Intrinsic value of Nordson - NDSN

Previous Close

$121.49

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$121.49

 
Intrinsic value

$122.88

 
Up/down potential

+1%

 
Rating

hold

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of NDSN 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 7.0

 

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, %
  7.10
  9.40
  8.96
  8.56
  8.21
  7.89
  7.60
  7.34
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.91
  5.82
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
Revenue, $m
  1,809
  1,979
  2,156
  2,341
  2,533
  2,733
  2,941
  3,156
  3,381
  3,614
  3,856
  4,108
  4,370
  4,643
  4,927
  5,223
  5,531
  5,853
  6,189
  6,539
  6,905
  7,287
  7,686
  8,104
  8,541
  8,998
  9,476
  9,977
  10,501
  11,051
  11,626
Variable operating expenses, $m
 
  847
  912
  981
  1,053
  1,127
  1,204
  1,284
  1,368
  1,454
  1,544
  1,527
  1,625
  1,726
  1,832
  1,942
  2,057
  2,176
  2,301
  2,431
  2,567
  2,709
  2,858
  3,013
  3,176
  3,345
  3,523
  3,709
  3,904
  4,109
  4,323
Fixed operating expenses, $m
 
  669
  686
  703
  721
  739
  757
  776
  796
  816
  836
  857
  878
  900
  923
  946
  969
  994
  1,018
  1,044
  1,070
  1,097
  1,124
  1,152
  1,181
  1,211
  1,241
  1,272
  1,304
  1,336
  1,370
Total operating expenses, $m
  1,421
  1,516
  1,598
  1,684
  1,774
  1,866
  1,961
  2,060
  2,164
  2,270
  2,380
  2,384
  2,503
  2,626
  2,755
  2,888
  3,026
  3,170
  3,319
  3,475
  3,637
  3,806
  3,982
  4,165
  4,357
  4,556
  4,764
  4,981
  5,208
  5,445
  5,693
Operating income, $m
  388
  463
  558
  657
  760
  867
  979
  1,096
  1,217
  1,344
  1,476
  1,724
  1,867
  2,016
  2,172
  2,335
  2,505
  2,683
  2,869
  3,064
  3,268
  3,481
  3,704
  3,939
  4,184
  4,442
  4,712
  4,996
  5,293
  5,606
  5,934
EBITDA, $m
  458
  594
  691
  791
  896
  1,006
  1,120
  1,239
  1,363
  1,492
  1,626
  1,766
  1,912
  2,064
  2,223
  2,389
  2,562
  2,743
  2,933
  3,131
  3,338
  3,555
  3,783
  4,022
  4,272
  4,534
  4,809
  5,098
  5,401
  5,719
  6,053
Interest expense (income), $m
  23
  33
  38
  43
  49
  54
  60
  66
  73
  79
  86
  93
  101
  108
  117
  125
  134
  143
  152
  162
  172
  183
  194
  206
  219
  231
  245
  259
  274
  289
  305
Earnings before tax, $m
  368
  430
  520
  614
  711
  813
  919
  1,030
  1,145
  1,265
  1,390
  1,630
  1,766
  1,908
  2,056
  2,210
  2,372
  2,541
  2,717
  2,902
  3,095
  3,298
  3,510
  3,732
  3,966
  4,210
  4,467
  4,736
  5,019
  5,316
  5,628
Tax expense, $m
  96
  116
  140
  166
  192
  220
  248
  278
  309
  341
  375
  440
  477
  515
  555
  597
  640
  686
  734
  783
  836
  890
  948
  1,008
  1,071
  1,137
  1,206
  1,279
  1,355
  1,435
  1,520
Net income, $m
  272
  314
  380
  448
  519
  593
  671
  752
  836
  923
  1,014
  1,190
  1,289
  1,393
  1,501
  1,614
  1,731
  1,855
  1,983
  2,118
  2,259
  2,407
  2,562
  2,725
  2,895
  3,074
  3,261
  3,458
  3,664
  3,881
  4,109

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  67
  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
  2,421
  2,577
  2,808
  3,048
  3,298
  3,559
  3,829
  4,110
  4,402
  4,705
  5,021
  5,349
  5,690
  6,045
  6,415
  6,801
  7,202
  7,621
  8,058
  8,514
  8,991
  9,488
  10,008
  10,552
  11,121
  11,716
  12,339
  12,991
  13,674
  14,389
  15,138
Adjusted assets (=assets-cash), $m
  2,354
  2,577
  2,808
  3,048
  3,298
  3,559
  3,829
  4,110
  4,402
  4,705
  5,021
  5,349
  5,690
  6,045
  6,415
  6,801
  7,202
  7,621
  8,058
  8,514
  8,991
  9,488
  10,008
  10,552
  11,121
  11,716
  12,339
  12,991
  13,674
  14,389
  15,138
Revenue / Adjusted assets
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
  0.768
Average production assets, $m
  394
  431
  470
  510
  552
  596
  641
  688
  737
  788
  841
  896
  953
  1,012
  1,074
  1,139
  1,206
  1,276
  1,349
  1,425
  1,505
  1,589
  1,676
  1,767
  1,862
  1,962
  2,066
  2,175
  2,289
  2,409
  2,534
Working capital, $m
  414
  429
  468
  508
  550
  593
  638
  685
  734
  784
  837
  891
  948
  1,008
  1,069
  1,133
  1,200
  1,270
  1,343
  1,419
  1,498
  1,581
  1,668
  1,759
  1,853
  1,953
  2,056
  2,165
  2,279
  2,398
  2,523
Total debt, $m
  987
  1,085
  1,235
  1,390
  1,552
  1,720
  1,895
  2,077
  2,266
  2,462
  2,666
  2,879
  3,100
  3,329
  3,569
  3,818
  4,078
  4,349
  4,632
  4,927
  5,235
  5,557
  5,893
  6,245
  6,613
  6,998
  7,401
  7,823
  8,265
  8,727
  9,212
Total liabilities, $m
  1,569
  1,667
  1,817
  1,972
  2,134
  2,302
  2,477
  2,659
  2,848
  3,044
  3,248
  3,461
  3,682
  3,911
  4,151
  4,400
  4,660
  4,931
  5,214
  5,509
  5,817
  6,139
  6,475
  6,827
  7,195
  7,580
  7,983
  8,405
  8,847
  9,309
  9,794
Total equity, $m
  852
  910
  991
  1,076
  1,164
  1,256
  1,352
  1,451
  1,554
  1,661
  1,772
  1,888
  2,009
  2,134
  2,265
  2,401
  2,542
  2,690
  2,845
  3,006
  3,174
  3,349
  3,533
  3,725
  3,926
  4,136
  4,356
  4,586
  4,827
  5,079
  5,344
Total liabilities and equity, $m
  2,421
  2,577
  2,808
  3,048
  3,298
  3,558
  3,829
  4,110
  4,402
  4,705
  5,020
  5,349
  5,691
  6,045
  6,416
  6,801
  7,202
  7,621
  8,059
  8,515
  8,991
  9,488
  10,008
  10,552
  11,121
  11,716
  12,339
  12,991
  13,674
  14,388
  15,138
Debt-to-equity ratio
  1.158
  1.190
  1.250
  1.290
  1.330
  1.370
  1.400
  1.430
  1.460
  1.480
  1.500
  1.520
  1.540
  1.560
  1.580
  1.590
  1.600
  1.620
  1.630
  1.640
  1.650
  1.660
  1.670
  1.680
  1.680
  1.690
  1.700
  1.710
  1.710
  1.720
  1.720
Adjusted equity ratio
  0.334
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353
  0.353

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  272
  314
  380
  448
  519
  593
  671
  752
  836
  923
  1,014
  1,190
  1,289
  1,393
  1,501
  1,614
  1,731
  1,855
  1,983
  2,118
  2,259
  2,407
  2,562
  2,725
  2,895
  3,074
  3,261
  3,458
  3,664
  3,881
  4,109
Depreciation, amort., depletion, $m
  70
  131
  133
  135
  137
  139
  141
  143
  145
  148
  150
  42
  45
  48
  50
  53
  57
  60
  63
  67
  71
  75
  79
  83
  87
  92
  97
  102
  107
  113
  119
Funds from operations, $m
  300
  445
  512
  583
  656
  732
  812
  895
  981
  1,071
  1,165
  1,232
  1,334
  1,440
  1,551
  1,667
  1,788
  1,914
  2,047
  2,185
  2,330
  2,482
  2,641
  2,808
  2,982
  3,166
  3,358
  3,560
  3,772
  3,994
  4,228
Change in working capital, $m
  -31
  37
  38
  40
  42
  43
  45
  47
  49
  51
  53
  55
  57
  59
  62
  64
  67
  70
  73
  76
  79
  83
  87
  91
  95
  99
  104
  109
  114
  119
  125
Cash from operations, $m
  331
  275
  474
  542
  614
  689
  767
  848
  932
  1,020
  1,112
  1,178
  1,277
  1,381
  1,490
  1,603
  1,721
  1,845
  1,974
  2,109
  2,251
  2,399
  2,554
  2,717
  2,888
  3,066
  3,254
  3,451
  3,658
  3,875
  4,103
Maintenance CAPEX, $m
  0
  -18
  -20
  -22
  -24
  -26
  -28
  -30
  -32
  -35
  -37
  -39
  -42
  -45
  -48
  -50
  -53
  -57
  -60
  -63
  -67
  -71
  -75
  -79
  -83
  -87
  -92
  -97
  -102
  -107
  -113
New CAPEX, $m
  -61
  -38
  -39
  -40
  -42
  -44
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -59
  -62
  -65
  -67
  -70
  -73
  -76
  -80
  -83
  -87
  -91
  -95
  -100
  -104
  -109
  -114
  -120
  -125
Cash from investing activities, $m
  -102
  -56
  -59
  -62
  -66
  -70
  -73
  -77
  -81
  -86
  -90
  -94
  -99
  -104
  -110
  -115
  -120
  -127
  -133
  -139
  -147
  -154
  -162
  -170
  -178
  -187
  -196
  -206
  -216
  -227
  -238
Free cash flow, $m
  229
  218
  415
  480
  548
  619
  693
  771
  851
  935
  1,022
  1,083
  1,178
  1,277
  1,380
  1,488
  1,600
  1,718
  1,841
  1,969
  2,104
  2,245
  2,393
  2,547
  2,709
  2,879
  3,058
  3,245
  3,441
  3,648
  3,864
Issuance/(repayment) of debt, $m
  -135
  143
  149
  156
  162
  168
  175
  182
  189
  196
  204
  212
  221
  230
  239
  249
  260
  271
  283
  295
  308
  322
  336
  352
  368
  385
  403
  422
  442
  463
  485
Issuance/(repurchase) of shares, $m
  -22
  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  
  -154
  143
  149
  156
  162
  168
  175
  182
  189
  196
  204
  212
  221
  230
  239
  249
  260
  271
  283
  295
  308
  322
  336
  352
  368
  385
  403
  422
  442
  463
  485
Total cash flow (excl. dividends), $m
  73
  361
  564
  636
  710
  788
  868
  952
  1,040
  1,131
  1,226
  1,295
  1,399
  1,507
  1,619
  1,737
  1,860
  1,989
  2,124
  2,265
  2,412
  2,567
  2,729
  2,899
  3,077
  3,264
  3,461
  3,667
  3,883
  4,110
  4,349
Retained Cash Flow (-), $m
  -192
  -80
  -82
  -85
  -88
  -92
  -95
  -99
  -103
  -107
  -111
  -116
  -120
  -125
  -131
  -136
  -142
  -148
  -154
  -161
  -168
  -176
  -184
  -192
  -201
  -210
  -220
  -230
  -241
  -252
  -264
Prev. year cash balance distribution, $m
 
  22
  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
 
  304
  483
  551
  622
  696
  773
  853
  937
  1,024
  1,115
  1,180
  1,278
  1,381
  1,489
  1,601
  1,718
  1,841
  1,969
  2,104
  2,244
  2,391
  2,545
  2,707
  2,877
  3,054
  3,241
  3,437
  3,642
  3,858
  4,084
Discount rate, %
 
  6.60
  6.93
  7.28
  7.64
  8.02
  8.42
  8.84
  9.29
  9.75
  10.24
  10.75
  11.29
  11.85
  12.45
  13.07
  13.72
  14.41
  15.13
  15.88
  16.68
  17.51
  18.39
  19.31
  20.27
  21.29
  22.35
  23.47
  24.64
  25.87
  27.17
PV of cash for distribution, $m
 
  285
  422
  446
  463
  473
  476
  471
  460
  443
  421
  384
  354
  322
  288
  254
  220
  187
  156
  128
  103
  81
  62
  47
  34
  25
  17
  12
  8
  5
  3
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

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for applying adhesives, lotions, liquids, and fibers to disposable products and continuous roll goods; and assembling plastic, metal, and wood products in paper and paperboard converting applications, as well as manufacturing continuous roll goods. This segment also offers automated adhesive dispensing systems for packaged goods industries; and components and systems used in the thermoplastic melt stream. The company’s Advanced Technology Systems segment offers automated dispensing systems for attachment, protection, and coating of fluids, as well as related gas plasma treatment systems for cleaning and conditioning surfaces prior to dispense; precision manual and semi-automated dispensers, plastic molded syringes, cartridges, tips, fluid connection components, tubing, and catheters to apply and control the flow of adhesives, sealants, lubricants, and biomaterials; and bond testing, and automated optical and X-ray inspection systems for use in the electronics, medical, and related industries. Its Industrial Coating Systems segment provides automated and manual dispensing products and systems to apply multiple component adhesive and sealant materials; dispensing and curing systems to coat and cure containers; systems to apply liquid paints and coatings to consumer and industrial products; and systems to apply powder paints and coatings to metal, plastic, and wood products, as well as ultraviolet equipment for use in curing and drying operations for specialty coatings, semiconductor materials, and paints. The company markets its products through its direct sales force, distributors, and sales representatives worldwide. Nordson Corporation was founded in 1935 and is headquartered in Westlake, Ohio.

FINANCIAL RATIOS  of  Nordson (NDSN)

Valuation Ratios
P/E Ratio 25.6
Price to Sales 3.8
Price to Book 8.2
Price to Tangible Book
Price to Cash Flow 21
Price to Free Cash Flow 25.8
Growth Rates
Sales Growth Rate 7.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.6%
Cap. Spend. - 3 Yr. Gr. Rate 5.4%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 110.6%
Total Debt to Equity 115.8%
Interest Coverage 17
Management Effectiveness
Return On Assets 12.1%
Ret/ On Assets - 3 Yr. Avg. 11%
Return On Total Capital 15%
Ret/ On T. Cap. - 3 Yr. Avg. 14%
Return On Equity 36%
Return On Equity - 3 Yr. Avg. 30.2%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 54.9%
Gross Margin - 3 Yr. Avg. 54.8%
EBITDA Margin 25.5%
EBITDA Margin - 3 Yr. Avg. 24.1%
Operating Margin 21.4%
Oper. Margin - 3 Yr. Avg. 20.6%
Pre-Tax Margin 20.3%
Pre-Tax Margin - 3 Yr. Avg. 19.6%
Net Profit Margin 15%
Net Profit Margin - 3 Yr. Avg. 14%
Effective Tax Rate 26.1%
Eff/ Tax Rate - 3 Yr. Avg. 28.7%
Payout Ratio 20.6%

NDSN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NDSN stock intrinsic value calculation we used $1809 million for the last fiscal year's total revenue generated by Nordson. The default revenue input number comes from 2016 income statement of Nordson. 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 NDSN stock valuation model: a) initial revenue growth rate of 9.4% 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 6.6%, whose default value for NDSN is calculated based on our internal credit rating of Nordson, 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 Nordson.
    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 NDSN stock the variable cost ratio is equal to 43.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $653 million in the base year in the intrinsic value calculation for NDSN 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 Nordson.

Corporate tax rate of 27% is the nominal tax rate for Nordson. 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 NDSN 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 NDSN are equal to 21.8%.

Life of production assets of 21.3 years is the average useful life of capital assets used in Nordson 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 NDSN is equal to 21.7%. 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 - $852 million for Nordson - 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 57.392 million for Nordson 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 Nordson at the current share price and the inputted number of shares is $7.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
DOV Dover 79.32 85.57  hold
FUL H.B. Fuller 50.62 24.84  str.sell
TER Teradyne 32.44 38.09  buy
ATU Actuant Cl A 25.15 12.65  str.sell
GTLS Chart Industri 34.11 7.73  str.sell
ITW Illinois Tool 134.87 91.16  sell

COMPANY NEWS

▶ Time to Nail Down Some Profits on Nordson   [Apr-11-17 09:07AM  TheStreet.com]
▶ Stock Market News for April 04, 2017   [Apr-04-17 10:42AM  Zacks]
▶ [$$] KRG-Backed Vention Medical Sells Two Units   [12:31PM  at The Wall Street Journal]
▶ Nordson Sticks Another Fantastic Quarter   [08:00AM  at Motley Fool]
▶ Nordson Corporation Acquires Plas-Pak Industries, Inc.   [Feb-01-17 04:00PM  Business Wire]
▶ Nordson Rides Broad Strength to Another Quarterly Beat   [Dec-13-16 08:54PM  at Motley Fool]
Stock chart of NDSN Financial statements of NDSN
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.