Intrinsic value of Hooker Furniture - HOFT

Previous Close

$41.15

  Intrinsic Value

$249.25

stock screener

  Rating & Target

str. buy

+506%

  Value-price divergence*

-108%

Previous close

$41.15

 
Intrinsic value

$249.25

 
Up/down potential

+506%

 
Rating

str. buy

 
Value-price divergence*

-108%

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

We calculate the intrinsic value of HOFT 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 2017), $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 0.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  133.60
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  577
  923
  1,426
  2,133
  3,095
  4,367
  6,003
  8,058
  10,581
  13,615
  17,196
  21,354
  26,107
  31,468
  37,441
  44,024
  51,210
  58,990
  67,350
  76,277
  85,758
  95,781
  106,334
  117,410
  129,004
  141,113
  153,741
  166,891
  180,573
  194,800
  209,586
Variable operating expenses, $m
 
  832
  1,285
  1,920
  2,785
  3,928
  5,399
  7,246
  9,514
  12,242
  15,462
  19,198
  23,471
  28,290
  33,660
  39,578
  46,039
  53,033
  60,549
  68,574
  77,098
  86,108
  95,596
  105,553
  115,976
  126,863
  138,215
  150,038
  162,338
  175,128
  188,421
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
  538
  832
  1,285
  1,920
  2,785
  3,928
  5,399
  7,246
  9,514
  12,242
  15,462
  19,198
  23,471
  28,290
  33,660
  39,578
  46,039
  53,033
  60,549
  68,574
  77,098
  86,108
  95,596
  105,553
  115,976
  126,863
  138,215
  150,038
  162,338
  175,128
  188,421
Operating income, $m
  39
  91
  142
  213
  310
  439
  604
  811
  1,066
  1,373
  1,734
  2,156
  2,636
  3,178
  3,781
  4,446
  5,172
  5,957
  6,801
  7,703
  8,660
  9,673
  10,738
  11,857
  13,028
  14,251
  15,526
  16,854
  18,235
  19,672
  21,165
EBITDA, $m
  47
  99
  153
  229
  333
  470
  646
  867
  1,138
  1,465
  1,850
  2,297
  2,809
  3,386
  4,028
  4,736
  5,509
  6,346
  7,246
  8,206
  9,226
  10,305
  11,440
  12,632
  13,879
  15,182
  16,540
  17,955
  19,427
  20,958
  22,549
Interest expense (income), $m
  1
  2
  5
  9
  15
  23
  33
  47
  64
  85
  111
  141
  176
  215
  260
  310
  365
  425
  491
  560
  635
  715
  798
  887
  979
  1,076
  1,178
  1,283
  1,393
  1,508
  1,627
Earnings before tax, $m
  39
  89
  137
  204
  295
  416
  570
  764
  1,002
  1,287
  1,623
  2,016
  2,461
  2,962
  3,521
  4,136
  4,806
  5,532
  6,311
  7,142
  8,025
  8,958
  9,940
  10,970
  12,048
  13,174
  14,348
  15,570
  16,842
  18,164
  19,538
Tax expense, $m
  14
  24
  37
  55
  80
  112
  154
  206
  270
  348
  438
  544
  664
  800
  951
  1,117
  1,298
  1,494
  1,704
  1,928
  2,167
  2,419
  2,684
  2,962
  3,253
  3,557
  3,874
  4,204
  4,547
  4,904
  5,275
Net income, $m
  25
  65
  100
  149
  216
  304
  416
  558
  731
  940
  1,185
  1,471
  1,796
  2,163
  2,570
  3,019
  3,509
  4,038
  4,607
  5,214
  5,858
  6,539
  7,256
  8,008
  8,795
  9,617
  10,474
  11,366
  12,295
  13,260
  14,263

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  40
  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
  319
  446
  690
  1,031
  1,497
  2,112
  2,903
  3,896
  5,116
  6,583
  8,315
  10,326
  12,624
  15,217
  18,105
  21,288
  24,763
  28,525
  32,568
  36,885
  41,469
  46,316
  51,419
  56,775
  62,381
  68,237
  74,343
  80,702
  87,318
  94,197
  101,347
Adjusted assets (=assets-cash), $m
  279
  446
  690
  1,031
  1,497
  2,112
  2,903
  3,896
  5,116
  6,583
  8,315
  10,326
  12,624
  15,217
  18,105
  21,288
  24,763
  28,525
  32,568
  36,885
  41,469
  46,316
  51,419
  56,775
  62,381
  68,237
  74,343
  80,702
  87,318
  94,197
  101,347
Revenue / Adjusted assets
  2.068
  2.070
  2.067
  2.069
  2.067
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
  2.068
Average production assets, $m
  38
  61
  94
  141
  204
  288
  396
  532
  698
  899
  1,135
  1,409
  1,723
  2,077
  2,471
  2,906
  3,380
  3,893
  4,445
  5,034
  5,660
  6,322
  7,018
  7,749
  8,514
  9,313
  10,147
  11,015
  11,918
  12,857
  13,833
Working capital, $m
  148
  183
  282
  422
  613
  865
  1,189
  1,595
  2,095
  2,696
  3,405
  4,228
  5,169
  6,231
  7,413
  8,717
  10,140
  11,680
  13,335
  15,103
  16,980
  18,965
  21,054
  23,247
  25,543
  27,940
  30,441
  33,044
  35,754
  38,570
  41,498
Total debt, $m
  48
  111
  211
  352
  544
  797
  1,123
  1,532
  2,035
  2,639
  3,353
  4,181
  5,128
  6,196
  7,386
  8,698
  10,129
  11,679
  13,345
  15,123
  17,012
  19,009
  21,112
  23,318
  25,628
  28,041
  30,556
  33,176
  35,902
  38,736
  41,682
Total liabilities, $m
  121
  184
  284
  425
  617
  870
  1,196
  1,605
  2,108
  2,712
  3,426
  4,254
  5,201
  6,269
  7,459
  8,771
  10,202
  11,752
  13,418
  15,196
  17,085
  19,082
  21,185
  23,391
  25,701
  28,114
  30,629
  33,249
  35,975
  38,809
  41,755
Total equity, $m
  198
  262
  406
  607
  880
  1,242
  1,707
  2,291
  3,008
  3,871
  4,889
  6,072
  7,423
  8,947
  10,646
  12,517
  14,561
  16,773
  19,150
  21,688
  24,384
  27,234
  30,234
  33,383
  36,680
  40,123
  43,714
  47,453
  51,343
  55,388
  59,592
Total liabilities and equity, $m
  319
  446
  690
  1,032
  1,497
  2,112
  2,903
  3,896
  5,116
  6,583
  8,315
  10,326
  12,624
  15,216
  18,105
  21,288
  24,763
  28,525
  32,568
  36,884
  41,469
  46,316
  51,419
  56,774
  62,381
  68,237
  74,343
  80,702
  87,318
  94,197
  101,347
Debt-to-equity ratio
  0.242
  0.420
  0.520
  0.580
  0.620
  0.640
  0.660
  0.670
  0.680
  0.680
  0.690
  0.690
  0.690
  0.690
  0.690
  0.690
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
  0.700
Adjusted equity ratio
  0.566
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588
  0.588

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  25
  65
  100
  149
  216
  304
  416
  558
  731
  940
  1,185
  1,471
  1,796
  2,163
  2,570
  3,019
  3,509
  4,038
  4,607
  5,214
  5,858
  6,539
  7,256
  8,008
  8,795
  9,617
  10,474
  11,366
  12,295
  13,260
  14,263
Depreciation, amort., depletion, $m
  8
  8
  12
  16
  23
  31
  42
  55
  72
  92
  116
  141
  172
  208
  247
  291
  338
  389
  445
  503
  566
  632
  702
  775
  851
  931
  1,015
  1,101
  1,192
  1,286
  1,383
Funds from operations, $m
  28
  73
  112
  165
  238
  335
  458
  613
  803
  1,032
  1,301
  1,612
  1,969
  2,370
  2,817
  3,310
  3,847
  4,427
  5,051
  5,717
  6,424
  7,172
  7,958
  8,783
  9,647
  10,548
  11,489
  12,468
  13,486
  14,546
  15,646
Change in working capital, $m
  -3
  69
  100
  140
  190
  252
  324
  407
  499
  601
  709
  823
  941
  1,061
  1,183
  1,303
  1,423
  1,540
  1,655
  1,768
  1,877
  1,984
  2,090
  2,193
  2,296
  2,398
  2,500
  2,604
  2,709
  2,817
  2,928
Cash from operations, $m
  31
  5
  12
  26
  48
  83
  134
  207
  304
  431
  592
  789
  1,028
  1,309
  1,635
  2,006
  2,424
  2,887
  3,396
  3,950
  4,547
  5,187
  5,868
  6,590
  7,351
  8,151
  8,988
  9,864
  10,777
  11,729
  12,719
Maintenance CAPEX, $m
  0
  -4
  -6
  -9
  -14
  -20
  -29
  -40
  -53
  -70
  -90
  -113
  -141
  -172
  -208
  -247
  -291
  -338
  -389
  -445
  -503
  -566
  -632
  -702
  -775
  -851
  -931
  -1,015
  -1,101
  -1,192
  -1,286
New CAPEX, $m
  -2
  -23
  -33
  -47
  -63
  -84
  -108
  -136
  -166
  -200
  -236
  -274
  -314
  -354
  -394
  -434
  -474
  -513
  -552
  -589
  -626
  -661
  -697
  -731
  -765
  -799
  -833
  -868
  -903
  -939
  -976
Cash from investing activities, $m
  -88
  -27
  -39
  -56
  -77
  -104
  -137
  -176
  -219
  -270
  -326
  -387
  -455
  -526
  -602
  -681
  -765
  -851
  -941
  -1,034
  -1,129
  -1,227
  -1,329
  -1,433
  -1,540
  -1,650
  -1,764
  -1,883
  -2,004
  -2,131
  -2,262
Free cash flow, $m
  -57
  -22
  -27
  -31
  -30
  -21
  -2
  31
  84
  161
  265
  401
  573
  783
  1,033
  1,325
  1,659
  2,036
  2,455
  2,916
  3,418
  3,960
  4,540
  5,157
  5,811
  6,500
  7,224
  7,981
  8,773
  9,598
  10,457
Issuance/(repayment) of debt, $m
  48
  69
  100
  141
  192
  253
  326
  409
  503
  604
  714
  828
  947
  1,068
  1,190
  1,311
  1,432
  1,550
  1,666
  1,779
  1,889
  1,997
  2,102
  2,207
  2,310
  2,413
  2,516
  2,620
  2,726
  2,834
  2,946
Issuance/(repurchase) of shares, $m
  0
  33
  43
  52
  58
  58
  49
  26
  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  
  48
  102
  143
  193
  250
  311
  375
  435
  503
  604
  714
  828
  947
  1,068
  1,190
  1,311
  1,432
  1,550
  1,666
  1,779
  1,889
  1,997
  2,102
  2,207
  2,310
  2,413
  2,516
  2,620
  2,726
  2,834
  2,946
Total cash flow (excl. dividends), $m
  -9
  81
  116
  162
  220
  290
  372
  467
  587
  765
  979
  1,230
  1,520
  1,851
  2,223
  2,636
  3,090
  3,586
  4,121
  4,695
  5,307
  5,956
  6,642
  7,364
  8,121
  8,913
  9,739
  10,601
  11,499
  12,432
  13,403
Retained Cash Flow (-), $m
  -42
  -98
  -143
  -201
  -274
  -362
  -465
  -584
  -717
  -863
  -1,018
  -1,182
  -1,352
  -1,524
  -1,698
  -1,872
  -2,043
  -2,212
  -2,377
  -2,538
  -2,696
  -2,850
  -3,001
  -3,149
  -3,296
  -3,443
  -3,590
  -3,739
  -3,890
  -4,045
  -4,204
Prev. year cash balance distribution, $m
 
  34
  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
 
  16
  -27
  -39
  -54
  -72
  -93
  -117
  -130
  -97
  -39
  47
  168
  326
  524
  764
  1,047
  1,374
  1,743
  2,156
  2,611
  3,107
  3,642
  4,215
  4,824
  5,469
  6,149
  6,862
  7,608
  8,387
  9,199
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
 
  15
  -25
  -34
  -44
  -56
  -67
  -79
  -81
  -56
  -21
  23
  72
  124
  176
  224
  266
  299
  321
  332
  332
  321
  302
  276
  246
  213
  179
  147
  118
  92
  69
Current shareholders' claim on cash, %
  100
  92.2
  86.3
  81.9
  78.8
  76.7
  75.4
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9
  74.9

Hooker Furniture Corporation, together with its subsidiaries, operates as a home furnishings marketing, design, and logistics company worldwide. The company designs, manufactures, imports, and markets residential household furniture products. It operates through three segments: Casegoods, Upholstered, and All Other. The Casegoods segment offers accents, home office, dining, bedroom, and home entertainment furniture under the Hooker Furniture brand, as well as private label products under retailersÂ’ brand name. The Upholstered segment provides residential leather and fabric upholstered furniture, such as leather reclining and motion chairs, sofas, club chairs, and executive desk chairs under the Bradington-Young and Hooker Upholstery brands; and upscale occasional chairs, settees, sofas, and other seating products under the Sam Moore brand. The All Other segment supplies upholstered seating and case goods to upscale senior living facilities under the H Contract and Homeware brands. The company serves traditional and online retailers of residential home furnishings, as well as independent furniture stores, specialty retailers, department stores, catalog and Internet merchants, interior designers, and national and regional chains. It sells its products through a network of retailers and independent sales representatives. Hooker Furniture Corporation was founded in 1924 and is headquartered in Martinsville, Virginia.

FINANCIAL RATIOS  of  Hooker Furniture (HOFT)

Valuation Ratios
P/E Ratio 19
Price to Sales 0.8
Price to Book 2.4
Price to Tangible Book
Price to Cash Flow 15.3
Price to Free Cash Flow 16.4
Growth Rates
Sales Growth Rate 133.6%
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 -12.9%
Financial Strength
Quick Ratio 7
Current Ratio 0
LT Debt to Equity 21.2%
Total Debt to Equity 24.2%
Interest Coverage 40
Management Effectiveness
Return On Assets 10.2%
Ret/ On Assets - 3 Yr. Avg. 9.1%
Return On Total Capital 12.4%
Ret/ On T. Cap. - 3 Yr. Avg. 10.8%
Return On Equity 14.1%
Return On Equity - 3 Yr. Avg. 11.4%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 21.8%
Gross Margin - 3 Yr. Avg. 25.2%
EBITDA Margin 8.3%
EBITDA Margin - 3 Yr. Avg. 9.4%
Operating Margin 6.8%
Oper. Margin - 3 Yr. Avg. 8.1%
Pre-Tax Margin 6.8%
Pre-Tax Margin - 3 Yr. Avg. 8.1%
Net Profit Margin 4.3%
Net Profit Margin - 3 Yr. Avg. 5.4%
Effective Tax Rate 35.9%
Eff/ Tax Rate - 3 Yr. Avg. 33.6%
Payout Ratio 20%

HOFT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HOFT stock intrinsic value calculation we used $577 million for the last fiscal year's total revenue generated by Hooker Furniture. The default revenue input number comes from 2017 income statement of Hooker Furniture. 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 HOFT stock valuation model: a) initial revenue growth rate of 60% 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 HOFT is calculated based on our internal credit rating of Hooker Furniture, 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 Hooker Furniture.
    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 HOFT stock the variable cost ratio is equal to 90.3%.

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 HOFT 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 4.2% for Hooker Furniture.

Corporate tax rate of 27% is the nominal tax rate for Hooker Furniture. 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 HOFT 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 HOFT are equal to 6.6%.

Life of production assets of 10 years is the average useful life of capital assets used in Hooker Furniture 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 HOFT is equal to 19.8%. 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 - $198 million for Hooker Furniture - 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 11.528 million for Hooker Furniture 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 Hooker Furniture at the current share price and the inputted number of shares is $0.5 billion.

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COMPANY NEWS

▶ Jeremy Hoff Named President of Hooker Upholstery   [Aug-10-17 08:00AM  GlobeNewswire]
▶ Hooker Furniture posts 1Q profit   [08:36AM  Associated Press]
▶ Hooker Furniture to Host First Quarter Earnings Call June 6   [May-16-17 03:53PM  GlobeNewswire]
▶ Hooker Furniture posts 4Q profit   [08:18AM  Associated Press]
▶ Hooker Furniture Declares Quarterly Dividend   [Mar-01-17 10:29AM  GlobeNewswire]
▶ Hooker Furniture Corporation Promotes George Revington   [Jan-25-17 04:00PM  GlobeNewswire]
▶ Hedge Funds Are Fans of Hooker Furniture Corporation (HOFT)   [Dec-09-16 07:42PM  Insider Monkey]
▶ Why Sprint, SunPower, and Hooker Furniture Jumped Today   [Dec-07-16 06:43PM  at Motley Fool]
▶ Hooker Furniture Declares Increased Quarterly Dividend   [Nov-29-16 04:10PM  GlobeNewswire]
▶ Hooker Furniture Declares Quarterly Dividend   [Sep-01-16 08:45AM  GlobeNewswire]
▶ Hooker Furniture to Host First Quarter Earnings Call June 7   [May-23-16 03:30PM  GlobeNewswire]
Stock chart of HOFT Financial statements of HOFT
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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