Intrinsic value of Web.com Group - WEB

Previous Close

$22.60

  Intrinsic Value

$21.15

stock screener

  Rating & Target

hold

-6%

Previous close

$22.60

 
Intrinsic value

$21.15

 
Up/down potential

-6%

 
Rating

hold

We calculate the intrinsic value of WEB 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 1.2

 

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, %
  30.94
  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
  711
  725
  742
  761
  782
  806
  832
  860
  891
  924
  960
  998
  1,038
  1,081
  1,127
  1,176
  1,227
  1,282
  1,339
  1,400
  1,465
  1,533
  1,604
  1,680
  1,759
  1,843
  1,931
  2,024
  2,121
  2,224
  2,332
Variable operating expenses, $m
 
  642
  654
  669
  685
  703
  723
  745
  768
  794
  821
  763
  793
  826
  861
  899
  938
  980
  1,024
  1,070
  1,119
  1,171
  1,226
  1,284
  1,345
  1,409
  1,476
  1,547
  1,622
  1,700
  1,783
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
  666
  642
  654
  669
  685
  703
  723
  745
  768
  794
  821
  763
  793
  826
  861
  899
  938
  980
  1,024
  1,070
  1,119
  1,171
  1,226
  1,284
  1,345
  1,409
  1,476
  1,547
  1,622
  1,700
  1,783
Operating income, $m
  45
  84
  88
  92
  97
  103
  109
  116
  123
  131
  139
  235
  245
  255
  266
  277
  289
  302
  316
  330
  345
  361
  378
  396
  415
  434
  455
  477
  500
  524
  550
EBITDA, $m
  123
  199
  204
  209
  215
  221
  228
  236
  245
  254
  263
  274
  285
  297
  309
  323
  337
  352
  368
  384
  402
  421
  440
  461
  483
  506
  530
  555
  582
  610
  640
Interest expense (income), $m
  16
  23
  24
  25
  26
  27
  29
  30
  32
  34
  36
  38
  40
  43
  46
  48
  52
  55
  58
  62
  65
  69
  74
  78
  83
  88
  93
  98
  104
  110
  117
Earnings before tax, $m
  14
  61
  64
  68
  71
  76
  80
  85
  91
  97
  103
  197
  204
  212
  220
  229
  238
  247
  258
  268
  280
  292
  304
  318
  332
  346
  362
  378
  396
  414
  433
Tax expense, $m
  10
  16
  17
  18
  19
  20
  22
  23
  25
  26
  28
  53
  55
  57
  59
  62
  64
  67
  70
  72
  76
  79
  82
  86
  90
  94
  98
  102
  107
  112
  117
Net income, $m
  4
  45
  47
  49
  52
  55
  59
  62
  66
  71
  75
  144
  149
  155
  161
  167
  173
  181
  188
  196
  204
  213
  222
  232
  242
  253
  264
  276
  289
  302
  316

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  20
  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
  1,514
  1,524
  1,559
  1,599
  1,644
  1,693
  1,748
  1,808
  1,872
  1,942
  2,016
  2,096
  2,181
  2,271
  2,368
  2,470
  2,578
  2,693
  2,814
  2,942
  3,077
  3,220
  3,370
  3,529
  3,696
  3,871
  4,057
  4,252
  4,457
  4,673
  4,900
Adjusted assets (=assets-cash), $m
  1,494
  1,524
  1,559
  1,599
  1,644
  1,693
  1,748
  1,808
  1,872
  1,942
  2,016
  2,096
  2,181
  2,271
  2,368
  2,470
  2,578
  2,693
  2,814
  2,942
  3,077
  3,220
  3,370
  3,529
  3,696
  3,871
  4,057
  4,252
  4,457
  4,673
  4,900
Revenue / Adjusted assets
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
  0.476
Average production assets, $m
  414
  422
  432
  443
  455
  469
  484
  501
  519
  538
  559
  581
  604
  629
  656
  684
  714
  746
  779
  815
  852
  892
  934
  978
  1,024
  1,073
  1,124
  1,178
  1,235
  1,294
  1,357
Working capital, $m
  -210
  -218
  -223
  -228
  -235
  -242
  -250
  -258
  -267
  -277
  -288
  -299
  -311
  -324
  -338
  -353
  -368
  -385
  -402
  -420
  -439
  -460
  -481
  -504
  -528
  -553
  -579
  -607
  -636
  -667
  -700
Total debt, $m
  664
  672
  702
  736
  774
  816
  862
  912
  967
  1,026
  1,089
  1,156
  1,228
  1,304
  1,386
  1,472
  1,563
  1,660
  1,763
  1,871
  1,985
  2,106
  2,233
  2,367
  2,508
  2,656
  2,813
  2,978
  3,151
  3,333
  3,525
Total liabilities, $m
  1,278
  1,287
  1,317
  1,351
  1,389
  1,431
  1,477
  1,527
  1,582
  1,641
  1,704
  1,771
  1,843
  1,919
  2,001
  2,087
  2,178
  2,275
  2,378
  2,486
  2,600
  2,721
  2,848
  2,982
  3,123
  3,271
  3,428
  3,593
  3,766
  3,948
  4,140
Total equity, $m
  235
  236
  242
  248
  255
  262
  271
  280
  290
  301
  312
  325
  338
  352
  367
  383
  400
  417
  436
  456
  477
  499
  522
  547
  573
  600
  629
  659
  691
  724
  759
Total liabilities and equity, $m
  1,513
  1,523
  1,559
  1,599
  1,644
  1,693
  1,748
  1,807
  1,872
  1,942
  2,016
  2,096
  2,181
  2,271
  2,368
  2,470
  2,578
  2,692
  2,814
  2,942
  3,077
  3,220
  3,370
  3,529
  3,696
  3,871
  4,057
  4,252
  4,457
  4,672
  4,899
Debt-to-equity ratio
  2.826
  2.850
  2.910
  2.970
  3.040
  3.110
  3.180
  3.260
  3.330
  3.410
  3.480
  3.560
  3.630
  3.700
  3.780
  3.850
  3.910
  3.980
  4.040
  4.100
  4.160
  4.220
  4.270
  4.330
  4.380
  4.430
  4.470
  4.520
  4.560
  4.600
  4.640
Adjusted equity ratio
  0.144
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155
  0.155

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  4
  45
  47
  49
  52
  55
  59
  62
  66
  71
  75
  144
  149
  155
  161
  167
  173
  181
  188
  196
  204
  213
  222
  232
  242
  253
  264
  276
  289
  302
  316
Depreciation, amort., depletion, $m
  78
  115
  116
  117
  118
  118
  119
  121
  122
  123
  124
  39
  40
  42
  44
  46
  48
  50
  52
  54
  57
  59
  62
  65
  68
  72
  75
  79
  82
  86
  90
Funds from operations, $m
  122
  160
  163
  166
  170
  174
  178
  183
  188
  194
  200
  182
  189
  197
  204
  212
  221
  230
  240
  250
  261
  272
  284
  297
  310
  324
  339
  355
  371
  388
  407
Change in working capital, $m
  -6
  -4
  -5
  -6
  -6
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -26
  -28
  -29
  -31
  -32
Cash from operations, $m
  128
  164
  168
  172
  176
  181
  186
  191
  197
  204
  210
  194
  201
  209
  218
  227
  237
  247
  257
  268
  280
  293
  306
  320
  334
  350
  366
  383
  400
  419
  439
Maintenance CAPEX, $m
  0
  -28
  -28
  -29
  -30
  -30
  -31
  -32
  -33
  -35
  -36
  -37
  -39
  -40
  -42
  -44
  -46
  -48
  -50
  -52
  -54
  -57
  -59
  -62
  -65
  -68
  -72
  -75
  -79
  -82
  -86
New CAPEX, $m
  -22
  -9
  -10
  -11
  -12
  -14
  -15
  -16
  -18
  -19
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -32
  -34
  -35
  -37
  -40
  -42
  -44
  -46
  -49
  -51
  -54
  -57
  -60
  -63
Cash from investing activities, $m
  -327
  -37
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -54
  -57
  -59
  -63
  -65
  -69
  -72
  -76
  -80
  -84
  -87
  -91
  -97
  -101
  -106
  -111
  -117
  -123
  -129
  -136
  -142
  -149
Free cash flow, $m
  -199
  128
  130
  132
  134
  137
  140
  143
  146
  150
  154
  135
  139
  144
  149
  155
  161
  167
  174
  181
  188
  196
  205
  214
  223
  233
  243
  254
  265
  277
  290
Issuance/(repayment) of debt, $m
  235
  25
  30
  34
  38
  42
  46
  50
  54
  59
  63
  67
  72
  77
  81
  86
  91
  97
  102
  108
  114
  121
  127
  134
  141
  149
  157
  165
  173
  182
  192
Issuance/(repurchase) of shares, $m
  -28
  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  
  201
  25
  30
  34
  38
  42
  46
  50
  54
  59
  63
  67
  72
  77
  81
  86
  91
  97
  102
  108
  114
  121
  127
  134
  141
  149
  157
  165
  173
  182
  192
Total cash flow (excl. dividends), $m
  2
  153
  160
  166
  172
  179
  186
  193
  201
  208
  217
  202
  211
  221
  231
  241
  252
  264
  276
  289
  303
  317
  332
  347
  364
  381
  399
  418
  438
  460
  482
Retained Cash Flow (-), $m
  3
  -4
  -5
  -6
  -7
  -8
  -8
  -9
  -10
  -11
  -12
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -30
  -32
  -33
  -35
Prev. year cash balance distribution, $m
 
  3
  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
 
  152
  154
  160
  165
  171
  177
  184
  191
  198
  205
  190
  198
  207
  216
  225
  236
  246
  258
  269
  282
  295
  309
  323
  338
  354
  371
  388
  407
  426
  446
Discount rate, %
 
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
 
  139
  126
  117
  107
  97
  87
  77
  67
  58
  49
  37
  30
  25
  20
  15
  12
  9
  6
  5
  3
  2
  1
  1
  1
  0
  0
  0
  0
  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

Web.com Group, Inc. provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions, including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Company offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. With the Yodle platform, the Company is able to provide its customers with an online, mobile and social presence and automates, manages and optimizes its customers' marketing activities and other consumer interactions. It offers a full suite of domain name services, including domain name registration, transfers, renewals, expiration protection and privacy services.

FINANCIAL RATIOS  of  Web.com Group (WEB)

Valuation Ratios
P/E Ratio 266.3
Price to Sales 1.5
Price to Book 4.5
Price to Tangible Book
Price to Cash Flow 8.3
Price to Free Cash Flow 10
Growth Rates
Sales Growth Rate 30.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 46.7%
Cap. Spend. - 3 Yr. Gr. Rate 8%
Financial Strength
Quick Ratio 1
Current Ratio 0.2
LT Debt to Equity 275.3%
Total Debt to Equity 282.6%
Interest Coverage 2
Management Effectiveness
Return On Assets 0.6%
Ret/ On Assets - 3 Yr. Avg. 2.3%
Return On Total Capital 0.5%
Ret/ On T. Cap. - 3 Yr. Avg. 4.1%
Return On Equity 1.7%
Return On Equity - 3 Yr. Avg. 12.8%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 68.4%
Gross Margin - 3 Yr. Avg. 66.1%
EBITDA Margin 15.2%
EBITDA Margin - 3 Yr. Avg. 17.8%
Operating Margin 6.3%
Oper. Margin - 3 Yr. Avg. 8.1%
Pre-Tax Margin 2%
Pre-Tax Margin - 3 Yr. Avg. 3.8%
Net Profit Margin 0.6%
Net Profit Margin - 3 Yr. Avg. 5%
Effective Tax Rate 71.4%
Eff/ Tax Rate - 3 Yr. Avg. 63.5%
Payout Ratio 0%

WEB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WEB stock intrinsic value calculation we used $711 million for the last fiscal year's total revenue generated by Web.com Group. The default revenue input number comes from 2016 income statement of Web.com Group. 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 WEB 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 9.9%, whose default value for WEB is calculated based on our internal credit rating of Web.com Group, 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 Web.com Group.
    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 WEB stock the variable cost ratio is equal to 88.7%.

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 WEB 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 Web.com Group.

Corporate tax rate of 27% is the nominal tax rate for Web.com Group. 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 WEB 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 WEB are equal to 58.2%.

Life of production assets of 15 years is the average useful life of capital assets used in Web.com Group 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 WEB is equal to -30%. 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 - $235 million for Web.com Group - 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 51.6 million for Web.com Group 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 Web.com Group at the current share price and the inputted number of shares is $1.2 billion.

RELATED COMPANIES Price Int.Val. Rating
GDDY GoDaddy Cl A 48.42 87.44  str.buy
EIGI Endurance Inte 8.50 4.71  sell
TCX Tucows 62.20 2,457.43  str.buy
DLX Deluxe Corp. 75.75 115.66  str.buy
WIX Wix.com 57.55 2.94  str.sell
CRM Salesforce.com 103.94 91.90  hold
IBM International 153.91 173.22  hold

COMPANY NEWS

▶ Updated: Web.com to build new global headquarters in Jax   [Nov-15-17 02:00PM  American City Business Journals]
▶ Local entrepreneurs face off in pitch competition   [Nov-10-17 11:30AM  American City Business Journals]
▶ Web.com Reports Third Quarter 2017 Financial Results   [Nov-07-17 04:05PM  GlobeNewswire]
▶ Web.com Announces Update to Conference Schedule   [Sep-11-17 10:00AM  GlobeNewswire]
▶ New Strong Sell Stocks for August 18th   [Aug-18-17 09:29AM  Zacks]
▶ Web.com revenue falls but beat targets   [Aug-04-17 11:34AM  American City Business Journals]
▶ ETFs with exposure to Web.com Group, Inc. : July 13, 2017   [Jul-13-17 04:54PM  Capital Cube]
▶ ETFs with exposure to Web.com Group, Inc. : June 27, 2017   [Jun-27-17 03:59PM  Capital Cube]
▶ 5 Stocks To Buy At The Top   [Jun-02-17 01:39PM  Zacks]
▶ Web.com Stock Rises on Reports of Buyout Talks   [May-26-17 12:00PM  TheStreet.com]
▶ Florida tech company is new anchor tenant of SkySong 4 building   [May-10-17 06:00PM  American City Business Journals]
▶ Web.com posts 1Q net income of $6.5 million   [May-04-17 06:00PM  Associated Press]
▶ ETFs with exposure to Web.com Group, Inc. : April 7, 2017   [Apr-07-17 05:46PM  Capital Cube]
▶ Web.com to Present at Roth Conference in March 2017   [Feb-24-17 10:00AM  GlobeNewswire]
▶ Correction: Earns-Web.com Group story   [Feb-10-17 04:00PM  Associated Press]
▶ Web.com Completes Donweb.com Acquisition   [Feb-01-17 08:00AM  GlobeNewswire]
▶ 4 Top Small-Cap Stocks to Buy This Winter   [Jan-23-17 09:20AM  at Motley Fool]
▶ Web.com Group Inc (WEB): Hedge Funds Are Snapping Up   [Dec-14-16 11:31AM  at Insider Monkey]
▶ Web.com Announces Agreement to Acquire Donweb.com   [Dec-12-16 04:05PM  GlobeNewswire]
▶ 5 Intriguing Additions To Cheyne Capitals Portfolio in Q3   [Dec-01-16 07:53AM  at Insider Monkey]
▶ 3 Cheap Tech Stocks You Can Buy Right Now   [11:32AM  at Motley Fool]
Financial statements of WEB
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.