Intrinsic value of Service International - SCI

Previous Close

$35.51

  Intrinsic Value

$29.32

stock screener

  Rating & Target

hold

-17%

  Value-price divergence*

+105%

Previous close

$35.51

 
Intrinsic value

$29.32

 
Up/down potential

-17%

 
Rating

hold

 
Value-price divergence*

+105%

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

We calculate the intrinsic value of SCI 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 6.6

 

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, %
  1.51
  3.90
  4.01
  4.11
  4.20
  4.28
  4.35
  4.42
  4.47
  4.53
  4.57
  4.62
  4.65
  4.69
  4.72
  4.75
  4.77
  4.80
  4.82
  4.83
  4.85
  4.87
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
Revenue, $m
  3,031
  3,149
  3,275
  3,410
  3,553
  3,705
  3,866
  4,037
  4,218
  4,409
  4,610
  4,823
  5,048
  5,284
  5,534
  5,797
  6,073
  6,365
  6,671
  6,994
  7,333
  7,690
  8,065
  8,460
  8,874
  9,310
  9,768
  10,250
  10,756
  11,287
  11,846
Variable operating expenses, $m
 
  2,569
  2,665
  2,767
  2,876
  2,991
  3,113
  3,243
  3,380
  3,525
  3,678
  3,659
  3,829
  4,009
  4,198
  4,398
  4,608
  4,828
  5,061
  5,306
  5,563
  5,834
  6,119
  6,418
  6,732
  7,063
  7,411
  7,776
  8,160
  8,563
  8,987
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
  2,542
  2,569
  2,665
  2,767
  2,876
  2,991
  3,113
  3,243
  3,380
  3,525
  3,678
  3,659
  3,829
  4,009
  4,198
  4,398
  4,608
  4,828
  5,061
  5,306
  5,563
  5,834
  6,119
  6,418
  6,732
  7,063
  7,411
  7,776
  8,160
  8,563
  8,987
Operating income, $m
  489
  580
  611
  643
  678
  714
  753
  794
  838
  884
  933
  1,164
  1,218
  1,275
  1,336
  1,399
  1,466
  1,536
  1,610
  1,688
  1,770
  1,856
  1,947
  2,042
  2,142
  2,247
  2,358
  2,474
  2,596
  2,724
  2,859
EBITDA, $m
  734
  894
  930
  968
  1,009
  1,052
  1,098
  1,146
  1,197
  1,252
  1,309
  1,369
  1,433
  1,500
  1,571
  1,646
  1,724
  1,807
  1,894
  1,985
  2,082
  2,183
  2,290
  2,402
  2,519
  2,643
  2,773
  2,910
  3,053
  3,204
  3,363
Interest expense (income), $m
  157
  157
  168
  190
  213
  238
  264
  292
  321
  352
  385
  420
  457
  495
  536
  579
  624
  672
  722
  775
  831
  889
  950
  1,015
  1,083
  1,155
  1,230
  1,309
  1,391
  1,479
  1,570
Earnings before tax, $m
  327
  424
  442
  453
  464
  476
  489
  503
  517
  532
  548
  744
  762
  780
  800
  820
  841
  864
  888
  913
  939
  967
  996
  1,027
  1,059
  1,093
  1,128
  1,165
  1,204
  1,246
  1,289
Tax expense, $m
  150
  114
  119
  122
  125
  129
  132
  136
  140
  144
  148
  201
  206
  211
  216
  221
  227
  233
  240
  246
  254
  261
  269
  277
  286
  295
  305
  315
  325
  336
  348
Net income, $m
  177
  309
  323
  331
  339
  348
  357
  367
  377
  388
  400
  543
  556
  569
  584
  599
  614
  631
  648
  666
  686
  706
  727
  749
  773
  798
  823
  851
  879
  909
  941

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  195
  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
  12,038
  12,302
  12,795
  13,321
  13,880
  14,474
  15,103
  15,770
  16,476
  17,222
  18,009
  18,841
  19,718
  20,642
  21,617
  22,643
  23,724
  24,862
  26,059
  27,319
  28,645
  30,038
  31,504
  33,045
  34,665
  36,368
  38,158
  40,039
  42,015
  44,092
  46,273
Adjusted assets (=assets-cash), $m
  11,843
  12,302
  12,795
  13,321
  13,880
  14,474
  15,103
  15,770
  16,476
  17,222
  18,009
  18,841
  19,718
  20,642
  21,617
  22,643
  23,724
  24,862
  26,059
  27,319
  28,645
  30,038
  31,504
  33,045
  34,665
  36,368
  38,158
  40,039
  42,015
  44,092
  46,273
Revenue / Adjusted assets
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
  0.256
Average production assets, $m
  1,987
  2,063
  2,145
  2,234
  2,327
  2,427
  2,533
  2,644
  2,763
  2,888
  3,020
  3,159
  3,306
  3,461
  3,625
  3,797
  3,978
  4,169
  4,370
  4,581
  4,803
  5,037
  5,283
  5,541
  5,813
  6,098
  6,398
  6,714
  7,045
  7,393
  7,759
Working capital, $m
  -184
  -277
  -288
  -300
  -313
  -326
  -340
  -355
  -371
  -388
  -406
  -424
  -444
  -465
  -487
  -510
  -534
  -560
  -587
  -615
  -645
  -677
  -710
  -744
  -781
  -819
  -860
  -902
  -947
  -993
  -1,042
Total debt, $m
  3,308
  3,434
  3,878
  4,352
  4,855
  5,389
  5,956
  6,556
  7,191
  7,862
  8,571
  9,320
  10,109
  10,941
  11,818
  12,742
  13,715
  14,739
  15,816
  16,950
  18,143
  19,398
  20,717
  22,104
  23,562
  25,094
  26,705
  28,398
  30,176
  32,045
  34,009
Total liabilities, $m
  10,945
  11,071
  11,515
  11,989
  12,492
  13,026
  13,593
  14,193
  14,828
  15,499
  16,208
  16,957
  17,746
  18,578
  19,455
  20,379
  21,352
  22,376
  23,453
  24,587
  25,780
  27,035
  28,354
  29,741
  31,199
  32,731
  34,342
  36,035
  37,813
  39,682
  41,646
Total equity, $m
  1,093
  1,230
  1,279
  1,332
  1,388
  1,447
  1,510
  1,577
  1,648
  1,722
  1,801
  1,884
  1,972
  2,064
  2,162
  2,264
  2,372
  2,486
  2,606
  2,732
  2,864
  3,004
  3,150
  3,305
  3,467
  3,637
  3,816
  4,004
  4,201
  4,409
  4,627
Total liabilities and equity, $m
  12,038
  12,301
  12,794
  13,321
  13,880
  14,473
  15,103
  15,770
  16,476
  17,221
  18,009
  18,841
  19,718
  20,642
  21,617
  22,643
  23,724
  24,862
  26,059
  27,319
  28,644
  30,039
  31,504
  33,046
  34,666
  36,368
  38,158
  40,039
  42,014
  44,091
  46,273
Debt-to-equity ratio
  3.027
  2.790
  3.030
  3.270
  3.500
  3.720
  3.940
  4.160
  4.360
  4.570
  4.760
  4.950
  5.130
  5.300
  5.470
  5.630
  5.780
  5.930
  6.070
  6.200
  6.330
  6.460
  6.580
  6.690
  6.800
  6.900
  7.000
  7.090
  7.180
  7.270
  7.350
Adjusted equity ratio
  0.078
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  177
  309
  323
  331
  339
  348
  357
  367
  377
  388
  400
  543
  556
  569
  584
  599
  614
  631
  648
  666
  686
  706
  727
  749
  773
  798
  823
  851
  879
  909
  941
Depreciation, amort., depletion, $m
  245
  314
  319
  325
  331
  337
  344
  352
  359
  367
  376
  205
  215
  225
  235
  247
  258
  271
  284
  297
  312
  327
  343
  360
  377
  396
  415
  436
  457
  480
  504
Funds from operations, $m
  451
  623
  642
  656
  670
  685
  701
  719
  737
  756
  776
  748
  771
  794
  819
  845
  873
  902
  932
  964
  998
  1,033
  1,070
  1,109
  1,150
  1,194
  1,239
  1,287
  1,337
  1,389
  1,445
Change in working capital, $m
  -13
  -10
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -30
  -31
  -33
  -35
  -36
  -38
  -40
  -42
  -45
  -47
  -49
Cash from operations, $m
  464
  633
  653
  668
  683
  699
  716
  734
  752
  772
  793
  767
  790
  815
  841
  868
  897
  927
  959
  992
  1,027
  1,064
  1,103
  1,144
  1,187
  1,232
  1,279
  1,329
  1,381
  1,436
  1,494
Maintenance CAPEX, $m
  0
  -129
  -134
  -139
  -145
  -151
  -158
  -164
  -172
  -179
  -188
  -196
  -205
  -215
  -225
  -235
  -247
  -258
  -271
  -284
  -297
  -312
  -327
  -343
  -360
  -377
  -396
  -415
  -436
  -457
  -480
New CAPEX, $m
  -193
  -76
  -83
  -88
  -94
  -100
  -106
  -112
  -118
  -125
  -132
  -139
  -147
  -155
  -163
  -172
  -181
  -191
  -201
  -211
  -222
  -234
  -246
  -258
  -272
  -286
  -300
  -315
  -331
  -348
  -366
Cash from investing activities, $m
  -216
  -205
  -217
  -227
  -239
  -251
  -264
  -276
  -290
  -304
  -320
  -335
  -352
  -370
  -388
  -407
  -428
  -449
  -472
  -495
  -519
  -546
  -573
  -601
  -632
  -663
  -696
  -730
  -767
  -805
  -846
Free cash flow, $m
  248
  428
  437
  440
  444
  448
  452
  457
  462
  468
  474
  432
  438
  445
  453
  461
  469
  478
  487
  497
  508
  519
  530
  543
  555
  569
  583
  598
  614
  630
  648
Issuance/(repayment) of debt, $m
  114
  237
  444
  473
  503
  534
  567
  600
  635
  671
  709
  748
  789
  832
  877
  924
  973
  1,024
  1,078
  1,134
  1,193
  1,255
  1,319
  1,387
  1,458
  1,533
  1,611
  1,693
  1,779
  1,869
  1,964
Issuance/(repurchase) of shares, $m
  -210
  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  
  -91
  237
  444
  473
  503
  534
  567
  600
  635
  671
  709
  748
  789
  832
  877
  924
  973
  1,024
  1,078
  1,134
  1,193
  1,255
  1,319
  1,387
  1,458
  1,533
  1,611
  1,693
  1,779
  1,869
  1,964
Total cash flow (excl. dividends), $m
  158
  666
  881
  913
  947
  982
  1,019
  1,057
  1,097
  1,139
  1,183
  1,180
  1,228
  1,277
  1,330
  1,385
  1,442
  1,502
  1,565
  1,631
  1,701
  1,773
  1,850
  1,930
  2,013
  2,101
  2,194
  2,291
  2,393
  2,499
  2,611
Retained Cash Flow (-), $m
  92
  -221
  -49
  -53
  -56
  -59
  -63
  -67
  -71
  -75
  -79
  -83
  -88
  -92
  -97
  -103
  -108
  -114
  -120
  -126
  -133
  -139
  -147
  -154
  -162
  -170
  -179
  -188
  -198
  -208
  -218
Prev. year cash balance distribution, $m
 
  84
  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
 
  528
  831
  861
  891
  923
  956
  991
  1,027
  1,065
  1,104
  1,097
  1,140
  1,185
  1,232
  1,282
  1,334
  1,388
  1,445
  1,505
  1,568
  1,634
  1,703
  1,775
  1,851
  1,931
  2,015
  2,103
  2,195
  2,292
  2,393
Discount rate, %
 
  10.40
  10.92
  11.47
  12.04
  12.64
  13.27
  13.94
  14.63
  15.37
  16.13
  16.94
  17.79
  18.68
  19.61
  20.59
  21.62
  22.70
  23.84
  25.03
  26.28
  27.59
  28.97
  30.42
  31.94
  33.54
  35.22
  36.98
  38.83
  40.77
  42.81
PV of cash for distribution, $m
 
  479
  676
  621
  566
  509
  453
  397
  344
  294
  247
  196
  160
  128
  100
  77
  58
  43
  31
  22
  15
  10
  6
  4
  2
  1
  1
  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

Service Corporation International, together with its subsidiaries, provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses. The company also provides professional services relating to funerals and cremations, including the use of funeral facilities and motor vehicles; arranging and directing services; and removal, preparation, embalming, and cremation services, as well as catering services. In addition, it offers funeral merchandise, including burial caskets and related accessories, urns and other cremation receptacles, outer burial containers, flowers, on-line and video tributes, stationery products, casket and cremation memorialization products, and other merchandise. Further, the company’s cemeteries provide cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options; and sells cemetery merchandise and services, including memorial markers and bases, floral placements, graveside services, merchandise installation, and burial openings and closings, as well as offers preneed cemetery merchandise and services. Service Corporation International offers its products and services under the Dignity Memorial, Dignity Planning, National Cremation Society, Advantage, Funeraria del Angel, Making Everlasting Memories, Neptune Society, and Trident Society brands. As of December 31, 2016, it owned and operated 1,502 funeral homes; and 470 cemeteries, including 281 funeral service/cemetery combination locations covering 45 states, 8 Canadian provinces, the District of Columbia, and Puerto Rico. The company was founded in 1962 and is headquartered in Houston, Texas.

FINANCIAL RATIOS  of  Service International (SCI)

Valuation Ratios
P/E Ratio 38
Price to Sales 2.2
Price to Book 6.2
Price to Tangible Book
Price to Cash Flow 14.5
Price to Free Cash Flow 24.8
Growth Rates
Sales Growth Rate 1.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 27.8%
Cap. Spend. - 3 Yr. Gr. Rate 11.3%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 292.5%
Total Debt to Equity 302.7%
Interest Coverage 3
Management Effectiveness
Return On Assets 2.2%
Ret/ On Assets - 3 Yr. Avg. 2.4%
Return On Total Capital 4.1%
Ret/ On T. Cap. - 3 Yr. Avg. 4.4%
Return On Equity 15.5%
Return On Equity - 3 Yr. Avg. 15.3%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 22.3%
Gross Margin - 3 Yr. Avg. 22.5%
EBITDA Margin 24.1%
EBITDA Margin - 3 Yr. Avg. 25.7%
Operating Margin 16.1%
Oper. Margin - 3 Yr. Avg. 17.9%
Pre-Tax Margin 10.8%
Pre-Tax Margin - 3 Yr. Avg. 12.2%
Net Profit Margin 5.8%
Net Profit Margin - 3 Yr. Avg. 6.5%
Effective Tax Rate 45.9%
Eff/ Tax Rate - 3 Yr. Avg. 46.1%
Payout Ratio 55.4%

SCI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SCI stock intrinsic value calculation we used $3031 million for the last fiscal year's total revenue generated by Service International. The default revenue input number comes from 2016 income statement of Service International. 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 SCI stock valuation model: a) initial revenue growth rate of 3.9% 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 10.4%, whose default value for SCI is calculated based on our internal credit rating of Service International, 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 Service International.
    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 SCI stock the variable cost ratio is equal to 81.8%.

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 SCI 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 4.9% for Service International.

Corporate tax rate of 27% is the nominal tax rate for Service International. 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 SCI 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 SCI are equal to 65.5%.

Life of production assets of 15.4 years is the average useful life of capital assets used in Service International 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 SCI is equal to -8.8%. 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 - $1093 million for Service International - 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 185.58 million for Service International 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 Service International at the current share price and the inputted number of shares is $6.6 billion.

RELATED COMPANIES Price Int.Val. Rating
CSV Carriage Servi 24.31 37.79  buy
STON StoneMor Partn 6.19 4.27  str.sell
MATW Matthews Inter 60.95 43.47  sell
SNFCA Security Natio 6.20 34.56  str.buy

COMPANY NEWS

▶ [$$] Oil Prices Retreat as Market Waits for OPEC News   [Aug-08-17 12:07AM  The Wall Street Journal]
▶ [$$] Oil Gains Ahead of U.S. Rig-Count Data   [06:30AM  The Wall Street Journal]
▶ Service Corp. beats 2Q profit forecasts   [Jul-26-17 11:24PM  Associated Press]
▶ Service Corp. tops Street 1Q forecasts   [Apr-26-17 05:44PM  Associated Press]
▶ Sticker shock: Why people spend $10,000 on funerals   [Mar-07-17 02:35PM  MarketWatch]
▶ The Experts Say You Should Buy These Stocks. So Should You?   [Feb-16-17 01:49PM  Insider Monkey]
▶ Is Core Laboratories N.V. (CLB) A Good Stock to Buy?   [Nov-30-16 04:11PM  at Insider Monkey]
▶ [$$] Oil Prices Rebound as Clinton Leads in Some Key States   [Nov-08-16 08:20PM  at The Wall Street Journal]
▶ [$$] Funeral Industry Seeks Ways to Stay Relevant   [Nov-03-16 11:55PM  at The Wall Street Journal]
▶ [$$] Funeral Industry Seeks Ways to Stay Relevant   [09:49AM  at The Wall Street Journal]
▶ [$$] Oil Prices Slip as OPEC Meeting Looms   [Sep-23-16 05:54AM  at The Wall Street Journal]
▶ [$$] Oil Prices Drop; Focus on Next Week's OPEC Meeting   [Sep-22-16 11:55PM  at The Wall Street Journal]
▶ Service Corporation International Awards 2016 Scholarships   [Aug-16-16 04:05PM  GlobeNewswire]
Financial statements of SCI
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.