Intrinsic value of Kraton - KRA

Previous Close

$31.47

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$31.47

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of KRA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.0

 

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, %
  68.50
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,744
  1,056
  1,080
  1,108
  1,139
  1,173
  1,211
  1,253
  1,297
  1,345
  1,397
  1,452
  1,511
  1,574
  1,641
  1,711
  1,786
  1,866
  1,950
  2,038
  2,132
  2,231
  2,335
  2,445
  2,561
  2,683
  2,811
  2,946
  3,088
  3,238
  3,395
Variable operating expenses, $m
 
  997
  1,020
  1,046
  1,075
  1,108
  1,143
  1,182
  1,225
  1,270
  1,319
  1,371
  1,427
  1,486
  1,549
  1,616
  1,686
  1,761
  1,840
  1,924
  2,013
  2,106
  2,204
  2,308
  2,417
  2,532
  2,654
  2,781
  2,915
  3,056
  3,205
Fixed operating expenses, $m
 
  41
  42
  43
  44
  45
  46
  48
  49
  50
  51
  52
  54
  55
  57
  58
  59
  61
  62
  64
  66
  67
  69
  71
  72
  74
  76
  78
  80
  82
  84
Total operating expenses, $m
  1,621
  1,038
  1,062
  1,089
  1,119
  1,153
  1,189
  1,230
  1,274
  1,320
  1,370
  1,423
  1,481
  1,541
  1,606
  1,674
  1,745
  1,822
  1,902
  1,988
  2,079
  2,173
  2,273
  2,379
  2,489
  2,606
  2,730
  2,859
  2,995
  3,138
  3,289
Operating income, $m
  123
  18
  18
  19
  20
  20
  21
  23
  24
  25
  27
  29
  31
  33
  35
  38
  41
  44
  47
  50
  54
  58
  62
  66
  71
  76
  81
  87
  93
  99
  106
EBITDA, $m
  249
  81
  83
  85
  88
  90
  94
  97
  101
  106
  110
  115
  121
  127
  133
  140
  147
  155
  163
  172
  181
  191
  201
  212
  224
  236
  249
  263
  277
  293
  309
Interest expense (income), $m
  116
  23
  24
  25
  26
  27
  28
  30
  31
  33
  35
  37
  39
  41
  44
  46
  49
  52
  55
  58
  61
  65
  69
  73
  77
  81
  86
  91
  96
  101
  107
Earnings before tax, $m
  13
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -7
  -7
  -7
  -6
  -6
  -5
  -5
  -4
  -3
  -2
  -1
Tax expense, $m
  -92
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  107
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -7
  -7
  -7
  -6
  -6
  -5
  -5
  -4
  -3
  -2
  -1

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  122
  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
  2,907
  1,029
  1,053
  1,080
  1,110
  1,144
  1,181
  1,221
  1,264
  1,311
  1,362
  1,415
  1,473
  1,534
  1,599
  1,668
  1,741
  1,818
  1,900
  1,987
  2,078
  2,174
  2,276
  2,383
  2,496
  2,615
  2,740
  2,871
  3,010
  3,156
  3,309
Adjusted assets (=assets-cash), $m
  2,785
  1,029
  1,053
  1,080
  1,110
  1,144
  1,181
  1,221
  1,264
  1,311
  1,362
  1,415
  1,473
  1,534
  1,599
  1,668
  1,741
  1,818
  1,900
  1,987
  2,078
  2,174
  2,276
  2,383
  2,496
  2,615
  2,740
  2,871
  3,010
  3,156
  3,309
Revenue / Adjusted assets
  0.626
  1.026
  1.026
  1.026
  1.026
  1.025
  1.025
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
  1.026
Average production assets, $m
  953
  542
  554
  568
  584
  602
  621
  643
  665
  690
  717
  745
  775
  807
  842
  878
  916
  957
  1,000
  1,046
  1,094
  1,144
  1,198
  1,254
  1,314
  1,376
  1,442
  1,511
  1,584
  1,661
  1,742
Working capital, $m
  410
  251
  257
  264
  271
  279
  288
  298
  309
  320
  332
  346
  360
  375
  390
  407
  425
  444
  464
  485
  507
  531
  556
  582
  609
  638
  669
  701
  735
  771
  808
Total debt, $m
  1,740
  431
  448
  467
  489
  513
  539
  568
  599
  632
  668
  707
  748
  791
  838
  887
  939
  994
  1,053
  1,115
  1,180
  1,248
  1,321
  1,397
  1,478
  1,563
  1,652
  1,746
  1,845
  1,949
  2,059
Total liabilities, $m
  2,449
  735
  752
  771
  793
  817
  843
  872
  903
  936
  972
  1,011
  1,052
  1,095
  1,142
  1,191
  1,243
  1,298
  1,357
  1,419
  1,484
  1,552
  1,625
  1,701
  1,782
  1,867
  1,956
  2,050
  2,149
  2,253
  2,363
Total equity, $m
  458
  294
  301
  309
  317
  327
  338
  349
  362
  375
  389
  405
  421
  439
  457
  477
  498
  520
  543
  568
  594
  622
  651
  682
  714
  748
  784
  821
  861
  903
  946
Total liabilities and equity, $m
  2,907
  1,029
  1,053
  1,080
  1,110
  1,144
  1,181
  1,221
  1,265
  1,311
  1,361
  1,416
  1,473
  1,534
  1,599
  1,668
  1,741
  1,818
  1,900
  1,987
  2,078
  2,174
  2,276
  2,383
  2,496
  2,615
  2,740
  2,871
  3,010
  3,156
  3,309
Debt-to-equity ratio
  3.799
  1.460
  1.490
  1.510
  1.540
  1.570
  1.600
  1.630
  1.660
  1.690
  1.720
  1.750
  1.770
  1.800
  1.830
  1.860
  1.890
  1.910
  1.940
  1.960
  1.980
  2.010
  2.030
  2.050
  2.070
  2.090
  2.110
  2.130
  2.140
  2.160
  2.180
Adjusted equity ratio
  0.121
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286
  0.286

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  107
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -7
  -7
  -7
  -6
  -6
  -5
  -5
  -4
  -3
  -2
  -1
Depreciation, amort., depletion, $m
  126
  63
  64
  66
  68
  70
  72
  75
  77
  80
  83
  87
  90
  94
  98
  102
  107
  111
  116
  122
  127
  133
  139
  146
  153
  160
  168
  176
  184
  193
  203
Funds from operations, $m
  134
  58
  59
  60
  62
  64
  66
  68
  70
  73
  76
  79
  82
  86
  90
  94
  98
  103
  108
  114
  120
  126
  133
  140
  147
  155
  163
  172
  181
  191
  202
Change in working capital, $m
  -4
  5
  6
  7
  7
  8
  9
  10
  11
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  24
  25
  26
  28
  29
  31
  32
  34
  36
  37
Cash from operations, $m
  138
  82
  53
  54
  54
  55
  56
  58
  59
  61
  63
  66
  68
  71
  74
  77
  81
  84
  88
  93
  97
  102
  108
  113
  119
  126
  133
  140
  147
  156
  164
Maintenance CAPEX, $m
  0
  -62
  -63
  -64
  -66
  -68
  -70
  -72
  -75
  -77
  -80
  -83
  -87
  -90
  -94
  -98
  -102
  -107
  -111
  -116
  -122
  -127
  -133
  -139
  -146
  -153
  -160
  -168
  -176
  -184
  -193
New CAPEX, $m
  -125
  -11
  -12
  -14
  -16
  -18
  -19
  -21
  -23
  -25
  -26
  -28
  -30
  -32
  -34
  -36
  -38
  -41
  -43
  -46
  -48
  -51
  -53
  -56
  -59
  -63
  -66
  -69
  -73
  -77
  -81
Cash from investing activities, $m
  -1,365
  -73
  -75
  -78
  -82
  -86
  -89
  -93
  -98
  -102
  -106
  -111
  -117
  -122
  -128
  -134
  -140
  -148
  -154
  -162
  -170
  -178
  -186
  -195
  -205
  -216
  -226
  -237
  -249
  -261
  -274
Free cash flow, $m
  -1,227
  10
  -22
  -25
  -28
  -30
  -33
  -36
  -38
  -41
  -43
  -46
  -49
  -52
  -54
  -57
  -60
  -63
  -66
  -69
  -72
  -75
  -79
  -82
  -86
  -90
  -93
  -97
  -101
  -105
  -110
Issuance/(repayment) of debt, $m
  1,339
  15
  17
  19
  22
  24
  26
  29
  31
  33
  36
  38
  41
  44
  46
  49
  52
  55
  58
  62
  65
  69
  73
  76
  81
  85
  89
  94
  99
  104
  109
Issuance/(repurchase) of shares, $m
  3
  0
  12
  13
  15
  16
  17
  18
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  31
  32
  33
  34
  35
  36
  38
  39
  40
  41
  42
  43
  44
Cash from financing (excl. dividends), $m  
  1,280
  15
  29
  32
  37
  40
  43
  47
  51
  54
  58
  61
  65
  69
  72
  77
  81
  85
  89
  94
  98
  103
  108
  112
  119
  124
  129
  135
  141
  147
  153
Total cash flow (excl. dividends), $m
  52
  25
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -7
  -7
  -7
  -6
  -6
  -5
  -5
  -4
  -3
  -2
  -1
  0
Retained Cash Flow (-), $m
  -99
  -5
  -7
  -8
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -42
  -44
Prev. year cash balance distribution, $m
 
  70
  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
 
  89
  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
Discount rate, %
 
  7.80
  8.19
  8.60
  9.03
  9.48
  9.95
  10.45
  10.98
  11.52
  12.10
  12.71
  13.34
  14.01
  14.71
  15.44
  16.22
  17.03
  17.88
  18.77
  19.71
  20.70
  21.73
  22.82
  23.96
  25.16
  26.41
  27.73
  29.12
  30.58
  32.11
PV of cash for distribution, $m
 
  83
  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
Current shareholders' claim on cash, %
  100
  100.0
  98.5
  96.9
  95.2
  93.5
  91.7
  89.9
  88.1
  86.2
  84.4
  82.6
  80.8
  79.0
  77.3
  75.6
  73.9
  72.3
  70.7
  69.2
  67.7
  66.3
  64.9
  63.6
  62.3
  61.1
  59.9
  58.8
  57.7
  56.6
  55.6

Kraton Corporation produces and sells styrenic block copolymers (SBCs) and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers performance products comprising unhydrogenated SBCs, which are primarily used in paving, roofing, adhesives, sealants, coatings, and footwear applications; and specialty polymers consisting of hydrogenated SBCs that are used in lubricant additives, polymer modification, personal care, cable gels, and adhesives and coatings, as well as in medical, industrial, consumer, and other applications. The company’s products are also used in wire and cable; fabric; oilfield; and soft touch overmolding, protective cling films, and other polymer modification applications. It also provides isoprene rubber products that have applications in medical products, paints, coatings, and specialized footwear; and isoprene rubber latex products primarily for use in synthetic surgical gloves and condoms, as well as in medical, healthcare, personal care, and food contact operations. In addition, the company offers pine-based specialty products for use in adhesive, road and construction, and tire markets; and a range of chemical intermediates, such as tall oil fatty acids, dimer acids, tall oil rosins, distilled tall oils, terpene fractions, alpha-pinenes, and beta-pinenes for various markets, including fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and fragrances, and mining. Kraton Corporation markets its products through various channels, including direct sales force, marketing representatives, and distributors under the Kraton, NEXAR, and Cariflex brands. The company was formerly known as Kraton Performance Polymers, Inc. and changed its name to Kraton Corporation in September 2016. Kraton Corporation is headquartered in Houston, Texas.

FINANCIAL RATIOS  of  Kraton (KRA)

Valuation Ratios
P/E Ratio 9.1
Price to Sales 0.6
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 7.1
Price to Free Cash Flow 74.9
Growth Rates
Sales Growth Rate 68.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -3.1%
Cap. Spend. - 3 Yr. Gr. Rate 7.8%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 370.7%
Total Debt to Equity 379.9%
Interest Coverage 1
Management Effectiveness
Return On Assets 52.4%
Ret/ On Assets - 3 Yr. Avg. 18.7%
Return On Total Capital 7.2%
Ret/ On T. Cap. - 3 Yr. Avg. 2%
Return On Equity 26.2%
Return On Equity - 3 Yr. Avg. 7.9%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 27.5%
Gross Margin - 3 Yr. Avg. 23.1%
EBITDA Margin 14.6%
EBITDA Margin - 3 Yr. Avg. 9.9%
Operating Margin 7.1%
Oper. Margin - 3 Yr. Avg. 3.8%
Pre-Tax Margin 0.7%
Pre-Tax Margin - 3 Yr. Avg. 0.2%
Net Profit Margin 6.1%
Net Profit Margin - 3 Yr. Avg. 1.7%
Effective Tax Rate -707.7%
Eff/ Tax Rate - 3 Yr. Avg. -247%
Payout Ratio 0%

KRA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KRA stock intrinsic value calculation we used $1035 million for the last fiscal year's total revenue generated by Kraton. The default revenue input number comes from 2016 income statement of Kraton. 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 KRA stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.8%, whose default value for KRA is calculated based on our internal credit rating of Kraton, 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 Kraton.
    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 KRA stock the variable cost ratio is equal to 94.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $40 million in the base year in the intrinsic value calculation for KRA 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 5.5% for Kraton.

Corporate tax rate of 27% is the nominal tax rate for Kraton. 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 KRA 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 KRA are equal to 51.3%.

Life of production assets of 8.6 years is the average useful life of capital assets used in Kraton 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 KRA is equal to 23.8%. 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 - $359 million for Kraton - 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 30.624 million for Kraton 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 Kraton at the current share price and the inputted number of shares is $1.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
XOM Exxon Mobil 81.08 prem.  prem.
EMN Eastman Chemic 82.85 prem.  prem.
HUN Huntsman 24.93 prem.  prem.
TSE Trinseo 66.40 prem.  prem.
NGVT Ingevity 54.88 prem.  prem.
LYB LyondellBasell 80.01 prem.  prem.
POL PolyOne 37.48 prem.  prem.

COMPANY NEWS

▶ Huntsman and Clariant announce merger to create $20B chemical co.   [May-22-17 08:02AM  American City Business Journals]
▶ Kraton Announces Opening of HSBC Plant in Taiwan   [May-09-17 10:00AM  PR Newswire]
▶ ETFs with exposure to Kraton Corp. : May 5, 2017   [May-05-17 04:16PM  Capital Cube]
▶ Kraton posts 1Q profit   [Apr-26-17 04:49PM  Associated Press]
▶ Baron Funds Comments on Kraton Corp   [Mar-16-17 03:57PM  GuruFocus.com]
▶ Kraton Announces Global HSBC and SBS Price Increase   [Feb-28-17 06:08PM  PR Newswire]
▶ Kraton reports 4Q loss   [Feb-27-17 06:04PM  Associated Press]
▶ Kraton Announces Global SIS Price Increase   [Jan-30-17 06:00PM  PR Newswire]
▶ Kraton Announces Global SBS Price Increase   [Jan-27-17 03:00PM  PR Newswire]
▶ Kraton Announces Global HSBC Price Increase   [Jan-16-17 06:00PM  PR Newswire]
▶ Is Milacron Holdings Corp (MCRN) Going To Burn Investors?   [Dec-15-16 06:33PM  at Insider Monkey]
▶ Should You Avoid Standard Motor Products, Inc. (SMP)?   [Dec-11-16 05:36AM  at Insider Monkey]
▶ Hedge Funds Are Betting On Kraton Corp (KRA)   [Dec-06-16 09:56AM  at Insider Monkey]
▶ Announcing New Innovation Polymer - Kraton G1653 Polymer   [Sep-21-16 10:00AM  PR Newswire]
Stock chart of KRA Financial statements of KRA Annual reports of KRA
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.