Intrinsic value of Synalloy - SYNL

Previous Close

$14.77

  Intrinsic Value

$2.52

stock screener

  Rating & Target

str. sell

-83%

Previous close

$14.77

 
Intrinsic value

$2.52

 
Up/down potential

-83%

 
Rating

str. sell

We calculate the intrinsic value of SYNL 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, %
  -20.57
  48.60
  44.24
  40.32
  36.78
  33.61
  30.75
  28.17
  25.85
  23.77
  21.89
  20.20
  18.68
  17.31
  16.08
  14.97
  13.98
  13.08
  12.27
  11.54
  10.89
  10.30
  9.77
  9.29
  8.86
  8.48
  8.13
  7.82
  7.54
  7.28
  7.05
Revenue, $m
  139
  207
  298
  418
  572
  764
  999
  1,280
  1,611
  1,994
  2,431
  2,922
  3,468
  4,068
  4,722
  5,430
  6,189
  6,998
  7,857
  8,764
  9,718
  10,719
  11,766
  12,860
  14,000
  15,187
  16,421
  17,705
  19,039
  20,425
  21,866
Variable operating expenses, $m
 
  212
  306
  430
  588
  786
  1,027
  1,317
  1,657
  2,051
  2,500
  3,005
  3,566
  4,183
  4,856
  5,583
  6,364
  7,196
  8,079
  9,011
  9,993
  11,022
  12,099
  13,223
  14,396
  15,616
  16,886
  18,206
  19,578
  21,003
  22,485
Fixed operating expenses, $m
 
  4
  4
  4
  4
  5
  5
  5
  5
  5
  5
  5
  5
  6
  6
  6
  6
  6
  6
  6
  7
  7
  7
  7
  7
  7
  8
  8
  8
  8
  8
Total operating expenses, $m
  147
  216
  310
  434
  592
  791
  1,032
  1,322
  1,662
  2,056
  2,505
  3,010
  3,571
  4,189
  4,862
  5,589
  6,370
  7,202
  8,085
  9,017
  10,000
  11,029
  12,106
  13,230
  14,403
  15,623
  16,894
  18,214
  19,586
  21,011
  22,493
Operating income, $m
  -8
  -10
  -13
  -16
  -21
  -26
  -33
  -41
  -51
  -61
  -74
  -88
  -103
  -121
  -139
  -159
  -181
  -204
  -228
  -254
  -281
  -310
  -340
  -371
  -403
  -437
  -472
  -508
  -546
  -586
  -627
EBITDA, $m
  -2
  -2
  -1
  0
  2
  4
  7
  10
  13
  18
  22
  28
  34
  41
  48
  56
  64
  73
  83
  93
  103
  115
  126
  139
  151
  164
  178
  193
  208
  223
  239
Interest expense (income), $m
  1
  0
  2
  4
  6
  9
  13
  17
  23
  29
  37
  45
  55
  65
  77
  90
  103
  118
  134
  151
  168
  187
  206
  227
  248
  270
  293
  317
  342
  368
  395
Earnings before tax, $m
  -9
  -11
  -15
  -20
  -27
  -35
  -46
  -58
  -73
  -91
  -111
  -133
  -158
  -186
  -216
  -249
  -284
  -322
  -362
  -405
  -450
  -497
  -546
  -597
  -651
  -707
  -765
  -826
  -888
  -954
  -1,022
Tax expense, $m
  -2
  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
  -7
  -11
  -15
  -20
  -27
  -35
  -46
  -58
  -73
  -91
  -111
  -133
  -158
  -186
  -216
  -249
  -284
  -322
  -362
  -405
  -450
  -497
  -546
  -597
  -651
  -707
  -765
  -826
  -888
  -954
  -1,022

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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
  0
Total assets, $m
  139
  207
  298
  418
  572
  764
  999
  1,280
  1,611
  1,994
  2,431
  2,922
  3,468
  4,068
  4,722
  5,430
  6,189
  6,998
  7,857
  8,764
  9,718
  10,719
  11,766
  12,860
  14,000
  15,187
  16,421
  17,705
  19,039
  20,425
  21,866
Adjusted assets (=assets-cash), $m
  139
  207
  298
  418
  572
  764
  999
  1,280
  1,611
  1,994
  2,431
  2,922
  3,468
  4,068
  4,722
  5,430
  6,189
  6,998
  7,857
  8,764
  9,718
  10,719
  11,766
  12,860
  14,000
  15,187
  16,421
  17,705
  19,039
  20,425
  21,866
Revenue / Adjusted assets
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
Average production assets, $m
  28
  41
  59
  83
  113
  151
  198
  253
  319
  395
  481
  579
  687
  806
  935
  1,075
  1,225
  1,386
  1,556
  1,735
  1,924
  2,122
  2,330
  2,546
  2,772
  3,007
  3,251
  3,506
  3,770
  4,044
  4,330
Working capital, $m
  65
  97
  139
  196
  268
  358
  467
  599
  754
  933
  1,138
  1,367
  1,623
  1,904
  2,210
  2,541
  2,896
  3,275
  3,677
  4,101
  4,548
  5,016
  5,507
  6,018
  6,552
  7,107
  7,685
  8,286
  8,910
  9,559
  10,233
Total debt, $m
  9
  33
  66
  109
  165
  234
  319
  420
  539
  677
  834
  1,011
  1,207
  1,424
  1,659
  1,914
  2,187
  2,478
  2,787
  3,114
  3,457
  3,818
  4,195
  4,589
  4,999
  5,426
  5,871
  6,333
  6,813
  7,312
  7,831
Total liabilities, $m
  50
  74
  107
  150
  206
  275
  360
  461
  580
  718
  875
  1,052
  1,248
  1,465
  1,700
  1,955
  2,228
  2,519
  2,828
  3,155
  3,498
  3,859
  4,236
  4,630
  5,040
  5,467
  5,912
  6,374
  6,854
  7,353
  7,872
Total equity, $m
  89
  132
  191
  268
  366
  489
  639
  819
  1,031
  1,276
  1,556
  1,870
  2,219
  2,604
  3,022
  3,475
  3,961
  4,479
  5,028
  5,609
  6,219
  6,860
  7,530
  8,230
  8,960
  9,719
  10,510
  11,331
  12,185
  13,072
  13,994
Total liabilities and equity, $m
  139
  206
  298
  418
  572
  764
  999
  1,280
  1,611
  1,994
  2,431
  2,922
  3,467
  4,069
  4,722
  5,430
  6,189
  6,998
  7,856
  8,764
  9,717
  10,719
  11,766
  12,860
  14,000
  15,186
  16,422
  17,705
  19,039
  20,425
  21,866
Debt-to-equity ratio
  0.101
  0.250
  0.350
  0.410
  0.450
  0.480
  0.500
  0.510
  0.520
  0.530
  0.540
  0.540
  0.540
  0.550
  0.550
  0.550
  0.550
  0.550
  0.550
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
Adjusted equity ratio
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -7
  -11
  -15
  -20
  -27
  -35
  -46
  -58
  -73
  -91
  -111
  -133
  -158
  -186
  -216
  -249
  -284
  -322
  -362
  -405
  -450
  -497
  -546
  -597
  -651
  -707
  -765
  -826
  -888
  -954
  -1,022
Depreciation, amort., depletion, $m
  6
  8
  12
  17
  23
  30
  40
  51
  64
  79
  96
  116
  137
  161
  187
  215
  245
  277
  311
  347
  385
  424
  466
  509
  554
  601
  650
  701
  754
  809
  866
Funds from operations, $m
  4
  -2
  -3
  -3
  -4
  -5
  -6
  -7
  -9
  -12
  -14
  -17
  -21
  -25
  -29
  -34
  -39
  -45
  -51
  -58
  -65
  -72
  -80
  -88
  -97
  -105
  -115
  -124
  -134
  -145
  -156
Change in working capital, $m
  3
  32
  43
  56
  72
  90
  110
  132
  155
  179
  204
  230
  255
  281
  306
  331
  355
  379
  402
  424
  447
  468
  490
  512
  533
  555
  578
  601
  624
  649
  674
Cash from operations, $m
  1
  -34
  -45
  -59
  -76
  -95
  -116
  -139
  -164
  -191
  -218
  -247
  -276
  -306
  -335
  -365
  -394
  -424
  -453
  -482
  -511
  -541
  -570
  -600
  -630
  -661
  -693
  -725
  -759
  -794
  -830
Maintenance CAPEX, $m
  0
  -6
  -8
  -12
  -17
  -23
  -30
  -40
  -51
  -64
  -79
  -96
  -116
  -137
  -161
  -187
  -215
  -245
  -277
  -311
  -347
  -385
  -424
  -466
  -509
  -554
  -601
  -650
  -701
  -754
  -809
New CAPEX, $m
  -3
  -13
  -18
  -24
  -30
  -38
  -47
  -56
  -66
  -76
  -86
  -97
  -108
  -119
  -130
  -140
  -150
  -160
  -170
  -180
  -189
  -198
  -207
  -217
  -226
  -235
  -244
  -254
  -264
  -275
  -285
Cash from investing activities, $m
  18
  -19
  -26
  -36
  -47
  -61
  -77
  -96
  -117
  -140
  -165
  -193
  -224
  -256
  -291
  -327
  -365
  -405
  -447
  -491
  -536
  -583
  -631
  -683
  -735
  -789
  -845
  -904
  -965
  -1,029
  -1,094
Free cash flow, $m
  19
  -53
  -72
  -95
  -123
  -155
  -193
  -234
  -280
  -330
  -384
  -441
  -500
  -562
  -626
  -692
  -760
  -829
  -900
  -973
  -1,047
  -1,124
  -1,202
  -1,282
  -1,365
  -1,450
  -1,538
  -1,630
  -1,724
  -1,822
  -1,924
Issuance/(repayment) of debt, $m
  -19
  24
  33
  43
  55
  69
  85
  101
  119
  138
  157
  177
  197
  216
  236
  255
  273
  291
  309
  327
  344
  360
  377
  394
  410
  427
  444
  462
  480
  499
  519
Issuance/(repurchase) of shares, $m
  0
  54
  73
  97
  125
  158
  196
  238
  285
  336
  390
  447
  507
  570
  635
  702
  770
  840
  912
  985
  1,060
  1,137
  1,216
  1,297
  1,380
  1,466
  1,555
  1,647
  1,742
  1,841
  1,944
Cash from financing (excl. dividends), $m  
  -19
  78
  106
  140
  180
  227
  281
  339
  404
  474
  547
  624
  704
  786
  871
  957
  1,043
  1,131
  1,221
  1,312
  1,404
  1,497
  1,593
  1,691
  1,790
  1,893
  1,999
  2,109
  2,222
  2,340
  2,463
Total cash flow (excl. dividends), $m
  0
  25
  34
  45
  58
  72
  88
  105
  124
  143
  163
  183
  204
  224
  244
  264
  284
  302
  321
  339
  357
  374
  391
  409
  426
  443
  461
  480
  498
  518
  538
Retained Cash Flow (-), $m
  6
  -54
  -73
  -97
  -125
  -158
  -196
  -238
  -285
  -336
  -390
  -447
  -507
  -570
  -635
  -702
  -770
  -840
  -912
  -985
  -1,060
  -1,137
  -1,216
  -1,297
  -1,380
  -1,466
  -1,555
  -1,647
  -1,742
  -1,841
  -1,944
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
 
  -28
  -39
  -52
  -67
  -86
  -108
  -133
  -161
  -193
  -227
  -264
  -303
  -346
  -390
  -437
  -486
  -538
  -591
  -646
  -704
  -763
  -825
  -889
  -955
  -1,023
  -1,094
  -1,167
  -1,244
  -1,323
  -1,405
Discount rate, %
 
  6.50
  6.83
  7.17
  7.52
  7.90
  8.30
  8.71
  9.15
  9.60
  10.08
  10.59
  11.12
  11.67
  12.26
  12.87
  13.51
  14.19
  14.90
  15.64
  16.43
  17.25
  18.11
  19.01
  19.96
  20.96
  22.01
  23.11
  24.27
  25.48
  26.75
PV of cash for distribution, $m
 
  -27
  -34
  -42
  -50
  -59
  -67
  -74
  -80
  -84
  -87
  -87
  -86
  -82
  -77
  -71
  -64
  -56
  -49
  -41
  -34
  -27
  -21
  -16
  -12
  -9
  -6
  -4
  -3
  -2
  -1
Current shareholders' claim on cash, %
  100
  70.6
  51.1
  37.8
  28.6
  22.0
  17.2
  13.7
  11.0
  9.0
  7.4
  6.2
  5.2
  4.4
  3.8
  3.3
  2.8
  2.5
  2.2
  1.9
  1.7
  1.5
  1.3
  1.2
  1.1
  1.0
  0.9
  0.8
  0.7
  0.6
  0.6

Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company's Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company's Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company's Specialty Chemicals segment consists of the Company's subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.

FINANCIAL RATIOS  of  Synalloy (SYNL)

Valuation Ratios
P/E Ratio -18.3
Price to Sales 0.9
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 128.1
Price to Free Cash Flow -64
Growth Rates
Sales Growth Rate -20.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -72.7%
Cap. Spend. - 3 Yr. Gr. Rate -12.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0.3
LT Debt to Equity 10.1%
Total Debt to Equity 10.1%
Interest Coverage -8
Management Effectiveness
Return On Assets -4.3%
Ret/ On Assets - 3 Yr. Avg. -2.5%
Return On Total Capital -6.3%
Ret/ On T. Cap. - 3 Yr. Avg. -3.9%
Return On Equity -7.6%
Return On Equity - 3 Yr. Avg. -4.9%
Asset Turnover 1
Profitability Ratios
Gross Margin 12.2%
Gross Margin - 3 Yr. Avg. 14.3%
EBITDA Margin -1.4%
EBITDA Margin - 3 Yr. Avg. 3.3%
Operating Margin -5.8%
Oper. Margin - 3 Yr. Avg. -0.3%
Pre-Tax Margin -6.5%
Pre-Tax Margin - 3 Yr. Avg. -0.7%
Net Profit Margin -5%
Net Profit Margin - 3 Yr. Avg. -3.1%
Effective Tax Rate 22.2%
Eff/ Tax Rate - 3 Yr. Avg. 8.3%
Payout Ratio 0%

SYNL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SYNL stock intrinsic value calculation we used $139 million for the last fiscal year's total revenue generated by Synalloy. The default revenue input number comes from 2016 income statement of Synalloy. 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 SYNL stock valuation model: a) initial revenue growth rate of 48.6% 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 6.5%, whose default value for SYNL is calculated based on our internal credit rating of Synalloy, 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 Synalloy.
    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 SYNL stock the variable cost ratio is equal to 102.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $4 million in the base year in the intrinsic value calculation for SYNL 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 5.4% for Synalloy.

Corporate tax rate of 27% is the nominal tax rate for Synalloy. 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 SYNL 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 SYNL are equal to 19.8%.

Life of production assets of 4.8 years is the average useful life of capital assets used in Synalloy 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 SYNL is equal to 46.8%. 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 - $89 million for Synalloy - 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 8.717 million for Synalloy 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 Synalloy at the current share price and the inputted number of shares is $0.1 billion.

RELATED COMPANIES Price Int.Val. Rating
NWPX Northwest Pipe 18.43 5.43  str.sell
ATKR Atkore Interna 19.77 2.50  str.sell
RS Reliance Steel 76.34 8.55  str.sell
TMST TimkenSteel 17.58 3.36  str.sell
TS Tenaris ADR 26.20 4.19  str.sell
NL NL Industries 13.65 6.27  str.sell
NPO EnPro Industri 78.84 14.05  str.sell

COMPANY NEWS

▶ Synalloy Corporation Announces Dividend Payment   [Oct-05-17 12:57PM  GlobeNewswire]
▶ Synalloy posts 2Q profit   [Aug-08-17 05:48PM  Associated Press]
▶ Synalloy Announces Second Quarter Earnings Conference Call   [Jul-20-17 11:43AM  GlobeNewswire]
▶ Universal Stainless rejects unsolicited offer   [Jun-29-17 06:05PM  American City Business Journals]
▶ Synalloy posts 1Q profit   [May-09-17 09:49AM  Associated Press]
▶ Synalloy Announces First Quarter Earnings Conference Call   [May-01-17 04:25PM  GlobeNewswire]
▶ Privet Fund Management Loads Up on Synalloy   [Apr-06-17 03:40PM  GuruFocus.com]
▶ Synalloy reports 4Q loss   [07:24AM  Associated Press]
▶ Synalloy Announces Fourth Quarter Earnings Conference Call   [Feb-27-17 02:00PM  GlobeNewswire]
▶ ETFs with exposure to Synalloy Corp. : December 13, 2016   [Dec-13-16 11:53AM  Capital Cube]
▶ Synalloy Announces Third Quarter Earnings Conference Call   [Nov-01-16 01:00PM  GlobeNewswire]
▶ Synalloy Announces Second Quarter Earnings Conference Call   [Aug-01-16 01:00PM  GlobeNewswire]
▶ Synalloy Announces First Quarter Earnings Conference Call   [May-02-16 02:00PM  GlobeNewswire]
▶ Do Hedge Funds Love Synalloy Corporation (SYNL)?   [Nov-25  12:46PM  at Insider Monkey]
▶ Synalloy Announces Annual Dividend Payment   [Nov-18  10:59AM  GlobeNewswire]
▶ Synalloy Announces Third Quarter Earnings Conference Call   [Oct-16  10:49AM  GlobeNewswire]
Financial statements of SYNL
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.