Intrinsic value of Owens-Illinois - OI

Previous Close

$24.14

  Intrinsic Value

$10.32

stock screener

  Rating & Target

str. sell

-57%

  Value-price divergence*

-91%

Previous close

$24.14

 
Intrinsic value

$10.32

 
Up/down potential

-57%

 
Rating

str. sell

 
Value-price divergence*

-91%

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

We calculate the intrinsic value of OI 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 3.9

 

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, %
  8.87
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  6,702
  6,836
  6,993
  7,173
  7,375
  7,598
  7,844
  8,111
  8,400
  8,711
  9,046
  9,403
  9,785
  10,191
  10,623
  11,082
  11,567
  12,081
  12,625
  13,199
  13,806
  14,446
  15,121
  15,832
  16,581
  17,371
  18,202
  19,077
  19,997
  20,966
  21,984
Variable operating expenses, $m
 
  5,731
  5,857
  6,001
  6,163
  6,342
  6,539
  6,753
  6,985
  7,235
  7,503
  7,544
  7,850
  8,176
  8,523
  8,890
  9,280
  9,692
  10,129
  10,589
  11,076
  11,589
  12,131
  12,701
  13,303
  13,936
  14,603
  15,305
  16,043
  16,820
  17,637
Fixed operating expenses, $m
 
  761
  780
  799
  819
  840
  860
  882
  904
  927
  950
  974
  998
  1,023
  1,048
  1,075
  1,102
  1,129
  1,157
  1,186
  1,216
  1,246
  1,277
  1,309
  1,342
  1,376
  1,410
  1,445
  1,481
  1,518
  1,556
Total operating expenses, $m
  6,346
  6,492
  6,637
  6,800
  6,982
  7,182
  7,399
  7,635
  7,889
  8,162
  8,453
  8,518
  8,848
  9,199
  9,571
  9,965
  10,382
  10,821
  11,286
  11,775
  12,292
  12,835
  13,408
  14,010
  14,645
  15,312
  16,013
  16,750
  17,524
  18,338
  19,193
Operating income, $m
  356
  345
  357
  373
  393
  417
  444
  476
  511
  550
  593
  886
  937
  992
  1,052
  1,117
  1,186
  1,260
  1,339
  1,424
  1,514
  1,610
  1,712
  1,821
  1,937
  2,059
  2,189
  2,327
  2,473
  2,627
  2,791
EBITDA, $m
  834
  878
  896
  920
  948
  981
  1,019
  1,062
  1,109
  1,161
  1,218
  1,280
  1,347
  1,419
  1,497
  1,581
  1,670
  1,766
  1,868
  1,977
  2,093
  2,216
  2,346
  2,485
  2,631
  2,787
  2,952
  3,126
  3,311
  3,506
  3,712
Interest expense (income), $m
  261
  256
  232
  241
  252
  264
  277
  291
  307
  324
  342
  362
  383
  405
  429
  455
  482
  510
  541
  573
  606
  642
  680
  719
  761
  805
  852
  901
  952
  1,006
  1,063
Earnings before tax, $m
  356
  89
  125
  132
  141
  153
  168
  184
  204
  226
  250
  524
  554
  587
  623
  662
  704
  750
  799
  851
  908
  968
  1,033
  1,102
  1,175
  1,254
  1,337
  1,426
  1,521
  1,621
  1,727
Tax expense, $m
  119
  24
  34
  36
  38
  41
  45
  50
  55
  61
  68
  141
  150
  158
  168
  179
  190
  202
  216
  230
  245
  261
  279
  297
  317
  339
  361
  385
  411
  438
  466
Net income, $m
  209
  65
  91
  96
  103
  112
  122
  135
  149
  165
  183
  383
  404
  429
  455
  483
  514
  547
  583
  621
  663
  707
  754
  804
  858
  915
  976
  1,041
  1,110
  1,183
  1,261

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  492
  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
  9,135
  9,313
  9,528
  9,772
  10,047
  10,352
  10,686
  11,050
  11,444
  11,868
  12,324
  12,811
  13,331
  13,885
  14,473
  15,098
  15,759
  16,459
  17,200
  17,983
  18,809
  19,681
  20,600
  21,569
  22,590
  23,666
  24,798
  25,990
  27,244
  28,564
  29,952
Adjusted assets (=assets-cash), $m
  8,643
  9,313
  9,528
  9,772
  10,047
  10,352
  10,686
  11,050
  11,444
  11,868
  12,324
  12,811
  13,331
  13,885
  14,473
  15,098
  15,759
  16,459
  17,200
  17,983
  18,809
  19,681
  20,600
  21,569
  22,590
  23,666
  24,798
  25,990
  27,244
  28,564
  29,952
Revenue / Adjusted assets
  0.775
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
Average production assets, $m
  3,537
  3,609
  3,692
  3,787
  3,894
  4,012
  4,141
  4,283
  4,435
  4,600
  4,776
  4,965
  5,167
  5,381
  5,609
  5,851
  6,107
  6,379
  6,666
  6,969
  7,289
  7,627
  7,984
  8,359
  8,755
  9,172
  9,611
  10,073
  10,559
  11,070
  11,608
Working capital, $m
  194
  -103
  -105
  -108
  -111
  -114
  -118
  -122
  -126
  -131
  -136
  -141
  -147
  -153
  -159
  -166
  -174
  -181
  -189
  -198
  -207
  -217
  -227
  -237
  -249
  -261
  -273
  -286
  -300
  -314
  -330
Total debt, $m
  5,328
  4,829
  5,022
  5,242
  5,490
  5,764
  6,065
  6,392
  6,747
  7,129
  7,539
  7,977
  8,445
  8,943
  9,473
  10,035
  10,630
  11,261
  11,927
  12,631
  13,375
  14,160
  14,987
  15,859
  16,778
  17,746
  18,765
  19,838
  20,967
  22,154
  23,403
Total liabilities, $m
  8,881
  8,382
  8,575
  8,795
  9,043
  9,317
  9,618
  9,945
  10,300
  10,682
  11,092
  11,530
  11,998
  12,496
  13,026
  13,588
  14,183
  14,814
  15,480
  16,184
  16,928
  17,713
  18,540
  19,412
  20,331
  21,299
  22,318
  23,391
  24,520
  25,707
  26,956
Total equity, $m
  254
  931
  953
  977
  1,005
  1,035
  1,069
  1,105
  1,144
  1,187
  1,232
  1,281
  1,333
  1,388
  1,447
  1,510
  1,576
  1,646
  1,720
  1,798
  1,881
  1,968
  2,060
  2,157
  2,259
  2,367
  2,480
  2,599
  2,724
  2,856
  2,995
Total liabilities and equity, $m
  9,135
  9,313
  9,528
  9,772
  10,048
  10,352
  10,687
  11,050
  11,444
  11,869
  12,324
  12,811
  13,331
  13,884
  14,473
  15,098
  15,759
  16,460
  17,200
  17,982
  18,809
  19,681
  20,600
  21,569
  22,590
  23,666
  24,798
  25,990
  27,244
  28,563
  29,951
Debt-to-equity ratio
  20.976
  5.190
  5.270
  5.360
  5.460
  5.570
  5.680
  5.780
  5.900
  6.010
  6.120
  6.230
  6.330
  6.440
  6.550
  6.650
  6.750
  6.840
  6.930
  7.020
  7.110
  7.190
  7.280
  7.350
  7.430
  7.500
  7.570
  7.630
  7.700
  7.760
  7.810
Adjusted equity ratio
  -0.009
  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
  209
  65
  91
  96
  103
  112
  122
  135
  149
  165
  183
  383
  404
  429
  455
  483
  514
  547
  583
  621
  663
  707
  754
  804
  858
  915
  976
  1,041
  1,110
  1,183
  1,261
Depreciation, amort., depletion, $m
  478
  533
  539
  547
  555
  565
  575
  586
  598
  611
  625
  394
  410
  427
  445
  464
  485
  506
  529
  553
  579
  605
  634
  663
  695
  728
  763
  799
  838
  879
  921
Funds from operations, $m
  776
  598
  631
  643
  658
  676
  697
  721
  747
  776
  808
  777
  815
  856
  900
  948
  999
  1,053
  1,112
  1,175
  1,241
  1,312
  1,388
  1,468
  1,553
  1,643
  1,739
  1,840
  1,948
  2,062
  2,182
Change in working capital, $m
  25
  -2
  -2
  -3
  -3
  -3
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -15
  -15
Cash from operations, $m
  751
  600
  633
  646
  661
  680
  701
  725
  751
  781
  813
  782
  820
  862
  906
  954
  1,006
  1,061
  1,120
  1,183
  1,250
  1,322
  1,398
  1,478
  1,564
  1,655
  1,751
  1,854
  1,962
  2,076
  2,197
Maintenance CAPEX, $m
  0
  -281
  -286
  -293
  -301
  -309
  -318
  -329
  -340
  -352
  -365
  -379
  -394
  -410
  -427
  -445
  -464
  -485
  -506
  -529
  -553
  -579
  -605
  -634
  -663
  -695
  -728
  -763
  -799
  -838
  -879
New CAPEX, $m
  -454
  -73
  -83
  -95
  -107
  -118
  -130
  -141
  -153
  -164
  -177
  -189
  -202
  -215
  -228
  -242
  -256
  -271
  -287
  -303
  -320
  -338
  -356
  -376
  -396
  -417
  -439
  -462
  -486
  -511
  -538
Cash from investing activities, $m
  -417
  -354
  -369
  -388
  -408
  -427
  -448
  -470
  -493
  -516
  -542
  -568
  -596
  -625
  -655
  -687
  -720
  -756
  -793
  -832
  -873
  -917
  -961
  -1,010
  -1,059
  -1,112
  -1,167
  -1,225
  -1,285
  -1,349
  -1,417
Free cash flow, $m
  334
  246
  264
  258
  254
  253
  253
  255
  259
  264
  272
  214
  225
  237
  251
  267
  285
  305
  327
  351
  377
  405
  436
  469
  505
  543
  585
  629
  676
  727
  781
Issuance/(repayment) of debt, $m
  -208
  -499
  193
  220
  247
  274
  301
  328
  355
  382
  410
  439
  468
  498
  530
  562
  595
  630
  667
  704
  744
  785
  827
  872
  919
  968
  1,019
  1,073
  1,129
  1,187
  1,249
Issuance/(repurchase) of shares, $m
  5
  612
  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  
  -228
  113
  193
  220
  247
  274
  301
  328
  355
  382
  410
  439
  468
  498
  530
  562
  595
  630
  667
  704
  744
  785
  827
  872
  919
  968
  1,019
  1,073
  1,129
  1,187
  1,249
Total cash flow (excl. dividends), $m
  93
  359
  456
  478
  502
  527
  554
  583
  613
  646
  681
  653
  693
  735
  781
  829
  881
  935
  993
  1,055
  1,121
  1,190
  1,264
  1,341
  1,424
  1,511
  1,604
  1,702
  1,805
  1,914
  2,030
Retained Cash Flow (-), $m
  -83
  -677
  -21
  -24
  -27
  -30
  -33
  -36
  -39
  -42
  -46
  -49
  -52
  -55
  -59
  -62
  -66
  -70
  -74
  -78
  -83
  -87
  -92
  -97
  -102
  -108
  -113
  -119
  -125
  -132
  -139
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
 
  -318
  435
  454
  474
  496
  520
  546
  574
  604
  636
  604
  641
  680
  722
  767
  814
  865
  919
  977
  1,038
  1,103
  1,172
  1,245
  1,322
  1,404
  1,491
  1,582
  1,680
  1,783
  1,891
Discount rate, %
 
  12.20
  12.81
  13.45
  14.12
  14.83
  15.57
  16.35
  17.17
  18.02
  18.93
  19.87
  20.87
  21.91
  23.00
  24.16
  25.36
  26.63
  27.96
  29.36
  30.83
  32.37
  33.99
  35.69
  37.47
  39.35
  41.31
  43.38
  45.55
  47.83
  50.22
PV of cash for distribution, $m
 
  -283
  342
  311
  280
  249
  218
  189
  162
  136
  112
  82
  66
  52
  40
  30
  22
  16
  11
  7
  5
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6
  80.6

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.

FINANCIAL RATIOS  of  Owens-Illinois (OI)

Valuation Ratios
P/E Ratio 18.8
Price to Sales 0.6
Price to Book 15.4
Price to Tangible Book
Price to Cash Flow 5.2
Price to Free Cash Flow 13.2
Growth Rates
Sales Growth Rate 8.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 12.9%
Cap. Spend. - 3 Yr. Gr. Rate 4.7%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 2020.9%
Total Debt to Equity 2097.6%
Interest Coverage 2
Management Effectiveness
Return On Assets 4.1%
Ret/ On Assets - 3 Yr. Avg. 3.7%
Return On Total Capital 3.7%
Ret/ On T. Cap. - 3 Yr. Avg. 3.2%
Return On Equity 98.4%
Return On Equity - 3 Yr. Avg. 43.7%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 18.1%
Gross Margin - 3 Yr. Avg. 18.2%
EBITDA Margin 16.3%
EBITDA Margin - 3 Yr. Avg. 14.9%
Operating Margin 5.3%
Oper. Margin - 3 Yr. Avg. 4.7%
Pre-Tax Margin 5.3%
Pre-Tax Margin - 3 Yr. Avg. 4.7%
Net Profit Margin 3.1%
Net Profit Margin - 3 Yr. Avg. 2.6%
Effective Tax Rate 33.4%
Eff/ Tax Rate - 3 Yr. Avg. 34.3%
Payout Ratio 0%

OI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OI stock intrinsic value calculation we used $6702 million for the last fiscal year's total revenue generated by Owens-Illinois. The default revenue input number comes from 2016 income statement of Owens-Illinois. 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 OI stock valuation model: a) initial revenue growth rate of 2% 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 12.2%, whose default value for OI is calculated based on our internal credit rating of Owens-Illinois, 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 Owens-Illinois.
    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 OI stock the variable cost ratio is equal to 83.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $742 million in the base year in the intrinsic value calculation for OI 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 4.8% for Owens-Illinois.

Corporate tax rate of 27% is the nominal tax rate for Owens-Illinois. 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 OI 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 OI are equal to 52.8%.

Life of production assets of 12.6 years is the average useful life of capital assets used in Owens-Illinois 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 OI is equal to -1.5%. 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 - $254 million for Owens-Illinois - 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 160.313 million for Owens-Illinois 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 Owens-Illinois at the current share price and the inputted number of shares is $3.9 billion.

RELATED COMPANIES Price Int.Val. Rating
STZ Constellation 194.46 117.46  sell
TAP Molson Coors B 89.57 152.65  str.buy
BLL Ball 42.29 237.13  str.buy
SLGN Silgan Holding 30.85 33.07  hold
CCK Crown Holdings 59.21 34.43  sell
GEF Greif Cl A 56.47 36.27  sell
ATR Aptargroup 88.00 56.90  sell

COMPANY NEWS

▶ Top Ranked Value Stocks to Buy for June 14th   [Jun-14-17 10:25AM  Zacks]
▶ ETFs with exposure to Owens-Illinois, Inc. : May 11, 2017   [May-11-17 05:17PM  Capital Cube]
▶ Top Ranked Value Stocks to Buy for May 3rd   [May-03-17 09:40AM  Zacks]
▶ Owens-Illinois beats Street 1Q forecasts   [Apr-24-17 04:39PM  Associated Press]
▶ Owens-Illinois reports 4Q loss   [Feb-01-17 04:48PM  Associated Press]
▶ Should You Avoid Owens-Illinois Inc (OI)?   [Nov-28-16 06:24AM  at Insider Monkey]
Stock chart of OI Financial statements of OI Annual reports of OI
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.