Intrinsic value of MagnaChip Semiconductor - MX

Previous Close

$10.85

  Intrinsic Value

$8.77

stock screener

  Rating & Target

hold

-19%

  Value-price divergence*

0%

Previous close

$10.85

 
Intrinsic value

$8.77

 
Up/down potential

-19%

 
Rating

hold

 
Value-price divergence*

0%

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

We calculate the intrinsic value of MX 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, %
  8.52
  9.50
  9.05
  8.64
  8.28
  7.95
  7.66
  7.39
  7.15
  6.94
  6.74
  6.57
  6.41
  6.27
  6.14
  6.03
  5.93
  5.83
  5.75
  5.68
  5.61
  5.55
  5.49
  5.44
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
Revenue, $m
  688
  753
  822
  893
  966
  1,043
  1,123
  1,206
  1,293
  1,382
  1,475
  1,572
  1,673
  1,778
  1,887
  2,001
  2,120
  2,243
  2,372
  2,507
  2,648
  2,794
  2,948
  3,108
  3,276
  3,452
  3,635
  3,828
  4,029
  4,240
  4,461
Variable operating expenses, $m
 
  161
  176
  191
  207
  223
  240
  258
  277
  296
  316
  336
  358
  381
  404
  428
  454
  480
  508
  536
  567
  598
  631
  665
  701
  739
  778
  819
  862
  907
  955
Fixed operating expenses, $m
 
  570
  584
  599
  614
  629
  645
  661
  677
  694
  712
  730
  748
  766
  786
  805
  825
  846
  867
  889
  911
  934
  957
  981
  1,006
  1,031
  1,057
  1,083
  1,110
  1,138
  1,166
Total operating expenses, $m
  685
  731
  760
  790
  821
  852
  885
  919
  954
  990
  1,028
  1,066
  1,106
  1,147
  1,190
  1,233
  1,279
  1,326
  1,375
  1,425
  1,478
  1,532
  1,588
  1,646
  1,707
  1,770
  1,835
  1,902
  1,972
  2,045
  2,121
Operating income, $m
  3
  22
  62
  103
  146
  191
  238
  287
  338
  392
  448
  506
  567
  631
  698
  768
  841
  917
  997
  1,082
  1,170
  1,263
  1,360
  1,462
  1,569
  1,682
  1,801
  1,926
  2,057
  2,195
  2,340
EBITDA, $m
  28
  43
  84
  127
  172
  220
  269
  320
  374
  430
  488
  549
  613
  680
  750
  822
  899
  979
  1,062
  1,150
  1,242
  1,339
  1,441
  1,547
  1,659
  1,777
  1,901
  2,031
  2,167
  2,311
  2,462
Interest expense (income), $m
  15
  15
  10
  12
  15
  18
  21
  24
  27
  31
  34
  38
  42
  46
  50
  54
  59
  63
  68
  73
  79
  84
  90
  96
  102
  109
  116
  123
  131
  138
  147
Earnings before tax, $m
  -26
  7
  52
  90
  131
  173
  217
  263
  311
  361
  414
  468
  525
  585
  648
  713
  782
  854
  929
  1,008
  1,091
  1,178
  1,270
  1,366
  1,467
  1,573
  1,685
  1,803
  1,926
  2,057
  2,193
Tax expense, $m
  4
  2
  14
  24
  35
  47
  59
  71
  84
  98
  112
  126
  142
  158
  175
  193
  211
  231
  251
  272
  295
  318
  343
  369
  396
  425
  455
  487
  520
  555
  592
Net income, $m
  -30
  5
  38
  66
  95
  126
  158
  192
  227
  264
  302
  342
  384
  427
  473
  521
  571
  623
  678
  736
  797
  860
  927
  997
  1,071
  1,149
  1,230
  1,316
  1,406
  1,501
  1,601

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  83
  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
  442
  484
  528
  573
  621
  670
  721
  775
  830
  888
  948
  1,010
  1,075
  1,142
  1,212
  1,285
  1,361
  1,441
  1,524
  1,610
  1,700
  1,795
  1,893
  1,996
  2,104
  2,217
  2,335
  2,458
  2,588
  2,723
  2,865
Adjusted assets (=assets-cash), $m
  359
  484
  528
  573
  621
  670
  721
  775
  830
  888
  948
  1,010
  1,075
  1,142
  1,212
  1,285
  1,361
  1,441
  1,524
  1,610
  1,700
  1,795
  1,893
  1,996
  2,104
  2,217
  2,335
  2,458
  2,588
  2,723
  2,865
Revenue / Adjusted assets
  1.916
  1.556
  1.557
  1.558
  1.556
  1.557
  1.558
  1.556
  1.558
  1.556
  1.556
  1.556
  1.556
  1.557
  1.557
  1.557
  1.558
  1.557
  1.556
  1.557
  1.558
  1.557
  1.557
  1.557
  1.557
  1.557
  1.557
  1.557
  1.557
  1.557
  1.557
Average production assets, $m
  189
  206
  225
  245
  265
  286
  308
  331
  354
  379
  404
  431
  458
  487
  517
  548
  581
  615
  650
  687
  725
  766
  808
  852
  898
  946
  996
  1,049
  1,104
  1,162
  1,222
Working capital, $m
  90
  8
  8
  9
  10
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  24
  25
  26
  28
  29
  31
  33
  35
  36
  38
  40
  42
  45
Total debt, $m
  221
  142
  182
  223
  266
  310
  356
  404
  454
  506
  560
  616
  674
  735
  798
  864
  932
  1,004
  1,078
  1,156
  1,237
  1,322
  1,411
  1,504
  1,601
  1,702
  1,808
  1,920
  2,036
  2,158
  2,286
Total liabilities, $m
  514
  435
  475
  516
  559
  603
  649
  697
  747
  799
  853
  909
  967
  1,028
  1,091
  1,157
  1,225
  1,297
  1,371
  1,449
  1,530
  1,615
  1,704
  1,797
  1,894
  1,995
  2,101
  2,213
  2,329
  2,451
  2,579
Total equity, $m
  -72
  48
  53
  57
  62
  67
  72
  77
  83
  89
  95
  101
  107
  114
  121
  129
  136
  144
  152
  161
  170
  179
  189
  200
  210
  222
  233
  246
  259
  272
  287
Total liabilities and equity, $m
  442
  483
  528
  573
  621
  670
  721
  774
  830
  888
  948
  1,010
  1,074
  1,142
  1,212
  1,286
  1,361
  1,441
  1,523
  1,610
  1,700
  1,794
  1,893
  1,997
  2,104
  2,217
  2,334
  2,459
  2,588
  2,723
  2,866
Debt-to-equity ratio
  -3.069
  2.940
  3.450
  3.890
  4.280
  4.630
  4.940
  5.220
  5.470
  5.700
  5.910
  6.100
  6.270
  6.430
  6.580
  6.720
  6.850
  6.970
  7.080
  7.180
  7.280
  7.370
  7.450
  7.530
  7.610
  7.680
  7.750
  7.810
  7.870
  7.920
  7.980
Adjusted equity ratio
  -0.432
  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
  -30
  5
  38
  66
  95
  126
  158
  192
  227
  264
  302
  342
  384
  427
  473
  521
  571
  623
  678
  736
  797
  860
  927
  997
  1,071
  1,149
  1,230
  1,316
  1,406
  1,501
  1,601
Depreciation, amort., depletion, $m
  25
  21
  23
  24
  26
  29
  31
  33
  35
  38
  40
  43
  46
  49
  52
  55
  58
  61
  65
  69
  73
  77
  81
  85
  90
  95
  100
  105
  110
  116
  122
Funds from operations, $m
  -10
  26
  60
  90
  122
  155
  189
  225
  262
  302
  342
  385
  429
  476
  525
  576
  629
  685
  743
  805
  869
  937
  1,008
  1,082
  1,161
  1,243
  1,330
  1,421
  1,517
  1,617
  1,723
Change in working capital, $m
  -18
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  2
  2
Cash from operations, $m
  8
  25
  60
  90
  121
  154
  188
  224
  262
  301
  341
  384
  428
  475
  524
  574
  628
  684
  742
  803
  868
  935
  1,006
  1,081
  1,159
  1,241
  1,328
  1,419
  1,515
  1,615
  1,721
Maintenance CAPEX, $m
  0
  -19
  -21
  -23
  -24
  -26
  -29
  -31
  -33
  -35
  -38
  -40
  -43
  -46
  -49
  -52
  -55
  -58
  -61
  -65
  -69
  -73
  -77
  -81
  -85
  -90
  -95
  -100
  -105
  -110
  -116
New CAPEX, $m
  -20
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -31
  -32
  -34
  -35
  -37
  -39
  -40
  -42
  -44
  -46
  -48
  -50
  -53
  -55
  -58
  -61
Cash from investing activities, $m
  -16
  -37
  -40
  -42
  -44
  -47
  -51
  -54
  -57
  -60
  -64
  -67
  -71
  -75
  -79
  -83
  -87
  -92
  -96
  -102
  -108
  -113
  -119
  -125
  -131
  -138
  -145
  -153
  -160
  -168
  -177
Free cash flow, $m
  -8
  -12
  20
  48
  76
  107
  138
  171
  205
  241
  278
  317
  358
  400
  445
  492
  540
  592
  645
  702
  761
  823
  888
  956
  1,028
  1,104
  1,183
  1,267
  1,355
  1,447
  1,545
Issuance/(repayment) of debt, $m
  0
  -79
  39
  41
  43
  44
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  69
  71
  75
  78
  81
  85
  89
  93
  97
  101
  106
  111
  116
  122
  128
Issuance/(repurchase) of shares, $m
  2
  115
  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  
  2
  36
  39
  41
  43
  44
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  69
  71
  75
  78
  81
  85
  89
  93
  97
  101
  106
  111
  116
  122
  128
Total cash flow (excl. dividends), $m
  -8
  25
  60
  89
  119
  151
  184
  219
  255
  292
  332
  373
  416
  461
  508
  557
  609
  663
  720
  779
  842
  907
  976
  1,049
  1,125
  1,205
  1,289
  1,378
  1,471
  1,569
  1,672
Retained Cash Flow (-), $m
  10
  -120
  -4
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
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
 
  -95
  55
  84
  114
  146
  179
  213
  249
  287
  326
  367
  410
  454
  501
  550
  601
  655
  712
  771
  833
  898
  967
  1,039
  1,114
  1,194
  1,277
  1,365
  1,458
  1,556
  1,658
Discount rate, %
 
  12.50
  13.13
  13.78
  14.47
  15.19
  15.95
  16.75
  17.59
  18.47
  19.39
  20.36
  21.38
  22.45
  23.57
  24.75
  25.99
  27.29
  28.65
  30.08
  31.59
  33.17
  34.82
  36.57
  38.39
  40.31
  42.33
  44.45
  46.67
  49.00
  51.45
PV of cash for distribution, $m
 
  -85
  43
  57
  67
  72
  74
  72
  68
  62
  55
  48
  40
  33
  26
  20
  15
  11
  8
  5
  3
  2
  1
  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

MagnaChip Semiconductor Corporation designs, manufactures, and sells analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications worldwide. The company operates through two segments, Foundry Services Group, and Standard Products Group. It provides display solutions, including source and gate drivers and timing controllers that cover a wide range of flat panel displays used in ultra-high definition (UHD), high definition (HD), light emitting diode (LED), 3D and OLED televisions and displays, notebooks, and mobile communications and entertainment devices. The company also offers e-Compass sensors, digital hall sensors, and temperature and humidity sensors; and power management products, such as metal oxide semiconductor field effect transistors, insulated gate bipolar mode transistors, power modules, AC-DC and DC-DC converters, LED drivers, solid state drives PMIC, and switching and linear regulators for liquid crystal display, LED, 3D and UHD televisions, smartphones, mobile phones, desktop PCs, notebooks, tablet PCs, other consumer electronics, and consumer appliances, as well as in industrial applications comprising power suppliers, LED lighting, and motor control. In addition, it offers foundry services to fabless analog and mixed-signal semiconductor companies and IDMs for the manufacture of display and LED drivers, audio encoding and decoding devices, microcontrollers, touch screen controllers, RF switches, park distance control sensors for automotive, electronic tag memories, and power management semiconductors. The company sells its products through direct sales force, as well as through a network of agents and distributors to consumer, computing, and industrial electronics OEMs; original design manufacturers; electronics manufacturing services companies; and subsystem designers. MagnaChip Semiconductor Corporation is based in Luxembourg.

FINANCIAL RATIOS  of  MagnaChip Semiconductor (MX)

Valuation Ratios
P/E Ratio -12.7
Price to Sales 0.6
Price to Book -5.3
Price to Tangible Book
Price to Cash Flow 47.5
Price to Free Cash Flow -31.7
Growth Rates
Sales Growth Rate 8.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 185.7%
Cap. Spend. - 3 Yr. Gr. Rate -14.2%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity -306.9%
Total Debt to Equity -306.9%
Interest Coverage -1
Management Effectiveness
Return On Assets -2.8%
Ret/ On Assets - 3 Yr. Avg. -11.6%
Return On Total Capital -19.5%
Ret/ On T. Cap. - 3 Yr. Avg. -37.4%
Return On Equity 44.8%
Return On Equity - 3 Yr. Avg. -38.9%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 22.7%
Gross Margin - 3 Yr. Avg. 22%
EBITDA Margin 2%
EBITDA Margin - 3 Yr. Avg. -5.8%
Operating Margin 0.4%
Oper. Margin - 3 Yr. Avg. -5.8%
Pre-Tax Margin -3.8%
Pre-Tax Margin - 3 Yr. Avg. -12.1%
Net Profit Margin -4.4%
Net Profit Margin - 3 Yr. Avg. -11.5%
Effective Tax Rate -15.4%
Eff/ Tax Rate - 3 Yr. Avg. -0.4%
Payout Ratio 0%

MX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MX stock intrinsic value calculation we used $688 million for the last fiscal year's total revenue generated by MagnaChip Semiconductor. The default revenue input number comes from 2016 income statement of MagnaChip Semiconductor. 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 MX stock valuation model: a) initial revenue growth rate of 9.5% 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 12.5%, whose default value for MX is calculated based on our internal credit rating of MagnaChip Semiconductor, 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 MagnaChip Semiconductor.
    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 MX stock the variable cost ratio is equal to 21.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $556 million in the base year in the intrinsic value calculation for MX 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 6.8% for MagnaChip Semiconductor.

Corporate tax rate of 27% is the nominal tax rate for MagnaChip Semiconductor. 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 MX 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 MX are equal to 27.4%.

Life of production assets of 10 years is the average useful life of capital assets used in MagnaChip Semiconductor 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 MX is equal to 1%. 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 - $-72 million for MagnaChip Semiconductor - 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 39.904 million for MagnaChip Semiconductor 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 MagnaChip Semiconductor at the current share price and the inputted number of shares is $0.4 billion.

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COMPANY NEWS

▶ Why Shares of MagnaChip Semiconductor Slumped Today   [Aug-10-17 04:44PM  Motley Fool]
▶ MagnaChip Reports Second Quarter 2017 Financial Results   [Aug-03-17 04:15PM  PR Newswire]
▶ 4 Small-Cap Semiconductor Stocks to Buy Now   [Jun-22-17 12:56PM  Zacks]
▶ 3 Tech Stocks That Rallied in Friday's Rout   [Jun-12-17 12:06PM  Investopedia]
▶ Top Ranked Momentum Stocks to Buy for May 24th   [May-24-17 10:34AM  Zacks]
▶ Why MagnaChip Semiconductor Corp. Stock Popped Today   [May-04-17 04:36PM  Motley Fool]
▶ Magnachip posts 1Q profit   [May-03-17 07:55PM  Associated Press]
▶ SEC settles accounting charges with chipmaker, ex-CFO   [May-01-17 04:40PM  MarketWatch]
▶ Magnachip reports 4Q loss   [Feb-09-17 07:17PM  Associated Press]
▶ Magnachip Semiconductor Corp (MX): Engaged Capital Cuts Stake   [Jan-15-17 03:19PM  at Insider Monkey]
▶ MagnaChip Selected as "2016 Best Supplier" by LG Display   [Jan-06-17 09:00AM  PR Newswire]
▶ MagnaChip Extends Shareholder Rights Plan   [Sep-02-16 04:25PM  PR Newswire]
▶ Magnachip reports 2Q loss   [04:53PM  AP]
Stock chart of MX Financial statements of MX
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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