Intrinsic value of Tiffany& - TIF

Previous Close

$94.83

  Intrinsic Value

$59.53

stock screener

  Rating & Target

sell

-37%

Previous close

$94.83

 
Intrinsic value

$59.53

 
Up/down potential

-37%

 
Rating

sell

We calculate the intrinsic value of TIF 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 2017), $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 11.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -2.51
  3.00
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
Revenue, $m
  4,002
  4,122
  4,254
  4,398
  4,554
  4,721
  4,902
  5,095
  5,301
  5,520
  5,753
  6,001
  6,263
  6,541
  6,835
  7,145
  7,473
  7,819
  8,184
  8,569
  8,974
  9,401
  9,850
  10,323
  10,821
  11,345
  11,896
  12,476
  13,085
  13,725
  14,399
Variable operating expenses, $m
 
  2,560
  2,642
  2,731
  2,828
  2,932
  3,044
  3,164
  3,292
  3,428
  3,573
  3,727
  3,890
  4,062
  4,244
  4,437
  4,641
  4,856
  5,082
  5,321
  5,573
  5,838
  6,117
  6,411
  6,720
  7,045
  7,387
  7,747
  8,126
  8,523
  8,942
Fixed operating expenses, $m
 
  834
  855
  877
  899
  921
  944
  968
  992
  1,017
  1,042
  1,068
  1,095
  1,122
  1,150
  1,179
  1,208
  1,239
  1,270
  1,301
  1,334
  1,367
  1,401
  1,436
  1,472
  1,509
  1,547
  1,586
  1,625
  1,666
  1,707
Total operating expenses, $m
  3,281
  3,394
  3,497
  3,608
  3,727
  3,853
  3,988
  4,132
  4,284
  4,445
  4,615
  4,795
  4,985
  5,184
  5,394
  5,616
  5,849
  6,095
  6,352
  6,622
  6,907
  7,205
  7,518
  7,847
  8,192
  8,554
  8,934
  9,333
  9,751
  10,189
  10,649
Operating income, $m
  721
  728
  757
  790
  827
  868
  914
  963
  1,017
  1,076
  1,139
  1,206
  1,279
  1,357
  1,440
  1,529
  1,624
  1,725
  1,832
  1,946
  2,067
  2,196
  2,332
  2,476
  2,629
  2,791
  2,962
  3,143
  3,334
  3,536
  3,750
EBITDA, $m
  930
  831
  863
  900
  941
  986
  1,036
  1,091
  1,150
  1,214
  1,282
  1,356
  1,436
  1,520
  1,611
  1,708
  1,811
  1,920
  2,037
  2,160
  2,292
  2,431
  2,578
  2,734
  2,900
  3,074
  3,259
  3,455
  3,661
  3,879
  4,110
Interest expense (income), $m
  41
  32
  35
  37
  39
  42
  45
  48
  51
  55
  59
  63
  67
  71
  76
  81
  86
  92
  98
  104
  111
  118
  125
  133
  141
  149
  158
  168
  178
  188
  199
Earnings before tax, $m
  677
  695
  722
  753
  788
  827
  869
  915
  966
  1,021
  1,080
  1,144
  1,212
  1,286
  1,364
  1,448
  1,538
  1,633
  1,734
  1,842
  1,957
  2,078
  2,207
  2,343
  2,488
  2,641
  2,803
  2,975
  3,156
  3,348
  3,550
Tax expense, $m
  231
  188
  195
  203
  213
  223
  235
  247
  261
  276
  292
  309
  327
  347
  368
  391
  415
  441
  468
  497
  528
  561
  596
  633
  672
  713
  757
  803
  852
  904
  959
Net income, $m
  446
  508
  527
  550
  575
  603
  634
  668
  705
  745
  788
  835
  885
  939
  996
  1,057
  1,122
  1,192
  1,266
  1,345
  1,428
  1,517
  1,611
  1,711
  1,816
  1,928
  2,046
  2,172
  2,304
  2,444
  2,592

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  986
  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
  5,098
  4,236
  4,372
  4,520
  4,680
  4,852
  5,038
  5,236
  5,448
  5,673
  5,913
  6,167
  6,437
  6,723
  7,025
  7,344
  7,681
  8,036
  8,411
  8,806
  9,223
  9,662
  10,124
  10,610
  11,122
  11,660
  12,226
  12,822
  13,448
  14,106
  14,798
Adjusted assets (=assets-cash), $m
  4,112
  4,236
  4,372
  4,520
  4,680
  4,852
  5,038
  5,236
  5,448
  5,673
  5,913
  6,167
  6,437
  6,723
  7,025
  7,344
  7,681
  8,036
  8,411
  8,806
  9,223
  9,662
  10,124
  10,610
  11,122
  11,660
  12,226
  12,822
  13,448
  14,106
  14,798
Revenue / Adjusted assets
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
  0.973
Average production assets, $m
  499
  515
  532
  550
  569
  590
  613
  637
  663
  690
  719
  750
  783
  818
  854
  893
  934
  977
  1,023
  1,071
  1,122
  1,175
  1,231
  1,290
  1,353
  1,418
  1,487
  1,559
  1,636
  1,716
  1,800
Working capital, $m
  2,941
  2,061
  2,127
  2,199
  2,277
  2,361
  2,451
  2,547
  2,650
  2,760
  2,877
  3,000
  3,132
  3,271
  3,417
  3,573
  3,737
  3,910
  4,092
  4,284
  4,487
  4,700
  4,925
  5,162
  5,411
  5,673
  5,948
  6,238
  6,542
  6,863
  7,199
Total debt, $m
  1,107
  934
  995
  1,061
  1,134
  1,211
  1,295
  1,384
  1,480
  1,582
  1,690
  1,805
  1,926
  2,055
  2,191
  2,335
  2,487
  2,647
  2,816
  2,995
  3,183
  3,380
  3,589
  3,808
  4,039
  4,282
  4,537
  4,806
  5,088
  5,385
  5,697
Total liabilities, $m
  2,084
  1,911
  1,972
  2,038
  2,111
  2,188
  2,272
  2,361
  2,457
  2,559
  2,667
  2,782
  2,903
  3,032
  3,168
  3,312
  3,464
  3,624
  3,793
  3,972
  4,160
  4,357
  4,566
  4,785
  5,016
  5,259
  5,514
  5,783
  6,065
  6,362
  6,674
Total equity, $m
  3,014
  2,326
  2,400
  2,481
  2,569
  2,664
  2,766
  2,875
  2,991
  3,115
  3,246
  3,386
  3,534
  3,691
  3,856
  4,032
  4,217
  4,412
  4,618
  4,835
  5,063
  5,304
  5,558
  5,825
  6,106
  6,401
  6,712
  7,039
  7,383
  7,744
  8,124
Total liabilities and equity, $m
  5,098
  4,237
  4,372
  4,519
  4,680
  4,852
  5,038
  5,236
  5,448
  5,674
  5,913
  6,168
  6,437
  6,723
  7,024
  7,344
  7,681
  8,036
  8,411
  8,807
  9,223
  9,661
  10,124
  10,610
  11,122
  11,660
  12,226
  12,822
  13,448
  14,106
  14,798
Debt-to-equity ratio
  0.367
  0.400
  0.410
  0.430
  0.440
  0.450
  0.470
  0.480
  0.490
  0.510
  0.520
  0.530
  0.550
  0.560
  0.570
  0.580
  0.590
  0.600
  0.610
  0.620
  0.630
  0.640
  0.650
  0.650
  0.660
  0.670
  0.680
  0.680
  0.690
  0.700
  0.700
Adjusted equity ratio
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549
  0.549

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  446
  508
  527
  550
  575
  603
  634
  668
  705
  745
  788
  835
  885
  939
  996
  1,057
  1,122
  1,192
  1,266
  1,345
  1,428
  1,517
  1,611
  1,711
  1,816
  1,928
  2,046
  2,172
  2,304
  2,444
  2,592
Depreciation, amort., depletion, $m
  209
  103
  106
  110
  114
  118
  123
  127
  133
  138
  144
  150
  157
  164
  171
  179
  187
  195
  205
  214
  224
  235
  246
  258
  271
  284
  297
  312
  327
  343
  360
Funds from operations, $m
  586
  611
  634
  660
  689
  721
  757
  796
  838
  883
  932
  985
  1,042
  1,102
  1,167
  1,236
  1,309
  1,387
  1,471
  1,559
  1,653
  1,752
  1,857
  1,969
  2,087
  2,212
  2,344
  2,484
  2,631
  2,787
  2,952
Change in working capital, $m
  -116
  60
  66
  72
  78
  84
  90
  96
  103
  110
  117
  124
  131
  139
  147
  155
  164
  173
  182
  192
  203
  213
  225
  237
  249
  262
  275
  290
  305
  320
  337
Cash from operations, $m
  702
  551
  568
  588
  611
  637
  667
  699
  735
  773
  816
  861
  910
  963
  1,020
  1,081
  1,145
  1,214
  1,288
  1,367
  1,450
  1,539
  1,633
  1,732
  1,838
  1,950
  2,068
  2,194
  2,326
  2,467
  2,615
Maintenance CAPEX, $m
  0
  -100
  -103
  -106
  -110
  -114
  -118
  -123
  -127
  -133
  -138
  -144
  -150
  -157
  -164
  -171
  -179
  -187
  -195
  -205
  -214
  -224
  -235
  -246
  -258
  -271
  -284
  -297
  -312
  -327
  -343
New CAPEX, $m
  -223
  -16
  -16
  -18
  -19
  -21
  -23
  -24
  -26
  -27
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -46
  -48
  -51
  -53
  -56
  -59
  -62
  -65
  -69
  -72
  -76
  -80
  -84
Cash from investing activities, $m
  -237
  -116
  -119
  -124
  -129
  -135
  -141
  -147
  -153
  -160
  -167
  -175
  -183
  -192
  -201
  -210
  -220
  -230
  -241
  -253
  -265
  -277
  -291
  -305
  -320
  -336
  -353
  -369
  -388
  -407
  -427
Free cash flow, $m
  465
  435
  448
  464
  482
  503
  526
  552
  582
  614
  648
  686
  728
  772
  820
  871
  926
  984
  1,047
  1,114
  1,185
  1,261
  1,341
  1,427
  1,518
  1,614
  1,716
  1,824
  1,938
  2,060
  2,188
Issuance/(repayment) of debt, $m
  9
  56
  61
  67
  72
  78
  84
  89
  95
  102
  108
  115
  122
  129
  136
  144
  152
  160
  169
  178
  188
  198
  208
  219
  231
  243
  255
  269
  282
  297
  312
Issuance/(repurchase) of shares, $m
  -168
  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  
  -164
  56
  61
  67
  72
  78
  84
  89
  95
  102
  108
  115
  122
  129
  136
  144
  152
  160
  169
  178
  188
  198
  208
  219
  231
  243
  255
  269
  282
  297
  312
Total cash flow (excl. dividends), $m
  303
  490
  509
  530
  554
  580
  610
  642
  677
  715
  757
  801
  849
  901
  956
  1,015
  1,078
  1,145
  1,216
  1,292
  1,373
  1,459
  1,550
  1,646
  1,748
  1,857
  1,971
  2,093
  2,221
  2,357
  2,500
Retained Cash Flow (-), $m
  -103
  -69
  -74
  -81
  -88
  -95
  -102
  -109
  -116
  -124
  -132
  -140
  -148
  -157
  -166
  -175
  -185
  -195
  -206
  -217
  -229
  -241
  -254
  -267
  -281
  -296
  -311
  -327
  -344
  -361
  -380
Prev. year cash balance distribution, $m
 
  757
  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
 
  1,178
  435
  449
  466
  486
  508
  533
  561
  591
  625
  662
  701
  744
  790
  840
  893
  950
  1,010
  1,075
  1,144
  1,218
  1,296
  1,379
  1,467
  1,561
  1,660
  1,766
  1,877
  1,995
  2,120
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
 
  1,130
  398
  391
  384
  376
  369
  360
  351
  340
  328
  314
  299
  283
  265
  246
  227
  207
  186
  166
  145
  126
  108
  90
  75
  61
  48
  38
  29
  22
  16
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

Tiffany & Co. is a holding company that operates through its subsidiary companies. The Company's principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company's segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. The Americas segment includes sale in Company-operated TIFFANY & CO. stores in the United States, Canada and Latin America. As of January 31, 2017, the Asia-Pacific segment included 85 Company-operated TIFFANY & CO. stores. As of January 31, 2017, the Japan segment included 55 Company-operated TIFFANY & CO. stores. The Other segment consists of non-reportable segments.

FINANCIAL RATIOS  of  Tiffany& (TIF)

Valuation Ratios
P/E Ratio 26.5
Price to Sales 3
Price to Book 3.9
Price to Tangible Book
Price to Cash Flow 16.8
Price to Free Cash Flow 24.6
Growth Rates
Sales Growth Rate -2.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -11.9%
Cap. Spend. - 3 Yr. Gr. Rate 0.2%
Financial Strength
Quick Ratio 4
Current Ratio 0
LT Debt to Equity 29.1%
Total Debt to Equity 36.7%
Interest Coverage 18
Management Effectiveness
Return On Assets 9.3%
Ret/ On Assets - 3 Yr. Avg. 9.8%
Return On Total Capital 11%
Ret/ On T. Cap. - 3 Yr. Avg. 11.7%
Return On Equity 15.1%
Return On Equity - 3 Yr. Avg. 16.2%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 62.2%
Gross Margin - 3 Yr. Avg. 60.9%
EBITDA Margin 23.2%
EBITDA Margin - 3 Yr. Avg. 23.3%
Operating Margin 18%
Oper. Margin - 3 Yr. Avg. 18.4%
Pre-Tax Margin 16.9%
Pre-Tax Margin - 3 Yr. Avg. 17.2%
Net Profit Margin 11.1%
Net Profit Margin - 3 Yr. Avg. 11.3%
Effective Tax Rate 34.1%
Eff/ Tax Rate - 3 Yr. Avg. 34.4%
Payout Ratio 49.1%

TIF stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TIF stock intrinsic value calculation we used $4002 million for the last fiscal year's total revenue generated by Tiffany&. The default revenue input number comes from 2017 income statement of Tiffany&. 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 TIF stock valuation model: a) initial revenue growth rate of 3% 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 TIF is calculated based on our internal credit rating of Tiffany&, 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 Tiffany&.
    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 TIF stock the variable cost ratio is equal to 62.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $814 million in the base year in the intrinsic value calculation for TIF 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 3.7% for Tiffany&.

Corporate tax rate of 27% is the nominal tax rate for Tiffany&. 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 TIF 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 TIF are equal to 12.5%.

Life of production assets of 2.4 years is the average useful life of capital assets used in Tiffany& 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 TIF is equal to 50%. 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 - $3014 million for Tiffany& - 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 124.498 million for Tiffany& 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 Tiffany& at the current share price and the inputted number of shares is $11.8 billion.

RELATED COMPANIES Price Int.Val. Rating
CTHR Charles&Colvar 1.11 0.40  str.sell
COTY Coty Cl A 17.05 41.76  str.buy
DGSE DGSE Cos. 1.04 0.06  str.sell
RL Ralph Lauren C 89.11 31.31  str.sell

COMPANY NEWS

▶ 3 Heirloom Stocks to Hold Forever   [Nov-18-17 11:00AM  Motley Fool]
▶ Tiffany Declares Regular Quarterly Dividend   [Nov-16-17 12:42PM  Business Wire]
▶ Is Tiffany & Co (TIF) Undervalued?   [Nov-15-17 03:17PM  Simply Wall St.]
▶ Breakfast at Tiffanys now a reality in NYC   [12:05PM  American City Business Journals]
▶ Breakfast at Tiffanys now a reality   [07:45AM  American City Business Journals]
▶ Tiffany & Co. Is Selling a $1,000 Tin Can   [Nov-09-17 03:25PM  Fortune]
▶ Tiffany's $1,000 tin can for sale   [Nov-07-17 07:35PM  Fox Business Videos]
▶ 11 Most Popular Luxury Jewelry Brands In The World   [Oct-30-17 09:52AM  Insider Monkey]
▶ Coach changes its name to Tapestry   [Oct-11-17 10:09AM  Yahoo Finance Video]
▶ What Does the Future Hold for Tiffany & Co.?   [Oct-05-17 02:16PM  Motley Fool]
▶ Weekly Top Insider Buys Highlight for the Week of Sept. 29   [Sep-30-17 09:31PM  GuruFocus.com]
▶ 7 Retail Stocks Hammered By Amazon May Be Good Buys   [Sep-29-17 05:18AM  Investopedia]
▶ Diamond Industry Doesn't Care About Your Engagement Anymore   [Sep-25-17 09:45AM  TheStreet.com]
▶ Tiffany names industry veteran Roger Farah chairman   [Sep-21-17 06:55PM  Associated Press]
▶ Tiffany Names New Chairman of the Board   [05:00PM  Business Wire]
▶ Should your portfolio be enjoying a life of luxury?   [Sep-18-17 03:49PM  CNBC Videos]
▶ The Biggest Loser: Tiffany Tumbles 4.8%   [Sep-14-17 04:35PM  Barrons.com]
▶ Why Shares of Tiffany & Co. Dropped Today   [04:28PM  Motley Fool]
▶ [$$] Tiffany's Big Stock Buyer: Former Bulgari CEO   [Sep-06-17 07:19AM  Barrons.com]
▶ Weekly Top Insider Buys Highlights   [Sep-01-17 07:56PM  GuruFocus.com]
▶ Largest Insider Trades of the Week   [03:15PM  GuruFocus.com]
▶ Unlikely retailer bucks Amazon trend, joins Tiffany with earnings beat   [Aug-31-17 07:00PM  American City Business Journals]
▶ The Hot Stock: Tiffany Jumps 4.3%   [04:27PM  Barrons.com]
▶ Best Buy shares plummet with the CEOs dire warning   [01:17PM  Yahoo Finance Video]
▶ Jackson Hole and a Solar Eclipse -- Week in Review   [Aug-25-17 07:00PM  TheStreet.com]
▶ Burger King launches Whoppercoin cryptocurrency   [01:53PM  Yahoo Finance Video]
▶ Tiffany sales jump, traffic returns to normal at Trump Tower   [11:20AM  American City Business Journals]
▶ Tiffany beats Street 2Q forecasts   [Aug-24-17 09:58PM  Associated Press]
▶ What's the Deal With Tiffany?   [01:45PM  TheStreet.com]
▶ Tiffany Tops Estimates Thanks to Millennials   [10:37AM  Bloomberg Video]
▶ And There Goes Tiffany's Stock   [09:26AM  TheStreet.com]
▶ Tiffany Still Has Polishing to Do   [08:22AM  Bloomberg]
▶ Tiffany Reports Second Quarter Results   [06:40AM  Business Wire]
▶ Tiffany Chart Shows Where to Buy on Weakness   [Aug-23-17 11:35AM  TheStreet.com]
▶ Tiffany: What to Expect for Fiscal 2Q17 Sales   [Aug-21-17 11:06AM  Market Realist]
Financial statements of TIF
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.