Intrinsic value of Sequential Brands Group - SQBG

Previous Close

$2.88

  Intrinsic Value

$1.36

stock screener

  Rating & Target

str. sell

-53%

Previous close

$2.88

 
Intrinsic value

$1.36

 
Up/down potential

-53%

 
Rating

str. sell

We calculate the intrinsic value of SQBG 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 0.2

 

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, %
  77.27
  23.50
  21.65
  19.99
  18.49
  17.14
  15.92
  14.83
  13.85
  12.96
  12.17
  11.45
  10.81
  10.22
  9.70
  9.23
  8.81
  8.43
  8.09
  7.78
  7.50
  7.25
  7.02
  6.82
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
  5.87
Revenue, $m
  156
  193
  234
  281
  333
  390
  452
  520
  592
  668
  749
  835
  926
  1,020
  1,119
  1,223
  1,330
  1,442
  1,559
  1,680
  1,806
  1,937
  2,073
  2,215
  2,362
  2,515
  2,674
  2,839
  3,012
  3,192
  3,379
Variable operating expenses, $m
 
  67
  75
  84
  93
  104
  116
  128
  142
  156
  171
  157
  174
  191
  210
  229
  249
  271
  292
  315
  339
  363
  389
  415
  443
  472
  501
  533
  565
  599
  634
Fixed operating expenses, $m
 
  27
  27
  28
  29
  29
  30
  31
  32
  32
  33
  34
  35
  36
  37
  38
  39
  40
  41
  42
  43
  44
  45
  46
  47
  48
  49
  51
  52
  53
  55
Total operating expenses, $m
  85
  94
  102
  112
  122
  133
  146
  159
  174
  188
  204
  191
  209
  227
  247
  267
  288
  311
  333
  357
  382
  407
  434
  461
  490
  520
  550
  584
  617
  652
  689
Operating income, $m
  70
  99
  132
  170
  211
  257
  307
  360
  418
  480
  545
  645
  717
  793
  873
  956
  1,042
  1,132
  1,226
  1,323
  1,425
  1,530
  1,640
  1,753
  1,872
  1,995
  2,123
  2,256
  2,395
  2,540
  2,691
EBITDA, $m
  75
  169
  211
  258
  310
  368
  430
  498
  570
  647
  729
  816
  907
  1,002
  1,102
  1,206
  1,315
  1,428
  1,545
  1,668
  1,795
  1,927
  2,064
  2,207
  2,355
  2,510
  2,670
  2,838
  3,012
  3,193
  3,383
Interest expense (income), $m
  45
  47
  64
  83
  104
  128
  154
  183
  214
  247
  282
  319
  359
  400
  444
  489
  537
  586
  638
  691
  747
  805
  865
  928
  993
  1,060
  1,130
  1,204
  1,280
  1,359
  1,441
Earnings before tax, $m
  16
  52
  69
  87
  107
  129
  152
  177
  204
  233
  263
  325
  358
  393
  429
  466
  505
  546
  588
  632
  678
  725
  774
  826
  879
  935
  992
  1,053
  1,115
  1,181
  1,249
Tax expense, $m
  9
  14
  19
  23
  29
  35
  41
  48
  55
  63
  71
  88
  97
  106
  116
  126
  136
  147
  159
  171
  183
  196
  209
  223
  237
  252
  268
  284
  301
  319
  337
Net income, $m
  -1
  38
  50
  63
  78
  94
  111
  129
  149
  170
  192
  237
  261
  287
  313
  340
  369
  399
  429
  461
  495
  529
  565
  603
  642
  682
  724
  768
  814
  862
  912

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  27
  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
  1,435
  1,736
  2,111
  2,533
  3,002
  3,516
  4,076
  4,681
  5,329
  6,020
  6,752
  7,525
  8,338
  9,191
  10,083
  11,014
  11,984
  12,994
  14,044
  15,137
  16,272
  17,451
  18,677
  19,951
  21,276
  22,654
  24,087
  25,580
  27,134
  28,753
  30,441
Adjusted assets (=assets-cash), $m
  1,408
  1,736
  2,111
  2,533
  3,002
  3,516
  4,076
  4,681
  5,329
  6,020
  6,752
  7,525
  8,338
  9,191
  10,083
  11,014
  11,984
  12,994
  14,044
  15,137
  16,272
  17,451
  18,677
  19,951
  21,276
  22,654
  24,087
  25,580
  27,134
  28,753
  30,441
Revenue / Adjusted assets
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
  0.111
Average production assets, $m
  959
  1,184
  1,440
  1,728
  2,047
  2,398
  2,780
  3,192
  3,634
  4,105
  4,605
  5,132
  5,687
  6,268
  6,876
  7,511
  8,173
  8,862
  9,578
  10,323
  11,097
  11,902
  12,738
  13,606
  14,510
  15,449
  16,427
  17,445
  18,505
  19,609
  20,760
Working capital, $m
  28
  36
  44
  52
  62
  73
  84
  97
  110
  124
  139
  155
  172
  190
  208
  227
  247
  268
  290
  313
  336
  360
  386
  412
  439
  468
  497
  528
  560
  594
  628
Total debt, $m
  645
  838
  1,090
  1,373
  1,687
  2,032
  2,408
  2,814
  3,249
  3,712
  4,204
  4,722
  5,268
  5,840
  6,439
  7,063
  7,714
  8,392
  9,097
  9,830
  10,591
  11,383
  12,205
  13,060
  13,949
  14,874
  15,836
  16,837
  17,880
  18,966
  20,099
Total liabilities, $m
  972
  1,165
  1,417
  1,700
  2,014
  2,359
  2,735
  3,141
  3,576
  4,039
  4,531
  5,049
  5,595
  6,167
  6,766
  7,390
  8,041
  8,719
  9,424
  10,157
  10,918
  11,710
  12,532
  13,387
  14,276
  15,201
  16,163
  17,164
  18,207
  19,293
  20,426
Total equity, $m
  463
  571
  695
  833
  988
  1,157
  1,341
  1,540
  1,753
  1,980
  2,221
  2,476
  2,743
  3,024
  3,317
  3,623
  3,943
  4,275
  4,621
  4,980
  5,353
  5,741
  6,145
  6,564
  7,000
  7,453
  7,925
  8,416
  8,927
  9,460
  10,015
Total liabilities and equity, $m
  1,435
  1,736
  2,112
  2,533
  3,002
  3,516
  4,076
  4,681
  5,329
  6,019
  6,752
  7,525
  8,338
  9,191
  10,083
  11,013
  11,984
  12,994
  14,045
  15,137
  16,271
  17,451
  18,677
  19,951
  21,276
  22,654
  24,088
  25,580
  27,134
  28,753
  30,441
Debt-to-equity ratio
  1.393
  1.470
  1.570
  1.650
  1.710
  1.760
  1.800
  1.830
  1.850
  1.870
  1.890
  1.910
  1.920
  1.930
  1.940
  1.950
  1.960
  1.960
  1.970
  1.970
  1.980
  1.980
  1.990
  1.990
  1.990
  2.000
  2.000
  2.000
  2.000
  2.000
  2.010
Adjusted equity ratio
  0.310
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329
  0.329

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -1
  38
  50
  63
  78
  94
  111
  129
  149
  170
  192
  237
  261
  287
  313
  340
  369
  399
  429
  461
  495
  529
  565
  603
  642
  682
  724
  768
  814
  862
  912
Depreciation, amort., depletion, $m
  5
  70
  79
  88
  99
  111
  123
  137
  152
  168
  184
  171
  190
  209
  229
  250
  272
  295
  319
  344
  370
  397
  425
  454
  484
  515
  548
  581
  617
  654
  692
Funds from operations, $m
  51
  108
  129
  152
  177
  205
  235
  267
  301
  338
  376
  408
  451
  496
  542
  591
  641
  694
  749
  806
  865
  926
  990
  1,056
  1,125
  1,197
  1,272
  1,350
  1,431
  1,516
  1,604
Change in working capital, $m
  8
  7
  8
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  18
  19
  20
  21
  22
  23
  23
  24
  25
  26
  27
  28
  30
  31
  32
  33
  35
Cash from operations, $m
  43
  101
  121
  143
  167
  194
  223
  254
  288
  323
  361
  392
  434
  478
  524
  572
  621
  673
  727
  783
  841
  902
  965
  1,030
  1,098
  1,169
  1,242
  1,319
  1,399
  1,482
  1,569
Maintenance CAPEX, $m
  0
  -32
  -39
  -48
  -58
  -68
  -80
  -93
  -106
  -121
  -137
  -153
  -171
  -190
  -209
  -229
  -250
  -272
  -295
  -319
  -344
  -370
  -397
  -425
  -454
  -484
  -515
  -548
  -581
  -617
  -654
New CAPEX, $m
  -4
  -225
  -256
  -288
  -319
  -351
  -382
  -412
  -442
  -471
  -500
  -527
  -555
  -581
  -608
  -635
  -662
  -689
  -716
  -745
  -774
  -804
  -836
  -869
  -903
  -940
  -978
  -1,018
  -1,060
  -1,104
  -1,151
Cash from investing activities, $m
  -153
  -257
  -295
  -336
  -377
  -419
  -462
  -505
  -548
  -592
  -637
  -680
  -726
  -771
  -817
  -864
  -912
  -961
  -1,011
  -1,064
  -1,118
  -1,174
  -1,233
  -1,294
  -1,357
  -1,424
  -1,493
  -1,566
  -1,641
  -1,721
  -1,805
Free cash flow, $m
  -110
  -156
  -175
  -193
  -210
  -225
  -239
  -251
  -261
  -269
  -275
  -288
  -291
  -293
  -293
  -293
  -291
  -288
  -285
  -281
  -277
  -273
  -268
  -263
  -259
  -254
  -250
  -246
  -242
  -239
  -236
Issuance/(repayment) of debt, $m
  113
  220
  252
  283
  314
  345
  376
  406
  435
  464
  491
  519
  546
  572
  598
  625
  651
  678
  705
  733
  762
  791
  823
  855
  889
  924
  962
  1,001
  1,043
  1,087
  1,133
Issuance/(repurchase) of shares, $m
  -1
  70
  74
  75
  76
  75
  73
  69
  64
  57
  49
  17
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  87
  290
  326
  358
  390
  420
  449
  475
  499
  521
  540
  536
  552
  572
  598
  625
  651
  678
  705
  733
  762
  791
  823
  855
  889
  924
  962
  1,001
  1,043
  1,087
  1,133
Total cash flow (excl. dividends), $m
  -22
  134
  151
  166
  181
  195
  210
  224
  238
  252
  265
  247
  260
  279
  305
  332
  360
  390
  420
  452
  485
  519
  554
  591
  630
  670
  712
  755
  800
  848
  897
Retained Cash Flow (-), $m
  -12
  -108
  -124
  -139
  -154
  -169
  -184
  -199
  -213
  -227
  -241
  -254
  -268
  -281
  -293
  -306
  -319
  -332
  -346
  -359
  -373
  -388
  -403
  -419
  -436
  -453
  -472
  -491
  -511
  -533
  -555
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
 
  26
  27
  27
  27
  26
  26
  25
  25
  25
  24
  -7
  -7
  -1
  12
  26
  41
  57
  74
  92
  111
  131
  151
  172
  194
  217
  240
  264
  289
  315
  341
Discount rate, %
 
  9.80
  10.29
  10.80
  11.34
  11.91
  12.51
  13.13
  13.79
  14.48
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.67
  30.10
  31.61
  33.19
  34.85
  36.59
  38.42
  40.34
PV of cash for distribution, $m
 
  24
  23
  20
  17
  15
  13
  11
  9
  7
  6
  -1
  -1
  0
  1
  2
  2
  2
  2
  2
  1
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  82.2
  69.5
  60.1
  53.2
  48.0
  44.0
  41.0
  38.7
  36.9
  35.7
  35.3
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2
  35.2

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company's portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe's Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company's brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Company licenses brands to both wholesale and direct-to-retail licensees. The Company licenses the Martha Stewart brand to various licensees, including retailers, such as Macy's, The Home Depot, PetSmart and Staples. The Jessica Simpson Collection is a signature lifestyle concept designed in collaboration with Jessica Simpson, which offers various product categories, including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls clothing and a home line. The Avia brand offers running and activewear products.

FINANCIAL RATIOS  of  Sequential Brands Group (SQBG)

Valuation Ratios
P/E Ratio -180
Price to Sales 1.2
Price to Book 0.4
Price to Tangible Book
Price to Cash Flow 4.2
Price to Free Cash Flow 4.6
Growth Rates
Sales Growth Rate 77.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 100%
Cap. Spend. - 3 Yr. Gr. Rate 32%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 133.3%
Total Debt to Equity 139.3%
Interest Coverage 1
Management Effectiveness
Return On Assets 1.4%
Ret/ On Assets - 3 Yr. Avg. 1.3%
Return On Total Capital -0.1%
Ret/ On T. Cap. - 3 Yr. Avg. -0.3%
Return On Equity -0.2%
Return On Equity - 3 Yr. Avg. -0.6%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 42.3%
EBITDA Margin - 3 Yr. Avg. 30.4%
Operating Margin 45.5%
Oper. Margin - 3 Yr. Avg. 35.7%
Pre-Tax Margin 10.3%
Pre-Tax Margin - 3 Yr. Avg. 5.4%
Net Profit Margin -0.6%
Net Profit Margin - 3 Yr. Avg. -2.1%
Effective Tax Rate 56.3%
Eff/ Tax Rate - 3 Yr. Avg. 35.4%
Payout Ratio 0%

SQBG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SQBG stock intrinsic value calculation we used $156 million for the last fiscal year's total revenue generated by Sequential Brands Group. The default revenue input number comes from 2016 income statement of Sequential Brands Group. 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 SQBG stock valuation model: a) initial revenue growth rate of 23.5% 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 9.8%, whose default value for SQBG is calculated based on our internal credit rating of Sequential Brands Group, 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 Sequential Brands Group.
    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 SQBG stock the variable cost ratio is equal to 38.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $26 million in the base year in the intrinsic value calculation for SQBG 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 7.6% for Sequential Brands Group.

Corporate tax rate of 27% is the nominal tax rate for Sequential Brands Group. 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 SQBG 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 SQBG are equal to 614.4%.

Life of production assets of 253.9 years is the average useful life of capital assets used in Sequential Brands Group 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 SQBG is equal to 18.6%. 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 - $463 million for Sequential Brands Group - 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 63.108 million for Sequential Brands Group 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 Sequential Brands Group at the current share price and the inputted number of shares is $0.2 billion.

RELATED COMPANIES Price Int.Val. Rating
GIII G-III Apparel 26.16 11.70  str.sell
PVH PVH Corp. 128.31 142.05  hold
ICON Iconix Brand G 5.12 0.89  str.sell
DEST Destination Ma 2.49 1.09  str.sell
RL Ralph Lauren C 90.37 31.31  str.sell
VRA Vera Bradley 7.67 12.77  str.buy
CHS Chico's Fa 7.90 1.00  str.sell

COMPANY NEWS

▶ Martha Stewart and Marley Spoon unveil Dinnerly offering   [Sep-19-17 02:20PM  American City Business Journals]
▶ Live Beautifully With QVC and Martha Stewart   [Sep-06-17 09:00AM  PR Newswire]
▶ Judge tosses shareholder lawsuit against Martha Stewart   [Aug-18-17 03:10PM  Associated Press]
▶ Sequential Brands posts 2Q profit   [Jul-27-17 03:51PM  Associated Press]
▶ Martha Stewart brand exclusives expanding at Staples   [Jul-11-17 08:51AM  MarketWatch]
▶ Top Ranked Value Stocks to Buy for July 5th   [Jul-05-17 09:07AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for May 25th   [May-25-17 10:28AM  Zacks]
▶ Top Ranked Value Stocks to Buy for May 23rd   [May-23-17 10:13AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for May 17th   [May-17-17 10:28AM  Zacks]
▶ HelloFresh launches wine subscription service   [May-09-17 11:30AM  MarketWatch]
▶ Martha Stewart lends her name to skincare and apparel with new deal   [May-04-17 02:20PM  American City Business Journals]
▶ Sequential Brands reports 1Q loss   [08:46AM  Associated Press]
▶ Martha Stewart heading to QVC   [08:37AM  MarketWatch]
▶ Martha Stewart launching online wine shop   [Apr-05-17 10:01AM  MarketWatch]
▶ Sequential Brands bringing three active brands to Brazil   [Mar-08-17 08:45AM  MarketWatch]
▶ Sequential Brands Group to Present at ICR Conference   [Jan-03-17 08:30AM  GlobeNewswire]
▶ Is Sequential Brands Group Inc (SQBG) A Good Stock To Buy?   [Dec-12-16 09:23AM  at Insider Monkey]
▶ Martha Stewart Premieres First-Ever Fragrance Line   [Nov-14-16 09:39AM  GlobeNewswire]
▶ Why Shares of Sequential Brands Tumbled Today   [Nov-03-16 12:16PM  at Motley Fool]
Financial statements of SQBG
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.