Intrinsic value of Masco - MAS

Previous Close

$38.09

  Intrinsic Value

$13.18

stock screener

  Rating & Target

str. sell

-65%

  Value-price divergence*

+44%

Previous close

$38.09

 
Intrinsic value

$13.18

 
Up/down potential

-65%

 
Rating

str. sell

 
Value-price divergence*

+44%

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

We calculate the intrinsic value of MAS 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 12.1

 

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, %
  3.01
  2.80
  3.02
  3.22
  3.40
  3.56
  3.70
  3.83
  3.95
  4.05
  4.15
  4.23
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
Revenue, $m
  7,357
  7,563
  7,791
  8,042
  8,315
  8,611
  8,930
  9,272
  9,638
  10,028
  10,444
  10,886
  11,356
  11,853
  12,379
  12,936
  13,524
  14,145
  14,800
  15,492
  16,220
  16,988
  17,796
  18,648
  19,544
  20,486
  21,478
  22,522
  23,619
  24,773
  25,986
Variable operating expenses, $m
 
  2,675
  2,753
  2,839
  2,933
  3,034
  3,143
  3,261
  3,386
  3,520
  3,662
  3,731
  3,891
  4,062
  4,242
  4,433
  4,635
  4,847
  5,072
  5,309
  5,559
  5,822
  6,099
  6,390
  6,697
  7,021
  7,360
  7,718
  8,094
  8,489
  8,905
Fixed operating expenses, $m
 
  3,891
  3,988
  4,088
  4,190
  4,295
  4,402
  4,512
  4,625
  4,741
  4,859
  4,981
  5,105
  5,233
  5,364
  5,498
  5,635
  5,776
  5,920
  6,068
  6,220
  6,376
  6,535
  6,698
  6,866
  7,038
  7,214
  7,394
  7,579
  7,768
  7,962
Total operating expenses, $m
  6,304
  6,566
  6,741
  6,927
  7,123
  7,329
  7,545
  7,773
  8,011
  8,261
  8,521
  8,712
  8,996
  9,295
  9,606
  9,931
  10,270
  10,623
  10,992
  11,377
  11,779
  12,198
  12,634
  13,088
  13,563
  14,059
  14,574
  15,112
  15,673
  16,257
  16,867
Operating income, $m
  1,053
  997
  1,050
  1,115
  1,192
  1,282
  1,384
  1,499
  1,627
  1,768
  1,923
  2,175
  2,359
  2,558
  2,773
  3,005
  3,254
  3,522
  3,808
  4,114
  4,441
  4,791
  5,163
  5,559
  5,980
  6,428
  6,904
  7,410
  7,946
  8,515
  9,118
EBITDA, $m
  1,212
  1,155
  1,210
  1,278
  1,358
  1,450
  1,556
  1,674
  1,805
  1,950
  2,109
  2,283
  2,471
  2,675
  2,896
  3,133
  3,388
  3,662
  3,954
  4,268
  4,602
  4,959
  5,339
  5,743
  6,174
  6,631
  7,117
  7,633
  8,180
  8,760
  9,376
Interest expense (income), $m
  198
  186
  75
  82
  90
  98
  107
  116
  126
  137
  149
  162
  175
  189
  204
  219
  236
  254
  272
  292
  313
  334
  357
  382
  407
  434
  462
  492
  523
  556
  590
Earnings before tax, $m
  830
  811
  975
  1,033
  1,103
  1,184
  1,278
  1,383
  1,500
  1,631
  1,774
  2,014
  2,184
  2,369
  2,570
  2,786
  3,018
  3,268
  3,536
  3,822
  4,129
  4,456
  4,805
  5,177
  5,573
  5,994
  6,442
  6,918
  7,423
  7,959
  8,528
Tax expense, $m
  296
  219
  263
  279
  298
  320
  345
  373
  405
  440
  479
  544
  590
  640
  694
  752
  815
  882
  955
  1,032
  1,115
  1,203
  1,297
  1,398
  1,505
  1,619
  1,739
  1,868
  2,004
  2,149
  2,303
Net income, $m
  491
  592
  712
  754
  805
  865
  933
  1,009
  1,095
  1,190
  1,295
  1,470
  1,594
  1,730
  1,876
  2,034
  2,203
  2,386
  2,581
  2,790
  3,014
  3,253
  3,508
  3,779
  4,068
  4,376
  4,703
  5,050
  5,419
  5,810
  6,225

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,191
  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
  5,137
  4,057
  4,180
  4,314
  4,461
  4,620
  4,791
  4,974
  5,170
  5,380
  5,603
  5,840
  6,092
  6,359
  6,641
  6,940
  7,255
  7,589
  7,940
  8,311
  8,702
  9,114
  9,547
  10,004
  10,485
  10,991
  11,523
  12,083
  12,671
  13,290
  13,941
Adjusted assets (=assets-cash), $m
  3,946
  4,057
  4,180
  4,314
  4,461
  4,620
  4,791
  4,974
  5,170
  5,380
  5,603
  5,840
  6,092
  6,359
  6,641
  6,940
  7,255
  7,589
  7,940
  8,311
  8,702
  9,114
  9,547
  10,004
  10,485
  10,991
  11,523
  12,083
  12,671
  13,290
  13,941
Revenue / Adjusted assets
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
  1.864
Average production assets, $m
  708
  726
  748
  772
  798
  827
  857
  890
  925
  963
  1,003
  1,045
  1,090
  1,138
  1,188
  1,242
  1,298
  1,358
  1,421
  1,487
  1,557
  1,631
  1,708
  1,790
  1,876
  1,967
  2,062
  2,162
  2,267
  2,378
  2,495
Working capital, $m
  1,474
  295
  304
  314
  324
  336
  348
  362
  376
  391
  407
  425
  443
  462
  483
  504
  527
  552
  577
  604
  633
  663
  694
  727
  762
  799
  838
  878
  921
  966
  1,013
Total debt, $m
  2,997
  1,214
  1,324
  1,445
  1,577
  1,720
  1,874
  2,039
  2,215
  2,404
  2,605
  2,818
  3,045
  3,285
  3,539
  3,808
  4,092
  4,392
  4,708
  5,042
  5,394
  5,764
  6,155
  6,566
  6,998
  7,454
  7,932
  8,436
  8,966
  9,523
  10,109
Total liabilities, $m
  5,435
  3,652
  3,762
  3,883
  4,015
  4,158
  4,312
  4,477
  4,653
  4,842
  5,043
  5,256
  5,483
  5,723
  5,977
  6,246
  6,530
  6,830
  7,146
  7,480
  7,832
  8,202
  8,593
  9,004
  9,436
  9,892
  10,370
  10,874
  11,404
  11,961
  12,547
Total equity, $m
  -298
  406
  418
  431
  446
  462
  479
  497
  517
  538
  560
  584
  609
  636
  664
  694
  726
  759
  794
  831
  870
  911
  955
  1,000
  1,048
  1,099
  1,152
  1,208
  1,267
  1,329
  1,394
Total liabilities and equity, $m
  5,137
  4,058
  4,180
  4,314
  4,461
  4,620
  4,791
  4,974
  5,170
  5,380
  5,603
  5,840
  6,092
  6,359
  6,641
  6,940
  7,256
  7,589
  7,940
  8,311
  8,702
  9,113
  9,548
  10,004
  10,484
  10,991
  11,522
  12,082
  12,671
  13,290
  13,941
Debt-to-equity ratio
  -10.057
  2.990
  3.170
  3.350
  3.530
  3.720
  3.910
  4.100
  4.280
  4.470
  4.650
  4.830
  5.000
  5.170
  5.330
  5.490
  5.640
  5.790
  5.930
  6.070
  6.200
  6.320
  6.450
  6.560
  6.670
  6.780
  6.880
  6.980
  7.080
  7.170
  7.250
Adjusted equity ratio
  -0.377
  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
  491
  592
  712
  754
  805
  865
  933
  1,009
  1,095
  1,190
  1,295
  1,470
  1,594
  1,730
  1,876
  2,034
  2,203
  2,386
  2,581
  2,790
  3,014
  3,253
  3,508
  3,779
  4,068
  4,376
  4,703
  5,050
  5,419
  5,810
  6,225
Depreciation, amort., depletion, $m
  159
  158
  160
  163
  165
  168
  172
  175
  179
  182
  187
  108
  112
  117
  123
  128
  134
  140
  146
  153
  161
  168
  176
  185
  193
  203
  213
  223
  234
  245
  257
Funds from operations, $m
  638
  750
  872
  917
  971
  1,033
  1,104
  1,184
  1,274
  1,373
  1,481
  1,578
  1,707
  1,847
  1,998
  2,162
  2,337
  2,526
  2,728
  2,944
  3,175
  3,421
  3,684
  3,964
  4,262
  4,579
  4,915
  5,273
  5,653
  6,056
  6,483
Change in working capital, $m
  -88
  8
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  19
  21
  22
  23
  24
  26
  27
  28
  30
  32
  33
  35
  37
  39
  41
  43
  45
  47
Cash from operations, $m
  726
  742
  863
  907
  960
  1,021
  1,092
  1,171
  1,260
  1,357
  1,465
  1,560
  1,689
  1,828
  1,978
  2,140
  2,314
  2,501
  2,702
  2,917
  3,146
  3,391
  3,652
  3,931
  4,227
  4,542
  4,877
  5,232
  5,610
  6,011
  6,435
Maintenance CAPEX, $m
  0
  -73
  -75
  -77
  -80
  -82
  -85
  -88
  -92
  -95
  -99
  -103
  -108
  -112
  -117
  -123
  -128
  -134
  -140
  -146
  -153
  -161
  -168
  -176
  -185
  -193
  -203
  -213
  -223
  -234
  -245
New CAPEX, $m
  -180
  -18
  -22
  -24
  -26
  -28
  -31
  -33
  -35
  -37
  -40
  -42
  -45
  -48
  -51
  -53
  -56
  -60
  -63
  -66
  -70
  -74
  -78
  -82
  -86
  -91
  -95
  -100
  -105
  -111
  -116
Cash from investing activities, $m
  -124
  -91
  -97
  -101
  -106
  -110
  -116
  -121
  -127
  -132
  -139
  -145
  -153
  -160
  -168
  -176
  -184
  -194
  -203
  -212
  -223
  -235
  -246
  -258
  -271
  -284
  -298
  -313
  -328
  -345
  -361
Free cash flow, $m
  602
  651
  766
  806
  854
  911
  976
  1,050
  1,133
  1,225
  1,326
  1,415
  1,536
  1,667
  1,810
  1,964
  2,130
  2,308
  2,499
  2,704
  2,923
  3,157
  3,407
  3,673
  3,956
  4,258
  4,579
  4,920
  5,282
  5,666
  6,074
Issuance/(repayment) of debt, $m
  -412
  -1,781
  110
  121
  132
  143
  154
  165
  177
  189
  201
  213
  227
  240
  254
  269
  284
  300
  316
  334
  352
  371
  390
  411
  433
  455
  479
  504
  530
  557
  586
Issuance/(repurchase) of shares, $m
  -458
  1,300
  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  
  -918
  -481
  110
  121
  132
  143
  154
  165
  177
  189
  201
  213
  227
  240
  254
  269
  284
  300
  316
  334
  352
  371
  390
  411
  433
  455
  479
  504
  530
  557
  586
Total cash flow (excl. dividends), $m
  -350
  170
  876
  927
  986
  1,054
  1,130
  1,215
  1,309
  1,413
  1,527
  1,628
  1,762
  1,908
  2,064
  2,233
  2,414
  2,608
  2,816
  3,038
  3,275
  3,528
  3,797
  4,084
  4,389
  4,713
  5,058
  5,423
  5,812
  6,223
  6,659
Retained Cash Flow (-), $m
  163
  -1,893
  -12
  -13
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -32
  -33
  -35
  -37
  -39
  -41
  -43
  -46
  -48
  -51
  -53
  -56
  -59
  -62
  -65
Prev. year cash balance distribution, $m
 
  1,189
  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
 
  -533
  864
  914
  971
  1,038
  1,113
  1,197
  1,290
  1,392
  1,504
  1,604
  1,737
  1,881
  2,036
  2,203
  2,382
  2,574
  2,780
  3,001
  3,236
  3,486
  3,754
  4,038
  4,341
  4,663
  5,005
  5,368
  5,753
  6,161
  6,594
Discount rate, %
 
  7.30
  7.67
  8.05
  8.45
  8.87
  9.32
  9.78
  10.27
  10.79
  11.32
  11.89
  12.49
  13.11
  13.77
  14.45
  15.18
  15.93
  16.73
  17.57
  18.45
  19.37
  20.34
  21.35
  22.42
  23.54
  24.72
  25.96
  27.25
  28.62
  30.05
PV of cash for distribution, $m
 
  -497
  746
  724
  702
  678
  652
  623
  590
  554
  515
  466
  423
  379
  335
  291
  248
  208
  172
  139
  110
  85
  64
  47
  34
  24
  16
  11
  7
  4
  2
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

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company's portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas. The Company's plumbing products include faucets, showerheads, handheld showers, valves, bathing units, shower enclosures and toilets and are sold to home center retailers and to wholesalers and distributors. It also produces architectural coatings, including paints, primers, specialty paints, stains and waterproofing products. In North America, it manufactures and sells value-priced, stock and semi-custom assembled cabinetry for kitchen, bath, storage, home office and home entertainment applications.

FINANCIAL RATIOS  of  Masco (MAS)

Valuation Ratios
P/E Ratio 24.7
Price to Sales 1.6
Price to Book -40.6
Price to Tangible Book
Price to Cash Flow 16.7
Price to Free Cash Flow 22.2
Growth Rates
Sales Growth Rate 3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 13.9%
Cap. Spend. - 3 Yr. Gr. Rate 7.4%
Financial Strength
Quick Ratio 596
Current Ratio 0
LT Debt to Equity -1005%
Total Debt to Equity -1005.7%
Interest Coverage 5
Management Effectiveness
Return On Assets 11.5%
Ret/ On Assets - 3 Yr. Avg. 12.1%
Return On Total Capital 16.4%
Ret/ On T. Cap. - 3 Yr. Avg. 15.4%
Return On Equity -226.8%
Return On Equity - 3 Yr. Avg. -7.1%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 33.4%
Gross Margin - 3 Yr. Avg. 31.4%
EBITDA Margin 16.1%
EBITDA Margin - 3 Yr. Avg. 14.6%
Operating Margin 14.3%
Oper. Margin - 3 Yr. Avg. 12.5%
Pre-Tax Margin 11.3%
Pre-Tax Margin - 3 Yr. Avg. 9.4%
Net Profit Margin 6.7%
Net Profit Margin - 3 Yr. Avg. 8%
Effective Tax Rate 35.7%
Eff/ Tax Rate - 3 Yr. Avg. 2.3%
Payout Ratio 26.1%

MAS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MAS stock intrinsic value calculation we used $7357 million for the last fiscal year's total revenue generated by Masco. The default revenue input number comes from 2016 income statement of Masco. 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 MAS stock valuation model: a) initial revenue growth rate of 2.8% 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 7.3%, whose default value for MAS is calculated based on our internal credit rating of Masco, 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 Masco.
    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 MAS stock the variable cost ratio is equal to 35.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $3796 million in the base year in the intrinsic value calculation for MAS 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 6.2% for Masco.

Corporate tax rate of 27% is the nominal tax rate for Masco. 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 MAS 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 MAS are equal to 9.6%.

Life of production assets of 9.7 years is the average useful life of capital assets used in Masco 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 MAS is equal to 3.9%. 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 - $-298 million for Masco - 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 316.993 million for Masco 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 Masco at the current share price and the inputted number of shares is $12.1 billion.

RELATED COMPANIES Price Int.Val. Rating
FBHS Fortune Brands 64.91 63.64  hold
AMWD American Woodm 92.65 117.08  buy
SPB Spectrum Brand 105.41 74.26  sell
PATK Patrick Indust 79.35 128.05  str.buy
CSTE Caesarstone 28.65 29.25  hold

COMPANY NEWS

▶ Masco Corporation Declares Quarterly Dividend   [Sep-22-17 09:00AM  Business Wire]
▶ Dangerous Assumptions on Hurricane Harvey   [07:00AM  TheStreet.com]
▶ ETFs with exposure to Masco Corp. : August 14, 2017   [Aug-14-17 04:51PM  Capital Cube]
▶ Malaysia Airlines' CEO Sees Rapid Growth in China   [Aug-01-17 12:34AM  Bloomberg Video]
▶ Masco meets 2Q profit forecasts   [Jul-27-17 11:37PM  Associated Press]
▶ ETFs with exposure to Masco Corp. : July 4, 2017   [Jul-04-17 03:09PM  Capital Cube]
▶ Masco Corporation Announces Pricing of Tender Offers   [Jun-26-17 03:45PM  Business Wire]
▶ Masco Corporation Declares Quarterly Dividend   [Jun-22-17 09:00AM  Business Wire]
▶ Home Construction Sector Is Moving Well   [Jun-02-17 02:23PM  TheStreet.com]
▶ ETFs with exposure to Masco Corp. : May 23, 2017   [May-23-17 12:57PM  Capital Cube]
▶ ETFs with exposure to Masco Corp. : April 28, 2017   [Apr-28-17 04:04PM  Capital Cube]
▶ Masco Is Flowing to the Upside   [Apr-25-17 04:38PM  TheStreet.com]
▶ Masco tops Street 1Q forecasts   [07:08AM  Associated Press]
▶ Masco Corp. Value Analysis (NYSE:MAS) : April 24, 2017   [Apr-24-17 03:34PM  Capital Cube]
▶ Masco Corporation to Host Investor Day on May 16, 2017   [Apr-18-17 09:00AM  Business Wire]
▶ Masco Corporation Trades Ex-Dividend Wednesday   [Apr-09-17 05:38PM  Investopedia]
▶ 3 Residential Construction Stocks to Buy in 2017   [Apr-05-17 10:00AM  Motley Fool]
▶ Masco Corporation Declares Quarterly Dividend   [Mar-24-17 09:00AM  Business Wire]
▶ TopBuild: Cramer's Top Takeaways   [Mar-09-17 06:25AM  TheStreet.com]
▶ These Four Stocks Perform Well in March   [Mar-06-17 01:00PM  Investopedia]
Financial statements of MAS
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.