Intrinsic value of Univar - UNVR

Previous Close

$27.36

  Intrinsic Value

$7.28

stock screener

  Rating & Target

str. sell

-73%

  Value-price divergence*

-35%

Previous close

$27.36

 
Intrinsic value

$7.28

 
Up/down potential

-73%

 
Rating

str. sell

 
Value-price divergence*

-35%

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

We calculate the intrinsic value of UNVR 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 3.8

 

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, %
  -10.11
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  8,074
  8,235
  8,425
  8,641
  8,884
  9,154
  9,449
  9,771
  10,120
  10,495
  10,898
  11,329
  11,788
  12,278
  12,798
  13,350
  13,935
  14,554
  15,209
  15,901
  16,632
  17,403
  18,216
  19,073
  19,976
  20,927
  21,928
  22,982
  24,091
  25,258
  26,485
Variable operating expenses, $m
 
  6,692
  6,842
  7,013
  7,205
  7,418
  7,652
  7,906
  8,182
  8,479
  8,797
  8,960
  9,323
  9,711
  10,122
  10,559
  11,021
  11,511
  12,029
  12,576
  13,154
  13,764
  14,407
  15,085
  15,799
  16,551
  17,343
  18,177
  19,054
  19,976
  20,947
Fixed operating expenses, $m
 
  1,498
  1,535
  1,573
  1,613
  1,653
  1,694
  1,737
  1,780
  1,825
  1,870
  1,917
  1,965
  2,014
  2,064
  2,116
  2,169
  2,223
  2,279
  2,336
  2,394
  2,454
  2,515
  2,578
  2,643
  2,709
  2,776
  2,846
  2,917
  2,990
  3,065
Total operating expenses, $m
  7,987
  8,190
  8,377
  8,586
  8,818
  9,071
  9,346
  9,643
  9,962
  10,304
  10,667
  10,877
  11,288
  11,725
  12,186
  12,675
  13,190
  13,734
  14,308
  14,912
  15,548
  16,218
  16,922
  17,663
  18,442
  19,260
  20,119
  21,023
  21,971
  22,966
  24,012
Operating income, $m
  86
  46
  48
  55
  67
  83
  103
  128
  157
  191
  230
  452
  500
  553
  612
  675
  745
  820
  902
  989
  1,084
  1,185
  1,294
  1,410
  1,534
  1,667
  1,809
  1,960
  2,120
  2,291
  2,473
EBITDA, $m
  324
  335
  340
  350
  365
  384
  409
  438
  472
  511
  555
  604
  659
  718
  784
  855
  932
  1,016
  1,106
  1,203
  1,307
  1,419
  1,539
  1,667
  1,803
  1,949
  2,104
  2,269
  2,445
  2,631
  2,830
Interest expense (income), $m
  149
  143
  147
  152
  158
  165
  172
  181
  189
  199
  209
  220
  232
  245
  258
  272
  287
  304
  320
  338
  357
  377
  399
  421
  444
  469
  495
  523
  551
  582
  614
Earnings before tax, $m
  -80
  -97
  -99
  -97
  -92
  -82
  -69
  -53
  -32
  -7
  21
  232
  268
  309
  354
  403
  457
  517
  581
  651
  726
  808
  895
  989
  1,090
  1,198
  1,314
  1,437
  1,569
  1,710
  1,860
Tax expense, $m
  -12
  0
  0
  0
  0
  0
  0
  0
  0
  0
  6
  63
  72
  83
  95
  109
  124
  140
  157
  176
  196
  218
  242
  267
  294
  323
  355
  388
  424
  462
  502
Net income, $m
  -68
  -97
  -99
  -97
  -92
  -82
  -69
  -53
  -32
  -7
  15
  169
  196
  225
  258
  294
  334
  377
  424
  475
  530
  590
  653
  722
  796
  875
  959
  1,049
  1,145
  1,248
  1,357

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  336
  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
  5,390
  5,432
  5,557
  5,700
  5,860
  6,038
  6,233
  6,445
  6,675
  6,923
  7,188
  7,473
  7,776
  8,099
  8,442
  8,806
  9,192
  9,601
  10,033
  10,489
  10,971
  11,480
  12,016
  12,581
  13,177
  13,804
  14,464
  15,160
  15,891
  16,661
  17,470
Adjusted assets (=assets-cash), $m
  5,054
  5,432
  5,557
  5,700
  5,860
  6,038
  6,233
  6,445
  6,675
  6,923
  7,188
  7,473
  7,776
  8,099
  8,442
  8,806
  9,192
  9,601
  10,033
  10,489
  10,971
  11,480
  12,016
  12,581
  13,177
  13,804
  14,464
  15,160
  15,891
  16,661
  17,470
Revenue / Adjusted assets
  1.598
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
  1.516
Average production assets, $m
  1,480
  1,507
  1,542
  1,581
  1,626
  1,675
  1,729
  1,788
  1,852
  1,921
  1,994
  2,073
  2,157
  2,247
  2,342
  2,443
  2,550
  2,663
  2,783
  2,910
  3,044
  3,185
  3,334
  3,490
  3,656
  3,830
  4,013
  4,206
  4,409
  4,622
  4,847
Working capital, $m
  838
  651
  666
  683
  702
  723
  747
  772
  799
  829
  861
  895
  931
  970
  1,011
  1,055
  1,101
  1,150
  1,202
  1,256
  1,314
  1,375
  1,439
  1,507
  1,578
  1,653
  1,732
  1,816
  1,903
  1,995
  2,092
Total debt, $m
  2,979
  3,006
  3,112
  3,233
  3,369
  3,519
  3,685
  3,865
  4,060
  4,269
  4,495
  4,736
  4,993
  5,267
  5,558
  5,867
  6,194
  6,540
  6,907
  7,294
  7,702
  8,134
  8,588
  9,068
  9,573
  10,105
  10,665
  11,254
  11,875
  12,527
  13,214
Total liabilities, $m
  4,580
  4,607
  4,713
  4,834
  4,970
  5,120
  5,286
  5,466
  5,661
  5,870
  6,096
  6,337
  6,594
  6,868
  7,159
  7,468
  7,795
  8,141
  8,508
  8,895
  9,303
  9,735
  10,189
  10,669
  11,174
  11,706
  12,266
  12,855
  13,476
  14,128
  14,815
Total equity, $m
  810
  826
  845
  866
  891
  918
  947
  980
  1,015
  1,052
  1,093
  1,136
  1,182
  1,231
  1,283
  1,339
  1,397
  1,459
  1,525
  1,594
  1,668
  1,745
  1,826
  1,912
  2,003
  2,098
  2,199
  2,304
  2,415
  2,532
  2,655
Total liabilities and equity, $m
  5,390
  5,433
  5,558
  5,700
  5,861
  6,038
  6,233
  6,446
  6,676
  6,922
  7,189
  7,473
  7,776
  8,099
  8,442
  8,807
  9,192
  9,600
  10,033
  10,489
  10,971
  11,480
  12,015
  12,581
  13,177
  13,804
  14,465
  15,159
  15,891
  16,660
  17,470
Debt-to-equity ratio
  3.678
  3.640
  3.680
  3.730
  3.780
  3.830
  3.890
  3.940
  4.000
  4.060
  4.110
  4.170
  4.220
  4.280
  4.330
  4.380
  4.430
  4.480
  4.530
  4.570
  4.620
  4.660
  4.700
  4.740
  4.780
  4.820
  4.850
  4.880
  4.920
  4.950
  4.980
Adjusted equity ratio
  0.099
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152
  0.152

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -68
  -97
  -99
  -97
  -92
  -82
  -69
  -53
  -32
  -7
  15
  169
  196
  225
  258
  294
  334
  377
  424
  475
  530
  590
  653
  722
  796
  875
  959
  1,049
  1,145
  1,248
  1,357
Depreciation, amort., depletion, $m
  238
  289
  292
  295
  298
  302
  306
  310
  315
  320
  325
  152
  159
  165
  172
  180
  188
  196
  205
  214
  224
  234
  245
  257
  269
  282
  295
  309
  324
  340
  356
Funds from operations, $m
  615
  193
  193
  197
  206
  219
  236
  257
  283
  312
  340
  321
  354
  390
  430
  474
  521
  573
  629
  689
  754
  824
  899
  979
  1,064
  1,156
  1,254
  1,358
  1,470
  1,588
  1,714
Change in working capital, $m
  165
  13
  15
  17
  19
  21
  23
  25
  28
  30
  32
  34
  36
  39
  41
  44
  46
  49
  52
  55
  58
  61
  64
  68
  71
  75
  79
  83
  88
  92
  97
Cash from operations, $m
  450
  180
  178
  180
  187
  198
  213
  232
  255
  282
  308
  287
  318
  352
  389
  430
  475
  524
  577
  634
  696
  763
  834
  911
  993
  1,081
  1,175
  1,275
  1,382
  1,496
  1,617
Maintenance CAPEX, $m
  0
  -109
  -111
  -113
  -116
  -120
  -123
  -127
  -131
  -136
  -141
  -147
  -152
  -159
  -165
  -172
  -180
  -188
  -196
  -205
  -214
  -224
  -234
  -245
  -257
  -269
  -282
  -295
  -309
  -324
  -340
New CAPEX, $m
  -90
  -28
  -35
  -40
  -44
  -49
  -54
  -59
  -64
  -69
  -74
  -79
  -84
  -90
  -95
  -101
  -107
  -113
  -120
  -127
  -134
  -141
  -149
  -157
  -165
  -174
  -183
  -193
  -203
  -214
  -225
Cash from investing activities, $m
  -136
  -137
  -146
  -153
  -160
  -169
  -177
  -186
  -195
  -205
  -215
  -226
  -236
  -249
  -260
  -273
  -287
  -301
  -316
  -332
  -348
  -365
  -383
  -402
  -422
  -443
  -465
  -488
  -512
  -538
  -565
Free cash flow, $m
  314
  43
  32
  27
  26
  29
  36
  46
  60
  78
  94
  62
  81
  104
  129
  157
  189
  223
  261
  303
  349
  398
  451
  509
  571
  638
  710
  787
  870
  958
  1,052
Issuance/(repayment) of debt, $m
  -183
  92
  106
  121
  136
  151
  165
  180
  195
  210
  225
  241
  257
  274
  291
  309
  327
  346
  366
  387
  409
  431
  455
  479
  505
  532
  560
  590
  620
  653
  686
Issuance/(repurchase) of shares, $m
  17
  112
  118
  119
  116
  109
  99
  85
  67
  45
  25
  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  
  -166
  204
  224
  240
  252
  260
  264
  265
  262
  255
  250
  241
  257
  274
  291
  309
  327
  346
  366
  387
  409
  431
  455
  479
  505
  532
  560
  590
  620
  653
  686
Total cash flow (excl. dividends), $m
  148
  248
  256
  267
  278
  289
  300
  311
  322
  333
  344
  303
  339
  377
  420
  466
  516
  570
  628
  690
  757
  829
  906
  988
  1,076
  1,170
  1,270
  1,377
  1,490
  1,611
  1,739
Retained Cash Flow (-), $m
  7
  -112
  -118
  -119
  -116
  -109
  -99
  -85
  -67
  -45
  -40
  -43
  -46
  -49
  -52
  -55
  -59
  -62
  -66
  -69
  -73
  -77
  -82
  -86
  -91
  -95
  -100
  -106
  -111
  -117
  -123
Prev. year cash balance distribution, $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 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
 
  135
  138
  148
  162
  180
  201
  226
  255
  288
  304
  260
  292
  328
  368
  411
  457
  508
  562
  621
  684
  752
  825
  903
  986
  1,075
  1,170
  1,271
  1,379
  1,494
  1,616
Discount rate, %
 
  10.80
  11.34
  11.91
  12.50
  13.13
  13.78
  14.47
  15.20
  15.96
  16.75
  17.59
  18.47
  19.40
  20.37
  21.38
  22.45
  23.58
  24.75
  25.99
  27.29
  28.66
  30.09
  31.59
  33.17
  34.83
  36.57
  38.40
  40.32
  42.34
  44.45
PV of cash for distribution, $m
 
  122
  112
  106
  101
  97
  93
  88
  82
  76
  64
  44
  38
  33
  27
  22
  18
  14
  10
  8
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  97.1
  94.3
  91.5
  89.0
  86.7
  84.8
  83.2
  82.0
  81.2
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8
  80.8

Univar Inc. distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seed, micronutrients, and horticultural products; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products. The company also provides organic, inorganic, and polymer chemistries; enzymes, surfactants, solvents, dispersants, thickeners, bleaching aides, builders, chelants, alkalis, and other chemicals for the manufacturing of cleaning products; resins, pigments, solvents, thickeners, dispersants, and other additives; and epoxy resins, polyurethanes, titanium dioxides, fumed silica, esters, plasticizers, silicones, and specialty amines. In addition, it offers thickeners, emulsifiers, sweeteners, preservatives, leavening agents, and humectants, as well as texturizer and fat replacement products that include xanthan gum, locust bean gum, cellulosics, and guar gum; acidulants; and caustic soda, hydrochloric acid, solvents, absorbents, catalysts, fuel additives, water soluble polymers, gas treating amines, and other products for mining industry. Further, the company provides surfactants, emollients, emulsifiers, rheology modifiers, active ingredients, color, preservatives, and processing aids for the personal care industry; pharmaceutical ingredients and products, such as aspirin, ascorbic acid, caffeine, and ibuprofen, as well as excipients that include phosphates, polyethylene glycols, polysorbates, methylcellulose, stearyl alcohol, and stearates. Furthermore, it offers transportation and warehousing infrastructure, and chemicals and hazardous materials handling services. It distributes its products through warehouse delivery, direct-to-consumer delivery, and ChemPoint.com, a distribution platform for specialty and fine chemicals. Univar Inc. was founded in 1924 and is headquartered in Downers Grove, Illinois.

FINANCIAL RATIOS  of  Univar (UNVR)

Valuation Ratios
P/E Ratio -55.8
Price to Sales 0.5
Price to Book 4.7
Price to Tangible Book
Price to Cash Flow 8.4
Price to Free Cash Flow 10.5
Growth Rates
Sales Growth Rate -10.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -37.9%
Cap. Spend. - 3 Yr. Gr. Rate -8.6%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 351.2%
Total Debt to Equity 367.8%
Interest Coverage 0
Management Effectiveness
Return On Assets 1.1%
Ret/ On Assets - 3 Yr. Avg. 1.7%
Return On Total Capital -1.8%
Ret/ On T. Cap. - 3 Yr. Avg. -0.6%
Return On Equity -8.4%
Return On Equity - 3 Yr. Avg. -3.8%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 21.4%
Gross Margin - 3 Yr. Avg. 20%
EBITDA Margin 3.8%
EBITDA Margin - 3 Yr. Avg. 4.2%
Operating Margin 1.1%
Oper. Margin - 3 Yr. Avg. 2%
Pre-Tax Margin -1%
Pre-Tax Margin - 3 Yr. Avg. -0.3%
Net Profit Margin -0.8%
Net Profit Margin - 3 Yr. Avg. -0.3%
Effective Tax Rate 15%
Eff/ Tax Rate - 3 Yr. Avg. 32.2%
Payout Ratio 0%

UNVR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the UNVR stock intrinsic value calculation we used $8074 million for the last fiscal year's total revenue generated by Univar. The default revenue input number comes from 2016 income statement of Univar. 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 UNVR stock valuation model: a) initial revenue growth rate of 2% 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 10.8%, whose default value for UNVR is calculated based on our internal credit rating of Univar, 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 Univar.
    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 UNVR stock the variable cost ratio is equal to 81.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1461 million in the base year in the intrinsic value calculation for UNVR 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 4.9% for Univar.

Corporate tax rate of 27% is the nominal tax rate for Univar. 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 UNVR 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 UNVR are equal to 18.3%.

Life of production assets of 13.6 years is the average useful life of capital assets used in Univar 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 UNVR is equal to 7.9%. 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 - $810 million for Univar - 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 139.287 million for Univar 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 Univar at the current share price and the inputted number of shares is $3.8 billion.

RELATED COMPANIES Price Int.Val. Rating
DOW Dow Chemical 63.86 208.93  str.buy
BAK Braskem ADR 23.55 44.31  str.buy
PPG PPG Industries 102.39 91.07  hold
ECL Ecolab 130.40 45.06  str.sell
VLO Valero Energy 64.70 2,056.36  str.buy
K Kellogg 70.20 22.32  str.sell
FMC FMC 83.46 2.73  str.sell

COMPANY NEWS

▶ Univar tops 2Q profit forecasts   [Aug-04-17 09:15PM  Associated Press]
▶ Univar, Inc. Value Analysis (NYSE:UNVR) : August 4, 2017   [Aug-03-17 11:46PM  Capital Cube]
▶ ETFs with exposure to Univar, Inc. : May 22, 2017   [May-22-17 02:17PM  Capital Cube]
▶ ETFs with exposure to Univar, Inc. : May 11, 2017   [May-11-17 05:41PM  Capital Cube]
▶ Univar misses 1Q profit forecasts   [06:11AM  Associated Press]
▶ Univar, Inc. Value Analysis (NYSE:UNVR) : May 4, 2017   [May-04-17 05:09PM  Capital Cube]
▶ Momentum Stocks Breaking Higher With Volume   [May-03-17 01:00PM  Investopedia]
▶ Brokers Love These 5 Stocks Right Now   [Apr-25-17 08:45AM  Zacks]
▶ Dow Wraps Up Construction of Freeport Ethylene Plant   [Mar-30-17 07:51AM  Investopedia]
▶ Univar Names Ian Gresham as Chief Marketing Officer   [Mar-17-17 05:20PM  PR Newswire]
▶ Univar Announces Re-pricing of Term Loan B Facility   [Jan-20-17 08:53AM  PR Newswire]
Stock chart of UNVR Financial statements of UNVR
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.