Intrinsic value of Orbital ATK - OA

Previous Close

$132.84

  Intrinsic Value

$211.46

stock screener

  Rating & Target

str. buy

+59%

Previous close

$132.84

 
Intrinsic value

$211.46

 
Up/down potential

+59%

 
Rating

str. buy

We calculate the intrinsic value of OA 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, %
  31.38
  16.50
  15.35
  14.32
  13.38
  12.55
  11.79
  11.11
  10.50
  9.95
  9.46
  9.01
  8.61
  8.25
  7.92
  7.63
  7.37
  7.13
  6.92
  6.73
  6.55
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
  5.60
  5.54
Revenue, $m
  4,455
  5,190
  5,987
  6,844
  7,760
  8,733
  9,763
  10,848
  11,987
  13,179
  14,426
  15,725
  17,079
  18,488
  19,953
  21,475
  23,057
  24,702
  26,410
  28,187
  30,034
  31,956
  33,955
  36,038
  38,207
  40,468
  42,825
  45,285
  47,852
  50,532
  53,333
Variable operating expenses, $m
 
  4,475
  5,134
  5,842
  6,600
  7,404
  8,256
  9,153
  10,095
  11,081
  12,111
  13,003
  14,122
  15,287
  16,498
  17,757
  19,066
  20,425
  21,838
  23,307
  24,834
  26,423
  28,077
  29,799
  31,592
  33,462
  35,411
  37,445
  39,568
  41,784
  44,100
Fixed operating expenses, $m
 
  120
  123
  126
  129
  132
  136
  139
  143
  146
  150
  154
  157
  161
  165
  169
  174
  178
  182
  187
  192
  197
  201
  206
  212
  217
  222
  228
  234
  239
  245
Total operating expenses, $m
  3,983
  4,595
  5,257
  5,968
  6,729
  7,536
  8,392
  9,292
  10,238
  11,227
  12,261
  13,157
  14,279
  15,448
  16,663
  17,926
  19,240
  20,603
  22,020
  23,494
  25,026
  26,620
  28,278
  30,005
  31,804
  33,679
  35,633
  37,673
  39,802
  42,023
  44,345
Operating income, $m
  472
  595
  730
  876
  1,031
  1,196
  1,371
  1,556
  1,749
  1,952
  2,164
  2,569
  2,799
  3,039
  3,289
  3,548
  3,818
  4,098
  4,390
  4,693
  5,008
  5,336
  5,677
  6,032
  6,403
  6,789
  7,192
  7,612
  8,051
  8,509
  8,988
EBITDA, $m
  631
  840
  985
  1,140
  1,307
  1,484
  1,671
  1,868
  2,075
  2,293
  2,520
  2,756
  3,003
  3,260
  3,527
  3,804
  4,093
  4,393
  4,705
  5,029
  5,366
  5,717
  6,082
  6,462
  6,858
  7,271
  7,702
  8,152
  8,621
  9,111
  9,623
Interest expense (income), $m
  62
  60
  86
  113
  143
  174
  208
  243
  281
  320
  361
  404
  449
  496
  544
  595
  647
  702
  758
  817
  879
  942
  1,009
  1,078
  1,149
  1,224
  1,302
  1,384
  1,468
  1,557
  1,649
Earnings before tax, $m
  404
  535
  645
  763
  888
  1,022
  1,164
  1,312
  1,469
  1,632
  1,803
  2,165
  2,351
  2,544
  2,745
  2,954
  3,171
  3,397
  3,631
  3,875
  4,129
  4,393
  4,668
  4,955
  5,253
  5,565
  5,889
  6,228
  6,582
  6,952
  7,338
Tax expense, $m
  111
  145
  174
  206
  240
  276
  314
  354
  397
  441
  487
  585
  635
  687
  741
  797
  856
  917
  980
  1,046
  1,115
  1,186
  1,260
  1,338
  1,418
  1,502
  1,590
  1,682
  1,777
  1,877
  1,981
Net income, $m
  293
  391
  471
  557
  649
  746
  849
  958
  1,072
  1,192
  1,316
  1,580
  1,716
  1,857
  2,004
  2,156
  2,315
  2,480
  2,651
  2,829
  3,014
  3,207
  3,408
  3,617
  3,835
  4,062
  4,299
  4,547
  4,805
  5,075
  5,357

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  200
  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
  5,418
  6,077
  7,010
  8,014
  9,086
  10,226
  11,432
  12,702
  14,036
  15,433
  16,892
  18,414
  19,999
  21,648
  23,364
  25,146
  26,999
  28,925
  30,925
  33,006
  35,169
  37,419
  39,760
  42,199
  44,739
  47,386
  50,147
  53,027
  56,033
  59,171
  62,450
Adjusted assets (=assets-cash), $m
  5,218
  6,077
  7,010
  8,014
  9,086
  10,226
  11,432
  12,702
  14,036
  15,433
  16,892
  18,414
  19,999
  21,648
  23,364
  25,146
  26,999
  28,925
  30,925
  33,006
  35,169
  37,419
  39,760
  42,199
  44,739
  47,386
  50,147
  53,027
  56,033
  59,171
  62,450
Revenue / Adjusted assets
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
  0.854
Average production assets, $m
  912
  1,064
  1,227
  1,403
  1,591
  1,790
  2,001
  2,224
  2,457
  2,702
  2,957
  3,224
  3,501
  3,790
  4,090
  4,402
  4,727
  5,064
  5,414
  5,778
  6,157
  6,551
  6,961
  7,388
  7,832
  8,296
  8,779
  9,283
  9,810
  10,359
  10,933
Working capital, $m
  893
  856
  988
  1,129
  1,280
  1,441
  1,611
  1,790
  1,978
  2,175
  2,380
  2,595
  2,818
  3,050
  3,292
  3,543
  3,804
  4,076
  4,358
  4,651
  4,956
  5,273
  5,603
  5,946
  6,304
  6,677
  7,066
  7,472
  7,896
  8,338
  8,800
Total debt, $m
  1,438
  1,989
  2,628
  3,315
  4,050
  4,831
  5,657
  6,527
  7,441
  8,397
  9,397
  10,439
  11,525
  12,655
  13,830
  15,051
  16,320
  17,639
  19,010
  20,435
  21,916
  23,458
  25,062
  26,732
  28,472
  30,286
  32,176
  34,149
  36,208
  38,358
  40,605
Total liabilities, $m
  3,612
  4,163
  4,802
  5,489
  6,224
  7,005
  7,831
  8,701
  9,615
  10,571
  11,571
  12,613
  13,699
  14,829
  16,004
  17,225
  18,494
  19,813
  21,184
  22,609
  24,090
  25,632
  27,236
  28,906
  30,646
  32,460
  34,350
  36,323
  38,382
  40,532
  42,779
Total equity, $m
  1,806
  1,914
  2,208
  2,524
  2,862
  3,221
  3,601
  4,001
  4,421
  4,861
  5,321
  5,800
  6,300
  6,819
  7,360
  7,921
  8,505
  9,111
  9,742
  10,397
  11,078
  11,787
  12,525
  13,293
  14,093
  14,927
  15,796
  16,703
  17,650
  18,639
  19,672
Total liabilities and equity, $m
  5,418
  6,077
  7,010
  8,013
  9,086
  10,226
  11,432
  12,702
  14,036
  15,432
  16,892
  18,413
  19,999
  21,648
  23,364
  25,146
  26,999
  28,924
  30,926
  33,006
  35,168
  37,419
  39,761
  42,199
  44,739
  47,387
  50,146
  53,026
  56,032
  59,171
  62,451
Debt-to-equity ratio
  0.796
  1.040
  1.190
  1.310
  1.420
  1.500
  1.570
  1.630
  1.680
  1.730
  1.770
  1.800
  1.830
  1.860
  1.880
  1.900
  1.920
  1.940
  1.950
  1.970
  1.980
  1.990
  2.000
  2.010
  2.020
  2.030
  2.040
  2.040
  2.050
  2.060
  2.060
Adjusted equity ratio
  0.308
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315
  0.315

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  293
  391
  471
  557
  649
  746
  849
  958
  1,072
  1,192
  1,316
  1,580
  1,716
  1,857
  2,004
  2,156
  2,315
  2,480
  2,651
  2,829
  3,014
  3,207
  3,408
  3,617
  3,835
  4,062
  4,299
  4,547
  4,805
  5,075
  5,357
Depreciation, amort., depletion, $m
  159
  245
  255
  265
  276
  287
  300
  312
  326
  340
  355
  187
  204
  220
  238
  256
  275
  294
  315
  336
  358
  381
  405
  430
  455
  482
  510
  540
  570
  602
  636
Funds from operations, $m
  501
  636
  725
  821
  924
  1,033
  1,149
  1,271
  1,398
  1,532
  1,672
  1,768
  1,919
  2,077
  2,241
  2,412
  2,590
  2,774
  2,966
  3,165
  3,372
  3,588
  3,813
  4,047
  4,290
  4,545
  4,810
  5,086
  5,375
  5,677
  5,993
Change in working capital, $m
  -18
  121
  131
  141
  151
  161
  170
  179
  188
  197
  206
  214
  223
  232
  242
  251
  261
  271
  282
  293
  305
  317
  330
  344
  358
  373
  389
  406
  424
  442
  462
Cash from operations, $m
  519
  515
  594
  680
  773
  873
  979
  1,092
  1,210
  1,335
  1,466
  1,553
  1,696
  1,845
  2,000
  2,161
  2,328
  2,503
  2,684
  2,872
  3,067
  3,271
  3,483
  3,703
  3,932
  4,171
  4,421
  4,681
  4,952
  5,235
  5,531
Maintenance CAPEX, $m
  0
  -53
  -62
  -71
  -82
  -92
  -104
  -116
  -129
  -143
  -157
  -172
  -187
  -204
  -220
  -238
  -256
  -275
  -294
  -315
  -336
  -358
  -381
  -405
  -430
  -455
  -482
  -510
  -540
  -570
  -602
New CAPEX, $m
  -187
  -152
  -163
  -176
  -188
  -200
  -211
  -222
  -234
  -245
  -255
  -266
  -278
  -289
  -300
  -312
  -324
  -337
  -350
  -364
  -379
  -394
  -410
  -427
  -445
  -463
  -483
  -504
  -526
  -550
  -574
Cash from investing activities, $m
  -183
  -205
  -225
  -247
  -270
  -292
  -315
  -338
  -363
  -388
  -412
  -438
  -465
  -493
  -520
  -550
  -580
  -612
  -644
  -679
  -715
  -752
  -791
  -832
  -875
  -918
  -965
  -1,014
  -1,066
  -1,120
  -1,176
Free cash flow, $m
  336
  309
  369
  433
  504
  581
  664
  753
  848
  948
  1,053
  1,115
  1,231
  1,353
  1,479
  1,611
  1,748
  1,891
  2,039
  2,193
  2,353
  2,519
  2,692
  2,871
  3,058
  3,253
  3,455
  3,666
  3,886
  4,115
  4,354
Issuance/(repayment) of debt, $m
  -40
  591
  639
  687
  735
  781
  826
  870
  914
  957
  1,000
  1,043
  1,086
  1,130
  1,175
  1,221
  1,269
  1,319
  1,371
  1,425
  1,482
  1,541
  1,604
  1,670
  1,740
  1,813
  1,891
  1,973
  2,059
  2,150
  2,246
Issuance/(repurchase) of shares, $m
  -134
  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  
  -170
  591
  639
  687
  735
  781
  826
  870
  914
  957
  1,000
  1,043
  1,086
  1,130
  1,175
  1,221
  1,269
  1,319
  1,371
  1,425
  1,482
  1,541
  1,604
  1,670
  1,740
  1,813
  1,891
  1,973
  2,059
  2,150
  2,246
Total cash flow (excl. dividends), $m
  166
  900
  1,008
  1,120
  1,238
  1,362
  1,490
  1,623
  1,761
  1,904
  2,053
  2,157
  2,317
  2,482
  2,654
  2,832
  3,017
  3,210
  3,410
  3,618
  3,834
  4,060
  4,296
  4,542
  4,798
  5,066
  5,346
  5,639
  5,945
  6,265
  6,600
Retained Cash Flow (-), $m
  -131
  -268
  -294
  -316
  -338
  -359
  -380
  -400
  -420
  -440
  -460
  -479
  -499
  -520
  -540
  -562
  -584
  -606
  -630
  -655
  -681
  -709
  -738
  -768
  -800
  -834
  -870
  -907
  -947
  -989
  -1,033
Prev. year cash balance distribution, $m
 
  160
  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
 
  792
  714
  804
  901
  1,003
  1,110
  1,223
  1,341
  1,465
  1,593
  1,678
  1,818
  1,963
  2,114
  2,271
  2,434
  2,603
  2,779
  2,962
  3,153
  3,352
  3,558
  3,774
  3,998
  4,232
  4,476
  4,732
  4,998
  5,276
  5,567
Discount rate, %
 
  5.60
  5.88
  6.17
  6.48
  6.81
  7.15
  7.50
  7.88
  8.27
  8.69
  9.12
  9.58
  10.06
  10.56
  11.09
  11.64
  12.22
  12.84
  13.48
  14.15
  14.86
  15.60
  16.38
  17.20
  18.06
  18.96
  19.91
  20.91
  21.95
  23.05
PV of cash for distribution, $m
 
  750
  637
  672
  701
  721
  734
  737
  731
  716
  693
  642
  607
  565
  518
  469
  418
  366
  316
  268
  223
  183
  147
  115
  89
  67
  49
  35
  25
  17
  11
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

Orbital ATK, Inc. is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company's segments include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Its products include launch vehicles and related propulsion systems; satellites and associated components and services; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition. The Flight Systems Group segment consists of Launch Vehicles Division, Propulsion Systems Division and Aerospace Structures Division. The Defense Systems Group segment consists of Armament Systems Division, Defense Electronic Division, Missile Products Division and Small Caliber Systems Division. The Space Systems Group consists of Commercial Satellites Division, Government Satellites Division, Space Components Division and Technical Services Division.

FINANCIAL RATIOS  of  Orbital ATK (OA)

Valuation Ratios
P/E Ratio 26.1
Price to Sales 1.7
Price to Book 4.2
Price to Tangible Book
Price to Cash Flow 14.7
Price to Free Cash Flow 23
Growth Rates
Sales Growth Rate 31.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 78.1%
Cap. Spend. - 3 Yr. Gr. Rate 12%
Financial Strength
Quick Ratio 5
Current Ratio 0.1
LT Debt to Equity 77.4%
Total Debt to Equity 79.6%
Interest Coverage 8
Management Effectiveness
Return On Assets 6.3%
Ret/ On Assets - 3 Yr. Avg. 4.9%
Return On Total Capital 9.2%
Ret/ On T. Cap. - 3 Yr. Avg. 6.8%
Return On Equity 16.8%
Return On Equity - 3 Yr. Avg. 12.9%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 22.1%
Gross Margin - 3 Yr. Avg. 21.4%
EBITDA Margin 14%
EBITDA Margin - 3 Yr. Avg. 11.9%
Operating Margin 10.6%
Oper. Margin - 3 Yr. Avg. 8.9%
Pre-Tax Margin 9.1%
Pre-Tax Margin - 3 Yr. Avg. 6.9%
Net Profit Margin 6.6%
Net Profit Margin - 3 Yr. Avg. 6.1%
Effective Tax Rate 27.5%
Eff/ Tax Rate - 3 Yr. Avg. 30.9%
Payout Ratio 23.9%

OA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OA stock intrinsic value calculation we used $4455 million for the last fiscal year's total revenue generated by Orbital ATK. The default revenue input number comes from 2016 income statement of Orbital ATK. 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 OA stock valuation model: a) initial revenue growth rate of 16.5% 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 5.6%, whose default value for OA is calculated based on our internal credit rating of Orbital ATK, 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 Orbital ATK.
    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 OA stock the variable cost ratio is equal to 86.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $117 million in the base year in the intrinsic value calculation for OA 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 4.3% for Orbital ATK.

Corporate tax rate of 27% is the nominal tax rate for Orbital ATK. 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 OA 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 OA are equal to 20.5%.

Life of production assets of 17.2 years is the average useful life of capital assets used in Orbital ATK 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 OA is equal to 16.5%. 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 - $1806 million for Orbital ATK - 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 57.871 million for Orbital ATK 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 Orbital ATK at the current share price and the inputted number of shares is $7.7 billion.

RELATED COMPANIES Price Int.Val. Rating
VSTO Vista Outdoor 15.67 36.55  str.buy
LMT Lockheed Marti 329.00 91.97  str.sell
BA Boeing 338.00 73.51  str.sell
NOC Northrop Grumm 315.14 384.99  buy

COMPANY NEWS

▶ Orbital ATK Will Guide Hitchhikers to the Galaxy   [Dec-16-17 03:23PM  Motley Fool]
▶ North Korea's missile has more advanced tech   [Nov-30-17 11:42AM  Yahoo Finance Video]
▶ Orbital ATK Supports Launch of ULAs Delta II Rocket   [Nov-20-17 08:30AM  Business Wire]
▶ 5 Supernova Stocks That Have Flown Under the Radar   [Nov-14-17 09:47AM  Motley Fool]
▶ [$$] Orbital ATK Successfully Launches Antares Rocket   [07:41AM  The Wall Street Journal]
▶ Orbital ATK beats Street 3Q forecasts   [06:20AM  Associated Press]
▶ Watch Orbital ATKs new rocket blast off on its maiden voyage   [Nov-01-17 10:16AM  American City Business Journals]
▶ Orbital ATK Delivers 100,000th HELLFIRE Rocket Motor   [Oct-25-17 08:30AM  Business Wire]
▶ Northrop Grumman (NOC): More Dominant Than Ever   [Sep-27-17 01:56PM  InvestorPlace]
▶ Play Offense With This Defense ETF   [Sep-26-17 03:17PM  Benzinga]
▶ Dayton-area defense firm to embark on $5M expansion   [02:05PM  American City Business Journals]
▶ Company News For Sep 19, 2017   [09:58AM  Zacks]
▶ Today's Top Supply Chain and Logistics News From WSJ   [06:38AM  The Wall Street Journal]
▶ Stocks To Watch: Orbital ATK Sees RS Rating Jump To 95   [03:00AM  Investor's Business Daily]
▶ Nasdaq Turns Red Even As More Stock Breakouts Emerge   [02:41PM  Investor's Business Daily]
▶ [$$] Northrop Grumman: fight club   [01:37PM  Financial Times]
▶ Aerospace and Defense ETFs Rocket Higher   [12:52PM  Barrons.com]
Financial statements of OA
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.