Intrinsic value of Ubiquiti Networks - UBNT

Previous Close

$53.10

  Intrinsic Value

$115.63

stock screener

  Rating & Target

str. buy

+118%

  Value-price divergence*

+243%

Previous close

$53.10

 
Intrinsic value

$115.63

 
Up/down potential

+118%

 
Rating

str. buy

 
Value-price divergence*

+243%

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

We calculate the intrinsic value of UBNT 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 4.3

 

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, %
  11.74
  30.50
  27.95
  25.66
  23.59
  21.73
  20.06
  18.55
  17.20
  15.98
  14.88
  13.89
  13.00
  12.20
  11.48
  10.83
  10.25
  9.73
  9.25
  8.83
  8.44
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
Revenue, $m
  666
  869
  1,112
  1,397
  1,727
  2,102
  2,524
  2,992
  3,507
  4,067
  4,672
  5,321
  6,013
  6,747
  7,521
  8,336
  9,191
  10,084
  11,017
  11,990
  13,003
  14,056
  15,151
  16,289
  17,471
  18,700
  19,978
  21,306
  22,687
  24,124
  25,620
Variable operating expenses, $m
 
  655
  838
  1,054
  1,302
  1,585
  1,903
  2,256
  2,644
  3,066
  3,523
  4,012
  4,534
  5,087
  5,671
  6,285
  6,930
  7,604
  8,307
  9,040
  9,804
  10,598
  11,424
  12,282
  13,173
  14,100
  15,063
  16,064
  17,106
  18,189
  19,317
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
  424
  655
  838
  1,054
  1,302
  1,585
  1,903
  2,256
  2,644
  3,066
  3,523
  4,012
  4,534
  5,087
  5,671
  6,285
  6,930
  7,604
  8,307
  9,040
  9,804
  10,598
  11,424
  12,282
  13,173
  14,100
  15,063
  16,064
  17,106
  18,189
  19,317
Operating income, $m
  242
  214
  274
  344
  425
  517
  621
  736
  863
  1,000
  1,149
  1,309
  1,479
  1,660
  1,850
  2,051
  2,261
  2,481
  2,710
  2,950
  3,199
  3,458
  3,727
  4,007
  4,298
  4,600
  4,914
  5,241
  5,581
  5,934
  6,302
EBITDA, $m
  248
  216
  276
  347
  429
  522
  626
  743
  870
  1,009
  1,160
  1,321
  1,492
  1,675
  1,867
  2,069
  2,281
  2,503
  2,735
  2,976
  3,227
  3,489
  3,760
  4,043
  4,336
  4,641
  4,958
  5,288
  5,631
  5,988
  6,359
Interest expense (income), $m
  2
  7
  10
  14
  18
  23
  29
  36
  43
  51
  60
  69
  79
  90
  101
  113
  126
  139
  153
  168
  183
  198
  215
  232
  250
  268
  287
  307
  328
  349
  371
Earnings before tax, $m
  240
  207
  264
  330
  407
  494
  592
  700
  820
  950
  1,090
  1,240
  1,400
  1,570
  1,749
  1,937
  2,135
  2,342
  2,557
  2,782
  3,016
  3,259
  3,512
  3,775
  4,048
  4,332
  4,627
  4,934
  5,253
  5,585
  5,931
Tax expense, $m
  26
  56
  71
  89
  110
  133
  160
  189
  221
  256
  294
  335
  378
  424
  472
  523
  576
  632
  690
  751
  814
  880
  948
  1,019
  1,093
  1,170
  1,249
  1,332
  1,418
  1,508
  1,601
Net income, $m
  214
  151
  192
  241
  297
  361
  432
  511
  598
  693
  796
  905
  1,022
  1,146
  1,277
  1,414
  1,559
  1,709
  1,867
  2,031
  2,202
  2,379
  2,564
  2,756
  2,955
  3,163
  3,378
  3,602
  3,835
  4,077
  4,330

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  551
  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
  747
  467
  597
  750
  927
  1,129
  1,355
  1,607
  1,883
  2,184
  2,509
  2,858
  3,229
  3,623
  4,039
  4,477
  4,936
  5,416
  5,917
  6,439
  6,983
  7,549
  8,137
  8,748
  9,383
  10,043
  10,729
  11,442
  12,184
  12,956
  13,759
Adjusted assets (=assets-cash), $m
  196
  467
  597
  750
  927
  1,129
  1,355
  1,607
  1,883
  2,184
  2,509
  2,858
  3,229
  3,623
  4,039
  4,477
  4,936
  5,416
  5,917
  6,439
  6,983
  7,549
  8,137
  8,748
  9,383
  10,043
  10,729
  11,442
  12,184
  12,956
  13,759
Revenue / Adjusted assets
  3.398
  1.861
  1.863
  1.863
  1.863
  1.862
  1.863
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
  1.862
Average production assets, $m
  15
  19
  24
  31
  38
  46
  56
  66
  77
  89
  103
  117
  132
  148
  165
  183
  202
  222
  242
  264
  286
  309
  333
  358
  384
  411
  440
  469
  499
  531
  564
Working capital, $m
  637
  127
  162
  204
  252
  307
  368
  437
  512
  594
  682
  777
  878
  985
  1,098
  1,217
  1,342
  1,472
  1,609
  1,751
  1,898
  2,052
  2,212
  2,378
  2,551
  2,730
  2,917
  3,111
  3,312
  3,522
  3,741
Total debt, $m
  203
  282
  390
  517
  663
  830
  1,017
  1,225
  1,453
  1,702
  1,971
  2,259
  2,567
  2,893
  3,237
  3,598
  3,978
  4,375
  4,789
  5,221
  5,671
  6,139
  6,625
  7,131
  7,656
  8,202
  8,769
  9,359
  9,972
  10,611
  11,275
Total liabilities, $m
  307
  386
  494
  621
  767
  934
  1,121
  1,329
  1,557
  1,806
  2,075
  2,363
  2,671
  2,997
  3,341
  3,702
  4,082
  4,479
  4,893
  5,325
  5,775
  6,243
  6,729
  7,235
  7,760
  8,306
  8,873
  9,463
  10,076
  10,715
  11,379
Total equity, $m
  440
  81
  103
  130
  160
  195
  234
  278
  326
  378
  434
  494
  559
  627
  699
  775
  854
  937
  1,024
  1,114
  1,208
  1,306
  1,408
  1,513
  1,623
  1,737
  1,856
  1,980
  2,108
  2,241
  2,380
Total liabilities and equity, $m
  747
  467
  597
  751
  927
  1,129
  1,355
  1,607
  1,883
  2,184
  2,509
  2,857
  3,230
  3,624
  4,040
  4,477
  4,936
  5,416
  5,917
  6,439
  6,983
  7,549
  8,137
  8,748
  9,383
  10,043
  10,729
  11,443
  12,184
  12,956
  13,759
Debt-to-equity ratio
  0.461
  3.490
  3.770
  3.980
  4.130
  4.250
  4.340
  4.410
  4.460
  4.510
  4.540
  4.570
  4.590
  4.610
  4.630
  4.650
  4.660
  4.670
  4.680
  4.690
  4.690
  4.700
  4.710
  4.710
  4.720
  4.720
  4.720
  4.730
  4.730
  4.730
  4.740
Adjusted equity ratio
  -0.566
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173
  0.173

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  214
  151
  192
  241
  297
  361
  432
  511
  598
  693
  796
  905
  1,022
  1,146
  1,277
  1,414
  1,559
  1,709
  1,867
  2,031
  2,202
  2,379
  2,564
  2,756
  2,955
  3,163
  3,378
  3,602
  3,835
  4,077
  4,330
Depreciation, amort., depletion, $m
  6
  2
  2
  3
  4
  5
  6
  7
  8
  9
  10
  12
  13
  15
  17
  18
  20
  22
  24
  26
  29
  31
  33
  36
  38
  41
  44
  47
  50
  53
  56
Funds from operations, $m
  178
  153
  195
  244
  301
  365
  438
  518
  606
  702
  806
  917
  1,035
  1,161
  1,293
  1,433
  1,579
  1,732
  1,891
  2,057
  2,230
  2,410
  2,597
  2,792
  2,994
  3,204
  3,422
  3,649
  3,885
  4,130
  4,386
Change in working capital, $m
  -20
  30
  35
  42
  48
  55
  62
  68
  75
  82
  88
  95
  101
  107
  113
  119
  125
  130
  136
  142
  148
  154
  160
  166
  173
  179
  186
  194
  202
  210
  218
Cash from operations, $m
  198
  123
  159
  202
  253
  310
  376
  450
  531
  620
  717
  822
  934
  1,054
  1,180
  1,314
  1,454
  1,601
  1,755
  1,915
  2,082
  2,256
  2,437
  2,626
  2,821
  3,024
  3,235
  3,455
  3,683
  3,921
  4,168
Maintenance CAPEX, $m
  0
  -1
  -2
  -2
  -3
  -4
  -5
  -6
  -7
  -8
  -9
  -10
  -12
  -13
  -15
  -17
  -18
  -20
  -22
  -24
  -26
  -29
  -31
  -33
  -36
  -38
  -41
  -44
  -47
  -50
  -53
New CAPEX, $m
  -6
  -5
  -5
  -6
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -32
  -33
Cash from investing activities, $m
  -6
  -6
  -7
  -8
  -10
  -12
  -14
  -16
  -18
  -20
  -22
  -24
  -27
  -29
  -32
  -35
  -37
  -40
  -43
  -45
  -48
  -52
  -55
  -58
  -62
  -65
  -69
  -73
  -77
  -82
  -86
Free cash flow, $m
  192
  117
  152
  194
  242
  298
  362
  434
  513
  600
  695
  798
  907
  1,024
  1,148
  1,279
  1,417
  1,561
  1,712
  1,870
  2,034
  2,205
  2,382
  2,567
  2,759
  2,959
  3,166
  3,382
  3,606
  3,839
  4,082
Issuance/(repayment) of debt, $m
  106
  90
  108
  127
  146
  167
  187
  208
  229
  249
  269
  288
  307
  326
  344
  362
  380
  397
  414
  432
  450
  468
  486
  505
  525
  546
  567
  590
  613
  638
  664
Issuance/(repurchase) of shares, $m
  -192
  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  
  -87
  90
  108
  127
  146
  167
  187
  208
  229
  249
  269
  288
  307
  326
  344
  362
  380
  397
  414
  432
  450
  468
  486
  505
  525
  546
  567
  590
  613
  638
  664
Total cash flow (excl. dividends), $m
  105
  208
  260
  320
  389
  465
  549
  642
  742
  849
  964
  1,086
  1,215
  1,350
  1,492
  1,641
  1,796
  1,958
  2,126
  2,302
  2,483
  2,672
  2,869
  3,073
  3,284
  3,505
  3,734
  3,972
  4,219
  4,477
  4,746
Retained Cash Flow (-), $m
  -18
  -19
  -23
  -27
  -31
  -35
  -39
  -44
  -48
  -52
  -56
  -60
  -64
  -68
  -72
  -76
  -79
  -83
  -87
  -90
  -94
  -98
  -102
  -106
  -110
  -114
  -119
  -123
  -128
  -134
  -139
Prev. year cash balance distribution, $m
 
  378
  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
 
  567
  238
  294
  358
  430
  510
  598
  694
  797
  908
  1,026
  1,150
  1,282
  1,420
  1,565
  1,717
  1,875
  2,040
  2,211
  2,389
  2,575
  2,767
  2,967
  3,175
  3,390
  3,615
  3,848
  4,091
  4,344
  4,607
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
 
  543
  217
  256
  295
  333
  370
  404
  434
  458
  476
  487
  491
  487
  477
  460
  436
  408
  376
  340
  304
  266
  230
  194
  162
  132
  105
  83
  63
  47
  35
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

Ubiquiti Networks, Inc. develops networking technology for service providers and enterprises worldwide. The company’s service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, and machine-to-machine communication components. Its products and solutions include radios, antennas, software, communications protocols, and management tools designed to deliver carrier and enterprise class wireless broadband access and other services in the unlicensed RF spectrum. The company also provides technology platforms, such as airMAX platform, which includes proprietary protocols that contain technologies for minimizing signal noise; EdgeMAX, a disruptive software and system routing platform; AirFiber, a point-to-point radio system; and sunMAX, an end-to-end plug and play solar solution. In addition, it offers UniFi Enterprise Wi-Fi System that includes Wi-Fi certified hardware with a software based management controller; UniFi Video IP cameras for data transmission and power-over-Ethernet; UniFi Switches that deliver performance, switching, and PoE+ support for enterprise networks; and UniFi Security Gateway that extends the UniFi enterprise solutions to provide routing and network security. Further, the company provides mFi that consists of hardware sensors, power devices, and management software, which allow devices to be monitored and controlled remotely through Wi-Fi; and develops AmpliFi platform, a Wi-Fi system solution designed to serve connected home. It also offers embedded radio products; and mounting brackets, cables, and power Ethernet adapters. The company was formerly known as Pera Networks, Inc. and changed its name to Ubiquiti Networks, Inc. in 2005. Ubiquiti Networks, Inc. was incorporated in 2003 and is headquartered in San Jose, California.

FINANCIAL RATIOS  of  Ubiquiti Networks (UBNT)

Valuation Ratios
P/E Ratio 20.3
Price to Sales 6.5
Price to Book 9.9
Price to Tangible Book
Price to Cash Flow 21.9
Price to Free Cash Flow 22.6
Growth Rates
Sales Growth Rate 11.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -53.8%
Cap. Spend. - 3 Yr. Gr. Rate 3.7%
Financial Strength
Quick Ratio 50
Current Ratio 0.3
LT Debt to Equity 43.6%
Total Debt to Equity 46.1%
Interest Coverage 121
Management Effectiveness
Return On Assets 32%
Ret/ On Assets - 3 Yr. Avg. 34.3%
Return On Total Capital 36.8%
Ret/ On T. Cap. - 3 Yr. Avg. 40.3%
Return On Equity 49.7%
Return On Equity - 3 Yr. Avg. 52.5%
Asset Turnover 1
Profitability Ratios
Gross Margin 48.8%
Gross Margin - 3 Yr. Avg. 45.7%
EBITDA Margin 37.2%
EBITDA Margin - 3 Yr. Avg. 32.6%
Operating Margin 36.3%
Oper. Margin - 3 Yr. Avg. 31.7%
Pre-Tax Margin 36%
Pre-Tax Margin - 3 Yr. Avg. 31.5%
Net Profit Margin 32.1%
Net Profit Margin - 3 Yr. Avg. 28.3%
Effective Tax Rate 10.8%
Eff/ Tax Rate - 3 Yr. Avg. 10.3%
Payout Ratio 0%

UBNT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the UBNT stock intrinsic value calculation we used $666 million for the last fiscal year's total revenue generated by Ubiquiti Networks. The default revenue input number comes from 2016 income statement of Ubiquiti Networks. 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 UBNT stock valuation model: a) initial revenue growth rate of 30.5% 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 UBNT is calculated based on our internal credit rating of Ubiquiti Networks, 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 Ubiquiti Networks.
    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 UBNT stock the variable cost ratio is equal to 75.4%.

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 UBNT 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 Ubiquiti Networks.

Corporate tax rate of 27% is the nominal tax rate for Ubiquiti Networks. 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 UBNT 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 UBNT are equal to 2.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Ubiquiti Networks 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 UBNT is equal to 14.6%. 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 - $440 million for Ubiquiti Networks - 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 81.67 million for Ubiquiti Networks 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 Ubiquiti Networks at the current share price and the inputted number of shares is $4.3 billion.

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COMPANY NEWS

▶ 3 Top Stocks for the Second Half of 2017   [Jul-24-17 04:11PM  Motley Fool]
▶ Why Ubiquiti Networks, Inc. Stock Jumped 10.2% in June   [Jul-03-17 09:01PM  Motley Fool]
▶ 1 Stock That Reminds Me of Amazon in the Beginning   [Jun-22-17 06:04PM  Motley Fool]
▶ 3 Value Stocks for Sharp Investors   [May-31-17 04:58PM  Motley Fool]
▶ 3 Things Ubiquiti Networks Management Wants You to Know   [May-25-17 03:52PM  Motley Fool]
▶ Ubiquiti tops Street 3Q forecasts   [May-04-17 06:14PM  Associated Press]
▶ Ubiquiti Earnings Preview: What Investors Need to Know   [Apr-29-17 05:11PM  Motley Fool]
▶ Did Ubiquiti's Slide Create Value Opportunity?   [Apr-13-17 11:22PM  Investopedia]
▶ Stocks To Watch In Market Weakness   [01:49PM  Benzinga]
▶ Harry Boxers four stocks to watch   [12:51PM  MarketWatch]
▶ Ericsson to Power Sasktel's Next Generation IPTV Service   [Mar-30-17 09:28AM  Investopedia]
▶ 1 Number Ubiquiti Networks Investors Are Worrying About   [Feb-28-17 11:10AM  Motley Fool]
▶ 5 Things Ubiquiti Networks Management Wants You to Know   [Feb-26-17 06:23PM  Motley Fool]
▶ 3 Charts That Show Ubiquiti Networks Is Poised for Growth   [Feb-15-17 03:43PM  at Motley Fool]
▶ Ubiquiti Networks Falls Short on Margin Headwinds   [Feb-10-17 06:19PM  at Motley Fool]
▶ Ubiquiti misses 2Q profit forecasts   [Feb-09-17 04:39PM  AP]
▶ Can Ubiquitis Run Continue in 2017?   [Feb-07-17 05:11PM  at Motley Fool]
▶ Why Ubiquiti Networks Inc. Stock Skyrocketed 81.1% in 2016   [Jan-09-17 12:38PM  at Motley Fool]
▶ [$$] Facebook for Stockpickers   [Dec-24-16 12:01AM  at Barrons.com]
▶ NetGear, Ubiquiti Lead 'Mesh' Charge, Says Raymond James   [Dec-12-16 03:37PM  at Barrons.com]
▶ Ubiquiti Networks Inc (UBNT): Hedge Funds Are Snapping Up   [Dec-06-16 06:21AM  at Insider Monkey]
▶ Is Urban Outfitters, Inc. (URBN) A Good Stock To Buy Now?   [Nov-27-16 07:21PM  at Insider Monkey]
Stock chart of UBNT Financial statements of UBNT Annual reports of UBNT
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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