Intrinsic value of Groupon - GRPN

Previous Close

$3.65

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

  Value-price divergence*

-82%

Previous close

$3.65

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

 
Value-price divergence*

-82%

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

We calculate the intrinsic value of GRPN 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 1.9

 

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, %
  0.74
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  3,143
  3,206
  3,280
  3,364
  3,459
  3,563
  3,678
  3,804
  3,939
  4,085
  4,242
  4,410
  4,589
  4,779
  4,982
  5,197
  5,425
  5,666
  5,921
  6,190
  6,474
  6,775
  7,091
  7,425
  7,776
  8,146
  8,536
  8,946
  9,378
  9,832
  10,310
Variable operating expenses, $m
 
  3,285
  3,360
  3,446
  3,542
  3,649
  3,766
  3,893
  4,031
  4,179
  4,338
  4,480
  4,662
  4,856
  5,061
  5,280
  5,511
  5,756
  6,015
  6,289
  6,578
  6,883
  7,204
  7,543
  7,900
  8,276
  8,672
  9,089
  9,528
  9,989
  10,475
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
  3,253
  3,285
  3,360
  3,446
  3,542
  3,649
  3,766
  3,893
  4,031
  4,179
  4,338
  4,480
  4,662
  4,856
  5,061
  5,280
  5,511
  5,756
  6,015
  6,289
  6,578
  6,883
  7,204
  7,543
  7,900
  8,276
  8,672
  9,089
  9,528
  9,989
  10,475
Operating income, $m
  -110
  -80
  -81
  -82
  -84
  -85
  -87
  -89
  -91
  -94
  -96
  -70
  -73
  -76
  -80
  -83
  -87
  -90
  -95
  -99
  -103
  -108
  -113
  -119
  -124
  -130
  -136
  -143
  -150
  -157
  -165
EBITDA, $m
  28
  -28
  -29
  -30
  -31
  -32
  -33
  -34
  -35
  -36
  -38
  -39
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -66
  -69
  -72
  -76
  -79
  -83
  -87
  -91
Interest expense (income), $m
  0
  7
  6
  7
  8
  9
  11
  13
  15
  17
  19
  22
  24
  27
  30
  33
  37
  40
  44
  48
  52
  56
  61
  66
  71
  77
  82
  88
  95
  102
  109
Earnings before tax, $m
  -186
  -87
  -86
  -89
  -92
  -95
  -98
  -102
  -106
  -111
  -115
  -92
  -98
  -103
  -110
  -116
  -123
  -130
  -138
  -147
  -155
  -165
  -174
  -185
  -195
  -207
  -219
  -231
  -245
  -259
  -273
Tax expense, $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
  0
Net income, $m
  -195
  -87
  -86
  -89
  -92
  -95
  -98
  -102
  -106
  -111
  -115
  -92
  -98
  -103
  -110
  -116
  -123
  -130
  -138
  -147
  -155
  -165
  -174
  -185
  -195
  -207
  -219
  -231
  -245
  -259
  -273

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  892
  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
  1,761
  1,585
  1,621
  1,663
  1,710
  1,761
  1,818
  1,880
  1,947
  2,019
  2,097
  2,180
  2,268
  2,363
  2,463
  2,569
  2,681
  2,801
  2,927
  3,060
  3,200
  3,349
  3,505
  3,670
  3,844
  4,027
  4,220
  4,422
  4,636
  4,860
  5,096
Adjusted assets (=assets-cash), $m
  869
  1,585
  1,621
  1,663
  1,710
  1,761
  1,818
  1,880
  1,947
  2,019
  2,097
  2,180
  2,268
  2,363
  2,463
  2,569
  2,681
  2,801
  2,927
  3,060
  3,200
  3,349
  3,505
  3,670
  3,844
  4,027
  4,220
  4,422
  4,636
  4,860
  5,096
Revenue / Adjusted assets
  3.617
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.022
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
  2.023
Average production assets, $m
  224
  228
  233
  239
  246
  253
  261
  270
  280
  290
  301
  313
  326
  339
  354
  369
  385
  402
  420
  439
  460
  481
  503
  527
  552
  578
  606
  635
  666
  698
  732
Working capital, $m
  -121
  -321
  -328
  -336
  -346
  -356
  -368
  -380
  -394
  -409
  -424
  -441
  -459
  -478
  -498
  -520
  -542
  -567
  -592
  -619
  -647
  -677
  -709
  -742
  -778
  -815
  -854
  -895
  -938
  -983
  -1,031
Total debt, $m
  228
  157
  190
  228
  270
  316
  367
  423
  484
  549
  618
  693
  773
  857
  947
  1,043
  1,144
  1,252
  1,365
  1,485
  1,611
  1,745
  1,886
  2,034
  2,190
  2,355
  2,529
  2,711
  2,903
  3,105
  3,318
Total liabilities, $m
  1,497
  1,426
  1,459
  1,497
  1,539
  1,585
  1,636
  1,692
  1,753
  1,818
  1,887
  1,962
  2,042
  2,126
  2,216
  2,312
  2,413
  2,521
  2,634
  2,754
  2,880
  3,014
  3,155
  3,303
  3,459
  3,624
  3,798
  3,980
  4,172
  4,374
  4,587
Total equity, $m
  264
  158
  162
  166
  171
  176
  182
  188
  195
  202
  210
  218
  227
  236
  246
  257
  268
  280
  293
  306
  320
  335
  351
  367
  384
  403
  422
  442
  464
  486
  510
Total liabilities and equity, $m
  1,761
  1,584
  1,621
  1,663
  1,710
  1,761
  1,818
  1,880
  1,948
  2,020
  2,097
  2,180
  2,269
  2,362
  2,462
  2,569
  2,681
  2,801
  2,927
  3,060
  3,200
  3,349
  3,506
  3,670
  3,843
  4,027
  4,220
  4,422
  4,636
  4,860
  5,097
Debt-to-equity ratio
  0.864
  0.990
  1.170
  1.370
  1.580
  1.800
  2.020
  2.250
  2.480
  2.720
  2.950
  3.180
  3.410
  3.630
  3.850
  4.060
  4.270
  4.470
  4.660
  4.850
  5.030
  5.210
  5.380
  5.540
  5.700
  5.850
  5.990
  6.130
  6.260
  6.390
  6.510
Adjusted equity ratio
  -0.723
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -195
  -87
  -86
  -89
  -92
  -95
  -98
  -102
  -106
  -111
  -115
  -92
  -98
  -103
  -110
  -116
  -123
  -130
  -138
  -147
  -155
  -165
  -174
  -185
  -195
  -207
  -219
  -231
  -245
  -259
  -273
Depreciation, amort., depletion, $m
  138
  51
  52
  52
  53
  54
  55
  55
  56
  57
  59
  31
  33
  34
  35
  37
  39
  40
  42
  44
  46
  48
  50
  53
  55
  58
  61
  64
  67
  70
  73
Funds from operations, $m
  124
  -35
  -35
  -36
  -39
  -41
  -44
  -47
  -50
  -53
  -57
  -61
  -65
  -69
  -74
  -79
  -85
  -90
  -96
  -103
  -109
  -116
  -124
  -132
  -140
  -149
  -158
  -168
  -178
  -189
  -200
Change in working capital, $m
  7
  -6
  -7
  -8
  -9
  -10
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -30
  -32
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -48
Cash from operations, $m
  117
  -29
  -27
  -28
  -29
  -31
  -32
  -34
  -36
  -39
  -41
  -44
  -47
  -50
  -54
  -58
  -62
  -66
  -71
  -76
  -81
  -86
  -92
  -98
  -105
  -112
  -119
  -127
  -135
  -143
  -152
Maintenance CAPEX, $m
  0
  -22
  -23
  -23
  -24
  -25
  -25
  -26
  -27
  -28
  -29
  -30
  -31
  -33
  -34
  -35
  -37
  -39
  -40
  -42
  -44
  -46
  -48
  -50
  -53
  -55
  -58
  -61
  -64
  -67
  -70
New CAPEX, $m
  -71
  -4
  -5
  -6
  -7
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
Cash from investing activities, $m
  -57
  -26
  -28
  -29
  -31
  -32
  -33
  -35
  -37
  -38
  -40
  -42
  -44
  -47
  -48
  -50
  -53
  -56
  -58
  -61
  -64
  -67
  -70
  -74
  -78
  -81
  -86
  -90
  -95
  -99
  -104
Free cash flow, $m
  60
  -55
  -55
  -57
  -60
  -63
  -66
  -69
  -73
  -77
  -81
  -86
  -91
  -96
  -102
  -108
  -115
  -122
  -129
  -137
  -145
  -154
  -163
  -172
  -183
  -193
  -205
  -217
  -229
  -242
  -256
Issuance/(repayment) of debt, $m
  152
  -42
  33
  37
  42
  47
  51
  56
  60
  65
  70
  75
  80
  85
  90
  96
  101
  107
  113
  120
  127
  134
  141
  148
  156
  165
  173
  183
  192
  202
  213
Issuance/(repurchase) of shares, $m
  -125
  159
  90
  93
  96
  100
  104
  108
  113
  118
  123
  100
  106
  113
  120
  127
  134
  142
  151
  160
  169
  179
  190
  201
  213
  225
  238
  252
  266
  281
  297
Cash from financing (excl. dividends), $m  
  -15
  117
  123
  130
  138
  147
  155
  164
  173
  183
  193
  175
  186
  198
  210
  223
  235
  249
  264
  280
  296
  313
  331
  349
  369
  390
  411
  435
  458
  483
  510
Total cash flow (excl. dividends), $m
  38
  62
  68
  73
  79
  84
  89
  95
  100
  106
  112
  89
  95
  101
  107
  114
  121
  128
  135
  143
  151
  159
  168
  177
  186
  196
  207
  218
  229
  241
  253
Retained Cash Flow (-), $m
  205
  -159
  -90
  -93
  -96
  -100
  -104
  -108
  -113
  -118
  -123
  -100
  -106
  -113
  -120
  -127
  -134
  -142
  -151
  -160
  -169
  -179
  -190
  -201
  -213
  -225
  -238
  -252
  -266
  -281
  -297
Prev. year cash balance distribution, $m
 
  178
  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
 
  81
  -22
  -20
  -18
  -16
  -14
  -13
  -12
  -12
  -12
  -11
  -11
  -12
  -12
  -13
  -14
  -15
  -16
  -17
  -19
  -20
  -22
  -24
  -26
  -29
  -31
  -34
  -37
  -40
  -43
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
 
  78
  -21
  -17
  -15
  -12
  -10
  -9
  -8
  -7
  -6
  -5
  -5
  -4
  -4
  -4
  -3
  -3
  -3
  -3
  -2
  -2
  -2
  -2
  -1
  -1
  -1
  -1
  -1
  0
  0
Current shareholders' claim on cash, %
  100
  79.9
  74.1
  68.8
  63.7
  59.0
  54.6
  50.5
  46.7
  43.2
  39.8
  37.4
  35.1
  32.8
  30.7
  28.7
  26.8
  25.0
  23.3
  21.7
  20.1
  18.7
  17.4
  16.1
  14.9
  13.8
  12.8
  11.8
  10.9
  10.1
  9.3

Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It offers its deal offerings to customers through Websites; search engines; mobile applications and mobile Web browsers, which enable consumers to browse, purchase, manage, and redeem deals on their mobile devices; emails; affiliate channels; display advertising; and television and radio advertising. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. The company was founded in 2008 and is headquartered in Chicago, Illinois. Groupon, Inc. is a subsidiary of The Point, LLC.

FINANCIAL RATIOS  of  Groupon (GRPN)

Valuation Ratios
P/E Ratio -10.6
Price to Sales 0.7
Price to Book 7.8
Price to Tangible Book
Price to Cash Flow 17.6
Price to Free Cash Flow 44.8
Growth Rates
Sales Growth Rate 0.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -17.4%
Cap. Spend. - 3 Yr. Gr. Rate 1.8%
Financial Strength
Quick Ratio 31
Current Ratio 0
LT Debt to Equity 75.4%
Total Debt to Equity 86.4%
Interest Coverage 0
Management Effectiveness
Return On Assets -11%
Ret/ On Assets - 3 Yr. Avg. -4.4%
Return On Total Capital -38.3%
Ret/ On T. Cap. - 3 Yr. Avg. -14.9%
Return On Equity -53.2%
Return On Equity - 3 Yr. Avg. -19.9%
Asset Turnover 1.8
Profitability Ratios
Gross Margin 43.2%
Gross Margin - 3 Yr. Avg. 45.2%
EBITDA Margin -1.5%
EBITDA Margin - 3 Yr. Avg. 1%
Operating Margin -3.5%
Oper. Margin - 3 Yr. Avg. -1.7%
Pre-Tax Margin -5.9%
Pre-Tax Margin - 3 Yr. Avg. -3.2%
Net Profit Margin -6.2%
Net Profit Margin - 3 Yr. Avg. -2.6%
Effective Tax Rate 1.6%
Eff/ Tax Rate - 3 Yr. Avg. -160.3%
Payout Ratio 0%

GRPN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GRPN stock intrinsic value calculation we used $3143 million for the last fiscal year's total revenue generated by Groupon. The default revenue input number comes from 2016 income statement of Groupon. 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 GRPN stock valuation model: a) initial revenue growth rate of 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 4.3%, whose default value for GRPN is calculated based on our internal credit rating of Groupon, 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 Groupon.
    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 GRPN stock the variable cost ratio is equal to 102.5%.

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 GRPN 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 Groupon.

Corporate tax rate of 27% is the nominal tax rate for Groupon. 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 GRPN 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 GRPN are equal to 7.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Groupon 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 GRPN is equal to -10%. 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 - $264 million for Groupon - 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 530.516 million for Groupon 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 Groupon at the current share price and the inputted number of shares is $1.9 billion.

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COMPANY NEWS

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▶ Why Wall Street Is Cautious about Groupon   [09:06AM  Market Realist]
▶ Behind Groupons Stock Repurchase Program   [07:37AM  Market Realist]
▶ Inside Groupon International: After the Restructuring   [Jun-15-17 03:05PM  Market Realist]
▶ Are Groupons Investments Panning Out?   [01:35PM  Market Realist]
▶ Why Groupon Stock Fell in May 2017   [Jun-05-17 04:50PM  Market Realist]
▶ Small businesses finally figure out how to use Groupon   [May-15-17 10:00AM  MarketWatch]
▶ [$$] Yelp: zombie adpocalypse   [01:39AM  Financial Times]
▶ ETFs with exposure to Groupon, Inc. : May 8, 2017   [May-08-17 04:37PM  Capital Cube]
▶ Groupon, Inc. Value Analysis (NASDAQ:GRPN) : May 4, 2017   [May-04-17 04:48PM  Capital Cube]
▶ What Happened in the Stock Market Today   [May-03-17 04:55PM  Motley Fool]
▶ Why Groupon Stock Plunged Today   [02:03PM  Motley Fool]
▶ Tech, biotech, & small-caps in the Blitz   [01:27PM  CNBC Videos]
▶ Groupon reports 1Q loss   [08:49AM  Associated Press]
▶ Groupon's stock plummets on sales miss   [08:49AM  MarketWatch]
▶ Groupon Announces First Quarter 2017 Results   [08:32AM  Business Wire]
▶ Vetr Crowd Downgrades Groupon As Earnings Approach   [May-02-17 05:12PM  Benzinga]
▶ Small Businesses Are Returning to Groupon With New Math   [Apr-30-17 10:35PM  The Wall Street Journal]
▶ ParkWhiz hires Groupon vet   [Apr-27-17 01:55PM  American City Business Journals]
▶ Groupon Stock Rating Downgraded at Morgan Stanley   [Apr-24-17 11:09AM  TheStreet.com]
▶ Groupon founders' auto startup Drivin sold for $43M   [Apr-21-17 03:25PM  American City Business Journals]
▶ Groupon co-founder moves to help youth access modern art   [Apr-12-17 02:55PM  American City Business Journals]
▶ A Look at Groupons Marketing Strategy   [Apr-04-17 03:05PM  Market Realist]
▶ Flatiron Health poaches Groupon exec and former Google M&A chief   [01:50PM  American City Business Journals]
▶ Judge dismisses investors' lawsuit against OrderUp founder   [Mar-31-17 09:20AM  at bizjournals.com]
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▶ Why Live Nation Should Be Wary of Partnering With Amazon   [Mar-28-17 05:20PM  TheStreet.com]
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Stock chart of GRPN Financial statements of GRPN Annual reports of GRPN
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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