Intrinsic value of Tucows - TCX

Previous Close

$55.65

  Intrinsic Value

$1,918

stock screener

  Rating & Target

str. buy

+999%

  Value-price divergence*

-158%

Previous close

$55.65

 
Intrinsic value

$1,918

 
Up/down potential

+999%

 
Rating

str. buy

 
Value-price divergence*

-158%

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

We calculate the intrinsic value of TCX 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 0.6

 

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, %
  9.83
  55.60
  50.54
  45.99
  41.89
  38.20
  34.88
  31.89
  29.20
  26.78
  24.60
  22.64
  20.88
  19.29
  17.86
  16.58
  15.42
  14.38
  13.44
  12.59
  11.84
  11.15
  10.54
  9.98
  9.48
  9.04
  8.63
  8.27
  7.94
  7.65
  7.38
Revenue, $m
  190
  296
  445
  650
  922
  1,274
  1,718
  2,266
  2,928
  3,712
  4,626
  5,673
  6,858
  8,181
  9,642
  11,240
  12,973
  14,838
  16,832
  18,952
  21,195
  23,559
  26,041
  28,641
  31,357
  34,191
  37,142
  40,214
  43,408
  46,728
  50,178
Variable operating expenses, $m
 
  173
  259
  378
  535
  738
  995
  1,312
  1,694
  2,148
  2,676
  3,279
  3,963
  4,728
  5,572
  6,496
  7,498
  8,576
  9,728
  10,953
  12,250
  13,616
  15,050
  16,553
  18,123
  19,760
  21,466
  23,241
  25,087
  27,006
  29,000
Fixed operating expenses, $m
 
  55
  57
  58
  60
  61
  63
  64
  66
  67
  69
  71
  73
  74
  76
  78
  80
  82
  84
  86
  88
  91
  93
  95
  98
  100
  103
  105
  108
  111
  113
Total operating expenses, $m
  165
  228
  316
  436
  595
  799
  1,058
  1,376
  1,760
  2,215
  2,745
  3,350
  4,036
  4,802
  5,648
  6,574
  7,578
  8,658
  9,812
  11,039
  12,338
  13,707
  15,143
  16,648
  18,221
  19,860
  21,569
  23,346
  25,195
  27,117
  29,113
Operating income, $m
  25
  67
  129
  214
  327
  475
  661
  890
  1,168
  1,497
  1,881
  2,324
  2,822
  3,378
  3,993
  4,666
  5,395
  6,180
  7,020
  7,912
  8,857
  9,852
  10,898
  11,993
  13,137
  14,330
  15,573
  16,867
  18,213
  19,611
  21,064
EBITDA, $m
  28
  71
  134
  221
  336
  486
  675
  908
  1,191
  1,525
  1,916
  2,363
  2,870
  3,436
  4,061
  4,744
  5,486
  6,284
  7,138
  8,045
  9,006
  10,017
  11,080
  12,193
  13,357
  14,570
  15,834
  17,149
  18,517
  19,938
  21,416
Interest expense (income), $m
  0
  0
  2
  5
  10
  15
  22
  31
  42
  56
  72
  90
  111
  135
  162
  192
  224
  259
  297
  338
  381
  426
  474
  524
  577
  632
  690
  749
  812
  876
  944
Earnings before tax, $m
  25
  67
  127
  209
  318
  459
  638
  859
  1,126
  1,442
  1,809
  2,233
  2,710
  3,243
  3,831
  4,474
  5,171
  5,921
  6,723
  7,575
  8,476
  9,426
  10,424
  11,468
  12,560
  13,698
  14,884
  16,118
  17,401
  18,735
  20,121
Tax expense, $m
  9
  18
  34
  56
  86
  124
  172
  232
  304
  389
  489
  603
  732
  876
  1,034
  1,208
  1,396
  1,599
  1,815
  2,045
  2,289
  2,545
  2,814
  3,096
  3,391
  3,698
  4,019
  4,352
  4,698
  5,058
  5,433
Net income, $m
  16
  49
  92
  152
  232
  335
  466
  627
  822
  1,052
  1,321
  1,630
  1,978
  2,367
  2,796
  3,266
  3,775
  4,322
  4,907
  5,530
  6,188
  6,881
  7,609
  8,372
  9,169
  10,000
  10,865
  11,766
  12,703
  13,676
  14,688

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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
Total assets, $m
  150
  210
  316
  462
  655
  905
  1,221
  1,611
  2,081
  2,639
  3,288
  4,032
  4,874
  5,814
  6,853
  7,989
  9,220
  10,546
  11,963
  13,470
  15,064
  16,744
  18,508
  20,356
  22,287
  24,301
  26,398
  28,581
  30,851
  33,211
  35,663
Adjusted assets (=assets-cash), $m
  135
  210
  316
  462
  655
  905
  1,221
  1,611
  2,081
  2,639
  3,288
  4,032
  4,874
  5,814
  6,853
  7,989
  9,220
  10,546
  11,963
  13,470
  15,064
  16,744
  18,508
  20,356
  22,287
  24,301
  26,398
  28,581
  30,851
  33,211
  35,663
Revenue / Adjusted assets
  1.407
  1.410
  1.408
  1.407
  1.408
  1.408
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
  1.407
Average production assets, $m
  17
  26
  40
  58
  82
  113
  153
  202
  261
  330
  412
  505
  610
  728
  858
  1,000
  1,155
  1,321
  1,498
  1,687
  1,886
  2,097
  2,318
  2,549
  2,791
  3,043
  3,306
  3,579
  3,863
  4,159
  4,466
Working capital, $m
  -1
  -22
  -33
  -48
  -68
  -94
  -127
  -168
  -217
  -275
  -342
  -420
  -507
  -605
  -713
  -832
  -960
  -1,098
  -1,246
  -1,402
  -1,568
  -1,743
  -1,927
  -2,119
  -2,320
  -2,530
  -2,749
  -2,976
  -3,212
  -3,458
  -3,713
Total debt, $m
  10
  69
  156
  274
  432
  636
  893
  1,211
  1,594
  2,048
  2,577
  3,184
  3,870
  4,637
  5,483
  6,409
  7,413
  8,493
  9,648
  10,876
  12,175
  13,544
  14,982
  16,488
  18,062
  19,703
  21,413
  23,192
  25,042
  26,965
  28,963
Total liabilities, $m
  112
  171
  258
  376
  534
  738
  995
  1,313
  1,696
  2,150
  2,679
  3,286
  3,972
  4,739
  5,585
  6,511
  7,515
  8,595
  9,750
  10,978
  12,277
  13,646
  15,084
  16,590
  18,164
  19,805
  21,515
  23,294
  25,144
  27,067
  29,065
Total equity, $m
  38
  39
  59
  85
  121
  168
  226
  298
  385
  488
  608
  746
  902
  1,076
  1,268
  1,478
  1,706
  1,951
  2,213
  2,492
  2,787
  3,098
  3,424
  3,766
  4,123
  4,496
  4,884
  5,288
  5,707
  6,144
  6,598
Total liabilities and equity, $m
  150
  210
  317
  461
  655
  906
  1,221
  1,611
  2,081
  2,638
  3,287
  4,032
  4,874
  5,815
  6,853
  7,989
  9,221
  10,546
  11,963
  13,470
  15,064
  16,744
  18,508
  20,356
  22,287
  24,301
  26,399
  28,582
  30,851
  33,211
  35,663
Debt-to-equity ratio
  0.263
  1.780
  2.660
  3.210
  3.560
  3.800
  3.950
  4.060
  4.140
  4.200
  4.240
  4.270
  4.290
  4.310
  4.320
  4.340
  4.350
  4.350
  4.360
  4.360
  4.370
  4.370
  4.380
  4.380
  4.380
  4.380
  4.380
  4.390
  4.390
  4.390
  4.390
Adjusted equity ratio
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185
  0.185

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  16
  49
  92
  152
  232
  335
  466
  627
  822
  1,052
  1,321
  1,630
  1,978
  2,367
  2,796
  3,266
  3,775
  4,322
  4,907
  5,530
  6,188
  6,881
  7,609
  8,372
  9,169
  10,000
  10,865
  11,766
  12,703
  13,676
  14,688
Depreciation, amort., depletion, $m
  3
  4
  5
  7
  9
  11
  14
  18
  23
  28
  35
  40
  48
  57
  68
  79
  91
  104
  118
  133
  149
  165
  182
  201
  220
  240
  260
  282
  304
  327
  352
Funds from operations, $m
  24
  53
  98
  159
  241
  346
  480
  645
  844
  1,080
  1,355
  1,670
  2,027
  2,425
  2,864
  3,345
  3,866
  4,426
  5,025
  5,662
  6,336
  7,046
  7,792
  8,573
  9,388
  10,239
  11,125
  12,048
  13,007
  14,004
  15,040
Change in working capital, $m
  2
  -8
  -11
  -15
  -20
  -26
  -33
  -41
  -49
  -58
  -68
  -78
  -88
  -98
  -108
  -118
  -128
  -138
  -148
  -157
  -166
  -175
  -184
  -192
  -201
  -210
  -218
  -227
  -236
  -246
  -255
Cash from operations, $m
  22
  61
  109
  174
  261
  372
  513
  686
  893
  1,138
  1,423
  1,748
  2,114
  2,522
  2,972
  3,463
  3,994
  4,564
  5,173
  5,819
  6,502
  7,221
  7,976
  8,765
  9,589
  10,449
  11,344
  12,275
  13,243
  14,249
  15,295
Maintenance CAPEX, $m
  0
  -1
  -2
  -3
  -5
  -6
  -9
  -12
  -16
  -21
  -26
  -32
  -40
  -48
  -57
  -68
  -79
  -91
  -104
  -118
  -133
  -149
  -165
  -182
  -201
  -220
  -240
  -260
  -282
  -304
  -327
New CAPEX, $m
  -8
  -9
  -13
  -18
  -24
  -31
  -40
  -49
  -59
  -70
  -81
  -93
  -105
  -118
  -130
  -142
  -154
  -166
  -177
  -189
  -200
  -210
  -221
  -231
  -242
  -252
  -263
  -273
  -284
  -295
  -307
Cash from investing activities, $m
  -14
  -10
  -15
  -21
  -29
  -37
  -49
  -61
  -75
  -91
  -107
  -125
  -145
  -166
  -187
  -210
  -233
  -257
  -281
  -307
  -333
  -359
  -386
  -413
  -443
  -472
  -503
  -533
  -566
  -599
  -634
Free cash flow, $m
  8
  50
  93
  153
  232
  335
  464
  625
  818
  1,048
  1,316
  1,622
  1,969
  2,357
  2,785
  3,253
  3,761
  4,307
  4,892
  5,513
  6,170
  6,862
  7,589
  8,351
  9,147
  9,977
  10,842
  11,741
  12,677
  13,650
  14,660
Issuance/(repayment) of debt, $m
  7
  61
  87
  119
  158
  204
  257
  317
  383
  454
  529
  607
  686
  766
  846
  926
  1,004
  1,080
  1,155
  1,228
  1,299
  1,369
  1,438
  1,506
  1,574
  1,641
  1,710
  1,779
  1,850
  1,923
  1,998
Issuance/(repurchase) of shares, $m
  -7
  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  
  0
  61
  87
  119
  158
  204
  257
  317
  383
  454
  529
  607
  686
  766
  846
  926
  1,004
  1,080
  1,155
  1,228
  1,299
  1,369
  1,438
  1,506
  1,574
  1,641
  1,710
  1,779
  1,850
  1,923
  1,998
Total cash flow (excl. dividends), $m
  7
  112
  180
  271
  390
  539
  722
  942
  1,202
  1,502
  1,845
  2,229
  2,655
  3,123
  3,631
  4,179
  4,765
  5,388
  6,047
  6,741
  7,469
  8,231
  9,027
  9,857
  10,720
  11,618
  12,551
  13,520
  14,527
  15,573
  16,659
Retained Cash Flow (-), $m
  -12
  -14
  -20
  -27
  -36
  -46
  -58
  -72
  -87
  -103
  -120
  -138
  -156
  -174
  -192
  -210
  -228
  -245
  -262
  -279
  -295
  -311
  -326
  -342
  -357
  -373
  -388
  -404
  -420
  -437
  -454
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
 
  111
  160
  244
  354
  492
  663
  870
  1,115
  1,399
  1,725
  2,091
  2,499
  2,949
  3,439
  3,969
  4,537
  5,142
  5,784
  6,462
  7,174
  7,921
  8,701
  9,515
  10,363
  11,246
  12,163
  13,117
  14,107
  15,136
  16,205
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
 
  106
  147
  213
  291
  382
  481
  588
  697
  804
  904
  993
  1,067
  1,121
  1,155
  1,165
  1,153
  1,119
  1,065
  995
  912
  819
  722
  624
  528
  437
  355
  282
  218
  165
  122
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

Tucows Inc. provides network access, domain names, and other Internet services in the United States, Canada, and Germany. It operates through three segments: Domain Services, Network Access–Mobile Services, and Network Access–Other Services. Its domain services include OpenSRS wholesale domain service that offers services related to the registration, renewal, transfer, and management of domain names; OpenSRS value-added services, such as hosted email service, which provides email delivery and Webmail access to various mailboxes; Internet security services; publishing tools; and reseller billing services. The company’s domain services also comprise Platypus billing software, which provides billing, provisioning, and customer care software solutions to Internet service providers; Internet domain name registration and email services to individuals and small businesses through Hover Website; and banner and text advertising services through its ad-supported content site, tucows.com. Its network access services consist of Ting Website that provides retail mobile phone service to individuals and small businesses, as well as high speed Internet access, Internet hosting, and network consulting services. Tucows Inc. offers its services through an Internet-based distribution network of Internet service providers (ISPs), Web hosting companies, and other providers of Internet services to end-users. The company was formerly known as Infonautics, Inc. and changed its name to Tucows Inc. in August 2001. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.

FINANCIAL RATIOS  of  Tucows (TCX)

Valuation Ratios
P/E Ratio 36.4
Price to Sales 3.1
Price to Book 15.3
Price to Tangible Book
Price to Cash Flow 26.5
Price to Free Cash Flow 41.6
Growth Rates
Sales Growth Rate 9.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 166.7%
Cap. Spend. - 3 Yr. Gr. Rate 51.6%
Financial Strength
Quick Ratio 8
Current Ratio 0
LT Debt to Equity 21.1%
Total Debt to Equity 26.3%
Interest Coverage 0
Management Effectiveness
Return On Assets 11.5%
Ret/ On Assets - 3 Yr. Avg. 8.3%
Return On Total Capital 41%
Ret/ On T. Cap. - 3 Yr. Avg. 30.6%
Return On Equity 50%
Return On Equity - 3 Yr. Avg. 34.8%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 33.2%
Gross Margin - 3 Yr. Avg. 30.5%
EBITDA Margin 14.7%
EBITDA Margin - 3 Yr. Avg. 11.1%
Operating Margin 13.2%
Oper. Margin - 3 Yr. Avg. 10.1%
Pre-Tax Margin 13.2%
Pre-Tax Margin - 3 Yr. Avg. 9.9%
Net Profit Margin 8.4%
Net Profit Margin - 3 Yr. Avg. 6.3%
Effective Tax Rate 36%
Eff/ Tax Rate - 3 Yr. Avg. 36.1%
Payout Ratio 0%

TCX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TCX stock intrinsic value calculation we used $190 million for the last fiscal year's total revenue generated by Tucows. The default revenue input number comes from 2016 income statement of Tucows. 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 TCX stock valuation model: a) initial revenue growth rate of 55.6% 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 4.3%, whose default value for TCX is calculated based on our internal credit rating of Tucows, 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 Tucows.
    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 TCX stock the variable cost ratio is equal to 58.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $54 million in the base year in the intrinsic value calculation for TCX 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 Tucows.

Corporate tax rate of 27% is the nominal tax rate for Tucows. 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 TCX 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 TCX are equal to 8.9%.

Life of production assets of 12.7 years is the average useful life of capital assets used in Tucows 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 TCX is equal to -7.4%. 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 - $38 million for Tucows - 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 10.369 million for Tucows 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 Tucows at the current share price and the inputted number of shares is $0.6 billion.

RELATED COMPANIES Price Int.Val. Rating
WEB Web.com Group 22.45 92.83  str.buy
CTL CenturyLink 23.37 39.74  str.buy
VRSN VeriSign 98.95 30.28  str.sell
YHOO Yahoo! 52.58 8.04  str.sell
VZ Verizon Commun 44.23 42.08  hold
GDDY GoDaddy Cl A 43.05 72.54  str.buy
T AT&T 36.51 38.66  hold
GOOGL Alphabet Cl A 993.84 981.76  hold
MSFT Microsoft 73.79 47.21  sell

COMPANY NEWS

▶ ETFs with exposure to Tucows, Inc. : July 14, 2017   [Jul-14-17 05:05PM  Capital Cube]
▶ 3 Stocks That Could Put Alibaba's Returns to Shame   [Jul-06-17 03:33PM  Motley Fool]
▶ ETFs with exposure to Tucows, Inc. : July 4, 2017   [Jul-04-17 03:32PM  Capital Cube]
▶ 3 Stocks With Amazon-Like Growth Potential   [Jun-19-17 11:20AM  Motley Fool]
▶ Tucows, Inc. Value Analysis (NASDAQ:TCX) : June 15, 2017   [Jun-15-17 04:34PM  Capital Cube]
▶ 3 Key Takeaways From Tucows' Latest Earnings Report   [May-31-17 06:26PM  Motley Fool]
▶ Tucows Inc. Is Scaling Up Quickly   [May-10-17 10:26AM  Motley Fool]
▶ Tucows posts 1Q profit   [May-09-17 05:36PM  Associated Press]
▶ What to Watch When Tucows Reports Earnings   [May-08-17 10:49AM  Motley Fool]
▶ Why Tucows Inc. Stock Soared in March   [Apr-07-17 04:44PM  Motley Fool]
▶ Tucows Chief Financial Officer Michael Cooperman to Retire   [Mar-17-17 07:00AM  GlobeNewswire]
▶ Tucows Announces $40 Million Stock Buyback Program   [Mar-01-17 07:00AM  GlobeNewswire]
▶ 3 Hot Tech Stocks to Consider in February   [Feb-18-17 07:42AM  Motley Fool]
▶ 3 Hot Tech Stocks to Consider in February   [07:42AM  at Motley Fool]
▶ Tucows Inc. Lifts Fourth-Quarter Sales, but Earnings Dip   [Feb-08-17 11:53AM  Motley Fool]
▶ Tucows posts 4Q profit   [Feb-07-17 05:56PM  Associated Press]
▶ Tucows Inc. To Acquire eNom from Rightside   [08:30AM  GlobeNewswire]
▶ Rightside® Announces Sale of eNom to Tucows   [08:30AM  GlobeNewswire]
▶ Holly Springs gets 'lit' with high-speed fiber   [Jan-13-17 11:10AM  at bizjournals.com]
▶ Is Tucows Inc. (USA) (TCX) A Good Stock to Buy?   [Dec-21-16 05:45AM  at Insider Monkey]
▶ Why Tucows Inc. Gained 16.8% in September   [Oct-10-16 08:09PM  at Motley Fool]
▶ Tucows posts 2Q profit   [07:19AM  AP]
▶ Ting drops data price to $10 a gig beyond the first.   [Aug-05-16 07:00AM  GlobeNewswire]
▶ Tucows Removes Ads From Its Popular Software Download Site   [May-03-16 07:25AM  GlobeNewswire]
▶ Tucows posts 4Q profit   [Feb-09-16 05:57PM  AP]
Stock chart of TCX Financial statements of TCX Annual reports of TCX
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.