Intrinsic value of Sonic Automotive Cl A - SAH

Previous Close

$18.90

  Intrinsic Value

$22.23

stock screener

  Rating & Target

hold

+18%

  Value-price divergence*

-24%

Previous close

$18.90

 
Intrinsic value

$22.23

 
Up/down potential

+18%

 
Rating

hold

 
Value-price divergence*

-24%

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

We calculate the intrinsic value of SAH 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 0.8

 

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, %
  1.12
  2.40
  2.66
  2.89
  3.10
  3.29
  3.46
  3.62
  3.76
  3.88
  3.99
  4.09
  4.18
  4.27
  4.34
  4.41
  4.46
  4.52
  4.57
  4.61
  4.65
  4.68
  4.72
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
Revenue, $m
  9,732
  9,966
  10,231
  10,527
  10,854
  11,211
  11,600
  12,019
  12,471
  12,955
  13,472
  14,023
  14,610
  15,233
  15,894
  16,595
  17,335
  18,119
  18,946
  19,819
  20,741
  21,712
  22,736
  23,815
  24,950
  26,146
  27,405
  28,729
  30,122
  31,587
  33,128
Variable operating expenses, $m
 
  8,490
  8,714
  8,965
  9,242
  9,545
  9,874
  10,229
  10,612
  11,022
  11,460
  11,880
  12,377
  12,905
  13,465
  14,058
  14,686
  15,349
  16,050
  16,790
  17,571
  18,394
  19,261
  20,175
  21,137
  22,150
  23,216
  24,338
  25,518
  26,759
  28,064
Fixed operating expenses, $m
 
  1,270
  1,302
  1,334
  1,368
  1,402
  1,437
  1,473
  1,510
  1,547
  1,586
  1,626
  1,666
  1,708
  1,751
  1,794
  1,839
  1,885
  1,932
  1,981
  2,030
  2,081
  2,133
  2,186
  2,241
  2,297
  2,354
  2,413
  2,474
  2,535
  2,599
Total operating expenses, $m
  9,499
  9,760
  10,016
  10,299
  10,610
  10,947
  11,311
  11,702
  12,122
  12,569
  13,046
  13,506
  14,043
  14,613
  15,216
  15,852
  16,525
  17,234
  17,982
  18,771
  19,601
  20,475
  21,394
  22,361
  23,378
  24,447
  25,570
  26,751
  27,992
  29,294
  30,663
Operating income, $m
  233
  206
  215
  228
  244
  265
  289
  317
  349
  386
  426
  518
  567
  620
  679
  742
  810
  884
  963
  1,049
  1,140
  1,238
  1,342
  1,454
  1,573
  1,699
  1,834
  1,978
  2,130
  2,293
  2,465
EBITDA, $m
  312
  309
  319
  333
  352
  374
  401
  431
  466
  505
  548
  596
  648
  705
  767
  835
  907
  985
  1,069
  1,159
  1,256
  1,359
  1,469
  1,587
  1,712
  1,845
  1,987
  2,138
  2,299
  2,469
  2,650
Interest expense (income), $m
  77
  84
  87
  89
  93
  96
  100
  104
  108
  113
  118
  123
  129
  135
  142
  149
  156
  164
  172
  181
  190
  200
  210
  220
  232
  244
  256
  269
  283
  298
  313
Earnings before tax, $m
  155
  122
  128
  138
  152
  169
  189
  213
  241
  273
  308
  394
  438
  485
  537
  593
  654
  720
  791
  868
  950
  1,038
  1,132
  1,233
  1,341
  1,456
  1,578
  1,709
  1,847
  1,995
  2,152
Tax expense, $m
  60
  33
  35
  37
  41
  46
  51
  58
  65
  74
  83
  106
  118
  131
  145
  160
  177
  194
  214
  234
  257
  280
  306
  333
  362
  393
  426
  461
  499
  539
  581
Net income, $m
  93
  89
  94
  101
  111
  123
  138
  156
  176
  199
  225
  288
  319
  354
  392
  433
  478
  526
  578
  634
  694
  758
  827
  900
  979
  1,063
  1,152
  1,247
  1,349
  1,456
  1,571

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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
Total assets, $m
  3,639
  3,723
  3,822
  3,932
  4,054
  4,188
  4,333
  4,490
  4,658
  4,839
  5,032
  5,238
  5,458
  5,690
  5,937
  6,199
  6,476
  6,768
  7,077
  7,404
  7,748
  8,111
  8,493
  8,896
  9,320
  9,767
  10,237
  10,732
  11,252
  11,799
  12,375
Adjusted assets (=assets-cash), $m
  3,636
  3,723
  3,822
  3,932
  4,054
  4,188
  4,333
  4,490
  4,658
  4,839
  5,032
  5,238
  5,458
  5,690
  5,937
  6,199
  6,476
  6,768
  7,077
  7,404
  7,748
  8,111
  8,493
  8,896
  9,320
  9,767
  10,237
  10,732
  11,252
  11,799
  12,375
Revenue / Adjusted assets
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
  2.677
Average production assets, $m
  1,032
  1,056
  1,084
  1,116
  1,150
  1,188
  1,230
  1,274
  1,322
  1,373
  1,428
  1,486
  1,549
  1,615
  1,685
  1,759
  1,838
  1,921
  2,008
  2,101
  2,199
  2,301
  2,410
  2,524
  2,645
  2,772
  2,905
  3,045
  3,193
  3,348
  3,512
Working capital, $m
  94
  1,704
  1,749
  1,800
  1,856
  1,917
  1,984
  2,055
  2,132
  2,215
  2,304
  2,398
  2,498
  2,605
  2,718
  2,838
  2,964
  3,098
  3,240
  3,389
  3,547
  3,713
  3,888
  4,072
  4,267
  4,471
  4,686
  4,913
  5,151
  5,401
  5,665
Total debt, $m
  2,409
  2,477
  2,556
  2,645
  2,743
  2,850
  2,966
  3,091
  3,226
  3,371
  3,526
  3,691
  3,867
  4,053
  4,251
  4,460
  4,682
  4,916
  5,164
  5,425
  5,701
  5,992
  6,298
  6,621
  6,961
  7,318
  7,695
  8,091
  8,508
  8,946
  9,407
Total liabilities, $m
  2,914
  2,982
  3,061
  3,150
  3,248
  3,355
  3,471
  3,596
  3,731
  3,876
  4,031
  4,196
  4,372
  4,558
  4,756
  4,965
  5,187
  5,421
  5,669
  5,930
  6,206
  6,497
  6,803
  7,126
  7,466
  7,823
  8,200
  8,596
  9,013
  9,451
  9,912
Total equity, $m
  725
  741
  761
  783
  807
  833
  862
  893
  927
  963
  1,001
  1,042
  1,086
  1,132
  1,182
  1,234
  1,289
  1,347
  1,408
  1,473
  1,542
  1,614
  1,690
  1,770
  1,855
  1,944
  2,037
  2,136
  2,239
  2,348
  2,463
Total liabilities and equity, $m
  3,639
  3,723
  3,822
  3,933
  4,055
  4,188
  4,333
  4,489
  4,658
  4,839
  5,032
  5,238
  5,458
  5,690
  5,938
  6,199
  6,476
  6,768
  7,077
  7,403
  7,748
  8,111
  8,493
  8,896
  9,321
  9,767
  10,237
  10,732
  11,252
  11,799
  12,375
Debt-to-equity ratio
  3.323
  3.340
  3.360
  3.380
  3.400
  3.420
  3.440
  3.460
  3.480
  3.500
  3.520
  3.540
  3.560
  3.580
  3.600
  3.620
  3.630
  3.650
  3.670
  3.680
  3.700
  3.710
  3.730
  3.740
  3.750
  3.770
  3.780
  3.790
  3.800
  3.810
  3.820
Adjusted equity ratio
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199
  0.199

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  93
  89
  94
  101
  111
  123
  138
  156
  176
  199
  225
  288
  319
  354
  392
  433
  478
  526
  578
  634
  694
  758
  827
  900
  979
  1,063
  1,152
  1,247
  1,349
  1,456
  1,571
Depreciation, amort., depletion, $m
  79
  103
  104
  106
  108
  110
  112
  114
  117
  119
  122
  78
  82
  85
  89
  93
  97
  101
  106
  111
  116
  121
  127
  133
  139
  146
  153
  160
  168
  176
  185
Funds from operations, $m
  223
  192
  198
  207
  218
  233
  250
  270
  293
  319
  347
  366
  401
  439
  481
  526
  574
  627
  683
  744
  809
  879
  954
  1,033
  1,118
  1,209
  1,305
  1,408
  1,517
  1,632
  1,755
Change in working capital, $m
  7
  40
  45
  51
  56
  61
  66
  72
  77
  83
  88
  94
  100
  107
  113
  120
  127
  134
  141
  149
  158
  166
  175
  184
  194
  204
  215
  226
  238
  251
  263
Cash from operations, $m
  216
  152
  152
  156
  163
  172
  184
  198
  216
  236
  259
  272
  301
  333
  368
  406
  448
  493
  542
  595
  652
  713
  778
  849
  924
  1,004
  1,090
  1,181
  1,278
  1,382
  1,492
Maintenance CAPEX, $m
  0
  -54
  -56
  -57
  -59
  -61
  -63
  -65
  -67
  -70
  -72
  -75
  -78
  -82
  -85
  -89
  -93
  -97
  -101
  -106
  -111
  -116
  -121
  -127
  -133
  -139
  -146
  -153
  -160
  -168
  -176
New CAPEX, $m
  -206
  -25
  -28
  -31
  -35
  -38
  -41
  -44
  -48
  -51
  -55
  -58
  -62
  -66
  -70
  -74
  -79
  -83
  -88
  -93
  -98
  -103
  -109
  -114
  -120
  -127
  -133
  -140
  -148
  -155
  -163
Cash from investing activities, $m
  -221
  -79
  -84
  -88
  -94
  -99
  -104
  -109
  -115
  -121
  -127
  -133
  -140
  -148
  -155
  -163
  -172
  -180
  -189
  -199
  -209
  -219
  -230
  -241
  -253
  -266
  -279
  -293
  -308
  -323
  -339
Free cash flow, $m
  -5
  73
  69
  68
  69
  73
  80
  89
  101
  115
  132
  138
  160
  185
  213
  243
  277
  313
  353
  397
  443
  494
  549
  608
  671
  738
  811
  888
  970
  1,059
  1,152
Issuance/(repayment) of debt, $m
  118
  71
  79
  89
  98
  107
  116
  126
  135
  145
  155
  165
  176
  186
  198
  210
  222
  234
  248
  261
  276
  291
  306
  323
  340
  358
  377
  396
  417
  438
  461
Issuance/(repurchase) of shares, $m
  -100
  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  
  13
  71
  79
  89
  98
  107
  116
  126
  135
  145
  155
  165
  176
  186
  198
  210
  222
  234
  248
  261
  276
  291
  306
  323
  340
  358
  377
  396
  417
  438
  461
Total cash flow (excl. dividends), $m
  8
  144
  148
  156
  167
  180
  196
  215
  236
  260
  286
  303
  336
  371
  410
  453
  498
  548
  601
  658
  719
  785
  855
  930
  1,010
  1,096
  1,187
  1,284
  1,387
  1,497
  1,613
Retained Cash Flow (-), $m
  4
  -16
  -20
  -22
  -24
  -27
  -29
  -31
  -34
  -36
  -38
  -41
  -44
  -46
  -49
  -52
  -55
  -58
  -62
  -65
  -68
  -72
  -76
  -80
  -84
  -89
  -94
  -98
  -104
  -109
  -115
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
 
  128
  128
  134
  143
  154
  167
  183
  202
  224
  248
  262
  292
  325
  361
  400
  443
  489
  539
  593
  651
  713
  779
  850
  926
  1,007
  1,094
  1,186
  1,284
  1,388
  1,499
Discount rate, %
 
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.60
  17.43
  18.31
  19.22
  20.18
  21.19
  22.25
  23.36
  24.53
  25.76
  27.05
  28.40
  29.82
  31.31
  32.87
  34.52
  36.24
  38.06
  39.96
  41.96
  44.05
  46.26
  48.57
PV of cash for distribution, $m
 
  114
  102
  93
  85
  79
  72
  66
  59
  53
  46
  38
  32
  27
  22
  17
  13
  10
  7
  5
  4
  2
  1
  1
  1
  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

Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates through two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. The EchoPark segment operates stand-alone pre-owned specialty retail locations, which enables customers to search, buy, service, and sell their pre-owned vehicles. As of December 31, 2015, it operated 114 franchises in 13 states representing 25 different brands of cars and light trucks; 18 collision repair centers; 3 stand-alone pre-owned specialty retail locations under the EchoPark brand; and 96 franchised dealership stores. The company was founded in 1997 and is based in Charlotte, North Carolina.

FINANCIAL RATIOS  of  Sonic Automotive Cl A (SAH)

Valuation Ratios
P/E Ratio 9.1
Price to Sales 0.1
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 3.9
Price to Free Cash Flow 84.5
Growth Rates
Sales Growth Rate 1.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 19.1%
Cap. Spend. - 3 Yr. Gr. Rate 5.4%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 115.9%
Total Debt to Equity 332.3%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. 4.1%
Return On Total Capital 3%
Ret/ On T. Cap. - 3 Yr. Avg. 3.2%
Return On Equity 12.8%
Return On Equity - 3 Yr. Avg. 13.4%
Asset Turnover 2.7
Profitability Ratios
Gross Margin 14.7%
Gross Margin - 3 Yr. Avg. 14.7%
EBITDA Margin 3.2%
EBITDA Margin - 3 Yr. Avg. 3.1%
Operating Margin 2.4%
Oper. Margin - 3 Yr. Avg. 2.4%
Pre-Tax Margin 1.6%
Pre-Tax Margin - 3 Yr. Avg. 1.6%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 1%
Effective Tax Rate 38.7%
Eff/ Tax Rate - 3 Yr. Avg. 39%
Payout Ratio 9.7%

SAH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SAH stock intrinsic value calculation we used $9732 million for the last fiscal year's total revenue generated by Sonic Automotive Cl A. The default revenue input number comes from 2016 income statement of Sonic Automotive Cl A. 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 SAH stock valuation model: a) initial revenue growth rate of 2.4% 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 11.8%, whose default value for SAH is calculated based on our internal credit rating of Sonic Automotive Cl A, 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 Sonic Automotive Cl A.
    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 SAH stock the variable cost ratio is equal to 85.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1239 million in the base year in the intrinsic value calculation for SAH 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 Sonic Automotive Cl A.

Corporate tax rate of 27% is the nominal tax rate for Sonic Automotive Cl A. 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 SAH 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 SAH are equal to 10.6%.

Life of production assets of 19 years is the average useful life of capital assets used in Sonic Automotive Cl A 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 SAH is equal to 17.1%. 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 - $725 million for Sonic Automotive Cl A - 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 42.705 million for Sonic Automotive Cl A 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 Sonic Automotive Cl A at the current share price and the inputted number of shares is $0.8 billion.

RELATED COMPANIES Price Int.Val. Rating
LAD Lithia Motors 99.53 56.61  sell
GPI Group 1 Automo 60.39 76.13  hold
AN AutoNation 42.82 50.19  hold
ABG Asbury Automot 53.50 57.47  hold
PAG Penske Automot 43.67 36.49  hold
RUSHA Rush Enterpris 38.18 4.84  str.sell

COMPANY NEWS

▶ Lumber co.'s inner-Loop site sold to Fortune 500 auto retailer   [May-18-17 12:28PM  American City Business Journals]
▶ Sonic Automotive reports 1Q loss   [Apr-26-17 07:50AM  Associated Press]
▶ Sonic Automotive Has Momentum   [07:00AM  Morningstar]
▶ BMW, Houston and EchoPark help Sonic Automotive end 2016 strong   [Feb-21-17 06:20PM  at bizjournals.com]
▶ MLS exec 'impressed' by Charlotte bid group   [Feb-01-17 05:37PM  at bizjournals.com]
▶ Is Sonic Automotive Inc (SAH) A Good Stock To Buy?   [Dec-07-16 03:48PM  at Insider Monkey]
▶ Here's When to Sell These 5 Toxic Stocks   [Jul-02-16 11:40AM  at TheStreet]
▶ Shares jump as Sonic Automotive touts record car sales   [Apr-26-16 02:55PM  at bizjournals.com]
▶ Why Are Investors Piling Into These Stocks Today?   [01:50PM  at Insider Monkey]
Stock chart of SAH Financial statements of SAH Annual reports of SAH
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.