Intrinsic value of Mazor Robotics ADR - MZOR

Previous Close

$61.28

  Intrinsic Value

$0.37

stock screener

  Rating & Target

str. sell

-99%

Previous close

$61.28

 
Intrinsic value

$0.37

 
Up/down potential

-99%

 
Rating

str. sell

We calculate the intrinsic value of MZOR 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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, %
  38.46
  39.40
  35.96
  32.86
  30.08
  27.57
  25.31
  23.28
  21.45
  19.81
  18.33
  16.99
  15.80
  14.72
  13.74
  12.87
  12.08
  11.37
  10.74
  10.16
  9.65
  9.18
  8.76
  8.39
  8.05
  7.74
  7.47
  7.22
  7.00
  6.80
  6.62
Revenue, $m
  36
  50
  68
  91
  118
  150
  189
  232
  282
  338
  400
  468
  542
  622
  707
  798
  895
  997
  1,104
  1,216
  1,333
  1,455
  1,583
  1,716
  1,854
  1,997
  2,147
  2,302
  2,463
  2,630
  2,804
Variable operating expenses, $m
 
  69
  94
  124
  162
  206
  258
  318
  386
  463
  548
  641
  742
  851
  968
  1,092
  1,224
  1,364
  1,510
  1,664
  1,824
  1,992
  2,166
  2,348
  2,537
  2,733
  2,938
  3,150
  3,370
  3,599
  3,838
Fixed operating expenses, $m
 
  5
  5
  5
  5
  6
  6
  6
  6
  6
  6
  6
  6
  7
  7
  7
  7
  7
  7
  8
  8
  8
  8
  8
  8
  9
  9
  9
  9
  9
  10
Total operating expenses, $m
  55
  74
  99
  129
  167
  212
  264
  324
  392
  469
  554
  647
  748
  858
  975
  1,099
  1,231
  1,371
  1,517
  1,672
  1,832
  2,000
  2,174
  2,356
  2,545
  2,742
  2,947
  3,159
  3,379
  3,608
  3,848
Operating income, $m
  -19
  -24
  -31
  -39
  -49
  -61
  -75
  -92
  -110
  -131
  -154
  -179
  -206
  -236
  -267
  -301
  -337
  -374
  -414
  -455
  -499
  -544
  -591
  -640
  -691
  -745
  -800
  -857
  -917
  -979
  -1,043
EBITDA, $m
  -18
  -23
  -30
  -38
  -48
  -59
  -73
  -89
  -107
  -127
  -150
  -174
  -201
  -230
  -260
  -293
  -328
  -364
  -403
  -443
  -486
  -530
  -575
  -623
  -673
  -725
  -778
  -834
  -892
  -952
  -1,015
Interest expense (income), $m
  0
  0
  0
  1
  1
  2
  3
  4
  5
  7
  8
  10
  11
  13
  16
  18
  20
  23
  25
  28
  31
  34
  38
  41
  44
  48
  52
  56
  60
  64
  69
Earnings before tax, $m
  -19
  -24
  -31
  -40
  -51
  -63
  -78
  -96
  -115
  -137
  -162
  -188
  -218
  -249
  -283
  -319
  -357
  -397
  -439
  -484
  -530
  -578
  -629
  -681
  -736
  -793
  -852
  -913
  -977
  -1,043
  -1,112
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
  -19
  -24
  -31
  -40
  -51
  -63
  -78
  -96
  -115
  -137
  -162
  -188
  -218
  -249
  -283
  -319
  -357
  -397
  -439
  -484
  -530
  -578
  -629
  -681
  -736
  -793
  -852
  -913
  -977
  -1,043
  -1,112

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  53
  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
  83
  65
  89
  118
  154
  196
  246
  303
  368
  441
  522
  610
  707
  811
  922
  1,041
  1,167
  1,299
  1,439
  1,585
  1,738
  1,898
  2,064
  2,237
  2,417
  2,604
  2,799
  3,001
  3,211
  3,429
  3,656
Adjusted assets (=assets-cash), $m
  30
  65
  89
  118
  154
  196
  246
  303
  368
  441
  522
  610
  707
  811
  922
  1,041
  1,167
  1,299
  1,439
  1,585
  1,738
  1,898
  2,064
  2,237
  2,417
  2,604
  2,799
  3,001
  3,211
  3,429
  3,656
Revenue / Adjusted assets
  1.200
  0.769
  0.764
  0.771
  0.766
  0.765
  0.768
  0.766
  0.766
  0.766
  0.766
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.768
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
  0.767
Average production assets, $m
  4
  5
  7
  9
  12
  15
  19
  23
  28
  34
  40
  47
  54
  62
  71
  80
  89
  100
  110
  122
  133
  146
  158
  172
  185
  200
  215
  230
  246
  263
  280
Working capital, $m
  49
  0
  -1
  -1
  -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
Total debt, $m
  0
  7
  16
  27
  40
  56
  75
  96
  121
  148
  178
  212
  248
  287
  329
  374
  421
  471
  523
  578
  636
  696
  758
  823
  891
  961
  1,035
  1,111
  1,190
  1,272
  1,357
Total liabilities, $m
  18
  25
  33
  44
  58
  74
  92
  114
  138
  166
  196
  229
  266
  305
  347
  391
  439
  489
  541
  596
  653
  713
  776
  841
  909
  979
  1,052
  1,128
  1,207
  1,289
  1,375
Total equity, $m
  65
  41
  56
  74
  96
  122
  153
  189
  230
  275
  326
  381
  441
  506
  575
  650
  728
  811
  898
  989
  1,085
  1,184
  1,288
  1,396
  1,508
  1,625
  1,746
  1,873
  2,004
  2,140
  2,282
Total liabilities and equity, $m
  83
  66
  89
  118
  154
  196
  245
  303
  368
  441
  522
  610
  707
  811
  922
  1,041
  1,167
  1,300
  1,439
  1,585
  1,738
  1,897
  2,064
  2,237
  2,417
  2,604
  2,798
  3,001
  3,211
  3,429
  3,657
Debt-to-equity ratio
  0.000
  0.170
  0.280
  0.360
  0.420
  0.460
  0.490
  0.510
  0.530
  0.540
  0.550
  0.560
  0.560
  0.570
  0.570
  0.580
  0.580
  0.580
  0.580
  0.580
  0.590
  0.590
  0.590
  0.590
  0.590
  0.590
  0.590
  0.590
  0.590
  0.590
  0.590
Adjusted equity ratio
  0.400
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -19
  -24
  -31
  -40
  -51
  -63
  -78
  -96
  -115
  -137
  -162
  -188
  -218
  -249
  -283
  -319
  -357
  -397
  -439
  -484
  -530
  -578
  -629
  -681
  -736
  -793
  -852
  -913
  -977
  -1,043
  -1,112
Depreciation, amort., depletion, $m
  1
  1
  1
  1
  1
  2
  2
  3
  3
  4
  4
  5
  5
  6
  7
  8
  9
  10
  11
  12
  13
  15
  16
  17
  19
  20
  21
  23
  25
  26
  28
Funds from operations, $m
  -6
  -23
  -30
  -39
  -49
  -62
  -76
  -93
  -112
  -134
  -158
  -184
  -212
  -243
  -276
  -311
  -348
  -387
  -428
  -472
  -517
  -564
  -613
  -664
  -717
  -773
  -830
  -890
  -952
  -1,016
  -1,084
Change in working capital, $m
  4
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
Cash from operations, $m
  -10
  -23
  -30
  -39
  -49
  -61
  -76
  -93
  -112
  -133
  -157
  -183
  -212
  -242
  -275
  -310
  -347
  -386
  -428
  -471
  -516
  -563
  -612
  -663
  -716
  -772
  -829
  -889
  -951
  -1,015
  -1,082
Maintenance CAPEX, $m
  0
  0
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -3
  -3
  -4
  -5
  -5
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -15
  -16
  -17
  -19
  -20
  -21
  -23
  -25
  -26
New CAPEX, $m
  -4
  -1
  -2
  -2
  -3
  -3
  -4
  -4
  -5
  -6
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -17
Cash from investing activities, $m
  -24
  -1
  -3
  -3
  -4
  -4
  -6
  -6
  -7
  -9
  -9
  -11
  -12
  -13
  -15
  -16
  -18
  -19
  -21
  -22
  -24
  -25
  -28
  -29
  -31
  -33
  -35
  -37
  -39
  -42
  -43
Free cash flow, $m
  -34
  -25
  -32
  -41
  -53
  -66
  -81
  -99
  -119
  -142
  -167
  -194
  -224
  -256
  -290
  -326
  -365
  -406
  -448
  -493
  -540
  -589
  -639
  -692
  -747
  -804
  -864
  -926
  -990
  -1,056
  -1,126
Issuance/(repayment) of debt, $m
  0
  7
  9
  11
  13
  16
  19
  22
  24
  27
  30
  33
  36
  39
  42
  45
  47
  50
  52
  55
  57
  60
  63
  65
  68
  70
  73
  76
  79
  82
  85
Issuance/(repurchase) of shares, $m
  5
  35
  46
  58
  73
  90
  109
  131
  156
  183
  212
  244
  278
  314
  352
  393
  435
  480
  526
  575
  626
  678
  733
  789
  848
  909
  973
  1,039
  1,108
  1,179
  1,253
Cash from financing (excl. dividends), $m  
  36
  42
  55
  69
  86
  106
  128
  153
  180
  210
  242
  277
  314
  353
  394
  438
  482
  530
  578
  630
  683
  738
  796
  854
  916
  979
  1,046
  1,115
  1,187
  1,261
  1,338
Total cash flow (excl. dividends), $m
  1
  17
  22
  28
  34
  40
  47
  54
  61
  69
  76
  83
  90
  97
  104
  111
  118
  124
  131
  137
  143
  150
  156
  162
  169
  175
  182
  189
  197
  205
  213
Retained Cash Flow (-), $m
  -23
  -35
  -46
  -58
  -73
  -90
  -109
  -131
  -156
  -183
  -212
  -244
  -278
  -314
  -352
  -393
  -435
  -480
  -526
  -575
  -626
  -678
  -733
  -789
  -848
  -909
  -973
  -1,039
  -1,108
  -1,179
  -1,253
Prev. year cash balance distribution, $m
 
  35
  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
 
  4
  6
  8
  11
  14
  18
  23
  28
  34
  41
  49
  57
  66
  76
  86
  97
  109
  122
  135
  148
  163
  178
  193
  209
  226
  244
  262
  281
  300
  321
Cash available for distribution, $m
 
  17
  -23
  -30
  -39
  -50
  -63
  -78
  -95
  -114
  -136
  -161
  -187
  -217
  -248
  -282
  -318
  -356
  -396
  -438
  -482
  -529
  -577
  -627
  -680
  -734
  -791
  -850
  -911
  -974
  -1,040
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
 
  17
  -21
  -26
  -32
  -39
  -45
  -52
  -59
  -66
  -71
  -76
  -80
  -82
  -83
  -83
  -81
  -77
  -73
  -67
  -61
  -55
  -48
  -41
  -35
  -29
  -23
  -18
  -14
  -11
  -8
Current shareholders' claim on cash, %
  100
  89.5
  80.5
  72.9
  66.3
  60.6
  55.7
  51.3
  47.4
  43.9
  40.7
  37.9
  35.3
  33.0
  30.8
  28.9
  27.0
  25.4
  23.8
  22.4
  21.1
  19.8
  18.7
  17.6
  16.6
  15.6
  14.8
  13.9
  13.1
  12.4
  11.7

Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications. Its Renaissance System and its predecessor are used in a number of spine surgeries, including fusion, correction of spinal deformities, biopsy collection, tumor excision and cement augmentations. Furthermore the Company developed the Renaissance Brain Module, an application of its Renaissance System that provides control over the insertion of surgical instruments during brain surgery.

FINANCIAL RATIOS  of  Mazor Robotics ADR (MZOR)

Valuation Ratios
P/E Ratio -153.6
Price to Sales 81.1
Price to Book 44.9
Price to Tangible Book
Price to Cash Flow -291.8
Price to Free Cash Flow -208.4
Growth Rates
Sales Growth Rate 38.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 300%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
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 -28.4%
Ret/ On Assets - 3 Yr. Avg. -26%
Return On Total Capital -35.5%
Ret/ On T. Cap. - 3 Yr. Avg. -30.7%
Return On Equity -35.5%
Return On Equity - 3 Yr. Avg. -30.7%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 66.7%
Gross Margin - 3 Yr. Avg. 71%
EBITDA Margin -50%
EBITDA Margin - 3 Yr. Avg. -56.8%
Operating Margin -52.8%
Oper. Margin - 3 Yr. Avg. -60.6%
Pre-Tax Margin -52.8%
Pre-Tax Margin - 3 Yr. Avg. -60.6%
Net Profit Margin -52.8%
Net Profit Margin - 3 Yr. Avg. -60.6%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

MZOR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MZOR stock intrinsic value calculation we used $36 million for the last fiscal year's total revenue generated by Mazor Robotics ADR. The default revenue input number comes from 2016 income statement of Mazor Robotics ADR. 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 MZOR stock valuation model: a) initial revenue growth rate of 39.4% 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 MZOR is calculated based on our internal credit rating of Mazor Robotics ADR, 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 Mazor Robotics ADR.
    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 MZOR stock the variable cost ratio is equal to 137.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $5 million in the base year in the intrinsic value calculation for MZOR 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 5.4% for Mazor Robotics ADR.

Corporate tax rate of 27% is the nominal tax rate for Mazor Robotics ADR. 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 MZOR stock is equal to 12.2%.

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 MZOR are equal to 10%.

Life of production assets of 10 years is the average useful life of capital assets used in Mazor Robotics ADR 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 MZOR is equal to -0.8%. 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 - $65 million for Mazor Robotics ADR - 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 43 million for Mazor Robotics ADR 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 Mazor Robotics ADR at the current share price and the inputted number of shares is $2.6 billion.

RELATED COMPANIES Price Int.Val. Rating
SYK Stryker 174.30 73.42  str.sell
CNMD CONMED 73.43 27.17  str.sell
ISRG Intuitive Surg 516.78 151.57  str.sell
SNN Smith&Nephew A 35.47 10.30  str.sell
GMED Globus Medical 52.65 21.51  str.sell
OFIX Orthofix Inter 60.02 71.28  buy

COMPANY NEWS

▶ AI And Robotics Are Taking Robotic Surgery To New Levels   [Jun-12-18 05:25PM  Investor's Business Daily]
▶ Longer-Term Uptrend in Mazor Robotics May Save the Day   [May-14-18 02:55PM  TheStreet.com]
▶ Strong consumer spending could drive upside surprises   [May-11-18 07:46PM  CNBC Videos]
▶ Better Buy: Intuitive Surgical, Inc. vs. Medtronic plc   [Apr-01-18 09:33AM  Motley Fool]
▶ What Is Mazor Robotics Ltds (NASDAQ:MZOR) Share Price Doing?   [Mar-26-18 08:38AM  Simply Wall St.]
▶ 3 Top Robotic-Surgery Stocks to Consider Buying Now   [Mar-25-18 09:09AM  Motley Fool]
▶ 3 Stocks That Look Just Like eBay in 1998   [Mar-24-18 12:00PM  Motley Fool]
▶ When Will Mazor Robotics Ltd (NASDAQ:MZOR) Breakeven?   [Mar-16-18 10:30AM  Simply Wall St.]
▶ 3 High-Growth Stocks That Are Just Getting Started   [Mar-09-18 06:17AM  Motley Fool]
▶ Mazor Robotics Flips to Profitability   [Feb-20-18 08:55AM  Motley Fool]
▶ Mazor Robotics Ltd. to Host Earnings Call   [Feb-14-18 06:30AM  ACCESSWIRE]
▶ Why Mazor Robotics Fell 10.8% in December   [Jan-04-18 10:55AM  Motley Fool]
▶ 3 Stocks That Feel Like Disney in 1957   [Jan-02-18 12:30PM  Motley Fool]
▶ 4 MedTech Stocks to Explode in 2018   [Dec-22-17 02:33PM  Zacks]
▶ How Safe Is Medtronic's Dividend?   [Dec-19-17 08:16AM  Motley Fool]
▶ Mazor Robotics Enters a New Era   [Nov-08-17 11:02AM  Motley Fool]
▶ Mazor Robotics Ltd Sponsored ADR to Host Earnings Call   [Nov-07-17 06:30AM  ACCESSWIRE]
▶ 3 Stocks That Could Put Amazon's Returns to Shame   [Oct-30-17 08:49PM  Motley Fool]
▶ Company News For Oct 10, 2017   [Oct-10-17 08:30AM  Zacks]
▶ What Happened in the Stock Market Today   [Oct-09-17 04:59PM  Motley Fool]
▶ 3 Top Stocks in Healthcare   [08:07AM  Motley Fool]
▶ 3 Innovation-Forward Healthcare Stocks to Buy Now   [Sep-19-17 07:15AM  Motley Fool]
▶ 3 Stocks to Buy for the Next Generation   [Sep-18-17 09:57PM  Motley Fool]
▶ Is a Med-Tech Marriage in Mazor Robotics' Future?   [Sep-10-17 05:15AM  Motley Fool]
▶ 3 Stocks at 52-Week Highs Still Worth Buying   [Sep-09-17 10:45AM  Motley Fool]
▶ Are These Healthcare Stocks Top Takeover Targets?   [Sep-07-17 05:10PM  Motley Fool]
▶ Mazor Robotics Jumps After Medtronic Collaboration Update   [Aug-30-17 10:10AM  24/7 Wall St.]
▶ 3 Stocks That Could Soar More Than Netflix   [Aug-26-17 06:45AM  Motley Fool]
Financial statements of MZOR
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

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.