Intrinsic value of Match Group - MTCH

Previous Close

$18.69

  Intrinsic Value

$31.31

stock screener

  Rating & Target

str. buy

+68%

  Value-price divergence*

+36%

Previous close

$18.69

 
Intrinsic value

$31.31

 
Up/down potential

+68%

 
Rating

str. buy

 
Value-price divergence*

+36%

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

We calculate the intrinsic value of MTCH 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 4.7

 

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, %
  19.90
  15.00
  14.00
  13.10
  12.29
  11.56
  10.90
  10.31
  9.78
  9.30
  8.87
  8.49
  8.14
  7.82
  7.54
  7.29
  7.06
  6.85
  6.67
  6.50
  6.35
  6.22
  6.09
  5.98
  5.89
  5.80
  5.72
  5.65
  5.58
  5.52
  5.47
Revenue, $m
  1,223
  1,406
  1,603
  1,813
  2,036
  2,272
  2,519
  2,779
  3,051
  3,335
  3,631
  3,939
  4,260
  4,593
  4,939
  5,299
  5,673
  6,062
  6,466
  6,887
  7,324
  7,780
  8,254
  8,748
  9,262
  9,799
  10,360
  10,945
  11,556
  12,194
  12,861
Variable operating expenses, $m
 
  605
  673
  745
  822
  903
  988
  1,078
  1,171
  1,269
  1,371
  1,357
  1,467
  1,582
  1,701
  1,825
  1,954
  2,088
  2,227
  2,372
  2,522
  2,679
  2,842
  3,013
  3,190
  3,375
  3,568
  3,769
  3,980
  4,199
  4,429
Fixed operating expenses, $m
 
  394
  403
  414
  424
  434
  445
  456
  468
  480
  492
  504
  516
  529
  543
  556
  570
  584
  599
  614
  629
  645
  661
  678
  695
  712
  730
  748
  767
  786
  805
Total operating expenses, $m
  917
  999
  1,076
  1,159
  1,246
  1,337
  1,433
  1,534
  1,639
  1,749
  1,863
  1,861
  1,983
  2,111
  2,244
  2,381
  2,524
  2,672
  2,826
  2,986
  3,151
  3,324
  3,503
  3,691
  3,885
  4,087
  4,298
  4,517
  4,747
  4,985
  5,234
Operating income, $m
  306
  408
  527
  655
  791
  934
  1,086
  1,245
  1,412
  1,586
  1,768
  2,079
  2,276
  2,482
  2,696
  2,918
  3,150
  3,390
  3,641
  3,901
  4,173
  4,455
  4,750
  5,057
  5,378
  5,713
  6,062
  6,428
  6,809
  7,209
  7,626
EBITDA, $m
  360
  541
  662
  791
  929
  1,074
  1,228
  1,390
  1,559
  1,736
  1,920
  2,113
  2,313
  2,521
  2,738
  2,964
  3,198
  3,442
  3,696
  3,960
  4,236
  4,522
  4,821
  5,133
  5,458
  5,797
  6,151
  6,522
  6,909
  7,314
  7,737
Interest expense (income), $m
  82
  81
  97
  114
  133
  152
  173
  195
  217
  241
  266
  292
  319
  347
  376
  406
  438
  471
  505
  540
  577
  615
  655
  696
  740
  785
  832
  881
  932
  985
  1,041
Earnings before tax, $m
  232
  327
  430
  540
  658
  782
  913
  1,050
  1,195
  1,345
  1,502
  1,787
  1,957
  2,135
  2,320
  2,512
  2,712
  2,920
  3,136
  3,361
  3,596
  3,840
  4,095
  4,361
  4,638
  4,928
  5,231
  5,547
  5,877
  6,223
  6,585
Tax expense, $m
  60
  88
  116
  146
  178
  211
  246
  284
  323
  363
  406
  482
  529
  576
  626
  678
  732
  788
  847
  908
  971
  1,037
  1,106
  1,177
  1,252
  1,331
  1,412
  1,498
  1,587
  1,680
  1,778
Net income, $m
  171
  239
  314
  394
  480
  571
  666
  767
  872
  982
  1,097
  1,304
  1,429
  1,559
  1,693
  1,834
  1,980
  2,131
  2,289
  2,454
  2,625
  2,803
  2,989
  3,183
  3,386
  3,597
  3,818
  4,049
  4,290
  4,543
  4,807

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  254
  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
  2,049
  2,121
  2,418
  2,735
  3,071
  3,426
  3,800
  4,192
  4,602
  5,030
  5,477
  5,941
  6,425
  6,928
  7,450
  7,993
  8,557
  9,144
  9,753
  10,387
  11,047
  11,734
  12,449
  13,194
  13,971
  14,781
  15,626
  16,508
  17,429
  18,392
  19,398
Adjusted assets (=assets-cash), $m
  1,795
  2,121
  2,418
  2,735
  3,071
  3,426
  3,800
  4,192
  4,602
  5,030
  5,477
  5,941
  6,425
  6,928
  7,450
  7,993
  8,557
  9,144
  9,753
  10,387
  11,047
  11,734
  12,449
  13,194
  13,971
  14,781
  15,626
  16,508
  17,429
  18,392
  19,398
Revenue / Adjusted assets
  0.681
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
  0.663
Average production assets, $m
  303
  347
  396
  448
  503
  561
  622
  686
  754
  824
  897
  973
  1,052
  1,134
  1,220
  1,309
  1,401
  1,497
  1,597
  1,701
  1,809
  1,922
  2,039
  2,161
  2,288
  2,420
  2,559
  2,703
  2,854
  3,012
  3,177
Working capital, $m
  176
  -90
  -103
  -116
  -130
  -145
  -161
  -178
  -195
  -213
  -232
  -252
  -273
  -294
  -316
  -339
  -363
  -388
  -414
  -441
  -469
  -498
  -528
  -560
  -593
  -627
  -663
  -700
  -740
  -780
  -823
Total debt, $m
  1,176
  1,408
  1,658
  1,924
  2,207
  2,506
  2,820
  3,149
  3,494
  3,854
  4,230
  4,621
  5,027
  5,450
  5,890
  6,346
  6,821
  7,314
  7,827
  8,360
  8,915
  9,492
  10,094
  10,720
  11,373
  12,054
  12,765
  13,507
  14,282
  15,092
  15,938
Total liabilities, $m
  1,552
  1,784
  2,034
  2,300
  2,583
  2,882
  3,196
  3,525
  3,870
  4,230
  4,606
  4,997
  5,403
  5,826
  6,266
  6,722
  7,197
  7,690
  8,203
  8,736
  9,291
  9,868
  10,470
  11,096
  11,749
  12,430
  13,141
  13,883
  14,658
  15,468
  16,314
Total equity, $m
  497
  337
  385
  435
  488
  545
  604
  667
  732
  800
  871
  945
  1,022
  1,101
  1,185
  1,271
  1,361
  1,454
  1,551
  1,652
  1,756
  1,866
  1,979
  2,098
  2,221
  2,350
  2,484
  2,625
  2,771
  2,924
  3,084
Total liabilities and equity, $m
  2,049
  2,121
  2,419
  2,735
  3,071
  3,427
  3,800
  4,192
  4,602
  5,030
  5,477
  5,942
  6,425
  6,927
  7,451
  7,993
  8,558
  9,144
  9,754
  10,388
  11,047
  11,734
  12,449
  13,194
  13,970
  14,780
  15,625
  16,508
  17,429
  18,392
  19,398
Debt-to-equity ratio
  2.366
  4.170
  4.310
  4.420
  4.520
  4.600
  4.670
  4.730
  4.780
  4.820
  4.860
  4.890
  4.920
  4.950
  4.970
  4.990
  5.010
  5.030
  5.050
  5.060
  5.080
  5.090
  5.100
  5.110
  5.120
  5.130
  5.140
  5.150
  5.150
  5.160
  5.170
Adjusted equity ratio
  0.135
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  171
  239
  314
  394
  480
  571
  666
  767
  872
  982
  1,097
  1,304
  1,429
  1,559
  1,693
  1,834
  1,980
  2,131
  2,289
  2,454
  2,625
  2,803
  2,989
  3,183
  3,386
  3,597
  3,818
  4,049
  4,290
  4,543
  4,807
Depreciation, amort., depletion, $m
  54
  133
  134
  136
  138
  140
  142
  145
  147
  149
  152
  34
  37
  40
  43
  46
  49
  52
  56
  59
  63
  67
  71
  75
  80
  84
  89
  94
  99
  105
  111
Funds from operations, $m
  241
  371
  448
  531
  618
  711
  809
  911
  1,019
  1,131
  1,249
  1,338
  1,466
  1,598
  1,736
  1,879
  2,028
  2,183
  2,345
  2,513
  2,688
  2,870
  3,060
  3,259
  3,466
  3,682
  3,907
  4,143
  4,390
  4,648
  4,918
Change in working capital, $m
  7
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -32
  -33
  -34
  -36
  -37
  -39
  -41
  -43
Cash from operations, $m
  234
  383
  461
  544
  633
  726
  825
  928
  1,036
  1,149
  1,268
  1,358
  1,486
  1,619
  1,758
  1,902
  2,052
  2,208
  2,371
  2,540
  2,716
  2,899
  3,091
  3,290
  3,499
  3,716
  3,943
  4,181
  4,429
  4,689
  4,960
Maintenance CAPEX, $m
  0
  -11
  -12
  -14
  -16
  -18
  -20
  -22
  -24
  -26
  -29
  -31
  -34
  -37
  -40
  -43
  -46
  -49
  -52
  -56
  -59
  -63
  -67
  -71
  -75
  -80
  -84
  -89
  -94
  -99
  -105
New CAPEX, $m
  -49
  -45
  -49
  -52
  -55
  -58
  -61
  -64
  -67
  -70
  -73
  -76
  -79
  -82
  -86
  -89
  -92
  -96
  -100
  -104
  -108
  -112
  -117
  -122
  -127
  -133
  -138
  -144
  -151
  -158
  -165
Cash from investing activities, $m
  -31
  -56
  -61
  -66
  -71
  -76
  -81
  -86
  -91
  -96
  -102
  -107
  -113
  -119
  -126
  -132
  -138
  -145
  -152
  -160
  -167
  -175
  -184
  -193
  -202
  -213
  -222
  -233
  -245
  -257
  -270
Free cash flow, $m
  203
  328
  400
  478
  562
  650
  744
  842
  945
  1,053
  1,166
  1,251
  1,373
  1,500
  1,633
  1,771
  1,914
  2,063
  2,219
  2,380
  2,549
  2,724
  2,907
  3,097
  3,296
  3,504
  3,721
  3,947
  4,184
  4,432
  4,691
Issuance/(repayment) of debt, $m
  -50
  232
  250
  266
  283
  299
  314
  330
  345
  360
  375
  391
  407
  423
  439
  457
  475
  493
  513
  533
  555
  577
  601
  627
  653
  681
  711
  742
  775
  810
  846
Issuance/(repurchase) of shares, $m
  10
  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  
  -32
  232
  250
  266
  283
  299
  314
  330
  345
  360
  375
  391
  407
  423
  439
  457
  475
  493
  513
  533
  555
  577
  601
  627
  653
  681
  711
  742
  775
  810
  846
Total cash flow (excl. dividends), $m
  165
  560
  650
  745
  845
  949
  1,058
  1,172
  1,290
  1,413
  1,541
  1,642
  1,780
  1,923
  2,072
  2,227
  2,389
  2,557
  2,731
  2,914
  3,103
  3,301
  3,508
  3,724
  3,949
  4,185
  4,431
  4,689
  4,959
  5,241
  5,537
Retained Cash Flow (-), $m
  -218
  -43
  -47
  -50
  -53
  -56
  -59
  -62
  -65
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -109
  -114
  -118
  -123
  -129
  -134
  -140
  -147
  -153
  -160
Prev. year cash balance distribution, $m
 
  203
  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
 
  719
  603
  694
  791
  893
  999
  1,109
  1,225
  1,345
  1,470
  1,568
  1,703
  1,843
  1,989
  2,141
  2,299
  2,463
  2,635
  2,813
  2,999
  3,192
  3,394
  3,605
  3,826
  4,056
  4,297
  4,549
  4,812
  5,088
  5,377
Discount rate, %
 
  8.00
  8.40
  8.82
  9.26
  9.72
  10.21
  10.72
  11.26
  11.82
  12.41
  13.03
  13.68
  14.37
  15.09
  15.84
  16.63
  17.46
  18.34
  19.25
  20.22
  21.23
  22.29
  23.40
  24.57
  25.80
  27.09
  28.45
  29.87
  31.36
  32.93
PV of cash for distribution, $m
 
  666
  513
  539
  555
  561
  557
  544
  522
  492
  456
  407
  365
  322
  278
  236
  196
  160
  127
  99
  75
  56
  41
  29
  20
  13
  8
  5
  3
  2
  1
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

Match Group, Inc. provides dating products. The company operates in two segments, Dating and Non-dating. It operates a portfolio of approximately 45 brands, including Match, OkCupid, PlentyOfFish, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet, and FriendScout24. The company offers its dating products through its Websites and applications in 38 languages approximately in 190 countries. It also provides various test preparation, academic tutoring, and college counseling services. The company was incorporated in 2009 and is headquartered in Dallas, Texas. Match Group, Inc. operates as a subsidiary of IAC/InterActiveCorp.

FINANCIAL RATIOS  of  Match Group (MTCH)

Valuation Ratios
P/E Ratio 27.9
Price to Sales 3.9
Price to Book 9.6
Price to Tangible Book
Price to Cash Flow 20.4
Price to Free Cash Flow 25.8
Growth Rates
Sales Growth Rate 19.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 69%
Cap. Spend. - 3 Yr. Gr. Rate 19.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0.6
LT Debt to Equity 236.6%
Total Debt to Equity 236.6%
Interest Coverage 4
Management Effectiveness
Return On Assets 11.7%
Ret/ On Assets - 3 Yr. Avg. 10.4%
Return On Total Capital 10.8%
Ret/ On T. Cap. - 3 Yr. Avg. 12%
Return On Equity 44.1%
Return On Equity - 3 Yr. Avg. 28.1%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 80.9%
Gross Margin - 3 Yr. Avg. 83.3%
EBITDA Margin 30.1%
EBITDA Margin - 3 Yr. Avg. 27.4%
Operating Margin 25%
Oper. Margin - 3 Yr. Avg. 23.2%
Pre-Tax Margin 19%
Pre-Tax Margin - 3 Yr. Avg. 20.3%
Net Profit Margin 14%
Net Profit Margin - 3 Yr. Avg. 14.1%
Effective Tax Rate 25.9%
Eff/ Tax Rate - 3 Yr. Avg. 30.1%
Payout Ratio 0%

MTCH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTCH stock intrinsic value calculation we used $1223 million for the last fiscal year's total revenue generated by Match Group. The default revenue input number comes from 2016 income statement of Match Group. 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 MTCH stock valuation model: a) initial revenue growth rate of 15% 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 8%, whose default value for MTCH is calculated based on our internal credit rating of Match Group, 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 Match Group.
    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 MTCH stock the variable cost ratio is equal to 44.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $384 million in the base year in the intrinsic value calculation for MTCH 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 6.9% for Match Group.

Corporate tax rate of 27% is the nominal tax rate for Match Group. 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 MTCH 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 MTCH are equal to 24.7%.

Life of production assets of 28.7 years is the average useful life of capital assets used in Match Group 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 MTCH is equal to -6.4%. 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 - $497 million for Match Group - 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 250.761 million for Match Group 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 Match Group at the current share price and the inputted number of shares is $4.7 billion.

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COMPANY NEWS

▶ Match Stock Ready to Reward Investors Who Waited   [Aug-18-17 03:50PM  TheStreet.com]
▶ Wall Street Really Hates Tinder   [Aug-17-17 09:20PM  TheStreet.com]
▶ [$$] Expedia, IAC, EBay: Best Online Stocks   [Aug-14-17 11:16AM  Barrons.com]
▶ Social Media Short Sellers Cant Make Up Their Minds   [Aug-10-17 09:45AM  24/7 Wall St.]
▶ Does Tinder Have Commitment Issues?   [12:51PM  Barrons.com]
▶ How Match Turned a Bad Date Around   [01:13PM  Barrons.com]
▶ Can Match Group Be a Dividend Stock?   [11:00AM  Motley Fool]
▶ Match Group misses Street 2Q forecasts   [12:19AM  Associated Press]
▶ Tinder-Parent Match Group Misses On Earnings, Sales   [Aug-01-17 06:58PM  Investor's Business Daily]
▶ ETFs with exposure to Match Group, Inc. : July 31, 2017   [Jul-31-17 04:56PM  Capital Cube]
▶ These 3 Top Techs Are Near Buys Before Earnings: Action Plan   [04:30PM  Investor's Business Daily]
▶ 5 Top Tech Stocks Near Buy Points Before Earnings This Week   [08:22AM  Investor's Business Daily]
▶ Grubhub, Tinder Parent Match Also Report Next Week   [Jul-28-17 10:16AM  Investor's Business Daily]
▶ Social Media Short Interest Leaps Forward   [10:40AM  24/7 Wall St.]
▶ Match Stock's On Fire as More Pay Up for Tinder   [Jul-18-17 05:40PM  Barrons.com]
▶ Here Comes a $600 Billion Valuation for Amazon   [Jul-17-17 04:31PM  TheStreet.com]
▶ Social Media Stocks Attract Short Sellers   [Jul-13-17 10:35AM  24/7 Wall St.]
▶ ETFs with exposure to Match Group, Inc. : July 10, 2017   [Jul-10-17 02:55PM  Capital Cube]
▶ eHarmony CEO shares dating tips on International Kissing Day   [Jul-06-17 10:50AM  Yahoo Finance Video]
▶ ETFs with exposure to Match Group, Inc. : June 27, 2017   [Jun-27-17 03:26PM  Capital Cube]
▶ ETFs with exposure to Match Group, Inc. : June 15, 2017   [Jun-15-17 02:38PM  Capital Cube]
▶ Short Sellers Run for Cover From Social Media Stocks   [Jun-12-17 10:40AM  24/7 Wall St.]
▶ IAC Interactive: Cramer's Top Takeaways   [Jun-09-17 06:25AM  TheStreet.com]
▶ [$$] IAC Stock Looks Cheap Despite Recent Rally   [May-26-17 07:54AM  Barrons.com]
▶ Social Media Short Sellers Grow More Selective   [May-25-17 10:40AM  24/7 Wall St.]
▶ Short Sellers Hedge Their Bets on Social Media Stocks   [May-10-17 10:55AM  24/7 Wall St.]
▶ [$$] IAC Fixes to Rise With Angie's List Deal   [May-05-17 03:14PM  Barrons.com]
▶ Tinder Has Big Plans for Artificial Intelligence   [May-03-17 06:23PM  Barrons.com]
▶ Match Group 1Q earnings miss street forecasts   [08:39AM  Associated Press]
▶ Match Group Earnings In Line, But Mobile Numbers Slowing   [May-02-17 04:41PM  Investor's Business Daily]
▶ Apple, Opticals, Drug Giants Headline Tuesday's Investing Action Plan   [May-01-17 04:52PM  Investor's Business Daily]
▶ Short Sellers Take Mixed Stance on Social Media Stocks   [Apr-26-17 11:00AM  24/7 Wall St.]
▶ How to Uncover Institutional Buying   [Apr-19-17 02:06PM  Zacks]
▶ 2 Things That Could Bring Down The Meet Group   [Apr-12-17 04:48PM  Motley Fool]
▶ Here's Why MeetMe Is Rebranding Its Parent Company   [Apr-06-17 05:27PM  Motley Fool]
▶ Investors: Consider a Relationship With Match   [Apr-05-17 01:35PM  TheStreet.com]
▶ Match Group Gets 'Overweight' Rating at Piper Jaffray   [Apr-04-17 11:35AM  TheStreet.com]
▶ Match Group Gets 'Overweight' Rating   [11:34AM  TheStreet.com]
▶ 3 Top Social Media Stocks to Buy in 2017   [Mar-25-17 05:00PM  Motley Fool]
▶ 3 Top Social Media Stocks to Buy in 2017   [05:00PM  at Motley Fool]
▶ Tinder Learns Some International Pick Up Lines   [Mar-22-17 01:21PM  at Barrons.com]
▶ Here's How Match Group Is Gearing Up for Long-Term Growth   [Mar-10-17 07:16PM  at Motley Fool]
Stock chart of MTCH Financial statements of MTCH
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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