Intrinsic value of Tredegar - TG

Previous Close

$19.60

  Intrinsic Value

$1.46

stock screener

  Rating & Target

str. sell

-93%

Previous close

$19.60

 
Intrinsic value

$1.46

 
Up/down potential

-93%

 
Rating

str. sell

We calculate the intrinsic value of TG 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, %
  -5.14
  34.90
  31.91
  29.22
  26.80
  24.62
  22.66
  20.89
  19.30
  17.87
  16.58
  15.43
  14.38
  13.44
  12.60
  11.84
  11.16
  10.54
  9.99
  9.49
  9.04
  8.64
  8.27
  7.94
  7.65
  7.39
  7.15
  6.93
  6.74
  6.56
  6.41
Revenue, $m
  831
  1,121
  1,479
  1,911
  2,423
  3,019
  3,703
  4,477
  5,341
  6,296
  7,340
  8,472
  9,690
  10,993
  12,378
  13,844
  15,388
  17,010
  18,709
  20,484
  22,336
  24,264
  26,271
  28,359
  30,528
  32,783
  35,125
  37,560
  40,091
  42,723
  45,461
Variable operating expenses, $m
 
  1,143
  1,504
  1,939
  2,456
  3,058
  3,748
  4,528
  5,400
  6,363
  7,416
  8,546
  9,776
  11,090
  12,487
  13,966
  15,524
  17,160
  18,874
  20,664
  22,532
  24,478
  26,503
  28,608
  30,797
  33,071
  35,434
  37,891
  40,444
  43,099
  45,861
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
  799
  1,143
  1,504
  1,939
  2,456
  3,058
  3,748
  4,528
  5,400
  6,363
  7,416
  8,546
  9,776
  11,090
  12,487
  13,966
  15,524
  17,160
  18,874
  20,664
  22,532
  24,478
  26,503
  28,608
  30,797
  33,071
  35,434
  37,891
  40,444
  43,099
  45,861
Operating income, $m
  31
  -22
  -25
  -29
  -33
  -38
  -44
  -51
  -59
  -67
  -76
  -75
  -85
  -97
  -109
  -122
  -135
  -150
  -165
  -180
  -197
  -214
  -231
  -250
  -269
  -288
  -309
  -331
  -353
  -376
  -400
EBITDA, $m
  63
  20
  27
  35
  44
  55
  68
  82
  97
  115
  134
  155
  177
  201
  226
  253
  281
  310
  341
  374
  407
  443
  479
  517
  557
  598
  641
  685
  731
  779
  829
Interest expense (income), $m
  3
  3
  7
  13
  19
  26
  35
  45
  56
  68
  82
  97
  113
  130
  149
  169
  190
  212
  235
  260
  285
  312
  339
  368
  398
  429
  461
  495
  530
  566
  604
Earnings before tax, $m
  28
  -25
  -32
  -41
  -52
  -65
  -79
  -96
  -114
  -135
  -158
  -171
  -198
  -227
  -258
  -291
  -325
  -362
  -400
  -440
  -482
  -525
  -570
  -618
  -667
  -718
  -770
  -825
  -883
  -942
  -1,004
Tax expense, $m
  4
  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
  24
  -25
  -32
  -41
  -52
  -65
  -79
  -96
  -114
  -135
  -158
  -171
  -198
  -227
  -258
  -291
  -325
  -362
  -400
  -440
  -482
  -525
  -570
  -618
  -667
  -718
  -770
  -825
  -883
  -942
  -1,004

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  30
  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
  651
  838
  1,105
  1,428
  1,811
  2,257
  2,768
  3,346
  3,992
  4,705
  5,486
  6,332
  7,242
  8,216
  9,251
  10,347
  11,501
  12,713
  13,983
  15,309
  16,693
  18,135
  19,635
  21,195
  22,816
  24,501
  26,252
  28,072
  29,964
  31,931
  33,977
Adjusted assets (=assets-cash), $m
  621
  838
  1,105
  1,428
  1,811
  2,257
  2,768
  3,346
  3,992
  4,705
  5,486
  6,332
  7,242
  8,216
  9,251
  10,347
  11,501
  12,713
  13,983
  15,309
  16,693
  18,135
  19,635
  21,195
  22,816
  24,501
  26,252
  28,072
  29,964
  31,931
  33,977
Revenue / Adjusted assets
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
  1.338
Average production assets, $m
  281
  379
  500
  646
  819
  1,021
  1,252
  1,513
  1,805
  2,128
  2,481
  2,863
  3,275
  3,716
  4,184
  4,679
  5,201
  5,749
  6,324
  6,924
  7,549
  8,201
  8,880
  9,585
  10,318
  11,080
  11,872
  12,695
  13,551
  14,440
  15,366
Working capital, $m
  88
  78
  104
  134
  170
  211
  259
  313
  374
  441
  514
  593
  678
  770
  866
  969
  1,077
  1,191
  1,310
  1,434
  1,563
  1,699
  1,839
  1,985
  2,137
  2,295
  2,459
  2,629
  2,806
  2,991
  3,182
Total debt, $m
  95
  214
  361
  538
  747
  992
  1,272
  1,589
  1,943
  2,333
  2,761
  3,225
  3,724
  4,257
  4,825
  5,425
  6,058
  6,722
  7,418
  8,145
  8,903
  9,693
  10,515
  11,370
  12,258
  13,182
  14,141
  15,138
  16,175
  17,253
  18,374
Total liabilities, $m
  340
  459
  606
  783
  992
  1,237
  1,517
  1,834
  2,188
  2,578
  3,006
  3,470
  3,969
  4,502
  5,070
  5,670
  6,303
  6,967
  7,663
  8,390
  9,148
  9,938
  10,760
  11,615
  12,503
  13,427
  14,386
  15,383
  16,420
  17,498
  18,619
Total equity, $m
  311
  379
  500
  646
  818
  1,020
  1,251
  1,512
  1,804
  2,127
  2,479
  2,862
  3,274
  3,714
  4,182
  4,677
  5,198
  5,746
  6,320
  6,920
  7,545
  8,197
  8,875
  9,580
  10,313
  11,075
  11,866
  12,688
  13,544
  14,433
  15,358
Total liabilities and equity, $m
  651
  838
  1,106
  1,429
  1,810
  2,257
  2,768
  3,346
  3,992
  4,705
  5,485
  6,332
  7,243
  8,216
  9,252
  10,347
  11,501
  12,713
  13,983
  15,310
  16,693
  18,135
  19,635
  21,195
  22,816
  24,502
  26,252
  28,071
  29,964
  31,931
  33,977
Debt-to-equity ratio
  0.305
  0.570
  0.720
  0.830
  0.910
  0.970
  1.020
  1.050
  1.080
  1.100
  1.110
  1.130
  1.140
  1.150
  1.150
  1.160
  1.170
  1.170
  1.170
  1.180
  1.180
  1.180
  1.180
  1.190
  1.190
  1.190
  1.190
  1.190
  1.190
  1.200
  1.200
Adjusted equity ratio
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452
  0.452

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  24
  -25
  -32
  -41
  -52
  -65
  -79
  -96
  -114
  -135
  -158
  -171
  -198
  -227
  -258
  -291
  -325
  -362
  -400
  -440
  -482
  -525
  -570
  -618
  -667
  -718
  -770
  -825
  -883
  -942
  -1,004
Depreciation, amort., depletion, $m
  32
  42
  52
  63
  77
  93
  112
  133
  156
  182
  210
  229
  262
  297
  335
  374
  416
  460
  506
  554
  604
  656
  710
  767
  825
  886
  950
  1,016
  1,084
  1,155
  1,229
Funds from operations, $m
  44
  17
  19
  22
  25
  29
  33
  37
  42
  47
  52
  58
  64
  70
  77
  84
  91
  98
  106
  114
  122
  131
  140
  149
  159
  169
  179
  190
  201
  213
  225
Change in working capital, $m
  -5
  20
  25
  30
  36
  42
  48
  54
  60
  67
  73
  79
  85
  91
  97
  103
  108
  114
  119
  124
  130
  135
  140
  146
  152
  158
  164
  170
  177
  184
  192
Cash from operations, $m
  49
  -3
  -6
  -8
  -10
  -13
  -15
  -17
  -19
  -20
  -21
  -21
  -21
  -21
  -20
  -19
  -17
  -15
  -13
  -10
  -7
  -4
  -1
  3
  7
  11
  15
  20
  24
  29
  34
Maintenance CAPEX, $m
  0
  -22
  -30
  -40
  -52
  -66
  -82
  -100
  -121
  -144
  -170
  -198
  -229
  -262
  -297
  -335
  -374
  -416
  -460
  -506
  -554
  -604
  -656
  -710
  -767
  -825
  -886
  -950
  -1,016
  -1,084
  -1,155
New CAPEX, $m
  -45
  -98
  -121
  -146
  -173
  -202
  -231
  -261
  -292
  -323
  -353
  -383
  -412
  -440
  -468
  -495
  -522
  -548
  -574
  -600
  -626
  -652
  -678
  -705
  -733
  -762
  -792
  -823
  -855
  -890
  -925
Cash from investing activities, $m
  -42
  -120
  -151
  -186
  -225
  -268
  -313
  -361
  -413
  -467
  -523
  -581
  -641
  -702
  -765
  -830
  -896
  -964
  -1,034
  -1,106
  -1,180
  -1,256
  -1,334
  -1,415
  -1,500
  -1,587
  -1,678
  -1,773
  -1,871
  -1,974
  -2,080
Free cash flow, $m
  7
  -124
  -157
  -194
  -235
  -280
  -328
  -379
  -432
  -487
  -544
  -603
  -662
  -723
  -786
  -849
  -914
  -980
  -1,047
  -1,116
  -1,187
  -1,260
  -1,335
  -1,413
  -1,493
  -1,576
  -1,663
  -1,753
  -1,847
  -1,945
  -2,047
Issuance/(repayment) of debt, $m
  -9
  119
  147
  177
  210
  244
  280
  317
  354
  391
  428
  464
  499
  534
  567
  600
  633
  664
  696
  727
  758
  790
  822
  855
  889
  923
  960
  997
  1,037
  1,078
  1,121
Issuance/(repurchase) of shares, $m
  2
  123
  153
  187
  225
  266
  310
  357
  406
  458
  511
  554
  610
  667
  726
  786
  847
  910
  974
  1,040
  1,107
  1,177
  1,248
  1,323
  1,399
  1,479
  1,562
  1,648
  1,738
  1,831
  1,929
Cash from financing (excl. dividends), $m  
  -10
  242
  300
  364
  435
  510
  590
  674
  760
  849
  939
  1,018
  1,109
  1,201
  1,293
  1,386
  1,480
  1,574
  1,670
  1,767
  1,865
  1,967
  2,070
  2,178
  2,288
  2,402
  2,522
  2,645
  2,775
  2,909
  3,050
Total cash flow (excl. dividends), $m
  -1
  118
  143
  170
  199
  230
  262
  295
  328
  362
  394
  415
  446
  477
  508
  537
  566
  594
  622
  650
  678
  707
  735
  765
  795
  826
  858
  892
  927
  964
  1,003
Retained Cash Flow (-), $m
  -38
  -123
  -153
  -187
  -225
  -266
  -310
  -357
  -406
  -458
  -511
  -554
  -610
  -667
  -726
  -786
  -847
  -910
  -974
  -1,040
  -1,107
  -1,177
  -1,248
  -1,323
  -1,399
  -1,479
  -1,562
  -1,648
  -1,738
  -1,831
  -1,929
Prev. year cash balance distribution, $m
 
  30
  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
  -10
  -17
  -25
  -36
  -48
  -62
  -78
  -96
  -116
  -139
  -163
  -190
  -218
  -249
  -281
  -315
  -351
  -389
  -429
  -470
  -513
  -558
  -605
  -653
  -703
  -756
  -810
  -867
  -926
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
 
  25
  -9
  -15
  -21
  -28
  -35
  -42
  -49
  -55
  -61
  -66
  -70
  -72
  -73
  -73
  -71
  -69
  -65
  -60
  -54
  -49
  -43
  -37
  -31
  -25
  -21
  -16
  -13
  -9
  -7
Current shareholders' claim on cash, %
  100
  82.7
  69.2
  58.7
  50.2
  43.5
  37.9
  33.3
  29.5
  26.3
  23.6
  21.3
  19.3
  17.6
  16.1
  14.8
  13.6
  12.5
  11.6
  10.7
  10.0
  9.3
  8.6
  8.1
  7.5
  7.1
  6.6
  6.2
  5.8
  5.5
  5.1

Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company's segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications. Its Surface Protection unit produces single- and multi-layer surface protection films sold under the UltraMask, ForceField and ForceField PEARL brand names. The Flexible Packaging Films segment produces polyethylene terephthalate-based films for use in packaging applications that have specialized properties, such as heat resistance, barrier protection and the ability to accept print graphics. The Aluminum Extrusions segment manufactures mill (unfinished), anodized (coated) and painted and fabricated aluminum extrusions for sale directly to fabricators and distributors.

FINANCIAL RATIOS  of  Tredegar (TG)

Valuation Ratios
P/E Ratio 26.9
Price to Sales 0.8
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 13.2
Price to Free Cash Flow 161.4
Growth Rates
Sales Growth Rate -5.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 36.4%
Cap. Spend. - 3 Yr. Gr. Rate -10.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 30.5%
Total Debt to Equity 30.5%
Interest Coverage 10
Management Effectiveness
Return On Assets 4.2%
Ret/ On Assets - 3 Yr. Avg. 1.8%
Return On Total Capital 6.1%
Ret/ On T. Cap. - 3 Yr. Avg. 2%
Return On Equity 8.2%
Return On Equity - 3 Yr. Avg. 2.6%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 16%
Gross Margin - 3 Yr. Avg. 14.8%
EBITDA Margin 7.6%
EBITDA Margin - 3 Yr. Avg. 6.2%
Operating Margin 3.9%
Oper. Margin - 3 Yr. Avg. 2.2%
Pre-Tax Margin 3.4%
Pre-Tax Margin - 3 Yr. Avg. 1.8%
Net Profit Margin 2.9%
Net Profit Margin - 3 Yr. Avg. 1.1%
Effective Tax Rate 14.3%
Eff/ Tax Rate - 3 Yr. Avg. -1.6%
Payout Ratio 58.3%

TG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TG stock intrinsic value calculation we used $831 million for the last fiscal year's total revenue generated by Tredegar. The default revenue input number comes from 2016 income statement of Tredegar. 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 TG stock valuation model: a) initial revenue growth rate of 34.9% 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 TG is calculated based on our internal credit rating of Tredegar, 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 Tredegar.
    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 TG stock the variable cost ratio is equal to 102.3%.

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 TG 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 Tredegar.

Corporate tax rate of 27% is the nominal tax rate for Tredegar. 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 TG 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 TG are equal to 33.8%.

Life of production assets of 12.5 years is the average useful life of capital assets used in Tredegar 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 TG 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 - $311 million for Tredegar - 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 33.03 million for Tredegar 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 Tredegar at the current share price and the inputted number of shares is $0.6 billion.

RELATED COMPANIES Price Int.Val. Rating
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KALU Kaiser Aluminu 97.54 11.34  str.sell
CMT Core Molding T 22.93 63.25  str.buy
ZAGG ZAGG 23.25 24.53  buy
MLI Mueller Indust 34.77 27.04  sell
BERY Berry Global G 59.95 34.57  sell

COMPANY NEWS

▶ The Bears Hit the Target Corporation Bullseye   [Nov-15-17 11:19AM  InvestorPlace]
▶ ETFs with exposure to Tredegar Corp. : November 14, 2017   [Nov-14-17 02:52PM  Capital Cube]
▶ Tredegar Board Declares Dividend   [Nov-01-17 02:34PM  Business Wire]
▶ Tredegar posts 3Q profit   [Oct-31-17 05:18PM  Associated Press]
▶ Tredegar Reports Third-Quarter 2017 Results   [05:09PM  Business Wire]
▶ ETFs with exposure to Tredegar Corp. : October 2, 2017   [Oct-02-17 11:07AM  Capital Cube]
▶ Tredegar Corp. Value Analysis (NYSE:TG) : August 17, 2017   [Aug-16-17 10:46PM  Capital Cube]
▶ Tredegar Board Declares Dividend   [Aug-02-17 02:09PM  Business Wire]
▶ Tredegar posts 2Q profit   [Aug-01-17 08:17PM  Associated Press]
▶ Tredegar Reports Second-Quarter 2017 Results   [07:29PM  Business Wire]
▶ Tredegar Corp. Value Analysis (NYSE:TG) : June 20, 2017   [Jun-20-17 04:16PM  Capital Cube]
▶ Bonnell Aluminum Announces Start-Up of New Extrusion Line   [Jun-14-17 03:00PM  Business Wire]
▶ Tredegar Board Declares Dividend   [May-17-17 04:15PM  Business Wire]
▶ ETFs with exposure to Tredegar Corp. : May 9, 2017   [May-09-17 05:06PM  Capital Cube]
▶ Tredegar posts 1Q profit   [May-02-17 07:31PM  Associated Press]
▶ Tredegar Reports First-Quarter 2017 Results   [04:36PM  Business Wire]
▶ Tredegar posts 4Q profit   [Feb-22-17 06:50PM  Associated Press]
▶ Tredegar Board Declares Dividend   [Feb-21-17 02:38PM  Business Wire]
▶ Should You Avoid Tredegar Corporation (TG)?   [Dec-20-16 04:22PM  at Insider Monkey]
▶ Tredegar Board Declares Dividend   [Nov-02-16 03:34PM  Business Wire]
▶ Tredegar Reports Third-Quarter 2016 Results   [04:49PM  Business Wire]
▶ Tredegar Board Declares Dividend   [Aug-03-16 02:36PM  Business Wire]
▶ Tredegar Reports Second-Quarter 2016 Results   [04:15PM  Business Wire]
▶ Tredegar Board Declares Dividend   [May-04-16 02:22PM  Business Wire]
▶ Tredegar Reports First-Quarter 2016 Results   [04:39PM  Business Wire]
▶ Tredegar Completes New Credit Facility   [11:41AM  Business Wire]
Financial statements of TG
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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