Intrinsic value of Park-Ohio Holdings - PKOH

Previous Close

$37.90

  Intrinsic Value

$92.77

stock screener

  Rating & Target

str. buy

+145%

Previous close

$37.90

 
Intrinsic value

$92.77

 
Up/down potential

+145%

 
Rating

str. buy

We calculate the intrinsic value of PKOH 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, %
  -12.77
  10.70
  10.13
  9.62
  9.16
  8.74
  8.37
  8.03
  7.73
  7.45
  7.21
  6.99
  6.79
  6.61
  6.45
  6.30
  6.17
  6.06
  5.95
  5.86
  5.77
  5.69
  5.62
  5.56
  5.51
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
Revenue, $m
  1,277
  1,564
  1,723
  1,888
  2,061
  2,241
  2,429
  2,624
  2,827
  3,037
  3,256
  3,484
  3,720
  3,966
  4,222
  4,488
  4,765
  5,054
  5,354
  5,668
  5,995
  6,336
  6,693
  7,065
  7,454
  7,860
  8,286
  8,730
  9,196
  9,683
  10,193
Variable operating expenses, $m
 
  1,321
  1,453
  1,591
  1,735
  1,884
  2,040
  2,203
  2,371
  2,547
  2,729
  2,898
  3,095
  3,299
  3,512
  3,733
  3,964
  4,204
  4,454
  4,715
  4,987
  5,271
  5,567
  5,877
  6,200
  6,539
  6,892
  7,262
  7,649
  8,055
  8,479
Fixed operating expenses, $m
 
  134
  137
  140
  143
  146
  149
  153
  156
  159
  163
  166
  170
  174
  178
  182
  186
  190
  194
  198
  202
  207
  211
  216
  221
  226
  231
  236
  241
  246
  252
Total operating expenses, $m
  1,208
  1,455
  1,590
  1,731
  1,878
  2,030
  2,189
  2,356
  2,527
  2,706
  2,892
  3,064
  3,265
  3,473
  3,690
  3,915
  4,150
  4,394
  4,648
  4,913
  5,189
  5,478
  5,778
  6,093
  6,421
  6,765
  7,123
  7,498
  7,890
  8,301
  8,731
Operating income, $m
  69
  109
  133
  158
  184
  211
  239
  269
  299
  331
  365
  419
  455
  493
  532
  573
  616
  660
  707
  755
  806
  859
  914
  972
  1,033
  1,096
  1,163
  1,232
  1,305
  1,382
  1,462
EBITDA, $m
  99
  169
  197
  226
  257
  288
  322
  356
  392
  429
  468
  509
  551
  595
  641
  688
  738
  790
  844
  901
  960
  1,021
  1,086
  1,153
  1,224
  1,298
  1,376
  1,457
  1,542
  1,631
  1,724
Interest expense (income), $m
  26
  34
  39
  45
  52
  58
  65
  72
  80
  88
  96
  104
  113
  122
  131
  141
  151
  161
  172
  184
  196
  208
  221
  235
  249
  264
  280
  296
  313
  331
  349
Earnings before tax, $m
  41
  76
  94
  112
  132
  153
  174
  196
  220
  244
  269
  315
  343
  371
  401
  432
  465
  499
  534
  571
  610
  650
  693
  737
  783
  832
  883
  936
  993
  1,051
  1,113
Tax expense, $m
  9
  20
  25
  30
  36
  41
  47
  53
  59
  66
  73
  85
  93
  100
  108
  117
  125
  135
  144
  154
  165
  176
  187
  199
  211
  225
  238
  253
  268
  284
  301
Net income, $m
  32
  55
  68
  82
  96
  111
  127
  143
  160
  178
  196
  230
  250
  271
  293
  316
  339
  364
  390
  417
  445
  475
  506
  538
  572
  607
  645
  684
  725
  768
  813

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  64
  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
  974
  1,253
  1,380
  1,513
  1,652
  1,796
  1,946
  2,102
  2,265
  2,434
  2,609
  2,791
  2,981
  3,178
  3,383
  3,596
  3,818
  4,049
  4,290
  4,542
  4,804
  5,077
  5,363
  5,661
  5,973
  6,298
  6,639
  6,995
  7,368
  7,759
  8,168
Adjusted assets (=assets-cash), $m
  910
  1,253
  1,380
  1,513
  1,652
  1,796
  1,946
  2,102
  2,265
  2,434
  2,609
  2,791
  2,981
  3,178
  3,383
  3,596
  3,818
  4,049
  4,290
  4,542
  4,804
  5,077
  5,363
  5,661
  5,973
  6,298
  6,639
  6,995
  7,368
  7,759
  8,168
Revenue / Adjusted assets
  1.403
  1.248
  1.249
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
  1.248
Average production assets, $m
  179
  402
  443
  485
  530
  576
  624
  674
  726
  781
  837
  895
  956
  1,019
  1,085
  1,153
  1,225
  1,299
  1,376
  1,457
  1,541
  1,628
  1,720
  1,816
  1,916
  2,020
  2,129
  2,244
  2,363
  2,489
  2,620
Working capital, $m
  311
  120
  133
  145
  159
  173
  187
  202
  218
  234
  251
  268
  286
  305
  325
  346
  367
  389
  412
  436
  462
  488
  515
  544
  574
  605
  638
  672
  708
  746
  785
Total debt, $m
  470
  624
  720
  821
  925
  1,034
  1,148
  1,266
  1,389
  1,517
  1,649
  1,787
  1,930
  2,079
  2,234
  2,395
  2,563
  2,738
  2,920
  3,110
  3,308
  3,515
  3,731
  3,956
  4,192
  4,438
  4,696
  4,965
  5,247
  5,542
  5,851
Total liabilities, $m
  748
  948
  1,044
  1,144
  1,249
  1,358
  1,471
  1,589
  1,712
  1,840
  1,973
  2,110
  2,254
  2,403
  2,557
  2,719
  2,887
  3,061
  3,244
  3,433
  3,632
  3,838
  4,054
  4,280
  4,515
  4,762
  5,019
  5,289
  5,571
  5,866
  6,175
Total equity, $m
  226
  306
  337
  369
  403
  438
  475
  513
  553
  594
  637
  681
  727
  775
  825
  877
  932
  988
  1,047
  1,108
  1,172
  1,239
  1,308
  1,381
  1,457
  1,537
  1,620
  1,707
  1,798
  1,893
  1,993
Total liabilities and equity, $m
  974
  1,254
  1,381
  1,513
  1,652
  1,796
  1,946
  2,102
  2,265
  2,434
  2,610
  2,791
  2,981
  3,178
  3,382
  3,596
  3,819
  4,049
  4,291
  4,541
  4,804
  5,077
  5,362
  5,661
  5,972
  6,299
  6,639
  6,996
  7,369
  7,759
  8,168
Debt-to-equity ratio
  2.080
  2.040
  2.140
  2.220
  2.300
  2.360
  2.420
  2.470
  2.510
  2.550
  2.590
  2.620
  2.650
  2.680
  2.710
  2.730
  2.750
  2.770
  2.790
  2.810
  2.820
  2.840
  2.850
  2.860
  2.880
  2.890
  2.900
  2.910
  2.920
  2.930
  2.940
Adjusted equity ratio
  0.178
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244
  0.244

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  32
  55
  68
  82
  96
  111
  127
  143
  160
  178
  196
  230
  250
  271
  293
  316
  339
  364
  390
  417
  445
  475
  506
  538
  572
  607
  645
  684
  725
  768
  813
Depreciation, amort., depletion, $m
  30
  60
  64
  69
  73
  78
  82
  87
  93
  98
  104
  90
  96
  102
  109
  115
  122
  130
  138
  146
  154
  163
  172
  182
  192
  202
  213
  224
  236
  249
  262
Funds from operations, $m
  67
  115
  133
  151
  169
  189
  209
  231
  253
  276
  300
  320
  346
  373
  401
  431
  462
  494
  527
  563
  599
  637
  678
  719
  763
  809
  858
  908
  961
  1,016
  1,075
Change in working capital, $m
  -6
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  18
  19
  20
  20
  21
  22
  23
  24
  25
  26
  27
  29
  30
  31
  33
  34
  36
  38
  39
Cash from operations, $m
  73
  104
  120
  138
  156
  175
  195
  216
  237
  260
  283
  302
  328
  354
  382
  410
  440
  472
  504
  538
  574
  611
  650
  691
  733
  778
  825
  874
  925
  979
  1,035
Maintenance CAPEX, $m
  0
  -36
  -40
  -44
  -49
  -53
  -58
  -62
  -67
  -73
  -78
  -84
  -90
  -96
  -102
  -109
  -115
  -122
  -130
  -138
  -146
  -154
  -163
  -172
  -182
  -192
  -202
  -213
  -224
  -236
  -249
New CAPEX, $m
  -29
  -38
  -41
  -43
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -58
  -61
  -63
  -66
  -68
  -71
  -74
  -77
  -81
  -84
  -88
  -92
  -96
  -100
  -104
  -109
  -114
  -120
  -125
  -131
Cash from investing activities, $m
  -52
  -74
  -81
  -87
  -93
  -99
  -106
  -112
  -119
  -127
  -134
  -142
  -151
  -159
  -168
  -177
  -186
  -196
  -207
  -219
  -230
  -242
  -255
  -268
  -282
  -296
  -311
  -327
  -344
  -361
  -380
Free cash flow, $m
  21
  29
  39
  51
  63
  76
  89
  103
  118
  133
  149
  160
  177
  195
  214
  234
  254
  275
  297
  320
  344
  369
  396
  423
  452
  482
  513
  546
  581
  617
  655
Issuance/(repayment) of debt, $m
  -6
  91
  96
  100
  105
  109
  114
  118
  123
  128
  133
  138
  143
  149
  155
  161
  168
  175
  182
  190
  198
  207
  216
  225
  236
  246
  258
  269
  282
  295
  309
Issuance/(repurchase) of shares, $m
  -2
  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  
  -11
  91
  96
  100
  105
  109
  114
  118
  123
  128
  133
  138
  143
  149
  155
  161
  168
  175
  182
  190
  198
  207
  216
  225
  236
  246
  258
  269
  282
  295
  309
Total cash flow (excl. dividends), $m
  8
  120
  135
  151
  168
  185
  203
  221
  241
  261
  282
  298
  321
  344
  369
  395
  422
  450
  479
  510
  542
  576
  612
  649
  687
  728
  771
  816
  863
  912
  964
Retained Cash Flow (-), $m
  -21
  -30
  -31
  -32
  -34
  -35
  -37
  -38
  -40
  -41
  -43
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -59
  -61
  -64
  -67
  -70
  -73
  -76
  -79
  -83
  -87
  -91
  -95
  -100
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
 
  8
  9
  10
  11
  12
  13
  15
  16
  17
  18
  20
  21
  22
  24
  25
  27
  29
  30
  32
  34
  36
  38
  40
  42
  45
  47
  50
  52
  55
  58
Cash available for distribution, $m
 
  90
  104
  119
  134
  150
  166
  183
  201
  220
  239
  253
  274
  296
  319
  343
  368
  393
  421
  449
  478
  509
  542
  576
  611
  649
  688
  729
  772
  817
  865
Discount rate, %
 
  9.10
  9.56
  10.03
  10.53
  11.06
  11.61
  12.19
  12.80
  13.44
  14.12
  14.82
  15.56
  16.34
  17.16
  18.02
  18.92
  19.86
  20.86
  21.90
  23.00
  24.15
  25.35
  26.62
  27.95
  29.35
  30.82
  32.36
  33.97
  35.67
  37.46
PV of cash for distribution, $m
 
  83
  87
  89
  90
  89
  86
  82
  77
  71
  64
  55
  48
  41
  35
  29
  23
  18
  14
  10
  8
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
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

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides its customers with Total Supply Management, which manages every aspect of supplying production parts and materials to its customers' manufacturing floor, from strategic planning to program implementation. Assembly Components manufactures products oriented towards fuel efficiency and reduced emission standards. Engineered Products segment operates a group of manufacturing businesses that design and manufacture a range of products, including induction heating and melting systems, pipe threading systems, and forged and machined products. It operates through the subsidiaries of its direct subsidiary, Park-Ohio Industries, Inc.

FINANCIAL RATIOS  of  Park-Ohio Holdings (PKOH)

Valuation Ratios
P/E Ratio 14.7
Price to Sales 0.4
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 6.4
Price to Free Cash Flow 10.7
Growth Rates
Sales Growth Rate -12.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -21.6%
Cap. Spend. - 3 Yr. Gr. Rate -0.7%
Financial Strength
Quick Ratio 2
Current Ratio 0.2
LT Debt to Equity 194.2%
Total Debt to Equity 208%
Interest Coverage 3
Management Effectiveness
Return On Assets 5.5%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 4.8%
Ret/ On T. Cap. - 3 Yr. Avg. 6.7%
Return On Equity 14.8%
Return On Equity - 3 Yr. Avg. 22%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 15.9%
Gross Margin - 3 Yr. Avg. 16.3%
EBITDA Margin 7.6%
EBITDA Margin - 3 Yr. Avg. 8.3%
Operating Margin 5.4%
Oper. Margin - 3 Yr. Avg. 6.4%
Pre-Tax Margin 3.2%
Pre-Tax Margin - 3 Yr. Avg. 4.4%
Net Profit Margin 2.5%
Net Profit Margin - 3 Yr. Avg. 3%
Effective Tax Rate 22%
Eff/ Tax Rate - 3 Yr. Avg. 28.9%
Payout Ratio 18.8%

PKOH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PKOH stock intrinsic value calculation we used $1413 million for the last fiscal year's total revenue generated by Park-Ohio Holdings. The default revenue input number comes from 2016 income statement of Park-Ohio 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 PKOH stock valuation model: a) initial revenue growth rate of 10.7% 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 9.1%, whose default value for PKOH is calculated based on our internal credit rating of Park-Ohio 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 Park-Ohio 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 PKOH stock the variable cost ratio is equal to 84.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $131 million in the base year in the intrinsic value calculation for PKOH 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 6.3% for Park-Ohio Holdings.

Corporate tax rate of 27% is the nominal tax rate for Park-Ohio 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 PKOH stock is equal to 0.6%.

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 PKOH are equal to 25.7%.

Life of production assets of 10 years is the average useful life of capital assets used in Park-Ohio 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 PKOH is equal to 7.7%. 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 - $276 million for Park-Ohio 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 12 million for Park-Ohio 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 Park-Ohio Holdings at the current share price and the inputted number of shares is $0.5 billion.

RELATED COMPANIES Price Int.Val. Rating
AXE Anixter Intern 74.70 93.51  buy
FAST Fastenal 57.46 33.03  sell
AIT Applied Indust 75.60 21.75  str.sell
LAWS Lawson Product 24.70 23.51  hold
MYE Myers Industri 18.30 8.01  str.sell
ITW Illinois Tool 146.86 146.19  hold
CSTM Constellium Cl 10.75 34.88  str.buy
MSM MSC Industrial 82.95 61.06  sell

COMPANY NEWS

▶ Park-Ohio: 1Q Earnings Snapshot   [May-08-18 06:16PM  Associated Press]
▶ April Top Undervalued Stocks   [Apr-27-18 10:02AM  Simply Wall St.]
▶ ParkOhio Announces Quarterly Dividend   [09:54AM  Business Wire]
▶ Best Cheap Stocks To Buy   [Mar-20-18 10:02AM  Simply Wall St.]
▶ Park-Ohio tops Street 4Q forecasts   [Mar-05-18 05:27PM  Associated Press]
▶ 9 Stocks Robert Olstein Continues to Buy   [Feb-16-18 03:01PM  GuruFocus.com]
▶ ParkOhio Acquires Canton Drop Forge, Inc.   [Feb-01-18 04:45PM  Business Wire]
▶ ParkOhio Announces Quarterly Dividend   [Jan-31-18 04:05PM  Business Wire]
▶ Park-Ohio misses 3Q profit forecasts   [Nov-06-17 06:41PM  Associated Press]
▶ ParkOhio Announces Third Quarter Results   [05:01PM  Business Wire]
▶ ParkOhio Announces Quarterly Dividend   [Nov-01-17 09:37AM  Business Wire]
▶ Park-Ohio beats 2Q profit forecasts   [Aug-08-17 12:05AM  Associated Press]
▶ ParkOhio Announces Strong Second Quarter Results   [Aug-07-17 04:45PM  Business Wire]
▶ ParkOhio Announces Quarterly Dividend   [Jul-28-17 10:15AM  Business Wire]
▶ Park-Ohio meets 1Q profit forecasts   [May-08-17 04:46PM  Associated Press]
▶ ParkOhio Announces Quarterly Dividend   [09:39AM  Business Wire]
▶ Park-Ohio Prices $350 Million Debt Offering   [Apr-05-17 05:02PM  Business Wire]
▶ Park-Ohio misses Street 4Q forecasts   [Mar-07-17 04:56PM  Associated Press]
▶ ParkOhio Announces Quarterly Dividend   [Feb-01-17 12:59PM  Business Wire]
▶ Is Park-Ohio Holdings Corp. (PKOH) A Good Stock to Buy?   [Dec-12-16 05:21PM  at Insider Monkey]
▶ ParkOhio Announces Quarterly Dividend   [Oct-31-16 04:05PM  Business Wire]
Financial statements of PKOH
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.