Intrinsic value of Mettler-Toledo International - MTD

Previous Close

$600.90

  Intrinsic Value

$367.86

stock screener

  Rating & Target

sell

-39%

  Value-price divergence*

-32%

Previous close

$600.90

 
Intrinsic value

$367.86

 
Up/down potential

-39%

 
Rating

sell

 
Value-price divergence*

-32%

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

We calculate the intrinsic value of MTD 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 15.6

 

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, %
  4.72
  10.20
  9.68
  9.21
  8.79
  8.41
  8.07
  7.76
  7.49
  7.24
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.34
  5.30
  5.27
  5.24
Revenue, $m
  2,508
  2,764
  3,031
  3,311
  3,602
  3,905
  4,220
  4,547
  4,888
  5,242
  5,609
  5,991
  6,389
  6,802
  7,232
  7,680
  8,146
  8,632
  9,138
  9,666
  10,218
  10,793
  11,394
  12,022
  12,679
  13,365
  14,083
  14,835
  15,621
  16,445
  17,307
Variable operating expenses, $m
 
  1,756
  1,921
  2,094
  2,273
  2,461
  2,655
  2,858
  3,068
  3,287
  3,514
  3,703
  3,948
  4,204
  4,470
  4,746
  5,034
  5,335
  5,648
  5,974
  6,315
  6,670
  7,042
  7,430
  7,836
  8,260
  8,704
  9,168
  9,654
  10,163
  10,696
Fixed operating expenses, $m
 
  426
  437
  448
  459
  471
  482
  494
  507
  520
  533
  546
  559
  573
  588
  602
  618
  633
  649
  665
  682
  699
  716
  734
  752
  771
  791
  810
  831
  851
  873
Total operating expenses, $m
  2,004
  2,182
  2,358
  2,542
  2,732
  2,932
  3,137
  3,352
  3,575
  3,807
  4,047
  4,249
  4,507
  4,777
  5,058
  5,348
  5,652
  5,968
  6,297
  6,639
  6,997
  7,369
  7,758
  8,164
  8,588
  9,031
  9,495
  9,978
  10,485
  11,014
  11,569
Operating income, $m
  504
  582
  673
  769
  869
  973
  1,082
  1,195
  1,313
  1,435
  1,562
  1,743
  1,881
  2,025
  2,175
  2,331
  2,494
  2,664
  2,842
  3,027
  3,221
  3,424
  3,636
  3,858
  4,091
  4,334
  4,589
  4,856
  5,136
  5,430
  5,739
EBITDA, $m
  573
  675
  771
  871
  976
  1,085
  1,199
  1,317
  1,440
  1,569
  1,702
  1,841
  1,986
  2,136
  2,293
  2,457
  2,627
  2,806
  2,991
  3,186
  3,389
  3,601
  3,823
  4,055
  4,298
  4,553
  4,820
  5,099
  5,392
  5,700
  6,022
Interest expense (income), $m
  28
  33
  40
  47
  54
  62
  69
  78
  86
  95
  104
  114
  124
  134
  145
  156
  167
  180
  192
  205
  219
  233
  248
  264
  280
  297
  315
  334
  353
  374
  395
Earnings before tax, $m
  504
  548
  633
  722
  815
  912
  1,012
  1,117
  1,226
  1,340
  1,458
  1,629
  1,757
  1,891
  2,030
  2,175
  2,327
  2,485
  2,650
  2,822
  3,002
  3,191
  3,388
  3,594
  3,810
  4,037
  4,274
  4,523
  4,783
  5,057
  5,344
Tax expense, $m
  120
  148
  171
  195
  220
  246
  273
  302
  331
  362
  394
  440
  474
  511
  548
  587
  628
  671
  715
  762
  811
  861
  915
  970
  1,029
  1,090
  1,154
  1,221
  1,292
  1,365
  1,443
Net income, $m
  384
  400
  462
  527
  595
  665
  739
  816
  895
  978
  1,065
  1,189
  1,283
  1,380
  1,482
  1,588
  1,698
  1,814
  1,934
  2,060
  2,192
  2,329
  2,473
  2,624
  2,782
  2,947
  3,120
  3,302
  3,492
  3,691
  3,901

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  159
  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
  2,167
  2,213
  2,427
  2,651
  2,884
  3,126
  3,378
  3,641
  3,913
  4,197
  4,491
  4,797
  5,115
  5,446
  5,790
  6,149
  6,522
  6,911
  7,316
  7,739
  8,181
  8,641
  9,123
  9,625
  10,151
  10,701
  11,276
  11,877
  12,507
  13,166
  13,857
Adjusted assets (=assets-cash), $m
  2,008
  2,213
  2,427
  2,651
  2,884
  3,126
  3,378
  3,641
  3,913
  4,197
  4,491
  4,797
  5,115
  5,446
  5,790
  6,149
  6,522
  6,911
  7,316
  7,739
  8,181
  8,641
  9,123
  9,625
  10,151
  10,701
  11,276
  11,877
  12,507
  13,166
  13,857
Revenue / Adjusted assets
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
  1.249
Average production assets, $m
  682
  752
  825
  900
  980
  1,062
  1,148
  1,237
  1,329
  1,426
  1,526
  1,630
  1,738
  1,850
  1,967
  2,089
  2,216
  2,348
  2,486
  2,629
  2,779
  2,936
  3,099
  3,270
  3,449
  3,635
  3,831
  4,035
  4,249
  4,473
  4,708
Working capital, $m
  309
  185
  203
  222
  241
  262
  283
  305
  327
  351
  376
  401
  428
  456
  485
  515
  546
  578
  612
  648
  685
  723
  763
  805
  849
  895
  944
  994
  1,047
  1,102
  1,160
Total debt, $m
  894
  1,050
  1,232
  1,423
  1,622
  1,829
  2,044
  2,268
  2,500
  2,742
  2,993
  3,254
  3,525
  3,807
  4,101
  4,407
  4,725
  5,057
  5,403
  5,764
  6,140
  6,533
  6,944
  7,372
  7,821
  8,290
  8,780
  9,293
  9,831
  10,393
  10,982
Total liabilities, $m
  1,732
  1,888
  2,070
  2,261
  2,460
  2,667
  2,882
  3,106
  3,338
  3,580
  3,831
  4,092
  4,363
  4,645
  4,939
  5,245
  5,563
  5,895
  6,241
  6,602
  6,978
  7,371
  7,782
  8,210
  8,659
  9,128
  9,618
  10,131
  10,669
  11,231
  11,820
Total equity, $m
  435
  325
  357
  390
  424
  460
  497
  535
  575
  617
  660
  705
  752
  801
  851
  904
  959
  1,016
  1,075
  1,138
  1,203
  1,270
  1,341
  1,415
  1,492
  1,573
  1,658
  1,746
  1,839
  1,935
  2,037
Total liabilities and equity, $m
  2,167
  2,213
  2,427
  2,651
  2,884
  3,127
  3,379
  3,641
  3,913
  4,197
  4,491
  4,797
  5,115
  5,446
  5,790
  6,149
  6,522
  6,911
  7,316
  7,740
  8,181
  8,641
  9,123
  9,625
  10,151
  10,701
  11,276
  11,877
  12,508
  13,166
  13,857
Debt-to-equity ratio
  2.055
  3.230
  3.450
  3.650
  3.830
  3.980
  4.120
  4.240
  4.350
  4.440
  4.530
  4.610
  4.690
  4.760
  4.820
  4.880
  4.930
  4.980
  5.020
  5.070
  5.110
  5.140
  5.180
  5.210
  5.240
  5.270
  5.300
  5.320
  5.350
  5.370
  5.390
Adjusted equity ratio
  0.137
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147
  0.147

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  384
  400
  462
  527
  595
  665
  739
  816
  895
  978
  1,065
  1,189
  1,283
  1,380
  1,482
  1,588
  1,698
  1,814
  1,934
  2,060
  2,192
  2,329
  2,473
  2,624
  2,782
  2,947
  3,120
  3,302
  3,492
  3,691
  3,901
Depreciation, amort., depletion, $m
  69
  93
  97
  102
  107
  112
  117
  122
  128
  133
  140
  98
  105
  111
  119
  126
  133
  141
  150
  158
  167
  177
  187
  197
  208
  219
  231
  243
  256
  269
  284
Funds from operations, $m
  425
  493
  560
  629
  701
  777
  856
  938
  1,023
  1,112
  1,204
  1,287
  1,387
  1,492
  1,600
  1,714
  1,832
  1,955
  2,084
  2,218
  2,359
  2,506
  2,660
  2,821
  2,989
  3,166
  3,351
  3,545
  3,748
  3,961
  4,184
Change in working capital, $m
  -18
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  31
  33
  34
  35
  37
  39
  40
  42
  44
  46
  48
  50
  53
  55
  58
Cash from operations, $m
  443
  476
  542
  610
  682
  757
  835
  916
  1,000
  1,088
  1,179
  1,262
  1,361
  1,464
  1,572
  1,684
  1,801
  1,923
  2,050
  2,183
  2,322
  2,467
  2,620
  2,779
  2,945
  3,120
  3,303
  3,494
  3,695
  3,906
  4,127
Maintenance CAPEX, $m
  0
  -41
  -45
  -50
  -54
  -59
  -64
  -69
  -75
  -80
  -86
  -92
  -98
  -105
  -111
  -119
  -126
  -133
  -141
  -150
  -158
  -167
  -177
  -187
  -197
  -208
  -219
  -231
  -243
  -256
  -269
New CAPEX, $m
  -124
  -70
  -73
  -76
  -79
  -82
  -86
  -89
  -93
  -96
  -100
  -104
  -108
  -112
  -117
  -122
  -127
  -132
  -138
  -144
  -150
  -157
  -163
  -171
  -179
  -187
  -195
  -204
  -214
  -224
  -235
Cash from investing activities, $m
  -231
  -111
  -118
  -126
  -133
  -141
  -150
  -158
  -168
  -176
  -186
  -196
  -206
  -217
  -228
  -241
  -253
  -265
  -279
  -294
  -308
  -324
  -340
  -358
  -376
  -395
  -414
  -435
  -457
  -480
  -504
Free cash flow, $m
  212
  365
  424
  485
  549
  615
  685
  757
  833
  912
  994
  1,066
  1,155
  1,247
  1,343
  1,443
  1,548
  1,657
  1,771
  1,890
  2,014
  2,144
  2,279
  2,421
  2,570
  2,725
  2,888
  3,059
  3,238
  3,426
  3,623
Issuance/(repayment) of debt, $m
  312
  175
  183
  191
  199
  207
  215
  224
  233
  242
  251
  261
  271
  282
  294
  306
  318
  332
  346
  361
  376
  393
  410
  429
  448
  469
  490
  513
  537
  562
  589
Issuance/(repurchase) of shares, $m
  -475
  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  
  -146
  175
  183
  191
  199
  207
  215
  224
  233
  242
  251
  261
  271
  282
  294
  306
  318
  332
  346
  361
  376
  393
  410
  429
  448
  469
  490
  513
  537
  562
  589
Total cash flow (excl. dividends), $m
  60
  539
  606
  675
  747
  822
  900
  981
  1,066
  1,153
  1,245
  1,327
  1,426
  1,529
  1,637
  1,749
  1,866
  1,989
  2,117
  2,250
  2,390
  2,537
  2,690
  2,850
  3,018
  3,194
  3,379
  3,572
  3,775
  3,988
  4,212
Retained Cash Flow (-), $m
  145
  -30
  -31
  -33
  -34
  -36
  -37
  -39
  -40
  -42
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -62
  -65
  -68
  -71
  -74
  -77
  -81
  -85
  -88
  -93
  -97
  -102
Prev. year cash balance distribution, $m
 
  140
  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
 
  649
  575
  643
  713
  787
  863
  943
  1,025
  1,112
  1,201
  1,282
  1,379
  1,481
  1,586
  1,696
  1,811
  1,932
  2,057
  2,188
  2,325
  2,469
  2,619
  2,776
  2,941
  3,113
  3,294
  3,484
  3,683
  3,891
  4,110
Discount rate, %
 
  5.50
  5.78
  6.06
  6.37
  6.69
  7.02
  7.37
  7.74
  8.13
  8.53
  8.96
  9.41
  9.88
  10.37
  10.89
  11.43
  12.01
  12.61
  13.24
  13.90
  14.59
  15.32
  16.09
  16.89
  17.74
  18.62
  19.56
  20.53
  21.56
  22.64
PV of cash for distribution, $m
 
  615
  514
  539
  557
  569
  574
  573
  565
  550
  530
  499
  469
  435
  398
  360
  320
  281
  243
  206
  172
  141
  114
  90
  69
  53
  39
  28
  20
  14
  9
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

Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; reaction engineering and real-time analytic systems used in drug and chemical compound development; process analytics instruments used for in-line measurement in production processes; and end-of-line inspection systems used in production and packaging for food, pharmaceutical, and other industries. Its laboratory instruments include laboratory balances, liquid pipetting solutions, titrators, physical value analyzers, and thermal analysis systems, as well as other analytical instruments, such as moisture analyzers and density refractometers; and LabX, a PC-based laboratory embedded software platform. The company’s industrial solutions comprise industrial weighing instruments and terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, and product inspection systems. Its retail weighing solutions consist of multiple weighing and food labeling solutions, stand-alone scales, and networked scales and software for handling fresh goods, such as meats, vegetables, fruits, and cheeses. The company serves the life science industry covering pharmaceutical and biotechnology companies, and independent research organizations; food and beverage producers; food retailers; chemical, specialty chemical, and cosmetics companies; transportation and logistics, metals, and electronics industries; and the academic community. The company markets its products through its direct sales force and indirect distribution channels. Mettler-Toledo International Inc. was founded in 1991 and is based in Columbus, Ohio.

FINANCIAL RATIOS  of  Mettler-Toledo International (MTD)

Valuation Ratios
P/E Ratio 40.7
Price to Sales 6.2
Price to Book 35.9
Price to Tangible Book
Price to Cash Flow 35.3
Price to Free Cash Flow 49
Growth Rates
Sales Growth Rate 4.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 49.4%
Cap. Spend. - 3 Yr. Gr. Rate 8.6%
Financial Strength
Quick Ratio 8
Current Ratio 0
LT Debt to Equity 201.1%
Total Debt to Equity 205.5%
Interest Coverage 19
Management Effectiveness
Return On Assets 19.6%
Ret/ On Assets - 3 Yr. Avg. 18.5%
Return On Total Capital 30.7%
Ret/ On T. Cap. - 3 Yr. Avg. 29.2%
Return On Equity 75.7%
Return On Equity - 3 Yr. Avg. 56.9%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 57.3%
Gross Margin - 3 Yr. Avg. 56.1%
EBITDA Margin 24%
EBITDA Margin - 3 Yr. Avg. 22.8%
Operating Margin 20.1%
Oper. Margin - 3 Yr. Avg. 19.1%
Pre-Tax Margin 20.1%
Pre-Tax Margin - 3 Yr. Avg. 19.1%
Net Profit Margin 15.3%
Net Profit Margin - 3 Yr. Avg. 14.5%
Effective Tax Rate 23.8%
Eff/ Tax Rate - 3 Yr. Avg. 23.9%
Payout Ratio 0%

MTD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTD stock intrinsic value calculation we used $2508 million for the last fiscal year's total revenue generated by Mettler-Toledo International. The default revenue input number comes from 2016 income statement of Mettler-Toledo International. 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 MTD stock valuation model: a) initial revenue growth rate of 10.2% 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 5.5%, whose default value for MTD is calculated based on our internal credit rating of Mettler-Toledo International, 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 Mettler-Toledo International.
    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 MTD stock the variable cost ratio is equal to 63.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $416 million in the base year in the intrinsic value calculation for MTD 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 3.8% for Mettler-Toledo International.

Corporate tax rate of 27% is the nominal tax rate for Mettler-Toledo International. 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 MTD 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 MTD are equal to 27.2%.

Life of production assets of 16.6 years is the average useful life of capital assets used in Mettler-Toledo International 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 MTD is equal to 6.7%. 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 - $435 million for Mettler-Toledo International - 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 25.99 million for Mettler-Toledo International 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 Mettler-Toledo International at the current share price and the inputted number of shares is $15.6 billion.

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Stock chart of MTD Financial statements of MTD Annual reports of MTD
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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