Intrinsic value of Kemet - KEM

Previous Close

$27.14

  Intrinsic Value

$124.00

stock screener

  Rating & Target

str. buy

+357%

  Value-price divergence*

+5000%

Previous close

$27.14

 
Intrinsic value

$124.00

 
Up/down potential

+357%

 
Rating

str. buy

 
Value-price divergence*

+5000%

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

We calculate the intrinsic value of KEM 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 1.3

 

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, %
  3.13
  48.10
  43.79
  39.91
  36.42
  33.28
  30.45
  27.91
  25.61
  23.55
  21.70
  20.03
  18.53
  17.17
  15.96
  14.86
  13.87
  12.99
  12.19
  11.47
  10.82
  10.24
  9.72
  9.24
  8.82
  8.44
  8.09
  7.78
  7.51
  7.26
  7.03
Revenue, $m
  758
  1,123
  1,614
  2,258
  3,081
  4,106
  5,357
  6,851
  8,606
  10,633
  12,940
  15,532
  18,410
  21,571
  25,013
  28,730
  32,716
  36,964
  41,469
  46,225
  51,228
  56,474
  61,961
  67,689
  73,659
  79,874
  86,339
  93,060
  100,046
  107,304
  114,848
Variable operating expenses, $m
 
  974
  1,398
  1,955
  2,665
  3,551
  4,631
  5,922
  7,437
  9,188
  11,181
  13,416
  15,901
  18,631
  21,604
  24,814
  28,257
  31,927
  35,818
  39,926
  44,247
  48,778
  53,517
  58,464
  63,621
  68,989
  74,573
  80,378
  86,412
  92,681
  99,197
Fixed operating expenses, $m
 
  68
  69
  71
  73
  75
  77
  78
  80
  82
  84
  87
  89
  91
  93
  96
  98
  100
  103
  106
  108
  111
  114
  116
  119
  122
  125
  129
  132
  135
  138
Total operating expenses, $m
  723
  1,042
  1,467
  2,026
  2,738
  3,626
  4,708
  6,000
  7,517
  9,270
  11,265
  13,503
  15,990
  18,722
  21,697
  24,910
  28,355
  32,027
  35,921
  40,032
  44,355
  48,889
  53,631
  58,580
  63,740
  69,111
  74,698
  80,507
  86,544
  92,816
  99,335
Operating income, $m
  35
  81
  147
  233
  343
  481
  649
  851
  1,088
  1,363
  1,675
  2,030
  2,420
  2,849
  3,315
  3,820
  4,360
  4,937
  5,548
  6,194
  6,873
  7,585
  8,330
  9,108
  9,919
  10,763
  11,641
  12,553
  13,502
  14,488
  15,513
EBITDA, $m
  72
  126
  209
  318
  458
  633
  846
  1,102
  1,402
  1,749
  2,145
  2,589
  3,083
  3,625
  4,216
  4,854
  5,538
  6,268
  7,041
  7,858
  8,717
  9,618
  10,561
  11,545
  12,570
  13,638
  14,749
  15,904
  17,104
  18,351
  19,647
Interest expense (income), $m
  39
  39
  65
  101
  150
  211
  288
  381
  493
  624
  776
  949
  1,143
  1,358
  1,594
  1,852
  2,130
  2,428
  2,746
  3,083
  3,439
  3,813
  4,206
  4,616
  5,045
  5,491
  5,956
  6,440
  6,943
  7,465
  8,009
Earnings before tax, $m
  11
  42
  82
  131
  193
  270
  362
  470
  595
  738
  899
  1,081
  1,277
  1,491
  1,721
  1,968
  2,230
  2,509
  2,802
  3,111
  3,434
  3,772
  4,125
  4,492
  4,874
  5,271
  5,684
  6,113
  6,559
  7,023
  7,504
Tax expense, $m
  5
  11
  22
  35
  52
  73
  98
  127
  161
  199
  243
  292
  345
  402
  465
  531
  602
  677
  757
  840
  927
  1,018
  1,114
  1,213
  1,316
  1,423
  1,535
  1,651
  1,771
  1,896
  2,026
Net income, $m
  48
  31
  60
  96
  141
  197
  264
  343
  435
  539
  656
  789
  932
  1,088
  1,256
  1,436
  1,628
  1,831
  2,046
  2,271
  2,507
  2,754
  3,011
  3,279
  3,558
  3,848
  4,149
  4,463
  4,788
  5,126
  5,478

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  110
  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
  734
  924
  1,329
  1,859
  2,536
  3,380
  4,409
  5,639
  7,083
  8,752
  10,651
  12,784
  15,152
  17,754
  20,587
  23,646
  26,926
  30,423
  34,131
  38,046
  42,163
  46,480
  50,996
  55,711
  60,624
  65,740
  71,061
  76,593
  82,342
  88,316
  94,525
Adjusted assets (=assets-cash), $m
  624
  924
  1,329
  1,859
  2,536
  3,380
  4,409
  5,639
  7,083
  8,752
  10,651
  12,784
  15,152
  17,754
  20,587
  23,646
  26,926
  30,423
  34,131
  38,046
  42,163
  46,480
  50,996
  55,711
  60,624
  65,740
  71,061
  76,593
  82,342
  88,316
  94,525
Revenue / Adjusted assets
  1.215
  1.215
  1.214
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
  1.215
Average production assets, $m
  137
  202
  291
  407
  555
  739
  964
  1,233
  1,549
  1,914
  2,329
  2,796
  3,314
  3,883
  4,502
  5,171
  5,889
  6,654
  7,464
  8,321
  9,221
  10,165
  11,153
  12,184
  13,259
  14,377
  15,541
  16,751
  18,008
  19,315
  20,673
Working capital, $m
  249
  209
  300
  420
  573
  764
  996
  1,274
  1,601
  1,978
  2,407
  2,889
  3,424
  4,012
  4,652
  5,344
  6,085
  6,875
  7,713
  8,598
  9,528
  10,504
  11,525
  12,590
  13,700
  14,857
  16,059
  17,309
  18,608
  19,959
  21,362
Total debt, $m
  388
  640
  1,004
  1,481
  2,090
  2,850
  3,776
  4,883
  6,183
  7,684
  9,394
  11,313
  13,445
  15,787
  18,336
  21,089
  24,042
  27,189
  30,526
  34,049
  37,755
  41,640
  45,705
  49,948
  54,370
  58,974
  63,763
  68,741
  73,916
  79,293
  84,881
Total liabilities, $m
  580
  832
  1,196
  1,673
  2,282
  3,042
  3,968
  5,075
  6,375
  7,876
  9,586
  11,505
  13,637
  15,979
  18,528
  21,281
  24,234
  27,381
  30,718
  34,241
  37,947
  41,832
  45,897
  50,140
  54,562
  59,166
  63,955
  68,933
  74,108
  79,485
  85,073
Total equity, $m
  154
  92
  133
  186
  254
  338
  441
  564
  708
  875
  1,065
  1,278
  1,515
  1,775
  2,059
  2,365
  2,693
  3,042
  3,413
  3,805
  4,216
  4,648
  5,100
  5,571
  6,062
  6,574
  7,106
  7,659
  8,234
  8,832
  9,453
Total liabilities and equity, $m
  734
  924
  1,329
  1,859
  2,536
  3,380
  4,409
  5,639
  7,083
  8,751
  10,651
  12,783
  15,152
  17,754
  20,587
  23,646
  26,927
  30,423
  34,131
  38,046
  42,163
  46,480
  50,997
  55,711
  60,624
  65,740
  71,061
  76,592
  82,342
  88,317
  94,526
Debt-to-equity ratio
  2.519
  6.920
  7.550
  7.970
  8.240
  8.430
  8.560
  8.660
  8.730
  8.780
  8.820
  8.850
  8.870
  8.890
  8.910
  8.920
  8.930
  8.940
  8.940
  8.950
  8.950
  8.960
  8.960
  8.970
  8.970
  8.970
  8.970
  8.970
  8.980
  8.980
  8.980
Adjusted equity ratio
  0.071
  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
  48
  31
  60
  96
  141
  197
  264
  343
  435
  539
  656
  789
  932
  1,088
  1,256
  1,436
  1,628
  1,831
  2,046
  2,271
  2,507
  2,754
  3,011
  3,279
  3,558
  3,848
  4,149
  4,463
  4,788
  5,126
  5,478
Depreciation, amort., depletion, $m
  37
  44
  62
  85
  115
  152
  197
  251
  314
  387
  470
  559
  663
  777
  900
  1,034
  1,178
  1,331
  1,493
  1,664
  1,844
  2,033
  2,231
  2,437
  2,652
  2,875
  3,108
  3,350
  3,602
  3,863
  4,135
Funds from operations, $m
  92
  75
  122
  181
  256
  349
  461
  594
  748
  926
  1,126
  1,349
  1,595
  1,865
  2,157
  2,471
  2,806
  3,162
  3,539
  3,935
  4,351
  4,787
  5,241
  5,716
  6,210
  6,723
  7,258
  7,813
  8,390
  8,989
  9,613
Change in working capital, $m
  20
  68
  91
  120
  153
  191
  233
  278
  326
  377
  429
  482
  535
  588
  640
  691
  741
  790
  838
  885
  930
  976
  1,021
  1,065
  1,110
  1,156
  1,203
  1,250
  1,299
  1,350
  1,403
Cash from operations, $m
  72
  8
  31
  61
  103
  158
  228
  316
  422
  549
  697
  866
  1,060
  1,277
  1,517
  1,779
  2,065
  2,372
  2,701
  3,050
  3,421
  3,811
  4,221
  4,650
  5,099
  5,567
  6,055
  6,563
  7,091
  7,639
  8,209
Maintenance CAPEX, $m
  0
  -27
  -40
  -58
  -81
  -111
  -148
  -193
  -247
  -310
  -383
  -466
  -559
  -663
  -777
  -900
  -1,034
  -1,178
  -1,331
  -1,493
  -1,664
  -1,844
  -2,033
  -2,231
  -2,437
  -2,652
  -2,875
  -3,108
  -3,350
  -3,602
  -3,863
New CAPEX, $m
  -26
  -66
  -88
  -116
  -148
  -185
  -225
  -269
  -316
  -365
  -415
  -467
  -518
  -569
  -620
  -669
  -717
  -765
  -811
  -856
  -900
  -944
  -988
  -1,031
  -1,075
  -1,119
  -1,164
  -1,210
  -1,257
  -1,307
  -1,358
Cash from investing activities, $m
  -26
  -93
  -128
  -174
  -229
  -296
  -373
  -462
  -563
  -675
  -798
  -933
  -1,077
  -1,232
  -1,397
  -1,569
  -1,751
  -1,943
  -2,142
  -2,349
  -2,564
  -2,788
  -3,021
  -3,262
  -3,512
  -3,771
  -4,039
  -4,318
  -4,607
  -4,909
  -5,221
Free cash flow, $m
  46
  -85
  -98
  -113
  -126
  -137
  -145
  -146
  -141
  -126
  -101
  -66
  -17
  45
  121
  210
  313
  429
  559
  701
  856
  1,022
  1,200
  1,389
  1,588
  1,797
  2,016
  2,245
  2,483
  2,731
  2,989
Issuance/(repayment) of debt, $m
  0
  254
  364
  477
  609
  759
  926
  1,107
  1,300
  1,502
  1,709
  1,920
  2,131
  2,342
  2,549
  2,753
  2,953
  3,147
  3,337
  3,523
  3,706
  3,886
  4,064
  4,243
  4,422
  4,604
  4,789
  4,979
  5,174
  5,377
  5,588
Issuance/(repurchase) of shares, $m
  0
  15
  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  
  0
  269
  364
  477
  609
  759
  926
  1,107
  1,300
  1,502
  1,709
  1,920
  2,131
  2,342
  2,549
  2,753
  2,953
  3,147
  3,337
  3,523
  3,706
  3,886
  4,064
  4,243
  4,422
  4,604
  4,789
  4,979
  5,174
  5,377
  5,588
Total cash flow (excl. dividends), $m
  45
  184
  266
  364
  483
  622
  782
  961
  1,159
  1,375
  1,608
  1,854
  2,114
  2,387
  2,670
  2,963
  3,265
  3,576
  3,896
  4,224
  4,562
  4,908
  5,265
  5,632
  6,010
  6,401
  6,805
  7,223
  7,657
  8,108
  8,576
Retained Cash Flow (-), $m
  -42
  -46
  -40
  -53
  -68
  -84
  -103
  -123
  -144
  -167
  -190
  -213
  -237
  -260
  -283
  -306
  -328
  -350
  -371
  -391
  -412
  -432
  -452
  -471
  -491
  -512
  -532
  -553
  -575
  -597
  -621
Prev. year cash balance distribution, $m
 
  108
  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
 
  245
  225
  311
  415
  538
  679
  838
  1,015
  1,209
  1,418
  1,641
  1,878
  2,127
  2,387
  2,657
  2,937
  3,227
  3,525
  3,833
  4,150
  4,476
  4,813
  5,160
  5,519
  5,889
  6,273
  6,670
  7,082
  7,511
  7,956
Discount rate, %
 
  8.20
  8.61
  9.04
  9.49
  9.97
  10.47
  10.99
  11.54
  12.12
  12.72
  13.36
  14.02
  14.73
  15.46
  16.24
  17.05
  17.90
  18.79
  19.73
  20.72
  21.76
  22.84
  23.99
  25.19
  26.45
  27.77
  29.16
  30.61
  32.15
  33.75
PV of cash for distribution, $m
 
  227
  191
  240
  289
  334
  373
  404
  424
  432
  428
  413
  389
  357
  319
  278
  237
  196
  159
  125
  96
  72
  52
  37
  25
  17
  11
  7
  4
  2
  1
Current shareholders' claim on cash, %
  100
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1
  96.1

KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors. The Film and Electrolytic Business Group produces film, paper and wet aluminum electrolytic capacitors. It also designs and produces EMI Filters. The Company's product offerings include surface mount, which are attached directly to the circuit board; leaded capacitors, which are attached to the circuit board using lead wires, and chassis-mount and other pin-through-hole board-mount capacitors, which utilize attachment methods, such as screw terminal and snap-in. The Company sells its products to a range of original equipment manufacturers (OEMs) and electronics manufacturing services (EMS) providers.

FINANCIAL RATIOS  of  Kemet (KEM)

Valuation Ratios
P/E Ratio 26.4
Price to Sales 1.7
Price to Book 8.2
Price to Tangible Book
Price to Cash Flow 17.6
Price to Free Cash Flow 27.5
Growth Rates
Sales Growth Rate 3.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 30%
Cap. Spend. - 3 Yr. Gr. Rate -4.1%
Financial Strength
Quick Ratio 55
Current Ratio 0
LT Debt to Equity 250.6%
Total Debt to Equity 251.9%
Interest Coverage 1
Management Effectiveness
Return On Assets 9.7%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 9.2%
Ret/ On T. Cap. - 3 Yr. Avg. -1.1%
Return On Equity 36.1%
Return On Equity - 3 Yr. Avg. -3.4%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 24.5%
Gross Margin - 3 Yr. Avg. 22.1%
EBITDA Margin 11.5%
EBITDA Margin - 3 Yr. Avg. 8.7%
Operating Margin 4.6%
Oper. Margin - 3 Yr. Avg. 3.9%
Pre-Tax Margin 1.5%
Pre-Tax Margin - 3 Yr. Avg. -1.4%
Net Profit Margin 6.3%
Net Profit Margin - 3 Yr. Avg. -0.9%
Effective Tax Rate 45.5%
Eff/ Tax Rate - 3 Yr. Avg. -5.2%
Payout Ratio 0%

KEM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KEM stock intrinsic value calculation we used $758 million for the last fiscal year's total revenue generated by Kemet. The default revenue input number comes from 2017 income statement of Kemet. 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 KEM stock valuation model: a) initial revenue growth rate of 48.1% 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 8.2%, whose default value for KEM is calculated based on our internal credit rating of Kemet, 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 Kemet.
    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 KEM stock the variable cost ratio is equal to 86.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $66 million in the base year in the intrinsic value calculation for KEM 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 10.1% for Kemet.

Corporate tax rate of 27% is the nominal tax rate for Kemet. 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 KEM 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 KEM are equal to 18%.

Life of production assets of 4.8 years is the average useful life of capital assets used in Kemet 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 KEM is equal to 18.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $154 million for Kemet - 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 47.603 million for Kemet 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 Kemet at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating
AVX AVX 19.63 15.86  hold
KYO Kyocera ADR 65.64 22.33  str.sell
VSH Vishay Interte 21.45 83.28  str.buy
LFUS Littelfuse 208.26 130.14  sell
MXWL Maxwell Techno 4.91 0.54  str.sell

COMPANY NEWS

▶ IBD 50 Stock Kemet Continues Streak Of Multiyear Highs   [Oct-12-17 04:32PM  Investor's Business Daily]
▶ Bull Of The Day: Kemet (KEM)   [06:14AM  Zacks]
▶ New Strong Buy Stocks for October 6th   [Oct-06-17 11:03AM  Zacks]
▶ Does This Stock Spotlight And IBD 50 Member Still Have Upside?   [Oct-03-17 02:20PM  Investor's Business Daily]
▶ KEMET to Present at MicroCap Conference New York 2017   [Sep-27-17 04:30PM  GlobeNewswire]
▶ Why KEMET Shares Jumped Today   [11:12AM  Motley Fool]
▶ ETFs with exposure to KEMET Corp. : September 18, 2017   [Sep-18-17 06:07PM  Capital Cube]
▶ What Is KEMET Corporations (KEM) Share Price Doing?   [Sep-08-17 06:02PM  Simply Wall St.]
▶ ETFs with exposure to KEMET Corp. : September 6, 2017   [Sep-05-17 09:10PM  Capital Cube]
▶ These Stocks Have Tripled This Year   [Aug-19-17 10:30AM  Motley Fool]
▶ Top 10 Stocks Under $20   [Aug-11-17 02:15PM  Zacks]
▶ Kemet beats 1Q profit forecasts   [Aug-02-17 09:49PM  Associated Press]
▶ 4 Momentum Plays To Watch   [Jul-19-17 12:54PM  Forbes]
▶ ETFs with exposure to KEMET Corp. : July 17, 2017   [Jul-17-17 01:46PM  Capital Cube]
▶ ETFs with exposure to KEMET Corp. : July 6, 2017   [Jul-06-17 01:57PM  Capital Cube]
▶ ETFs with exposure to KEMET Corp. : June 19, 2017   [Jun-19-17 03:35PM  Capital Cube]
▶ ETFs with exposure to KEMET Corp. : June 9, 2017   [Jun-09-17 01:41PM  Capital Cube]
▶ Kemet beats Street 4Q forecasts   [May-10-17 09:06AM  Associated Press]
▶ KEMET Completes Acquisition of NEC TOKIN   [Apr-19-17 08:30AM  GlobeNewswire]
▶ NEC TOKIN Completes Sale of EMD Business   [Apr-14-17 08:45AM  GlobeNewswire]
Financial statements of KEM
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

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

Copyright © X-FIN.com 2005-2017. All rigths reserved.