Intrinsic value of Mohawk Industries - MHK

Previous Close

$279.14

  Intrinsic Value

$446.71

stock screener

  Rating & Target

str. buy

+60%

Previous close

$279.14

 
Intrinsic value

$446.71

 
Up/down potential

+60%

 
Rating

str. buy

We calculate the intrinsic value of MHK 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
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, %
  10.99
  11.00
  10.40
  9.86
  9.37
  8.94
  8.54
  8.19
  7.87
  7.58
  7.32
  7.09
  6.88
  6.69
  6.53
  6.37
  6.24
  6.11
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.31
  5.28
Revenue, $m
  8,959
  9,944
  10,979
  12,061
  13,192
  14,371
  15,598
  16,876
  18,204
  19,584
  21,019
  22,509
  24,059
  25,669
  27,344
  29,087
  30,900
  32,789
  34,756
  36,807
  38,946
  41,177
  43,507
  45,939
  48,480
  51,136
  53,913
  56,818
  59,857
  63,038
  66,368
Variable operating expenses, $m
 
  4,967
  5,460
  5,976
  6,515
  7,077
  7,662
  8,271
  8,904
  9,562
  10,245
  10,728
  11,467
  12,234
  13,033
  13,863
  14,728
  15,628
  16,566
  17,543
  18,562
  19,626
  20,736
  21,895
  23,106
  24,372
  25,696
  27,080
  28,529
  30,045
  31,632
Fixed operating expenses, $m
 
  3,346
  3,429
  3,515
  3,603
  3,693
  3,785
  3,880
  3,977
  4,076
  4,178
  4,283
  4,390
  4,499
  4,612
  4,727
  4,845
  4,967
  5,091
  5,218
  5,348
  5,482
  5,619
  5,760
  5,904
  6,051
  6,203
  6,358
  6,517
  6,679
  6,846
Total operating expenses, $m
  7,679
  8,313
  8,889
  9,491
  10,118
  10,770
  11,447
  12,151
  12,881
  13,638
  14,423
  15,011
  15,857
  16,733
  17,645
  18,590
  19,573
  20,595
  21,657
  22,761
  23,910
  25,108
  26,355
  27,655
  29,010
  30,423
  31,899
  33,438
  35,046
  36,724
  38,478
Operating income, $m
  1,280
  1,632
  2,089
  2,570
  3,074
  3,601
  4,151
  4,725
  5,323
  5,946
  6,595
  7,498
  8,202
  8,935
  9,699
  10,496
  11,327
  12,195
  13,100
  14,046
  15,035
  16,069
  17,151
  18,284
  19,470
  20,712
  22,015
  23,380
  24,812
  26,313
  27,889
EBITDA, $m
  1,689
  2,152
  2,641
  3,153
  3,691
  4,252
  4,839
  5,450
  6,088
  6,751
  7,442
  8,162
  8,912
  9,692
  10,506
  11,354
  12,239
  13,162
  14,125
  15,132
  16,184
  17,284
  18,434
  19,639
  20,900
  22,221
  23,605
  25,055
  26,577
  28,172
  29,847
Interest expense (income), $m
  57
  84
  100
  118
  136
  156
  176
  196
  218
  240
  264
  288
  313
  340
  367
  395
  425
  456
  488
  521
  556
  592
  630
  669
  710
  754
  799
  846
  895
  946
  1,000
Earnings before tax, $m
  1,241
  1,548
  1,989
  2,452
  2,938
  3,446
  3,976
  4,529
  5,105
  5,706
  6,331
  7,210
  7,889
  8,596
  9,333
  10,101
  10,902
  11,739
  12,613
  13,525
  14,479
  15,477
  16,522
  17,615
  18,759
  19,959
  21,216
  22,534
  23,917
  25,367
  26,889
Tax expense, $m
  307
  418
  537
  662
  793
  930
  1,073
  1,223
  1,378
  1,541
  1,709
  1,947
  2,130
  2,321
  2,520
  2,727
  2,944
  3,170
  3,405
  3,652
  3,909
  4,179
  4,461
  4,756
  5,065
  5,389
  5,728
  6,084
  6,458
  6,849
  7,260
Net income, $m
  930
  1,130
  1,452
  1,790
  2,145
  2,515
  2,902
  3,306
  3,727
  4,165
  4,622
  5,263
  5,759
  6,275
  6,813
  7,374
  7,959
  8,569
  9,207
  9,873
  10,570
  11,298
  12,061
  12,859
  13,694
  14,570
  15,488
  16,450
  17,459
  18,518
  19,629

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
  10,231
  11,224
  12,391
  13,613
  14,889
  16,220
  17,605
  19,047
  20,546
  22,104
  23,723
  25,405
  27,154
  28,972
  30,862
  32,829
  34,876
  37,008
  39,228
  41,543
  43,957
  46,476
  49,104
  51,850
  54,718
  57,716
  60,850
  64,129
  67,559
  71,149
  74,907
Adjusted assets (=assets-cash), $m
  10,109
  11,224
  12,391
  13,613
  14,889
  16,220
  17,605
  19,047
  20,546
  22,104
  23,723
  25,405
  27,154
  28,972
  30,862
  32,829
  34,876
  37,008
  39,228
  41,543
  43,957
  46,476
  49,104
  51,850
  54,718
  57,716
  60,850
  64,129
  67,559
  71,149
  74,907
Revenue / Adjusted assets
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
Average production assets, $m
  4,145
  4,604
  5,083
  5,584
  6,108
  6,654
  7,222
  7,813
  8,428
  9,067
  9,732
  10,422
  11,139
  11,885
  12,660
  13,467
  14,307
  15,181
  16,092
  17,042
  18,032
  19,065
  20,144
  21,270
  22,446
  23,676
  24,962
  26,307
  27,714
  29,187
  30,728
Working capital, $m
  754
  2,238
  2,470
  2,714
  2,968
  3,233
  3,510
  3,797
  4,096
  4,406
  4,729
  5,065
  5,413
  5,776
  6,152
  6,544
  6,953
  7,377
  7,820
  8,282
  8,763
  9,265
  9,789
  10,336
  10,908
  11,506
  12,130
  12,784
  13,468
  14,184
  14,933
Total debt, $m
  2,511
  2,871
  3,372
  3,896
  4,443
  5,014
  5,609
  6,227
  6,870
  7,539
  8,233
  8,955
  9,705
  10,485
  11,296
  12,140
  13,018
  13,932
  14,885
  15,878
  16,914
  17,994
  19,122
  20,300
  21,530
  22,816
  24,161
  25,567
  27,039
  28,579
  30,191
Total liabilities, $m
  4,454
  4,815
  5,316
  5,840
  6,387
  6,958
  7,553
  8,171
  8,814
  9,483
  10,177
  10,899
  11,649
  12,429
  13,240
  14,084
  14,962
  15,876
  16,829
  17,822
  18,858
  19,938
  21,066
  22,244
  23,474
  24,760
  26,105
  27,511
  28,983
  30,523
  32,135
Total equity, $m
  5,776
  6,409
  7,075
  7,773
  8,502
  9,262
  10,053
  10,876
  11,732
  12,621
  13,546
  14,507
  15,505
  16,543
  17,622
  18,745
  19,914
  21,131
  22,399
  23,721
  25,099
  26,538
  28,039
  29,606
  31,244
  32,956
  34,745
  36,617
  38,576
  40,626
  42,772
Total liabilities and equity, $m
  10,230
  11,224
  12,391
  13,613
  14,889
  16,220
  17,606
  19,047
  20,546
  22,104
  23,723
  25,406
  27,154
  28,972
  30,862
  32,829
  34,876
  37,007
  39,228
  41,543
  43,957
  46,476
  49,105
  51,850
  54,718
  57,716
  60,850
  64,128
  67,559
  71,149
  74,907
Debt-to-equity ratio
  0.435
  0.450
  0.480
  0.500
  0.520
  0.540
  0.560
  0.570
  0.590
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.650
  0.650
  0.660
  0.660
  0.670
  0.670
  0.680
  0.680
  0.690
  0.690
  0.690
  0.700
  0.700
  0.700
  0.700
  0.710
Adjusted equity ratio
  0.559
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  930
  1,130
  1,452
  1,790
  2,145
  2,515
  2,902
  3,306
  3,727
  4,165
  4,622
  5,263
  5,759
  6,275
  6,813
  7,374
  7,959
  8,569
  9,207
  9,873
  10,570
  11,298
  12,061
  12,859
  13,694
  14,570
  15,488
  16,450
  17,459
  18,518
  19,629
Depreciation, amort., depletion, $m
  409
  521
  551
  583
  616
  651
  687
  725
  764
  805
  847
  664
  709
  757
  806
  858
  911
  967
  1,025
  1,085
  1,149
  1,214
  1,283
  1,355
  1,430
  1,508
  1,590
  1,676
  1,765
  1,859
  1,957
Funds from operations, $m
  1,221
  1,651
  2,003
  2,373
  2,761
  3,166
  3,590
  4,031
  4,491
  4,970
  5,469
  5,927
  6,468
  7,032
  7,619
  8,231
  8,870
  9,536
  10,232
  10,959
  11,719
  12,513
  13,344
  14,213
  15,124
  16,078
  17,078
  18,126
  19,224
  20,377
  21,586
Change in working capital, $m
  -107
  222
  233
  244
  254
  265
  276
  287
  299
  311
  323
  335
  349
  362
  377
  392
  408
  425
  443
  461
  481
  502
  524
  547
  572
  598
  625
  654
  684
  716
  749
Cash from operations, $m
  1,328
  1,429
  1,770
  2,130
  2,507
  2,901
  3,314
  3,744
  4,192
  4,660
  5,146
  5,592
  6,120
  6,669
  7,242
  7,839
  8,462
  9,111
  9,789
  10,497
  11,237
  12,011
  12,820
  13,666
  14,552
  15,480
  16,453
  17,472
  18,541
  19,661
  20,837
Maintenance CAPEX, $m
  0
  -264
  -293
  -324
  -356
  -389
  -424
  -460
  -498
  -537
  -578
  -620
  -664
  -709
  -757
  -806
  -858
  -911
  -967
  -1,025
  -1,085
  -1,149
  -1,214
  -1,283
  -1,355
  -1,430
  -1,508
  -1,590
  -1,676
  -1,765
  -1,859
New CAPEX, $m
  -672
  -459
  -479
  -501
  -523
  -546
  -568
  -591
  -615
  -639
  -664
  -690
  -717
  -746
  -775
  -807
  -840
  -874
  -911
  -950
  -990
  -1,033
  -1,078
  -1,126
  -1,177
  -1,230
  -1,286
  -1,345
  -1,407
  -1,473
  -1,542
Cash from investing activities, $m
  -672
  -723
  -772
  -825
  -879
  -935
  -992
  -1,051
  -1,113
  -1,176
  -1,242
  -1,310
  -1,381
  -1,455
  -1,532
  -1,613
  -1,698
  -1,785
  -1,878
  -1,975
  -2,075
  -2,182
  -2,292
  -2,409
  -2,532
  -2,660
  -2,794
  -2,935
  -3,083
  -3,238
  -3,401
Free cash flow, $m
  656
  706
  998
  1,305
  1,627
  1,966
  2,321
  2,692
  3,080
  3,484
  3,905
  4,282
  4,739
  5,214
  5,710
  6,226
  6,764
  7,326
  7,912
  8,523
  9,162
  9,829
  10,527
  11,257
  12,021
  12,821
  13,659
  14,537
  15,458
  16,423
  17,436
Issuance/(repayment) of debt, $m
  -630
  482
  501
  524
  547
  571
  594
  618
  643
  668
  695
  722
  750
  780
  811
  844
  878
  914
  953
  993
  1,036
  1,080
  1,128
  1,178
  1,230
  1,286
  1,345
  1,406
  1,472
  1,540
  1,612
Issuance/(repurchase) of shares, $m
  9
  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  
  -624
  482
  501
  524
  547
  571
  594
  618
  643
  668
  695
  722
  750
  780
  811
  844
  878
  914
  953
  993
  1,036
  1,080
  1,128
  1,178
  1,230
  1,286
  1,345
  1,406
  1,472
  1,540
  1,612
Total cash flow (excl. dividends), $m
  40
  1,188
  1,499
  1,829
  2,175
  2,537
  2,916
  3,311
  3,723
  4,152
  4,599
  5,004
  5,489
  5,994
  6,521
  7,070
  7,643
  8,240
  8,864
  9,516
  10,197
  10,910
  11,655
  12,435
  13,251
  14,107
  15,004
  15,944
  16,929
  17,964
  19,049
Retained Cash Flow (-), $m
  -922
  -633
  -667
  -698
  -729
  -760
  -791
  -823
  -856
  -890
  -924
  -961
  -998
  -1,038
  -1,079
  -1,123
  -1,169
  -1,217
  -1,268
  -1,322
  -1,378
  -1,438
  -1,501
  -1,568
  -1,638
  -1,712
  -1,790
  -1,872
  -1,959
  -2,050
  -2,146
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
 
  555
  833
  1,131
  1,446
  1,777
  2,125
  2,488
  2,867
  3,262
  3,675
  4,043
  4,490
  4,956
  5,441
  5,947
  6,474
  7,023
  7,596
  8,194
  8,819
  9,471
  10,154
  10,867
  11,614
  12,395
  13,214
  14,072
  14,971
  15,914
  16,902
Discount rate, %
 
  4.50
  4.73
  4.96
  5.21
  5.47
  5.74
  6.03
  6.33
  6.65
  6.98
  7.33
  7.70
  8.08
  8.49
  8.91
  9.36
  9.82
  10.31
  10.83
  11.37
  11.94
  12.54
  13.16
  13.82
  14.51
  15.24
  16.00
  16.80
  17.64
  18.52
PV of cash for distribution, $m
 
  531
  759
  978
  1,180
  1,362
  1,520
  1,651
  1,754
  1,828
  1,871
  1,857
  1,844
  1,805
  1,740
  1,653
  1,548
  1,428
  1,298
  1,162
  1,023
  887
  755
  632
  519
  419
  331
  256
  194
  143
  103
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

Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company' segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring. The Global Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products used in the residential and commercial markets for both remodeling and new construction. The Flooring NA segment designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl. The Flooring ROW segment designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard (MDF), chipboards, and vinyl flooring products.

FINANCIAL RATIOS  of  Mohawk Industries (MHK)

Valuation Ratios
P/E Ratio 22.3
Price to Sales 2.3
Price to Book 3.6
Price to Tangible Book
Price to Cash Flow 15.6
Price to Free Cash Flow 31.6
Growth Rates
Sales Growth Rate 11%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 33.3%
Cap. Spend. - 3 Yr. Gr. Rate 12.9%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 19.5%
Total Debt to Equity 43.5%
Interest Coverage 23
Management Effectiveness
Return On Assets 9.6%
Ret/ On Assets - 3 Yr. Avg. 8.1%
Return On Total Capital 11.4%
Ret/ On T. Cap. - 3 Yr. Avg. 9.2%
Return On Equity 17.5%
Return On Equity - 3 Yr. Avg. 14.2%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 31.8%
Gross Margin - 3 Yr. Avg. 30.1%
EBITDA Margin 19.1%
EBITDA Margin - 3 Yr. Avg. 16%
Operating Margin 14.3%
Oper. Margin - 3 Yr. Avg. 11.5%
Pre-Tax Margin 13.9%
Pre-Tax Margin - 3 Yr. Avg. 10.5%
Net Profit Margin 10.4%
Net Profit Margin - 3 Yr. Avg. 8.3%
Effective Tax Rate 24.7%
Eff/ Tax Rate - 3 Yr. Avg. 20.7%
Payout Ratio 0%

MHK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MHK stock intrinsic value calculation we used $8959 million for the last fiscal year's total revenue generated by Mohawk Industries. The default revenue input number comes from 2016 income statement of Mohawk Industries. 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 MHK stock valuation model: a) initial revenue growth rate of 11% 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 4.5%, whose default value for MHK is calculated based on our internal credit rating of Mohawk Industries, 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 Mohawk Industries.
    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 MHK stock the variable cost ratio is equal to 50.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $3264 million in the base year in the intrinsic value calculation for MHK 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 Mohawk Industries.

Corporate tax rate of 27% is the nominal tax rate for Mohawk Industries. 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 MHK 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 MHK are equal to 46.3%.

Life of production assets of 15.7 years is the average useful life of capital assets used in Mohawk Industries 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 MHK is equal to 22.5%. 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 - $5776 million for Mohawk Industries - 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 74.411 million for Mohawk Industries 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 Mohawk Industries at the current share price and the inputted number of shares is $20.8 billion.

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COMPANY NEWS

▶ Mohawk Industries, Inc. to Host Earnings Call   [Oct-27-17 08:50AM  ACCESSWIRE]
▶ Mohawk Industries tops 3Q profit forecasts   [Oct-26-17 04:16PM  Associated Press]
▶ Mohawk Industries Reports Q3 Results   [04:05PM  CNW Group]
▶ How Credit Suisse Views Mohawk Industries   [09:11AM  Market Realist]
▶ Stocks With Rising Relative Strength: Mohawk Industries   [Sep-29-17 03:00AM  Investor's Business Daily]
▶ Mohawk Industries beats 2Q profit forecasts   [Jul-27-17 11:46PM  Associated Press]
▶ [$$] Mohawk's Momentum Is Growing   [May-06-17 12:01AM  Barrons.com]
▶ Leading Home Durables Cos. Report Q1 Results   [Apr-28-17 03:15PM  Investopedia]
▶ Mohawk Industries Reports Record Q1 Results   [Apr-27-17 05:13PM  PR Newswire]
▶ Mohawk Industries beats 1Q profit forecasts   [04:34PM  Associated Press]
▶ Mohawk Industries beats Street 4Q forecasts   [04:43PM  Associated Press]
Financial statements of MHK
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.

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