Intrinsic value of Synacor - SYNC

Previous Close

$2.45

  Intrinsic Value

$0.20

stock screener

  Rating & Target

str. sell

-92%

  Value-price divergence*

+5000%

Previous close

$2.45

 
Intrinsic value

$0.20

 
Up/down potential

-92%

 
Rating

str. sell

 
Value-price divergence*

+5000%

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

We calculate the intrinsic value of SYNC 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 0.1

 

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, %
  15.45
  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
  127
  130
  133
  136
  140
  144
  149
  154
  159
  165
  171
  178
  185
  193
  201
  210
  219
  229
  239
  250
  262
  274
  287
  300
  314
  329
  345
  361
  379
  397
  417
Variable operating expenses, $m
 
  133
  136
  139
  143
  147
  152
  157
  163
  169
  175
  180
  188
  195
  204
  212
  222
  232
  242
  253
  265
  277
  290
  303
  318
  333
  349
  366
  383
  402
  421
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
  137
  133
  136
  139
  143
  147
  152
  157
  163
  169
  175
  180
  188
  195
  204
  212
  222
  232
  242
  253
  265
  277
  290
  303
  318
  333
  349
  366
  383
  402
  421
Operating income, $m
  -9
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
EBITDA, $m
  0
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  4
  5
  5
Interest expense (income), $m
  0
  0
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  4
  4
  4
Earnings before tax, $m
  -10
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
Tax expense, $m
  1
  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
Net income, $m
  -11
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  14
  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
  93
  81
  82
  85
  87
  90
  92
  96
  99
  103
  107
  111
  115
  120
  125
  131
  136
  142
  149
  156
  163
  170
  178
  187
  195
  205
  215
  225
  236
  247
  259
Adjusted assets (=assets-cash), $m
  79
  81
  82
  85
  87
  90
  92
  96
  99
  103
  107
  111
  115
  120
  125
  131
  136
  142
  149
  156
  163
  170
  178
  187
  195
  205
  215
  225
  236
  247
  259
Revenue / Adjusted assets
  1.608
  1.605
  1.622
  1.600
  1.609
  1.600
  1.620
  1.604
  1.606
  1.602
  1.598
  1.604
  1.609
  1.608
  1.608
  1.603
  1.610
  1.613
  1.604
  1.603
  1.607
  1.612
  1.612
  1.604
  1.610
  1.605
  1.605
  1.604
  1.606
  1.607
  1.610
Average production assets, $m
  30
  30
  31
  32
  32
  33
  34
  36
  37
  38
  40
  41
  43
  45
  47
  49
  51
  53
  56
  58
  61
  64
  66
  70
  73
  76
  80
  84
  88
  92
  97
Working capital, $m
  3
  -10
  -10
  -11
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -33
Total debt, $m
  7
  7
  8
  10
  11
  13
  15
  17
  19
  22
  24
  27
  30
  33
  36
  40
  44
  48
  52
  56
  61
  66
  71
  77
  83
  89
  95
  102
  109
  117
  124
Total liabilities, $m
  54
  53
  54
  56
  57
  59
  61
  63
  65
  68
  70
  73
  76
  79
  82
  86
  90
  94
  98
  102
  107
  112
  117
  123
  129
  135
  141
  148
  155
  163
  170
Total equity, $m
  40
  28
  28
  29
  30
  31
  32
  33
  34
  35
  36
  38
  39
  41
  43
  45
  47
  49
  51
  53
  56
  58
  61
  64
  67
  70
  73
  77
  81
  84
  89
Total liabilities and equity, $m
  94
  81
  82
  85
  87
  90
  93
  96
  99
  103
  106
  111
  115
  120
  125
  131
  137
  143
  149
  155
  163
  170
  178
  187
  196
  205
  214
  225
  236
  247
  259
Debt-to-equity ratio
  0.175
  0.250
  0.290
  0.330
  0.380
  0.420
  0.470
  0.520
  0.570
  0.610
  0.660
  0.710
  0.760
  0.800
  0.850
  0.890
  0.940
  0.980
  1.020
  1.060
  1.100
  1.130
  1.170
  1.200
  1.240
  1.270
  1.300
  1.330
  1.350
  1.380
  1.400
Adjusted equity ratio
  0.329
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342
  0.342

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -11
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
Depreciation, amort., depletion, $m
  9
  5
  5
  5
  5
  5
  5
  5
  5
  5
  6
  4
  4
  4
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
Funds from operations, $m
  15
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
  1
Change in working capital, $m
  7
  0
  0
  0
  0
  0
  0
  0
  0
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
Cash from operations, $m
  8
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
Maintenance CAPEX, $m
  0
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
New CAPEX, $m
  -6
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
Cash from investing activities, $m
  -8
  -4
  -4
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -9
  -9
  -9
  -9
  -10
  -10
  -10
  -12
  -12
  -12
  -13
  -13
Free cash flow, $m
  0
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
Issuance/(repayment) of debt, $m
  -2
  1
  1
  1
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  6
  6
  6
  6
  7
  7
  8
  8
Issuance/(repurchase) of shares, $m
  1
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  4
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
  10
  11
  12
  12
  13
Cash from financing (excl. dividends), $m  
  -1
  5
  5
  5
  6
  7
  7
  7
  7
  7
  9
  7
  8
  8
  8
  10
  10
  10
  11
  11
  12
  13
  13
  15
  15
  16
  16
  18
  19
  20
  21
Total cash flow (excl. dividends), $m
  -1
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  3
  4
  4
  4
  4
  5
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  9
Retained Cash Flow (-), $m
  6
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -5
  -6
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
Prev. year cash balance distribution, $m
 
  13
  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
 
  12
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  12
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  92.7
  85.9
  79.4
  73.3
  67.6
  62.3
  57.3
  52.7
  48.5
  44.5
  41.8
  39.1
  36.6
  34.3
  32.0
  29.8
  27.8
  25.8
  24.0
  22.3
  20.7
  19.2
  17.8
  16.5
  15.2
  14.1
  13.0
  12.0
  11.1
  10.2

Synacor, Inc. operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers and enterprises. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation. The company, through its managed portals and advertising solutions, enable its customers to earn revenue by monetizing media among their consumers. It also offers recurring and fee-based revenue solutions, including End-to-End Advanced Video Services that enable customers to provide their consumers with TV everywhere and multiscreen over the top services; Cloud ID Authentication that offer home-based auto-authentication and social login, which enhances the consumer experience by reducing login failures; Search & Discovery Metadata Platform, which helps consumers find their desired content; and Email/Collaboration Services that include white-label hosting, security, and migration. The company was formerly known as CKMP, Inc. and changed its name to Synacor, Inc. in July 2001. Synacor, Inc. was founded in 1998 and is headquartered in Buffalo, New York.

FINANCIAL RATIOS  of  Synacor (SYNC)

Valuation Ratios
P/E Ratio -6.9
Price to Sales 0.6
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 9.5
Price to Free Cash Flow 37.8
Growth Rates
Sales Growth Rate 15.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 100%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 14
Current Ratio 0
LT Debt to Equity 15%
Total Debt to Equity 17.5%
Interest Coverage 0
Management Effectiveness
Return On Assets -12.1%
Ret/ On Assets - 3 Yr. Avg. -11.5%
Return On Total Capital -21.8%
Ret/ On T. Cap. - 3 Yr. Avg. -17.9%
Return On Equity -25.6%
Return On Equity - 3 Yr. Avg. -20%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 53.5%
Gross Margin - 3 Yr. Avg. 50.1%
EBITDA Margin -0.8%
EBITDA Margin - 3 Yr. Avg. 0.3%
Operating Margin -7.9%
Oper. Margin - 3 Yr. Avg. -5.4%
Pre-Tax Margin -7.9%
Pre-Tax Margin - 3 Yr. Avg. -5.7%
Net Profit Margin -8.7%
Net Profit Margin - 3 Yr. Avg. -7.8%
Effective Tax Rate -10%
Eff/ Tax Rate - 3 Yr. Avg. -27.1%
Payout Ratio 0%

SYNC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SYNC stock intrinsic value calculation we used $127 million for the last fiscal year's total revenue generated by Synacor. The default revenue input number comes from 2016 income statement of Synacor. 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 SYNC 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 4.3%, whose default value for SYNC is calculated based on our internal credit rating of Synacor, 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 Synacor.
    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 SYNC stock the variable cost ratio is equal to 102.4%.

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 SYNC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Synacor.

Corporate tax rate of 27% is the nominal tax rate for Synacor. 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 SYNC 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 SYNC are equal to 23.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Synacor 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 SYNC is equal to -7.9%. 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 - $40 million for Synacor - 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 29.57 million for Synacor 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 Synacor at the current share price and the inputted number of shares is $0.1 billion.

RELATED COMPANIES Price Int.Val. Rating
VZ Verizon Commun 48.48 42.08  hold
GOOGL Alphabet Cl A 938.08 981.76  hold
GDDY GoDaddy Cl A 41.69 72.54  str.buy
YHOO Yahoo! 52.58 8.04  str.sell
AMZN Amazon.com 982.74 870.28  hold
TDS Telephone&Data 28.72 19.95  sell
MSFT Microsoft 73.22 47.21  sell
SYMC Symantec 28.41 36.33  hold

COMPANY NEWS

▶ GCI Taps Synacor for Hosted Email and TV Authentication   [Aug-10-17 08:30AM  Business Wire]
▶ ETFs with exposure to Synacor, Inc. : July 13, 2017   [Jul-13-17 04:41PM  Capital Cube]
▶ ETFs with exposure to Synacor, Inc. : June 26, 2017   [Jun-26-17 05:00PM  Capital Cube]
▶ ETFs with exposure to Synacor, Inc. : June 16, 2017   [Jun-16-17 04:21PM  Capital Cube]
▶ Synacor to Present at the 7th Annual LD Micro Invitational   [May-30-17 04:05PM  Business Wire]
▶ Waymo's Case Against Uber Headed to Trial   [May-12-17 01:04PM  Zacks]
▶ Canaccord Sees 125% Upside For Synacor Shares   [Apr-18-17 03:17PM  Benzinga]
▶ Synacor Prices Public Offering of Common Stock   [Apr-06-17 09:01AM  Business Wire]
▶ Synacor Announces Proposed Public Offering of Common Stock   [Apr-05-17 04:21PM  Business Wire]
▶ ETFs with exposure to Synacor, Inc. : March 30, 2017   [Mar-29-17 08:36PM  Capital Cube]
▶ Windstream Taps Synacor to Power Hosted Email Offering   [Mar-20-17 07:52PM  Business Wire]
▶ ETFs with exposure to Synacor, Inc. : January 12, 2017   [Jan-12-17 02:31PM  Capital Cube]
▶ Synacor to Present at 19th Annual Needham Growth Conference   [Jan-03-17 04:12PM  Business Wire]
▶ Should You Avoid Aeglea Bio Therapeutics Inc (AGLE)?   [Dec-15-16 10:21AM  Insider Monkey]
▶ Synacor to Present at the 9th Annual LD Micro Main Event   [Dec-01-16 03:59PM  Business Wire]
▶ Synacor Files Shelf Registration on Form S-3   [05:00PM  Business Wire]
▶ Synacor to Present at LD Micro Invitational Conference   [Jun-02-16 08:30AM  GlobeNewswire]
▶ What AT&T Could Have Done With Synacor   [02:31PM  at The Wall Street Journal]
▶ AT&T ending 15-year deal that will cost Yahoo $100 million in lost revenue   [11:15AM  at American City Business Journals]
▶ Why the AT&T Contract Is So Good for Synacor   [09:10AM  at 24/7 Wall St.]
▶ Synacor Soars After Swiping AT&T Contract from Yahoo   [08:45AM  at The Wall Street Journal]
▶ Big deal: Synacor scores contract to host AT&T web and mobile portals   [06:23AM  at American City Business Journals]
Stock chart of SYNC Financial statements of SYNC
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.