco Inc.. 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 GGG 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 GGG are equal to 29.3%.

Life of production assets of 14.9 years is the average useful life of capital assets used in Graco Inc. 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 GGG is equal to 21.2%. 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 - $574 million for Graco Inc. - 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 55.343 million for Graco Inc. 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 Graco Inc. at the current share price and the inputted number of shares is $5.3 billion.


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COMPANY NEWS

▶ ETFs with exposure to Graco, Inc. : April 5, 2017   [Apr-05-17 04:49PM  Capital Cube]
▶ Graco CEO Patrick McHale's compensation dipped in 2016   [Mar-16-17 02:25PM  at bizjournals.com]
▶ Graco CEO Patrick McHale's compensation dipped in 2016   [02:25PM  American City Business Journals]
▶ Graco Rebrands and Redesigns Airlessco Airless Sprayer Line   [Feb-22-17 05:13PM  Business Wire]
▶ Graco Announces Regular Quarterly Dividend   [Feb-17-17 11:21AM  Business Wire]
▶ Should You Add Graco Inc. (GGG) to Your Portfolio?   [Dec-12-16 04:40PM  at Insider Monkey]
▶ Graco Reports Third Quarter Results   [04:10PM  Business Wire]
▶ Graco Introduces New ProBell Rotary Applicator   [Oct-05-16 04:44PM  Business Wire]
▶ Graco Announces Regular Quarterly Dividend   [Sep-16-16 11:11AM  Business Wire]
▶ Here are Four Stocks That Could Rebound This Fall   [Aug-23-16 04:44PM  at TheStreet]
▶ Graco Enhances Electric Dyna-Star® Pump Offering   [Jul-28-16 04:15PM  Business Wire]
▶ Graco Reports Second Quarter Results   [04:10PM  Business Wire]
▶ Graco Announces Regular Quarterly Dividend   [Jun-17-16 12:23PM  Business Wire]
Stock chart of GGG Financial statements of GGG
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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