Intrinsic value of Rogers - ROG

Previous Close

$116.86

  Intrinsic Value

$570.75

stock screener

  Rating & Target

str. buy

+388%

  Value-price divergence*

+222%

Previous close

$116.86

 
Intrinsic value

$570.75

 
Up/down potential

+388%

 
Rating

str. buy

 
Value-price divergence*

+222%

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

We calculate the intrinsic value of ROG 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 2.1

 

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, %
  2.34
  26.70
  24.53
  22.58
  20.82
  19.24
  17.81
  16.53
  15.38
  14.34
  13.41
  12.57
  11.81
  11.13
  10.52
  9.96
  9.47
  9.02
  8.62
  8.26
  7.93
  7.64
  7.37
  7.14
  6.92
  6.73
  6.56
  6.40
  6.26
  6.14
  6.02
Revenue, $m
  656
  831
  1,035
  1,269
  1,533
  1,828
  2,153
  2,509
  2,895
  3,310
  3,754
  4,226
  4,725
  5,251
  5,803
  6,381
  6,986
  7,616
  8,272
  8,955
  9,665
  10,404
  11,171
  11,968
  12,797
  13,658
  14,554
  15,485
  16,455
  17,465
  18,517
Variable operating expenses, $m
 
  382
  470
  572
  687
  815
  956
  1,111
  1,278
  1,458
  1,651
  1,835
  2,052
  2,280
  2,520
  2,771
  3,034
  3,307
  3,593
  3,889
  4,198
  4,518
  4,851
  5,198
  5,558
  5,932
  6,321
  6,725
  7,146
  7,585
  8,042
Fixed operating expenses, $m
 
  280
  287
  294
  301
  309
  317
  325
  333
  341
  349
  358
  367
  376
  386
  395
  405
  415
  426
  436
  447
  459
  470
  482
  494
  506
  519
  532
  545
  559
  573
Total operating expenses, $m
  572
  662
  757
  866
  988
  1,124
  1,273
  1,436
  1,611
  1,799
  2,000
  2,193
  2,419
  2,656
  2,906
  3,166
  3,439
  3,722
  4,019
  4,325
  4,645
  4,977
  5,321
  5,680
  6,052
  6,438
  6,840
  7,257
  7,691
  8,144
  8,615
Operating income, $m
  84
  170
  278
  403
  545
  704
  881
  1,074
  1,284
  1,511
  1,754
  2,032
  2,306
  2,594
  2,897
  3,215
  3,547
  3,893
  4,254
  4,630
  5,020
  5,427
  5,849
  6,289
  6,745
  7,220
  7,714
  8,228
  8,764
  9,321
  9,902
EBITDA, $m
  122
  219
  335
  468
  619
  788
  976
  1,182
  1,406
  1,646
  1,904
  2,179
  2,470
  2,776
  3,098
  3,436
  3,788
  4,157
  4,540
  4,940
  5,355
  5,787
  6,236
  6,703
  7,189
  7,693
  8,219
  8,765
  9,334
  9,926
  10,544
Interest expense (income), $m
  3
  8
  12
  17
  22
  28
  35
  42
  50
  58
  68
  77
  88
  99
  111
  123
  136
  149
  163
  178
  193
  209
  225
  242
  260
  279
  298
  318
  338
  360
  383
Earnings before tax, $m
  82
  161
  266
  386
  523
  676
  846
  1,032
  1,235
  1,453
  1,686
  1,955
  2,218
  2,495
  2,786
  3,092
  3,411
  3,744
  4,090
  4,452
  4,827
  5,218
  5,624
  6,046
  6,485
  6,942
  7,417
  7,911
  8,425
  8,961
  9,520
Tax expense, $m
  34
  44
  72
  104
  141
  183
  228
  279
  333
  392
  455
  528
  599
  674
  752
  835
  921
  1,011
  1,104
  1,202
  1,303
  1,409
  1,518
  1,632
  1,751
  1,874
  2,002
  2,136
  2,275
  2,420
  2,570
Net income, $m
  48
  118
  194
  282
  382
  494
  618
  754
  901
  1,060
  1,231
  1,427
  1,619
  1,821
  2,034
  2,257
  2,490
  2,733
  2,986
  3,250
  3,524
  3,809
  4,106
  4,414
  4,734
  5,067
  5,414
  5,775
  6,150
  6,542
  6,949

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  228
  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
  1,057
  1,051
  1,309
  1,604
  1,938
  2,311
  2,722
  3,172
  3,660
  4,185
  4,746
  5,343
  5,974
  6,638
  7,336
  8,067
  8,831
  9,628
  10,458
  11,321
  12,219
  13,153
  14,122
  15,130
  16,178
  17,267
  18,399
  19,577
  20,803
  22,079
  23,409
Adjusted assets (=assets-cash), $m
  829
  1,051
  1,309
  1,604
  1,938
  2,311
  2,722
  3,172
  3,660
  4,185
  4,746
  5,343
  5,974
  6,638
  7,336
  8,067
  8,831
  9,628
  10,458
  11,321
  12,219
  13,153
  14,122
  15,130
  16,178
  17,267
  18,399
  19,577
  20,803
  22,079
  23,409
Revenue / Adjusted assets
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
  0.791
Average production assets, $m
  284
  360
  448
  549
  664
  791
  932
  1,087
  1,254
  1,433
  1,626
  1,830
  2,046
  2,274
  2,513
  2,763
  3,025
  3,298
  3,582
  3,878
  4,185
  4,505
  4,837
  5,182
  5,541
  5,914
  6,302
  6,705
  7,125
  7,562
  8,018
Working capital, $m
  357
  169
  210
  258
  311
  371
  437
  509
  588
  672
  762
  858
  959
  1,066
  1,178
  1,295
  1,418
  1,546
  1,679
  1,818
  1,962
  2,112
  2,268
  2,430
  2,598
  2,773
  2,954
  3,144
  3,340
  3,545
  3,759
Total debt, $m
  245
  353
  482
  631
  799
  986
  1,193
  1,420
  1,665
  1,929
  2,211
  2,511
  2,829
  3,163
  3,514
  3,882
  4,266
  4,667
  5,084
  5,519
  5,970
  6,440
  6,928
  7,435
  7,961
  8,509
  9,079
  9,671
  10,288
  10,930
  11,599
Total liabilities, $m
  421
  529
  658
  807
  975
  1,162
  1,369
  1,596
  1,841
  2,105
  2,387
  2,687
  3,005
  3,339
  3,690
  4,058
  4,442
  4,843
  5,260
  5,695
  6,146
  6,616
  7,104
  7,611
  8,137
  8,685
  9,255
  9,847
  10,464
  11,106
  11,775
Total equity, $m
  636
  522
  650
  797
  963
  1,148
  1,353
  1,577
  1,819
  2,080
  2,359
  2,655
  2,969
  3,299
  3,646
  4,010
  4,389
  4,785
  5,198
  5,627
  6,073
  6,537
  7,019
  7,520
  8,040
  8,582
  9,144
  9,730
  10,339
  10,973
  11,634
Total liabilities and equity, $m
  1,057
  1,051
  1,308
  1,604
  1,938
  2,310
  2,722
  3,173
  3,660
  4,185
  4,746
  5,342
  5,974
  6,638
  7,336
  8,068
  8,831
  9,628
  10,458
  11,322
  12,219
  13,153
  14,123
  15,131
  16,177
  17,267
  18,399
  19,577
  20,803
  22,079
  23,409
Debt-to-equity ratio
  0.385
  0.680
  0.740
  0.790
  0.830
  0.860
  0.880
  0.900
  0.920
  0.930
  0.940
  0.950
  0.950
  0.960
  0.960
  0.970
  0.970
  0.980
  0.980
  0.980
  0.980
  0.990
  0.990
  0.990
  0.990
  0.990
  0.990
  0.990
  1.000
  1.000
  1.000
Adjusted equity ratio
  0.492
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  48
  118
  194
  282
  382
  494
  618
  754
  901
  1,060
  1,231
  1,427
  1,619
  1,821
  2,034
  2,257
  2,490
  2,733
  2,986
  3,250
  3,524
  3,809
  4,106
  4,414
  4,734
  5,067
  5,414
  5,775
  6,150
  6,542
  6,949
Depreciation, amort., depletion, $m
  38
  50
  57
  65
  74
  84
  95
  108
  121
  135
  151
  146
  164
  182
  201
  221
  242
  264
  287
  310
  335
  360
  387
  415
  443
  473
  504
  536
  570
  605
  641
Funds from operations, $m
  132
  167
  251
  347
  456
  578
  713
  861
  1,022
  1,196
  1,382
  1,574
  1,783
  2,003
  2,235
  2,478
  2,732
  2,997
  3,273
  3,560
  3,859
  4,169
  4,493
  4,828
  5,177
  5,541
  5,918
  6,311
  6,720
  7,147
  7,591
Change in working capital, $m
  15
  36
  41
  47
  54
  60
  66
  72
  78
  84
  90
  96
  101
  107
  112
  117
  123
  128
  133
  139
  144
  150
  156
  162
  168
  175
  182
  189
  197
  205
  214
Cash from operations, $m
  117
  132
  209
  299
  402
  518
  647
  789
  944
  1,112
  1,292
  1,478
  1,681
  1,897
  2,123
  2,361
  2,609
  2,869
  3,139
  3,421
  3,715
  4,020
  4,337
  4,666
  5,009
  5,366
  5,736
  6,122
  6,524
  6,942
  7,377
Maintenance CAPEX, $m
  0
  -23
  -29
  -36
  -44
  -53
  -63
  -75
  -87
  -100
  -115
  -130
  -146
  -164
  -182
  -201
  -221
  -242
  -264
  -287
  -310
  -335
  -360
  -387
  -415
  -443
  -473
  -504
  -536
  -570
  -605
New CAPEX, $m
  -18
  -76
  -88
  -101
  -114
  -128
  -141
  -154
  -167
  -180
  -192
  -204
  -216
  -228
  -239
  -250
  -262
  -273
  -284
  -296
  -308
  -320
  -332
  -345
  -359
  -373
  -388
  -403
  -420
  -437
  -455
Cash from investing activities, $m
  -152
  -99
  -117
  -137
  -158
  -181
  -204
  -229
  -254
  -280
  -307
  -334
  -362
  -392
  -421
  -451
  -483
  -515
  -548
  -583
  -618
  -655
  -692
  -732
  -774
  -816
  -861
  -907
  -956
  -1,007
  -1,060
Free cash flow, $m
  -35
  33
  92
  162
  244
  337
  443
  560
  690
  832
  985
  1,144
  1,319
  1,505
  1,702
  1,909
  2,126
  2,354
  2,591
  2,839
  3,097
  3,365
  3,644
  3,934
  4,236
  4,549
  4,875
  5,215
  5,567
  5,935
  6,317
Issuance/(repayment) of debt, $m
  62
  112
  130
  149
  168
  188
  207
  226
  245
  264
  282
  300
  317
  334
  351
  368
  384
  401
  417
  434
  452
  469
  488
  507
  527
  548
  570
  592
  617
  642
  669
Issuance/(repurchase) of shares, $m
  -3
  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  
  58
  112
  130
  149
  168
  188
  207
  226
  245
  264
  282
  300
  317
  334
  351
  368
  384
  401
  417
  434
  452
  469
  488
  507
  527
  548
  570
  592
  617
  642
  669
Total cash flow (excl. dividends), $m
  23
  145
  222
  311
  412
  525
  650
  787
  935
  1,096
  1,267
  1,444
  1,636
  1,840
  2,053
  2,277
  2,511
  2,755
  3,009
  3,273
  3,548
  3,835
  4,132
  4,441
  4,763
  5,097
  5,445
  5,807
  6,184
  6,577
  6,986
Retained Cash Flow (-), $m
  -51
  -110
  -128
  -147
  -166
  -185
  -205
  -224
  -242
  -261
  -279
  -296
  -314
  -330
  -347
  -363
  -380
  -396
  -412
  -429
  -446
  -464
  -482
  -501
  -521
  -541
  -563
  -585
  -609
  -634
  -661
Prev. year cash balance distribution, $m
 
  224
  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
 
  258
  94
  164
  246
  339
  445
  563
  693
  835
  988
  1,147
  1,323
  1,509
  1,706
  1,914
  2,131
  2,359
  2,596
  2,844
  3,102
  3,371
  3,650
  3,940
  4,242
  4,556
  4,882
  5,222
  5,575
  5,942
  6,325
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
 
  248
  86
  143
  202
  263
  323
  380
  433
  480
  518
  545
  564
  574
  573
  562
  542
  513
  478
  438
  394
  349
  303
  258
  216
  177
  142
  112
  86
  65
  48
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

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company’s Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense. Its Elastomeric Material Solutions segment provides elastomeric material solutions for critical cushioning, sealing, impact protection, and vibration management applications, including general industrial, portable electronics, consumer goods, automotive, mass transportation, construction, and printing applications. The company’s Power Electronics Solutions segment offers ceramic substrate materials for power module applications, laminated bus bars for power inverter and high power interconnect applications, and micro-channel coolers. Its Other segment provides elastomeric components for applications in ground transportation, office equipment, consumer, and other markets; elastomeric floats for level sensing in fuel tanks, motors, and storage tanks; and inverters for portable communications and automotive markets. The company also manufactures and sells polytetrafluoroethylene, polyethylene films, and pressure sensitive tapes, as well as specialty products for the industrial, aerospace, automotive, and electronics markets; and silicone products for various applications. Rogers Corporation was founded in 1832 and is headquartered in Rogers, Connecticut.

FINANCIAL RATIOS  of  Rogers (ROG)

Valuation Ratios
P/E Ratio 43.9
Price to Sales 3.2
Price to Book 3.3
Price to Tangible Book
Price to Cash Flow 18
Price to Free Cash Flow 21.3
Growth Rates
Sales Growth Rate 2.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -28%
Cap. Spend. - 3 Yr. Gr. Rate 1.1%
Financial Strength
Quick Ratio 57
Current Ratio 0.1
LT Debt to Equity 37.9%
Total Debt to Equity 38.5%
Interest Coverage 28
Management Effectiveness
Return On Assets 5%
Ret/ On Assets - 3 Yr. Avg. 5.5%
Return On Total Capital 5.8%
Ret/ On T. Cap. - 3 Yr. Avg. 6.8%
Return On Equity 7.9%
Return On Equity - 3 Yr. Avg. 8.3%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 38%
Gross Margin - 3 Yr. Avg. 37.7%
EBITDA Margin 18.8%
EBITDA Margin - 3 Yr. Avg. 17.3%
Operating Margin 12.8%
Oper. Margin - 3 Yr. Avg. 12.6%
Pre-Tax Margin 12.5%
Pre-Tax Margin - 3 Yr. Avg. 12%
Net Profit Margin 7.3%
Net Profit Margin - 3 Yr. Avg. 7.7%
Effective Tax Rate 41.5%
Eff/ Tax Rate - 3 Yr. Avg. 35.4%
Payout Ratio 0%

ROG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ROG stock intrinsic value calculation we used $656 million for the last fiscal year's total revenue generated by Rogers. The default revenue input number comes from 2016 income statement of Rogers. 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 ROG stock valuation model: a) initial revenue growth rate of 26.7% 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 4.3%, whose default value for ROG is calculated based on our internal credit rating of Rogers, 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 Rogers.
    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 ROG stock the variable cost ratio is equal to 46.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $273 million in the base year in the intrinsic value calculation for ROG 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 Rogers.

Corporate tax rate of 27% is the nominal tax rate for Rogers. 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 ROG 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 ROG are equal to 43.3%.

Life of production assets of 12.5 years is the average useful life of capital assets used in Rogers 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 ROG is equal to 20.3%. 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 - $636 million for Rogers - 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 17.724 million for Rogers 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 Rogers at the current share price and the inputted number of shares is $2.1 billion.

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▶ Why Rogers Corp. Soared Today   [Apr-27-17 04:16PM  Motley Fool]
▶ Rogers Corp. posts 1Q profit   [Apr-26-17 04:59PM  Associated Press]
▶ Rogers Corp. Value Analysis (NYSE:ROG) : April 21, 2017   [Apr-21-17 03:47PM  Capital Cube]
▶ Trump's big pharma impact   [Mar-30-17 05:47PM  CNBC Videos]
▶ Rogers Corp. posts 4Q profit   [07:36AM  Associated Press]
▶ Do Hedge Funds Love Rogers Corporation (ROG)?   [Dec-02-16 03:29AM  at Insider Monkey]
▶ Rogers Acquires DeWAL Industries   [01:06PM  Business Wire]
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▶ BREAKING: New global corporate headquarters headed to Phoenix area   [Aug-08-16 05:00PM  at bizjournals.com]
Stock chart of ROG Financial statements of ROG Annual reports of ROG
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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