Intrinsic value of Scripps Networks Interactive Cl A - SNI

Previous Close

$88.52

  Intrinsic Value

$65.39

stock screener

  Rating & Target

sell

-26%

Previous close

$88.52

 
Intrinsic value

$65.39

 
Up/down potential

-26%

 
Rating

sell

We calculate the intrinsic value of SNI 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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, %
  12.69
  2.90
  3.11
  3.30
  3.47
  3.62
  3.76
  3.88
  4.00
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  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
  4.89
  4.90
Revenue, $m
  3,401
  3,500
  3,608
  3,728
  3,857
  3,997
  4,147
  4,308
  4,480
  4,663
  4,859
  5,066
  5,286
  5,519
  5,765
  6,026
  6,301
  6,592
  6,898
  7,221
  7,562
  7,921
  8,299
  8,696
  9,115
  9,556
  10,019
  10,506
  11,019
  11,558
  12,124
Variable operating expenses, $m
 
  2,214
  2,278
  2,347
  2,423
  2,505
  2,593
  2,687
  2,788
  2,896
  3,010
  2,967
  3,096
  3,233
  3,377
  3,530
  3,691
  3,861
  4,040
  4,230
  4,429
  4,639
  4,861
  5,094
  5,339
  5,597
  5,868
  6,154
  6,454
  6,770
  7,101
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
  2,253
  2,214
  2,278
  2,347
  2,423
  2,505
  2,593
  2,687
  2,788
  2,896
  3,010
  2,967
  3,096
  3,233
  3,377
  3,530
  3,691
  3,861
  4,040
  4,230
  4,429
  4,639
  4,861
  5,094
  5,339
  5,597
  5,868
  6,154
  6,454
  6,770
  7,101
Operating income, $m
  1,149
  1,286
  1,331
  1,380
  1,434
  1,491
  1,554
  1,620
  1,692
  1,768
  1,849
  2,099
  2,190
  2,286
  2,388
  2,496
  2,610
  2,731
  2,858
  2,992
  3,133
  3,281
  3,438
  3,603
  3,776
  3,959
  4,151
  4,353
  4,565
  4,788
  5,023
EBITDA, $m
  1,344
  1,557
  1,605
  1,658
  1,716
  1,778
  1,845
  1,917
  1,993
  2,075
  2,162
  2,254
  2,352
  2,455
  2,565
  2,681
  2,803
  2,933
  3,069
  3,213
  3,364
  3,524
  3,692
  3,869
  4,055
  4,251
  4,458
  4,674
  4,902
  5,142
  5,394
Interest expense (income), $m
  131
  111
  115
  120
  125
  131
  137
  144
  151
  158
  166
  175
  184
  194
  204
  215
  227
  239
  252
  265
  279
  294
  310
  327
  345
  363
  382
  403
  424
  447
  471
Earnings before tax, $m
  1,278
  1,175
  1,216
  1,260
  1,309
  1,361
  1,417
  1,477
  1,541
  1,609
  1,682
  1,924
  2,006
  2,092
  2,184
  2,281
  2,384
  2,492
  2,606
  2,727
  2,853
  2,987
  3,128
  3,276
  3,432
  3,596
  3,768
  3,950
  4,140
  4,341
  4,552
Tax expense, $m
  431
  317
  328
  340
  353
  367
  383
  399
  416
  435
  454
  519
  542
  565
  590
  616
  644
  673
  704
  736
  770
  806
  844
  884
  927
  971
  1,017
  1,066
  1,118
  1,172
  1,229
Net income, $m
  674
  858
  887
  920
  955
  993
  1,034
  1,078
  1,125
  1,175
  1,228
  1,404
  1,464
  1,527
  1,595
  1,665
  1,740
  1,819
  1,903
  1,990
  2,083
  2,181
  2,283
  2,391
  2,505
  2,625
  2,751
  2,883
  3,022
  3,169
  3,323

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  123
  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
  6,200
  6,249
  6,444
  6,656
  6,887
  7,137
  7,405
  7,693
  8,000
  8,328
  8,676
  9,047
  9,439
  9,855
  10,295
  10,761
  11,252
  11,771
  12,318
  12,895
  13,504
  14,144
  14,819
  15,529
  16,277
  17,064
  17,891
  18,761
  19,676
  20,639
  21,650
Adjusted assets (=assets-cash), $m
  6,077
  6,249
  6,444
  6,656
  6,887
  7,137
  7,405
  7,693
  8,000
  8,328
  8,676
  9,047
  9,439
  9,855
  10,295
  10,761
  11,252
  11,771
  12,318
  12,895
  13,504
  14,144
  14,819
  15,529
  16,277
  17,064
  17,891
  18,761
  19,676
  20,639
  21,650
Revenue / Adjusted assets
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
Average production assets, $m
  1,980
  2,037
  2,100
  2,169
  2,245
  2,326
  2,413
  2,507
  2,607
  2,714
  2,828
  2,948
  3,076
  3,212
  3,355
  3,507
  3,667
  3,836
  4,015
  4,203
  4,401
  4,610
  4,830
  5,061
  5,305
  5,561
  5,831
  6,115
  6,413
  6,727
  7,056
Working capital, $m
  941
  1,099
  1,133
  1,170
  1,211
  1,255
  1,302
  1,353
  1,407
  1,464
  1,526
  1,591
  1,660
  1,733
  1,810
  1,892
  1,979
  2,070
  2,166
  2,268
  2,374
  2,487
  2,606
  2,731
  2,862
  3,000
  3,146
  3,299
  3,460
  3,629
  3,807
Total debt, $m
  3,202
  3,195
  3,329
  3,475
  3,633
  3,805
  3,989
  4,187
  4,398
  4,623
  4,863
  5,117
  5,387
  5,673
  5,975
  6,295
  6,632
  6,989
  7,365
  7,761
  8,179
  8,619
  9,083
  9,571
  10,084
  10,625
  11,193
  11,791
  12,420
  13,081
  13,776
Total liabilities, $m
  4,301
  4,293
  4,427
  4,573
  4,731
  4,903
  5,087
  5,285
  5,496
  5,721
  5,961
  6,215
  6,485
  6,771
  7,073
  7,393
  7,730
  8,087
  8,463
  8,859
  9,277
  9,717
  10,181
  10,669
  11,182
  11,723
  12,291
  12,889
  13,518
  14,179
  14,874
Total equity, $m
  1,900
  1,956
  2,017
  2,083
  2,156
  2,234
  2,318
  2,408
  2,504
  2,607
  2,716
  2,832
  2,954
  3,085
  3,222
  3,368
  3,522
  3,684
  3,856
  4,036
  4,227
  4,427
  4,638
  4,861
  5,095
  5,341
  5,600
  5,872
  6,159
  6,460
  6,776
Total liabilities and equity, $m
  6,201
  6,249
  6,444
  6,656
  6,887
  7,137
  7,405
  7,693
  8,000
  8,328
  8,677
  9,047
  9,439
  9,856
  10,295
  10,761
  11,252
  11,771
  12,319
  12,895
  13,504
  14,144
  14,819
  15,530
  16,277
  17,064
  17,891
  18,761
  19,677
  20,639
  21,650
Debt-to-equity ratio
  1.685
  1.630
  1.650
  1.670
  1.690
  1.700
  1.720
  1.740
  1.760
  1.770
  1.790
  1.810
  1.820
  1.840
  1.850
  1.870
  1.880
  1.900
  1.910
  1.920
  1.940
  1.950
  1.960
  1.970
  1.980
  1.990
  2.000
  2.010
  2.020
  2.020
  2.030
Adjusted equity ratio
  0.292
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313
  0.313

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  674
  858
  887
  920
  955
  993
  1,034
  1,078
  1,125
  1,175
  1,228
  1,404
  1,464
  1,527
  1,595
  1,665
  1,740
  1,819
  1,903
  1,990
  2,083
  2,181
  2,283
  2,391
  2,505
  2,625
  2,751
  2,883
  3,022
  3,169
  3,323
Depreciation, amort., depletion, $m
  195
  271
  275
  278
  282
  287
  291
  296
  301
  307
  313
  155
  162
  169
  177
  185
  193
  202
  211
  221
  232
  243
  254
  266
  279
  293
  307
  322
  338
  354
  371
Funds from operations, $m
  1,024
  1,129
  1,162
  1,198
  1,238
  1,280
  1,325
  1,374
  1,426
  1,482
  1,541
  1,559
  1,626
  1,697
  1,771
  1,850
  1,933
  2,021
  2,114
  2,212
  2,315
  2,423
  2,537
  2,658
  2,784
  2,918
  3,058
  3,205
  3,360
  3,523
  3,694
Change in working capital, $m
  75
  31
  34
  37
  41
  44
  47
  51
  54
  58
  61
  65
  69
  73
  77
  82
  86
  91
  96
  101
  107
  113
  119
  125
  131
  138
  145
  153
  161
  169
  178
Cash from operations, $m
  949
  1,098
  1,128
  1,161
  1,197
  1,236
  1,278
  1,324
  1,372
  1,424
  1,480
  1,494
  1,557
  1,623
  1,694
  1,768
  1,847
  1,930
  2,018
  2,110
  2,208
  2,310
  2,419
  2,533
  2,653
  2,779
  2,912
  3,052
  3,199
  3,354
  3,516
Maintenance CAPEX, $m
  0
  -104
  -107
  -111
  -114
  -118
  -122
  -127
  -132
  -137
  -143
  -149
  -155
  -162
  -169
  -177
  -185
  -193
  -202
  -211
  -221
  -232
  -243
  -254
  -266
  -279
  -293
  -307
  -322
  -338
  -354
New CAPEX, $m
  -86
  -57
  -63
  -69
  -75
  -81
  -87
  -94
  -100
  -107
  -114
  -121
  -128
  -136
  -143
  -152
  -160
  -169
  -178
  -188
  -198
  -209
  -220
  -232
  -244
  -256
  -270
  -284
  -298
  -314
  -330
Cash from investing activities, $m
  141
  -161
  -170
  -180
  -189
  -199
  -209
  -221
  -232
  -244
  -257
  -270
  -283
  -298
  -312
  -329
  -345
  -362
  -380
  -399
  -419
  -441
  -463
  -486
  -510
  -535
  -563
  -591
  -620
  -652
  -684
Free cash flow, $m
  1,090
  937
  957
  981
  1,008
  1,037
  1,068
  1,103
  1,140
  1,180
  1,223
  1,225
  1,274
  1,326
  1,381
  1,440
  1,502
  1,568
  1,637
  1,711
  1,788
  1,870
  1,956
  2,047
  2,143
  2,244
  2,350
  2,461
  2,579
  2,703
  2,833
Issuance/(repayment) of debt, $m
  -796
  116
  134
  146
  159
  171
  184
  198
  211
  225
  240
  254
  270
  286
  302
  320
  338
  356
  376
  396
  418
  440
  464
  488
  514
  540
  568
  598
  629
  661
  695
Issuance/(repurchase) of shares, $m
  15
  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  
  -1,045
  116
  134
  146
  159
  171
  184
  198
  211
  225
  240
  254
  270
  286
  302
  320
  338
  356
  376
  396
  418
  440
  464
  488
  514
  540
  568
  598
  629
  661
  695
Total cash flow (excl. dividends), $m
  29
  1,053
  1,091
  1,127
  1,166
  1,208
  1,253
  1,301
  1,351
  1,405
  1,463
  1,479
  1,544
  1,612
  1,684
  1,760
  1,840
  1,924
  2,013
  2,107
  2,206
  2,310
  2,420
  2,535
  2,656
  2,784
  2,918
  3,059
  3,208
  3,364
  3,528
Retained Cash Flow (-), $m
  -376
  -56
  -61
  -67
  -72
  -78
  -84
  -90
  -96
  -103
  -109
  -116
  -123
  -130
  -138
  -146
  -154
  -162
  -171
  -181
  -190
  -201
  -211
  -222
  -234
  -246
  -259
  -272
  -286
  -301
  -317
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
 
  997
  1,030
  1,061
  1,094
  1,130
  1,169
  1,210
  1,255
  1,303
  1,354
  1,363
  1,421
  1,481
  1,546
  1,614
  1,686
  1,762
  1,842
  1,927
  2,016
  2,110
  2,209
  2,313
  2,422
  2,538
  2,659
  2,787
  2,921
  3,062
  3,211
Discount rate, %
 
  8.20
  8.61
  9.04
  9.49
  9.97
  10.47
  10.99
  11.54
  12.12
  12.72
  13.36
  14.02
  14.73
  15.46
  16.24
  17.05
  17.90
  18.79
  19.73
  20.72
  21.76
  22.84
  23.99
  25.19
  26.45
  27.77
  29.16
  30.61
  32.15
  33.75
PV of cash for distribution, $m
 
  921
  873
  818
  761
  703
  643
  583
  524
  466
  409
  343
  294
  248
  207
  169
  136
  107
  83
  63
  47
  34
  24
  16
  11
  7
  5
  3
  2
  1
  1
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

Scripps Networks Interactive, Inc. is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company's content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements. The Company's segments include U.S. Networks, International Networks, and Corporate and Other. As of December 31, 2016, the Company's U.S. Networks segment consisted of six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. The Company's International Networks includes the TVN S.A. (TVN) portfolio of networks and other lifestyle-oriented networks available in the United Kingdom, other European markets, the Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America. In addition to the broadcast networks, it also licenses a portion of its programing to other broadcasters around the world.

FINANCIAL RATIOS  of  Scripps Networks Interactive Cl A (SNI)

Valuation Ratios
P/E Ratio 17
Price to Sales 3.4
Price to Book 6
Price to Tangible Book
Price to Cash Flow 12.1
Price to Free Cash Flow 13.3
Growth Rates
Sales Growth Rate 12.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 65.4%
Cap. Spend. - 3 Yr. Gr. Rate 3.3%
Financial Strength
Quick Ratio 0
Current Ratio 0.8
LT Debt to Equity 155.4%
Total Debt to Equity 168.5%
Interest Coverage 11
Management Effectiveness
Return On Assets 11.8%
Ret/ On Assets - 3 Yr. Avg. 12.1%
Return On Total Capital 12.7%
Ret/ On T. Cap. - 3 Yr. Avg. 13.6%
Return On Equity 39.4%
Return On Equity - 3 Yr. Avg. 37.5%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 64.9%
Gross Margin - 3 Yr. Avg. 68.2%
EBITDA Margin 47.2%
EBITDA Margin - 3 Yr. Avg. 45.7%
Operating Margin 33.8%
Oper. Margin - 3 Yr. Avg. 35.9%
Pre-Tax Margin 37.6%
Pre-Tax Margin - 3 Yr. Avg. 37.8%
Net Profit Margin 19.8%
Net Profit Margin - 3 Yr. Avg. 20.1%
Effective Tax Rate 33.7%
Eff/ Tax Rate - 3 Yr. Avg. 31.2%
Payout Ratio 19.3%

SNI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SNI stock intrinsic value calculation we used $3401 million for the last fiscal year's total revenue generated by Scripps Networks Interactive Cl A. The default revenue input number comes from 2016 income statement of Scripps Networks Interactive 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 SNI stock valuation model: a) initial revenue growth rate of 2.9% 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 8.2%, whose default value for SNI is calculated based on our internal credit rating of Scripps Networks Interactive 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 Scripps Networks Interactive 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 SNI stock the variable cost ratio is equal to 63.4%.

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 SNI 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 3.6% for Scripps Networks Interactive Cl A.

Corporate tax rate of 27% is the nominal tax rate for Scripps Networks Interactive 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 SNI 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 SNI are equal to 58.2%.

Life of production assets of 19 years is the average useful life of capital assets used in Scripps Networks Interactive 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 SNI is equal to 31.4%. 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 - $1900 million for Scripps Networks Interactive 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 130.007 million for Scripps Networks Interactive 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 Scripps Networks Interactive Cl A at the current share price and the inputted number of shares is $11.5 billion.

RELATED COMPANIES Price Int.Val. Rating
FOXA 21st Century F 36.18 51.72  buy
VIAB Viacom Cl B 33.95 96.87  str.buy
AMCX AMC Networks C 52.74 36.61  sell
DISCA Discovery Comm 25.59 66.59  str.buy
QVCA Liberty Intera 26.77 8.57  str.sell
DIS Walt Disney 110.42 106.44  hold
TWX Time Warner 92.97 165.28  str.buy
MSGN MSG Networks C 21.95 2.23  str.sell

COMPANY NEWS

▶ Yahoo Finance Live: Market Movers - Dec 15th, 2017   [Dec-15-17 07:20AM  Yahoo Finance Video]
▶ Jeffrey Tambor leaves show Transparent   [Nov-20-17 12:01PM  Yahoo Finance Video]
▶ Faber Report: Malone bullish on Discovery   [Nov-17-17 09:42AM  CNBC Videos]
▶ Why millennials are obsessed with HGTV   [Nov-13-17 03:50PM  Yahoo Finance]
▶ Democrats notch a big victory against Trump   [Nov-08-17 08:47AM  Yahoo Finance]
▶ Scripps Networks Interactive Announces Quarterly Dividend   [Nov-02-17 04:05PM  GlobeNewswire]
▶ Scripps Networks beats 3Q profit forecasts   [05:50AM  Associated Press]
▶ HGTV's Chip and Joanna Gaines at the NYSE   [Oct-17-17 04:45PM  CNBC Videos]
▶ Yahoo Finance Live: Market Movers - Sep 5th, 2017   [Sep-05-17 07:20AM  Yahoo Finance Video]
▶ Scripps Networks Interactive Announces Quarterly Dividend   [Aug-16-17 04:01PM  GlobeNewswire]
▶ Could the Discovery-Scripps Partnership Revive Ad Dollars?   [Aug-09-17 05:35PM  Market Realist]
▶ Discovery and Scripps Is a Force to Be Reckoned With   [Aug-06-17 07:09PM  Motley Fool]
▶ [$$] Cable Tie-Up Unites Parents of HGTV and Animal Planet   [02:02AM  The Wall Street Journal]
▶ [$$] Cable Tie-Up Unites Parents of HGTV and Animal Planet   [08:52PM  The Wall Street Journal]
▶ Discovery's getting a lot bigger. Will it impact Silver Spring?   [05:14PM  American City Business Journals]
▶ What Happened in the Stock Market Today   [05:07PM  Motley Fool]
▶ Scripps spinoff to be acquired for $14.6 billion   [04:23PM  American City Business Journals]
▶ Cars, cameras & commerce in the blitz   [01:55PM  CNBC Videos]
Financial statements of SNI
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

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.