Intrinsic value of VWR - VWR

Previous Close

$32.96

  Intrinsic Value

$23.32

stock screener

  Rating & Target

sell

-29%

  Value-price divergence*

+4%

Previous close

$32.96

 
Intrinsic value

$23.32

 
Up/down potential

-29%

 
Rating

sell

 
Value-price divergence*

+4%

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

We calculate the intrinsic value of VWR 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, %
  4.51
  3.70
  3.83
  3.95
  4.05
  4.15
  4.23
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
  4.92
  4.93
  4.94
Revenue, $m
  4,514
  4,681
  4,860
  5,052
  5,257
  5,475
  5,707
  5,952
  6,213
  6,489
  6,781
  7,089
  7,415
  7,758
  8,120
  8,502
  8,905
  9,328
  9,775
  10,244
  10,738
  11,258
  11,805
  12,380
  12,985
  13,621
  14,289
  14,992
  15,730
  16,506
  17,321
Variable operating expenses, $m
 
  4,028
  4,175
  4,333
  4,501
  4,680
  4,870
  5,072
  5,286
  5,513
  5,752
  5,821
  6,088
  6,371
  6,668
  6,982
  7,312
  7,660
  8,026
  8,412
  8,818
  9,245
  9,694
  10,166
  10,663
  11,185
  11,734
  12,311
  12,917
  13,554
  14,223
Fixed operating expenses, $m
 
  326
  334
  342
  351
  360
  369
  378
  387
  397
  407
  417
  428
  438
  449
  461
  472
  484
  496
  508
  521
  534
  547
  561
  575
  590
  604
  619
  635
  651
  667
Total operating expenses, $m
  4,199
  4,354
  4,509
  4,675
  4,852
  5,040
  5,239
  5,450
  5,673
  5,910
  6,159
  6,238
  6,516
  6,809
  7,117
  7,443
  7,784
  8,144
  8,522
  8,920
  9,339
  9,779
  10,241
  10,727
  11,238
  11,775
  12,338
  12,930
  13,552
  14,205
  14,890
Operating income, $m
  315
  327
  351
  377
  405
  435
  467
  502
  539
  579
  621
  851
  898
  949
  1,003
  1,060
  1,121
  1,185
  1,252
  1,324
  1,399
  1,479
  1,564
  1,653
  1,747
  1,847
  1,951
  2,062
  2,178
  2,301
  2,431
EBITDA, $m
  445
  576
  602
  631
  662
  695
  731
  769
  809
  853
  899
  948
  1,001
  1,056
  1,115
  1,177
  1,243
  1,313
  1,387
  1,465
  1,548
  1,635
  1,727
  1,824
  1,926
  2,034
  2,148
  2,269
  2,395
  2,529
  2,670
Interest expense (income), $m
  79
  72
  76
  81
  86
  91
  97
  104
  110
  117
  125
  132
  141
  149
  159
  168
  179
  189
  201
  213
  225
  239
  253
  267
  283
  299
  316
  334
  353
  373
  394
Earnings before tax, $m
  234
  255
  275
  296
  319
  344
  370
  399
  429
  462
  497
  718
  758
  800
  844
  892
  942
  995
  1,051
  1,111
  1,174
  1,241
  1,311
  1,386
  1,464
  1,547
  1,635
  1,728
  1,825
  1,928
  2,037
Tax expense, $m
  86
  69
  74
  80
  86
  93
  100
  108
  116
  125
  134
  194
  205
  216
  228
  241
  254
  269
  284
  300
  317
  335
  354
  374
  395
  418
  441
  466
  493
  521
  550
Net income, $m
  148
  186
  201
  216
  233
  251
  270
  291
  313
  337
  363
  524
  553
  584
  616
  651
  688
  726
  767
  811
  857
  906
  957
  1,012
  1,069
  1,130
  1,194
  1,261
  1,333
  1,408
  1,487

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  169
  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
  4,963
  4,969
  5,160
  5,363
  5,581
  5,812
  6,058
  6,319
  6,596
  6,889
  7,198
  7,526
  7,871
  8,236
  8,620
  9,026
  9,453
  9,903
  10,376
  10,875
  11,400
  11,952
  12,532
  13,143
  13,785
  14,460
  15,169
  15,915
  16,699
  17,522
  18,388
Adjusted assets (=assets-cash), $m
  4,794
  4,969
  5,160
  5,363
  5,581
  5,812
  6,058
  6,319
  6,596
  6,889
  7,198
  7,526
  7,871
  8,236
  8,620
  9,026
  9,453
  9,903
  10,376
  10,875
  11,400
  11,952
  12,532
  13,143
  13,785
  14,460
  15,169
  15,915
  16,699
  17,522
  18,388
Revenue / Adjusted assets
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
Average production assets, $m
  1,673
  1,737
  1,803
  1,874
  1,950
  2,031
  2,117
  2,208
  2,305
  2,407
  2,516
  2,630
  2,751
  2,878
  3,013
  3,154
  3,304
  3,461
  3,626
  3,801
  3,984
  4,177
  4,380
  4,593
  4,818
  5,053
  5,301
  5,562
  5,836
  6,124
  6,426
Working capital, $m
  366
  492
  510
  530
  552
  575
  599
  625
  652
  681
  712
  744
  779
  815
  853
  893
  935
  979
  1,026
  1,076
  1,128
  1,182
  1,240
  1,300
  1,363
  1,430
  1,500
  1,574
  1,652
  1,733
  1,819
Total debt, $m
  2,102
  2,054
  2,184
  2,323
  2,472
  2,630
  2,799
  2,977
  3,166
  3,367
  3,579
  3,802
  4,039
  4,288
  4,551
  4,829
  5,121
  5,428
  5,752
  6,093
  6,452
  6,830
  7,227
  7,645
  8,084
  8,545
  9,031
  9,541
  10,077
  10,640
  11,232
Total liabilities, $m
  3,447
  3,399
  3,529
  3,668
  3,817
  3,975
  4,144
  4,322
  4,511
  4,712
  4,924
  5,147
  5,384
  5,633
  5,896
  6,174
  6,466
  6,773
  7,097
  7,438
  7,797
  8,175
  8,572
  8,990
  9,429
  9,890
  10,376
  10,886
  11,422
  11,985
  12,577
Total equity, $m
  1,516
  1,570
  1,630
  1,695
  1,763
  1,837
  1,914
  1,997
  2,084
  2,177
  2,275
  2,378
  2,487
  2,603
  2,724
  2,852
  2,987
  3,129
  3,279
  3,436
  3,602
  3,777
  3,960
  4,153
  4,356
  4,569
  4,793
  5,029
  5,277
  5,537
  5,810
Total liabilities and equity, $m
  4,963
  4,969
  5,159
  5,363
  5,580
  5,812
  6,058
  6,319
  6,595
  6,889
  7,199
  7,525
  7,871
  8,236
  8,620
  9,026
  9,453
  9,902
  10,376
  10,874
  11,399
  11,952
  12,532
  13,143
  13,785
  14,459
  15,169
  15,915
  16,699
  17,522
  18,387
Debt-to-equity ratio
  1.387
  1.310
  1.340
  1.370
  1.400
  1.430
  1.460
  1.490
  1.520
  1.550
  1.570
  1.600
  1.620
  1.650
  1.670
  1.690
  1.710
  1.730
  1.750
  1.770
  1.790
  1.810
  1.820
  1.840
  1.860
  1.870
  1.880
  1.900
  1.910
  1.920
  1.930
Adjusted equity ratio
  0.287
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316
  0.316

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  148
  186
  201
  216
  233
  251
  270
  291
  313
  337
  363
  524
  553
  584
  616
  651
  688
  726
  767
  811
  857
  906
  957
  1,012
  1,069
  1,130
  1,194
  1,261
  1,333
  1,408
  1,487
Depreciation, amort., depletion, $m
  130
  249
  251
  254
  257
  260
  263
  266
  270
  274
  278
  98
  102
  107
  112
  117
  123
  129
  135
  141
  148
  155
  163
  171
  179
  188
  197
  207
  217
  228
  239
Funds from operations, $m
  224
  435
  452
  470
  490
  511
  533
  558
  583
  611
  641
  622
  655
  691
  728
  768
  810
  855
  902
  952
  1,005
  1,061
  1,120
  1,182
  1,248
  1,318
  1,391
  1,468
  1,550
  1,635
  1,726
Change in working capital, $m
  -42
  18
  19
  20
  21
  23
  24
  26
  27
  29
  31
  32
  34
  36
  38
  40
  42
  44
  47
  49
  52
  55
  57
  60
  63
  67
  70
  74
  78
  81
  86
Cash from operations, $m
  266
  418
  433
  450
  468
  488
  509
  532
  556
  582
  610
  590
  621
  655
  690
  728
  768
  811
  855
  903
  953
  1,006
  1,063
  1,122
  1,185
  1,251
  1,321
  1,394
  1,472
  1,554
  1,640
Maintenance CAPEX, $m
  0
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -82
  -86
  -89
  -94
  -98
  -102
  -107
  -112
  -117
  -123
  -129
  -135
  -141
  -148
  -155
  -163
  -171
  -179
  -188
  -197
  -207
  -217
  -228
New CAPEX, $m
  -60
  -64
  -67
  -71
  -76
  -81
  -86
  -91
  -97
  -102
  -108
  -114
  -121
  -127
  -134
  -142
  -149
  -157
  -166
  -174
  -183
  -193
  -203
  -213
  -224
  -236
  -248
  -261
  -274
  -288
  -302
Cash from investing activities, $m
  -203
  -126
  -132
  -138
  -146
  -154
  -162
  -170
  -179
  -188
  -197
  -208
  -219
  -229
  -241
  -254
  -266
  -280
  -295
  -309
  -324
  -341
  -358
  -376
  -395
  -415
  -436
  -458
  -481
  -505
  -530
Free cash flow, $m
  63
  292
  302
  312
  323
  334
  347
  362
  377
  394
  412
  382
  403
  425
  449
  474
  502
  531
  561
  594
  629
  665
  704
  746
  789
  836
  885
  937
  991
  1,049
  1,110
Issuance/(repayment) of debt, $m
  -28
  121
  130
  139
  149
  158
  168
  179
  189
  200
  212
  224
  236
  249
  263
  277
  292
  308
  324
  341
  359
  378
  397
  418
  439
  462
  485
  510
  536
  563
  592
Issuance/(repurchase) of shares, $m
  5
  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  
  -27
  121
  130
  139
  149
  158
  168
  179
  189
  200
  212
  224
  236
  249
  263
  277
  292
  308
  324
  341
  359
  378
  397
  418
  439
  462
  485
  510
  536
  563
  592
Total cash flow (excl. dividends), $m
  32
  413
  432
  451
  471
  493
  516
  540
  567
  594
  624
  606
  639
  674
  712
  752
  794
  838
  885
  935
  987
  1,043
  1,102
  1,163
  1,229
  1,297
  1,370
  1,447
  1,527
  1,613
  1,702
Retained Cash Flow (-), $m
  -141
  -54
  -60
  -64
  -69
  -73
  -78
  -82
  -87
  -93
  -98
  -103
  -109
  -115
  -122
  -128
  -135
  -142
  -150
  -158
  -166
  -174
  -183
  -193
  -203
  -213
  -224
  -236
  -248
  -260
  -273
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
 
  359
  372
  387
  402
  420
  438
  458
  479
  502
  526
  502
  530
  559
  590
  624
  659
  696
  736
  777
  822
  869
  918
  970
  1,026
  1,084
  1,146
  1,211
  1,280
  1,352
  1,429
Discount rate, %
 
  8.60
  9.03
  9.48
  9.96
  10.45
  10.98
  11.52
  12.10
  12.71
  13.34
  14.01
  14.71
  15.44
  16.22
  17.03
  17.88
  18.77
  19.71
  20.70
  21.73
  22.82
  23.96
  25.16
  26.42
  27.74
  29.12
  30.58
  32.11
  33.71
  35.40
PV of cash for distribution, $m
 
  330
  313
  295
  275
  255
  234
  213
  192
  171
  150
  119
  102
  86
  72
  59
  47
  37
  29
  22
  16
  12
  8
  6
  4
  2
  1
  1
  1
  0
  0
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

VWR Corporation provides laboratory products, services, and solutions to the life science, general research, and applied markets worldwide. It operates in two segments, Americas and EMEA-APAC. The company offers chemicals, reagents, consumables, durable products, and scientific equipment and instruments. It also provides custom manufacturing solutions, including buffers, reagents, active pharmaceutical ingredients, high purity ingredients, ultra-pure acids, and other chemicals used in biopharmaceutical and industrial applications, and production processes. In addition, the company offers value-added services, under the VWRCATALYST brand; procurement, logistics, chemical and equipment tracking, and glassware autoclaving; and scientific research support services, such as DNA extraction, bioreactor servicing, compound management, and customized kit assembly. It serves biopharma, agricultural, chemical, environmental, food and beverage, healthcare, microelectronic, and petrochemical industries, as well as in the education and government sectors. The company was formerly known as VWR Investors, Inc. and changed its name to VWR Corporation in June 2014. VWR Corporation was founded in 1852 and is headquartered in Radnor, Pennsylvania.

FINANCIAL RATIOS  of  VWR (VWR)

Valuation Ratios
P/E Ratio 29.3
Price to Sales 1
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 16.3
Price to Free Cash Flow 21.1
Growth Rates
Sales Growth Rate 4.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 46.3%
Cap. Spend. - 3 Yr. Gr. Rate 5.9%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 120.3%
Total Debt to Equity 138.7%
Interest Coverage 4
Management Effectiveness
Return On Assets 4.1%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 4.1%
Ret/ On T. Cap. - 3 Yr. Avg. 4.1%
Return On Equity 10.2%
Return On Equity - 3 Yr. Avg. 11.2%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 28%
Gross Margin - 3 Yr. Avg. 28%
EBITDA Margin 9.8%
EBITDA Margin - 3 Yr. Avg. 10.8%
Operating Margin 7%
Oper. Margin - 3 Yr. Avg. 6.9%
Pre-Tax Margin 5.2%
Pre-Tax Margin - 3 Yr. Avg. 5.3%
Net Profit Margin 3.3%
Net Profit Margin - 3 Yr. Avg. 3.4%
Effective Tax Rate 36.8%
Eff/ Tax Rate - 3 Yr. Avg. 35.1%
Payout Ratio 0%

VWR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VWR stock intrinsic value calculation we used $4514 million for the last fiscal year's total revenue generated by VWR. The default revenue input number comes from 2016 income statement of VWR. 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 VWR stock valuation model: a) initial revenue growth rate of 3.7% 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 8.6%, whose default value for VWR is calculated based on our internal credit rating of VWR, 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 VWR.
    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 VWR stock the variable cost ratio is equal to 86.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $318 million in the base year in the intrinsic value calculation for VWR 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 VWR.

Corporate tax rate of 27% is the nominal tax rate for VWR. 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 VWR 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 VWR are equal to 37.1%.

Life of production assets of 26.9 years is the average useful life of capital assets used in VWR 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 VWR is equal to 10.5%. 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 - $1516 million for VWR - 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 130.998 million for VWR 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 VWR at the current share price and the inputted number of shares is $4.3 billion.

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COMPANY NEWS

▶ The VWR Foundation Approves Over $140,000 in Grants   [Aug-09-17 09:05AM  PR Newswire]
▶ VWR beats Street 2Q forecasts   [Jul-31-17 09:49PM  Associated Press]
▶ ETFs with exposure to VWR Corp. : July 25, 2017   [Jul-25-17 02:06PM  Capital Cube]
▶ ETFs with exposure to VWR Corp. : July 14, 2017   [Jul-14-17 05:33PM  Capital Cube]
▶ ETFs with exposure to VWR Corp. : June 19, 2017   [Jun-19-17 04:18PM  Capital Cube]
▶ VWR Publishes 2017 Sustainability Report   [May-23-17 09:05AM  PR Newswire]
▶ Avantor Purchases Lab Supply Co. VWR   [08:55AM  TheStreet.com]
▶ VWR tops Street 1Q forecasts   [06:17AM  Associated Press]
▶ Why VWR Corp. Is Soaring Today   [May-03-17 04:16PM  Motley Fool]
▶ VWR Corp. Value Analysis (NASDAQ:VWR) : April 17, 2017   [Apr-17-17 01:46PM  Capital Cube]
▶ VWR Acquires MESM Ltd.   [Apr-07-17 08:05AM  PR Newswire]
▶ VWR Acquires EPL Archives, Inc.   [Mar-22-17 08:05AM  PR Newswire]
▶ VWR Coordinates Donation for Village Tech Schools   [Jan-31-17 09:05AM  PR Newswire]
▶ San Antonio biotech company strikes big deal on its home turf   [Jan-18-17 04:00PM  at bizjournals.com]
▶ VWR Acquires SEASTAR CHEMICALS Inc.   [Jan-12-17 08:05AM  PR Newswire]
▶ Is VWR Corp (VWR) A Good Stock To Buy Right Now?   [Dec-10-16 04:34PM  at Insider Monkey]
▶ [$$] At Hartford Schroders It's Steady as She Goes   [Dec-03-16 12:01AM  at Barrons.com]
▶ Is QEP Resources Inc (QEP) A Good Stock To Buy?   [Dec-01-16 07:01AM  at Insider Monkey]
Stock chart of VWR Financial statements of VWR
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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