Intrinsic value of Ply Gem Holdings - PGEM

Previous Close

$15.75

  Intrinsic Value

$3.49

stock screener

  Rating & Target

str. sell

-78%

  Value-price divergence*

-63%

Previous close

$15.75

 
Intrinsic value

$3.49

 
Up/down potential

-78%

 
Rating

str. sell

 
Value-price divergence*

-63%

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

We calculate the intrinsic value of PGEM 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 1.1

 

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, %
  3.91
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
  5.03
  5.03
  5.03
  5.02
  5.02
  5.02
  5.02
  5.02
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.01
  5.00
Revenue, $m
  1,912
  2,010
  2,112
  2,219
  2,332
  2,450
  2,574
  2,704
  2,840
  2,983
  3,134
  3,292
  3,457
  3,631
  3,814
  4,005
  4,206
  4,417
  4,639
  4,871
  5,116
  5,372
  5,641
  5,924
  6,221
  6,532
  6,859
  7,203
  7,563
  7,942
  8,339
Variable operating expenses, $m
 
  1,886
  1,980
  2,078
  2,181
  2,289
  2,403
  2,522
  2,647
  2,778
  2,915
  3,012
  3,163
  3,322
  3,489
  3,664
  3,848
  4,042
  4,244
  4,457
  4,681
  4,915
  5,162
  5,420
  5,692
  5,977
  6,276
  6,590
  6,920
  7,266
  7,630
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
  1,816
  1,886
  1,980
  2,078
  2,181
  2,289
  2,403
  2,522
  2,647
  2,778
  2,915
  3,012
  3,163
  3,322
  3,489
  3,664
  3,848
  4,042
  4,244
  4,457
  4,681
  4,915
  5,162
  5,420
  5,692
  5,977
  6,276
  6,590
  6,920
  7,266
  7,630
Operating income, $m
  96
  123
  132
  141
  150
  160
  171
  182
  194
  206
  219
  280
  294
  309
  324
  341
  358
  376
  395
  414
  435
  457
  480
  504
  529
  556
  583
  613
  643
  675
  709
EBITDA, $m
  152
  193
  202
  213
  224
  235
  247
  259
  272
  286
  300
  316
  331
  348
  366
  384
  403
  423
  445
  467
  490
  515
  541
  568
  596
  626
  658
  690
  725
  761
  799
Interest expense (income), $m
  59
  55
  50
  54
  58
  63
  67
  72
  77
  82
  88
  94
  100
  106
  113
  120
  127
  135
  143
  152
  161
  170
  180
  190
  201
  213
  224
  237
  250
  264
  279
Earnings before tax, $m
  23
  68
  81
  86
  92
  98
  104
  110
  117
  123
  131
  186
  194
  203
  212
  221
  231
  241
  251
  263
  275
  287
  300
  314
  328
  343
  359
  376
  393
  411
  431
Tax expense, $m
  -52
  18
  22
  23
  25
  26
  28
  30
  31
  33
  35
  50
  52
  55
  57
  60
  62
  65
  68
  71
  74
  77
  81
  85
  89
  93
  97
  101
  106
  111
  116
Net income, $m
  75
  50
  59
  63
  67
  71
  76
  80
  85
  90
  95
  136
  142
  148
  154
  161
  168
  176
  184
  192
  200
  209
  219
  229
  239
  250
  262
  274
  287
  300
  314

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  52
  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
  1,258
  1,322
  1,389
  1,460
  1,534
  1,612
  1,693
  1,779
  1,869
  1,963
  2,062
  2,166
  2,274
  2,389
  2,509
  2,635
  2,767
  2,906
  3,052
  3,205
  3,366
  3,534
  3,711
  3,897
  4,093
  4,297
  4,513
  4,739
  4,976
  5,225
  5,486
Adjusted assets (=assets-cash), $m
  1,206
  1,322
  1,389
  1,460
  1,534
  1,612
  1,693
  1,779
  1,869
  1,963
  2,062
  2,166
  2,274
  2,389
  2,509
  2,635
  2,767
  2,906
  3,052
  3,205
  3,366
  3,534
  3,711
  3,897
  4,093
  4,297
  4,513
  4,739
  4,976
  5,225
  5,486
Revenue / Adjusted assets
  1.585
  1.520
  1.521
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
  1.520
Average production assets, $m
  280
  293
  308
  324
  340
  358
  376
  395
  415
  436
  458
  481
  505
  530
  557
  585
  614
  645
  677
  711
  747
  784
  824
  865
  908
  954
  1,001
  1,052
  1,104
  1,159
  1,218
Working capital, $m
  176
  135
  141
  149
  156
  164
  172
  181
  190
  200
  210
  221
  232
  243
  256
  268
  282
  296
  311
  326
  343
  360
  378
  397
  417
  438
  460
  483
  507
  532
  559
Total debt, $m
  840
  776
  836
  900
  967
  1,037
  1,110
  1,187
  1,268
  1,353
  1,442
  1,535
  1,633
  1,736
  1,844
  1,957
  2,076
  2,201
  2,333
  2,470
  2,615
  2,767
  2,926
  3,094
  3,269
  3,454
  3,647
  3,851
  4,064
  4,288
  4,524
Total liabilities, $m
  1,254
  1,190
  1,250
  1,314
  1,381
  1,451
  1,524
  1,601
  1,682
  1,767
  1,856
  1,949
  2,047
  2,150
  2,258
  2,371
  2,490
  2,615
  2,747
  2,884
  3,029
  3,181
  3,340
  3,508
  3,683
  3,868
  4,061
  4,265
  4,478
  4,702
  4,938
Total equity, $m
  4
  132
  139
  146
  153
  161
  169
  178
  187
  196
  206
  217
  227
  239
  251
  263
  277
  291
  305
  320
  337
  353
  371
  390
  409
  430
  451
  474
  498
  522
  549
Total liabilities and equity, $m
  1,258
  1,322
  1,389
  1,460
  1,534
  1,612
  1,693
  1,779
  1,869
  1,963
  2,062
  2,166
  2,274
  2,389
  2,509
  2,634
  2,767
  2,906
  3,052
  3,204
  3,366
  3,534
  3,711
  3,898
  4,092
  4,298
  4,512
  4,739
  4,976
  5,224
  5,487
Debt-to-equity ratio
  210.000
  5.870
  6.020
  6.160
  6.300
  6.430
  6.550
  6.670
  6.780
  6.890
  6.990
  7.090
  7.180
  7.270
  7.350
  7.430
  7.500
  7.580
  7.640
  7.710
  7.770
  7.830
  7.880
  7.940
  7.990
  8.040
  8.080
  8.130
  8.170
  8.210
  8.250
Adjusted equity ratio
  -0.040
  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
  75
  50
  59
  63
  67
  71
  76
  80
  85
  90
  95
  136
  142
  148
  154
  161
  168
  176
  184
  192
  200
  209
  219
  229
  239
  250
  262
  274
  287
  300
  314
Depreciation, amort., depletion, $m
  56
  70
  71
  72
  73
  74
  76
  77
  79
  80
  82
  36
  37
  39
  41
  43
  45
  48
  50
  53
  55
  58
  61
  64
  67
  71
  74
  78
  82
  86
  90
Funds from operations, $m
  126
  120
  130
  135
  140
  146
  151
  157
  164
  170
  177
  172
  179
  187
  196
  204
  214
  224
  234
  244
  256
  268
  280
  293
  307
  321
  336
  352
  369
  386
  404
Change in working capital, $m
  -19
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  15
  16
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
Cash from operations, $m
  145
  113
  123
  128
  133
  138
  143
  149
  155
  161
  167
  161
  168
  176
  183
  192
  200
  209
  219
  229
  239
  250
  262
  274
  287
  300
  314
  329
  345
  361
  378
Maintenance CAPEX, $m
  0
  -21
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
  -45
  -48
  -50
  -53
  -55
  -58
  -61
  -64
  -67
  -71
  -74
  -78
  -82
  -86
New CAPEX, $m
  -36
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -27
  -28
  -29
  -31
  -32
  -34
  -36
  -37
  -39
  -41
  -43
  -45
  -48
  -50
  -53
  -55
  -58
Cash from investing activities, $m
  -36
  -35
  -37
  -39
  -40
  -42
  -44
  -47
  -49
  -52
  -54
  -57
  -60
  -62
  -66
  -69
  -72
  -76
  -80
  -84
  -89
  -92
  -97
  -102
  -107
  -112
  -119
  -124
  -131
  -137
  -144
Free cash flow, $m
  109
  78
  87
  89
  92
  95
  98
  102
  105
  109
  113
  104
  108
  113
  118
  122
  128
  133
  139
  145
  151
  158
  165
  172
  179
  187
  196
  205
  214
  224
  234
Issuance/(repayment) of debt, $m
  -164
  -64
  61
  64
  67
  70
  73
  77
  81
  85
  89
  93
  98
  103
  108
  113
  119
  125
  131
  138
  145
  152
  159
  167
  176
  184
  194
  203
  213
  224
  235
Issuance/(repurchase) of shares, $m
  1
  78
  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  
  -168
  14
  61
  64
  67
  70
  73
  77
  81
  85
  89
  93
  98
  103
  108
  113
  119
  125
  131
  138
  145
  152
  159
  167
  176
  184
  194
  203
  213
  224
  235
Total cash flow (excl. dividends), $m
  -58
  93
  147
  153
  159
  165
  172
  179
  186
  194
  202
  197
  206
  216
  226
  236
  247
  258
  270
  282
  296
  309
  324
  339
  355
  372
  390
  408
  427
  448
  469
Retained Cash Flow (-), $m
  -81
  -128
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
  -20
  -20
  -22
  -23
  -24
  -25
  -26
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
 
  -36
  140
  146
  151
  157
  164
  170
  177
  184
  192
  187
  195
  204
  214
  223
  233
  244
  255
  267
  280
  293
  306
  321
  336
  351
  368
  385
  404
  423
  443
Discount rate, %
 
  12.40
  13.02
  13.67
  14.35
  15.07
  15.83
  16.62
  17.45
  18.32
  19.24
  20.20
  21.21
  22.27
  23.38
  24.55
  25.78
  27.07
  28.42
  29.84
  31.33
  32.90
  34.55
  36.27
  38.09
  39.99
  41.99
  44.09
  46.29
  48.61
  51.04
PV of cash for distribution, $m
 
  -32
  110
  99
  89
  78
  68
  58
  49
  41
  33
  25
  19
  15
  11
  8
  6
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8
  33.8

Ply Gem Holdings, Inc., together with its subsidiaries, manufactures and sells residential and commercial building products primarily in the United States and Canada. The company operates in two segments: Siding, Fencing and Stone; and Windows and Doors. The Siding, Fencing and Stone segment primarily offers vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trims and mouldings, J-channels, wide crown moldings, window and door trims, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, vinyl fence, vinyl and composite railing, and stone veneer products, as well as injection molded designer accents, such as shakes, shingles, scallops, shutters, vents, and mounts. This segment sells its products to new construction and home repair and remodeling sectors primarily under the Variform, Napco, Mastic Home Exteriors, Mitten, Procanna, Cellwood, Ply Gem, Ply Gem Stone, Durabuilt, Leaf Relief, Leaf Relief Snap Tight, Leaf Smart, and Leaf Logic brand names, as well as through the Georgia-Pacific private label brand names. The Windows and Doors segment provides vinyl, aluminum-clad vinyl, aluminum, wood, and clad-wood windows and patio doors, as well as steel, wood, and fiberglass entry doors primarily under the Ply Gem Windows, Simonton Windows, Great Lakes Window, and Ply Gem Canada brand names. This segment sells its products to the new home construction sectors through independent building material dealers, regional/national lumberyard chains, builder direct/OEMs, and retail home centers; and home repair and remodeling sectors through independent home improvement dealers, one-step distributors, and big box retail outlets. The company was incorporated in 2004 and is headquartered in Cary, North Carolina. Ply Gem Holdings, Inc. is a subsidiary of Ply Gem Prime Holdings, Inc.

FINANCIAL RATIOS  of  Ply Gem Holdings (PGEM)

Valuation Ratios
P/E Ratio 14.3
Price to Sales 0.6
Price to Book 268.8
Price to Tangible Book
Price to Cash Flow 7.4
Price to Free Cash Flow 9.9
Growth Rates
Sales Growth Rate 3.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 5.9%
Cap. Spend. - 3 Yr. Gr. Rate 6.7%
Financial Strength
Quick Ratio 13
Current Ratio 0
LT Debt to Equity 20900%
Total Debt to Equity 21000%
Interest Coverage 1
Management Effectiveness
Return On Assets 21.2%
Ret/ On Assets - 3 Yr. Avg. 10.4%
Return On Total Capital 8.6%
Ret/ On T. Cap. - 3 Yr. Avg. 2.8%
Return On Equity -205.5%
Return On Equity - 3 Yr. Avg. -66.9%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 24.2%
Gross Margin - 3 Yr. Avg. 22.2%
EBITDA Margin 7.2%
EBITDA Margin - 3 Yr. Avg. 6.8%
Operating Margin 5%
Oper. Margin - 3 Yr. Avg. 4.5%
Pre-Tax Margin 1.2%
Pre-Tax Margin - 3 Yr. Avg. 0.3%
Net Profit Margin 3.9%
Net Profit Margin - 3 Yr. Avg. 1.2%
Effective Tax Rate -226.1%
Eff/ Tax Rate - 3 Yr. Avg. -75.4%
Payout Ratio 0%

PGEM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PGEM stock intrinsic value calculation we used $1912 million for the last fiscal year's total revenue generated by Ply Gem Holdings. The default revenue input number comes from 2016 income statement of Ply Gem Holdings. 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 PGEM stock valuation model: a) initial revenue growth rate of 5.1% 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 12.4%, whose default value for PGEM is calculated based on our internal credit rating of Ply Gem Holdings, 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 Ply Gem Holdings.
    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 PGEM stock the variable cost ratio is equal to 94%.

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 PGEM 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 6.5% for Ply Gem Holdings.

Corporate tax rate of 27% is the nominal tax rate for Ply Gem Holdings. 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 PGEM 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 PGEM are equal to 14.6%.

Life of production assets of 13.5 years is the average useful life of capital assets used in Ply Gem Holdings 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 PGEM is equal to 6.7%. 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 - $4 million for Ply Gem Holdings - 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 66.856 million for Ply Gem Holdings 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 Ply Gem Holdings at the current share price and the inputted number of shares is $1.1 billion.

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COMPANY NEWS

▶ Ply Gem misses Street 2Q forecasts   [Aug-08-17 12:01AM  Associated Press]
▶ Ply Gem Reports Second Quarter 2017 Results   [Aug-07-17 07:00AM  Business Wire]
▶ 3 Growth Stocks for June   [Jun-08-17 11:31AM  Motley Fool]
▶ Ply Gem reports 1Q loss   [May-08-17 07:12AM  Associated Press]
▶ Ply Gem Reports First Quarter 2017 Results   [07:00AM  Business Wire]
▶ 6 Stocks Trading Below Peter Lynch Value   [Apr-06-17 03:44PM  GuruFocus.com]
▶ Ply Gem misses 4Q profit forecasts   [07:18AM  Associated Press]
▶ Do Hedge Funds Love Ply Gem Holdings Inc (PGEM)?   [Dec-02-16 08:55AM  at Insider Monkey]
▶ Ply Gem Reports Third Quarter 2016 Results   [07:00AM  Business Wire]
▶ Ply Gem Reports Second Quarter 2016 Results   [07:00AM  Business Wire]
▶ Ply Gem Reports First Quarter 2016 Results   [07:00AM  Business Wire]
Stock chart of PGEM Financial statements of PGEM
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.

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