Intrinsic value of Michaels Cos. - MIK

Previous Close

$20.48

  Intrinsic Value

$3.80

stock screener

  Rating & Target

str. sell

-81%

  Value-price divergence*

+111%

Previous close

$20.48

 
Intrinsic value

$3.80

 
Up/down potential

-81%

 
Rating

str. sell

 
Value-price divergence*

+111%

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

We calculate the intrinsic value of MIK 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 2017), $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 4.0

 

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, %
  5.78
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  4.52
  4.57
  4.61
  4.65
  4.69
  4.72
  4.75
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
Revenue, $m
  5,197
  5,410
  5,637
  5,878
  6,133
  6,403
  6,689
  6,992
  7,311
  7,649
  8,004
  8,379
  8,775
  9,191
  9,630
  10,091
  10,577
  11,088
  11,626
  12,192
  12,787
  13,412
  14,069
  14,760
  15,487
  16,250
  17,052
  17,894
  18,780
  19,710
  20,687
Variable operating expenses, $m
 
  4,625
  4,818
  5,024
  5,241
  5,472
  5,716
  5,974
  6,246
  6,534
  6,837
  7,145
  7,482
  7,837
  8,211
  8,605
  9,019
  9,455
  9,914
  10,396
  10,903
  11,437
  11,997
  12,586
  13,206
  13,856
  14,540
  15,259
  16,014
  16,807
  17,640
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
  4,489
  4,625
  4,818
  5,024
  5,241
  5,472
  5,716
  5,974
  6,246
  6,534
  6,837
  7,145
  7,482
  7,837
  8,211
  8,605
  9,019
  9,455
  9,914
  10,396
  10,903
  11,437
  11,997
  12,586
  13,206
  13,856
  14,540
  15,259
  16,014
  16,807
  17,640
Operating income, $m
  708
  785
  818
  854
  891
  931
  973
  1,018
  1,065
  1,115
  1,167
  1,234
  1,292
  1,354
  1,418
  1,486
  1,558
  1,633
  1,712
  1,796
  1,883
  1,975
  2,072
  2,174
  2,281
  2,393
  2,512
  2,636
  2,766
  2,903
  3,047
EBITDA, $m
  824
  839
  874
  912
  951
  993
  1,037
  1,084
  1,134
  1,186
  1,241
  1,300
  1,361
  1,425
  1,493
  1,565
  1,640
  1,720
  1,803
  1,891
  1,983
  2,080
  2,182
  2,289
  2,402
  2,520
  2,645
  2,775
  2,913
  3,057
  3,208
Interest expense (income), $m
  113
  113
  38
  41
  45
  49
  53
  57
  62
  67
  72
  77
  83
  89
  95
  102
  109
  117
  124
  133
  141
  150
  160
  170
  180
  191
  203
  215
  228
  242
  256
Earnings before tax, $m
  582
  672
  781
  813
  847
  882
  920
  961
  1,003
  1,048
  1,095
  1,157
  1,209
  1,265
  1,323
  1,384
  1,449
  1,517
  1,588
  1,663
  1,742
  1,825
  1,912
  2,004
  2,101
  2,202
  2,308
  2,420
  2,538
  2,661
  2,791
Tax expense, $m
  204
  181
  211
  219
  229
  238
  249
  259
  271
  283
  296
  312
  327
  341
  357
  374
  391
  409
  429
  449
  470
  493
  516
  541
  567
  595
  623
  653
  685
  719
  754
Net income, $m
  378
  491
  570
  593
  618
  644
  672
  701
  732
  765
  799
  845
  883
  923
  966
  1,010
  1,058
  1,107
  1,159
  1,214
  1,272
  1,332
  1,396
  1,463
  1,533
  1,607
  1,685
  1,767
  1,853
  1,943
  2,038

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  299
  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
  2,148
  2,236
  2,330
  2,430
  2,535
  2,647
  2,765
  2,890
  3,022
  3,162
  3,309
  3,464
  3,627
  3,800
  3,981
  4,172
  4,373
  4,584
  4,806
  5,040
  5,286
  5,544
  5,816
  6,102
  6,402
  6,718
  7,049
  7,397
  7,763
  8,148
  8,552
Adjusted assets (=assets-cash), $m
  1,849
  2,236
  2,330
  2,430
  2,535
  2,647
  2,765
  2,890
  3,022
  3,162
  3,309
  3,464
  3,627
  3,800
  3,981
  4,172
  4,373
  4,584
  4,806
  5,040
  5,286
  5,544
  5,816
  6,102
  6,402
  6,718
  7,049
  7,397
  7,763
  8,148
  8,552
Revenue / Adjusted assets
  2.811
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
  2.419
Average production assets, $m
  408
  422
  440
  458
  478
  499
  522
  545
  570
  597
  624
  654
  684
  717
  751
  787
  825
  865
  907
  951
  997
  1,046
  1,097
  1,151
  1,208
  1,267
  1,330
  1,396
  1,465
  1,537
  1,614
Working capital, $m
  519
  260
  271
  282
  294
  307
  321
  336
  351
  367
  384
  402
  421
  441
  462
  484
  508
  532
  558
  585
  614
  644
  675
  708
  743
  780
  818
  859
  901
  946
  993
Total debt, $m
  2,754
  921
  1,005
  1,095
  1,190
  1,290
  1,397
  1,509
  1,628
  1,754
  1,886
  2,026
  2,173
  2,328
  2,491
  2,663
  2,843
  3,034
  3,234
  3,444
  3,665
  3,898
  4,143
  4,400
  4,670
  4,954
  5,252
  5,566
  5,895
  6,241
  6,605
Total liabilities, $m
  3,846
  2,013
  2,097
  2,187
  2,282
  2,382
  2,489
  2,601
  2,720
  2,846
  2,978
  3,118
  3,265
  3,420
  3,583
  3,755
  3,935
  4,126
  4,326
  4,536
  4,757
  4,990
  5,235
  5,492
  5,762
  6,046
  6,344
  6,658
  6,987
  7,333
  7,697
Total equity, $m
  -1,698
  224
  233
  243
  254
  265
  277
  289
  302
  316
  331
  346
  363
  380
  398
  417
  437
  458
  481
  504
  529
  554
  582
  610
  640
  672
  705
  740
  776
  815
  855
Total liabilities and equity, $m
  2,148
  2,237
  2,330
  2,430
  2,536
  2,647
  2,766
  2,890
  3,022
  3,162
  3,309
  3,464
  3,628
  3,800
  3,981
  4,172
  4,372
  4,584
  4,807
  5,040
  5,286
  5,544
  5,817
  6,102
  6,402
  6,718
  7,049
  7,398
  7,763
  8,148
  8,552
Debt-to-equity ratio
  -1.622
  4.120
  4.310
  4.510
  4.690
  4.870
  5.050
  5.220
  5.390
  5.550
  5.700
  5.850
  5.990
  6.130
  6.260
  6.380
  6.500
  6.620
  6.730
  6.830
  6.930
  7.030
  7.120
  7.210
  7.290
  7.370
  7.450
  7.520
  7.590
  7.660
  7.720
Adjusted equity ratio
  -1.080
  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
  378
  491
  570
  593
  618
  644
  672
  701
  732
  765
  799
  845
  883
  923
  966
  1,010
  1,058
  1,107
  1,159
  1,214
  1,272
  1,332
  1,396
  1,463
  1,533
  1,607
  1,685
  1,767
  1,853
  1,943
  2,038
Depreciation, amort., depletion, $m
  116
  54
  56
  58
  60
  62
  64
  66
  69
  72
  74
  65
  68
  72
  75
  79
  83
  86
  91
  95
  100
  105
  110
  115
  121
  127
  133
  140
  146
  154
  161
Funds from operations, $m
  610
  545
  626
  651
  678
  706
  736
  768
  801
  837
  874
  910
  951
  995
  1,041
  1,089
  1,140
  1,194
  1,250
  1,309
  1,371
  1,437
  1,506
  1,578
  1,654
  1,734
  1,818
  1,906
  1,999
  2,097
  2,199
Change in working capital, $m
  46
  10
  11
  12
  12
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  33
  35
  37
  38
  40
  42
  45
  47
Cash from operations, $m
  564
  534
  615
  639
  665
  693
  722
  753
  786
  820
  857
  892
  932
  975
  1,020
  1,067
  1,117
  1,169
  1,224
  1,282
  1,343
  1,407
  1,474
  1,545
  1,619
  1,698
  1,780
  1,866
  1,957
  2,052
  2,152
Maintenance CAPEX, $m
  0
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -62
  -65
  -68
  -72
  -75
  -79
  -83
  -86
  -91
  -95
  -100
  -105
  -110
  -115
  -121
  -127
  -133
  -140
  -146
  -154
New CAPEX, $m
  -114
  -14
  -18
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -46
  -49
  -51
  -54
  -57
  -60
  -63
  -66
  -69
  -73
  -76
Cash from investing activities, $m
  -267
  -55
  -60
  -63
  -66
  -69
  -72
  -76
  -80
  -83
  -88
  -91
  -96
  -100
  -106
  -111
  -117
  -123
  -128
  -135
  -141
  -149
  -156
  -164
  -172
  -181
  -190
  -199
  -209
  -219
  -230
Free cash flow, $m
  297
  479
  555
  577
  600
  624
  650
  677
  706
  737
  769
  800
  836
  874
  914
  956
  1,000
  1,047
  1,096
  1,147
  1,201
  1,258
  1,318
  1,381
  1,448
  1,517
  1,590
  1,667
  1,748
  1,833
  1,922
Issuance/(repayment) of debt, $m
  -19
  -1,833
  84
  90
  95
  101
  106
  113
  119
  125
  132
  140
  147
  155
  163
  172
  181
  190
  200
  210
  221
  233
  245
  257
  270
  284
  298
  314
  329
  346
  364
Issuance/(repurchase) of shares, $m
  -388
  1,431
  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  
  -408
  -402
  84
  90
  95
  101
  106
  113
  119
  125
  132
  140
  147
  155
  163
  172
  181
  190
  200
  210
  221
  233
  245
  257
  270
  284
  298
  314
  329
  346
  364
Total cash flow (excl. dividends), $m
  -111
  77
  639
  666
  695
  725
  756
  790
  825
  862
  902
  940
  983
  1,029
  1,077
  1,128
  1,181
  1,237
  1,296
  1,358
  1,423
  1,491
  1,563
  1,638
  1,718
  1,801
  1,889
  1,981
  2,077
  2,179
  2,286
Retained Cash Flow (-), $m
  -26
  -1,922
  -9
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
  -32
  -33
  -35
  -37
  -38
  -40
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
 
  -1,845
  630
  656
  684
  714
  745
  777
  812
  849
  887
  924
  967
  1,012
  1,059
  1,109
  1,161
  1,216
  1,274
  1,334
  1,398
  1,465
  1,536
  1,610
  1,688
  1,770
  1,856
  1,946
  2,041
  2,140
  2,245
Discount rate, %
 
  13.20
  13.86
  14.55
  15.28
  16.04
  16.85
  17.69
  18.57
  19.50
  20.48
  21.50
  22.58
  23.71
  24.89
  26.14
  27.44
  28.81
  30.25
  31.77
  33.36
  35.02
  36.77
  38.61
  40.54
  42.57
  44.70
  46.93
  49.28
  51.75
  54.33
PV of cash for distribution, $m
 
  -1,629
  486
  437
  387
  339
  293
  249
  208
  171
  138
  108
  84
  64
  47
  34
  24
  16
  11
  7
  4
  3
  2
  1
  0
  0
  0
  0
  0
  0
  0
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

The Michaels Companies, Inc. owns and operates a chain of arts and crafts specialty retail stores under the Michaels and Aaron Brothers names in North America. Its Michaels stores offer approximately 35,000 stock-keeping units in crafts, home décor and seasonal, framing, and paper crafting. The company’s Aaron Brothers stores offer approximately 6,000 stock-keeping units, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing. It also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist’s Loft, Craft Smart, and Loops & Threads. In addition, the company manufactures custom and specialty framing merchandise; and distributes gifts and decor products. As of June 30, 2016, it operated 1,356 stores under the Michaels, Aaron Brothers, and Pat Catan’s brands in 49 states in the United States, as well as in and Canada. The company was founded in 2013 and is headquartered in Irving, Texas.

FINANCIAL RATIOS  of  Michaels Cos. (MIK)

Valuation Ratios
P/E Ratio 10.5
Price to Sales 0.8
Price to Book -2.3
Price to Tangible Book
Price to Cash Flow 7
Price to Free Cash Flow 8.8
Growth Rates
Sales Growth Rate 5.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8.1%
Cap. Spend. - 3 Yr. Gr. Rate 0.4%
Financial Strength
Quick Ratio 10
Current Ratio 0
LT Debt to Equity -160.4%
Total Debt to Equity -162.2%
Interest Coverage 6
Management Effectiveness
Return On Assets 21.6%
Ret/ On Assets - 3 Yr. Avg. 19.7%
Return On Total Capital 36%
Ret/ On T. Cap. - 3 Yr. Avg. 36.4%
Return On Equity -22.1%
Return On Equity - 3 Yr. Avg. -18.6%
Asset Turnover 2.5
Profitability Ratios
Gross Margin 39%
Gross Margin - 3 Yr. Avg. 39.7%
EBITDA Margin 15.6%
EBITDA Margin - 3 Yr. Avg. 14.5%
Operating Margin 13.6%
Oper. Margin - 3 Yr. Avg. 14.2%
Pre-Tax Margin 11.2%
Pre-Tax Margin - 3 Yr. Avg. 11.5%
Net Profit Margin 7.3%
Net Profit Margin - 3 Yr. Avg. 7.4%
Effective Tax Rate 35.1%
Eff/ Tax Rate - 3 Yr. Avg. 36%
Payout Ratio 0%

MIK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MIK stock intrinsic value calculation we used $5197 million for the last fiscal year's total revenue generated by Michaels Cos.. The default revenue input number comes from 2017 income statement of Michaels Cos.. 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 MIK stock valuation model: a) initial revenue growth rate of 4.1% 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 13.2%, whose default value for MIK is calculated based on our internal credit rating of Michaels Cos., 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 Michaels Cos..
    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 MIK stock the variable cost ratio is equal to 85.5%.

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 MIK 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 4.1% for Michaels Cos..

Corporate tax rate of 27% is the nominal tax rate for Michaels Cos.. 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 MIK 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 MIK are equal to 7.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Michaels Cos. 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 MIK is equal to 4.8%. 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 - $-1698 million for Michaels Cos. - 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 194.978 million for Michaels Cos. 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 Michaels Cos. at the current share price and the inputted number of shares is $4.0 billion.

RELATED COMPANIES Price Int.Val. Rating
PRTY Party City Hol 13.85 19.64  buy
BBW Build-A-Bear W 8.85 12.33  hold
AMZN Amazon.com 978.18 870.28  hold
HD Home Depot 152.25 107.85  sell

COMPANY NEWS

▶ Story Stocks from Briefing.com   [09:25AM  Briefing.com]
▶ ETFs with exposure to Michaels Cos., Inc. : June 9, 2017   [Jun-09-17 01:45PM  Capital Cube]
▶ Company News for June 07, 2017   [10:34AM  Zacks]
▶ Stocks slip as investors weigh global risks   [09:19AM  Yahoo Finance]
▶ Michaels misses Street 1Q forecasts   [07:12AM  Associated Press]
▶ ETFs with exposure to Michaels Cos., Inc. : May 8, 2017   [May-08-17 04:56PM  Capital Cube]
▶ Top Ranked Growth Stocks to Buy for April 17th   [Apr-17-17 10:46AM  Zacks]
▶ U.S. Retail Sales Slid in March   [05:15AM  Investopedia]
▶ Top Ranked Growth Stocks to Buy for April 10th   [Apr-10-17 10:04AM  Zacks]
▶ ETFs with exposure to Michaels Cos., Inc. : April 5, 2017   [Apr-05-17 05:05PM  Capital Cube]
▶ Top Ranked Growth Stocks to Buy for March 29th   [Mar-29-17 10:05AM  Zacks]
▶ Stocks Fall for Day Two as Trump Targets Health Care Sector   [Mar-07-17 04:05PM  TheStreet.com]
▶ Stocks to Watch: Snap, Michaels, Dick's, Navistar   [09:31AM  at The Wall Street Journal]
▶ Etsy's New 'Studio' Could Pay Off   [Feb-15-17 12:41PM  at Barrons.com]
▶ Etsy CEO Dickerson Explains Hive of Hadoop, Machine Learning   [Feb-14-17 05:00PM  at Barrons.com]
▶ How Weingarten Realty Investors (WRI) Stacks Up Against Its Peers   [Dec-18-16 01:49PM  at Insider Monkey]
▶ Stocks to Watch: Michaels, Intralinks, AutoZone   [09:32AM  at The Wall Street Journal]
Stock chart of MIK Financial statements of MIK
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.