Intrinsic value of Repligen - RGEN

Previous Close

$31.23

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$31.23

 
Intrinsic value

$31.79

 
Up/down potential

+2%

 
Rating

hold

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

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

We calculate the intrinsic value of RGEN 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 1.0

 

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, %
  25.00
  23.80
  21.92
  20.23
  18.71
  17.33
  16.10
  14.99
  13.99
  13.09
  12.28
  11.56
  10.90
  10.31
  9.78
  9.30
  8.87
  8.48
  8.14
  7.82
  7.54
  7.29
  7.06
  6.85
  6.67
  6.50
  6.35
  6.21
  6.09
  5.98
  5.89
Revenue, $m
  105
  130
  158
  191
  226
  265
  308
  354
  404
  457
  513
  572
  635
  700
  768
  840
  914
  992
  1,073
  1,156
  1,244
  1,334
  1,428
  1,526
  1,628
  1,734
  1,844
  1,959
  2,078
  2,202
  2,332
Variable operating expenses, $m
 
  108
  130
  155
  183
  213
  247
  283
  321
  363
  406
  447
  495
  547
  600
  656
  714
  775
  838
  903
  971
  1,042
  1,115
  1,192
  1,271
  1,354
  1,440
  1,529
  1,623
  1,720
  1,821
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
  89
  108
  130
  155
  183
  213
  247
  283
  321
  363
  406
  447
  495
  547
  600
  656
  714
  775
  838
  903
  971
  1,042
  1,115
  1,192
  1,271
  1,354
  1,440
  1,529
  1,623
  1,720
  1,821
Operating income, $m
  16
  22
  29
  36
  44
  52
  62
  72
  83
  94
  106
  125
  139
  153
  168
  184
  200
  217
  235
  253
  273
  292
  313
  334
  357
  380
  404
  429
  455
  483
  511
EBITDA, $m
  21
  32
  38
  46
  55
  64
  75
  86
  98
  111
  124
  139
  154
  170
  186
  204
  222
  240
  260
  280
  302
  324
  346
  370
  395
  420
  447
  475
  504
  534
  565
Interest expense (income), $m
  0
  3
  4
  5
  7
  8
  10
  11
  13
  15
  17
  20
  22
  25
  27
  30
  33
  36
  39
  42
  45
  49
  52
  56
  60
  64
  68
  73
  77
  82
  87
Earnings before tax, $m
  12
  19
  24
  30
  37
  44
  52
  60
  69
  79
  89
  106
  117
  129
  141
  154
  168
  182
  196
  211
  227
  244
  261
  278
  297
  316
  336
  356
  378
  400
  424
Tax expense, $m
  0
  5
  7
  8
  10
  12
  14
  16
  19
  21
  24
  29
  32
  35
  38
  42
  45
  49
  53
  57
  61
  66
  70
  75
  80
  85
  91
  96
  102
  108
  114
Net income, $m
  12
  14
  18
  22
  27
  32
  38
  44
  51
  58
  65
  77
  85
  94
  103
  113
  122
  133
  143
  154
  166
  178
  190
  203
  217
  230
  245
  260
  276
  292
  309

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  142
  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
  289
  182
  222
  267
  317
  372
  432
  496
  566
  640
  718
  801
  889
  980
  1,076
  1,176
  1,281
  1,389
  1,502
  1,620
  1,742
  1,869
  2,001
  2,138
  2,280
  2,428
  2,583
  2,743
  2,910
  3,084
  3,266
Adjusted assets (=assets-cash), $m
  147
  182
  222
  267
  317
  372
  432
  496
  566
  640
  718
  801
  889
  980
  1,076
  1,176
  1,281
  1,389
  1,502
  1,620
  1,742
  1,869
  2,001
  2,138
  2,280
  2,428
  2,583
  2,743
  2,910
  3,084
  3,266
Revenue / Adjusted assets
  0.714
  0.714
  0.712
  0.715
  0.713
  0.712
  0.713
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
  0.714
Average production assets, $m
  36
  44
  54
  64
  76
  90
  104
  120
  137
  154
  173
  193
  214
  237
  260
  284
  309
  335
  363
  391
  420
  451
  483
  516
  550
  586
  623
  662
  702
  744
  788
Working capital, $m
  163
  26
  32
  38
  45
  53
  62
  71
  81
  91
  103
  114
  127
  140
  154
  168
  183
  198
  215
  231
  249
  267
  286
  305
  326
  347
  369
  392
  416
  440
  466
Total debt, $m
  95
  124
  156
  193
  233
  278
  327
  380
  437
  497
  561
  629
  700
  775
  853
  935
  1,020
  1,109
  1,201
  1,297
  1,396
  1,500
  1,608
  1,719
  1,836
  1,957
  2,082
  2,213
  2,350
  2,492
  2,640
Total liabilities, $m
  120
  149
  181
  218
  258
  303
  352
  405
  462
  522
  586
  654
  725
  800
  878
  960
  1,045
  1,134
  1,226
  1,322
  1,421
  1,525
  1,633
  1,744
  1,861
  1,982
  2,107
  2,238
  2,375
  2,517
  2,665
Total equity, $m
  169
  33
  41
  49
  58
  68
  79
  91
  104
  118
  132
  147
  164
  180
  198
  216
  236
  256
  276
  298
  320
  344
  368
  393
  420
  447
  475
  505
  535
  568
  601
Total liabilities and equity, $m
  289
  182
  222
  267
  316
  371
  431
  496
  566
  640
  718
  801
  889
  980
  1,076
  1,176
  1,281
  1,390
  1,502
  1,620
  1,741
  1,869
  2,001
  2,137
  2,281
  2,429
  2,582
  2,743
  2,910
  3,085
  3,266
Debt-to-equity ratio
  0.562
  3.690
  3.820
  3.930
  4.010
  4.070
  4.120
  4.160
  4.190
  4.220
  4.250
  4.270
  4.280
  4.300
  4.310
  4.320
  4.330
  4.340
  4.340
  4.350
  4.360
  4.360
  4.370
  4.370
  4.380
  4.380
  4.380
  4.390
  4.390
  4.390
  4.390
Adjusted equity ratio
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184
  0.184

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  12
  14
  18
  22
  27
  32
  38
  44
  51
  58
  65
  77
  85
  94
  103
  113
  122
  133
  143
  154
  166
  178
  190
  203
  217
  230
  245
  260
  276
  292
  309
Depreciation, amort., depletion, $m
  5
  9
  10
  10
  11
  12
  13
  14
  15
  17
  18
  13
  15
  16
  18
  20
  21
  23
  25
  27
  29
  31
  33
  36
  38
  40
  43
  46
  48
  51
  54
Funds from operations, $m
  -8
  23
  28
  33
  38
  44
  51
  58
  66
  74
  83
  91
  100
  110
  121
  132
  144
  156
  168
  181
  195
  209
  223
  239
  254
  271
  288
  306
  324
  344
  364
Change in working capital, $m
  -16
  5
  6
  6
  7
  8
  9
  9
  10
  11
  11
  12
  12
  13
  14
  14
  15
  16
  16
  17
  17
  18
  19
  20
  20
  21
  22
  23
  24
  25
  26
Cash from operations, $m
  8
  28
  22
  26
  31
  36
  42
  49
  56
  64
  72
  79
  88
  97
  107
  118
  129
  140
  152
  165
  177
  191
  205
  219
  234
  250
  266
  283
  300
  319
  338
Maintenance CAPEX, $m
  0
  -2
  -3
  -4
  -4
  -5
  -6
  -7
  -8
  -9
  -11
  -12
  -13
  -15
  -16
  -18
  -20
  -21
  -23
  -25
  -27
  -29
  -31
  -33
  -36
  -38
  -40
  -43
  -46
  -48
  -51
New CAPEX, $m
  -4
  -8
  -10
  -11
  -12
  -13
  -14
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -31
  -32
  -33
  -34
  -36
  -37
  -39
  -40
  -42
  -44
Cash from investing activities, $m
  -49
  -10
  -13
  -15
  -16
  -18
  -20
  -23
  -25
  -27
  -30
  -32
  -34
  -37
  -39
  -42
  -45
  -47
  -50
  -53
  -56
  -60
  -63
  -66
  -70
  -74
  -77
  -82
  -86
  -90
  -95
Free cash flow, $m
  -41
  17
  9
  12
  15
  18
  22
  26
  31
  36
  42
  47
  53
  60
  68
  76
  84
  93
  102
  111
  121
  131
  142
  153
  164
  176
  188
  201
  214
  228
  243
Issuance/(repayment) of debt, $m
  111
  29
  33
  37
  41
  45
  49
  53
  57
  60
  64
  68
  71
  75
  78
  82
  85
  89
  92
  96
  100
  104
  108
  112
  116
  121
  126
  131
  136
  142
  148
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  
  112
  29
  33
  37
  41
  45
  49
  53
  57
  60
  64
  68
  71
  75
  78
  82
  85
  89
  92
  96
  100
  104
  108
  112
  116
  121
  126
  131
  136
  142
  148
Total cash flow (excl. dividends), $m
  68
  45
  42
  48
  55
  63
  71
  79
  88
  97
  106
  114
  125
  135
  146
  157
  169
  181
  194
  207
  221
  235
  249
  265
  280
  297
  314
  332
  351
  370
  391
Retained Cash Flow (-), $m
  -46
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -30
  -31
  -32
  -33
Prev. year cash balance distribution, $m
 
  142
  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
 
  181
  34
  40
  46
  53
  60
  67
  75
  83
  92
  99
  109
  118
  128
  139
  150
  161
  173
  185
  198
  211
  225
  239
  254
  270
  286
  303
  320
  338
  357
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
 
  173
  31
  35
  38
  41
  43
  45
  47
  48
  48
  47
  46
  45
  43
  41
  38
  35
  32
  29
  25
  22
  19
  16
  13
  10
  8
  6
  5
  4
  3
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

Repligen Corporation, a bioprocessing company, focuses on the development, production, and commercialization of products used in the production of monoclonal antibodies, recombinant proteins, and vaccines. It manufactures various forms of Protein A, a critical reagent used to purify monoclonal antibodies. The company also supplies various growth factor alternating tangential flow system and cell filtration products, which are used to increase cell culture productivity during the bioproduction process. In addition, it manufactures and sells OPUS pre-packed chromatography columns, protein A affinity ligands, a critical component of protein A media that is used to separate and purify monoclonal antibody therapeutics. Further, the company has a portfolio of therapeutic product candidates, which include histone deacetylase inhibitor for the treatment of Friedreich’s ataxia disease; and RG1068, a synthetic human hormone developed as a novel imaging agent for the detection of pancreatic duct abnormalities in combination with magnetic resonance imaging in patients with pancreatitis and other pancreatic diseases. Additionally, it offers alternating tangential flow system, a filtration device used to improve product yield during the fermentation step of the biologic drug manufacturing process. The company sells its bioprocessing products directly and through distributors to various life sciences companies, biopharmaceutical companies, and contract manufacturers in the United States, the United Kingdom, Sweden, and internationally. Repligen Corporation was founded in 1981 and is headquartered in Waltham, Massachusetts.

FINANCIAL RATIOS  of  Repligen (RGEN)

Valuation Ratios
P/E Ratio 88.1
Price to Sales 10.1
Price to Book 6.3
Price to Tangible Book
Price to Cash Flow 132.1
Price to Free Cash Flow 264.2
Growth Rates
Sales Growth Rate 25%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 33.3%
Cap. Spend. - 3 Yr. Gr. Rate -4.4%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 56.2%
Total Debt to Equity 56.2%
Interest Coverage 0
Management Effectiveness
Return On Assets 5.5%
Ret/ On Assets - 3 Yr. Avg. 6.2%
Return On Total Capital 6.2%
Ret/ On T. Cap. - 3 Yr. Avg. 7.1%
Return On Equity 8.2%
Return On Equity - 3 Yr. Avg. 7.8%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 54.3%
Gross Margin - 3 Yr. Avg. 55.9%
EBITDA Margin 16.2%
EBITDA Margin - 3 Yr. Avg. 20.4%
Operating Margin 15.2%
Oper. Margin - 3 Yr. Avg. 16.4%
Pre-Tax Margin 11.4%
Pre-Tax Margin - 3 Yr. Avg. 14.7%
Net Profit Margin 11.4%
Net Profit Margin - 3 Yr. Avg. 11.5%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 19.3%
Payout Ratio 0%

RGEN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RGEN stock intrinsic value calculation we used $105 million for the last fiscal year's total revenue generated by Repligen. The default revenue input number comes from 2016 income statement of Repligen. 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 RGEN stock valuation model: a) initial revenue growth rate of 23.8% 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 RGEN is calculated based on our internal credit rating of Repligen, 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 Repligen.
    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 RGEN stock the variable cost ratio is equal to 83.8%.

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 RGEN 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 3.5% for Repligen.

Corporate tax rate of 27% is the nominal tax rate for Repligen. 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 RGEN 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 RGEN are equal to 33.8%.

Life of production assets of 14.5 years is the average useful life of capital assets used in Repligen 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 RGEN is equal to 20%. 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 - $169 million for Repligen - 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 32.782 million for Repligen 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 Repligen at the current share price and the inputted number of shares is $1.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
TECH Bio-Techne 107.08 prem.  prem.
GE General Electr 30.00 prem.  prem.
BMRN BioMarin Pharm 91.90 prem.  prem.
VWR VWR 27.78 prem.  prem.
TMO Thermo Fisher 157.71 prem.  prem.

COMPANY NEWS

▶ Top 3 Healthcare Penny Stocks for 2017   [May-19-17 08:00AM  Investopedia]
▶ Repligen tops Street 1Q forecasts   [May-04-17 07:53AM  Associated Press]
▶ ETFs with exposure to Repligen Corp. : May 1, 2017   [May-01-17 04:21PM  Capital Cube]
▶ ETFs with exposure to Repligen Corp. : April 21, 2017   [Apr-21-17 03:04PM  Capital Cube]
▶ ETFs with exposure to Repligen Corp. : April 7, 2017   [Apr-07-17 05:23PM  Capital Cube]
▶ Stocks Flat But Alphabet, Lockheed Martin Hit New Highs   [Mar-17-17 03:06PM  Investor's Business Daily]
▶ Top 3 Healthcare Penny Stocks for 2017   [08:00AM  at Investopedia]
▶ Repligen beats 4Q profit forecasts   [07:55AM  Associated Press]
▶ Is Repligen Corporation (RGEN) a Good Stock to Buy?   [Dec-10-16 06:46PM  at Insider Monkey]
▶ 3 Top Stocks for Risk-Averse Investors   [Nov-01-16 10:26AM  at Motley Fool]
▶ Repligen to Report Third Quarter 2016 Financial Results   [Oct-20-16 07:30AM  GlobeNewswire]
▶ These 3 Stocks Are Up Over 700% in the Last 5 Years   [Aug-23-16 05:07PM  at Motley Fool]
▶ Repligen to Report Second Quarter 2016 Financial Results   [Jul-27-16 07:30AM  GlobeNewswire]
▶ Repligen to Present at Jefferies 2016 Healthcare Conference   [Jun-02-16 07:30AM  GlobeNewswire]
▶ How to Invest in the Life Cycle of a Drug   [May-31-16 08:32AM  at Motley Fool]
▶ The Biggest Threat to Repligen Stock   [08:26AM  at Motley Fool]
▶ Read This Before You Sell Repligen Corporation Stock   [Apr-04-16 04:09PM  at Motley Fool]
▶ Repligen Acquires Atoll GmbH   [07:30AM  GlobeNewswire]
▶ Repligen Forms Scientific Advisory Board   [Mar-31-16 08:46AM  GlobeNewswire]
▶ Repligen Corporation Jumped 14.6% in February -- Here's Why   [Mar-06-16 10:07AM  at Motley Fool]
Stock chart of RGEN Financial statements of RGEN Annual reports of RGEN
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.