Intrinsic value of Encore Wire - WIRE

Previous Close

$43.10

  Intrinsic Value

$120.27

stock screener

  Rating & Target

str. buy

+179%

  Value-price divergence*

+935%

Previous close

$43.10

 
Intrinsic value

$120.27

 
Up/down potential

+179%

 
Rating

str. buy

 
Value-price divergence*

+935%

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

We calculate the intrinsic value of WIRE 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, %
  -7.56
  22.20
  20.48
  18.93
  17.54
  16.28
  15.16
  14.14
  13.23
  12.40
  11.66
  11.00
  10.40
  9.86
  9.37
  8.93
  8.54
  8.19
  7.87
  7.58
  7.32
  7.09
  6.88
  6.69
  6.52
  6.37
  6.23
  6.11
  6.00
  5.90
  5.81
Revenue, $m
  941
  1,150
  1,385
  1,648
  1,937
  2,252
  2,593
  2,960
  3,352
  3,767
  4,207
  4,669
  5,155
  5,663
  6,194
  6,747
  7,324
  7,923
  8,547
  9,195
  9,868
  10,568
  11,295
  12,051
  12,837
  13,655
  14,507
  15,393
  16,317
  17,279
  18,283
Variable operating expenses, $m
 
  821
  989
  1,176
  1,383
  1,608
  1,852
  2,114
  2,393
  2,690
  3,004
  3,334
  3,681
  4,043
  4,422
  4,818
  5,229
  5,657
  6,102
  6,565
  7,046
  7,545
  8,065
  8,604
  9,166
  9,750
  10,358
  10,991
  11,650
  12,338
  13,054
Fixed operating expenses, $m
 
  229
  234
  240
  246
  252
  259
  265
  272
  278
  285
  293
  300
  307
  315
  323
  331
  339
  348
  356
  365
  375
  384
  394
  403
  413
  424
  434
  445
  456
  468
Total operating expenses, $m
  890
  1,050
  1,223
  1,416
  1,629
  1,860
  2,111
  2,379
  2,665
  2,968
  3,289
  3,627
  3,981
  4,350
  4,737
  5,141
  5,560
  5,996
  6,450
  6,921
  7,411
  7,920
  8,449
  8,998
  9,569
  10,163
  10,782
  11,425
  12,095
  12,794
  13,522
Operating income, $m
  51
  100
  162
  231
  308
  392
  483
  582
  687
  799
  918
  1,043
  1,174
  1,312
  1,456
  1,607
  1,763
  1,927
  2,097
  2,273
  2,457
  2,648
  2,846
  3,053
  3,268
  3,492
  3,725
  3,968
  4,221
  4,486
  4,761
EBITDA, $m
  68
  121
  187
  261
  343
  432
  530
  635
  747
  867
  994
  1,127
  1,267
  1,414
  1,568
  1,728
  1,896
  2,070
  2,251
  2,439
  2,635
  2,838
  3,050
  3,270
  3,500
  3,738
  3,987
  4,246
  4,516
  4,797
  5,091
Interest expense (income), $m
  0
  0
  1
  1
  2
  3
  4
  5
  6
  8
  9
  10
  12
  13
  15
  17
  18
  20
  22
  24
  26
  28
  30
  33
  35
  38
  40
  43
  46
  49
  52
Earnings before tax, $m
  51
  100
  161
  230
  306
  389
  479
  576
  680
  791
  909
  1,033
  1,163
  1,299
  1,441
  1,590
  1,745
  1,907
  2,074
  2,249
  2,431
  2,620
  2,816
  3,020
  3,233
  3,454
  3,685
  3,925
  4,176
  4,437
  4,710
Tax expense, $m
  17
  27
  44
  62
  82
  105
  129
  156
  184
  214
  245
  279
  314
  351
  389
  429
  471
  515
  560
  607
  656
  707
  760
  816
  873
  933
  995
  1,060
  1,127
  1,198
  1,272
Net income, $m
  34
  73
  118
  168
  223
  284
  350
  421
  497
  578
  663
  754
  849
  948
  1,052
  1,161
  1,274
  1,392
  1,514
  1,642
  1,774
  1,912
  2,056
  2,205
  2,360
  2,522
  2,690
  2,865
  3,048
  3,239
  3,438

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  96
  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
  658
  687
  828
  984
  1,157
  1,345
  1,549
  1,768
  2,002
  2,251
  2,513
  2,789
  3,079
  3,383
  3,700
  4,031
  4,375
  4,733
  5,105
  5,493
  5,895
  6,313
  6,747
  7,199
  7,669
  8,157
  8,666
  9,195
  9,747
  10,322
  10,922
Adjusted assets (=assets-cash), $m
  562
  687
  828
  984
  1,157
  1,345
  1,549
  1,768
  2,002
  2,251
  2,513
  2,789
  3,079
  3,383
  3,700
  4,031
  4,375
  4,733
  5,105
  5,493
  5,895
  6,313
  6,747
  7,199
  7,669
  8,157
  8,666
  9,195
  9,747
  10,322
  10,922
Revenue / Adjusted assets
  1.674
  1.674
  1.673
  1.675
  1.674
  1.674
  1.674
  1.674
  1.674
  1.673
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
  1.674
Average production assets, $m
  268
  328
  395
  470
  552
  642
  739
  844
  955
  1,074
  1,199
  1,331
  1,469
  1,614
  1,765
  1,923
  2,087
  2,258
  2,436
  2,620
  2,812
  3,012
  3,219
  3,435
  3,659
  3,892
  4,134
  4,387
  4,650
  4,925
  5,211
Working capital, $m
  325
  279
  337
  400
  471
  547
  630
  719
  814
  915
  1,022
  1,135
  1,253
  1,376
  1,505
  1,640
  1,780
  1,925
  2,077
  2,234
  2,398
  2,568
  2,745
  2,928
  3,119
  3,318
  3,525
  3,741
  3,965
  4,199
  4,443
Total debt, $m
  0
  19
  40
  64
  90
  118
  149
  182
  217
  255
  294
  336
  380
  426
  474
  524
  576
  630
  686
  744
  805
  868
  934
  1,002
  1,073
  1,147
  1,224
  1,304
  1,387
  1,474
  1,564
Total liabilities, $m
  85
  104
  125
  149
  175
  203
  234
  267
  302
  340
  379
  421
  465
  511
  559
  609
  661
  715
  771
  829
  890
  953
  1,019
  1,087
  1,158
  1,232
  1,309
  1,389
  1,472
  1,559
  1,649
Total equity, $m
  573
  583
  703
  836
  982
  1,142
  1,315
  1,501
  1,700
  1,911
  2,134
  2,368
  2,614
  2,872
  3,141
  3,422
  3,714
  4,018
  4,335
  4,663
  5,005
  5,360
  5,728
  6,112
  6,511
  6,925
  7,357
  7,807
  8,275
  8,764
  9,273
Total liabilities and equity, $m
  658
  687
  828
  985
  1,157
  1,345
  1,549
  1,768
  2,002
  2,251
  2,513
  2,789
  3,079
  3,383
  3,700
  4,031
  4,375
  4,733
  5,106
  5,492
  5,895
  6,313
  6,747
  7,199
  7,669
  8,157
  8,666
  9,196
  9,747
  10,323
  10,922
Debt-to-equity ratio
  0.000
  0.030
  0.060
  0.080
  0.090
  0.100
  0.110
  0.120
  0.130
  0.130
  0.140
  0.140
  0.150
  0.150
  0.150
  0.150
  0.150
  0.160
  0.160
  0.160
  0.160
  0.160
  0.160
  0.160
  0.160
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
Adjusted equity ratio
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849
  0.849

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  34
  73
  118
  168
  223
  284
  350
  421
  497
  578
  663
  754
  849
  948
  1,052
  1,161
  1,274
  1,392
  1,514
  1,642
  1,774
  1,912
  2,056
  2,205
  2,360
  2,522
  2,690
  2,865
  3,048
  3,239
  3,438
Depreciation, amort., depletion, $m
  17
  21
  25
  30
  35
  41
  47
  53
  60
  68
  76
  84
  93
  102
  112
  122
  132
  143
  154
  166
  178
  191
  204
  217
  232
  246
  262
  278
  294
  312
  330
Funds from operations, $m
  65
  94
  143
  197
  258
  324
  396
  474
  557
  646
  739
  838
  942
  1,050
  1,164
  1,283
  1,406
  1,535
  1,669
  1,808
  1,952
  2,103
  2,259
  2,422
  2,592
  2,768
  2,952
  3,143
  3,343
  3,551
  3,768
Change in working capital, $m
  6
  51
  57
  64
  70
  77
  83
  89
  95
  101
  107
  112
  118
  123
  129
  134
  140
  146
  151
  157
  164
  170
  177
  184
  191
  199
  207
  215
  224
  234
  244
Cash from operations, $m
  59
  43
  85
  134
  188
  248
  313
  385
  462
  545
  633
  726
  824
  927
  1,035
  1,148
  1,266
  1,389
  1,517
  1,650
  1,789
  1,933
  2,083
  2,239
  2,401
  2,569
  2,745
  2,928
  3,118
  3,317
  3,524
Maintenance CAPEX, $m
  0
  -17
  -21
  -25
  -30
  -35
  -41
  -47
  -53
  -60
  -68
  -76
  -84
  -93
  -102
  -112
  -122
  -132
  -143
  -154
  -166
  -178
  -191
  -204
  -217
  -232
  -246
  -262
  -278
  -294
  -312
New CAPEX, $m
  -45
  -60
  -67
  -75
  -82
  -90
  -97
  -105
  -112
  -118
  -125
  -132
  -138
  -145
  -151
  -158
  -164
  -171
  -178
  -185
  -192
  -199
  -207
  -215
  -224
  -233
  -243
  -253
  -263
  -274
  -286
Cash from investing activities, $m
  -42
  -77
  -88
  -100
  -112
  -125
  -138
  -152
  -165
  -178
  -193
  -208
  -222
  -238
  -253
  -270
  -286
  -303
  -321
  -339
  -358
  -377
  -398
  -419
  -441
  -465
  -489
  -515
  -541
  -568
  -598
Free cash flow, $m
  17
  -33
  -2
  34
  76
  123
  176
  234
  297
  366
  439
  518
  601
  689
  782
  879
  980
  1,086
  1,196
  1,311
  1,431
  1,555
  1,685
  1,819
  1,959
  2,105
  2,256
  2,413
  2,577
  2,748
  2,926
Issuance/(repayment) of debt, $m
  0
  19
  21
  24
  26
  28
  31
  33
  35
  38
  40
  42
  44
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  68
  71
  74
  77
  80
  83
  87
  91
Issuance/(repurchase) of shares, $m
  1
  33
  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
Cash from financing (excl. dividends), $m  
  2
  52
  23
  24
  26
  28
  31
  33
  35
  38
  40
  42
  44
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  68
  71
  74
  77
  80
  83
  87
  91
Total cash flow (excl. dividends), $m
  19
  18
  21
  58
  102
  151
  206
  267
  332
  403
  479
  560
  645
  735
  829
  929
  1,032
  1,140
  1,253
  1,370
  1,492
  1,619
  1,750
  1,888
  2,030
  2,178
  2,333
  2,493
  2,661
  2,835
  3,017
Retained Cash Flow (-), $m
  -34
  -106
  -119
  -133
  -147
  -160
  -173
  -186
  -199
  -211
  -223
  -235
  -246
  -258
  -269
  -281
  -292
  -304
  -316
  -329
  -342
  -355
  -369
  -383
  -399
  -415
  -432
  -450
  -468
  -488
  -509
Prev. year cash balance distribution, $m
 
  96
  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
 
  8
  -99
  -75
  -45
  -9
  33
  81
  134
  192
  256
  325
  399
  477
  560
  648
  740
  836
  936
  1,041
  1,150
  1,264
  1,382
  1,504
  1,631
  1,764
  1,901
  2,044
  2,192
  2,347
  2,507
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
 
  8
  -90
  -66
  -37
  -7
  24
  55
  84
  110
  134
  154
  170
  181
  188
  190
  188
  182
  172
  160
  146
  131
  115
  99
  83
  69
  55
  44
  34
  26
  19
Current shareholders' claim on cash, %
  100
  95.8
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7
  95.7

Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings. It offers an electrical building wire product line that consists primarily of UF-B cable and other types of wire products, including metal-clad and armored cable. All of these products are manufactured with copper or aluminum as the conductor. NM-B cable consists of either two or three insulated copper wire conductors, with an uninsulated ground wire, all sheathed in a polyvinyl chloride (PVC) jacket.

FINANCIAL RATIOS  of  Encore Wire (WIRE)

Valuation Ratios
P/E Ratio 26.3
Price to Sales 0.9
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 15.2
Price to Free Cash Flow 63.8
Growth Rates
Sales Growth Rate -7.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 2.3%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 5.3%
Ret/ On Assets - 3 Yr. Avg. 6.7%
Return On Total Capital 6.1%
Ret/ On T. Cap. - 3 Yr. Avg. 7.7%
Return On Equity 6.1%
Return On Equity - 3 Yr. Avg. 7.7%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 12.8%
Gross Margin - 3 Yr. Avg. 12.3%
EBITDA Margin 7.2%
EBITDA Margin - 3 Yr. Avg. 7.3%
Operating Margin 5.4%
Oper. Margin - 3 Yr. Avg. 5.8%
Pre-Tax Margin 5.4%
Pre-Tax Margin - 3 Yr. Avg. 5.8%
Net Profit Margin 3.6%
Net Profit Margin - 3 Yr. Avg. 3.8%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 33.5%
Payout Ratio 5.9%

WIRE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WIRE stock intrinsic value calculation we used $941 million for the last fiscal year's total revenue generated by Encore Wire. The default revenue input number comes from 2016 income statement of Encore Wire. 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 WIRE stock valuation model: a) initial revenue growth rate of 22.2% 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 WIRE is calculated based on our internal credit rating of Encore Wire, 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 Encore Wire.
    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 WIRE stock the variable cost ratio is equal to 71.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $223 million in the base year in the intrinsic value calculation for WIRE 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 Encore Wire.

Corporate tax rate of 27% is the nominal tax rate for Encore Wire. 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 WIRE 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 WIRE are equal to 28.5%.

Life of production assets of 15.8 years is the average useful life of capital assets used in Encore Wire 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 WIRE is equal to 24.3%. 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 - $573 million for Encore Wire - 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 21.174 million for Encore Wire 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 Encore Wire at the current share price and the inputted number of shares is $0.9 billion.

RELATED COMPANIES Price Int.Val. Rating
BGC General Cable 18.90 0.70  str.sell
APWC Asia Pacific W 2.95 2.63  hold
ATKR Atkore Interna 18.56 2.40  str.sell
APH Amphenol Cl A 82.94 70.27  hold

COMPANY NEWS

▶ Encore Wire Announces Cash Dividend   [Aug-08-17 04:15PM  Business Wire]
▶ Encore Wire posts 2Q profit   [Aug-01-17 10:55PM  Associated Press]
▶ Encore Wire Reports Second Quarter Results   [04:05PM  Business Wire]
▶ Encore Wire Announces Cash Dividend   [Jun-09-17 04:05PM  Business Wire]
▶ New Strong Sell Stocks for May 10th   [May-10-17 09:06AM  Zacks]
▶ New Strong Sell Stocks for May 3rd   [May-03-17 09:30AM  Zacks]
▶ Encore Wire posts 1Q profit   [May-02-17 06:15PM  Associated Press]
▶ Encore Wire Reports First Quarter Results   [04:05PM  Business Wire]
▶ Encore Wire Announces Cash Dividend   [Feb-27-17 04:05PM  Business Wire]
▶ 6 Stocks Spiking Higher With Unusual Volume   [Feb-21-17 11:44AM  TheStreet.com]
▶ Encore Wire posts 4Q profit   [Feb-16-17 04:56PM  Associated Press]
▶ Encore Wire Reports Fourth Quarter Results   [04:05PM  Business Wire]
▶ Is Encore Wire Corporation (WIRE) A Good Stock To Buy?   [Dec-12-16 05:12PM  at Insider Monkey]
▶ Encore Wire Announces Cash Dividend   [05:00PM  Business Wire]
▶ Should You Buy Orthofix International NV (OFIX)?   [Nov-29-16 06:15AM  at Insider Monkey]
▶ Encore Wire posts 3Q profit   [Oct-26-16 06:01PM  AP]
▶ Encore Wire Reports Third Quarter Results   [04:05PM  Business Wire]
▶ Encore Wire Presenting at D.A. Davidson Investor Conference   [Aug-25-16 04:05PM  Business Wire]
▶ Encore Wire Presenting at Midwest IDEAS Conference   [Aug-22-16 05:30PM  Business Wire]
▶ Encore Wire Announces Cash Dividend   [Aug-19-16 04:05PM  Business Wire]
▶ Encore Wire posts 2Q profit   [Jul-27-16 06:01PM  AP]
▶ Encore Wire Reports Second Quarter Results   [04:05PM  Business Wire]
▶ Encore Wire Announces Cash Dividend   [May-17-16 04:05PM  Business Wire]
▶ Encore Wire posts 1Q profit   [Apr-27-16 05:43PM  AP]
▶ Encore Wire Reports First Quarter Results   [04:05PM  Business Wire]
Financial statements of WIRE
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.