Intrinsic value of Pier 1 Imports - PIR

Previous Close

$4.11

  Intrinsic Value

$9.92

stock screener

  Rating & Target

str. buy

+141%

  Value-price divergence*

-9%

Previous close

$4.11

 
Intrinsic value

$9.92

 
Up/down potential

+141%

 
Rating

str. buy

 
Value-price divergence*

-9%

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

We calculate the intrinsic value of PIR 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 2017), $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 0.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -3.38
  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
  1,828
  1,865
  1,907
  1,956
  2,012
  2,072
  2,139
  2,212
  2,291
  2,376
  2,467
  2,565
  2,669
  2,780
  2,898
  3,023
  3,155
  3,295
  3,443
  3,600
  3,766
  3,940
  4,124
  4,318
  4,523
  4,738
  4,965
  5,203
  5,454
  5,719
  5,996
Variable operating expenses, $m
 
  1,253
  1,282
  1,315
  1,352
  1,393
  1,438
  1,487
  1,540
  1,597
  1,658
  1,724
  1,794
  1,868
  1,947
  2,031
  2,120
  2,214
  2,314
  2,419
  2,530
  2,648
  2,771
  2,902
  3,039
  3,184
  3,336
  3,497
  3,665
  3,843
  4,030
Fixed operating expenses, $m
 
  574
  588
  603
  618
  634
  649
  666
  682
  699
  717
  735
  753
  772
  791
  811
  831
  852
  873
  895
  918
  941
  964
  988
  1,013
  1,038
  1,064
  1,091
  1,118
  1,146
  1,175
Total operating expenses, $m
  1,774
  1,827
  1,870
  1,918
  1,970
  2,027
  2,087
  2,153
  2,222
  2,296
  2,375
  2,459
  2,547
  2,640
  2,738
  2,842
  2,951
  3,066
  3,187
  3,314
  3,448
  3,589
  3,735
  3,890
  4,052
  4,222
  4,400
  4,588
  4,783
  4,989
  5,205
Operating income, $m
  55
  38
  37
  39
  42
  46
  52
  60
  69
  80
  92
  106
  122
  140
  159
  180
  204
  229
  256
  286
  317
  352
  389
  428
  471
  516
  564
  616
  671
  730
  792
EBITDA, $m
  116
  58
  58
  60
  64
  69
  76
  84
  94
  106
  119
  134
  151
  170
  191
  213
  238
  265
  294
  325
  359
  395
  434
  475
  520
  567
  618
  673
  730
  792
  858
Interest expense (income), $m
  12
  12
  13
  13
  14
  15
  16
  18
  19
  20
  22
  23
  25
  27
  29
  31
  33
  36
  38
  41
  44
  47
  50
  53
  57
  61
  64
  68
  73
  77
  82
Earnings before tax, $m
  45
  26
  25
  25
  27
  31
  36
  42
  50
  60
  71
  83
  97
  113
  130
  149
  170
  193
  218
  245
  274
  305
  339
  375
  414
  455
  500
  547
  598
  652
  710
Tax expense, $m
  15
  7
  7
  7
  7
  8
  10
  11
  14
  16
  19
  22
  26
  30
  35
  40
  46
  52
  59
  66
  74
  82
  91
  101
  112
  123
  135
  148
  162
  176
  192
Net income, $m
  30
  19
  18
  18
  20
  23
  26
  31
  37
  44
  52
  61
  71
  82
  95
  109
  124
  141
  159
  179
  200
  223
  247
  274
  302
  332
  365
  400
  437
  476
  518

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  154
  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
  843
  703
  719
  737
  758
  781
  806
  834
  864
  896
  930
  967
  1,006
  1,048
  1,092
  1,139
  1,189
  1,242
  1,298
  1,357
  1,419
  1,485
  1,555
  1,628
  1,705
  1,786
  1,871
  1,961
  2,056
  2,155
  2,260
Adjusted assets (=assets-cash), $m
  689
  703
  719
  737
  758
  781
  806
  834
  864
  896
  930
  967
  1,006
  1,048
  1,092
  1,139
  1,189
  1,242
  1,298
  1,357
  1,419
  1,485
  1,555
  1,628
  1,705
  1,786
  1,871
  1,961
  2,056
  2,155
  2,260
Revenue / Adjusted assets
  2.653
  2.653
  2.652
  2.654
  2.654
  2.653
  2.654
  2.652
  2.652
  2.652
  2.653
  2.653
  2.653
  2.653
  2.654
  2.654
  2.653
  2.653
  2.653
  2.653
  2.654
  2.653
  2.652
  2.652
  2.653
  2.653
  2.654
  2.653
  2.653
  2.654
  2.653
Average production assets, $m
  199
  203
  208
  213
  219
  226
  233
  241
  250
  259
  269
  280
  291
  303
  316
  329
  344
  359
  375
  392
  410
  429
  450
  471
  493
  516
  541
  567
  595
  623
  654
Working capital, $m
  319
  170
  174
  178
  183
  189
  195
  201
  208
  216
  225
  233
  243
  253
  264
  275
  287
  300
  313
  328
  343
  359
  375
  393
  412
  431
  452
  473
  496
  520
  546
Total debt, $m
  201
  210
  223
  238
  254
  273
  293
  315
  338
  364
  391
  421
  452
  485
  520
  558
  598
  640
  684
  732
  781
  834
  889
  947
  1,009
  1,073
  1,141
  1,213
  1,289
  1,368
  1,451
Total liabilities, $m
  551
  560
  573
  588
  604
  623
  643
  665
  688
  714
  741
  771
  802
  835
  870
  908
  948
  990
  1,034
  1,082
  1,131
  1,184
  1,239
  1,297
  1,359
  1,423
  1,491
  1,563
  1,639
  1,718
  1,801
Total equity, $m
  292
  143
  146
  150
  154
  159
  164
  169
  175
  182
  189
  196
  204
  213
  222
  231
  241
  252
  263
  275
  288
  301
  316
  330
  346
  363
  380
  398
  417
  438
  459
Total liabilities and equity, $m
  843
  703
  719
  738
  758
  782
  807
  834
  863
  896
  930
  967
  1,006
  1,048
  1,092
  1,139
  1,189
  1,242
  1,297
  1,357
  1,419
  1,485
  1,555
  1,627
  1,705
  1,786
  1,871
  1,961
  2,056
  2,156
  2,260
Debt-to-equity ratio
  0.688
  1.470
  1.530
  1.590
  1.650
  1.720
  1.790
  1.860
  1.930
  2.000
  2.070
  2.140
  2.210
  2.280
  2.350
  2.410
  2.480
  2.540
  2.600
  2.660
  2.710
  2.770
  2.820
  2.870
  2.910
  2.960
  3.000
  3.050
  3.090
  3.130
  3.160
Adjusted equity ratio
  0.200
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203
  0.203

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  30
  19
  18
  18
  20
  23
  26
  31
  37
  44
  52
  61
  71
  82
  95
  109
  124
  141
  159
  179
  200
  223
  247
  274
  302
  332
  365
  400
  437
  476
  518
Depreciation, amort., depletion, $m
  61
  20
  21
  21
  22
  23
  23
  24
  25
  26
  27
  28
  29
  30
  32
  33
  34
  36
  38
  39
  41
  43
  45
  47
  49
  52
  54
  57
  59
  62
  65
Funds from operations, $m
  136
  39
  39
  40
  42
  45
  50
  55
  62
  69
  78
  89
  100
  113
  127
  142
  159
  177
  196
  218
  241
  266
  292
  321
  351
  384
  419
  456
  496
  539
  584
Change in working capital, $m
  20
  3
  4
  4
  5
  6
  6
  7
  7
  8
  8
  9
  9
  10
  11
  11
  12
  13
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
Cash from operations, $m
  116
  36
  35
  35
  37
  40
  43
  48
  55
  62
  70
  80
  90
  102
  116
  130
  146
  164
  183
  203
  226
  250
  275
  303
  333
  364
  398
  435
  473
  515
  558
Maintenance CAPEX, $m
  0
  -20
  -20
  -21
  -21
  -22
  -23
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -32
  -33
  -34
  -36
  -38
  -39
  -41
  -43
  -45
  -47
  -49
  -52
  -54
  -57
  -59
  -62
New CAPEX, $m
  -44
  -4
  -5
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
Cash from investing activities, $m
  -43
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -33
  -34
  -36
  -38
  -39
  -41
  -43
  -46
  -47
  -49
  -52
  -55
  -57
  -60
  -63
  -66
  -69
  -72
  -77
  -80
  -84
  -88
  -92
Free cash flow, $m
  73
  12
  10
  9
  10
  11
  14
  17
  22
  28
  34
  42
  51
  61
  73
  85
  99
  114
  131
  149
  168
  190
  212
  237
  263
  292
  322
  354
  389
  426
  466
Issuance/(repayment) of debt, $m
  -2
  11
  13
  15
  17
  18
  20
  22
  24
  26
  27
  29
  31
  33
  35
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  65
  68
  72
  75
  79
  83
Issuance/(repurchase) of shares, $m
  -9
  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  
  -10
  11
  13
  15
  17
  18
  20
  22
  24
  26
  27
  29
  31
  33
  35
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  65
  68
  72
  75
  79
  83
Total cash flow (excl. dividends), $m
  62
  23
  23
  24
  26
  29
  34
  39
  46
  53
  62
  71
  82
  95
  108
  123
  139
  156
  175
  196
  218
  242
  268
  295
  325
  356
  390
  426
  465
  506
  549
Retained Cash Flow (-), $m
  -7
  -3
  -3
  -4
  -4
  -5
  -5
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
Prev. year cash balance distribution, $m
 
  152
  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
 
  172
  20
  20
  22
  25
  29
  33
  39
  47
  55
  64
  74
  86
  99
  113
  129
  146
  164
  184
  205
  229
  254
  280
  309
  340
  373
  408
  445
  485
  528
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
 
  165
  18
  18
  18
  19
  21
  23
  25
  27
  29
  30
  32
  33
  33
  33
  33
  32
  30
  28
  26
  24
  21
  18
  16
  13
  11
  9
  7
  5
  4
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

Pier 1 Imports, Inc. engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gifts, and seasonal items. The company also provides furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios. Further, it supplies merchandise and licenses the Pier 1 Imports name. The company sells its products through retail stores and e-Commerce Website. As of February 27, 2016, the company operated 953 stores in the United States and 79 stores in Canada. Pier 1 Imports, Inc. was founded in 1970 and is headquartered in Fort Worth, Texas.

FINANCIAL RATIOS  of  Pier 1 Imports (PIR)

Valuation Ratios
P/E Ratio 11.4
Price to Sales 0.2
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 2.9
Price to Free Cash Flow 4.7
Growth Rates
Sales Growth Rate -3.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -15.4%
Cap. Spend. - 3 Yr. Gr. Rate -11.3%
Financial Strength
Quick Ratio 77
Current Ratio 0
LT Debt to Equity 68.2%
Total Debt to Equity 68.8%
Interest Coverage 5
Management Effectiveness
Return On Assets 4.6%
Ret/ On Assets - 3 Yr. Avg. 6.5%
Return On Total Capital 6.1%
Ret/ On T. Cap. - 3 Yr. Avg. 9.6%
Return On Equity 10.4%
Return On Equity - 3 Yr. Avg. 14.1%
Asset Turnover 2.2
Profitability Ratios
Gross Margin 38.1%
Gross Margin - 3 Yr. Avg. 38.7%
EBITDA Margin 6.5%
EBITDA Margin - 3 Yr. Avg. 7.7%
Operating Margin 3%
Oper. Margin - 3 Yr. Avg. 4.6%
Pre-Tax Margin 2.5%
Pre-Tax Margin - 3 Yr. Avg. 4.1%
Net Profit Margin 1.6%
Net Profit Margin - 3 Yr. Avg. 2.6%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 35.8%
Payout Ratio 76.7%

PIR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PIR stock intrinsic value calculation we used $1828 million for the last fiscal year's total revenue generated by Pier 1 Imports. The default revenue input number comes from 2017 income statement of Pier 1 Imports. 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 PIR 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 4.3%, whose default value for PIR is calculated based on our internal credit rating of Pier 1 Imports, 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 Pier 1 Imports.
    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 PIR stock the variable cost ratio is equal to 67.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $560 million in the base year in the intrinsic value calculation for PIR 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% for Pier 1 Imports.

Corporate tax rate of 27% is the nominal tax rate for Pier 1 Imports. 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 PIR 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 PIR are equal to 10.9%.

Life of production assets of 10 years is the average useful life of capital assets used in Pier 1 Imports 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 PIR is equal to 9.1%. 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 - $292 million for Pier 1 Imports - 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 81.461 million for Pier 1 Imports 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 Pier 1 Imports at the current share price and the inputted number of shares is $0.3 billion.

RELATED COMPANIES Price Int.Val. Rating
HOME At Home Group 22.36 55.23  str.buy
RH RH 48.33 38.81  sell
KIRK Kirkland's 10.98 19.77  str.buy
HVT Haverty Furnit 23.70 17.13  sell
BBBY Bed Bath&Beyon 27.37 107.29  str.buy
WSM Williams-Sonom 42.85 58.58  buy

COMPANY NEWS

▶ 3 Dividend Stocks I'd Never Buy   [Aug-17-17 10:14AM  Motley Fool]
▶ Pier 1 Imports, Inc. Announces Management Changes   [Aug-08-17 04:15PM  Business Wire]
▶ In Other Words, Amazon Will Also Crush Pier 1 Imports   [Jul-07-17 04:09PM  TheStreet.com]
▶ Company News for June 30, 2017   [Jun-30-17 10:43AM  Zacks]
▶ Story Stocks from Briefing.com   [12:07PM  Briefing.com]
▶ Yahoo Finance Live: Market Movers - Jun 29th, 2017   [07:20AM  Yahoo Finance Video]
▶ Pier 1 reports 1Q loss   [Jun-28-17 09:26PM  Associated Press]
▶ Bed Bath & Beyond Stock Crushed on Tough Quarter   [Jun-23-17 01:05PM  The Wall Street Journal]
▶ ETFs with exposure to Pier 1 Imports, Inc. : May 25, 2017   [May-25-17 12:46PM  Capital Cube]
▶ ETFs with exposure to Pier 1 Imports, Inc. : May 12, 2017   [May-12-17 04:19PM  Capital Cube]
▶ ETFs with exposure to Pier 1 Imports, Inc. : May 1, 2017   [May-01-17 04:17PM  Capital Cube]
▶ Pier 1 Imports Stock Trades Ex-Dividend Monday   [Apr-21-17 08:30AM  Investopedia]
▶ Company News for April 17, 2017   [Apr-17-17 11:16AM  Zacks]
▶ What Happened in the Stock Market Today   [Apr-13-17 04:56PM  Motley Fool]
▶ Pier 1 to Shutter Up to 25 Stores   [02:12PM  Investopedia]
▶ Pier 1 Sinks Despite Bottom-Line Beat   [10:50AM  24/7 Wall St.]
▶ Story Stocks from Briefing.com   [08:34AM  Briefing.com]
▶ Pier 1 tops 4Q profit forecasts   [04:30PM  Associated Press]
▶ Pier 1 Imports Stock Has a Lot to Prove on Wednesday   [Apr-08-17 10:09AM  Motley Fool]
▶ Former president of Kmart to lead Texas-based Pier 1 Imports   [Apr-04-17 11:23AM  Associated Press]
▶ Pier 1 names Kmart executive to CEO role   [Apr-03-17 06:10PM  at bizjournals.com]
▶ Pier 1 names Kmart executive to CEO role   [06:10PM  American City Business Journals]
▶ Williams-Sonoma Is Set to Gain Share   [07:00AM  Morningstar]
▶ Retailer signs lease for new location on U.S. 280   [Mar-15-17 04:42PM  at bizjournals.com]
▶ Pier 1 ImportsĀ® Announces Magnolia Home Product Launch   [Mar-06-17 06:20PM  Business Wire]
▶ [$$] Pier 1 Shares Jump   [04:49PM  at The Wall Street Journal]
▶ Pier 1's interim CEO taking home $1 million   [Jan-30-17 06:30PM  at bizjournals.com]
Stock chart of PIR Financial statements of PIR
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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