Intrinsic value of Texas Roadhouse - TXRH

Previous Close

$48.83

  Intrinsic Value

$38.34

stock screener

  Rating & Target

sell

-21%

  Value-price divergence*

+85%

Previous close

$48.83

 
Intrinsic value

$38.34

 
Up/down potential

-21%

 
Rating

sell

 
Value-price divergence*

+85%

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

We calculate the intrinsic value of TXRH 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 3.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.18
  10.10
  9.59
  9.13
  8.72
  8.35
  8.01
  7.71
  7.44
  7.20
  6.98
  6.78
  6.60
  6.44
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
Revenue, $m
  1,991
  2,192
  2,402
  2,622
  2,850
  3,088
  3,336
  3,593
  3,860
  4,138
  4,426
  4,726
  5,038
  5,363
  5,700
  6,052
  6,418
  6,800
  7,198
  7,613
  8,046
  8,498
  8,970
  9,464
  9,980
  10,519
  11,084
  11,674
  12,293
  12,940
  13,618
Variable operating expenses, $m
 
  1,858
  2,035
  2,219
  2,412
  2,612
  2,821
  3,037
  3,262
  3,496
  3,739
  3,980
  4,243
  4,516
  4,801
  5,097
  5,405
  5,726
  6,061
  6,411
  6,775
  7,156
  7,554
  7,970
  8,404
  8,858
  9,334
  9,831
  10,352
  10,897
  11,468
Fixed operating expenses, $m
 
  137
  141
  144
  148
  152
  155
  159
  163
  167
  172
  176
  180
  185
  189
  194
  199
  204
  209
  214
  220
  225
  231
  236
  242
  248
  255
  261
  268
  274
  281
Total operating expenses, $m
  1,819
  1,995
  2,176
  2,363
  2,560
  2,764
  2,976
  3,196
  3,425
  3,663
  3,911
  4,156
  4,423
  4,701
  4,990
  5,291
  5,604
  5,930
  6,270
  6,625
  6,995
  7,381
  7,785
  8,206
  8,646
  9,106
  9,589
  10,092
  10,620
  11,171
  11,749
Operating income, $m
  172
  197
  227
  258
  290
  324
  359
  396
  434
  474
  516
  570
  615
  662
  711
  761
  814
  870
  927
  988
  1,051
  1,117
  1,185
  1,258
  1,333
  1,412
  1,495
  1,582
  1,673
  1,769
  1,869
EBITDA, $m
  255
  288
  326
  365
  405
  448
  492
  538
  586
  636
  688
  742
  798
  856
  917
  981
  1,047
  1,116
  1,188
  1,264
  1,342
  1,425
  1,511
  1,601
  1,695
  1,794
  1,897
  2,006
  2,119
  2,238
  2,363
Interest expense (income), $m
  1
  2
  3
  5
  7
  8
  10
  12
  14
  16
  18
  20
  23
  25
  27
  30
  33
  35
  38
  41
  44
  48
  51
  55
  58
  62
  66
  71
  75
  80
  85
Earnings before tax, $m
  172
  195
  223
  253
  284
  316
  349
  384
  420
  458
  498
  550
  593
  637
  683
  732
  782
  834
  889
  946
  1,006
  1,069
  1,134
  1,203
  1,275
  1,350
  1,429
  1,512
  1,598
  1,689
  1,784
Tax expense, $m
  51
  53
  60
  68
  77
  85
  94
  104
  114
  124
  134
  149
  160
  172
  184
  198
  211
  225
  240
  256
  272
  289
  306
  325
  344
  365
  386
  408
  431
  456
  482
Net income, $m
  116
  142
  163
  185
  207
  231
  255
  280
  307
  334
  363
  402
  433
  465
  499
  534
  571
  609
  649
  691
  735
  780
  828
  878
  931
  986
  1,043
  1,103
  1,167
  1,233
  1,303

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  113
  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
  1,180
  1,175
  1,287
  1,405
  1,527
  1,655
  1,788
  1,925
  2,069
  2,217
  2,372
  2,533
  2,700
  2,874
  3,055
  3,243
  3,440
  3,644
  3,857
  4,080
  4,312
  4,554
  4,807
  5,072
  5,348
  5,637
  5,940
  6,256
  6,588
  6,935
  7,298
Adjusted assets (=assets-cash), $m
  1,067
  1,175
  1,287
  1,405
  1,527
  1,655
  1,788
  1,925
  2,069
  2,217
  2,372
  2,533
  2,700
  2,874
  3,055
  3,243
  3,440
  3,644
  3,857
  4,080
  4,312
  4,554
  4,807
  5,072
  5,348
  5,637
  5,940
  6,256
  6,588
  6,935
  7,298
Revenue / Adjusted assets
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
  1.866
Average production assets, $m
  795
  875
  959
  1,046
  1,137
  1,232
  1,331
  1,433
  1,540
  1,651
  1,766
  1,886
  2,010
  2,140
  2,274
  2,415
  2,561
  2,713
  2,872
  3,037
  3,210
  3,391
  3,579
  3,776
  3,982
  4,197
  4,422
  4,658
  4,905
  5,163
  5,434
Working capital, $m
  -80
  -213
  -233
  -254
  -276
  -300
  -324
  -348
  -374
  -401
  -429
  -458
  -489
  -520
  -553
  -587
  -623
  -660
  -698
  -738
  -780
  -824
  -870
  -918
  -968
  -1,020
  -1,075
  -1,132
  -1,192
  -1,255
  -1,321
Total debt, $m
  53
  96
  142
  189
  239
  290
  343
  399
  457
  517
  579
  644
  711
  781
  854
  930
  1,009
  1,092
  1,177
  1,267
  1,361
  1,458
  1,560
  1,667
  1,778
  1,895
  2,017
  2,144
  2,278
  2,418
  2,564
Total liabilities, $m
  430
  473
  519
  566
  616
  667
  720
  776
  834
  894
  956
  1,021
  1,088
  1,158
  1,231
  1,307
  1,386
  1,469
  1,554
  1,644
  1,738
  1,835
  1,937
  2,044
  2,155
  2,272
  2,394
  2,521
  2,655
  2,795
  2,941
Total equity, $m
  750
  701
  769
  839
  912
  988
  1,067
  1,149
  1,235
  1,324
  1,416
  1,512
  1,612
  1,716
  1,824
  1,936
  2,053
  2,175
  2,303
  2,436
  2,574
  2,719
  2,870
  3,028
  3,193
  3,365
  3,546
  3,735
  3,933
  4,140
  4,357
Total liabilities and equity, $m
  1,180
  1,174
  1,288
  1,405
  1,528
  1,655
  1,787
  1,925
  2,069
  2,218
  2,372
  2,533
  2,700
  2,874
  3,055
  3,243
  3,439
  3,644
  3,857
  4,080
  4,312
  4,554
  4,807
  5,072
  5,348
  5,637
  5,940
  6,256
  6,588
  6,935
  7,298
Debt-to-equity ratio
  0.071
  0.140
  0.180
  0.230
  0.260
  0.290
  0.320
  0.350
  0.370
  0.390
  0.410
  0.430
  0.440
  0.460
  0.470
  0.480
  0.490
  0.500
  0.510
  0.520
  0.530
  0.540
  0.540
  0.550
  0.560
  0.560
  0.570
  0.570
  0.580
  0.580
  0.590
Adjusted equity ratio
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597
  0.597

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  116
  142
  163
  185
  207
  231
  255
  280
  307
  334
  363
  402
  433
  465
  499
  534
  571
  609
  649
  691
  735
  780
  828
  878
  931
  986
  1,043
  1,103
  1,167
  1,233
  1,303
Depreciation, amort., depletion, $m
  83
  91
  99
  107
  115
  124
  133
  142
  152
  162
  172
  171
  183
  195
  207
  220
  233
  247
  261
  276
  292
  308
  325
  343
  362
  382
  402
  423
  446
  469
  494
Funds from operations, $m
  276
  234
  262
  291
  322
  354
  388
  422
  459
  496
  535
  573
  615
  660
  706
  754
  804
  856
  910
  967
  1,026
  1,089
  1,154
  1,221
  1,293
  1,367
  1,445
  1,527
  1,613
  1,702
  1,797
Change in working capital, $m
  19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -31
  -33
  -34
  -36
  -37
  -39
  -40
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -63
  -66
Cash from operations, $m
  257
  253
  282
  313
  344
  377
  412
  447
  485
  523
  563
  602
  646
  691
  738
  788
  839
  893
  949
  1,007
  1,068
  1,132
  1,199
  1,269
  1,343
  1,419
  1,500
  1,584
  1,673
  1,765
  1,862
Maintenance CAPEX, $m
  0
  -72
  -80
  -87
  -95
  -103
  -112
  -121
  -130
  -140
  -150
  -161
  -171
  -183
  -195
  -207
  -220
  -233
  -247
  -261
  -276
  -292
  -308
  -325
  -343
  -362
  -382
  -402
  -423
  -446
  -469
New CAPEX, $m
  -165
  -80
  -84
  -88
  -91
  -95
  -99
  -103
  -107
  -111
  -115
  -120
  -124
  -129
  -135
  -140
  -146
  -152
  -159
  -166
  -173
  -180
  -188
  -197
  -206
  -215
  -225
  -236
  -247
  -258
  -271
Cash from investing activities, $m
  -165
  -152
  -164
  -175
  -186
  -198
  -211
  -224
  -237
  -251
  -265
  -281
  -295
  -312
  -330
  -347
  -366
  -385
  -406
  -427
  -449
  -472
  -496
  -522
  -549
  -577
  -607
  -638
  -670
  -704
  -740
Free cash flow, $m
  92
  101
  119
  138
  158
  179
  201
  224
  248
  272
  298
  322
  350
  379
  409
  441
  473
  508
  543
  581
  620
  660
  703
  747
  794
  842
  893
  946
  1,002
  1,061
  1,122
Issuance/(repayment) of debt, $m
  25
  43
  45
  47
  49
  51
  53
  56
  58
  60
  62
  65
  67
  70
  73
  76
  79
  82
  86
  90
  94
  98
  102
  107
  111
  117
  122
  128
  134
  140
  146
Issuance/(repurchase) of shares, $m
  -1
  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  
  13
  43
  45
  47
  49
  51
  53
  56
  58
  60
  62
  65
  67
  70
  73
  76
  79
  82
  86
  90
  94
  98
  102
  107
  111
  117
  122
  128
  134
  140
  146
Total cash flow (excl. dividends), $m
  106
  145
  164
  185
  207
  230
  254
  279
  305
  332
  361
  387
  417
  449
  482
  517
  552
  590
  629
  670
  713
  758
  805
  854
  905
  959
  1,015
  1,074
  1,136
  1,201
  1,269
Retained Cash Flow (-), $m
  -80
  -64
  -67
  -70
  -73
  -76
  -79
  -82
  -86
  -89
  -92
  -96
  -100
  -104
  -108
  -112
  -117
  -122
  -127
  -133
  -139
  -145
  -151
  -158
  -165
  -173
  -181
  -189
  -198
  -207
  -217
Prev. year cash balance distribution, $m
 
  113
  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
 
  193
  97
  115
  134
  154
  175
  197
  220
  244
  268
  291
  317
  345
  374
  404
  435
  468
  502
  537
  574
  613
  654
  696
  740
  786
  834
  885
  938
  994
  1,052
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
 
  185
  89
  100
  111
  120
  127
  133
  137
  140
  141
  138
  135
  131
  126
  119
  111
  102
  92
  83
  73
  63
  54
  46
  38
  31
  24
  19
  15
  11
  8
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

Texas Roadhouse, Inc., together with its subsidiaries, operates full-service casual dining restaurants in the United States and internationally. The company operates and franchises its restaurants under the Texas Roadhouse name. It also operates sports restaurants under the Bubba’s 33 name. In addition, the company provides supervisory and administrative services for other franchise restaurants. As of February 21, 2017, it owned and operated 520 restaurants in 49 states and 6 countries. The company was founded in 1993 and is based in Louisville, Kentucky.

FINANCIAL RATIOS  of  Texas Roadhouse (TXRH)

Valuation Ratios
P/E Ratio 29.7
Price to Sales 1.7
Price to Book 4.6
Price to Tangible Book
Price to Cash Flow 13.4
Price to Free Cash Flow 37.5
Growth Rates
Sales Growth Rate 10.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -4.6%
Cap. Spend. - 3 Yr. Gr. Rate 8.3%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 7.1%
Total Debt to Equity 7.1%
Interest Coverage 173
Management Effectiveness
Return On Assets 10.5%
Ret/ On Assets - 3 Yr. Avg. 10.1%
Return On Total Capital 15.5%
Ret/ On T. Cap. - 3 Yr. Avg. 14.4%
Return On Equity 16.3%
Return On Equity - 3 Yr. Avg. 15.4%
Asset Turnover 1.8
Profitability Ratios
Gross Margin 66.4%
Gross Margin - 3 Yr. Avg. 65.3%
EBITDA Margin 12.9%
EBITDA Margin - 3 Yr. Avg. 12.3%
Operating Margin 8.6%
Oper. Margin - 3 Yr. Avg. 8.3%
Pre-Tax Margin 8.6%
Pre-Tax Margin - 3 Yr. Avg. 8.3%
Net Profit Margin 5.8%
Net Profit Margin - 3 Yr. Avg. 5.6%
Effective Tax Rate 29.7%
Eff/ Tax Rate - 3 Yr. Avg. 29.8%
Payout Ratio 44.8%

TXRH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TXRH stock intrinsic value calculation we used $1991 million for the last fiscal year's total revenue generated by Texas Roadhouse. The default revenue input number comes from 2016 income statement of Texas Roadhouse. 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 TXRH stock valuation model: a) initial revenue growth rate of 10.1% 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 TXRH is calculated based on our internal credit rating of Texas Roadhouse, 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 Texas Roadhouse.
    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 TXRH stock the variable cost ratio is equal to 84.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $134 million in the base year in the intrinsic value calculation for TXRH 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 Texas Roadhouse.

Corporate tax rate of 27% is the nominal tax rate for Texas Roadhouse. 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 TXRH 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 TXRH are equal to 39.9%.

Life of production assets of 11 years is the average useful life of capital assets used in Texas Roadhouse 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 TXRH is equal to -9.7%. 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 - $750 million for Texas Roadhouse - 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 70.883 million for Texas Roadhouse 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 Texas Roadhouse at the current share price and the inputted number of shares is $3.5 billion.

RELATED COMPANIES Price Int.Val. Rating
BJRI BJ's Resta 31.95 44.06  buy
CHUY Chuy's Hol 20.35 15.82  sell
SAUC Diversified Re 2.12 0.56  str.sell
DENN Denny's 12.13 1.44  str.sell
BOBE Bob Evans Farm 66.90 2.50  str.sell
CBRL Cracker Barrel 150.82 129.34  hold
DAVE Famous Dave 4.05 0.74  str.sell
DRI Darden Restaur 85.30 25.54  str.sell
KONA Kona Grill 2.55 0.91  str.sell

COMPANY NEWS

▶ Highlights From Texas Roadhouse's Q2 2017 Results   [Aug-02-17 06:41PM  Motley Fool]
▶ Story Stocks from Briefing.com   [Aug-01-17 09:58AM  Briefing.com]
▶ Texas Roadhouse meets 2Q profit forecasts   [Jul-31-17 09:11PM  Associated Press]
▶ Darden Stock Hits New 52-Week High on Strong 4Q17 Earnings   [Jun-28-17 04:46PM  Market Realist]
▶ 'Road Kill' Helps Power This Restaurant Stock's Breakout   [Jun-27-17 04:09PM  Investor's Business Daily]
▶ Oracle, CarMax Upgraded; 2 Opticals Get Price-Target Hikes   [Jun-22-17 04:02PM  Investor's Business Daily]
▶ Texas Roadhouse, Inc. Announces Quarterly Dividend   [May-19-17 08:33AM  GlobeNewswire]
▶ Story Stocks from Briefing.com   [11:30AM  Briefing.com]
▶ Texas Roadhouse Sizzles With Strong Sales Growth   [May-01-17 06:54PM  Motley Fool]
▶ Texas Roadhouse tops Street 1Q forecasts   [04:18PM  Associated Press]
▶ New Strong Sell Stocks for April 20th   [Apr-20-17 08:10AM  Zacks]
▶ Compensation was down for Texas Roadhouse execs this year here's why   [Apr-10-17 01:40PM  American City Business Journals]
▶ An Appetizing Restaurant Stock For Value Investors   [Mar-24-17 12:09PM  Benzinga]
▶ Texas Roadhouse Suffers an Earnings Setback   [Feb-21-17 06:52PM  at Motley Fool]
Financial statements of TXRH
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.