Intrinsic value of Encore Wire - WIRE

Previous Close

$48.30

  Intrinsic Value

$130.00

stock screener

  Rating & Target

str. buy

+169%

Previous close

$48.30

 
Intrinsic value

$130.00

 
Up/down potential

+169%

 
Rating

str. buy

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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

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
  23.20
  21.38
  19.74
  18.27
  16.94
  15.75
  14.67
  13.71
  12.83
  12.05
  11.35
  10.71
  10.14
  9.63
  9.16
  8.75
  8.37
  8.04
  7.73
  7.46
  7.21
  6.99
  6.79
  6.61
  6.45
  6.31
  6.18
  6.06
  5.95
  5.86
Revenue, $m
  941
  1,159
  1,407
  1,685
  1,993
  2,330
  2,697
  3,093
  3,517
  3,968
  4,447
  4,951
  5,481
  6,037
  6,618
  7,225
  7,857
  8,515
  9,199
  9,910
  10,649
  11,417
  12,216
  13,045
  13,908
  14,805
  15,739
  16,711
  17,724
  18,779
  19,879
Variable operating expenses, $m
 
  828
  1,005
  1,203
  1,423
  1,664
  1,926
  2,208
  2,511
  2,833
  3,175
  3,535
  3,914
  4,311
  4,726
  5,159
  5,610
  6,080
  6,568
  7,076
  7,604
  8,152
  8,722
  9,314
  9,930
  10,571
  11,238
  11,932
  12,655
  13,408
  14,193
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
  1,057
  1,239
  1,443
  1,669
  1,916
  2,185
  2,473
  2,783
  3,111
  3,460
  3,828
  4,214
  4,618
  5,041
  5,482
  5,941
  6,419
  6,916
  7,432
  7,969
  8,527
  9,106
  9,708
  10,333
  10,984
  11,662
  12,366
  13,100
  13,864
  14,661
Operating income, $m
  51
  103
  168
  242
  324
  414
  513
  620
  734
  856
  986
  1,123
  1,268
  1,419
  1,578
  1,743
  1,916
  2,096
  2,283
  2,478
  2,680
  2,891
  3,110
  3,337
  3,574
  3,821
  4,078
  4,345
  4,624
  4,914
  5,218
EBITDA, $m
  68
  124
  194
  272
  360
  456
  561
  675
  798
  928
  1,066
  1,213
  1,367
  1,528
  1,697
  1,874
  2,058
  2,250
  2,449
  2,657
  2,872
  3,097
  3,330
  3,573
  3,825
  4,088
  4,362
  4,646
  4,943
  5,253
  5,576
Interest expense (income), $m
  0
  0
  1
  1
  2
  3
  4
  6
  7
  8
  10
  11
  13
  14
  16
  18
  20
  22
  24
  26
  28
  31
  33
  36
  38
  41
  44
  47
  50
  53
  56
Earnings before tax, $m
  51
  103
  167
  240
  321
  411
  508
  614
  727
  848
  977
  1,112
  1,255
  1,405
  1,562
  1,725
  1,896
  2,074
  2,259
  2,452
  2,652
  2,860
  3,077
  3,302
  3,536
  3,780
  4,034
  4,298
  4,574
  4,861
  5,161
Tax expense, $m
  17
  28
  45
  65
  87
  111
  137
  166
  196
  229
  264
  300
  339
  379
  422
  466
  512
  560
  610
  662
  716
  772
  831
  892
  955
  1,021
  1,089
  1,161
  1,235
  1,313
  1,394
Net income, $m
  34
  75
  122
  175
  235
  300
  371
  448
  531
  619
  713
  812
  916
  1,026
  1,140
  1,260
  1,384
  1,514
  1,649
  1,790
  1,936
  2,088
  2,246
  2,410
  2,581
  2,759
  2,945
  3,138
  3,339
  3,549
  3,768

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
  693
  841
  1,007
  1,190
  1,392
  1,611
  1,848
  2,101
  2,371
  2,656
  2,958
  3,274
  3,607
  3,954
  4,316
  4,694
  5,086
  5,495
  5,920
  6,362
  6,820
  7,297
  7,793
  8,308
  8,844
  9,402
  9,983
  10,588
  11,218
  11,875
Adjusted assets (=assets-cash), $m
  562
  693
  841
  1,007
  1,190
  1,392
  1,611
  1,848
  2,101
  2,371
  2,656
  2,958
  3,274
  3,607
  3,954
  4,316
  4,694
  5,086
  5,495
  5,920
  6,362
  6,820
  7,297
  7,793
  8,308
  8,844
  9,402
  9,983
  10,588
  11,218
  11,875
Revenue / Adjusted assets
  1.674
  1.672
  1.673
  1.673
  1.675
  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
  1.674
  1.674
  1.674
  1.674
  1.674
Average production assets, $m
  268
  330
  401
  480
  568
  664
  769
  882
  1,002
  1,131
  1,267
  1,411
  1,562
  1,721
  1,886
  2,059
  2,239
  2,427
  2,622
  2,824
  3,035
  3,254
  3,481
  3,718
  3,964
  4,220
  4,486
  4,763
  5,051
  5,352
  5,665
Working capital, $m
  325
  282
  342
  409
  484
  566
  655
  752
  855
  964
  1,081
  1,203
  1,332
  1,467
  1,608
  1,756
  1,909
  2,069
  2,235
  2,408
  2,588
  2,774
  2,968
  3,170
  3,380
  3,598
  3,825
  4,061
  4,307
  4,563
  4,830
Total debt, $m
  0
  20
  42
  67
  95
  125
  158
  194
  232
  273
  316
  362
  409
  460
  512
  567
  624
  683
  745
  809
  876
  945
  1,017
  1,092
  1,170
  1,251
  1,335
  1,422
  1,514
  1,609
  1,708
Total liabilities, $m
  85
  105
  127
  152
  180
  210
  243
  279
  317
  358
  401
  447
  494
  545
  597
  652
  709
  768
  830
  894
  961
  1,030
  1,102
  1,177
  1,255
  1,336
  1,420
  1,507
  1,599
  1,694
  1,793
Total equity, $m
  573
  588
  714
  855
  1,011
  1,182
  1,368
  1,569
  1,784
  2,013
  2,255
  2,511
  2,780
  3,062
  3,357
  3,664
  3,985
  4,318
  4,665
  5,026
  5,401
  5,791
  6,195
  6,616
  7,054
  7,509
  7,982
  8,475
  8,989
  9,524
  10,082
Total liabilities and equity, $m
  658
  693
  841
  1,007
  1,191
  1,392
  1,611
  1,848
  2,101
  2,371
  2,656
  2,958
  3,274
  3,607
  3,954
  4,316
  4,694
  5,086
  5,495
  5,920
  6,362
  6,821
  7,297
  7,793
  8,309
  8,845
  9,402
  9,982
  10,588
  11,218
  11,875
Debt-to-equity ratio
  0.000
  0.030
  0.060
  0.080
  0.090
  0.110
  0.120
  0.120
  0.130
  0.140
  0.140
  0.140
  0.150
  0.150
  0.150
  0.150
  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
  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
  75
  122
  175
  235
  300
  371
  448
  531
  619
  713
  812
  916
  1,026
  1,140
  1,260
  1,384
  1,514
  1,649
  1,790
  1,936
  2,088
  2,246
  2,410
  2,581
  2,759
  2,945
  3,138
  3,339
  3,549
  3,768
Depreciation, amort., depletion, $m
  17
  21
  25
  30
  36
  42
  49
  56
  63
  72
  80
  89
  99
  109
  119
  130
  142
  154
  166
  179
  192
  206
  220
  235
  251
  267
  284
  301
  320
  339
  359
Funds from operations, $m
  65
  96
  148
  206
  271
  342
  420
  504
  594
  691
  793
  901
  1,015
  1,135
  1,259
  1,390
  1,526
  1,668
  1,815
  1,969
  2,128
  2,294
  2,466
  2,646
  2,832
  3,026
  3,229
  3,439
  3,659
  3,888
  4,126
Change in working capital, $m
  6
  53
  60
  68
  75
  82
  89
  96
  103
  110
  116
  123
  129
  135
  141
  147
  154
  160
  166
  173
  180
  187
  194
  202
  210
  218
  227
  236
  246
  256
  267
Cash from operations, $m
  59
  43
  87
  138
  196
  260
  331
  408
  491
  581
  677
  779
  886
  999
  1,118
  1,243
  1,372
  1,508
  1,649
  1,796
  1,948
  2,107
  2,272
  2,444
  2,623
  2,808
  3,002
  3,203
  3,413
  3,631
  3,859
Maintenance CAPEX, $m
  0
  -17
  -21
  -25
  -30
  -36
  -42
  -49
  -56
  -63
  -72
  -80
  -89
  -99
  -109
  -119
  -130
  -142
  -154
  -166
  -179
  -192
  -206
  -220
  -235
  -251
  -267
  -284
  -301
  -320
  -339
New CAPEX, $m
  -45
  -62
  -71
  -79
  -88
  -96
  -105
  -113
  -121
  -129
  -136
  -144
  -151
  -158
  -166
  -173
  -180
  -187
  -195
  -203
  -211
  -219
  -227
  -236
  -246
  -256
  -266
  -277
  -289
  -301
  -313
Cash from investing activities, $m
  -42
  -79
  -92
  -104
  -118
  -132
  -147
  -162
  -177
  -192
  -208
  -224
  -240
  -257
  -275
  -292
  -310
  -329
  -349
  -369
  -390
  -411
  -433
  -456
  -481
  -507
  -533
  -561
  -590
  -621
  -652
Free cash flow, $m
  17
  -36
  -4
  34
  78
  128
  184
  246
  315
  389
  469
  555
  646
  742
  844
  950
  1,062
  1,179
  1,300
  1,427
  1,559
  1,696
  1,839
  1,987
  2,141
  2,302
  2,469
  2,642
  2,823
  3,011
  3,207
Issuance/(repayment) of debt, $m
  0
  20
  22
  25
  28
  30
  33
  36
  38
  41
  43
  46
  48
  50
  52
  55
  57
  59
  62
  64
  67
  69
  72
  75
  78
  81
  84
  88
  91
  95
  99
Issuance/(repurchase) of shares, $m
  1
  36
  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
Cash from financing (excl. dividends), $m  
  2
  56
  25
  25
  28
  30
  33
  36
  38
  41
  43
  46
  48
  50
  52
  55
  57
  59
  62
  64
  67
  69
  72
  75
  78
  81
  84
  88
  91
  95
  99
Total cash flow (excl. dividends), $m
  19
  19
  22
  59
  105
  158
  217
  282
  353
  430
  512
  600
  694
  792
  896
  1,005
  1,119
  1,238
  1,362
  1,491
  1,626
  1,766
  1,911
  2,062
  2,219
  2,383
  2,553
  2,730
  2,914
  3,106
  3,306
Retained Cash Flow (-), $m
  -34
  -111
  -126
  -141
  -156
  -171
  -186
  -201
  -215
  -229
  -243
  -256
  -269
  -282
  -295
  -308
  -321
  -334
  -347
  -361
  -375
  -390
  -405
  -421
  -438
  -455
  -474
  -493
  -513
  -535
  -558
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
 
  4
  -104
  -82
  -51
  -13
  31
  81
  138
  201
  270
  344
  425
  510
  601
  697
  798
  904
  1,015
  1,131
  1,251
  1,376
  1,506
  1,641
  1,782
  1,928
  2,079
  2,237
  2,401
  2,571
  2,748
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
 
  4
  -95
  -71
  -42
  -10
  23
  55
  86
  115
  141
  164
  181
  194
  202
  205
  203
  197
  187
  174
  159
  142
  125
  108
  91
  75
  61
  48
  37
  28
  21
Current shareholders' claim on cash, %
  100
  95.9
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6

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 29.5
Price to Sales 1.1
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 17
Price to Free Cash Flow 71.6
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 23.2% 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 20.966 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 $1.0 billion.

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COMPANY NEWS

▶ Encore Wire Announces Cash Dividend   [04:05PM  Business Wire]
▶ Encore Wire posts 3Q profit   [Oct-31-17 06:38PM  Associated Press]
▶ Encore Wire Reports Third Quarter Results   [04:05PM  Business Wire]
▶ 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]
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.

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