Intrinsic value of Rush Enterprises Cl B - RUSHB

Previous Close

$36.96

  Intrinsic Value

$4.49

stock screener

  Rating & Target

str. sell

-88%

  Value-price divergence*

-133%

Previous close

$36.96

 
Intrinsic value

$4.49

 
Up/down potential

-88%

 
Rating

str. sell

 
Value-price divergence*

-133%

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

We calculate the intrinsic value of RUSHB 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 1.5

 

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, %
  -15.36
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  4,215
  4,299
  4,398
  4,511
  4,638
  4,779
  4,933
  5,101
  5,283
  5,479
  5,689
  5,914
  6,154
  6,410
  6,681
  6,969
  7,275
  7,598
  7,940
  8,301
  8,683
  9,085
  9,510
  9,957
  10,428
  10,925
  11,448
  11,998
  12,577
  13,186
  13,826
Variable operating expenses, $m
 
  4,067
  4,159
  4,266
  4,385
  4,517
  4,662
  4,819
  4,990
  5,174
  5,372
  5,554
  5,779
  6,019
  6,274
  6,545
  6,832
  7,136
  7,457
  7,796
  8,154
  8,532
  8,931
  9,351
  9,793
  10,260
  10,751
  11,267
  11,811
  12,383
  12,985
Fixed operating expenses, $m
 
  153
  157
  160
  164
  169
  173
  177
  182
  186
  191
  196
  200
  205
  211
  216
  221
  227
  232
  238
  244
  250
  257
  263
  270
  276
  283
  290
  297
  305
  313
Total operating expenses, $m
  4,134
  4,220
  4,316
  4,426
  4,549
  4,686
  4,835
  4,996
  5,172
  5,360
  5,563
  5,750
  5,979
  6,224
  6,485
  6,761
  7,053
  7,363
  7,689
  8,034
  8,398
  8,782
  9,188
  9,614
  10,063
  10,536
  11,034
  11,557
  12,108
  12,688
  13,298
Operating income, $m
  81
  80
  82
  85
  89
  93
  99
  104
  111
  118
  127
  165
  174
  185
  196
  209
  222
  236
  251
  267
  284
  303
  322
  343
  365
  389
  414
  440
  468
  498
  529
EBITDA, $m
  239
  227
  232
  238
  245
  253
  263
  273
  285
  298
  311
  327
  343
  360
  379
  399
  421
  444
  469
  495
  522
  552
  583
  616
  651
  688
  727
  769
  813
  859
  908
Interest expense (income), $m
  38
  44
  45
  46
  48
  50
  52
  54
  56
  59
  61
  64
  67
  71
  74
  78
  82
  86
  90
  95
  100
  105
  111
  117
  123
  129
  136
  144
  151
  159
  167
Earnings before tax, $m
  66
  36
  37
  39
  41
  44
  47
  51
  55
  60
  65
  100
  107
  114
  122
  131
  140
  150
  161
  172
  184
  197
  211
  226
  242
  259
  277
  297
  317
  339
  362
Tax expense, $m
  25
  10
  10
  10
  11
  12
  13
  14
  15
  16
  18
  27
  29
  31
  33
  35
  38
  40
  43
  46
  50
  53
  57
  61
  65
  70
  75
  80
  86
  91
  98
Net income, $m
  41
  26
  27
  28
  30
  32
  34
  37
  40
  44
  48
  73
  78
  83
  89
  95
  102
  109
  117
  126
  135
  144
  154
  165
  177
  189
  203
  217
  231
  247
  264

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  82
  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
  2,603
  2,571
  2,630
  2,698
  2,774
  2,858
  2,950
  3,051
  3,160
  3,277
  3,403
  3,537
  3,681
  3,833
  3,996
  4,168
  4,351
  4,544
  4,749
  4,965
  5,193
  5,434
  5,688
  5,955
  6,237
  6,534
  6,847
  7,176
  7,522
  7,886
  8,269
Adjusted assets (=assets-cash), $m
  2,521
  2,571
  2,630
  2,698
  2,774
  2,858
  2,950
  3,051
  3,160
  3,277
  3,403
  3,537
  3,681
  3,833
  3,996
  4,168
  4,351
  4,544
  4,749
  4,965
  5,193
  5,434
  5,688
  5,955
  6,237
  6,534
  6,847
  7,176
  7,522
  7,886
  8,269
Revenue / Adjusted assets
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
  1.672
Average production assets, $m
  1,154
  1,178
  1,205
  1,236
  1,271
  1,309
  1,352
  1,398
  1,448
  1,501
  1,559
  1,620
  1,686
  1,756
  1,831
  1,910
  1,993
  2,082
  2,176
  2,275
  2,379
  2,489
  2,606
  2,728
  2,857
  2,993
  3,137
  3,287
  3,446
  3,613
  3,788
Working capital, $m
  118
  843
  862
  884
  909
  937
  967
  1,000
  1,035
  1,074
  1,115
  1,159
  1,206
  1,256
  1,310
  1,366
  1,426
  1,489
  1,556
  1,627
  1,702
  1,781
  1,864
  1,952
  2,044
  2,141
  2,244
  2,352
  2,465
  2,584
  2,710
Total debt, $m
  1,335
  1,287
  1,326
  1,370
  1,420
  1,476
  1,536
  1,602
  1,674
  1,751
  1,834
  1,922
  2,017
  2,117
  2,224
  2,338
  2,458
  2,585
  2,720
  2,862
  3,012
  3,170
  3,337
  3,513
  3,699
  3,894
  4,100
  4,317
  4,544
  4,784
  5,036
Total liabilities, $m
  1,740
  1,692
  1,731
  1,775
  1,825
  1,881
  1,941
  2,007
  2,079
  2,156
  2,239
  2,327
  2,422
  2,522
  2,629
  2,743
  2,863
  2,990
  3,125
  3,267
  3,417
  3,575
  3,742
  3,918
  4,104
  4,299
  4,505
  4,722
  4,949
  5,189
  5,441
Total equity, $m
  863
  879
  900
  923
  949
  977
  1,009
  1,043
  1,081
  1,121
  1,164
  1,210
  1,259
  1,311
  1,367
  1,426
  1,488
  1,554
  1,624
  1,698
  1,776
  1,858
  1,945
  2,037
  2,133
  2,235
  2,342
  2,454
  2,572
  2,697
  2,828
Total liabilities and equity, $m
  2,603
  2,571
  2,631
  2,698
  2,774
  2,858
  2,950
  3,050
  3,160
  3,277
  3,403
  3,537
  3,681
  3,833
  3,996
  4,169
  4,351
  4,544
  4,749
  4,965
  5,193
  5,433
  5,687
  5,955
  6,237
  6,534
  6,847
  7,176
  7,521
  7,886
  8,269
Debt-to-equity ratio
  1.547
  1.460
  1.470
  1.490
  1.500
  1.510
  1.520
  1.540
  1.550
  1.560
  1.580
  1.590
  1.600
  1.620
  1.630
  1.640
  1.650
  1.660
  1.670
  1.690
  1.700
  1.710
  1.720
  1.730
  1.730
  1.740
  1.750
  1.760
  1.770
  1.770
  1.780
Adjusted equity ratio
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  41
  26
  27
  28
  30
  32
  34
  37
  40
  44
  48
  73
  78
  83
  89
  95
  102
  109
  117
  126
  135
  144
  154
  165
  177
  189
  203
  217
  231
  247
  264
Depreciation, amort., depletion, $m
  158
  147
  150
  153
  156
  160
  164
  169
  174
  179
  185
  162
  169
  176
  183
  191
  199
  208
  218
  227
  238
  249
  261
  273
  286
  299
  314
  329
  345
  361
  379
Funds from operations, $m
  816
  173
  177
  181
  186
  192
  198
  206
  214
  223
  233
  235
  247
  259
  272
  286
  301
  318
  335
  353
  372
  393
  415
  438
  463
  489
  516
  545
  576
  609
  643
Change in working capital, $m
  295
  17
  19
  22
  25
  28
  30
  33
  36
  38
  41
  44
  47
  50
  53
  56
  60
  63
  67
  71
  75
  79
  83
  88
  92
  97
  102
  108
  113
  119
  126
Cash from operations, $m
  521
  157
  157
  159
  161
  164
  168
  173
  178
  184
  191
  191
  200
  209
  219
  230
  242
  254
  268
  282
  298
  314
  332
  350
  370
  391
  414
  437
  463
  489
  517
Maintenance CAPEX, $m
  0
  -115
  -118
  -121
  -124
  -127
  -131
  -135
  -140
  -145
  -150
  -156
  -162
  -169
  -176
  -183
  -191
  -199
  -208
  -218
  -227
  -238
  -249
  -261
  -273
  -286
  -299
  -314
  -329
  -345
  -361
New CAPEX, $m
  -197
  -24
  -27
  -31
  -35
  -39
  -42
  -46
  -50
  -54
  -58
  -62
  -66
  -70
  -74
  -79
  -84
  -89
  -94
  -99
  -105
  -110
  -116
  -123
  -129
  -136
  -143
  -151
  -159
  -167
  -176
Cash from investing activities, $m
  -189
  -139
  -145
  -152
  -159
  -166
  -173
  -181
  -190
  -199
  -208
  -218
  -228
  -239
  -250
  -262
  -275
  -288
  -302
  -317
  -332
  -348
  -365
  -384
  -402
  -422
  -442
  -465
  -488
  -512
  -537
Free cash flow, $m
  332
  17
  12
  7
  3
  -1
  -5
  -8
  -11
  -14
  -16
  -26
  -28
  -30
  -31
  -32
  -33
  -34
  -34
  -34
  -34
  -34
  -33
  -33
  -32
  -30
  -29
  -27
  -25
  -22
  -19
Issuance/(repayment) of debt, $m
  -279
  34
  39
  44
  50
  55
  61
  66
  72
  77
  83
  89
  94
  101
  107
  113
  120
  127
  135
  142
  150
  158
  167
  176
  186
  195
  206
  217
  228
  240
  252
Issuance/(repurchase) of shares, $m
  -35
  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  
  -315
  34
  39
  44
  50
  55
  61
  66
  72
  77
  83
  89
  94
  101
  107
  113
  120
  127
  135
  142
  150
  158
  167
  176
  186
  195
  206
  217
  228
  240
  252
Total cash flow (excl. dividends), $m
  17
  51
  51
  52
  53
  54
  56
  58
  60
  63
  66
  62
  66
  71
  76
  81
  87
  94
  100
  108
  116
  124
  134
  143
  154
  165
  177
  190
  203
  217
  233
Retained Cash Flow (-), $m
  -18
  -16
  -20
  -23
  -26
  -29
  -32
  -34
  -37
  -40
  -43
  -46
  -49
  -52
  -56
  -59
  -62
  -66
  -70
  -74
  -78
  -82
  -87
  -92
  -96
  -102
  -107
  -113
  -118
  -125
  -131
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
 
  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
 
  35
  31
  29
  27
  25
  24
  23
  23
  23
  23
  16
  17
  19
  20
  22
  25
  27
  30
  34
  38
  42
  47
  52
  57
  63
  70
  77
  85
  93
  102
Discount rate, %
 
  8.80
  9.24
  9.70
  10.19
  10.70
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
  21.18
  22.24
  23.35
  24.52
  25.74
  27.03
  28.38
  29.80
  31.29
  32.85
  34.50
  36.22
PV of cash for distribution, $m
 
  32
  26
  22
  18
  15
  13
  11
  9
  8
  6
  4
  3
  3
  2
  2
  2
  1
  1
  1
  1
  1
  0
  0
  0
  0
  0
  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

Rush Enterprises, Inc., through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; and provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers. The company also offers installation of equipment, equipment repair, parts installation, and paint and body repair; sells tires for use on commercial vehicles; and provides new vehicle pre-delivery inspections, truck modifications, and natural gas fuel system installations, as well as body, chassis upfit, and component installation. It serves owner operators, regional and national truck fleets, corporations, and local governments. The company operates a network of centers located in the States of Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Missouri, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Tennessee, Texas, Utah, and Virginia. Rush Enterprises, Inc. was founded in 1965 and is headquartered in New Braunfels, Texas.

FINANCIAL RATIOS  of  Rush Enterprises Cl B (RUSHB)

Valuation Ratios
P/E Ratio 35.4
Price to Sales 0.3
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 2.8
Price to Free Cash Flow 4.5
Growth Rates
Sales Growth Rate -15.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -46.5%
Cap. Spend. - 3 Yr. Gr. Rate 0.5%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 62.9%
Total Debt to Equity 154.7%
Interest Coverage 3
Management Effectiveness
Return On Assets 2.4%
Ret/ On Assets - 3 Yr. Avg. 3.2%
Return On Total Capital 1.8%
Ret/ On T. Cap. - 3 Yr. Avg. 2.9%
Return On Equity 4.8%
Return On Equity - 3 Yr. Avg. 8.1%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 17%
Gross Margin - 3 Yr. Avg. 16.3%
EBITDA Margin 6.2%
EBITDA Margin - 3 Yr. Avg. 6%
Operating Margin 1.9%
Oper. Margin - 3 Yr. Avg. 2.5%
Pre-Tax Margin 1.6%
Pre-Tax Margin - 3 Yr. Avg. 2.2%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 1.3%
Effective Tax Rate 37.9%
Eff/ Tax Rate - 3 Yr. Avg. 38.6%
Payout Ratio 0%

RUSHB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RUSHB stock intrinsic value calculation we used $4215 million for the last fiscal year's total revenue generated by Rush Enterprises Cl B. The default revenue input number comes from 2016 income statement of Rush Enterprises Cl B. 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 RUSHB stock valuation model: a) initial revenue growth rate of 2% 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 8.8%, whose default value for RUSHB is calculated based on our internal credit rating of Rush Enterprises Cl B, 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 Rush Enterprises Cl B.
    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 RUSHB stock the variable cost ratio is equal to 94.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $149 million in the base year in the intrinsic value calculation for RUSHB 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 Rush Enterprises Cl B.

Corporate tax rate of 27% is the nominal tax rate for Rush Enterprises Cl B. 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 RUSHB 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 RUSHB are equal to 27.4%.

Life of production assets of 10 years is the average useful life of capital assets used in Rush Enterprises Cl B 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 RUSHB is equal to 19.6%. 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 - $863 million for Rush Enterprises Cl B - 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 40.379 million for Rush Enterprises Cl B 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 Rush Enterprises Cl B at the current share price and the inputted number of shares is $1.5 billion.

RELATED COMPANIES Price Int.Val. Rating
PAG Penske Automot 40.12 36.49  hold
LAD Lithia Motors 102.93 56.61  sell
SAH Sonic Automoti 16.65 22.23  hold
GPI Group 1 Automo 54.65 76.13  hold
AN AutoNation 42.48 50.19  hold
ABG Asbury Automot 50.90 57.47  hold

COMPANY NEWS

▶ Rush Enterprises posts 2Q profit   [Jul-27-17 03:10PM  Associated Press]
▶ Rush Enterprises beats 2Q profit forecasts   [Jul-26-17 11:49PM  Associated Press]
▶ 3 Value Stocks for the 2nd Quarter   [May-31-17 05:02PM  Motley Fool]
▶ Energy sector recovery boosts Rush Enterprises first quarter results   [Apr-24-17 07:45PM  American City Business Journals]
▶ Rush Enterprises posts 1Q profit   [05:52PM  Associated Press]
▶ Rush Enterprises beats 1Q profit forecasts   [04:48PM  Associated Press]
▶ Rush Enterprises, Inc. Announces Executive Promotions   [Mar-29-17 04:01PM  GlobeNewswire]
▶ Introducing Momentum Fuel Technologies   [May-04  07:48PM  at noodls]
▶ Introducing Momentum Fuel Technologies   [06:33PM  GlobeNewswire]
▶ Rush Enterprises to unveil new CNG fuel system at industry expo   [Apr-22  02:30PM  at bizjournals.com]
▶ Rush Enterprises, Inc. Reports Second Quarter Results   [Jul-22  04:20PM  GlobeNewswire]
Financial statements of RUSHB
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.