Intrinsic value of Bankrate - RATE

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$10.60

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$10.60

 
Intrinsic value

$19.47

 
Up/down potential

+84%

 
Rating

str. buy

 
Value-price divergence* premium content

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

We calculate the intrinsic value of RATE 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 0.9

 

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, %
  16.67
  21.30
  19.67
  18.20
  16.88
  15.69
  14.62
  13.66
  12.80
  12.02
  11.31
  10.68
  10.12
  9.60
  9.14
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
  6.98
  6.78
  6.61
  6.44
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
Revenue, $m
  434
  526
  630
  745
  870
  1,007
  1,154
  1,312
  1,480
  1,658
  1,845
  2,042
  2,249
  2,465
  2,690
  2,925
  3,170
  3,424
  3,688
  3,963
  4,248
  4,545
  4,853
  5,174
  5,507
  5,854
  6,215
  6,591
  6,983
  7,392
  7,818
Variable operating expenses, $m
 
  445
  520
  604
  696
  796
  903
  1,019
  1,141
  1,271
  1,408
  1,492
  1,643
  1,801
  1,966
  2,138
  2,316
  2,502
  2,695
  2,896
  3,104
  3,321
  3,546
  3,781
  4,024
  4,278
  4,542
  4,817
  5,103
  5,402
  5,713
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
  440
  445
  520
  604
  696
  796
  903
  1,019
  1,141
  1,271
  1,408
  1,492
  1,643
  1,801
  1,966
  2,138
  2,316
  2,502
  2,695
  2,896
  3,104
  3,321
  3,546
  3,781
  4,024
  4,278
  4,542
  4,817
  5,103
  5,402
  5,713
Operating income, $m
  -6
  82
  110
  141
  174
  211
  251
  293
  338
  386
  437
  550
  606
  664
  724
  788
  853
  922
  993
  1,067
  1,144
  1,224
  1,307
  1,393
  1,483
  1,576
  1,673
  1,775
  1,880
  1,990
  2,105
EBITDA, $m
  36
  155
  186
  220
  257
  297
  341
  387
  437
  489
  544
  603
  663
  727
  794
  863
  935
  1,010
  1,088
  1,169
  1,253
  1,341
  1,432
  1,526
  1,625
  1,727
  1,834
  1,945
  2,060
  2,181
  2,307
Interest expense (income), $m
  19
  19
  25
  31
  38
  45
  53
  62
  71
  81
  92
  103
  114
  127
  139
  153
  167
  181
  196
  212
  228
  245
  262
  281
  300
  319
  340
  361
  384
  407
  431
Earnings before tax, $m
  -26
  63
  85
  110
  137
  166
  198
  231
  267
  305
  345
  447
  491
  537
  585
  635
  687
  741
  797
  855
  916
  979
  1,044
  1,112
  1,183
  1,257
  1,333
  1,413
  1,497
  1,584
  1,674
Tax expense, $m
  8
  17
  23
  30
  37
  45
  53
  62
  72
  82
  93
  121
  133
  145
  158
  171
  185
  200
  215
  231
  247
  264
  282
  300
  319
  339
  360
  382
  404
  428
  452
Net income, $m
  -34
  46
  62
  80
  100
  121
  144
  169
  195
  223
  252
  326
  359
  392
  427
  463
  501
  541
  582
  624
  669
  714
  762
  812
  864
  917
  973
  1,032
  1,093
  1,156
  1,222

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  177
  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
  1,084
  1,099
  1,315
  1,555
  1,817
  2,102
  2,410
  2,739
  3,089
  3,461
  3,852
  4,264
  4,695
  5,146
  5,617
  6,107
  6,617
  7,148
  7,700
  8,273
  8,869
  9,488
  10,131
  10,801
  11,497
  12,221
  12,975
  13,761
  14,579
  15,432
  16,322
Adjusted assets (=assets-cash), $m
  907
  1,099
  1,315
  1,555
  1,817
  2,102
  2,410
  2,739
  3,089
  3,461
  3,852
  4,264
  4,695
  5,146
  5,617
  6,107
  6,617
  7,148
  7,700
  8,273
  8,869
  9,488
  10,131
  10,801
  11,497
  12,221
  12,975
  13,761
  14,579
  15,432
  16,322
Revenue / Adjusted assets
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
  0.479
Average production assets, $m
  212
  256
  307
  363
  424
  490
  562
  639
  721
  807
  899
  995
  1,095
  1,200
  1,310
  1,425
  1,544
  1,667
  1,796
  1,930
  2,069
  2,213
  2,363
  2,520
  2,682
  2,851
  3,027
  3,210
  3,401
  3,600
  3,808
Working capital, $m
  217
  48
  58
  69
  80
  93
  106
  121
  136
  153
  170
  188
  207
  227
  248
  269
  292
  315
  339
  365
  391
  418
  446
  476
  507
  539
  572
  606
  642
  680
  719
Total debt, $m
  296
  380
  474
  579
  693
  818
  952
  1,095
  1,248
  1,410
  1,581
  1,760
  1,948
  2,145
  2,350
  2,564
  2,786
  3,017
  3,258
  3,508
  3,768
  4,038
  4,318
  4,610
  4,914
  5,229
  5,558
  5,901
  6,257
  6,629
  7,018
Total liabilities, $m
  394
  479
  573
  678
  792
  917
  1,051
  1,194
  1,347
  1,509
  1,680
  1,859
  2,047
  2,244
  2,449
  2,663
  2,885
  3,116
  3,357
  3,607
  3,867
  4,137
  4,417
  4,709
  5,013
  5,328
  5,657
  6,000
  6,356
  6,728
  7,117
Total equity, $m
  689
  620
  742
  877
  1,025
  1,186
  1,359
  1,545
  1,742
  1,952
  2,173
  2,405
  2,648
  2,902
  3,168
  3,444
  3,732
  4,031
  4,343
  4,666
  5,002
  5,351
  5,714
  6,092
  6,484
  6,893
  7,318
  7,761
  8,223
  8,704
  9,206
Total liabilities and equity, $m
  1,083
  1,099
  1,315
  1,555
  1,817
  2,103
  2,410
  2,739
  3,089
  3,461
  3,853
  4,264
  4,695
  5,146
  5,617
  6,107
  6,617
  7,147
  7,700
  8,273
  8,869
  9,488
  10,131
  10,801
  11,497
  12,221
  12,975
  13,761
  14,579
  15,432
  16,323
Debt-to-equity ratio
  0.430
  0.610
  0.640
  0.660
  0.680
  0.690
  0.700
  0.710
  0.720
  0.720
  0.730
  0.730
  0.740
  0.740
  0.740
  0.740
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
Adjusted equity ratio
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564
  0.564

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -34
  46
  62
  80
  100
  121
  144
  169
  195
  223
  252
  326
  359
  392
  427
  463
  501
  541
  582
  624
  669
  714
  762
  812
  864
  917
  973
  1,032
  1,093
  1,156
  1,222
Depreciation, amort., depletion, $m
  42
  74
  76
  79
  82
  86
  90
  94
  98
  103
  108
  53
  58
  64
  69
  75
  82
  88
  95
  102
  109
  117
  125
  133
  142
  151
  160
  170
  180
  190
  201
Funds from operations, $m
  95
  119
  138
  159
  182
  207
  234
  263
  293
  326
  360
  379
  416
  456
  496
  539
  583
  629
  677
  726
  778
  832
  887
  945
  1,006
  1,068
  1,134
  1,202
  1,273
  1,346
  1,424
Change in working capital, $m
  15
  9
  10
  11
  12
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  22
  23
  24
  25
  26
  27
  28
  29
  31
  32
  33
  35
  36
  38
  39
Cash from operations, $m
  80
  106
  129
  149
  171
  195
  220
  248
  278
  309
  342
  361
  397
  436
  476
  517
  561
  606
  652
  701
  752
  804
  859
  916
  975
  1,036
  1,100
  1,167
  1,236
  1,309
  1,384
Maintenance CAPEX, $m
  0
  -11
  -14
  -16
  -19
  -22
  -26
  -30
  -34
  -38
  -43
  -48
  -53
  -58
  -64
  -69
  -75
  -82
  -88
  -95
  -102
  -109
  -117
  -125
  -133
  -142
  -151
  -160
  -170
  -180
  -190
New CAPEX, $m
  -11
  -45
  -50
  -56
  -61
  -67
  -72
  -77
  -82
  -87
  -91
  -96
  -101
  -105
  -110
  -114
  -119
  -124
  -129
  -134
  -139
  -144
  -150
  -156
  -162
  -169
  -176
  -183
  -191
  -199
  -208
Cash from investing activities, $m
  -76
  -56
  -64
  -72
  -80
  -89
  -98
  -107
  -116
  -125
  -134
  -144
  -154
  -163
  -174
  -183
  -194
  -206
  -217
  -229
  -241
  -253
  -267
  -281
  -295
  -311
  -327
  -343
  -361
  -379
  -398
Free cash flow, $m
  4
  50
  65
  77
  90
  106
  123
  142
  162
  184
  208
  217
  244
  273
  302
  334
  366
  400
  436
  472
  511
  550
  592
  635
  679
  725
  774
  824
  876
  930
  986
Issuance/(repayment) of debt, $m
  0
  84
  94
  104
  114
  124
  134
  144
  153
  162
  171
  179
  188
  197
  205
  214
  222
  231
  241
  250
  260
  270
  281
  292
  303
  316
  329
  342
  357
  372
  388
Issuance/(repurchase) of shares, $m
  -55
  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  
  -64
  84
  94
  104
  114
  124
  134
  144
  153
  162
  171
  179
  188
  197
  205
  214
  222
  231
  241
  250
  260
  270
  281
  292
  303
  316
  329
  342
  357
  372
  388
Total cash flow (excl. dividends), $m
  -61
  134
  159
  181
  205
  230
  257
  285
  315
  346
  379
  397
  432
  469
  507
  547
  589
  632
  676
  722
  770
  820
  872
  926
  983
  1,041
  1,102
  1,166
  1,233
  1,302
  1,374
Retained Cash Flow (-), $m
  72
  -108
  -122
  -135
  -148
  -161
  -173
  -186
  -198
  -209
  -221
  -232
  -243
  -254
  -265
  -277
  -288
  -299
  -311
  -323
  -336
  -349
  -363
  -377
  -393
  -409
  -425
  -443
  -462
  -481
  -502
Prev. year cash balance distribution, $m
 
  177
  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
 
  203
  37
  46
  57
  69
  83
  100
  117
  137
  158
  165
  189
  215
  242
  271
  301
  332
  365
  399
  434
  471
  509
  549
  590
  633
  677
  723
  771
  821
  872
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
 
  195
  34
  40
  47
  54
  61
  67
  73
  79
  83
  78
  81
  82
  81
  79
  76
  72
  67
  61
  55
  49
  42
  36
  30
  25
  20
  16
  12
  9
  7
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

Bankrate, Inc. operates as a publisher, aggregator, and distributor of personal finance content on the Internet. It provides personal finance editorial content across various categories, including mortgages, deposits, credit cards, senior care, and other personal finance categories. The company’s flagship Websites Bankrate.com, CreditCards.com, and Caring.com are content destinations and connect its audience with contextually relevant advertisers, and financial service and senior care providers. Its Banking segment offers information on rates for various types of mortgages, home lending, and refinancing; and rate information and original editorial content on various deposit products, retirement, taxes, and debt management. The company’s Credit Cards segment offers information and comparison capabilities of consumer and business credit and prepaid cards; and host news and advice on personal finance, credit card, and bank policies, as well as tools and calculators to estimate credit scores and card benefits. Its Senior Care segment provides caregiving content, a comprehensive online senior living directory for the United States, a local directory covering a range of other senior caregiving services, and telephone support and advice from trained family advisors. Bankrate also develops and provides content, tools, Web services, and co-branded Websites to approximately 150 online partners, including personal finance sites. The company was formerly known as ilife.com Inc. and changed its name to Bankrate, Inc. in 2000. Bankrate, Inc. was founded in 1976 and is headquartered in New York, New York.

FINANCIAL RATIOS  of  Bankrate (RATE)

Valuation Ratios
P/E Ratio -28.1
Price to Sales 2.2
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 11.9
Price to Free Cash Flow 13.8
Growth Rates
Sales Growth Rate 16.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 1.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0.7
LT Debt to Equity 43%
Total Debt to Equity 43%
Interest Coverage 0
Management Effectiveness
Return On Assets -0.8%
Ret/ On Assets - 3 Yr. Avg. 0.1%
Return On Total Capital -3.3%
Ret/ On T. Cap. - 3 Yr. Avg. -1.4%
Return On Equity -4.7%
Return On Equity - 3 Yr. Avg. -1.9%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 47.7%
Gross Margin - 3 Yr. Avg. 50%
EBITDA Margin 8.1%
EBITDA Margin - 3 Yr. Avg. 21.9%
Operating Margin -1.4%
Oper. Margin - 3 Yr. Avg. 7.5%
Pre-Tax Margin -6%
Pre-Tax Margin - 3 Yr. Avg. 1.9%
Net Profit Margin -7.8%
Net Profit Margin - 3 Yr. Avg. -3.3%
Effective Tax Rate -30.8%
Eff/ Tax Rate - 3 Yr. Avg. 18.8%
Payout Ratio 0%

RATE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RATE stock intrinsic value calculation we used $434 million for the last fiscal year's total revenue generated by Bankrate. The default revenue input number comes from 2016 income statement of Bankrate. 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 RATE stock valuation model: a) initial revenue growth rate of 21.3% 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 RATE is calculated based on our internal credit rating of Bankrate, 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 Bankrate.
    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 RATE stock the variable cost ratio is equal to 86.9%.

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 RATE 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 Bankrate.

Corporate tax rate of 27% is the nominal tax rate for Bankrate. 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 RATE 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 RATE are equal to 48.7%.

Life of production assets of 18.9 years is the average useful life of capital assets used in Bankrate 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 RATE is equal to 9.2%. 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 - $689 million for Bankrate - 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 88.54 million for Bankrate 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 Bankrate at the current share price and the inputted number of shares is $0.9 billion.


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COMPANY NEWS

▶ Political Climate is Biggest Economic Risk   [Apr-24-17 08:45AM  PR Newswire]
▶ Bankrate: Mortgage Rates Drop to 2017 Lows   [Apr-20-17 07:45AM  PR Newswire]
▶ CreditCards.com Best Travel Credit Cards of Spring 2017   [Apr-19-17 01:10PM  PR Newswire]
▶ Bankrate: Mortgage Rates Slip Amid Geopolitical Tensions   [Apr-13-17 07:30AM  PR Newswire]
▶ 3 in 10 Have Never Redeemed Credit Card Rewards   [Apr-12-17 08:45AM  PR Newswire]
▶ 4 Top Small-Cap Stocks to Buy This Spring   [Apr-10-17 08:08AM  Motley Fool]
▶ Bankrate: Mortgage Rates Lowest Since Mid-January   [Apr-06-17 07:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Show Little Change   [Mar-30-17 07:30AM  PR Newswire]
▶ Best and Worst States to Retire   [08:45AM  PR Newswire]
▶ Bankrate: Mortgage Rates Reverse Course   [Mar-23-17 09:42AM  PR Newswire]
▶ Mortgage Rates Hit Multi-Year Highs Ahead of Fed Meeting   [Mar-16-17 07:30AM  PR Newswire]
▶ Free Checking Reaches New High at Credit Unions   [Mar-13-17 08:30AM  PR Newswire]
▶ Bankrate shares fall after earnings miss   [04:36PM  at MarketWatch]
▶ Just 6% Plan to Splurge with Their Tax Refund   [Mar-06-17 09:05AM  PR Newswire]
▶ Study: Arizona an average state for first-time home buyers   [Mar-01-17 04:05PM  at bizjournals.com]
▶ California the Toughest State for First-Time Homebuyers   [Feb-28-17 08:45AM  PR Newswire]
▶ Bankrate: Mortgage Rates Slide Back   [Feb-23-17 07:30AM  PR Newswire]
▶ Americans Overoptimistic About Homeownership This Year   [Feb-09-17 08:45AM  PR Newswire]
▶ Fears Grow Over Rising Interest Rates   [Jan-24-17 08:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Fall for 3rd Consecutive Week   [Jan-19-17 07:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Inch Lower   [07:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Slide to Start 2017   [Jan-05-17 07:30AM  PR Newswire]
▶ Social Media Laggards Ready for the January Effect (TWTR, P)   [Dec-29-16 11:30AM  at Investopedia]
▶ Bankrate: Mortgage Rates Hit 27-Month High   [Dec-22-16 07:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Continue to Climb   [Dec-15-16 07:30AM  PR Newswire]
▶ Should You Avoid Bankrate Inc (RATE)?   [Dec-09-16 01:25PM  at Insider Monkey]
▶ Bankrate: Mortgage Rates Continue to Rise   [Dec-01-16 07:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Highest Since Early January   [Nov-23-16 07:30AM  PR Newswire]
▶ Americans are Divided on Holiday Gift Preferences   [Nov-10-16 08:30AM  PR Newswire]
▶ Bankrate: Mortgage Rates Spike After Trump Victory   [Nov-09-16 05:28PM  PR Newswire]
▶ Bankrate (RATE) Stock Advances on Q3 Beat, Raised Outlook   [Nov-04-16 03:58PM  at TheStreet]
Stock chart of RATE Financial statements of RATE
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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