Intrinsic value of Syntel - SYNT

Previous Close

$18.01

  Intrinsic Value

$3.86

stock screener

  Rating & Target

str. sell

-79%

  Value-price divergence*

-27%

Previous close

$18.01

 
Intrinsic value

$3.86

 
Up/down potential

-79%

 
Rating

str. sell

 
Value-price divergence*

-27%

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

We calculate the intrinsic value of SYNT 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 1.5

 

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, %
  -0.21
  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
  967
  986
  1,009
  1,035
  1,064
  1,096
  1,132
  1,170
  1,212
  1,257
  1,305
  1,357
  1,412
  1,470
  1,533
  1,599
  1,669
  1,743
  1,822
  1,904
  1,992
  2,084
  2,182
  2,284
  2,392
  2,506
  2,626
  2,752
  2,885
  3,025
  3,172
Variable operating expenses, $m
 
  697
  713
  732
  752
  775
  800
  827
  857
  889
  923
  959
  998
  1,039
  1,084
  1,130
  1,180
  1,232
  1,288
  1,346
  1,408
  1,473
  1,542
  1,615
  1,691
  1,772
  1,857
  1,946
  2,040
  2,138
  2,242
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
  704
  697
  713
  732
  752
  775
  800
  827
  857
  889
  923
  959
  998
  1,039
  1,084
  1,130
  1,180
  1,232
  1,288
  1,346
  1,408
  1,473
  1,542
  1,615
  1,691
  1,772
  1,857
  1,946
  2,040
  2,138
  2,242
Operating income, $m
  262
  289
  296
  303
  312
  321
  332
  343
  355
  368
  382
  398
  414
  431
  449
  469
  489
  511
  534
  558
  584
  611
  639
  670
  701
  735
  770
  807
  846
  887
  930
EBITDA, $m
  277
  300
  307
  315
  324
  333
  344
  356
  369
  382
  397
  413
  429
  447
  466
  486
  508
  530
  554
  579
  606
  634
  663
  695
  728
  762
  799
  837
  877
  920
  965
Interest expense (income), $m
  3
  18
  10
  10
  11
  11
  11
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  28
  29
  31
  32
  34
  36
  38
  40
Earnings before tax, $m
  273
  271
  286
  293
  301
  310
  320
  331
  343
  355
  369
  383
  399
  415
  432
  451
  470
  491
  513
  536
  560
  586
  613
  642
  672
  704
  737
  773
  810
  849
  890
Tax expense, $m
  330
  73
  77
  79
  81
  84
  86
  89
  93
  96
  100
  103
  108
  112
  117
  122
  127
  133
  138
  145
  151
  158
  166
  173
  181
  190
  199
  209
  219
  229
  240
Net income, $m
  -57
  198
  209
  214
  220
  227
  234
  242
  250
  259
  269
  280
  291
  303
  316
  329
  343
  358
  374
  391
  409
  428
  448
  469
  491
  514
  538
  564
  591
  620
  649

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  100
  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
  455
  464
  475
  487
  501
  516
  533
  551
  570
  592
  614
  638
  664
  692
  721
  752
  785
  820
  857
  896
  937
  981
  1,027
  1,075
  1,126
  1,179
  1,236
  1,295
  1,358
  1,424
  1,493
Adjusted assets (=assets-cash), $m
  355
  464
  475
  487
  501
  516
  533
  551
  570
  592
  614
  638
  664
  692
  721
  752
  785
  820
  857
  896
  937
  981
  1,027
  1,075
  1,126
  1,179
  1,236
  1,295
  1,358
  1,424
  1,493
Revenue / Adjusted assets
  2.724
  2.125
  2.124
  2.125
  2.124
  2.124
  2.124
  2.123
  2.126
  2.123
  2.125
  2.127
  2.127
  2.124
  2.126
  2.126
  2.126
  2.126
  2.126
  2.125
  2.126
  2.124
  2.125
  2.125
  2.124
  2.126
  2.125
  2.125
  2.124
  2.124
  2.125
Average production assets, $m
  106
  108
  111
  114
  117
  121
  124
  129
  133
  138
  144
  149
  155
  162
  169
  176
  184
  192
  200
  209
  219
  229
  240
  251
  263
  276
  289
  303
  317
  333
  349
Working capital, $m
  147
  69
  71
  72
  74
  77
  79
  82
  85
  88
  91
  95
  99
  103
  107
  112
  117
  122
  128
  133
  139
  146
  153
  160
  167
  175
  184
  193
  202
  212
  222
Total debt, $m
  500
  280
  289
  300
  313
  326
  341
  358
  375
  394
  415
  437
  460
  485
  511
  539
  569
  600
  633
  669
  706
  745
  786
  829
  875
  924
  974
  1,028
  1,084
  1,143
  1,205
Total liabilities, $m
  638
  418
  427
  438
  451
  464
  479
  496
  513
  532
  553
  575
  598
  623
  649
  677
  707
  738
  771
  807
  844
  883
  924
  967
  1,013
  1,062
  1,112
  1,166
  1,222
  1,281
  1,343
Total equity, $m
  -183
  46
  47
  49
  50
  52
  53
  55
  57
  59
  61
  64
  66
  69
  72
  75
  79
  82
  86
  90
  94
  98
  103
  107
  113
  118
  124
  130
  136
  142
  149
Total liabilities and equity, $m
  455
  464
  474
  487
  501
  516
  532
  551
  570
  591
  614
  639
  664
  692
  721
  752
  786
  820
  857
  897
  938
  981
  1,027
  1,074
  1,126
  1,180
  1,236
  1,296
  1,358
  1,423
  1,492
Debt-to-equity ratio
  -2.732
  6.030
  6.090
  6.170
  6.240
  6.330
  6.410
  6.490
  6.580
  6.670
  6.750
  6.840
  6.920
  7.010
  7.090
  7.170
  7.240
  7.320
  7.390
  7.460
  7.530
  7.590
  7.660
  7.720
  7.770
  7.830
  7.880
  7.930
  7.980
  8.030
  8.080
Adjusted equity ratio
  -0.797
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -57
  198
  209
  214
  220
  227
  234
  242
  250
  259
  269
  280
  291
  303
  316
  329
  343
  358
  374
  391
  409
  428
  448
  469
  491
  514
  538
  564
  591
  620
  649
Depreciation, amort., depletion, $m
  15
  11
  11
  11
  12
  12
  13
  13
  13
  14
  14
  15
  16
  16
  17
  18
  18
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
Funds from operations, $m
  10
  209
  220
  225
  232
  239
  246
  255
  264
  273
  284
  295
  306
  319
  332
  347
  362
  378
  394
  412
  431
  451
  472
  494
  517
  541
  567
  594
  623
  653
  684
Change in working capital, $m
  22
  1
  2
  2
  2
  2
  2
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  8
  9
  9
  10
  10
Cash from operations, $m
  -12
  208
  218
  224
  230
  236
  244
  252
  261
  270
  280
  291
  303
  315
  328
  342
  357
  372
  389
  406
  425
  444
  465
  487
  509
  534
  559
  585
  614
  643
  674
Maintenance CAPEX, $m
  0
  -11
  -11
  -11
  -11
  -12
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -33
New CAPEX, $m
  -18
  -2
  -2
  -3
  -3
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -15
  -16
Cash from investing activities, $m
  495
  -13
  -13
  -14
  -14
  -16
  -16
  -16
  -18
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -26
  -28
  -29
  -31
  -32
  -34
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -49
Free cash flow, $m
  483
  195
  205
  210
  215
  221
  228
  235
  243
  252
  261
  271
  282
  293
  305
  318
  331
  346
  361
  377
  394
  412
  431
  451
  472
  495
  518
  543
  569
  596
  625
Issuance/(repayment) of debt, $m
  370
  -220
  10
  11
  12
  14
  15
  16
  18
  19
  20
  22
  23
  25
  26
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  53
  56
  59
  62
Issuance/(repurchase) of shares, $m
  -10
  31
  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  
  360
  -189
  10
  11
  12
  14
  15
  16
  18
  19
  20
  22
  23
  25
  26
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  53
  56
  59
  62
Total cash flow (excl. dividends), $m
  840
  6
  215
  221
  227
  235
  243
  252
  261
  271
  281
  293
  305
  318
  331
  346
  361
  377
  394
  412
  431
  451
  473
  495
  518
  543
  569
  596
  625
  655
  687
Retained Cash Flow (-), $m
  1,341
  -229
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
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
 
  -224
  213
  219
  226
  233
  241
  250
  259
  269
  279
  290
  302
  315
  329
  343
  358
  374
  391
  408
  427
  447
  468
  490
  513
  538
  563
  590
  619
  649
  680
Discount rate, %
 
  16.10
  16.91
  17.75
  18.64
  19.57
  20.55
  21.58
  22.65
  23.79
  24.98
  26.23
  27.54
  28.91
  30.36
  31.88
  33.47
  35.14
  36.90
  38.75
  40.68
  42.72
  44.85
  47.10
  49.45
  51.92
  54.52
  57.25
  60.11
  63.11
  66.27
PV of cash for distribution, $m
 
  -193
  156
  134
  114
  95
  79
  64
  51
  39
  30
  22
  16
  12
  8
  5
  4
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Syntel, Inc. provides digital transformation, information technology (IT), and knowledge process outsourcing (KPO) services worldwide. The company operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics and Telecom segments. It offers managed services, including software applications development, maintenance, and digital modernization testing, as well as IT infrastructure, cloud, and migration services. The company also provides a range of consulting and implementation services built around enterprise architecture; data warehousing and business intelligence; enterprise application integration; and SMAC technologies, including social media, Web and mobile applications, big data, analytics, and Internet of things. In addition, it offers KPO services that provide outsourced solutions for knowledge and business processes; and business intelligence, enterprise resource planning, and business and technology consulting services. The company offers its products to various companies in the banking and financial services, healthcare and life sciences, insurance, manufacturing, retail, logistics and telecom, and other industries. Syntel, Inc. was founded in 1980 and is headquartered in Troy, Michigan.

FINANCIAL RATIOS  of  Syntel (SYNT)

Valuation Ratios
P/E Ratio -26.4
Price to Sales 1.6
Price to Book -8.2
Price to Tangible Book
Price to Cash Flow -125.5
Price to Free Cash Flow -50.2
Growth Rates
Sales Growth Rate -0.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 5.9%
Cap. Spend. - 3 Yr. Gr. Rate -3%
Financial Strength
Quick Ratio 5
Current Ratio 0.3
LT Debt to Equity -261.7%
Total Debt to Equity -273.2%
Interest Coverage 92
Management Effectiveness
Return On Assets -6.1%
Ret/ On Assets - 3 Yr. Avg. 11.9%
Return On Total Capital -7.1%
Ret/ On T. Cap. - 3 Yr. Avg. 13.3%
Return On Equity -11.7%
Return On Equity - 3 Yr. Avg. 14.1%
Asset Turnover 1
Profitability Ratios
Gross Margin 38.4%
Gross Margin - 3 Yr. Avg. 39.8%
EBITDA Margin 30.1%
EBITDA Margin - 3 Yr. Avg. 34.2%
Operating Margin 27.2%
Oper. Margin - 3 Yr. Avg. 28.6%
Pre-Tax Margin 28.2%
Pre-Tax Margin - 3 Yr. Avg. 32.3%
Net Profit Margin -5.9%
Net Profit Margin - 3 Yr. Avg. 15.9%
Effective Tax Rate 120.9%
Eff/ Tax Rate - 3 Yr. Avg. 55%
Payout Ratio -2214%

SYNT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SYNT stock intrinsic value calculation we used $967 million for the last fiscal year's total revenue generated by Syntel. The default revenue input number comes from 2016 income statement of Syntel. 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 SYNT 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 16.1%, whose default value for SYNT is calculated based on our internal credit rating of Syntel, 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 Syntel.
    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 SYNT stock the variable cost ratio is equal to 70.7%.

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 SYNT 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 Syntel.

Corporate tax rate of 27% is the nominal tax rate for Syntel. 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 SYNT 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 SYNT are equal to 11%.

Life of production assets of 10 years is the average useful life of capital assets used in Syntel 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 SYNT is equal to 7%. 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 - $-183 million for Syntel - 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 83.195 million for Syntel 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 Syntel at the current share price and the inputted number of shares is $1.5 billion.

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COMPANY NEWS

▶ ETFs with exposure to Syntel, Inc. : August 15, 2017   [Aug-15-17 05:10PM  Capital Cube]
▶ 5 Cheap Breakout Stocks Offering Strong Returns   [Aug-08-17 08:40AM  Zacks]
▶ Syntel tops Street 2Q forecasts   [12:31AM  Associated Press]
▶ Tech stock with surprisingly big headcount jumps on day dominated by Amazon and Sears   [Jul-20-17 05:30PM  American City Business Journals]
▶ Why Syntel Shares Jumped Today   [02:23PM  Motley Fool]
▶ Syntel Names Rakesh Khanna CEO and President   [Jul-18-17 08:30AM  GlobeNewswire]
▶ Syntel, Inc. Value Analysis (NASDAQ:SYNT) : June 2, 2017   [Jun-02-17 03:05PM  Capital Cube]
▶ Syntel to Present at Investor Conference   [May-31-17 08:30AM  GlobeNewswire]
▶ Syntel to Present at Investor Conference   [May-25-17 08:30AM  GlobeNewswire]
▶ Syntel to Present at Investor Conference   [May-15-17 11:30AM  GlobeNewswire]
▶ MaziValue's 1st-Quarter Performance   [May-05-17 03:38PM  GuruFocus.com]
▶ ETFs with exposure to Syntel, Inc. : May 2, 2017   [May-02-17 04:43PM  Capital Cube]
▶ Syntel beats Street 1Q forecasts   [Apr-20-17 08:35AM  Associated Press]
▶ 5 Earnings Plays That Could Squeeze the Shorts   [Apr-17-17 12:30PM  TheStreet.com]
▶ Earnings Season's Back: Stocks With Big Upside   [Apr-14-17 03:31PM  Benzinga]
▶ ETFs with exposure to Syntel, Inc. : April 5, 2017   [Apr-05-17 05:31PM  Capital Cube]
▶ What Makes Syntel (SYNT) a Strong Sell?   [Feb-24-17 08:40AM  Zacks]
▶ Why Syntel, Inc. Shares Got Clobbered Today   [Feb-16-17 01:33PM  Motley Fool]
▶ Syntel beats Street 4Q forecasts   [08:47AM  Associated Press]
▶ [$$] Skepticism About Syntel Creates an Opportunity   [Jan-28-17 12:01AM  at Barrons.com]
▶ Syntel to Present at Investor Conference   [10:00AM  GlobeNewswire]
▶ Syntel Inc.: Value at a Value Price   [Jan-03-17 12:52PM  Gurufocus]
▶ Hedge Funds Arent Crazy About Syntel, Inc. (SYNT) Anymore   [Dec-09-16 05:56AM  at Insider Monkey]
▶ Interim CEO Invests in IT Company   [Dec-07-16 10:47AM  Gurufocus]
▶ *** DATA NOT AVAILABLE ***   [Nov-23-16 04:41AM  at noodls]
▶ Syntel Announces Stock Repurchase Plan   [05:00PM  GlobeNewswire]
▶ Syntel Announces Leadership Changes   [08:45AM  GlobeNewswire]
▶ Tractor Supply, Ascena Retail in Thursdays 52-Week Low Club   [Oct-20-16 04:04PM  at 24/7 Wall St.]
▶ Syntel reports 3Q loss   [08:40AM  AP]
▶ Syntel Adds New Member to Board of Directors   [08:30AM  GlobeNewswire]
▶ Here's Why Syntel (SYNT) Stock Is Jumping Today   [Sep-12-16 03:42PM  at TheStreet]
▶ Syntel Announces Special Dividend   [08:30AM  GlobeNewswire]
▶ SyntheticMR AB: MAGiC Receives FDA Approval   [Sep-09-16 04:18AM  Business Wire]
▶ Syntel to Present at Investor Conference   [Aug-30-16 08:30AM  GlobeNewswire]
Stock chart of SYNT Financial statements of SYNT
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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