Intrinsic value of Retail Opportunity Investment - ROIC

Previous Close

$21.52

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$21.52

 
Intrinsic value

$2.68

 
Up/down potential

-88%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying
Our model is not good at valuating stocks of financial companies, such as ROIC.

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

We calculate the intrinsic value of ROIC 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 2.4

 

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, %
  22.80
  23.50
  21.65
  19.99
  18.49
  17.14
  15.92
  14.83
  13.85
  12.96
  12.17
  11.45
  10.81
  10.22
  9.70
  9.23
  8.81
  8.43
  8.09
  7.78
  7.50
  7.25
  7.02
  6.82
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
  5.87
Revenue, $m
  237
  293
  356
  427
  506
  593
  687
  789
  899
  1,015
  1,139
  1,269
  1,406
  1,550
  1,700
  1,857
  2,021
  2,191
  2,368
  2,553
  2,744
  2,943
  3,150
  3,364
  3,588
  3,820
  4,062
  4,314
  4,576
  4,849
  5,133
Variable operating expenses, $m
 
  179
  218
  261
  310
  363
  421
  483
  550
  621
  697
  777
  861
  949
  1,041
  1,137
  1,237
  1,341
  1,449
  1,562
  1,679
  1,801
  1,928
  2,059
  2,196
  2,338
  2,486
  2,640
  2,800
  2,967
  3,142
Fixed operating expenses, $m
 
  15
  16
  16
  17
  17
  17
  18
  18
  19
  19
  20
  20
  21
  21
  22
  22
  23
  23
  24
  25
  25
  26
  26
  27
  28
  29
  29
  30
  31
  31
Total operating expenses, $m
  160
  194
  234
  277
  327
  380
  438
  501
  568
  640
  716
  797
  881
  970
  1,062
  1,159
  1,259
  1,364
  1,472
  1,586
  1,704
  1,826
  1,954
  2,085
  2,223
  2,366
  2,515
  2,669
  2,830
  2,998
  3,173
Operating income, $m
  77
  98
  122
  150
  180
  213
  249
  288
  330
  375
  423
  473
  525
  581
  639
  699
  762
  827
  896
  966
  1,040
  1,117
  1,196
  1,279
  1,365
  1,454
  1,548
  1,644
  1,745
  1,851
  1,960
EBITDA, $m
  165
  207
  255
  308
  368
  433
  504
  581
  664
  752
  845
  944
  1,047
  1,156
  1,270
  1,388
  1,512
  1,641
  1,775
  1,914
  2,059
  2,209
  2,365
  2,528
  2,697
  2,872
  3,055
  3,246
  3,444
  3,650
  3,866
Interest expense (income), $m
  34
  40
  53
  67
  82
  100
  119
  139
  162
  186
  211
  238
  267
  297
  328
  361
  396
  432
  469
  508
  548
  590
  633
  679
  726
  775
  826
  879
  934
  991
  1,051
Earnings before tax, $m
  36
  58
  69
  83
  97
  113
  131
  149
  169
  189
  211
  234
  259
  284
  310
  338
  366
  396
  427
  459
  492
  527
  563
  600
  639
  680
  722
  766
  812
  860
  909
Tax expense, $m
  0
  16
  19
  22
  26
  31
  35
  40
  46
  51
  57
  63
  70
  77
  84
  91
  99
  107
  115
  124
  133
  142
  152
  162
  173
  184
  195
  207
  219
  232
  246
Net income, $m
  33
  42
  51
  60
  71
  83
  95
  109
  123
  138
  154
  171
  189
  207
  226
  246
  267
  289
  312
  335
  359
  385
  411
  438
  467
  496
  527
  559
  593
  627
  664

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  13
  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
  2,663
  3,289
  4,001
  4,800
  5,688
  6,662
  7,723
  8,869
  10,097
  11,406
  12,794
  14,259
  15,799
  17,415
  19,105
  20,868
  22,707
  24,620
  26,611
  28,680
  30,831
  33,066
  35,389
  37,803
  40,313
  42,924
  45,640
  48,467
  51,412
  54,481
  57,679
Adjusted assets (=assets-cash), $m
  2,650
  3,289
  4,001
  4,800
  5,688
  6,662
  7,723
  8,869
  10,097
  11,406
  12,794
  14,259
  15,799
  17,415
  19,105
  20,868
  22,707
  24,620
  26,611
  28,680
  30,831
  33,066
  35,389
  37,803
  40,313
  42,924
  45,640
  48,467
  51,412
  54,481
  57,679
Revenue / Adjusted assets
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
  0.089
Average production assets, $m
  2,402
  2,966
  3,608
  4,329
  5,129
  6,008
  6,965
  7,998
  9,106
  10,286
  11,538
  12,859
  14,249
  15,705
  17,229
  18,820
  20,478
  22,204
  23,999
  25,865
  27,805
  29,820
  31,915
  34,092
  36,356
  38,710
  41,160
  43,710
  46,365
  49,133
  52,017
Working capital, $m
  0
  -16
  -20
  -23
  -28
  -33
  -38
  -43
  -49
  -56
  -63
  -70
  -77
  -85
  -94
  -102
  -111
  -121
  -130
  -140
  -151
  -162
  -173
  -185
  -197
  -210
  -223
  -237
  -252
  -267
  -282
Total debt, $m
  1,156
  1,513
  1,909
  2,355
  2,849
  3,392
  3,983
  4,621
  5,305
  6,034
  6,807
  7,623
  8,481
  9,381
  10,322
  11,305
  12,329
  13,395
  14,503
  15,656
  16,854
  18,099
  19,393
  20,737
  22,135
  23,589
  25,102
  26,677
  28,318
  30,027
  31,808
Total liabilities, $m
  1,475
  1,832
  2,228
  2,674
  3,168
  3,711
  4,302
  4,940
  5,624
  6,353
  7,126
  7,942
  8,800
  9,700
  10,641
  11,624
  12,648
  13,714
  14,822
  15,975
  17,173
  18,418
  19,712
  21,056
  22,454
  23,908
  25,421
  26,996
  28,637
  30,346
  32,127
Total equity, $m
  1,188
  1,457
  1,772
  2,127
  2,520
  2,951
  3,421
  3,929
  4,473
  5,053
  5,668
  6,317
  6,999
  7,715
  8,463
  9,245
  10,059
  10,907
  11,789
  12,705
  13,658
  14,648
  15,677
  16,747
  17,859
  19,015
  20,218
  21,471
  22,776
  24,135
  25,552
Total liabilities and equity, $m
  2,663
  3,289
  4,000
  4,801
  5,688
  6,662
  7,723
  8,869
  10,097
  11,406
  12,794
  14,259
  15,799
  17,415
  19,104
  20,869
  22,707
  24,621
  26,611
  28,680
  30,831
  33,066
  35,389
  37,803
  40,313
  42,923
  45,639
  48,467
  51,413
  54,481
  57,679
Debt-to-equity ratio
  0.973
  1.040
  1.080
  1.110
  1.130
  1.150
  1.160
  1.180
  1.190
  1.190
  1.200
  1.210
  1.210
  1.220
  1.220
  1.220
  1.230
  1.230
  1.230
  1.230
  1.230
  1.240
  1.240
  1.240
  1.240
  1.240
  1.240
  1.240
  1.240
  1.240
  1.240
Adjusted equity ratio
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443
  0.443

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  33
  42
  51
  60
  71
  83
  95
  109
  123
  138
  154
  171
  189
  207
  226
  246
  267
  289
  312
  335
  359
  385
  411
  438
  467
  496
  527
  559
  593
  627
  664
Depreciation, amort., depletion, $m
  88
  109
  132
  159
  188
  220
  255
  293
  334
  377
  423
  471
  522
  575
  631
  689
  750
  813
  879
  947
  1,018
  1,092
  1,169
  1,249
  1,332
  1,418
  1,508
  1,601
  1,698
  1,800
  1,905
Funds from operations, $m
  112
  151
  183
  219
  259
  303
  350
  402
  457
  515
  577
  642
  711
  782
  858
  936
  1,017
  1,102
  1,191
  1,282
  1,378
  1,477
  1,580
  1,687
  1,798
  1,914
  2,035
  2,160
  2,291
  2,427
  2,569
Change in working capital, $m
  -3
  -3
  -3
  -4
  -4
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
Cash from operations, $m
  115
  325
  186
  223
  263
  308
  356
  407
  463
  522
  584
  649
  718
  790
  866
  944
  1,026
  1,112
  1,200
  1,292
  1,388
  1,488
  1,591
  1,699
  1,811
  1,927
  2,048
  2,174
  2,305
  2,442
  2,585
Maintenance CAPEX, $m
  0
  -88
  -109
  -132
  -159
  -188
  -220
  -255
  -293
  -334
  -377
  -423
  -471
  -522
  -575
  -631
  -689
  -750
  -813
  -879
  -947
  -1,018
  -1,092
  -1,169
  -1,249
  -1,332
  -1,418
  -1,508
  -1,601
  -1,698
  -1,800
New CAPEX, $m
  -326
  -564
  -642
  -721
  -800
  -879
  -957
  -1,033
  -1,108
  -1,180
  -1,252
  -1,321
  -1,389
  -1,457
  -1,524
  -1,591
  -1,658
  -1,726
  -1,795
  -1,866
  -1,940
  -2,016
  -2,095
  -2,177
  -2,264
  -2,354
  -2,450
  -2,550
  -2,656
  -2,767
  -2,885
Cash from investing activities, $m
  -325
  -652
  -751
  -853
  -959
  -1,067
  -1,177
  -1,288
  -1,401
  -1,514
  -1,629
  -1,744
  -1,860
  -1,979
  -2,099
  -2,222
  -2,347
  -2,476
  -2,608
  -2,745
  -2,887
  -3,034
  -3,187
  -3,346
  -3,513
  -3,686
  -3,868
  -4,058
  -4,257
  -4,465
  -4,685
Free cash flow, $m
  -210
  -327
  -564
  -630
  -696
  -759
  -821
  -881
  -938
  -992
  -1,045
  -1,094
  -1,142
  -1,188
  -1,233
  -1,277
  -1,321
  -1,364
  -1,408
  -1,453
  -1,499
  -1,546
  -1,596
  -1,647
  -1,702
  -1,759
  -1,820
  -1,884
  -1,951
  -2,023
  -2,100
Issuance/(repayment) of debt, $m
  161
  357
  397
  445
  494
  543
  591
  638
  684
  729
  773
  816
  858
  900
  941
  982
  1,024
  1,066
  1,109
  1,153
  1,198
  1,245
  1,294
  1,345
  1,398
  1,454
  1,513
  1,575
  1,640
  1,709
  1,782
Issuance/(repurchase) of shares, $m
  184
  239
  483
  539
  594
  648
  700
  750
  798
  843
  886
  927
  967
  1,004
  1,041
  1,076
  1,111
  1,146
  1,181
  1,217
  1,254
  1,292
  1,331
  1,372
  1,416
  1,461
  1,510
  1,561
  1,616
  1,674
  1,735
Cash from financing (excl. dividends), $m  
  299
  596
  880
  984
  1,088
  1,191
  1,291
  1,388
  1,482
  1,572
  1,659
  1,743
  1,825
  1,904
  1,982
  2,058
  2,135
  2,212
  2,290
  2,370
  2,452
  2,537
  2,625
  2,717
  2,814
  2,915
  3,023
  3,136
  3,256
  3,383
  3,517
Total cash flow (excl. dividends), $m
  88
  30
  -168
  -185
  -201
  -216
  -230
  -243
  -254
  -263
  -272
  -278
  -284
  -289
  -292
  -295
  -297
  -298
  -299
  -300
  -301
  -301
  -302
  -303
  -304
  -305
  -307
  -309
  -311
  -314
  -318
Retained Cash Flow (-), $m
  -151
  -282
  -315
  -354
  -393
  -432
  -470
  -507
  -544
  -580
  -615
  -649
  -683
  -716
  -749
  -781
  -814
  -848
  -882
  -917
  -953
  -990
  -1,029
  -1,069
  -1,112
  -1,156
  -1,203
  -1,253
  -1,305
  -1,359
  -1,417
Prev. year cash balance distribution, $m
 
  13
  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
 
  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
Discount rate, %
 
  8.70
  9.14
  9.59
  10.07
  10.57
  11.10
  11.66
  12.24
  12.85
  13.50
  14.17
  14.88
  15.62
  16.41
  17.23
  18.09
  18.99
  19.94
  20.94
  21.98
  23.08
  24.24
  25.45
  26.72
  28.06
  29.46
  30.93
  32.48
  34.11
  35.81
PV of cash for 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
Current shareholders' claim on cash, %
  100
  90.8
  77.9
  67.7
  59.4
  52.6
  47.1
  42.4
  38.5
  35.2
  32.4
  30.0
  27.8
  26.0
  24.3
  22.9
  21.6
  20.4
  19.4
  18.4
  17.6
  16.8
  16.1
  15.4
  14.8
  14.2
  13.6
  13.1
  12.7
  12.2
  11.8

Retail Opportunity Investments Corp., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers in the eastern and western regions of the United States. As of December 31, 2011, its portfolio consisted of 30 owned retail properties totaling approximately 3.2 million square feet of gross leasable area. The company has elected to be taxed as a REIT, for U.S. federal income tax purposes. The company is based in San Diego, California with additional offices in New York City; Rancho Cordova, California; West Linn, Oregon; and Federal Way, Washington.

FINANCIAL RATIOS  of  Retail Opportunity Investment (ROIC)

Valuation Ratios
P/E Ratio 71.3
Price to Sales 9.9
Price to Book 2
Price to Tangible Book
Price to Cash Flow 20.5
Price to Free Cash Flow -11.1
Growth Rates
Sales Growth Rate 22.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -4.4%
Cap. Spend. - 3 Yr. Gr. Rate -1.5%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 97.3%
Total Debt to Equity 97.3%
Interest Coverage 2
Management Effectiveness
Return On Assets 2.7%
Ret/ On Assets - 3 Yr. Avg. 2.7%
Return On Total Capital 1.5%
Ret/ On T. Cap. - 3 Yr. Avg. 1.4%
Return On Equity 3%
Return On Equity - 3 Yr. Avg. 2.6%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 86.5%
Gross Margin - 3 Yr. Avg. 85.1%
EBITDA Margin 66.7%
EBITDA Margin - 3 Yr. Avg. 66.8%
Operating Margin 32.5%
Oper. Margin - 3 Yr. Avg. 31.7%
Pre-Tax Margin 15.2%
Pre-Tax Margin - 3 Yr. Avg. 13.9%
Net Profit Margin 13.9%
Net Profit Margin - 3 Yr. Avg. 13.1%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 254.5%

ROIC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ROIC stock intrinsic value calculation we used $237 million for the last fiscal year's total revenue generated by Retail Opportunity Investment. The default revenue input number comes from 2016 income statement of Retail Opportunity Investment. 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 ROIC stock valuation model: a) initial revenue growth rate of 23.5% 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 8.7%, whose default value for ROIC is calculated based on our internal credit rating of Retail Opportunity Investment, 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 Retail Opportunity Investment.
    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 ROIC stock the variable cost ratio is equal to 61.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $15 million in the base year in the intrinsic value calculation for ROIC 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 Retail Opportunity Investment.

Corporate tax rate of 27% is the nominal tax rate for Retail Opportunity Investment. 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 ROIC 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 ROIC are equal to 1013.3%.

Life of production assets of 27.3 years is the average useful life of capital assets used in Retail Opportunity Investment 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 ROIC is equal to -5.5%. 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 - $1188 million for Retail Opportunity Investment - 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 110.794 million for Retail Opportunity Investment 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 Retail Opportunity Investment at the current share price and the inputted number of shares is $2.4 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
BLK BlackRock 388.19 788.66  str.buy
TJX TJX 78.78 87.42  hold
RAD Rite Aid 3.97 3.30  sell
CVS CVS Health 82.17 249.22  str.buy
ROST Ross Stores 64.75 72.68  hold
IVZ INVESCO 32.17 38.74  buy
SFM Sprouts Farmer 22.66 21.00  hold
KR Kroger 29.84 30.43  hold

COMPANY NEWS

▶ 3 Top High-Yield Dividend Stocks to Buy Now   [Apr-20-17 09:55AM  Motley Fool]
▶ 3 Stocks We Can't Wait to Buy on Sale   [Feb-28-17 09:33AM  Motley Fool]
▶ 3 Stocks We Can't Wait to Buy on Sale   [09:33AM  at Motley Fool]
▶ Retail Opportunity Investments reports 4Q results   [Feb-22-17 07:26PM  Associated Press]
▶ Why These REITs Can Thrive Under Trump   [Jan-24-17 06:00AM  at Investopedia]
▶ Amazon Go: The Power Of Clicks And Bricks   [Dec-12-16 07:00AM  at Forbes]
▶ Retail Opportunity Investments Keeps Growing Its Portfolio   [Oct-27-16 07:15AM  at Motley Fool]
▶ Trend Channel Stocks Near the Buy Point (WCN, MWA)   [Sep-05-16 01:00PM  at Investopedia]
▶ 3 Stocks That Could Soar More Than Barrick Gold   [Jul-16-16 11:30AM  at Motley Fool]
▶ 2 High-Yield Stocks I Wouldn't Buy Today   [Jul-01-16 08:41AM  at Motley Fool]
▶ Retail Opportunity Investments Corp. Raises the Bar   [Apr-27-16 08:40PM  at Motley Fool]
Stock chart of ROIC Financial statements of ROIC
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.