Intrinsic value of Visteon - VC

Previous Close

$113.39

  Intrinsic Value

$45.92

stock screener

  Rating & Target

str. sell

-60%

  Value-price divergence*

-121%

Previous close

$113.39

 
Intrinsic value

$45.92

 
Up/down potential

-60%

 
Rating

str. sell

 
Value-price divergence*

-121%

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

We calculate the intrinsic value of VC 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 3.6

 

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, %
  -2.59
  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
  3,161
  3,224
  3,298
  3,383
  3,478
  3,584
  3,699
  3,825
  3,962
  4,109
  4,266
  4,435
  4,615
  4,807
  5,010
  5,227
  5,456
  5,698
  5,955
  6,225
  6,511
  6,813
  7,132
  7,467
  7,821
  8,193
  8,585
  8,998
  9,432
  9,889
  10,369
Variable operating expenses, $m
 
  3,150
  3,222
  3,305
  3,398
  3,501
  3,614
  3,737
  3,870
  4,013
  4,167
  4,327
  4,502
  4,689
  4,888
  5,099
  5,322
  5,559
  5,809
  6,073
  6,352
  6,647
  6,957
  7,285
  7,630
  7,993
  8,375
  8,778
  9,201
  9,647
  10,116
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
  2,990
  3,150
  3,222
  3,305
  3,398
  3,501
  3,614
  3,737
  3,870
  4,013
  4,167
  4,327
  4,502
  4,689
  4,888
  5,099
  5,322
  5,559
  5,809
  6,073
  6,352
  6,647
  6,957
  7,285
  7,630
  7,993
  8,375
  8,778
  9,201
  9,647
  10,116
Operating income, $m
  171
  74
  76
  78
  80
  83
  86
  89
  92
  96
  100
  108
  113
  117
  122
  128
  133
  139
  145
  152
  159
  166
  174
  182
  191
  200
  210
  220
  230
  242
  253
EBITDA, $m
  255
  122
  124
  128
  131
  135
  140
  144
  149
  155
  161
  167
  174
  181
  189
  197
  206
  215
  225
  235
  246
  257
  269
  282
  295
  309
  324
  339
  356
  373
  391
Interest expense (income), $m
  14
  13
  12
  13
  15
  17
  19
  21
  24
  27
  30
  33
  36
  40
  43
  47
  52
  56
  61
  66
  71
  77
  83
  89
  96
  103
  111
  118
  126
  135
  144
Earnings before tax, $m
  161
  61
  64
  65
  65
  66
  67
  68
  68
  69
  70
  76
  77
  78
  79
  80
  82
  83
  84
  86
  88
  89
  91
  93
  95
  97
  99
  101
  104
  106
  109
Tax expense, $m
  30
  17
  17
  17
  18
  18
  18
  18
  18
  19
  19
  20
  21
  21
  21
  22
  22
  22
  23
  23
  24
  24
  25
  25
  26
  26
  27
  27
  28
  29
  29
Net income, $m
  75
  45
  47
  47
  48
  48
  49
  49
  50
  51
  51
  55
  56
  57
  58
  59
  60
  61
  62
  63
  64
  65
  66
  68
  69
  71
  72
  74
  76
  78
  80

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  878
  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
  2,373
  1,920
  1,964
  2,015
  2,072
  2,134
  2,203
  2,278
  2,360
  2,447
  2,541
  2,642
  2,749
  2,863
  2,984
  3,113
  3,249
  3,394
  3,546
  3,708
  3,878
  4,058
  4,248
  4,447
  4,658
  4,880
  5,113
  5,359
  5,617
  5,890
  6,176
Adjusted assets (=assets-cash), $m
  1,495
  1,920
  1,964
  2,015
  2,072
  2,134
  2,203
  2,278
  2,360
  2,447
  2,541
  2,642
  2,749
  2,863
  2,984
  3,113
  3,249
  3,394
  3,546
  3,708
  3,878
  4,058
  4,248
  4,447
  4,658
  4,880
  5,113
  5,359
  5,617
  5,890
  6,176
Revenue / Adjusted assets
  2.114
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
  1.679
Average production assets, $m
  420
  429
  439
  450
  463
  477
  492
  509
  527
  546
  567
  590
  614
  639
  666
  695
  726
  758
  792
  828
  866
  906
  949
  993
  1,040
  1,090
  1,142
  1,197
  1,254
  1,315
  1,379
Working capital, $m
  797
  -45
  -46
  -47
  -49
  -50
  -52
  -54
  -55
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -80
  -83
  -87
  -91
  -95
  -100
  -105
  -109
  -115
  -120
  -126
  -132
  -138
  -145
Total debt, $m
  382
  323
  363
  408
  459
  516
  578
  646
  719
  797
  882
  972
  1,069
  1,172
  1,281
  1,397
  1,519
  1,649
  1,787
  1,932
  2,085
  2,247
  2,418
  2,598
  2,787
  2,987
  3,197
  3,418
  3,651
  3,896
  4,153
Total liabilities, $m
  1,787
  1,728
  1,768
  1,813
  1,864
  1,921
  1,983
  2,051
  2,124
  2,202
  2,287
  2,377
  2,474
  2,577
  2,686
  2,802
  2,924
  3,054
  3,192
  3,337
  3,490
  3,652
  3,823
  4,003
  4,192
  4,392
  4,602
  4,823
  5,056
  5,301
  5,558
Total equity, $m
  586
  192
  196
  201
  207
  213
  220
  228
  236
  245
  254
  264
  275
  286
  298
  311
  325
  339
  355
  371
  388
  406
  425
  445
  466
  488
  511
  536
  562
  589
  618
Total liabilities and equity, $m
  2,373
  1,920
  1,964
  2,014
  2,071
  2,134
  2,203
  2,279
  2,360
  2,447
  2,541
  2,641
  2,749
  2,863
  2,984
  3,113
  3,249
  3,393
  3,547
  3,708
  3,878
  4,058
  4,248
  4,448
  4,658
  4,880
  5,113
  5,359
  5,618
  5,890
  6,176
Debt-to-equity ratio
  0.652
  1.680
  1.850
  2.030
  2.220
  2.420
  2.620
  2.830
  3.050
  3.260
  3.470
  3.680
  3.890
  4.090
  4.290
  4.490
  4.680
  4.860
  5.040
  5.210
  5.380
  5.540
  5.690
  5.840
  5.980
  6.120
  6.250
  6.380
  6.500
  6.610
  6.720
Adjusted equity ratio
  -0.173
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  75
  45
  47
  47
  48
  48
  49
  49
  50
  51
  51
  55
  56
  57
  58
  59
  60
  61
  62
  63
  64
  65
  66
  68
  69
  71
  72
  74
  76
  78
  80
Depreciation, amort., depletion, $m
  84
  47
  48
  49
  51
  52
  54
  55
  57
  59
  61
  59
  61
  64
  67
  70
  73
  76
  79
  83
  87
  91
  95
  99
  104
  109
  114
  120
  125
  132
  138
Funds from operations, $m
  10
  92
  95
  97
  98
  100
  102
  105
  107
  110
  112
  114
  117
  121
  124
  128
  132
  136
  141
  146
  151
  156
  161
  167
  173
  180
  187
  194
  201
  209
  218
Change in working capital, $m
  -110
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
Cash from operations, $m
  120
  93
  96
  98
  100
  102
  104
  106
  109
  112
  115
  117
  120
  123
  127
  131
  135
  140
  144
  149
  155
  160
  166
  172
  178
  185
  192
  200
  207
  216
  224
Maintenance CAPEX, $m
  0
  -42
  -43
  -44
  -45
  -46
  -48
  -49
  -51
  -53
  -55
  -57
  -59
  -61
  -64
  -67
  -70
  -73
  -76
  -79
  -83
  -87
  -91
  -95
  -99
  -104
  -109
  -114
  -120
  -125
  -132
New CAPEX, $m
  -75
  -9
  -10
  -11
  -13
  -14
  -15
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
  -29
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -45
  -47
  -50
  -52
  -55
  -58
  -61
  -64
Cash from investing activities, $m
  302
  -51
  -53
  -55
  -58
  -60
  -63
  -66
  -69
  -73
  -76
  -79
  -83
  -86
  -91
  -96
  -100
  -105
  -110
  -115
  -121
  -127
  -133
  -140
  -146
  -154
  -161
  -169
  -178
  -186
  -196
Free cash flow, $m
  422
  42
  43
  43
  42
  42
  41
  40
  40
  40
  39
  37
  37
  37
  36
  36
  35
  35
  35
  34
  34
  33
  33
  32
  32
  31
  31
  30
  30
  29
  29
Issuance/(repayment) of debt, $m
  -2
  -23
  40
  45
  51
  57
  62
  68
  73
  79
  85
  90
  96
  103
  109
  116
  123
  130
  137
  145
  153
  162
  171
  180
  189
  200
  210
  221
  233
  245
  258
Issuance/(repurchase) of shares, $m
  -500
  16
  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  
  -526
  -7
  40
  45
  51
  57
  62
  68
  73
  79
  85
  90
  96
  103
  109
  116
  123
  130
  137
  145
  153
  162
  171
  180
  189
  200
  210
  221
  233
  245
  258
Total cash flow (excl. dividends), $m
  -115
  36
  83
  88
  93
  98
  103
  108
  113
  118
  124
  128
  133
  139
  145
  152
  158
  165
  172
  179
  187
  195
  203
  212
  221
  231
  241
  252
  263
  274
  286
Retained Cash Flow (-), $m
  471
  -61
  -4
  -5
  -6
  -6
  -7
  -8
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
Prev. year cash balance distribution, $m
 
  455
  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
 
  429
  79
  83
  87
  92
  96
  101
  105
  110
  114
  118
  123
  128
  133
  139
  144
  150
  157
  163
  170
  177
  184
  192
  200
  209
  218
  227
  237
  247
  258
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
 
  412
  72
  72
  72
  71
  70
  68
  66
  63
  60
  56
  52
  49
  45
  41
  37
  33
  29
  25
  22
  18
  15
  13
  10
  8
  6
  5
  4
  3
  2
Current shareholders' claim on cash, %
  100
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1
  98.1

Visteon Corporation designs, engineers, and manufactures electronics products for original equipment vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities; and infotainment systems that allows vehicle occupants to connect their mobile devices to the system and safely access phone functions, listen to music, stream media and enable mobile connectivity applications. It also offers audio systems, including audio head units, amplifiers, and analog and digital radios; telematics control unit to enable secure connected car services, software updates, and data; SmartCore, an automotive-grade, integrated domain controller to enhance efficiency, and reduce power consumption and cost; and head-up displays (HUD), such as combiner HUD and windshield HUD that present critical information to the driver. Visteon Corporation was founded in 2000 and is headquartered in Van Buren Township, Michigan.

FINANCIAL RATIOS  of  Visteon (VC)

Valuation Ratios
P/E Ratio 49.9
Price to Sales 1.2
Price to Book 6.4
Price to Tangible Book
Price to Cash Flow 31.2
Price to Free Cash Flow 83.2
Growth Rates
Sales Growth Rate -2.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -59.9%
Cap. Spend. - 3 Yr. Gr. Rate -22.5%
Financial Strength
Quick Ratio 24
Current Ratio 0.1
LT Debt to Equity 59%
Total Debt to Equity 65.2%
Interest Coverage 13
Management Effectiveness
Return On Assets 2.4%
Ret/ On Assets - 3 Yr. Avg. 14.8%
Return On Total Capital 6.2%
Ret/ On T. Cap. - 3 Yr. Avg. 49.4%
Return On Equity 9.1%
Return On Equity - 3 Yr. Avg. 75.2%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 14.7%
Gross Margin - 3 Yr. Avg. 13.7%
EBITDA Margin 8.2%
EBITDA Margin - 3 Yr. Avg. 8.9%
Operating Margin 5.4%
Oper. Margin - 3 Yr. Avg. 2.3%
Pre-Tax Margin 5.1%
Pre-Tax Margin - 3 Yr. Avg. 1.9%
Net Profit Margin 2.4%
Net Profit Margin - 3 Yr. Avg. 20.5%
Effective Tax Rate 18.6%
Eff/ Tax Rate - 3 Yr. Avg. -5.6%
Payout Ratio 2314.7%

VC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VC stock intrinsic value calculation we used $3161 million for the last fiscal year's total revenue generated by Visteon. The default revenue input number comes from 2016 income statement of Visteon. 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 VC 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 4.3%, whose default value for VC is calculated based on our internal credit rating of Visteon, 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 Visteon.
    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 VC stock the variable cost ratio is equal to 97.7%.

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 VC 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 Visteon.

Corporate tax rate of 27% is the nominal tax rate for Visteon. 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 VC 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 VC are equal to 13.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Visteon 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 VC is equal to -1.4%. 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 - $586 million for Visteon - 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 32.068 million for Visteon 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 Visteon at the current share price and the inputted number of shares is $3.6 billion.

RELATED COMPANIES Price Int.Val. Rating
LEA Lear Corp. 142.06 1,109.10  str.buy
DLPH Delphi Automot 92.27 96.04  hold
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COMPANY NEWS

▶ Vista Outdoor tops Street 1Q forecasts   [Aug-10-17 11:55PM  Associated Press]
▶ Visteon tops Street 2Q forecasts   [Jul-27-17 04:20PM  Associated Press]
▶ 3 Growth Stocks for Shrewd Investors   [Jul-18-17 05:23PM  Motley Fool]
▶ [$$] Visteon's Rally Is Far From Over   [Jul-15-17 12:01AM  Barrons.com]
▶ Visteon Corp. Value Analysis (NYSE:VC) : June 15, 2017   [Jun-15-17 04:36PM  Capital Cube]
▶ Autos: Is It Really That Bad?   [May-03-17 02:09PM  Barrons.com]
▶ Visteon tops Street 1Q forecasts   [Apr-27-17 08:30AM  Associated Press]
▶ Bet on These 5 Liquid Stocks for Solid Returns   [Apr-07-17 09:49AM  Zacks]
▶ Weekly Top Insider Buys Highlight for the Week of March 31   [Apr-02-17 11:01AM  GuruFocus.com]
▶ 5 Top Liquid Stocks for a Winning Portfolio   [Mar-23-17 08:22AM  Zacks]
▶ Connected Car Deal Talk Turns to Visteon   [Mar-21-17 09:09AM  TheStreet.com]
▶ Mobileye & Intel: Bad News for Delphi?   [Mar-13-17 12:01PM  at Barrons.com]
▶ [$$] Visteon Rally Could Kick Into High Gear   [Mar-11-17 12:34AM  at Barrons.com]
▶ Visteon Seeks to Amend and Extend Credit Facilities   [Mar-07-17 07:52PM  PR Newswire]
▶ Is Visteon Corp (VC) A Good Stock To Buy?   [01:42PM  at Insider Monkey]
Stock chart of VC Financial statements of VC
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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