Intrinsic value of Maxim Integrated Products - MXIM

Previous Close

$49.50

  Intrinsic Value

$11.10

stock screener

  Rating & Target

str. sell

-78%

  Value-price divergence*

-58%

Previous close

$49.50

 
Intrinsic value

$11.10

 
Up/down potential

-78%

 
Rating

str. sell

 
Value-price divergence*

-58%

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

We calculate the intrinsic value of MXIM 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 13.8

 

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, %
  4.60
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
  5.60
  5.54
  5.49
  5.44
  5.40
  5.36
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
Revenue, $m
  2,296
  2,443
  2,596
  2,755
  2,921
  3,094
  3,274
  3,462
  3,658
  3,863
  4,078
  4,301
  4,535
  4,780
  5,036
  5,304
  5,584
  5,878
  6,186
  6,508
  6,846
  7,200
  7,571
  7,960
  8,368
  8,795
  9,244
  9,714
  10,208
  10,726
  11,269
Variable operating expenses, $m
 
  2,147
  2,278
  2,415
  2,557
  2,706
  2,860
  3,022
  3,190
  3,366
  3,550
  3,693
  3,894
  4,104
  4,324
  4,554
  4,795
  5,047
  5,311
  5,588
  5,878
  6,182
  6,500
  6,834
  7,185
  7,552
  7,937
  8,341
  8,765
  9,210
  9,676
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
  1,624
  2,147
  2,278
  2,415
  2,557
  2,706
  2,860
  3,022
  3,190
  3,366
  3,550
  3,693
  3,894
  4,104
  4,324
  4,554
  4,795
  5,047
  5,311
  5,588
  5,878
  6,182
  6,500
  6,834
  7,185
  7,552
  7,937
  8,341
  8,765
  9,210
  9,676
Operating income, $m
  672
  296
  318
  340
  364
  388
  414
  440
  468
  497
  527
  608
  641
  676
  712
  750
  790
  831
  875
  920
  968
  1,018
  1,070
  1,125
  1,183
  1,244
  1,307
  1,373
  1,443
  1,516
  1,593
EBITDA, $m
  836
  452
  480
  509
  540
  572
  605
  640
  676
  714
  754
  795
  839
  884
  931
  981
  1,033
  1,087
  1,144
  1,203
  1,266
  1,331
  1,400
  1,472
  1,547
  1,626
  1,709
  1,796
  1,887
  1,983
  2,084
Interest expense (income), $m
  29
  52
  30
  34
  38
  42
  47
  51
  56
  61
  66
  71
  77
  83
  89
  95
  102
  109
  116
  124
  132
  141
  150
  159
  169
  179
  189
  201
  212
  225
  238
Earnings before tax, $m
  680
  244
  288
  306
  326
  346
  367
  389
  412
  436
  461
  537
  564
  593
  623
  655
  688
  722
  758
  796
  836
  877
  921
  967
  1,015
  1,065
  1,117
  1,173
  1,231
  1,292
  1,356
Tax expense, $m
  108
  66
  78
  83
  88
  93
  99
  105
  111
  118
  125
  145
  152
  160
  168
  177
  186
  195
  205
  215
  226
  237
  249
  261
  274
  287
  302
  317
  332
  349
  366
Net income, $m
  572
  178
  210
  224
  238
  253
  268
  284
  301
  318
  337
  392
  412
  433
  455
  478
  502
  527
  553
  581
  610
  640
  672
  706
  741
  777
  816
  856
  898
  943
  990

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  2,745
  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
  4,570
  1,942
  2,063
  2,190
  2,322
  2,459
  2,603
  2,752
  2,908
  3,071
  3,241
  3,419
  3,605
  3,800
  4,003
  4,216
  4,439
  4,673
  4,917
  5,173
  5,442
  5,723
  6,018
  6,327
  6,652
  6,992
  7,348
  7,722
  8,115
  8,526
  8,958
Adjusted assets (=assets-cash), $m
  1,825
  1,942
  2,063
  2,190
  2,322
  2,459
  2,603
  2,752
  2,908
  3,071
  3,241
  3,419
  3,605
  3,800
  4,003
  4,216
  4,439
  4,673
  4,917
  5,173
  5,442
  5,723
  6,018
  6,327
  6,652
  6,992
  7,348
  7,722
  8,115
  8,526
  8,958
Revenue / Adjusted assets
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
  1.258
Average production assets, $m
  769
  818
  870
  923
  979
  1,036
  1,097
  1,160
  1,226
  1,294
  1,366
  1,441
  1,519
  1,601
  1,687
  1,777
  1,871
  1,969
  2,072
  2,180
  2,293
  2,412
  2,536
  2,667
  2,803
  2,946
  3,097
  3,254
  3,420
  3,593
  3,775
Working capital, $m
  3,027
  300
  319
  339
  359
  381
  403
  426
  450
  475
  502
  529
  558
  588
  619
  652
  687
  723
  761
  800
  842
  886
  931
  979
  1,029
  1,082
  1,137
  1,195
  1,256
  1,319
  1,386
Total debt, $m
  1,488
  869
  978
  1,092
  1,211
  1,334
  1,463
  1,598
  1,738
  1,885
  2,038
  2,198
  2,366
  2,541
  2,724
  2,916
  3,116
  3,326
  3,546
  3,777
  4,019
  4,272
  4,537
  4,816
  5,107
  5,413
  5,734
  6,071
  6,424
  6,795
  7,183
Total liabilities, $m
  2,368
  1,748
  1,857
  1,971
  2,090
  2,213
  2,342
  2,477
  2,617
  2,764
  2,917
  3,077
  3,245
  3,420
  3,603
  3,795
  3,995
  4,205
  4,425
  4,656
  4,898
  5,151
  5,416
  5,695
  5,986
  6,292
  6,613
  6,950
  7,303
  7,674
  8,062
Total equity, $m
  2,203
  194
  206
  219
  232
  246
  260
  275
  291
  307
  324
  342
  361
  380
  400
  422
  444
  467
  492
  517
  544
  572
  602
  633
  665
  699
  735
  772
  811
  853
  896
Total liabilities and equity, $m
  4,571
  1,942
  2,063
  2,190
  2,322
  2,459
  2,602
  2,752
  2,908
  3,071
  3,241
  3,419
  3,606
  3,800
  4,003
  4,217
  4,439
  4,672
  4,917
  5,173
  5,442
  5,723
  6,018
  6,328
  6,651
  6,991
  7,348
  7,722
  8,114
  8,527
  8,958
Debt-to-equity ratio
  0.675
  4.470
  4.740
  4.990
  5.210
  5.430
  5.620
  5.810
  5.980
  6.140
  6.290
  6.430
  6.560
  6.690
  6.800
  6.920
  7.020
  7.120
  7.210
  7.300
  7.380
  7.460
  7.540
  7.610
  7.680
  7.740
  7.800
  7.860
  7.920
  7.970
  8.020
Adjusted equity ratio
  -0.297
  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
  572
  178
  210
  224
  238
  253
  268
  284
  301
  318
  337
  392
  412
  433
  455
  478
  502
  527
  553
  581
  610
  640
  672
  706
  741
  777
  816
  856
  898
  943
  990
Depreciation, amort., depletion, $m
  164
  155
  162
  169
  176
  184
  192
  200
  208
  217
  227
  187
  197
  208
  219
  231
  243
  256
  269
  283
  298
  313
  329
  346
  364
  383
  402
  423
  444
  467
  490
Funds from operations, $m
  751
  334
  372
  392
  414
  436
  460
  484
  509
  536
  563
  579
  609
  641
  674
  709
  745
  783
  823
  864
  908
  954
  1,002
  1,052
  1,105
  1,160
  1,218
  1,279
  1,343
  1,410
  1,480
Change in working capital, $m
  -23
  18
  19
  20
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  31
  33
  34
  36
  38
  40
  42
  44
  46
  48
  50
  53
  55
  58
  61
  64
  67
Cash from operations, $m
  774
  316
  353
  373
  394
  415
  437
  461
  485
  510
  537
  551
  580
  611
  642
  676
  710
  747
  785
  825
  866
  910
  956
  1,004
  1,054
  1,107
  1,163
  1,221
  1,282
  1,346
  1,413
Maintenance CAPEX, $m
  0
  -100
  -106
  -113
  -120
  -127
  -135
  -142
  -151
  -159
  -168
  -177
  -187
  -197
  -208
  -219
  -231
  -243
  -256
  -269
  -283
  -298
  -313
  -329
  -346
  -364
  -383
  -402
  -423
  -444
  -467
New CAPEX, $m
  -51
  -49
  -51
  -53
  -56
  -58
  -60
  -63
  -66
  -69
  -72
  -75
  -78
  -82
  -86
  -90
  -94
  -98
  -103
  -108
  -113
  -119
  -124
  -130
  -137
  -143
  -150
  -158
  -165
  -173
  -182
Cash from investing activities, $m
  -325
  -149
  -157
  -166
  -176
  -185
  -195
  -205
  -217
  -228
  -240
  -252
  -265
  -279
  -294
  -309
  -325
  -341
  -359
  -377
  -396
  -417
  -437
  -459
  -483
  -507
  -533
  -560
  -588
  -617
  -649
Free cash flow, $m
  449
  166
  196
  207
  218
  230
  242
  255
  269
  283
  297
  299
  315
  331
  349
  367
  386
  405
  426
  448
  470
  494
  518
  544
  572
  600
  630
  661
  694
  728
  764
Issuance/(repayment) of debt, $m
  250
  -619
  109
  114
  119
  124
  129
  135
  140
  147
  153
  160
  167
  175
  183
  192
  201
  210
  220
  231
  242
  253
  265
  278
  292
  306
  321
  337
  353
  371
  389
Issuance/(repurchase) of shares, $m
  -180
  558
  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  
  67
  -61
  109
  114
  119
  124
  129
  135
  140
  147
  153
  160
  167
  175
  183
  192
  201
  210
  220
  231
  242
  253
  265
  278
  292
  306
  321
  337
  353
  371
  389
Total cash flow (excl. dividends), $m
  515
  105
  305
  321
  337
  354
  371
  390
  409
  429
  450
  459
  482
  507
  532
  558
  586
  615
  646
  678
  712
  747
  784
  823
  863
  906
  951
  998
  1,047
  1,099
  1,153
Retained Cash Flow (-), $m
  -95
  -736
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -29
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
Prev. year cash balance distribution, $m
 
  2,745
  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
 
  2,114
  293
  308
  324
  340
  357
  375
  393
  413
  433
  441
  464
  487
  512
  537
  564
  592
  622
  652
  685
  719
  754
  792
  831
  872
  915
  960
  1,008
  1,058
  1,110
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
 
  2,027
  268
  268
  266
  263
  259
  253
  246
  237
  227
  210
  198
  185
  172
  158
  143
  129
  114
  100
  87
  74
  63
  52
  42
  34
  27
  21
  16
  12
  8
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

Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets. It offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.

FINANCIAL RATIOS  of  Maxim Integrated Products (MXIM)

Valuation Ratios
P/E Ratio 24.5
Price to Sales 6.1
Price to Book 6.4
Price to Tangible Book
Price to Cash Flow 18.1
Price to Free Cash Flow 19.4
Growth Rates
Sales Growth Rate 4.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -26.1%
Cap. Spend. - 3 Yr. Gr. Rate -17.4%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity 67.5%
Total Debt to Equity 67.5%
Interest Coverage 24
Management Effectiveness
Return On Assets 13.5%
Ret/ On Assets - 3 Yr. Avg. 8.3%
Return On Total Capital 16.3%
Ret/ On T. Cap. - 3 Yr. Avg. 9.7%
Return On Equity 26.5%
Return On Equity - 3 Yr. Avg. 15.2%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 63%
Gross Margin - 3 Yr. Avg. 58.3%
EBITDA Margin 38%
EBITDA Margin - 3 Yr. Avg. 29.5%
Operating Margin 29.3%
Oper. Margin - 3 Yr. Avg. 17.2%
Pre-Tax Margin 29.6%
Pre-Tax Margin - 3 Yr. Avg. 17.8%
Net Profit Margin 24.9%
Net Profit Margin - 3 Yr. Avg. 14.7%
Effective Tax Rate 15.9%
Eff/ Tax Rate - 3 Yr. Avg. 17.5%
Payout Ratio 65.4%

MXIM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MXIM stock intrinsic value calculation we used $2296 million for the last fiscal year's total revenue generated by Maxim Integrated Products. The default revenue input number comes from 2017 income statement of Maxim Integrated Products. 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 MXIM stock valuation model: a) initial revenue growth rate of 6.4% 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 MXIM is calculated based on our internal credit rating of Maxim Integrated Products, 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 Maxim Integrated Products.
    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 MXIM stock the variable cost ratio is equal to 88%.

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 MXIM 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 Maxim Integrated Products.

Corporate tax rate of 27% is the nominal tax rate for Maxim Integrated Products. 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 MXIM 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 MXIM are equal to 33.5%.

Life of production assets of 7.7 years is the average useful life of capital assets used in Maxim Integrated Products 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 MXIM is equal to 12.3%. 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 - $2203 million for Maxim Integrated Products - 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 278.197 million for Maxim Integrated Products 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 Maxim Integrated Products at the current share price and the inputted number of shares is $13.8 billion.

RELATED COMPANIES Price Int.Val. Rating
TXN Texas Instrume 94.23 77.41  hold
ADI Analog Devices 88.83 383.26  str.buy
CRUS Cirrus Logic 53.82 225.18  str.buy
SLAB Silicon Labora 87.55 68.83  hold
NXPI NXP Semiconduc 114.94 81.75  sell
MSCC Microsemi 51.44 23.21  str.sell
SMTC Semtech 39.00 68.43  str.buy
ON ON Semiconduct 19.59 11.38  sell

COMPANY NEWS

▶ Nvidia Stock Rated Buy On Data Center, AI, Self-Driving Car Markets   [Oct-13-17 12:02PM  Investor's Business Daily]
▶ 5 Companies That Benefit From Nintendo Switch Sales   [Oct-03-17 11:27AM  Motley Fool]
▶ Time To Get Selective In The Semiconductor Industry   [Sep-18-17 10:32AM  Barrons.com]
▶ What is Driving Texas Instrumentss Revenue in Fiscal 2017?   [Jul-31-17 03:36PM  Market Realist]
▶ Maxim beats 4Q profit forecasts   [Jul-20-17 09:54PM  Associated Press]
▶ Two Top Chip Stocks Get Price-Target Hikes   [Jul-17-17 04:42PM  Investor's Business Daily]
▶ Maxim Integrated To Issue $500 Million Of Senior Notes   [Jun-08-17 04:05PM  PR Newswire]
▶ Device Analysis Reveals Chip Winners; Ambarella Tumbles On Outlook   [Jun-07-17 04:23PM  Investor's Business Daily]
▶ Apple iPhone 8 Chip Winners And Losers Predicted   [May-26-17 08:04PM  Investor's Business Daily]
▶ Chipmaker Maxim Falls On Slowing Automotive Chip Sales   [Apr-21-17 04:06PM  Investor's Business Daily]
▶ Trouble for Maxim Integrated Means Trouble for Semis   [Apr-20-17 09:39PM  Investopedia]
▶ Maxim tops Street 3Q forecasts   [04:18PM  Associated Press]
▶ Next Apple Watch to Have Internet Connectivity: Analyst   [Mar-27-17 04:46PM  Investopedia]
Financial statements of MXIM
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.