Intrinsic value of Kansas City Southern - KSU

Previous Close

$110.63

  Intrinsic Value

$9.70

stock screener

  Rating & Target

str. sell

-91%

Previous close

$110.63

 
Intrinsic value

$9.70

 
Up/down potential

-91%

 
Rating

str. sell

We calculate the intrinsic value of KSU 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 11.7

 

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, %
  -3.51
  8.60
  8.24
  7.92
  7.62
  7.36
  7.13
  6.91
  6.72
  6.55
  6.39
  6.26
  6.13
  6.02
  5.92
  5.82
  5.74
  5.67
  5.60
  5.54
  5.49
  5.44
  5.39
  5.35
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
Revenue, $m
  2,334
  2,535
  2,744
  2,961
  3,187
  3,421
  3,665
  3,918
  4,182
  4,455
  4,740
  5,037
  5,346
  5,667
  6,003
  6,352
  6,717
  7,097
  7,495
  7,910
  8,344
  8,798
  9,272
  9,769
  10,289
  10,833
  11,402
  11,999
  12,624
  13,279
  13,965
Variable operating expenses, $m
 
  1,701
  1,841
  1,987
  2,138
  2,296
  2,459
  2,629
  2,806
  2,990
  3,181
  3,380
  3,587
  3,803
  4,028
  4,262
  4,507
  4,762
  5,029
  5,308
  5,599
  5,903
  6,222
  6,555
  6,904
  7,269
  7,651
  8,051
  8,471
  8,910
  9,371
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,516
  1,701
  1,841
  1,987
  2,138
  2,296
  2,459
  2,629
  2,806
  2,990
  3,181
  3,380
  3,587
  3,803
  4,028
  4,262
  4,507
  4,762
  5,029
  5,308
  5,599
  5,903
  6,222
  6,555
  6,904
  7,269
  7,651
  8,051
  8,471
  8,910
  9,371
Operating income, $m
  819
  834
  903
  974
  1,048
  1,126
  1,206
  1,289
  1,376
  1,466
  1,560
  1,657
  1,759
  1,865
  1,975
  2,090
  2,210
  2,335
  2,466
  2,602
  2,745
  2,895
  3,051
  3,214
  3,385
  3,564
  3,751
  3,948
  4,153
  4,369
  4,595
EBITDA, $m
  1,124
  1,165
  1,261
  1,360
  1,464
  1,572
  1,684
  1,800
  1,921
  2,047
  2,178
  2,314
  2,456
  2,604
  2,758
  2,919
  3,086
  3,261
  3,444
  3,635
  3,834
  4,043
  4,261
  4,489
  4,728
  4,978
  5,239
  5,513
  5,801
  6,102
  6,417
Interest expense (income), $m
  84
  81
  94
  109
  124
  139
  155
  172
  189
  207
  226
  245
  265
  286
  308
  331
  355
  380
  406
  433
  462
  491
  522
  555
  589
  624
  661
  700
  741
  784
  828
Earnings before tax, $m
  663
  753
  808
  865
  925
  987
  1,051
  1,117
  1,187
  1,259
  1,334
  1,412
  1,493
  1,578
  1,666
  1,759
  1,855
  1,955
  2,060
  2,169
  2,284
  2,403
  2,528
  2,659
  2,796
  2,940
  3,090
  3,247
  3,412
  3,585
  3,766
Tax expense, $m
  183
  203
  218
  234
  250
  266
  284
  302
  320
  340
  360
  381
  403
  426
  450
  475
  501
  528
  556
  586
  617
  649
  683
  718
  755
  794
  834
  877
  921
  968
  1,017
Net income, $m
  478
  550
  590
  632
  675
  720
  767
  816
  866
  919
  974
  1,031
  1,090
  1,152
  1,216
  1,284
  1,354
  1,427
  1,504
  1,584
  1,667
  1,754
  1,846
  1,941
  2,041
  2,146
  2,256
  2,371
  2,491
  2,617
  2,749

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  171
  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
  8,818
  9,388
  10,161
  10,966
  11,802
  12,671
  13,574
  14,512
  15,487
  16,502
  17,557
  18,655
  19,799
  20,990
  22,232
  23,526
  24,877
  26,287
  27,759
  29,297
  30,904
  32,585
  34,342
  36,181
  38,106
  40,120
  42,230
  44,440
  46,755
  49,181
  51,723
Adjusted assets (=assets-cash), $m
  8,647
  9,388
  10,161
  10,966
  11,802
  12,671
  13,574
  14,512
  15,487
  16,502
  17,557
  18,655
  19,799
  20,990
  22,232
  23,526
  24,877
  26,287
  27,759
  29,297
  30,904
  32,585
  34,342
  36,181
  38,106
  40,120
  42,230
  44,440
  46,755
  49,181
  51,723
Revenue / Adjusted assets
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
Average production assets, $m
  7,888
  8,567
  9,273
  10,007
  10,770
  11,563
  12,387
  13,244
  14,134
  15,060
  16,023
  17,025
  18,068
  19,156
  20,289
  21,470
  22,703
  23,989
  25,333
  26,736
  28,203
  29,737
  31,341
  33,019
  34,775
  36,614
  38,539
  40,556
  42,669
  44,882
  47,203
Working capital, $m
  -96
  -66
  -71
  -77
  -83
  -89
  -95
  -102
  -109
  -116
  -123
  -131
  -139
  -147
  -156
  -165
  -175
  -185
  -195
  -206
  -217
  -229
  -241
  -254
  -268
  -282
  -296
  -312
  -328
  -345
  -363
Total debt, $m
  2,478
  2,697
  3,105
  3,529
  3,970
  4,427
  4,903
  5,398
  5,912
  6,446
  7,003
  7,581
  8,184
  8,812
  9,466
  10,148
  10,860
  11,603
  12,379
  13,189
  14,037
  14,922
  15,848
  16,817
  17,832
  18,893
  20,005
  21,170
  22,390
  23,668
  25,008
Total liabilities, $m
  4,728
  4,947
  5,355
  5,779
  6,220
  6,677
  7,153
  7,648
  8,162
  8,696
  9,253
  9,831
  10,434
  11,062
  11,716
  12,398
  13,110
  13,853
  14,629
  15,439
  16,287
  17,172
  18,098
  19,067
  20,082
  21,143
  22,255
  23,420
  24,640
  25,918
  27,258
Total equity, $m
  4,090
  4,440
  4,806
  5,187
  5,582
  5,993
  6,420
  6,864
  7,326
  7,805
  8,305
  8,824
  9,365
  9,928
  10,516
  11,128
  11,767
  12,434
  13,130
  13,857
  14,618
  15,413
  16,244
  17,114
  18,024
  18,977
  19,975
  21,020
  22,115
  23,262
  24,465
Total liabilities and equity, $m
  8,818
  9,387
  10,161
  10,966
  11,802
  12,670
  13,573
  14,512
  15,488
  16,501
  17,558
  18,655
  19,799
  20,990
  22,232
  23,526
  24,877
  26,287
  27,759
  29,296
  30,905
  32,585
  34,342
  36,181
  38,106
  40,120
  42,230
  44,440
  46,755
  49,180
  51,723
Debt-to-equity ratio
  0.606
  0.610
  0.650
  0.680
  0.710
  0.740
  0.760
  0.790
  0.810
  0.830
  0.840
  0.860
  0.870
  0.890
  0.900
  0.910
  0.920
  0.930
  0.940
  0.950
  0.960
  0.970
  0.980
  0.980
  0.990
  1.000
  1.000
  1.010
  1.010
  1.020
  1.020
Adjusted equity ratio
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473
  0.473

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  478
  550
  590
  632
  675
  720
  767
  816
  866
  919
  974
  1,031
  1,090
  1,152
  1,216
  1,284
  1,354
  1,427
  1,504
  1,584
  1,667
  1,754
  1,846
  1,941
  2,041
  2,146
  2,256
  2,371
  2,491
  2,617
  2,749
Depreciation, amort., depletion, $m
  305
  331
  358
  386
  416
  446
  478
  511
  546
  581
  619
  657
  698
  740
  783
  829
  877
  926
  978
  1,032
  1,089
  1,148
  1,210
  1,275
  1,343
  1,414
  1,488
  1,566
  1,647
  1,733
  1,822
Funds from operations, $m
  946
  881
  948
  1,018
  1,091
  1,167
  1,245
  1,327
  1,412
  1,500
  1,592
  1,688
  1,788
  1,892
  2,000
  2,113
  2,230
  2,353
  2,482
  2,616
  2,756
  2,902
  3,056
  3,216
  3,384
  3,560
  3,744
  3,936
  4,138
  4,350
  4,572
Change in working capital, $m
  33
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
Cash from operations, $m
  913
  886
  953
  1,024
  1,097
  1,173
  1,252
  1,334
  1,419
  1,508
  1,600
  1,696
  1,796
  1,900
  2,009
  2,122
  2,240
  2,363
  2,492
  2,627
  2,767
  2,914
  3,068
  3,229
  3,397
  3,574
  3,759
  3,952
  4,155
  4,367
  4,590
Maintenance CAPEX, $m
  0
  -305
  -331
  -358
  -386
  -416
  -446
  -478
  -511
  -546
  -581
  -619
  -657
  -698
  -740
  -783
  -829
  -877
  -926
  -978
  -1,032
  -1,089
  -1,148
  -1,210
  -1,275
  -1,343
  -1,414
  -1,488
  -1,566
  -1,647
  -1,733
New CAPEX, $m
  -591
  -679
  -706
  -734
  -763
  -793
  -824
  -856
  -890
  -926
  -963
  -1,002
  -1,044
  -1,087
  -1,133
  -1,182
  -1,233
  -1,287
  -1,343
  -1,404
  -1,467
  -1,534
  -1,604
  -1,678
  -1,756
  -1,839
  -1,925
  -2,017
  -2,113
  -2,214
  -2,320
Cash from investing activities, $m
  -628
  -984
  -1,037
  -1,092
  -1,149
  -1,209
  -1,270
  -1,334
  -1,401
  -1,472
  -1,544
  -1,621
  -1,701
  -1,785
  -1,873
  -1,965
  -2,062
  -2,164
  -2,269
  -2,382
  -2,499
  -2,623
  -2,752
  -2,888
  -3,031
  -3,182
  -3,339
  -3,505
  -3,679
  -3,861
  -4,053
Free cash flow, $m
  285
  -98
  -83
  -68
  -53
  -36
  -19
  -1
  17
  36
  55
  75
  95
  115
  136
  157
  178
  200
  222
  245
  268
  292
  316
  341
  366
  393
  420
  447
  476
  506
  537
Issuance/(repayment) of debt, $m
  73
  390
  408
  424
  441
  458
  476
  495
  514
  535
  556
  579
  603
  628
  654
  682
  712
  743
  776
  810
  847
  886
  926
  969
  1,014
  1,062
  1,112
  1,165
  1,220
  1,278
  1,340
Issuance/(repurchase) of shares, $m
  -185
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -108
  390
  408
  424
  441
  458
  476
  495
  514
  535
  556
  579
  603
  628
  654
  682
  712
  743
  776
  810
  847
  886
  926
  969
  1,014
  1,062
  1,112
  1,165
  1,220
  1,278
  1,340
Total cash flow (excl. dividends), $m
  177
  292
  324
  356
  388
  422
  457
  494
  531
  571
  611
  654
  698
  743
  790
  839
  890
  943
  998
  1,055
  1,115
  1,177
  1,242
  1,310
  1,381
  1,454
  1,531
  1,612
  1,696
  1,784
  1,876
Retained Cash Flow (-), $m
  -176
  -350
  -366
  -380
  -395
  -411
  -427
  -444
  -461
  -480
  -499
  -519
  -541
  -563
  -587
  -612
  -639
  -667
  -696
  -727
  -760
  -795
  -831
  -870
  -910
  -953
  -998
  -1,045
  -1,095
  -1,147
  -1,203
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -58
  -41
  -25
  -7
  11
  30
  50
  70
  91
  112
  134
  157
  180
  203
  227
  251
  276
  302
  328
  355
  383
  411
  440
  470
  501
  533
  567
  601
  637
  674
Discount rate, %
 
  5.70
  5.99
  6.28
  6.60
  6.93
  7.27
  7.64
  8.02
  8.42
  8.84
  9.28
  9.75
  10.24
  10.75
  11.29
  11.85
  12.44
  13.06
  13.72
  14.40
  15.12
  15.88
  16.67
  17.51
  18.38
  19.30
  20.27
  21.28
  22.34
  23.46
PV of cash for distribution, $m
 
  -55
  -37
  -21
  -6
  8
  20
  30
  38
  44
  48
  51
  51
  51
  49
  46
  42
  38
  33
  29
  24
  20
  16
  13
  10
  7
  5
  4
  3
  2
  1
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company's subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, S.A. de C.V. (KCSM). KCSR serves a 10-state region in the midwest and southeast regions of the United States and has the north/south rail route between Kansas City, Missouri and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas. KCSM operates a corridor of the Mexican railroad system. KCSM's rail lines provide rail access to the United States and Mexico border crossing at Nuevo Laredo, Tamaulipas. KCSM also provides rail access to the Port of Lazaro Cardenas on the Pacific Ocean.

FINANCIAL RATIOS  of  Kansas City Southern (KSU)

Valuation Ratios
P/E Ratio 24.7
Price to Sales 5.1
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 12.9
Price to Free Cash Flow 36.6
Growth Rates
Sales Growth Rate -3.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -29%
Cap. Spend. - 3 Yr. Gr. Rate -6%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 55.6%
Total Debt to Equity 60.6%
Interest Coverage 9
Management Effectiveness
Return On Assets 6.3%
Ret/ On Assets - 3 Yr. Avg. 8.9%
Return On Total Capital 7.4%
Ret/ On T. Cap. - 3 Yr. Avg. 10.6%
Return On Equity 11.9%
Return On Equity - 3 Yr. Avg. 17.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 65.3%
Gross Margin - 3 Yr. Avg. 63.4%
EBITDA Margin 45.1%
EBITDA Margin - 3 Yr. Avg. 42.8%
Operating Margin 35%
Oper. Margin - 3 Yr. Avg. 33%
Pre-Tax Margin 28.4%
Pre-Tax Margin - 3 Yr. Avg. 28%
Net Profit Margin 20.5%
Net Profit Margin - 3 Yr. Avg. 20%
Effective Tax Rate 27.6%
Eff/ Tax Rate - 3 Yr. Avg. 28.3%
Payout Ratio 29.9%

KSU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KSU stock intrinsic value calculation we used $2334 million for the last fiscal year's total revenue generated by Kansas City Southern. The default revenue input number comes from 2016 income statement of Kansas City Southern. 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 KSU stock valuation model: a) initial revenue growth rate of 8.6% 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 5.7%, whose default value for KSU is calculated based on our internal credit rating of Kansas City Southern, 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 Kansas City Southern.
    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 KSU stock the variable cost ratio is equal to 67.1%.

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

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Kansas City Southern.

Corporate tax rate of 27% is the nominal tax rate for Kansas City Southern. 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 KSU 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 KSU are equal to 338%.

Life of production assets of 25.9 years is the average useful life of capital assets used in Kansas City Southern 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 KSU is equal to -2.6%. 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 - $4090 million for Kansas City Southern - 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 105.428 million for Kansas City Southern 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 Kansas City Southern at the current share price and the inputted number of shares is $11.7 billion.

RELATED COMPANIES Price Int.Val. Rating
UNP Union Pacific 129.05 63.02  sell
GWR Genesee&Wyomin 76.98 36.41  str.sell
CSX CSX 56.97 15.71  str.sell
NSC Norfolk Southe 141.55 27.17  str.sell
CNI Canadian Natio 79.89 21.09  str.sell
CP Canadian Pacif 178.01 54.93  str.sell

COMPANY NEWS

▶ Coal, Intermodal Lead Railroads' Resurgence   [Dec-07-17 02:39PM  Zacks]
▶ Major US Railroads: Intermodal Revenue Growth in 3Q17   [Dec-01-17 07:33AM  Market Realist]
▶ Transports charging higher   [Nov-30-17 04:40PM  CNBC Videos]
▶ Stocks With Rising Relative Strength: Kansas City Southern   [03:00AM  Investor's Business Daily]
▶ Coal Production Rises Marginally in Week Ended November 18   [Nov-29-17 03:00PM  Market Realist]
▶ These Commodities Boosted Kansas City Southerns Carloads   [Nov-28-17 02:10PM  Market Realist]
▶ Coal Production Falls in the Week Ended November 10   [Nov-22-17 01:46PM  Market Realist]
▶ US Rail Freight Traffic Marginally Recovered in Week 45   [Nov-21-17 01:21PM  Market Realist]
▶ Coal Production Rebounded in Week Ended November 4   [Nov-16-17 10:31AM  Market Realist]
▶ Week 44 Failed to Lift US Rail Freight Volumes   [Nov-15-17 01:18PM  Market Realist]
▶ IBD Rating Upgrades: Kansas City Southern Flashes Improved Technical Strength   [Nov-09-17 03:00AM  Investor's Business Daily]
▶ Comparing CSXs Shipments with Rival NSC in Week 43   [Nov-07-17 04:30PM  Market Realist]
▶ Berkshires BNSF to See Upbeat Margins and Growth in 3Q17   [Oct-23-17 03:06PM  Market Realist]
▶ Week 41: US Rail Freight Traffic Up, Canada and Mexico Slide   [Oct-20-17 04:02PM  Market Realist]
▶ Kansas City Southern beats Street 3Q forecasts   [08:07AM  Associated Press]
▶ Why CSXs Operating Margins Soared in 3Q17   [04:57PM  Market Realist]
▶ CSXs Double-Digit Coal Revenue Rise in 3Q17   [04:57PM  Market Realist]
▶ Last Week with Kansas City Southern: What Pushed Volumes?   [Oct-13-17 05:06PM  Market Realist]
▶ How CSX Stock Has Performed This Year   [Oct-11-17 10:49AM  Market Realist]
▶ Kansas City Southern, The Growth Stock   [Oct-10-17 10:57AM  Benzinga]
▶ Behind Kansas City Southerns Rising Shipments in Week 39   [Oct-09-17 09:12AM  Market Realist]
▶ Yahoo Finance Live: Midday Movers - Oct 4th, 2017   [Oct-04-17 09:40AM  Yahoo Finance Video]
▶ US Rail Freight Volumes for Week 38 Show a Mixed Bag   [Sep-29-17 11:02AM  Market Realist]
Financial statements of KSU
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.