Intrinsic value of Malibu Boats Cl A - MBUU

Previous Close

$38.58

  Intrinsic Value

$43.38

stock screener

  Rating & Target

hold

+12%

Previous close

$38.58

 
Intrinsic value

$43.38

 
Up/down potential

+12%

 
Rating

hold

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

STOCK VALUATION INPUT DATA

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

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  11.46
  11.50
  10.85
  10.27
  9.74
  9.26
  8.84
  8.45
  8.11
  7.80
  7.52
  7.27
  7.04
  6.84
  6.65
  6.49
  6.34
  6.20
  6.08
  5.98
  5.88
  5.79
  5.71
  5.64
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
Revenue, $m
  282
  314
  349
  384
  422
  461
  502
  544
  588
  634
  682
  731
  783
  836
  892
  950
  1,010
  1,072
  1,138
  1,206
  1,276
  1,350
  1,427
  1,508
  1,592
  1,680
  1,772
  1,868
  1,968
  2,073
  2,183
Variable operating expenses, $m
 
  270
  299
  329
  361
  394
  429
  465
  502
  541
  582
  622
  665
  711
  758
  807
  858
  912
  967
  1,025
  1,085
  1,148
  1,214
  1,282
  1,354
  1,428
  1,506
  1,588
  1,673
  1,763
  1,856
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
  243
  270
  299
  329
  361
  394
  429
  465
  502
  541
  582
  622
  665
  711
  758
  807
  858
  912
  967
  1,025
  1,085
  1,148
  1,214
  1,282
  1,354
  1,428
  1,506
  1,588
  1,673
  1,763
  1,856
Operating income, $m
  39
  45
  50
  55
  61
  67
  73
  79
  86
  93
  100
  110
  117
  125
  134
  142
  151
  161
  170
  181
  191
  202
  214
  226
  238
  252
  265
  280
  295
  311
  327
EBITDA, $m
  46
  52
  58
  64
  70
  76
  83
  90
  97
  105
  113
  121
  130
  138
  148
  157
  167
  177
  188
  200
  211
  223
  236
  250
  263
  278
  293
  309
  326
  343
  361
Interest expense (income), $m
  0
  3
  4
  5
  6
  8
  9
  10
  12
  13
  15
  16
  18
  20
  22
  23
  25
  27
  30
  32
  34
  36
  39
  42
  44
  47
  50
  53
  56
  60
  63
Earnings before tax, $m
  49
  42
  46
  50
  55
  59
  64
  69
  74
  80
  85
  93
  99
  105
  112
  119
  126
  133
  141
  149
  157
  166
  175
  184
  194
  205
  215
  227
  238
  251
  264
Tax expense, $m
  18
  11
  12
  14
  15
  16
  17
  19
  20
  21
  23
  25
  27
  28
  30
  32
  34
  36
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  64
  68
  71
Net income, $m
  28
  31
  34
  37
  40
  43
  47
  50
  54
  58
  62
  68
  72
  77
  82
  87
  92
  97
  103
  109
  115
  121
  128
  135
  142
  149
  157
  165
  174
  183
  192

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  33
  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
  224
  249
  276
  305
  334
  365
  398
  431
  466
  503
  541
  580
  621
  663
  707
  753
  801
  850
  902
  956
  1,012
  1,071
  1,132
  1,196
  1,263
  1,332
  1,405
  1,481
  1,561
  1,644
  1,731
Adjusted assets (=assets-cash), $m
  191
  249
  276
  305
  334
  365
  398
  431
  466
  503
  541
  580
  621
  663
  707
  753
  801
  850
  902
  956
  1,012
  1,071
  1,132
  1,196
  1,263
  1,332
  1,405
  1,481
  1,561
  1,644
  1,731
Revenue / Adjusted assets
  1.476
  1.261
  1.264
  1.259
  1.263
  1.263
  1.261
  1.262
  1.262
  1.260
  1.261
  1.260
  1.261
  1.261
  1.262
  1.262
  1.261
  1.261
  1.262
  1.262
  1.261
  1.261
  1.261
  1.261
  1.260
  1.261
  1.261
  1.261
  1.261
  1.261
  1.261
Average production assets, $m
  32
  49
  55
  60
  66
  72
  79
  85
  92
  100
  107
  115
  123
  131
  140
  149
  159
  168
  179
  189
  200
  212
  224
  237
  250
  264
  278
  293
  309
  326
  343
Working capital, $m
  31
  12
  14
  15
  16
  18
  20
  21
  23
  25
  27
  29
  31
  33
  35
  37
  39
  42
  44
  47
  50
  53
  56
  59
  62
  66
  69
  73
  77
  81
  85
Total debt, $m
  53
  73
  95
  117
  141
  165
  191
  217
  245
  273
  303
  334
  366
  400
  435
  471
  509
  548
  589
  631
  675
  722
  770
  820
  873
  928
  985
  1,045
  1,108
  1,174
  1,243
Total liabilities, $m
  175
  197
  218
  240
  264
  288
  314
  340
  368
  397
  426
  457
  490
  523
  558
  594
  632
  671
  712
  754
  799
  845
  893
  944
  996
  1,051
  1,109
  1,169
  1,232
  1,297
  1,366
Total equity, $m
  49
  53
  58
  64
  71
  77
  84
  91
  98
  106
  114
  122
  131
  140
  149
  159
  169
  179
  190
  202
  214
  226
  239
  252
  266
  281
  296
  313
  329
  347
  365
Total liabilities and equity, $m
  224
  250
  276
  304
  335
  365
  398
  431
  466
  503
  540
  579
  621
  663
  707
  753
  801
  850
  902
  956
  1,013
  1,071
  1,132
  1,196
  1,262
  1,332
  1,405
  1,482
  1,561
  1,644
  1,731
Debt-to-equity ratio
  1.082
  1.400
  1.630
  1.820
  1.990
  2.140
  2.270
  2.390
  2.490
  2.580
  2.660
  2.730
  2.800
  2.860
  2.910
  2.960
  3.010
  3.050
  3.090
  3.130
  3.160
  3.190
  3.220
  3.250
  3.280
  3.300
  3.320
  3.340
  3.370
  3.380
  3.400
Adjusted equity ratio
  0.084
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211
  0.211

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  28
  31
  34
  37
  40
  43
  47
  50
  54
  58
  62
  68
  72
  77
  82
  87
  92
  97
  103
  109
  115
  121
  128
  135
  142
  149
  157
  165
  174
  183
  192
Depreciation, amort., depletion, $m
  7
  7
  8
  8
  9
  9
  10
  11
  11
  12
  13
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  24
  25
  26
  28
  29
  31
  33
  34
Funds from operations, $m
  34
  38
  41
  45
  49
  53
  57
  61
  66
  70
  75
  79
  85
  90
  96
  102
  108
  114
  121
  128
  135
  142
  150
  158
  167
  176
  185
  195
  205
  216
  227
Change in working capital, $m
  -2
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
Cash from operations, $m
  36
  37
  40
  44
  47
  51
  55
  59
  64
  68
  73
  78
  83
  88
  94
  99
  105
  112
  118
  125
  132
  139
  147
  155
  163
  172
  181
  191
  201
  211
  222
Maintenance CAPEX, $m
  0
  -4
  -5
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -33
New CAPEX, $m
  -9
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -17
  -17
Cash from investing activities, $m
  -9
  -9
  -10
  -11
  -12
  -13
  -13
  -15
  -16
  -16
  -17
  -19
  -19
  -20
  -22
  -23
  -24
  -26
  -27
  -29
  -30
  -32
  -33
  -35
  -37
  -39
  -40
  -43
  -45
  -48
  -50
Free cash flow, $m
  27
  27
  30
  32
  35
  38
  42
  45
  48
  52
  56
  59
  63
  67
  72
  76
  81
  86
  91
  96
  102
  108
  114
  120
  127
  133
  141
  148
  156
  164
  173
Issuance/(repayment) of debt, $m
  -17
  20
  21
  22
  23
  24
  25
  27
  28
  29
  30
  31
  32
  33
  35
  36
  38
  39
  41
  43
  44
  46
  48
  50
  53
  55
  57
  60
  63
  66
  69
Issuance/(repurchase) of shares, $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
  0
Cash from financing (excl. dividends), $m  
  -20
  20
  21
  22
  23
  24
  25
  27
  28
  29
  30
  31
  32
  33
  35
  36
  38
  39
  41
  43
  44
  46
  48
  50
  53
  55
  57
  60
  63
  66
  69
Total cash flow (excl. dividends), $m
  7
  47
  51
  55
  59
  63
  67
  71
  76
  81
  86
  90
  95
  101
  107
  112
  119
  125
  132
  139
  146
  154
  162
  170
  179
  188
  198
  208
  219
  230
  241
Retained Cash Flow (-), $m
  -34
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -18
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
 
  2
  2
  2
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  11
  11
  12
  12
  13
  14
  15
Cash available for distribution, $m
 
  41
  45
  49
  53
  56
  60
  64
  69
  73
  78
  82
  87
  92
  97
  103
  109
  115
  121
  128
  134
  142
  149
  157
  165
  174
  183
  192
  202
  212
  223
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  40
  41
  42
  43
  44
  44
  43
  43
  42
  41
  39
  37
  35
  33
  30
  28
  25
  22
  20
  17
  15
  12
  10
  8
  7
  5
  4
  3
  2
  2
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

Malibu Boats, Inc. is a designer, manufacturer and marketer of performance sport boats. The Company's segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia. Its Australia segment serves the Australian and New Zealand markets. The Company's boats are used for water sports, including water skiing, wakeboarding and wake surfing, as well as general recreational boating. The Company sells its boats under Malibu and Axis Wake Research (Axis) brand names. The Company's boats are constructed of fiberglass, equipped with inboard propulsion systems and available in a range of sizes and hull designs. The Company also offers various accessories and aftermarket parts. The Company's boat models include Malibu M Series, Malibu Wakesetter, Malibu Response and Axis.

FINANCIAL RATIOS  of  Malibu Boats Cl A (MBUU)

Valuation Ratios
P/E Ratio 24.7
Price to Sales 2.5
Price to Book 14.1
Price to Tangible Book
Price to Cash Flow 19.2
Price to Free Cash Flow 25.6
Growth Rates
Sales Growth Rate 11.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 50%
Cap. Spend. - 3 Yr. Gr. Rate 8.4%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 108.2%
Total Debt to Equity 108.2%
Interest Coverage 0
Management Effectiveness
Return On Assets 12.6%
Ret/ On Assets - 3 Yr. Avg. 10.5%
Return On Total Capital 29.8%
Ret/ On T. Cap. - 3 Yr. Avg. 28.2%
Return On Equity 87.5%
Return On Equity - 3 Yr. Avg. 191.7%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 26.6%
Gross Margin - 3 Yr. Avg. 26.4%
EBITDA Margin 19.9%
EBITDA Margin - 3 Yr. Avg. 16.7%
Operating Margin 13.8%
Oper. Margin - 3 Yr. Avg. 14%
Pre-Tax Margin 17.4%
Pre-Tax Margin - 3 Yr. Avg. 14.7%
Net Profit Margin 9.9%
Net Profit Margin - 3 Yr. Avg. 7.9%
Effective Tax Rate 36.7%
Eff/ Tax Rate - 3 Yr. Avg. 34.1%
Payout Ratio 0%

MBUU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MBUU stock intrinsic value calculation we used $282 million for the last fiscal year's total revenue generated by Malibu Boats Cl A. The default revenue input number comes from 2017 income statement of Malibu Boats Cl A. 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 MBUU stock valuation model: a) initial revenue growth rate of 11.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MBUU is calculated based on our internal credit rating of Malibu Boats Cl A, 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 Malibu Boats Cl A.
    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 MBUU stock the variable cost ratio is equal to 85.8%.

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 MBUU 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 5.4% for Malibu Boats Cl A.

Corporate tax rate of 27% is the nominal tax rate for Malibu Boats Cl A. 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 MBUU stock is equal to 0.7%.

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 MBUU are equal to 15.7%.

Life of production assets of 10 years is the average useful life of capital assets used in Malibu Boats Cl A 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 MBUU 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 - $47 million for Malibu Boats Cl A - 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 18 million for Malibu Boats Cl A 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 Malibu Boats Cl A at the current share price and the inputted number of shares is $0.7 billion.

RELATED COMPANIES Price Int.Val. Rating
MCFT MCBC Holdings 26.75 14.27  sell
MPX Marine Product 19.71 18.31  buy
BC Brunswick 67.22 60.34  hold
TWIN Twin Disc 25.52 2.68  str.sell

COMPANY NEWS

▶ Malibu Boats (MBUU) Enters Oversold Territory   [Jul-20-18 07:41AM  Zacks]
▶ 4 Top Ranked Growth Stocks to Buy for July 16th   [Jul-16-18 01:25PM  InvestorPlace]
▶ Top Ranked Value Stocks to Buy for July 13th   [Jul-13-18 09:47AM  Zacks]
▶ Top Ranked Value Stocks to Buy for July 11th   [Jul-11-18 09:36AM  Zacks]
▶ Top Ranked Value Stocks to Buy for July 9th   [Jul-09-18 10:34AM  Zacks]
▶ Top Ranked Value Stocks to Buy for July 5th   [Jul-05-18 09:36AM  Zacks]
▶ 5 Top-Ranked Stocks for Easy Gains in Lazy June   [Jun-12-18 11:05AM  InvestorPlace]
▶ 5 Top-Ranked Stocks for Easy Gains in Lazy June   [Jun-01-18 08:47AM  Zacks]
▶ Ignore Q1 GDP Dip With These 5 Top-Ranked Picks   [May-31-18 09:07AM  Zacks]
▶ Top Growth Stocks To Buy   [May-29-18 12:02PM  Simply Wall St.]
▶ 5 Top-Ranked Picks That Will Continue the Small-Cap Rally   [May-21-18 11:45AM  InvestorPlace]
▶ Top Ranked Growth Stocks to Buy for May 7th   [May-07-18 08:29AM  Zacks]
▶ Malibu Boats: Fiscal 3Q Earnings Snapshot   [08:27AM  Associated Press]
▶ Malibu Boats Earnings Preview   [May-01-18 03:46PM  Benzinga]
▶ Anatomy of Success: Malibu Boats (MBUU)   [Apr-13-18 05:21PM  Zacks]
▶ Top Ranked Growth Stocks to Buy for March 15th   [Mar-15-18 08:31AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for March 13th   [Mar-13-18 09:12AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for March 6th   [Mar-06-18 08:47AM  Zacks]
▶ Malibu Boats reports 2Q loss   [07:41AM  Associated Press]
▶ Best Undervalued Stock in January   [Jan-19-18 09:02AM  Simply Wall St.]
▶ 5 Profitable Stocks to Buy in January   [Jan-05-18 08:26AM  Zacks]
▶ [$$] JPMorgan: Five Stocks It's Selling and One Buy   [Dec-19-17 03:07PM  Barrons.com]
▶ 5 Profitable Stocks With Midas Touch   [Nov-16-17 08:04AM  Zacks]
▶ Best Low-P/E Stocks to Buy in November   [Nov-13-17 08:10AM  Motley Fool]
▶ Malibu Boats beats Street 1Q forecasts   [Nov-08-17 05:03AM  Associated Press]
▶ New Strong Buy Stocks for October 2nd   [Oct-02-17 11:31AM  Zacks]
▶ New Strong Buy Stocks for September 22nd   [Sep-22-17 10:25AM  Zacks]
Financial statements of MBUU
Valuation of Stocks

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

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

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

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