Intrinsic value of Silgan Holdings - SLGN

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$61.30

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$61.30

 
Intrinsic value

$33.17

 
Up/down potential

-46%

 
Rating

sell

 
Value-price divergence* premium content

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

We calculate the intrinsic value of SLGN 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 3.4

 

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, %
  -4.01
  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
  3,613
  3,685
  3,770
  3,867
  3,976
  4,096
  4,228
  4,372
  4,528
  4,696
  4,877
  5,069
  5,275
  5,494
  5,727
  5,974
  6,236
  6,513
  6,806
  7,116
  7,443
  7,788
  8,151
  8,535
  8,939
  9,364
  9,813
  10,284
  10,780
  11,302
  11,852
Variable operating expenses, $m
 
  3,194
  3,266
  3,348
  3,441
  3,543
  3,656
  3,778
  3,911
  4,054
  4,207
  4,310
  4,485
  4,671
  4,869
  5,079
  5,302
  5,538
  5,787
  6,050
  6,328
  6,621
  6,931
  7,257
  7,600
  7,962
  8,343
  8,744
  9,166
  9,610
  10,077
Fixed operating expenses, $m
 
  188
  192
  197
  202
  207
  212
  218
  223
  229
  234
  240
  246
  252
  259
  265
  272
  278
  285
  293
  300
  307
  315
  323
  331
  339
  348
  356
  365
  374
  384
Total operating expenses, $m
  3,313
  3,382
  3,458
  3,545
  3,643
  3,750
  3,868
  3,996
  4,134
  4,283
  4,441
  4,550
  4,731
  4,923
  5,128
  5,344
  5,574
  5,816
  6,072
  6,343
  6,628
  6,928
  7,246
  7,580
  7,931
  8,301
  8,691
  9,100
  9,531
  9,984
  10,461
Operating income, $m
  300
  304
  312
  321
  333
  346
  360
  377
  395
  414
  435
  519
  544
  570
  599
  630
  662
  697
  734
  773
  815
  859
  906
  955
  1,008
  1,063
  1,122
  1,184
  1,249
  1,318
  1,391
EBITDA, $m
  443
  464
  474
  487
  501
  517
  535
  556
  578
  602
  628
  656
  687
  719
  754
  791
  831
  873
  918
  966
  1,016
  1,070
  1,126
  1,186
  1,249
  1,316
  1,387
  1,462
  1,541
  1,624
  1,712
Interest expense (income), $m
  65
  65
  67
  69
  72
  76
  79
  84
  88
  93
  98
  104
  109
  116
  123
  130
  137
  145
  154
  163
  173
  183
  193
  205
  216
  229
  242
  256
  270
  286
  302
Earnings before tax, $m
  232
  239
  245
  252
  260
  270
  281
  293
  307
  321
  338
  415
  434
  455
  476
  500
  525
  551
  580
  610
  642
  676
  712
  751
  791
  834
  880
  928
  979
  1,032
  1,089
Tax expense, $m
  79
  65
  66
  68
  70
  73
  76
  79
  83
  87
  91
  112
  117
  123
  129
  135
  142
  149
  157
  165
  173
  183
  192
  203
  214
  225
  238
  250
  264
  279
  294
Net income, $m
  153
  175
  179
  184
  190
  197
  205
  214
  224
  235
  246
  303
  317
  332
  348
  365
  383
  402
  423
  445
  469
  494
  520
  548
  578
  609
  642
  677
  714
  754
  795

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  25
  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
  3,149
  3,185
  3,258
  3,342
  3,436
  3,540
  3,655
  3,779
  3,914
  4,059
  4,215
  4,381
  4,559
  4,749
  4,950
  5,163
  5,390
  5,629
  5,882
  6,150
  6,433
  6,731
  7,045
  7,377
  7,726
  8,094
  8,481
  8,889
  9,318
  9,769
  10,243
Adjusted assets (=assets-cash), $m
  3,124
  3,185
  3,258
  3,342
  3,436
  3,540
  3,655
  3,779
  3,914
  4,059
  4,215
  4,381
  4,559
  4,749
  4,950
  5,163
  5,390
  5,629
  5,882
  6,150
  6,433
  6,731
  7,045
  7,377
  7,726
  8,094
  8,481
  8,889
  9,318
  9,769
  10,243
Revenue / Adjusted assets
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
  1.157
Average production assets, $m
  1,329
  1,356
  1,387
  1,423
  1,463
  1,507
  1,556
  1,609
  1,666
  1,728
  1,795
  1,866
  1,941
  2,022
  2,108
  2,198
  2,295
  2,397
  2,505
  2,619
  2,739
  2,866
  3,000
  3,141
  3,290
  3,446
  3,611
  3,785
  3,967
  4,159
  4,361
Working capital, $m
  100
  299
  305
  313
  322
  332
  343
  354
  367
  380
  395
  411
  427
  445
  464
  484
  505
  528
  551
  576
  603
  631
  660
  691
  724
  759
  795
  833
  873
  916
  960
Total debt, $m
  1,562
  1,589
  1,652
  1,723
  1,803
  1,891
  1,988
  2,094
  2,209
  2,332
  2,465
  2,606
  2,757
  2,918
  3,089
  3,271
  3,463
  3,667
  3,882
  4,110
  4,350
  4,603
  4,870
  5,152
  5,449
  5,762
  6,091
  6,437
  6,802
  7,185
  7,589
Total liabilities, $m
  2,680
  2,707
  2,770
  2,841
  2,921
  3,009
  3,106
  3,212
  3,327
  3,450
  3,583
  3,724
  3,875
  4,036
  4,207
  4,389
  4,581
  4,785
  5,000
  5,228
  5,468
  5,721
  5,988
  6,270
  6,567
  6,880
  7,209
  7,555
  7,920
  8,303
  8,707
Total equity, $m
  469
  478
  489
  501
  515
  531
  548
  567
  587
  609
  632
  657
  684
  712
  742
  775
  808
  844
  882
  923
  965
  1,010
  1,057
  1,107
  1,159
  1,214
  1,272
  1,333
  1,398
  1,465
  1,537
Total liabilities and equity, $m
  3,149
  3,185
  3,259
  3,342
  3,436
  3,540
  3,654
  3,779
  3,914
  4,059
  4,215
  4,381
  4,559
  4,748
  4,949
  5,164
  5,389
  5,629
  5,882
  6,151
  6,433
  6,731
  7,045
  7,377
  7,726
  8,094
  8,481
  8,888
  9,318
  9,768
  10,244
Debt-to-equity ratio
  3.330
  3.330
  3.380
  3.440
  3.500
  3.560
  3.630
  3.690
  3.760
  3.830
  3.900
  3.970
  4.030
  4.100
  4.160
  4.220
  4.280
  4.340
  4.400
  4.450
  4.510
  4.560
  4.610
  4.660
  4.700
  4.750
  4.790
  4.830
  4.870
  4.900
  4.940
Adjusted equity ratio
  0.142
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150
  0.150

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  153
  175
  179
  184
  190
  197
  205
  214
  224
  235
  246
  303
  317
  332
  348
  365
  383
  402
  423
  445
  469
  494
  520
  548
  578
  609
  642
  677
  714
  754
  795
Depreciation, amort., depletion, $m
  143
  160
  163
  165
  168
  171
  175
  179
  183
  188
  192
  137
  143
  149
  155
  162
  169
  176
  184
  193
  201
  211
  221
  231
  242
  253
  266
  278
  292
  306
  321
Funds from operations, $m
  412
  335
  341
  349
  358
  369
  380
  393
  407
  422
  439
  440
  460
  481
  503
  526
  552
  579
  607
  638
  670
  704
  741
  779
  819
  862
  908
  956
  1,006
  1,059
  1,116
Change in working capital, $m
  17
  6
  7
  8
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  24
  25
  26
  28
  29
  31
  33
  34
  36
  38
  40
  42
  44
Cash from operations, $m
  395
  338
  335
  341
  349
  359
  369
  381
  394
  409
  424
  425
  443
  463
  484
  506
  531
  556
  584
  613
  644
  676
  711
  748
  787
  828
  871
  917
  966
  1,017
  1,071
Maintenance CAPEX, $m
  0
  -98
  -100
  -102
  -105
  -108
  -111
  -114
  -118
  -123
  -127
  -132
  -137
  -143
  -149
  -155
  -162
  -169
  -176
  -184
  -193
  -201
  -211
  -221
  -231
  -242
  -253
  -266
  -278
  -292
  -306
New CAPEX, $m
  -192
  -27
  -31
  -36
  -40
  -44
  -49
  -53
  -57
  -62
  -66
  -71
  -76
  -81
  -86
  -91
  -96
  -102
  -108
  -114
  -120
  -127
  -134
  -141
  -149
  -157
  -165
  -174
  -183
  -192
  -202
Cash from investing activities, $m
  -180
  -125
  -131
  -138
  -145
  -152
  -160
  -167
  -175
  -185
  -193
  -203
  -213
  -224
  -235
  -246
  -258
  -271
  -284
  -298
  -313
  -328
  -345
  -362
  -380
  -399
  -418
  -440
  -461
  -484
  -508
Free cash flow, $m
  215
  213
  204
  204
  205
  207
  210
  214
  219
  224
  231
  222
  230
  239
  250
  261
  273
  286
  300
  315
  331
  348
  366
  386
  407
  429
  453
  478
  505
  533
  563
Issuance/(repayment) of debt, $m
  55
  52
  62
  71
  80
  89
  97
  106
  115
  123
  132
  142
  151
  161
  171
  181
  192
  204
  215
  227
  240
  253
  267
  282
  297
  313
  329
  346
  365
  384
  403
Issuance/(repurchase) of shares, $m
  -281
  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  
  -248
  52
  62
  71
  80
  89
  97
  106
  115
  123
  132
  142
  151
  161
  171
  181
  192
  204
  215
  227
  240
  253
  267
  282
  297
  313
  329
  346
  365
  384
  403
Total cash flow (excl. dividends), $m
  -34
  266
  266
  275
  285
  295
  307
  320
  333
  348
  363
  364
  381
  400
  421
  442
  465
  489
  515
  542
  571
  601
  634
  668
  704
  742
  782
  825
  870
  917
  967
Retained Cash Flow (-), $m
  170
  -9
  -11
  -13
  -14
  -16
  -17
  -19
  -20
  -22
  -23
  -25
  -27
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -45
  -47
  -50
  -52
  -55
  -58
  -61
  -64
  -68
  -71
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
 
  257
  255
  262
  271
  280
  290
  301
  313
  326
  340
  339
  355
  372
  390
  410
  431
  453
  477
  502
  529
  557
  587
  618
  652
  687
  724
  764
  805
  849
  896
Discount rate, %
 
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
 
  234
  209
  192
  175
  159
  142
  126
  110
  95
  81
  65
  54
  44
  36
  28
  22
  16
  12
  9
  6
  4
  3
  2
  1
  1
  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

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for shelf-stable food and other consumer goods products worldwide. It operates through three segments: Metal Containers, Closures, and Plastic Containers. The Metal Containers segment manufactures and sells steel and aluminum containers for food products, including soups, vegetables, fruits, meat, tomato based products, seafood, coffee, adult nutritional drinks, pet food, and other miscellaneous food products, as well as general line metal containers primarily for chemicals. The Closures segment offers a range of metal, composite, and plastic closures for food and beverage products, such as juices and juice drinks, ready-to-drink teas, sports and energy drinks, dairy products, ketchup, salsa, pickles, tomato sauce, soups, cooking sauces, gravies, fruits, vegetables, preserves, baby food, baby juices, and infant formula products. The Plastic Containers segment manufactures and sells custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. This segment also offers plastic thermoformed barrier and non-barrier bowls and trays for food products, such as soups and other ready-to-eat meals, and pet food, as well as thermoformed plastic tubs for personal care and household products, including soft fabric wipes. The company markets its products primarily through direct sales force, as well as through a network of distributors and an online shopping catalog. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.

FINANCIAL RATIOS  of  Silgan Holdings (SLGN)

Valuation Ratios
P/E Ratio 22.1
Price to Sales 0.9
Price to Book 7.2
Price to Tangible Book
Price to Cash Flow 8.5
Price to Free Cash Flow 16.6
Growth Rates
Sales Growth Rate -4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -19%
Cap. Spend. - 3 Yr. Gr. Rate 13.3%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 286.8%
Total Debt to Equity 333%
Interest Coverage 5
Management Effectiveness
Return On Assets 6.2%
Ret/ On Assets - 3 Yr. Avg. 6.6%
Return On Total Capital 7.3%
Ret/ On T. Cap. - 3 Yr. Avg. 7.6%
Return On Equity 27.6%
Return On Equity - 3 Yr. Avg. 26.2%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 14.8%
Gross Margin - 3 Yr. Avg. 14.9%
EBITDA Margin 12.2%
EBITDA Margin - 3 Yr. Avg. 12.4%
Operating Margin 8.3%
Oper. Margin - 3 Yr. Avg. 8.7%
Pre-Tax Margin 6.4%
Pre-Tax Margin - 3 Yr. Avg. 6.8%
Net Profit Margin 4.2%
Net Profit Margin - 3 Yr. Avg. 4.5%
Effective Tax Rate 34.1%
Eff/ Tax Rate - 3 Yr. Avg. 34.1%
Payout Ratio 26.8%

SLGN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SLGN stock intrinsic value calculation we used $3613 million for the last fiscal year's total revenue generated by Silgan Holdings. The default revenue input number comes from 2016 income statement of Silgan Holdings. 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 SLGN 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 9.9%, whose default value for SLGN is calculated based on our internal credit rating of Silgan Holdings, 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 Silgan Holdings.
    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 SLGN stock the variable cost ratio is equal to 86.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $183 million in the base year in the intrinsic value calculation for SLGN 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 4.2% for Silgan Holdings.

Corporate tax rate of 27% is the nominal tax rate for Silgan Holdings. 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 SLGN 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 SLGN are equal to 36.8%.

Life of production assets of 13.6 years is the average useful life of capital assets used in Silgan Holdings 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 SLGN is equal to 8.1%. 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 - $469 million for Silgan Holdings - 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 55.088 million for Silgan Holdings 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 Silgan Holdings at the current share price and the inputted number of shares is $3.4 billion.


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COMPANY NEWS

▶ Silgan beats Street 1Q forecasts   [07:42AM  Associated Press]
▶ Webcast-Q1 Earnings Call for Silgan Holdings, Inc.   [12:14AM  at Company Spotlight]
▶ [$$] Ball Corp.: The Can-Do Can Maker   [Mar-11-17 12:36AM  at Barrons.com]
▶ Dividend Growth Stocks Raising The Bar   [Mar-06-17 09:28AM  Insider Monkey]
▶ Silgan Announces Pricing of New Senior Notes Offerings   [Feb-08-17 03:52PM  Business Wire]
▶ Silgan Announces New Senior Notes Offerings   [04:42PM  Business Wire]
▶ [$$] WestRock Sells Closure-and-Dispensing Business to Silgan   [10:51AM  at The Wall Street Journal]
▶ Is Silgan Holdings Inc. (SLGN) A Good Stock To Buy?   [Dec-13-16 08:39AM  at Insider Monkey]
▶ Silgan Declares Quarterly Dividend   [08:00AM  Business Wire]
▶ Silgan Announces Third Quarter Earnings   [07:00AM  Business Wire]
▶ Silgan Declares Quarterly Dividend   [Aug-01-16 04:45PM  Business Wire]
Stock chart of SLGN Financial statements of SLGN Annual reports of SLGN
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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