Intrinsic value of H&R Block - HRB

Previous Close

$26.82

  Intrinsic Value

$23.63

stock screener

  Rating & Target

hold

-12%

Previous close

$26.82

 
Intrinsic value

$23.63

 
Up/down potential

-12%

 
Rating

hold

We calculate the intrinsic value of HRB 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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, %
  -0.07
  7.60
  7.34
  7.11
  6.90
  6.71
  6.54
  6.38
  6.24
  6.12
  6.01
  5.91
  5.82
  5.73
  5.66
  5.59
  5.54
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
Revenue, $m
  3,036
  3,267
  3,507
  3,756
  4,015
  4,284
  4,564
  4,855
  5,158
  5,474
  5,803
  6,145
  6,503
  6,876
  7,265
  7,671
  8,096
  8,540
  9,004
  9,489
  9,997
  10,528
  11,085
  11,667
  12,278
  12,917
  13,587
  14,289
  15,025
  15,797
  16,606
Variable operating expenses, $m
 
  2,584
  2,770
  2,963
  3,164
  3,373
  3,590
  3,816
  4,051
  4,296
  4,551
  4,768
  5,045
  5,334
  5,636
  5,952
  6,281
  6,625
  6,985
  7,362
  7,756
  8,168
  8,600
  9,052
  9,525
  10,021
  10,541
  11,086
  11,657
  12,256
  12,884
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
  2,320
  2,584
  2,770
  2,963
  3,164
  3,373
  3,590
  3,816
  4,051
  4,296
  4,551
  4,768
  5,045
  5,334
  5,636
  5,952
  6,281
  6,625
  6,985
  7,362
  7,756
  8,168
  8,600
  9,052
  9,525
  10,021
  10,541
  11,086
  11,657
  12,256
  12,884
Operating income, $m
  716
  683
  737
  793
  851
  911
  974
  1,039
  1,107
  1,178
  1,252
  1,378
  1,458
  1,541
  1,629
  1,720
  1,815
  1,914
  2,018
  2,127
  2,241
  2,360
  2,485
  2,616
  2,752
  2,896
  3,046
  3,203
  3,368
  3,541
  3,723
EBITDA, $m
  898
  848
  911
  975
  1,043
  1,113
  1,185
  1,261
  1,340
  1,422
  1,507
  1,596
  1,689
  1,786
  1,887
  1,992
  2,103
  2,218
  2,338
  2,464
  2,596
  2,734
  2,879
  3,030
  3,189
  3,355
  3,529
  3,711
  3,902
  4,103
  4,313
Interest expense (income), $m
  87
  87
  21
  28
  36
  43
  51
  59
  67
  76
  85
  95
  105
  115
  126
  137
  149
  161
  174
  187
  201
  216
  232
  248
  264
  282
  301
  320
  340
  362
  384
Earnings before tax, $m
  629
  597
  716
  764
  815
  868
  923
  980
  1,040
  1,102
  1,166
  1,283
  1,353
  1,426
  1,503
  1,583
  1,666
  1,753
  1,844
  1,940
  2,040
  2,144
  2,253
  2,368
  2,488
  2,614
  2,745
  2,883
  3,028
  3,180
  3,339
Tax expense, $m
  208
  161
  193
  206
  220
  234
  249
  265
  281
  298
  315
  346
  365
  385
  406
  427
  450
  473
  498
  524
  551
  579
  608
  639
  672
  706
  741
  778
  818
  858
  901
Net income, $m
  409
  436
  522
  558
  595
  634
  674
  716
  759
  804
  852
  936
  988
  1,041
  1,097
  1,155
  1,216
  1,280
  1,346
  1,416
  1,489
  1,565
  1,645
  1,729
  1,816
  1,908
  2,004
  2,105
  2,210
  2,321
  2,437

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,011
  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
  2,694
  1,811
  1,944
  2,082
  2,225
  2,375
  2,530
  2,691
  2,859
  3,034
  3,217
  3,407
  3,605
  3,811
  4,027
  4,252
  4,488
  4,734
  4,991
  5,260
  5,542
  5,836
  6,145
  6,468
  6,806
  7,160
  7,532
  7,921
  8,329
  8,757
  9,205
Adjusted assets (=assets-cash), $m
  1,683
  1,811
  1,944
  2,082
  2,225
  2,375
  2,530
  2,691
  2,859
  3,034
  3,217
  3,407
  3,605
  3,811
  4,027
  4,252
  4,488
  4,734
  4,991
  5,260
  5,542
  5,836
  6,145
  6,468
  6,806
  7,160
  7,532
  7,921
  8,329
  8,757
  9,205
Revenue / Adjusted assets
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
  1.804
Average production assets, $m
  701
  755
  810
  868
  927
  990
  1,054
  1,122
  1,192
  1,264
  1,340
  1,420
  1,502
  1,588
  1,678
  1,772
  1,870
  1,973
  2,080
  2,192
  2,309
  2,432
  2,561
  2,695
  2,836
  2,984
  3,139
  3,301
  3,471
  3,649
  3,836
Working capital, $m
  407
  -650
  -698
  -747
  -799
  -852
  -908
  -966
  -1,026
  -1,089
  -1,155
  -1,223
  -1,294
  -1,368
  -1,446
  -1,527
  -1,611
  -1,699
  -1,792
  -1,888
  -1,989
  -2,095
  -2,206
  -2,322
  -2,443
  -2,570
  -2,704
  -2,844
  -2,990
  -3,144
  -3,305
Total debt, $m
  1,494
  369
  488
  613
  742
  876
  1,016
  1,161
  1,312
  1,470
  1,634
  1,805
  1,983
  2,169
  2,363
  2,566
  2,778
  2,999
  3,231
  3,473
  3,726
  3,992
  4,269
  4,560
  4,864
  5,183
  5,517
  5,868
  6,235
  6,620
  7,024
Total liabilities, $m
  2,755
  1,630
  1,749
  1,874
  2,003
  2,137
  2,277
  2,422
  2,573
  2,731
  2,895
  3,066
  3,244
  3,430
  3,624
  3,827
  4,039
  4,260
  4,492
  4,734
  4,987
  5,253
  5,530
  5,821
  6,125
  6,444
  6,778
  7,129
  7,496
  7,881
  8,285
Total equity, $m
  -61
  181
  194
  208
  223
  237
  253
  269
  286
  303
  322
  341
  360
  381
  403
  425
  449
  473
  499
  526
  554
  584
  614
  647
  681
  716
  753
  792
  833
  876
  921
Total liabilities and equity, $m
  2,694
  1,811
  1,943
  2,082
  2,226
  2,374
  2,530
  2,691
  2,859
  3,034
  3,217
  3,407
  3,604
  3,811
  4,027
  4,252
  4,488
  4,733
  4,991
  5,260
  5,541
  5,837
  6,144
  6,468
  6,806
  7,160
  7,531
  7,921
  8,329
  8,757
  9,206
Debt-to-equity ratio
  -24.492
  2.040
  2.510
  2.940
  3.330
  3.690
  4.020
  4.310
  4.590
  4.840
  5.080
  5.300
  5.500
  5.690
  5.870
  6.030
  6.190
  6.340
  6.470
  6.600
  6.720
  6.840
  6.950
  7.050
  7.150
  7.240
  7.330
  7.410
  7.490
  7.560
  7.630
Adjusted equity ratio
  -0.637
  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
  409
  436
  522
  558
  595
  634
  674
  716
  759
  804
  852
  936
  988
  1,041
  1,097
  1,155
  1,216
  1,280
  1,346
  1,416
  1,489
  1,565
  1,645
  1,729
  1,816
  1,908
  2,004
  2,105
  2,210
  2,321
  2,437
Depreciation, amort., depletion, $m
  182
  165
  174
  183
  192
  201
  211
  222
  232
  244
  255
  218
  231
  244
  258
  273
  288
  303
  320
  337
  355
  374
  394
  415
  436
  459
  483
  508
  534
  561
  590
Funds from operations, $m
  390
  601
  696
  741
  787
  835
  885
  937
  992
  1,048
  1,107
  1,155
  1,219
  1,286
  1,355
  1,428
  1,504
  1,583
  1,666
  1,753
  1,844
  1,939
  2,039
  2,143
  2,252
  2,367
  2,487
  2,613
  2,744
  2,883
  3,027
Change in working capital, $m
  -160
  -46
  -48
  -50
  -52
  -54
  -56
  -58
  -60
  -63
  -65
  -68
  -71
  -74
  -77
  -81
  -85
  -88
  -92
  -97
  -101
  -106
  -111
  -116
  -121
  -127
  -133
  -140
  -146
  -154
  -161
Cash from operations, $m
  550
  647
  744
  790
  839
  889
  941
  995
  1,052
  1,111
  1,172
  1,223
  1,290
  1,360
  1,433
  1,509
  1,588
  1,672
  1,759
  1,850
  1,945
  2,045
  2,150
  2,259
  2,374
  2,494
  2,620
  2,752
  2,891
  3,036
  3,188
Maintenance CAPEX, $m
  0
  -108
  -116
  -125
  -133
  -143
  -152
  -162
  -173
  -183
  -195
  -206
  -218
  -231
  -244
  -258
  -273
  -288
  -303
  -320
  -337
  -355
  -374
  -394
  -415
  -436
  -459
  -483
  -508
  -534
  -561
New CAPEX, $m
  -89
  -54
  -55
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -83
  -86
  -90
  -94
  -98
  -103
  -107
  -112
  -117
  -123
  -129
  -135
  -141
  -148
  -155
  -162
  -170
  -178
  -187
Cash from investing activities, $m
  99
  -162
  -171
  -183
  -193
  -205
  -217
  -229
  -243
  -256
  -271
  -285
  -301
  -317
  -334
  -352
  -371
  -391
  -410
  -432
  -454
  -478
  -503
  -529
  -556
  -584
  -614
  -645
  -678
  -712
  -748
Free cash flow, $m
  649
  485
  572
  608
  645
  684
  724
  766
  809
  855
  902
  938
  989
  1,043
  1,098
  1,157
  1,218
  1,281
  1,348
  1,418
  1,491
  1,567
  1,647
  1,731
  1,818
  1,910
  2,006
  2,107
  2,213
  2,324
  2,440
Issuance/(repayment) of debt, $m
  0
  -1,124
  120
  124
  129
  134
  140
  145
  151
  157
  164
  171
  178
  186
  194
  203
  212
  221
  231
  242
  253
  265
  278
  291
  304
  319
  334
  350
  367
  385
  404
Issuance/(repurchase) of shares, $m
  -320
  817
  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  
  -343
  -307
  120
  124
  129
  134
  140
  145
  151
  157
  164
  171
  178
  186
  194
  203
  212
  221
  231
  242
  253
  265
  278
  291
  304
  319
  334
  350
  367
  385
  404
Total cash flow (excl. dividends), $m
  302
  177
  692
  732
  774
  818
  864
  911
  961
  1,012
  1,066
  1,109
  1,167
  1,229
  1,293
  1,360
  1,430
  1,503
  1,580
  1,660
  1,744
  1,832
  1,925
  2,021
  2,123
  2,229
  2,341
  2,458
  2,580
  2,709
  2,844
Retained Cash Flow (-), $m
  84
  -1,252
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -31
  -32
  -34
  -35
  -37
  -39
  -41
  -43
  -45
Prev. year cash balance distribution, $m
 
  1,010
  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
 
  -65
  679
  719
  760
  803
  848
  895
  944
  995
  1,048
  1,090
  1,148
  1,208
  1,271
  1,337
  1,406
  1,478
  1,554
  1,633
  1,716
  1,803
  1,894
  1,989
  2,089
  2,194
  2,303
  2,419
  2,539
  2,666
  2,799
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
 
  -62
  621
  625
  626
  623
  616
  605
  590
  571
  549
  517
  490
  459
  427
  393
  357
  322
  286
  251
  218
  186
  157
  130
  106
  85
  67
  52
  39
  29
  21
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

H&R Block, Inc. (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees. It offers tax support, planning, and business accounting and advisory services to its clients. The Company offers a range of online tax services, including preparation of federal and state income tax returns, review of tax returns by a tax professional, access to tax tips, advice and tax-related news, use of calculators for tax planning, error checking and electronic filing.

FINANCIAL RATIOS  of  H&R Block (HRB)

Valuation Ratios
P/E Ratio 13.6
Price to Sales 1.8
Price to Book -91.1
Price to Tangible Book
Price to Cash Flow 10.1
Price to Free Cash Flow 12.1
Growth Rates
Sales Growth Rate -0.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -11%
Cap. Spend. - 3 Yr. Gr. Rate -9.5%
Financial Strength
Quick Ratio 1011
Current Ratio 0.1
LT Debt to Equity -2447.5%
Total Debt to Equity -2449.2%
Interest Coverage 8
Management Effectiveness
Return On Assets 16.9%
Ret/ On Assets - 3 Yr. Avg. 13%
Return On Total Capital 27.7%
Ret/ On T. Cap. - 3 Yr. Avg. 22.3%
Return On Equity -2152.6%
Return On Equity - 3 Yr. Avg. -694.8%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 47.6%
Gross Margin - 3 Yr. Avg. 48%
EBITDA Margin 29.6%
EBITDA Margin - 3 Yr. Avg. 28.9%
Operating Margin 23.6%
Oper. Margin - 3 Yr. Avg. 23.4%
Pre-Tax Margin 20.7%
Pre-Tax Margin - 3 Yr. Avg. 21.2%
Net Profit Margin 13.5%
Net Profit Margin - 3 Yr. Avg. 13.7%
Effective Tax Rate 33.1%
Eff/ Tax Rate - 3 Yr. Avg. 33.3%
Payout Ratio 45.7%

HRB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HRB stock intrinsic value calculation we used $3036 million for the last fiscal year's total revenue generated by H&R Block. The default revenue input number comes from 2017 income statement of H&R Block. 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 HRB stock valuation model: a) initial revenue growth rate of 7.6% 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 HRB is calculated based on our internal credit rating of H&R Block, 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 H&R Block.
    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 HRB stock the variable cost ratio is equal to 79.2%.

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 HRB stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.8% for H&R Block.

Corporate tax rate of 27% is the nominal tax rate for H&R Block. 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 HRB 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 HRB are equal to 23.1%.

Life of production assets of 6.5 years is the average useful life of capital assets used in H&R Block 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 HRB is equal to -19.9%. 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 - $-61 million for H&R Block - 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 211.67 million for H&R Block 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 H&R Block at the current share price and the inputted number of shares is $5.7 billion.

RELATED COMPANIES Price Int.Val. Rating
TAX Liberty Tax 8.55 23.25  str.buy
CBZ CBIZ Inc 18.30 20.39  buy
INTU Intuit 171.78 146.15  hold
EFX Equifax 115.40 74.14  sell
PRGX PRGX Global 7.70 4.04  sell
ADP Automatic Data 117.65 127.74  hold
RECN Resources Conn 15.80 24.92  str.buy
BCOR Blucora 24.65 13.77  sell
COTV Cotiviti Holdi 33.69 26.47  hold

COMPANY NEWS

▶ Here's a rare itemized look inside H&R Block's headquarters   [Feb-19-18 05:10PM  American City Business Journals]
▶ Top Rated NYSE Dividend Stocks   [Feb-13-18 08:02AM  Simply Wall St.]
▶ Tax season: Follow these steps so you dont get scammed   [Feb-07-18 10:25AM  Yahoo Finance Video]
▶ Millions can file for free at H&R Block offices   [Feb-01-18 09:00AM  GlobeNewswire]
▶ Bitcoin IRS Tax Amnesty...Sort Of   [Jan-26-18 08:55AM  Forbes]
▶ H&R Block Offers Free ITIN Renewals   [Jan-25-18 01:00PM  GlobeNewswire]
▶ Key Updates in the Consumer Sector: January 1519   [Jan-24-18 08:09AM  Market Realist]
▶ Estimating The Fair Value Of H&R Block Inc (NYSE:HRB)   [Jan-16-18 07:39PM  Simply Wall St.]
▶ Yahoo Finance Live: The Final Round - Jan 16th, 2018   [01:50PM  Yahoo Finance Video]
▶ As tax season begins, H&R Block parts ways with chief marketing officer   [Jan-05-18 03:09PM  American City Business Journals]
▶ H&R Block Appears To Be In A Downtrend   [Jan-03-18 12:51PM  Benzinga]
▶ ETFs with exposure to H&R Block, Inc. : December 25, 2017   [Dec-25-17 11:59AM  Capital Cube]
▶ KC law firm hires H&R Block in-house counsel   [02:55PM  American City Business Journals]
▶ Tax Reform Won't Hurt Intuit or H&R Block, but This Will   [Dec-19-17 06:15PM  Motley Fool]
▶ ETFs with exposure to H&R Block, Inc. : December 12, 2017   [Dec-12-17 01:19PM  Capital Cube]
▶ H&R Block: S&P 500s Top Loser on December 7   [07:31AM  Market Realist]
▶ The Biggest Loser: H&R Block Tumbles 5.5%   [Dec-07-17 04:29PM  Barrons.com]
▶ Stocks close off session highs   [04:00PM  CNBC Videos]
▶ Company News For Dec 7, 2017   [10:04AM  Zacks]
▶ H&R Block brings on Amazon, Wal-Mart as retail partners for tax season   [Dec-06-17 06:10PM  American City Business Journals]
▶ A Brief History of BofI Holding   [04:10PM  Motley Fool]
▶ H&R Block reports 2Q loss   [08:41AM  Associated Press]
▶ H&R Block, Inc. to Host Earnings Call   [06:50AM  ACCESSWIRE]
▶ H & R Block Inc Is a Dividend Darling With Room To Grow   [Dec-05-17 12:10PM  InvestorPlace]
▶ What to Expect from Consumer Sector Earnings this Week   [Dec-04-17 04:24PM  Market Realist]
▶ JOBS WEEK What you need to know for the week ahead   [Dec-03-17 01:15PM  Yahoo Finance]
▶ 3 Earnings Reports to Watch Next Week   [11:53AM  InvestorPlace]
▶ Top Rated Dividend Stocks   [08:02AM  Simply Wall St.]
Financial statements of HRB
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

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.