Intrinsic value of Virtusa - VRTU

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$29.30

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$29.30

 
Intrinsic value

$207.87

 
Up/down potential

+609%

 
Rating

str. buy

 
Value-price divergence* premium content

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

We calculate the intrinsic value of VRTU 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 0.9

 

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, %
  25.26
  43.70
  39.83
  36.35
  33.21
  30.39
  27.85
  25.57
  23.51
  21.66
  19.99
  18.49
  17.14
  15.93
  14.84
  13.85
  12.97
  12.17
  11.45
  10.81
  10.23
  9.71
  9.23
  8.81
  8.43
  8.09
  7.78
  7.50
  7.25
  7.03
  6.82
Revenue, $m
  600
  862
  1,206
  1,644
  2,190
  2,855
  3,651
  4,584
  5,661
  6,888
  8,265
  9,793
  11,472
  13,300
  15,273
  17,389
  19,644
  22,035
  24,559
  27,213
  29,996
  32,908
  35,947
  39,114
  42,411
  45,841
  49,406
  53,112
  56,963
  60,965
  65,124
Variable operating expenses, $m
 
  759
  1,053
  1,428
  1,896
  2,466
  3,147
  3,947
  4,870
  5,920
  7,100
  8,390
  9,828
  11,394
  13,084
  14,897
  16,828
  18,877
  21,039
  23,313
  25,697
  28,191
  30,794
  33,507
  36,332
  39,270
  42,325
  45,499
  48,798
  52,227
  55,790
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
  555
  759
  1,053
  1,428
  1,896
  2,466
  3,147
  3,947
  4,870
  5,920
  7,100
  8,390
  9,828
  11,394
  13,084
  14,897
  16,828
  18,877
  21,039
  23,313
  25,697
  28,191
  30,794
  33,507
  36,332
  39,270
  42,325
  45,499
  48,798
  52,227
  55,790
Operating income, $m
  45
  104
  153
  216
  294
  389
  503
  637
  791
  967
  1,165
  1,404
  1,644
  1,906
  2,189
  2,492
  2,816
  3,158
  3,520
  3,901
  4,299
  4,717
  5,152
  5,606
  6,079
  6,571
  7,082
  7,613
  8,165
  8,738
  9,334
EBITDA, $m
  61
  135
  189
  257
  343
  447
  571
  717
  886
  1,078
  1,294
  1,533
  1,796
  2,082
  2,390
  2,722
  3,075
  3,449
  3,844
  4,259
  4,695
  5,151
  5,626
  6,122
  6,638
  7,175
  7,733
  8,313
  8,916
  9,542
  10,193
Interest expense (income), $m
  0
  7
  14
  24
  37
  52
  72
  95
  122
  153
  188
  228
  272
  321
  374
  431
  492
  557
  627
  700
  776
  857
  941
  1,029
  1,121
  1,216
  1,315
  1,418
  1,525
  1,637
  1,753
Earnings before tax, $m
  58
  97
  139
  192
  257
  337
  432
  542
  670
  814
  976
  1,175
  1,372
  1,585
  1,815
  2,061
  2,324
  2,601
  2,894
  3,201
  3,523
  3,860
  4,211
  4,577
  4,958
  5,355
  5,767
  6,195
  6,639
  7,101
  7,582
Tax expense, $m
  13
  26
  37
  52
  69
  91
  117
  146
  181
  220
  264
  317
  370
  428
  490
  557
  627
  702
  781
  864
  951
  1,042
  1,137
  1,236
  1,339
  1,446
  1,557
  1,673
  1,793
  1,917
  2,047
Net income, $m
  45
  71
  101
  140
  188
  246
  315
  396
  489
  594
  713
  858
  1,002
  1,157
  1,325
  1,505
  1,696
  1,899
  2,112
  2,337
  2,572
  2,818
  3,074
  3,342
  3,620
  3,909
  4,210
  4,522
  4,847
  5,184
  5,535

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  203
  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
  980
  1,117
  1,562
  2,129
  2,836
  3,699
  4,729
  5,938
  7,334
  8,922
  10,706
  12,686
  14,860
  17,228
  19,784
  22,525
  25,446
  28,543
  31,812
  35,250
  38,856
  42,626
  46,563
  50,666
  54,937
  59,379
  63,998
  68,798
  73,786
  78,970
  84,358
Adjusted assets (=assets-cash), $m
  777
  1,117
  1,562
  2,129
  2,836
  3,699
  4,729
  5,938
  7,334
  8,922
  10,706
  12,686
  14,860
  17,228
  19,784
  22,525
  25,446
  28,543
  31,812
  35,250
  38,856
  42,626
  46,563
  50,666
  54,937
  59,379
  63,998
  68,798
  73,786
  78,970
  84,358
Revenue / Adjusted assets
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
  0.772
Average production assets, $m
  122
  175
  245
  334
  445
  580
  741
  931
  1,149
  1,398
  1,678
  1,988
  2,329
  2,700
  3,100
  3,530
  3,988
  4,473
  4,985
  5,524
  6,089
  6,680
  7,297
  7,940
  8,609
  9,306
  10,030
  10,782
  11,563
  12,376
  13,220
Working capital, $m
  388
  278
  389
  531
  707
  922
  1,179
  1,481
  1,829
  2,225
  2,670
  3,163
  3,706
  4,296
  4,933
  5,617
  6,345
  7,117
  7,932
  8,790
  9,689
  10,629
  11,611
  12,634
  13,699
  14,807
  15,958
  17,155
  18,399
  19,692
  21,035
Total debt, $m
  195
  403
  686
  1,048
  1,500
  2,050
  2,707
  3,478
  4,369
  5,382
  6,520
  7,783
  9,171
  10,681
  12,312
  14,061
  15,924
  17,900
  19,986
  22,180
  24,480
  26,886
  29,397
  32,015
  34,740
  37,574
  40,521
  43,583
  46,766
  50,073
  53,510
Total liabilities, $m
  505
  713
  996
  1,358
  1,810
  2,360
  3,017
  3,788
  4,679
  5,692
  6,830
  8,093
  9,481
  10,991
  12,622
  14,371
  16,234
  18,210
  20,296
  22,490
  24,790
  27,196
  29,707
  32,325
  35,050
  37,884
  40,831
  43,893
  47,076
  50,383
  53,820
Total equity, $m
  475
  404
  565
  771
  1,027
  1,339
  1,712
  2,149
  2,655
  3,230
  3,875
  4,592
  5,379
  6,236
  7,162
  8,154
  9,211
  10,332
  11,516
  12,761
  14,066
  15,431
  16,856
  18,341
  19,887
  21,495
  23,167
  24,905
  26,711
  28,587
  30,538
Total liabilities and equity, $m
  980
  1,117
  1,561
  2,129
  2,837
  3,699
  4,729
  5,937
  7,334
  8,922
  10,705
  12,685
  14,860
  17,227
  19,784
  22,525
  25,445
  28,542
  31,812
  35,251
  38,856
  42,627
  46,563
  50,666
  54,937
  59,379
  63,998
  68,798
  73,787
  78,970
  84,358
Debt-to-equity ratio
  0.411
  1.000
  1.210
  1.360
  1.460
  1.530
  1.580
  1.620
  1.650
  1.670
  1.680
  1.690
  1.700
  1.710
  1.720
  1.720
  1.730
  1.730
  1.740
  1.740
  1.740
  1.740
  1.740
  1.750
  1.750
  1.750
  1.750
  1.750
  1.750
  1.750
  1.750
Adjusted equity ratio
  0.350
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362
  0.362

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  45
  71
  101
  140
  188
  246
  315
  396
  489
  594
  713
  858
  1,002
  1,157
  1,325
  1,505
  1,696
  1,899
  2,112
  2,337
  2,572
  2,818
  3,074
  3,342
  3,620
  3,909
  4,210
  4,522
  4,847
  5,184
  5,535
Depreciation, amort., depletion, $m
  16
  31
  36
  42
  49
  58
  68
  80
  95
  111
  129
  129
  151
  175
  201
  229
  259
  290
  324
  359
  395
  434
  474
  516
  559
  604
  651
  700
  751
  804
  858
Funds from operations, $m
  29
  102
  137
  182
  237
  303
  383
  476
  584
  705
  842
  987
  1,153
  1,333
  1,526
  1,734
  1,955
  2,189
  2,436
  2,695
  2,967
  3,252
  3,548
  3,857
  4,179
  4,513
  4,861
  5,222
  5,598
  5,988
  6,393
Change in working capital, $m
  -17
  85
  111
  142
  176
  215
  257
  301
  348
  396
  445
  494
  542
  590
  637
  683
  728
  772
  815
  857
  899
  940
  982
  1,023
  1,065
  1,108
  1,152
  1,197
  1,244
  1,293
  1,344
Cash from operations, $m
  46
  79
  26
  40
  60
  89
  126
  175
  235
  309
  397
  494
  610
  742
  889
  1,051
  1,227
  1,417
  1,621
  1,838
  2,068
  2,311
  2,567
  2,834
  3,114
  3,405
  3,709
  4,025
  4,354
  4,695
  5,050
Maintenance CAPEX, $m
  0
  -8
  -11
  -16
  -22
  -29
  -38
  -48
  -60
  -75
  -91
  -109
  -129
  -151
  -175
  -201
  -229
  -259
  -290
  -324
  -359
  -395
  -434
  -474
  -516
  -559
  -604
  -651
  -700
  -751
  -804
New CAPEX, $m
  -13
  -54
  -70
  -89
  -111
  -135
  -161
  -189
  -219
  -249
  -280
  -310
  -341
  -371
  -401
  -430
  -458
  -485
  -512
  -539
  -565
  -591
  -617
  -643
  -669
  -696
  -724
  -752
  -782
  -812
  -844
Cash from investing activities, $m
  -218
  -62
  -81
  -105
  -133
  -164
  -199
  -237
  -279
  -324
  -371
  -419
  -470
  -522
  -576
  -631
  -687
  -744
  -802
  -863
  -924
  -986
  -1,051
  -1,117
  -1,185
  -1,255
  -1,328
  -1,403
  -1,482
  -1,563
  -1,648
Free cash flow, $m
  -172
  18
  -55
  -65
  -72
  -75
  -73
  -63
  -44
  -14
  26
  74
  140
  220
  313
  420
  540
  673
  818
  976
  1,145
  1,325
  1,516
  1,717
  1,929
  2,150
  2,381
  2,622
  2,872
  3,132
  3,402
Issuance/(repayment) of debt, $m
  200
  217
  284
  362
  451
  550
  657
  771
  891
  1,013
  1,138
  1,263
  1,388
  1,510
  1,631
  1,749
  1,864
  1,976
  2,086
  2,194
  2,300
  2,406
  2,511
  2,618
  2,725
  2,834
  2,947
  3,062
  3,182
  3,307
  3,438
Issuance/(repurchase) of shares, $m
  2
  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  
  197
  217
  284
  362
  451
  550
  657
  771
  891
  1,013
  1,138
  1,263
  1,388
  1,510
  1,631
  1,749
  1,864
  1,976
  2,086
  2,194
  2,300
  2,406
  2,511
  2,618
  2,725
  2,834
  2,947
  3,062
  3,182
  3,307
  3,438
Total cash flow (excl. dividends), $m
  24
  234
  229
  297
  379
  475
  584
  709
  847
  999
  1,165
  1,337
  1,528
  1,730
  1,944
  2,168
  2,403
  2,649
  2,904
  3,169
  3,445
  3,731
  4,027
  4,335
  4,654
  4,984
  5,328
  5,684
  6,054
  6,439
  6,839
Retained Cash Flow (-), $m
  -51
  -123
  -161
  -205
  -256
  -312
  -373
  -438
  -505
  -575
  -646
  -717
  -787
  -857
  -925
  -992
  -1,057
  -1,121
  -1,183
  -1,245
  -1,305
  -1,365
  -1,425
  -1,485
  -1,546
  -1,608
  -1,672
  -1,738
  -1,806
  -1,877
  -1,950
Prev. year cash balance distribution, $m
 
  194
  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
 
  305
  68
  92
  123
  162
  211
  271
  342
  424
  519
  621
  741
  873
  1,019
  1,176
  1,346
  1,527
  1,720
  1,925
  2,140
  2,366
  2,602
  2,850
  3,108
  3,376
  3,656
  3,946
  4,249
  4,563
  4,889
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
 
  292
  62
  80
  101
  126
  153
  183
  213
  244
  272
  295
  316
  332
  342
  345
  342
  332
  317
  296
  272
  245
  216
  187
  158
  131
  107
  85
  66
  50
  37
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

Virtusa Corporation operates as an information technology (IT) services company. It offers business and IT consulting services comprising application inventory and portfolio assessment, business/technology alignment analysis, business process optimization, and quality assurance process consulting; accelerated solution design, enterprise architecture analysis, technology roadmaps, product evaluation and selection, and business process analysis and design; and program governance and change management, program management planning, and complex program management. The company also provides technology implementation services, such as application development, package implementation and integration, software product engineering, application maintenance and support, business process management, CRM and SAP implementation, customer experience and content management, enterprise mobility, cloud computing, and social media solutions; systems consolidation and rationalization, technology migration and porting, and legacy application Web-enablement; data management, business intelligence, reporting and decision support, master data management, data integration, and big data analytics; and software quality assurance and managed testing services. In addition, it offers application outsourcing services, such as the production support, application maintenance and enhancement, and ongoing software engineering; systems and database administration, and monitoring; outsourcing of quality assurance planning; and preparation and execution of test cases, scripts, and data. Virtusa Corporation provides its services to communications and technology; banking, financial services, and insurance; and media and information industries worldwide. The company was formerly known as eRunway, Inc. and changed its name to Virtusa Corporation in April 2002. Virtusa Corporation was founded in 1996 and is headquartered in Westborough, Massachusetts.

FINANCIAL RATIOS  of  Virtusa (VRTU)

Valuation Ratios
P/E Ratio 19.2
Price to Sales 1.4
Price to Book 1.8
Price to Tangible Book
Price to Cash Flow 18.7
Price to Free Cash Flow 26.1
Growth Rates
Sales Growth Rate 25.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -13.3%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 23
Current Ratio 0.8
LT Debt to Equity 39.2%
Total Debt to Equity 41.1%
Interest Coverage 0
Management Effectiveness
Return On Assets 6.1%
Ret/ On Assets - 3 Yr. Avg. 8%
Return On Total Capital 8.2%
Ret/ On T. Cap. - 3 Yr. Avg. 9.9%
Return On Equity 10%
Return On Equity - 3 Yr. Avg. 10.5%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 35.2%
Gross Margin - 3 Yr. Avg. 36.2%
EBITDA Margin 12.3%
EBITDA Margin - 3 Yr. Avg. 13.9%
Operating Margin 7.5%
Oper. Margin - 3 Yr. Avg. 9.7%
Pre-Tax Margin 9.7%
Pre-Tax Margin - 3 Yr. Avg. 11.1%
Net Profit Margin 7.5%
Net Profit Margin - 3 Yr. Avg. 8.3%
Effective Tax Rate 22.4%
Eff/ Tax Rate - 3 Yr. Avg. 24.9%
Payout Ratio 0%

VRTU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VRTU stock intrinsic value calculation we used $600 million for the last fiscal year's total revenue generated by Virtusa. The default revenue input number comes from 2016 income statement of Virtusa. 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 VRTU stock valuation model: a) initial revenue growth rate of 43.7% 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 VRTU is calculated based on our internal credit rating of Virtusa, 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 Virtusa.
    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 VRTU stock the variable cost ratio is equal to 89%.

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 VRTU 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 Virtusa.

Corporate tax rate of 27% is the nominal tax rate for Virtusa. 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 VRTU 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 VRTU are equal to 20.3%.

Life of production assets of 15.4 years is the average useful life of capital assets used in Virtusa 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 VRTU is equal to 32.3%. 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 - $475 million for Virtusa - 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 30.197 million for Virtusa 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 Virtusa at the current share price and the inputted number of shares is $0.9 billion.


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COMPANY NEWS

▶ Hedge Funds Arent Crazy About Virtusa Corporation (VRTU) Anymore   [Dec-15-16 06:14AM  at Insider Monkey]
▶ Virtusa reports 1Q loss   [06:49AM  AP]
▶ ETFs with exposure to Virtusa Corp. : May 3, 2016   [May-03-16 02:50PM  at Capital Cube]
Stock chart of VRTU Financial statements of VRTU
Valuation of Stocks

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