Intrinsic value of Genesee&Wyoming Cl A - GWR

Previous Close

$65.17

  Intrinsic Value

$37.34

stock screener

  Rating & Target

sell

-43%

  Value-price divergence*

-83%

Previous close

$65.17

 
Intrinsic value

$37.34

 
Up/down potential

-43%

 
Rating

sell

 
Value-price divergence*

-83%

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

We calculate the intrinsic value of GWR 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 4.0

 

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, %
  0.10
  7.50
  7.25
  7.02
  6.82
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
  5.87
  5.78
  5.71
  5.64
  5.57
  5.51
  5.46
  5.42
  5.38
  5.34
  5.30
  5.27
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
  5.13
  5.12
Revenue, $m
  2,002
  2,152
  2,308
  2,470
  2,639
  2,814
  2,996
  3,186
  3,383
  3,589
  3,803
  4,026
  4,259
  4,502
  4,756
  5,021
  5,298
  5,588
  5,890
  6,207
  6,538
  6,885
  7,248
  7,628
  8,026
  8,444
  8,881
  9,340
  9,820
  10,324
  10,852
Variable operating expenses, $m
 
  1,752
  1,871
  1,994
  2,123
  2,256
  2,395
  2,540
  2,690
  2,847
  3,010
  3,067
  3,245
  3,430
  3,623
  3,825
  4,036
  4,256
  4,487
  4,728
  4,980
  5,245
  5,521
  5,811
  6,114
  6,432
  6,765
  7,114
  7,481
  7,864
  8,267
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
  1,712
  1,752
  1,871
  1,994
  2,123
  2,256
  2,395
  2,540
  2,690
  2,847
  3,010
  3,067
  3,245
  3,430
  3,623
  3,825
  4,036
  4,256
  4,487
  4,728
  4,980
  5,245
  5,521
  5,811
  6,114
  6,432
  6,765
  7,114
  7,481
  7,864
  8,267
Operating income, $m
  290
  400
  437
  476
  516
  558
  601
  646
  693
  742
  793
  959
  1,015
  1,073
  1,133
  1,196
  1,262
  1,331
  1,403
  1,479
  1,558
  1,640
  1,727
  1,817
  1,912
  2,012
  2,116
  2,225
  2,340
  2,460
  2,586
EBITDA, $m
  495
  685
  735
  787
  841
  896
  954
  1,015
  1,078
  1,143
  1,211
  1,282
  1,357
  1,434
  1,515
  1,599
  1,688
  1,780
  1,876
  1,977
  2,082
  2,193
  2,309
  2,430
  2,557
  2,689
  2,829
  2,975
  3,128
  3,288
  3,457
Interest expense (income), $m
  66
  81
  94
  107
  120
  134
  148
  163
  179
  195
  212
  230
  248
  268
  288
  308
  330
  353
  377
  402
  428
  455
  484
  514
  545
  578
  612
  648
  686
  726
  767
Earnings before tax, $m
  215
  319
  343
  369
  396
  424
  453
  483
  514
  547
  581
  729
  766
  805
  846
  888
  932
  978
  1,026
  1,077
  1,130
  1,185
  1,243
  1,304
  1,367
  1,434
  1,504
  1,577
  1,654
  1,734
  1,818
Tax expense, $m
  74
  86
  93
  100
  107
  114
  122
  130
  139
  148
  157
  197
  207
  217
  228
  240
  252
  264
  277
  291
  305
  320
  336
  352
  369
  387
  406
  426
  446
  468
  491
Net income, $m
  141
  233
  251
  269
  289
  309
  331
  353
  375
  399
  424
  532
  559
  588
  617
  648
  680
  714
  749
  786
  825
  865
  907
  952
  998
  1,047
  1,098
  1,151
  1,207
  1,266
  1,327

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  32
  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
  7,635
  8,183
  8,776
  9,393
  10,034
  10,700
  11,393
  12,114
  12,865
  13,646
  14,461
  15,310
  16,195
  17,119
  18,084
  19,092
  20,145
  21,245
  22,396
  23,600
  24,860
  26,178
  27,559
  29,004
  30,519
  32,106
  33,769
  35,512
  37,339
  39,255
  41,264
Adjusted assets (=assets-cash), $m
  7,603
  8,183
  8,776
  9,393
  10,034
  10,700
  11,393
  12,114
  12,865
  13,646
  14,461
  15,310
  16,195
  17,119
  18,084
  19,092
  20,145
  21,245
  22,396
  23,600
  24,860
  26,178
  27,559
  29,004
  30,519
  32,106
  33,769
  35,512
  37,339
  39,255
  41,264
Revenue / Adjusted assets
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
Average production assets, $m
  3,553
  3,818
  4,095
  4,382
  4,681
  4,992
  5,316
  5,652
  6,002
  6,367
  6,747
  7,143
  7,556
  7,987
  8,437
  8,908
  9,399
  9,912
  10,449
  11,011
  11,599
  12,214
  12,858
  13,532
  14,239
  14,979
  15,755
  16,568
  17,421
  18,315
  19,252
Working capital, $m
  6
  28
  30
  32
  34
  37
  39
  41
  44
  47
  49
  52
  55
  59
  62
  65
  69
  73
  77
  81
  85
  90
  94
  99
  104
  110
  115
  121
  128
  134
  141
Total debt, $m
  2,359
  2,684
  3,052
  3,433
  3,830
  4,242
  4,671
  5,118
  5,582
  6,066
  6,570
  7,096
  7,644
  8,216
  8,813
  9,437
  10,089
  10,770
  11,482
  12,227
  13,007
  13,823
  14,678
  15,573
  16,510
  17,492
  18,522
  19,601
  20,732
  21,918
  23,161
Total liabilities, $m
  4,740
  5,065
  5,433
  5,814
  6,211
  6,623
  7,052
  7,499
  7,963
  8,447
  8,951
  9,477
  10,025
  10,597
  11,194
  11,818
  12,470
  13,151
  13,863
  14,608
  15,388
  16,204
  17,059
  17,954
  18,891
  19,873
  20,903
  21,982
  23,113
  24,299
  25,542
Total equity, $m
  2,895
  3,118
  3,344
  3,579
  3,823
  4,077
  4,341
  4,615
  4,901
  5,199
  5,510
  5,833
  6,170
  6,523
  6,890
  7,274
  7,675
  8,094
  8,533
  8,992
  9,472
  9,974
  10,500
  11,051
  11,628
  12,232
  12,866
  13,530
  14,226
  14,956
  15,721
Total liabilities and equity, $m
  7,635
  8,183
  8,777
  9,393
  10,034
  10,700
  11,393
  12,114
  12,864
  13,646
  14,461
  15,310
  16,195
  17,120
  18,084
  19,092
  20,145
  21,245
  22,396
  23,600
  24,860
  26,178
  27,559
  29,005
  30,519
  32,105
  33,769
  35,512
  37,339
  39,255
  41,263
Debt-to-equity ratio
  0.815
  0.860
  0.910
  0.960
  1.000
  1.040
  1.080
  1.110
  1.140
  1.170
  1.190
  1.220
  1.240
  1.260
  1.280
  1.300
  1.310
  1.330
  1.350
  1.360
  1.370
  1.390
  1.400
  1.410
  1.420
  1.430
  1.440
  1.450
  1.460
  1.470
  1.470
Adjusted equity ratio
  0.377
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381
  0.381

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  141
  233
  251
  269
  289
  309
  331
  353
  375
  399
  424
  532
  559
  588
  617
  648
  680
  714
  749
  786
  825
  865
  907
  952
  998
  1,047
  1,098
  1,151
  1,207
  1,266
  1,327
Depreciation, amort., depletion, $m
  205
  285
  298
  311
  324
  338
  353
  368
  384
  401
  418
  323
  342
  361
  382
  403
  425
  449
  473
  498
  525
  553
  582
  612
  644
  678
  713
  750
  788
  829
  871
Funds from operations, $m
  384
  518
  549
  580
  613
  648
  684
  721
  760
  800
  842
  856
  901
  949
  999
  1,051
  1,106
  1,163
  1,222
  1,284
  1,350
  1,418
  1,489
  1,564
  1,642
  1,724
  1,811
  1,901
  1,995
  2,095
  2,199
Change in working capital, $m
  -23
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  7
  7
Cash from operations, $m
  407
  516
  547
  578
  611
  646
  681
  718
  757
  797
  839
  853
  898
  946
  996
  1,048
  1,102
  1,159
  1,218
  1,280
  1,345
  1,413
  1,484
  1,559
  1,637
  1,719
  1,805
  1,895
  1,989
  2,088
  2,192
Maintenance CAPEX, $m
  0
  -161
  -173
  -185
  -198
  -212
  -226
  -241
  -256
  -272
  -288
  -305
  -323
  -342
  -361
  -382
  -403
  -425
  -449
  -473
  -498
  -525
  -553
  -582
  -612
  -644
  -678
  -713
  -750
  -788
  -829
New CAPEX, $m
  -220
  -265
  -277
  -288
  -299
  -311
  -323
  -336
  -350
  -365
  -380
  -396
  -413
  -431
  -450
  -470
  -491
  -513
  -537
  -562
  -588
  -615
  -644
  -675
  -707
  -740
  -776
  -813
  -853
  -894
  -937
Cash from investing activities, $m
  -1,135
  -426
  -450
  -473
  -497
  -523
  -549
  -577
  -606
  -637
  -668
  -701
  -736
  -773
  -811
  -852
  -894
  -938
  -986
  -1,035
  -1,086
  -1,140
  -1,197
  -1,257
  -1,319
  -1,384
  -1,454
  -1,526
  -1,603
  -1,682
  -1,766
Free cash flow, $m
  -728
  90
  97
  105
  114
  123
  132
  142
  151
  161
  171
  151
  162
  173
  184
  196
  208
  220
  233
  246
  259
  273
  288
  303
  318
  334
  351
  369
  387
  406
  426
Issuance/(repayment) of debt, $m
  -30
  357
  367
  382
  397
  412
  429
  446
  465
  484
  504
  526
  548
  572
  597
  624
  652
  681
  712
  745
  780
  816
  855
  895
  937
  982
  1,029
  1,079
  1,131
  1,186
  1,244
Issuance/(repurchase) of shares, $m
  291
  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  
  720
  357
  367
  382
  397
  412
  429
  446
  465
  484
  504
  526
  548
  572
  597
  624
  652
  681
  712
  745
  780
  816
  855
  895
  937
  982
  1,029
  1,079
  1,131
  1,186
  1,244
Total cash flow (excl. dividends), $m
  -4
  447
  464
  487
  511
  535
  561
  588
  616
  645
  675
  677
  710
  745
  781
  820
  859
  901
  945
  991
  1,039
  1,089
  1,142
  1,198
  1,256
  1,317
  1,381
  1,448
  1,518
  1,592
  1,669
Retained Cash Flow (-), $m
  -376
  -223
  -226
  -235
  -244
  -254
  -264
  -275
  -286
  -298
  -310
  -324
  -337
  -352
  -368
  -384
  -401
  -419
  -438
  -459
  -480
  -502
  -526
  -551
  -577
  -605
  -634
  -664
  -696
  -730
  -765
Prev. year cash balance distribution, $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 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
 
  224
  238
  252
  266
  281
  297
  313
  330
  347
  365
  353
  373
  393
  414
  436
  458
  482
  507
  532
  559
  587
  616
  647
  679
  712
  747
  784
  822
  862
  904
Discount rate, %
 
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.18
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.20
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.37
  29.79
  31.28
PV of cash for distribution, $m
 
  209
  204
  198
  190
  181
  170
  159
  146
  133
  120
  98
  86
  74
  63
  53
  44
  35
  28
  22
  17
  12
  9
  6
  4
  3
  2
  1
  1
  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

Genesee & Wyoming Inc. owns and operates short line and regional freight railroads, and provides railcar switching and other rail-related services. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, pulp and paper, and other commodities. It owns or leases 120 freight railroads, including 103 short line railroads and 2 regional freight railroads located in the United States, 8 short line railroads located in Canada, 3 railroads located in Australia, 1 railroad located in the United Kingdom, 1 railroad in Poland, and 2 railroads in the Netherlands with a total of approximately 15,600 miles of track. The company also operates 1,400-mile Tarcoola-to-Darwin rail line in South Australia; and approximately 5,700 additional miles of track that is owned or leased by others. In addition, it operates deep sea maritime containers and provides bulk haulage, including coal, aggregates, cement, and infrastructure services. Further, the company provides rail service, coal loading, and railcar switching services; demurrage, storage, car hire, track access rights, transloading, and crewing and traction services; and railcar and locomotive repairs, property rentals, railroad construction, and other ancillary services for short line and regional railroads and industrial customers. Genesee & Wyoming Inc. was founded in 1899 and is headquartered in Darien, Connecticut.

FINANCIAL RATIOS  of  Genesee&Wyoming Cl A (GWR)

Valuation Ratios
P/E Ratio 28.7
Price to Sales 2
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 9.9
Price to Free Cash Flow 21.6
Growth Rates
Sales Growth Rate 0.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -40.9%
Cap. Spend. - 3 Yr. Gr. Rate -2.4%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 79.7%
Total Debt to Equity 81.5%
Interest Coverage 4
Management Effectiveness
Return On Assets 2.6%
Ret/ On Assets - 3 Yr. Avg. 3.9%
Return On Total Capital 2.8%
Ret/ On T. Cap. - 3 Yr. Avg. 4.9%
Return On Equity 5.2%
Return On Equity - 3 Yr. Avg. 8.7%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 72.1%
Gross Margin - 3 Yr. Avg. 73%
EBITDA Margin 24.3%
EBITDA Margin - 3 Yr. Avg. 27.9%
Operating Margin 14.5%
Oper. Margin - 3 Yr. Avg. 19.5%
Pre-Tax Margin 10.7%
Pre-Tax Margin - 3 Yr. Avg. 16.1%
Net Profit Margin 7%
Net Profit Margin - 3 Yr. Avg. 11.4%
Effective Tax Rate 34.4%
Eff/ Tax Rate - 3 Yr. Avg. 29.6%
Payout Ratio 0%

GWR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GWR stock intrinsic value calculation we used $2002 million for the last fiscal year's total revenue generated by Genesee&Wyoming Cl A. The default revenue input number comes from 2016 income statement of Genesee&Wyoming 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 GWR stock valuation model: a) initial revenue growth rate of 7.5% 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 7.6%, whose default value for GWR is calculated based on our internal credit rating of Genesee&Wyoming 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 Genesee&Wyoming 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 GWR stock the variable cost ratio is equal to 81.8%.

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 GWR 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 Genesee&Wyoming Cl A.

Corporate tax rate of 27% is the nominal tax rate for Genesee&Wyoming 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 GWR 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 GWR are equal to 177.4%.

Life of production assets of 22.1 years is the average useful life of capital assets used in Genesee&Wyoming 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 GWR is equal to 1.3%. 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 - $2895 million for Genesee&Wyoming 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 60.843 million for Genesee&Wyoming 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 Genesee&Wyoming Cl A at the current share price and the inputted number of shares is $4.0 billion.

RELATED COMPANIES Price Int.Val. Rating
KSU Kansas City So 101.51 9.57  str.sell
UNP Union Pacific 101.40 58.92  sell
NSC Norfolk Southe 113.01 30.06  str.sell
CSX CSX 50.00 15.09  str.sell
CP Canadian Pacif 157.05 55.02  str.sell
CNI Canadian Natio 78.80 27.16  str.sell

COMPANY NEWS

▶ Inside Genesee and Wyomings European Volumes in June 2017   [Jul-25-17 10:37AM  Market Realist]
▶ What Led to the Solid Jump in CSXs Coal Revenues in 2Q17?   [Jul-20-17 01:35PM  Market Realist]
▶ Genesee & Wyoming: Behind Its European Volumes in May 2017   [Jun-23-17 09:05AM  Market Realist]
▶ Comparing CSXs Intermodal Volumes with NSC in Week 23   [Jun-21-17 09:07AM  Market Realist]
▶ [$$] Riding Genesee & Wyoming   [Jun-17-17 12:01AM  Barrons.com]
▶ Genesee & Wyoming Reports Traffic for May 2017   [Jun-12-17 04:05PM  Business Wire]
▶ How GWRs North American Carloads Trended in April 2017   [May-25-17 10:36AM  Market Realist]
▶ Genesee & Wyoming Reports Traffic for April 2017   [May-08-17 06:18PM  Business Wire]
▶ Genesee & Wyoming misses Street 1Q forecasts   [06:23AM  Associated Press]
▶ Does the Rise in CSXs 1Q17 Coal Revenues Signal Recovery?   [Apr-24-17 09:09AM  Market Realist]
▶ Analyzing Genesee & Wyomings European Carloads in March 2017   [Apr-20-17 09:06AM  Market Realist]
▶ Comparing CSXs Intermodal Volumes in Week 14 of 2017   [Apr-19-17 07:37AM  Market Realist]
▶ Canadian Pacific Railway: Overall Freight Traffic in Week 14   [Apr-18-17 02:15PM  Market Realist]
▶ How CSXs Intermodal Volumes Compared in Week 13 of 2017   [Apr-10-17 03:34PM  Market Realist]
▶ Did CSXs Intermodal Volumes Fall in Line in Week 11?   [Mar-28-17 12:11PM  Market Realist]
▶ Analyzing GWRs European Carloads in February 2017   [Mar-22-17 10:36AM  Market Realist]
▶ How Were CSXs Intermodal Volumes in the 10th Week?   [Mar-21-17 10:37AM  Market Realist]
▶ Genesee & Wyoming Reports Traffic for February 2017   [Mar-13-17 04:30PM  Business Wire]
▶ How Did GWRs North American Carloads Add Up in January 2016?   [Feb-23-17 10:36AM  Market Realist]
▶ Inside GWRs European Carload Rise in January   [Feb-22-17 09:06AM  Market Realist]
▶ Genesee & Wyoming Reports Traffic for January 2017   [Feb-13-17 05:02PM  Business Wire]
Stock chart of GWR Financial statements of GWR Annual reports of GWR
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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