Intrinsic value of Tredegar - TG

Previous Close

$15.60

  Intrinsic Value

$1.44

stock screener

  Rating & Target

str. sell

-91%

Previous close

$15.60

 
Intrinsic value

$1.44

 
Up/down potential

-91%

 
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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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
  18.80
  17.42
  16.18
  15.06
  14.05
  13.15
  12.33
  11.60
  10.94
  10.35
  9.81
  9.33
  8.90
  8.51
  8.16
  7.84
  7.56
  7.30
  7.07
  6.86
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
Revenue, $m
  831
  987
  1,159
  1,347
  1,550
  1,767
  2,000
  2,246
  2,507
  2,781
  3,069
  3,370
  3,685
  4,012
  4,354
  4,709
  5,078
  5,462
  5,861
  6,275
  6,706
  7,154
  7,619
  8,104
  8,608
  9,133
  9,680
  10,251
  10,846
  11,466
  12,114
Variable operating expenses, $m
 
  1,008
  1,181
  1,370
  1,575
  1,795
  2,029
  2,278
  2,541
  2,818
  3,108
  3,400
  3,717
  4,048
  4,392
  4,750
  5,123
  5,510
  5,912
  6,330
  6,765
  7,217
  7,686
  8,175
  8,684
  9,214
  9,766
  10,341
  10,941
  11,567
  12,221
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
  1,008
  1,181
  1,370
  1,575
  1,795
  2,029
  2,278
  2,541
  2,818
  3,108
  3,400
  3,717
  4,048
  4,392
  4,750
  5,123
  5,510
  5,912
  6,330
  6,765
  7,217
  7,686
  8,175
  8,684
  9,214
  9,766
  10,341
  10,941
  11,567
  12,221
Operating income, $m
  31
  -20
  -22
  -24
  -25
  -27
  -29
  -32
  -34
  -36
  -39
  -30
  -32
  -35
  -38
  -41
  -45
  -48
  -52
  -55
  -59
  -63
  -67
  -71
  -76
  -80
  -85
  -90
  -95
  -101
  -107
EBITDA, $m
  63
  18
  21
  25
  28
  32
  36
  41
  46
  51
  56
  61
  67
  73
  79
  86
  93
  100
  107
  114
  122
  130
  139
  148
  157
  167
  177
  187
  198
  209
  221
Interest expense (income), $m
  3
  3
  6
  8
  11
  14
  17
  20
  24
  27
  31
  35
  40
  44
  49
  54
  59
  64
  70
  75
  81
  88
  94
  101
  108
  115
  122
  130
  138
  147
  156
Earnings before tax, $m
  28
  -24
  -28
  -32
  -36
  -41
  -46
  -52
  -57
  -64
  -70
  -65
  -72
  -80
  -87
  -95
  -104
  -112
  -121
  -131
  -140
  -151
  -161
  -172
  -183
  -195
  -208
  -220
  -234
  -248
  -262
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
  -24
  -28
  -32
  -36
  -41
  -46
  -52
  -57
  -64
  -70
  -65
  -72
  -80
  -87
  -95
  -104
  -112
  -121
  -131
  -140
  -151
  -161
  -172
  -183
  -195
  -208
  -220
  -234
  -248
  -262

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
  738
  866
  1,007
  1,158
  1,321
  1,495
  1,679
  1,874
  2,079
  2,294
  2,519
  2,754
  2,999
  3,254
  3,519
  3,795
  4,082
  4,380
  4,690
  5,012
  5,347
  5,695
  6,057
  6,434
  6,826
  7,235
  7,661
  8,106
  8,570
  9,054
Adjusted assets (=assets-cash), $m
  621
  738
  866
  1,007
  1,158
  1,321
  1,495
  1,679
  1,874
  2,079
  2,294
  2,519
  2,754
  2,999
  3,254
  3,519
  3,795
  4,082
  4,380
  4,690
  5,012
  5,347
  5,695
  6,057
  6,434
  6,826
  7,235
  7,661
  8,106
  8,570
  9,054
Revenue / Adjusted assets
  1.338
  1.337
  1.338
  1.338
  1.339
  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
  334
  392
  455
  524
  597
  676
  759
  847
  940
  1,037
  1,139
  1,245
  1,356
  1,472
  1,592
  1,716
  1,846
  1,981
  2,121
  2,267
  2,418
  2,575
  2,739
  2,910
  3,087
  3,272
  3,465
  3,666
  3,876
  4,095
Working capital, $m
  88
  69
  81
  94
  108
  124
  140
  157
  175
  195
  215
  236
  258
  281
  305
  330
  355
  382
  410
  439
  469
  501
  533
  567
  603
  639
  678
  718
  759
  803
  848
Total debt, $m
  95
  159
  230
  307
  390
  479
  574
  675
  782
  894
  1,012
  1,135
  1,264
  1,398
  1,538
  1,684
  1,835
  1,992
  2,155
  2,325
  2,501
  2,685
  2,876
  3,074
  3,281
  3,496
  3,720
  3,953
  4,197
  4,451
  4,717
Total liabilities, $m
  340
  404
  475
  552
  635
  724
  819
  920
  1,027
  1,139
  1,257
  1,380
  1,509
  1,643
  1,783
  1,929
  2,080
  2,237
  2,400
  2,570
  2,746
  2,930
  3,121
  3,319
  3,526
  3,741
  3,965
  4,198
  4,442
  4,696
  4,962
Total equity, $m
  311
  334
  392
  455
  523
  597
  676
  759
  847
  940
  1,037
  1,138
  1,245
  1,355
  1,471
  1,591
  1,715
  1,845
  1,980
  2,120
  2,265
  2,417
  2,574
  2,738
  2,908
  3,085
  3,270
  3,463
  3,664
  3,873
  4,092
Total liabilities and equity, $m
  651
  738
  867
  1,007
  1,158
  1,321
  1,495
  1,679
  1,874
  2,079
  2,294
  2,518
  2,754
  2,998
  3,254
  3,520
  3,795
  4,082
  4,380
  4,690
  5,011
  5,347
  5,695
  6,057
  6,434
  6,826
  7,235
  7,661
  8,106
  8,569
  9,054
Debt-to-equity ratio
  0.305
  0.480
  0.590
  0.670
  0.740
  0.800
  0.850
  0.890
  0.920
  0.950
  0.980
  1.000
  1.020
  1.030
  1.050
  1.060
  1.070
  1.080
  1.090
  1.100
  1.100
  1.110
  1.120
  1.120
  1.130
  1.130
  1.140
  1.140
  1.150
  1.150
  1.150
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
  -24
  -28
  -32
  -36
  -41
  -46
  -52
  -57
  -64
  -70
  -65
  -72
  -80
  -87
  -95
  -104
  -112
  -121
  -131
  -140
  -151
  -161
  -172
  -183
  -195
  -208
  -220
  -234
  -248
  -262
Depreciation, amort., depletion, $m
  32
  38
  43
  48
  54
  60
  66
  73
  80
  87
  95
  91
  100
  108
  118
  127
  137
  148
  158
  170
  181
  193
  206
  219
  233
  247
  262
  277
  293
  310
  328
Funds from operations, $m
  44
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  34
  35
  37
  39
  41
  43
  45
  47
  49
  52
  54
  57
  59
  62
  65
Change in working capital, $m
  -5
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  31
  33
  34
  35
  37
  38
  40
  42
  43
  45
Cash from operations, $m
  49
  4
  4
  3
  3
  3
  3
  4
  4
  4
  5
  5
  5
  6
  7
  7
  8
  9
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  19
  20
Maintenance CAPEX, $m
  0
  -22
  -27
  -31
  -36
  -42
  -48
  -54
  -61
  -68
  -75
  -83
  -91
  -100
  -108
  -118
  -127
  -137
  -148
  -158
  -170
  -181
  -193
  -206
  -219
  -233
  -247
  -262
  -277
  -293
  -310
New CAPEX, $m
  -45
  -53
  -58
  -63
  -69
  -74
  -79
  -83
  -88
  -93
  -97
  -102
  -106
  -111
  -115
  -120
  -125
  -130
  -135
  -140
  -146
  -151
  -157
  -164
  -170
  -178
  -185
  -193
  -201
  -210
  -219
Cash from investing activities, $m
  -42
  -75
  -85
  -94
  -105
  -116
  -127
  -137
  -149
  -161
  -172
  -185
  -197
  -211
  -223
  -238
  -252
  -267
  -283
  -298
  -316
  -332
  -350
  -370
  -389
  -411
  -432
  -455
  -478
  -503
  -529
Free cash flow, $m
  7
  -71
  -81
  -91
  -102
  -112
  -123
  -134
  -145
  -156
  -168
  -180
  -192
  -204
  -217
  -231
  -244
  -258
  -273
  -289
  -304
  -321
  -338
  -357
  -375
  -395
  -416
  -438
  -460
  -484
  -509
Issuance/(repayment) of debt, $m
  -9
  64
  70
  77
  83
  89
  95
  101
  107
  112
  118
  123
  129
  134
  140
  145
  151
  157
  163
  170
  176
  183
  191
  198
  207
  215
  224
  234
  244
  254
  265
Issuance/(repurchase) of shares, $m
  2
  76
  86
  95
  105
  115
  125
  135
  146
  156
  167
  167
  178
  190
  203
  215
  228
  242
  256
  271
  286
  302
  318
  336
  354
  373
  392
  413
  435
  457
  481
Cash from financing (excl. dividends), $m  
  -10
  140
  156
  172
  188
  204
  220
  236
  253
  268
  285
  290
  307
  324
  343
  360
  379
  399
  419
  441
  462
  485
  509
  534
  561
  588
  616
  647
  679
  711
  746
Total cash flow (excl. dividends), $m
  -1
  69
  75
  81
  86
  92
  97
  102
  107
  112
  117
  110
  115
  120
  125
  130
  135
  141
  146
  152
  158
  164
  171
  178
  185
  192
  200
  209
  218
  227
  237
Retained Cash Flow (-), $m
  -38
  -76
  -86
  -95
  -105
  -115
  -125
  -135
  -146
  -156
  -167
  -167
  -178
  -190
  -203
  -215
  -228
  -242
  -256
  -271
  -286
  -302
  -318
  -336
  -354
  -373
  -392
  -413
  -435
  -457
  -481
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
 
  23
  -11
  -15
  -19
  -23
  -28
  -33
  -38
  -44
  -50
  -56
  -63
  -70
  -77
  -85
  -93
  -101
  -110
  -119
  -128
  -138
  -148
  -158
  -169
  -180
  -192
  -204
  -217
  -230
  -244
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
 
  22
  -10
  -13
  -15
  -18
  -20
  -22
  -24
  -25
  -26
  -27
  -27
  -27
  -26
  -25
  -24
  -22
  -20
  -18
  -16
  -14
  -12
  -10
  -9
  -7
  -6
  -4
  -3
  -3
  -2
Current shareholders' claim on cash, %
  100
  86.1
  74.7
  65.3
  57.4
  50.8
  45.2
  40.4
  36.3
  32.7
  29.6
  27.0
  24.7
  22.6
  20.8
  19.1
  17.6
  16.3
  15.0
  13.9
  12.9
  11.9
  11.0
  10.3
  9.5
  8.8
  8.2
  7.7
  7.1
  6.6
  6.2

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 21.4
Price to Sales 0.6
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 10.5
Price to Free Cash Flow 128.4
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 18.8% 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 33.543 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 $0.5 billion.

RELATED COMPANIES Price Int.Val. Rating
RAVN Raven Industri 35.50 1.51  str.sell
FFHL Fuwei Films Ho 3.17 2.82  hold
KALU Kaiser Aluminu 103.59 11.21  str.sell
CMT Core Molding T 19.29 12.14  sell
ZAGG ZAGG 15.45 15.69  hold
MLI Mueller Indust 26.89 24.72  sell
BERY Berry Global G 54.63 68.63  hold

COMPANY NEWS

▶ Tredegar reports 4Q loss   [Feb-22-18 05:03AM  Associated Press]
▶ Tredegar Reports Fourth-Quarter and Full Year 2017 Results   [Feb-21-18 06:01PM  Business Wire]
▶ Tredegar Board Declares Dividend   [Feb-20-18 04:19PM  Business Wire]
▶ ETFs with exposure to Tredegar Corp. : December 1, 2017   [Dec-01-17 10:48AM  Capital Cube]
▶ 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]
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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