Intrinsic value of Model N - MODN

Previous Close

$13.60

  Intrinsic Value

$0.54

stock screener

  Rating & Target

str. sell

-96%

  Value-price divergence*

-86%

Previous close

$13.60

 
Intrinsic value

$0.54

 
Up/down potential

-96%

 
Rating

str. sell

 
Value-price divergence*

-86%

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

We calculate the intrinsic value of MODN 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 0.4

 

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, %
  13.83
  26.90
  24.71
  22.74
  20.97
  19.37
  17.93
  16.64
  15.47
  14.43
  13.48
  12.64
  11.87
  11.19
  10.57
  10.01
  9.51
  9.06
  8.65
  8.29
  7.96
  7.66
  7.40
  7.16
  6.94
  6.75
  6.57
  6.41
  6.27
  6.15
  6.03
Revenue, $m
  107
  136
  169
  208
  251
  300
  354
  413
  477
  545
  619
  697
  780
  867
  959
  1,055
  1,155
  1,260
  1,369
  1,482
  1,600
  1,723
  1,850
  1,983
  2,120
  2,263
  2,412
  2,567
  2,728
  2,896
  3,070
Variable operating expenses, $m
 
  164
  204
  250
  302
  361
  425
  496
  572
  655
  743
  836
  936
  1,040
  1,150
  1,265
  1,386
  1,511
  1,642
  1,778
  1,919
  2,067
  2,219
  2,378
  2,543
  2,715
  2,893
  3,079
  3,272
  3,473
  3,683
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
  140
  164
  204
  250
  302
  361
  425
  496
  572
  655
  743
  836
  936
  1,040
  1,150
  1,265
  1,386
  1,511
  1,642
  1,778
  1,919
  2,067
  2,219
  2,378
  2,543
  2,715
  2,893
  3,079
  3,272
  3,473
  3,683
Operating income, $m
  -33
  -28
  -34
  -42
  -51
  -61
  -71
  -83
  -96
  -109
  -124
  -139
  -156
  -173
  -191
  -210
  -230
  -251
  -273
  -296
  -319
  -344
  -369
  -395
  -423
  -451
  -481
  -512
  -544
  -578
  -612
EBITDA, $m
  -27
  -26
  -32
  -40
  -48
  -57
  -67
  -78
  -91
  -104
  -118
  -133
  -148
  -165
  -182
  -201
  -220
  -240
  -260
  -282
  -304
  -328
  -352
  -377
  -403
  -430
  -459
  -488
  -519
  -551
  -584
Interest expense (income), $m
  0
  0
  0
  1
  1
  2
  3
  3
  4
  5
  6
  7
  8
  9
  10
  12
  13
  14
  16
  17
  19
  20
  22
  24
  26
  28
  30
  32
  34
  36
  38
Earnings before tax, $m
  -33
  -28
  -35
  -43
  -52
  -62
  -74
  -86
  -100
  -114
  -130
  -146
  -164
  -182
  -202
  -222
  -243
  -266
  -289
  -313
  -338
  -364
  -391
  -419
  -449
  -479
  -511
  -544
  -578
  -614
  -651
Tax expense, $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
Net income, $m
  -33
  -28
  -35
  -43
  -52
  -62
  -74
  -86
  -100
  -114
  -130
  -146
  -164
  -182
  -202
  -222
  -243
  -266
  -289
  -313
  -338
  -364
  -391
  -419
  -449
  -479
  -511
  -544
  -578
  -614
  -651

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  66
  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
  113
  60
  74
  91
  110
  132
  155
  181
  209
  240
  272
  306
  343
  381
  421
  463
  507
  553
  601
  651
  703
  757
  813
  871
  931
  994
  1,059
  1,127
  1,198
  1,272
  1,348
Adjusted assets (=assets-cash), $m
  47
  60
  74
  91
  110
  132
  155
  181
  209
  240
  272
  306
  343
  381
  421
  463
  507
  553
  601
  651
  703
  757
  813
  871
  931
  994
  1,059
  1,127
  1,198
  1,272
  1,348
Revenue / Adjusted assets
  2.277
  2.267
  2.284
  2.286
  2.282
  2.273
  2.284
  2.282
  2.282
  2.271
  2.276
  2.278
  2.274
  2.276
  2.278
  2.279
  2.278
  2.278
  2.278
  2.276
  2.276
  2.276
  2.276
  2.277
  2.277
  2.277
  2.278
  2.278
  2.277
  2.277
  2.277
Average production assets, $m
  10
  13
  16
  19
  23
  28
  33
  38
  44
  51
  58
  65
  73
  81
  89
  98
  107
  117
  127
  138
  149
  160
  172
  184
  197
  210
  224
  239
  254
  269
  286
Working capital, $m
  49
  -14
  -17
  -21
  -25
  -30
  -35
  -41
  -48
  -55
  -62
  -70
  -78
  -87
  -96
  -105
  -116
  -126
  -137
  -148
  -160
  -172
  -185
  -198
  -212
  -226
  -241
  -257
  -273
  -290
  -307
Total debt, $m
  0
  7
  20
  35
  52
  72
  93
  116
  141
  169
  198
  229
  261
  296
  332
  370
  410
  451
  494
  539
  586
  634
  684
  737
  791
  848
  906
  968
  1,031
  1,098
  1,167
Total liabilities, $m
  47
  54
  67
  82
  99
  119
  140
  163
  188
  216
  245
  276
  308
  343
  379
  417
  457
  498
  541
  586
  633
  681
  731
  784
  838
  895
  953
  1,015
  1,078
  1,145
  1,214
Total equity, $m
  66
  6
  7
  9
  11
  13
  16
  18
  21
  24
  27
  31
  34
  38
  42
  46
  51
  55
  60
  65
  70
  76
  81
  87
  93
  99
  106
  113
  120
  127
  135
Total liabilities and equity, $m
  113
  60
  74
  91
  110
  132
  156
  181
  209
  240
  272
  307
  342
  381
  421
  463
  508
  553
  601
  651
  703
  757
  812
  871
  931
  994
  1,059
  1,128
  1,198
  1,272
  1,349
Debt-to-equity ratio
  0.000
  1.120
  2.680
  3.850
  4.740
  5.430
  5.980
  6.410
  6.750
  7.040
  7.270
  7.470
  7.630
  7.770
  7.880
  7.990
  8.070
  8.150
  8.220
  8.280
  8.330
  8.380
  8.420
  8.460
  8.500
  8.530
  8.560
  8.580
  8.610
  8.630
  8.650
Adjusted equity ratio
  0.000
  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
  -33
  -28
  -35
  -43
  -52
  -62
  -74
  -86
  -100
  -114
  -130
  -146
  -164
  -182
  -202
  -222
  -243
  -266
  -289
  -313
  -338
  -364
  -391
  -419
  -449
  -479
  -511
  -544
  -578
  -614
  -651
Depreciation, amort., depletion, $m
  6
  2
  2
  3
  3
  3
  4
  5
  5
  6
  6
  6
  7
  8
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  20
  21
  22
  24
  25
  27
  29
Funds from operations, $m
  -9
  -26
  -32
  -40
  -49
  -59
  -70
  -82
  -95
  -109
  -124
  -140
  -156
  -174
  -193
  -212
  -233
  -254
  -276
  -299
  -323
  -348
  -374
  -401
  -429
  -458
  -488
  -520
  -553
  -587
  -622
Change in working capital, $m
  3
  -3
  -3
  -4
  -4
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
Cash from operations, $m
  -12
  -23
  -29
  -36
  -45
  -54
  -64
  -76
  -88
  -102
  -116
  -132
  -148
  -165
  -184
  -203
  -223
  -243
  -265
  -288
  -311
  -336
  -361
  -388
  -415
  -444
  -473
  -504
  -536
  -570
  -605
Maintenance CAPEX, $m
  0
  -1
  -1
  -2
  -2
  -2
  -3
  -3
  -4
  -4
  -5
  -6
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
New CAPEX, $m
  -3
  -3
  -3
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
Cash from investing activities, $m
  -16
  -4
  -4
  -6
  -6
  -7
  -8
  -8
  -10
  -10
  -12
  -13
  -14
  -15
  -17
  -18
  -19
  -21
  -22
  -24
  -25
  -26
  -28
  -29
  -31
  -33
  -35
  -36
  -39
  -41
  -43
Free cash flow, $m
  -28
  -27
  -33
  -42
  -51
  -61
  -72
  -85
  -98
  -113
  -128
  -145
  -162
  -181
  -200
  -220
  -242
  -264
  -287
  -311
  -336
  -362
  -389
  -417
  -446
  -477
  -508
  -541
  -575
  -611
  -648
Issuance/(repayment) of debt, $m
  0
  7
  13
  15
  17
  19
  21
  23
  25
  27
  29
  31
  33
  34
  36
  38
  40
  41
  43
  45
  47
  48
  50
  52
  54
  57
  59
  61
  64
  66
  69
Issuance/(repurchase) of shares, $m
  3
  34
  36
  45
  54
  65
  76
  89
  103
  117
  133
  149
  167
  186
  206
  226
  248
  270
  294
  318
  343
  370
  397
  425
  455
  485
  517
  551
  585
  621
  658
Cash from financing (excl. dividends), $m  
  3
  41
  49
  60
  71
  84
  97
  112
  128
  144
  162
  180
  200
  220
  242
  264
  288
  311
  337
  363
  390
  418
  447
  477
  509
  542
  576
  612
  649
  687
  727
Total cash flow (excl. dividends), $m
  -25
  14
  16
  18
  21
  23
  25
  28
  30
  32
  34
  36
  38
  40
  42
  44
  46
  48
  50
  52
  54
  56
  58
  60
  63
  65
  68
  70
  73
  76
  80
Retained Cash Flow (-), $m
  17
  -34
  -36
  -45
  -54
  -65
  -76
  -89
  -103
  -117
  -133
  -149
  -167
  -186
  -206
  -226
  -248
  -270
  -294
  -318
  -343
  -370
  -397
  -425
  -455
  -485
  -517
  -551
  -585
  -621
  -658
Prev. year cash balance distribution, $m
 
  66
  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
 
  46
  -20
  -26
  -33
  -42
  -51
  -61
  -73
  -85
  -99
  -114
  -130
  -146
  -164
  -183
  -202
  -223
  -244
  -266
  -289
  -314
  -339
  -365
  -392
  -420
  -450
  -480
  -512
  -545
  -579
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
 
  44
  -18
  -23
  -28
  -32
  -37
  -41
  -46
  -49
  -52
  -54
  -55
  -56
  -55
  -54
  -51
  -48
  -45
  -41
  -37
  -32
  -28
  -24
  -20
  -16
  -13
  -10
  -8
  -6
  -4
Current shareholders' claim on cash, %
  100
  50.0
  24.2
  11.8
  5.8
  2.8
  1.4
  0.7
  0.3
  0.2
  0.1
  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
  0.0
  0.0
  0.0
  0.0
  0.0

Model N, Inc. provides revenue management cloud solutions for the life science and technology industries. The company develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. It offers Revenue Enterprise Cloud, a set of transactional applications that serve as a system of record for, and automate the execution of revenue management processes, such as pricing, contracting, compliance, incentive, and rebate management. This suite includes price management, deal management, contract management, incentive and rebate management, and regulatory compliance management applications. The company also provides Revenue Intelligence Cloud, a range of intelligence applications that provide the analytical tools insights to define and optimize revenue management strategies. In addition, it offers Revvy Revenue Management, a set of multi-tenant cloud applications, which provides customers with predictable pricing, elastic infrastructures, and ease of implementation for the pharmaceutical, manufacturing, medical devices, and semiconductor and component manufacturing industries. This suite includes products, such as configure, price, and quote; global price management; and sales. Further, the company provides implementation, managed, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. As of September 30, 2015, the company had 84 license and subscription customers. Model N, Inc. was founded in 1999 and is headquartered in Redwood City, California, with additional offices in the United States, India, the United Kingdom, and Switzerland.

FINANCIAL RATIOS  of  Model N (MODN)

Valuation Ratios
P/E Ratio -11.5
Price to Sales 3.5
Price to Book 5.7
Price to Tangible Book
Price to Cash Flow -31.6
Price to Free Cash Flow -25.3
Growth Rates
Sales Growth Rate 13.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -40%
Cap. Spend. - 3 Yr. Gr. Rate -9.7%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets -28.1%
Ret/ On Assets - 3 Yr. Avg. -20%
Return On Total Capital -44.3%
Ret/ On T. Cap. - 3 Yr. Avg. -30.2%
Return On Equity -44.3%
Return On Equity - 3 Yr. Avg. -30.2%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 49.5%
Gross Margin - 3 Yr. Avg. 52.8%
EBITDA Margin -25.2%
EBITDA Margin - 3 Yr. Avg. -21%
Operating Margin -30.8%
Oper. Margin - 3 Yr. Avg. -25.1%
Pre-Tax Margin -30.8%
Pre-Tax Margin - 3 Yr. Avg. -25.6%
Net Profit Margin -30.8%
Net Profit Margin - 3 Yr. Avg. -25.9%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. -1.8%
Payout Ratio 0%

MODN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MODN stock intrinsic value calculation we used $107 million for the last fiscal year's total revenue generated by Model N. The default revenue input number comes from 2016 income statement of Model N. 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 MODN stock valuation model: a) initial revenue growth rate of 26.9% 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 MODN is calculated based on our internal credit rating of Model N, 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 Model N.
    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 MODN stock the variable cost ratio is equal to 120.6%.

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 MODN 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 Model N.

Corporate tax rate of 27% is the nominal tax rate for Model N. 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 MODN 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 MODN are equal to 9.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Model N 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 MODN is equal to -10%. 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 - $66 million for Model N - 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 27.528 million for Model N 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 Model N at the current share price and the inputted number of shares is $0.4 billion.

RELATED COMPANIES Price Int.Val. Rating
ORCL Oracle 48.62 53.68  hold
VEEV Veeva Systems 63.12 59.67  hold
INOV Inovalon Holdi 12.95 13.97  hold
IBM International 139.70 167.94  hold
HSTM HealthStream 22.64 10.20  str.sell
PAYC Paycom Softwar 70.25 182.82  str.buy
SSNC SS&C Technolog 37.33 55.23  buy

COMPANY NEWS

▶ Model N reports 3Q loss   [Aug-08-17 09:29PM  Associated Press]
▶ Model N, Inc. Value Analysis (NYSE:MODN) : August 7, 2017   [Aug-07-17 06:12PM  Capital Cube]
▶ ETFs with exposure to Model N, Inc. : May 26, 2017   [May-26-17 01:17PM  Capital Cube]
▶ Model N to Present at J.P. Morgan Technology Conference   [May-17-17 04:15PM  Business Wire]
▶ ETFs with exposure to Model N, Inc. : May 15, 2017   [May-15-17 04:08PM  Capital Cube]
▶ Model N reports 2Q loss   [May-08-17 05:46PM  Associated Press]
▶ Model N to Present at Upcoming Investor Conferences   [Feb-23-17 04:15PM  Business Wire]
▶ Can The Uptrend Continue for Model N (MODN)?   [Feb-22-17 08:23AM  Zacks]
▶ 5 Breakout Stocks for Superior Returns   [Feb-10-17 08:49AM  Zacks]
▶ Model N reports 1Q loss   [Feb-06-17 04:38PM  AP]
▶ Model N to Present at J.P. Morgan Healthcare Conference   [Jan-09-17 04:15PM  Business Wire]
▶ Is Model N Inc (MODN) Worthy of Your Portfolio?   [Dec-14-16 05:51PM  at Insider Monkey]
▶ Model N Signs Definitive Agreement to Acquire Revitas   [Dec-12-16 05:28PM  Marketwired]
▶ Model N Announces New Revvy Products for Salesforce CPQ   [Nov-02-16 09:00AM  Marketwired]
▶ Model N reports 3Q loss   [Aug-08-16 05:57PM  AP]
Stock chart of MODN Financial statements of MODN
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.