Intrinsic value of Globant - GLOB

Previous Close

$38.91

  Intrinsic Value

$36.24

stock screener

  Rating & Target

hold

-7%

  Value-price divergence*

-22%

Previous close

$38.91

 
Intrinsic value

$36.24

 
Up/down potential

-7%

 
Rating

hold

 
Value-price divergence*

-22%

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

We calculate the intrinsic value of GLOB 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 1.3

 

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, %
  27.17
  21.90
  20.21
  18.69
  17.32
  16.09
  14.98
  13.98
  13.08
  12.27
  11.55
  10.89
  10.30
  9.77
  9.30
  8.87
  8.48
  8.13
  7.82
  7.54
  7.28
  7.05
  6.85
  6.66
  6.50
  6.35
  6.21
  6.09
  5.98
  5.88
  5.80
Revenue, $m
  323
  394
  473
  562
  659
  765
  880
  1,003
  1,134
  1,273
  1,420
  1,575
  1,737
  1,907
  2,084
  2,269
  2,461
  2,661
  2,869
  3,086
  3,310
  3,544
  3,787
  4,039
  4,301
  4,574
  4,859
  5,155
  5,463
  5,785
  6,120
Variable operating expenses, $m
 
  325
  390
  461
  540
  626
  719
  819
  925
  1,038
  1,157
  1,275
  1,407
  1,544
  1,688
  1,837
  1,993
  2,155
  2,324
  2,499
  2,681
  2,870
  3,067
  3,271
  3,484
  3,705
  3,935
  4,175
  4,424
  4,685
  4,956
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
  273
  325
  390
  461
  540
  626
  719
  819
  925
  1,038
  1,157
  1,275
  1,407
  1,544
  1,688
  1,837
  1,993
  2,155
  2,324
  2,499
  2,681
  2,870
  3,067
  3,271
  3,484
  3,705
  3,935
  4,175
  4,424
  4,685
  4,956
Operating income, $m
  50
  68
  83
  100
  119
  139
  161
  184
  209
  236
  263
  299
  330
  363
  396
  431
  468
  506
  546
  587
  629
  674
  720
  768
  818
  870
  924
  980
  1,039
  1,100
  1,164
EBITDA, $m
  61
  80
  96
  114
  134
  155
  178
  203
  230
  258
  288
  319
  352
  387
  423
  460
  499
  540
  582
  626
  671
  719
  768
  819
  872
  928
  985
  1,045
  1,108
  1,173
  1,241
Interest expense (income), $m
  0
  0
  0
  1
  2
  2
  3
  4
  5
  6
  6
  7
  9
  10
  11
  12
  13
  15
  16
  17
  19
  20
  22
  24
  25
  27
  29
  31
  33
  35
  37
Earnings before tax, $m
  50
  68
  83
  99
  117
  137
  158
  180
  204
  230
  257
  292
  322
  353
  385
  419
  455
  491
  530
  569
  611
  653
  698
  744
  792
  843
  895
  949
  1,006
  1,065
  1,126
Tax expense, $m
  14
  18
  22
  27
  32
  37
  43
  49
  55
  62
  69
  79
  87
  95
  104
  113
  123
  133
  143
  154
  165
  176
  188
  201
  214
  227
  242
  256
  272
  287
  304
Net income, $m
  36
  50
  61
  72
  86
  100
  115
  132
  149
  168
  188
  213
  235
  258
  281
  306
  332
  359
  387
  416
  446
  477
  510
  543
  578
  615
  653
  693
  734
  777
  822

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  61
  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
  285
  273
  328
  390
  457
  531
  610
  695
  786
  883
  985
  1,092
  1,205
  1,322
  1,445
  1,573
  1,707
  1,846
  1,990
  2,140
  2,296
  2,458
  2,626
  2,801
  2,983
  3,172
  3,369
  3,575
  3,789
  4,011
  4,244
Adjusted assets (=assets-cash), $m
  224
  273
  328
  390
  457
  531
  610
  695
  786
  883
  985
  1,092
  1,205
  1,322
  1,445
  1,573
  1,707
  1,846
  1,990
  2,140
  2,296
  2,458
  2,626
  2,801
  2,983
  3,172
  3,369
  3,575
  3,789
  4,011
  4,244
Revenue / Adjusted assets
  1.442
  1.443
  1.442
  1.441
  1.442
  1.441
  1.443
  1.443
  1.443
  1.442
  1.442
  1.442
  1.441
  1.443
  1.442
  1.442
  1.442
  1.441
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
  1.442
Average production assets, $m
  41
  50
  60
  71
  84
  97
  112
  127
  144
  162
  180
  200
  221
  242
  265
  288
  313
  338
  364
  392
  420
  450
  481
  513
  546
  581
  617
  655
  694
  735
  777
Working capital, $m
  79
  38
  45
  54
  63
  73
  84
  96
  109
  122
  136
  151
  167
  183
  200
  218
  236
  255
  275
  296
  318
  340
  364
  388
  413
  439
  466
  495
  524
  555
  588
Total debt, $m
  13
  14
  29
  46
  65
  86
  108
  132
  158
  185
  214
  244
  275
  309
  343
  379
  417
  456
  496
  538
  582
  628
  675
  724
  775
  828
  884
  941
  1,002
  1,064
  1,130
Total liabilities, $m
  76
  77
  92
  109
  128
  149
  171
  195
  221
  248
  277
  307
  338
  372
  406
  442
  480
  519
  559
  601
  645
  691
  738
  787
  838
  891
  947
  1,004
  1,065
  1,127
  1,193
Total equity, $m
  209
  196
  236
  280
  329
  381
  439
  500
  565
  635
  708
  785
  866
  951
  1,039
  1,131
  1,227
  1,327
  1,431
  1,539
  1,651
  1,767
  1,888
  2,014
  2,145
  2,281
  2,423
  2,570
  2,724
  2,884
  3,051
Total liabilities and equity, $m
  285
  273
  328
  389
  457
  530
  610
  695
  786
  883
  985
  1,092
  1,204
  1,323
  1,445
  1,573
  1,707
  1,846
  1,990
  2,140
  2,296
  2,458
  2,626
  2,801
  2,983
  3,172
  3,370
  3,574
  3,789
  4,011
  4,244
Debt-to-equity ratio
  0.062
  0.070
  0.120
  0.170
  0.200
  0.230
  0.250
  0.260
  0.280
  0.290
  0.300
  0.310
  0.320
  0.320
  0.330
  0.340
  0.340
  0.340
  0.350
  0.350
  0.350
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.370
  0.370
  0.370
  0.370
Adjusted equity ratio
  0.661
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719
  0.719

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  36
  50
  61
  72
  86
  100
  115
  132
  149
  168
  188
  213
  235
  258
  281
  306
  332
  359
  387
  416
  446
  477
  510
  543
  578
  615
  653
  693
  734
  777
  822
Depreciation, amort., depletion, $m
  11
  12
  13
  14
  15
  16
  18
  19
  21
  23
  25
  20
  22
  24
  26
  29
  31
  34
  36
  39
  42
  45
  48
  51
  55
  58
  62
  65
  69
  73
  78
Funds from operations, $m
  0
  61
  73
  86
  100
  116
  133
  151
  170
  191
  212
  233
  257
  282
  308
  335
  363
  393
  423
  455
  488
  522
  558
  595
  633
  673
  715
  758
  804
  851
  900
Change in working capital, $m
  -31
  7
  8
  8
  9
  10
  11
  12
  13
  13
  14
  15
  16
  16
  17
  18
  18
  19
  20
  21
  22
  22
  23
  24
  25
  26
  27
  28
  30
  31
  32
Cash from operations, $m
  31
  55
  65
  78
  91
  106
  122
  139
  158
  177
  198
  218
  241
  266
  291
  317
  345
  373
  403
  434
  466
  500
  534
  570
  608
  647
  688
  730
  774
  820
  868
Maintenance CAPEX, $m
  0
  -4
  -5
  -6
  -7
  -8
  -10
  -11
  -13
  -14
  -16
  -18
  -20
  -22
  -24
  -26
  -29
  -31
  -34
  -36
  -39
  -42
  -45
  -48
  -51
  -55
  -58
  -62
  -65
  -69
  -73
New CAPEX, $m
  -24
  -9
  -10
  -11
  -12
  -13
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -32
  -33
  -35
  -36
  -38
  -39
  -41
  -43
Cash from investing activities, $m
  -28
  -13
  -15
  -17
  -19
  -21
  -25
  -27
  -30
  -32
  -35
  -38
  -41
  -44
  -47
  -49
  -53
  -56
  -60
  -63
  -68
  -72
  -76
  -80
  -84
  -90
  -94
  -100
  -104
  -110
  -116
Free cash flow, $m
  3
  42
  50
  60
  72
  84
  98
  112
  128
  145
  163
  181
  201
  222
  244
  267
  291
  317
  343
  370
  398
  428
  458
  490
  523
  558
  593
  631
  669
  710
  752
Issuance/(repayment) of debt, $m
  -1
  14
  16
  17
  19
  21
  22
  24
  26
  27
  29
  30
  32
  33
  35
  36
  37
  39
  41
  42
  44
  46
  47
  49
  51
  53
  55
  58
  60
  63
  65
Issuance/(repurchase) of shares, $m
  2
  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  
  8
  14
  16
  17
  19
  21
  22
  24
  26
  27
  29
  30
  32
  33
  35
  36
  37
  39
  41
  42
  44
  46
  47
  49
  51
  53
  55
  58
  60
  63
  65
Total cash flow (excl. dividends), $m
  14
  55
  66
  78
  91
  105
  120
  136
  154
  172
  192
  211
  232
  255
  279
  303
  329
  356
  383
  412
  442
  473
  506
  539
  574
  611
  649
  688
  729
  772
  817
Retained Cash Flow (-), $m
  -49
  -35
  -40
  -44
  -49
  -53
  -57
  -61
  -65
  -69
  -73
  -77
  -81
  -85
  -88
  -92
  -96
  -100
  -104
  -108
  -112
  -116
  -121
  -126
  -131
  -136
  -142
  -148
  -154
  -160
  -167
Prev. year cash balance distribution, $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
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
 
  68
  26
  34
  42
  52
  63
  75
  88
  103
  119
  134
  151
  170
  190
  211
  233
  256
  280
  304
  330
  357
  385
  414
  444
  475
  507
  541
  576
  612
  650
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
 
  65
  24
  29
  35
  40
  46
  51
  55
  59
  62
  63
  65
  65
  64
  62
  59
  56
  51
  47
  42
  37
  32
  27
  23
  18
  15
  12
  9
  7
  5
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

Globant S.A. develops software solutions in the United States, Europe, and Latin America. It offers API management, e-commerce, and omnichannel solutions; graphics engineering, game engineering, gaming experience, and digital platform services; Big Data services, such as scalable platform, data integration, data architecture, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services. The company also provides enterprise consumerization services, including talent management, cloud development, collaboration solutions, and enterprise operations; UX design services comprising service, user experience, industrial design, and visual design; and native development, product development, and enterprise mobility services for mobiles. In addition, it engages in the design, management, and evolution of customersÂ’ cloud operational processes; as well as wearable application usability and interface design, hardware design and integration, data design and management, and native wearable and embedded development activities. Further, the company offers software evolution, IT service management, and software archaeology services; content management system, e-learning solutions, digital marketing, and video content production services; and cognitive computing services, such as decision making, rules engine, machine learning, and artificial intelligence. It serves medium- to large-sized companies operating in media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, and consumer, and retail and manufacturing industries. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is headquartered in Luxembourg.

FINANCIAL RATIOS  of  Globant (GLOB)

Valuation Ratios
P/E Ratio 37.5
Price to Sales 4.2
Price to Book 6.5
Price to Tangible Book
Price to Cash Flow 43.5
Price to Free Cash Flow 192.6
Growth Rates
Sales Growth Rate 27.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 33.3%
Cap. Spend. - 3 Yr. Gr. Rate 27.9%
Financial Strength
Quick Ratio 5
Current Ratio 0.1
LT Debt to Equity 0%
Total Debt to Equity 6.2%
Interest Coverage 0
Management Effectiveness
Return On Assets 14.2%
Ret/ On Assets - 3 Yr. Avg. 16.5%
Return On Total Capital 18.5%
Ret/ On T. Cap. - 3 Yr. Avg. 21.5%
Return On Equity 19.5%
Return On Equity - 3 Yr. Avg. 22.9%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 40.6%
Gross Margin - 3 Yr. Avg. 38.9%
EBITDA Margin 18.9%
EBITDA Margin - 3 Yr. Avg. 21.2%
Operating Margin 15.5%
Oper. Margin - 3 Yr. Avg. 16.8%
Pre-Tax Margin 15.5%
Pre-Tax Margin - 3 Yr. Avg. 17.4%
Net Profit Margin 11.1%
Net Profit Margin - 3 Yr. Avg. 12.1%
Effective Tax Rate 28%
Eff/ Tax Rate - 3 Yr. Avg. 30.2%
Payout Ratio 0%

GLOB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GLOB stock intrinsic value calculation we used $323 million for the last fiscal year's total revenue generated by Globant. The default revenue input number comes from 2016 income statement of Globant. 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 GLOB stock valuation model: a) initial revenue growth rate of 21.9% 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 GLOB is calculated based on our internal credit rating of Globant, 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 Globant.
    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 GLOB stock the variable cost ratio is equal to 83%.

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 GLOB 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 Globant.

Corporate tax rate of 27% is the nominal tax rate for Globant. 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 GLOB 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 GLOB are equal to 12.7%.

Life of production assets of 10 years is the average useful life of capital assets used in Globant 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 GLOB is equal to 9.6%. 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 - $209 million for Globant - 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 34.039 million for Globant 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 Globant at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating
EPAM EPAM Systems 80.82 50.29  sell
WIT Wipro ADR 5.96 10.75  str.buy
ACN Accenture Cl A 128.17 137.20  hold
LXFT Luxoft Holding 48.55 80.15  buy
CTSH Cognizant Tech 69.52 65.89  hold
INFY Infosys ADR 14.56 13.48  hold

COMPANY NEWS

▶ Globant misses 2Q profit forecasts   [Aug-17-17 09:52PM  Associated Press]
▶ Snapchat Isn't Interested in Becoming Facebook   [Aug-09-17 07:00AM  Bloomberg]
▶ New Strong Sell Stocks for July 26th   [Jul-26-17 09:22AM  Zacks]
▶ ETFs with exposure to Globant SA : July 6, 2017   [Jul-06-17 01:53PM  Capital Cube]
▶ New Strong Sell Stocks for June 9th   [Jun-09-17 08:10AM  Zacks]
▶ Globant buys Raleigh's PointSource in deal worth up to $28 million   [Jun-02-17 08:59AM  American City Business Journals]
▶ Globant meets 1Q profit forecasts   [May-18-17 04:24PM  Associated Press]
▶ Globant SA Value Analysis (NYSE:GLOB) : April 28, 2017   [Apr-28-17 04:55PM  Capital Cube]
▶ Globant meets 4Q profit forecasts   [Feb-16-17 05:35PM  Associated Press]
▶ 5 Stocks That Short Sellers Need to Fear   [10:06AM  TheStreet.com]
▶ Do Hedge Funds Love Ladder Capital Corp (LADR)?   [Dec-15-16 02:56PM  at Insider Monkey]
▶ Is Globant SA (GLOB) A Good Stock To Buy?   [Dec-13-16 05:13AM  at Insider Monkey]
▶ Why Shares of Globant SA Are Getting Crushed Today   [Nov-15-16 12:26PM  at Motley Fool]
▶ 3 Internet of Things Stocks You May Be Overlooking   [Oct-28-16 08:48AM  at Motley Fool]
▶ *** DATA NOT AVAILABLE ***   [Sep-21-16 07:01AM  at noodls]
▶ 3 Bankers & WPP CEO: Invest In Argentina   [Sep-14-16 04:04PM  at Barrons.com]
▶ Globant (GLOB) Stock Slumps on Downbeat Q3 Guidance   [Aug-11-16 02:30PM  at TheStreet]
Stock chart of GLOB Financial statements of GLOB
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.