Intrinsic value of Xcerra - XCRA

Previous Close

$9.91

  Intrinsic Value

$191.24

stock screener

  Rating & Target

str. buy

+999%

Previous close

$9.91

 
Intrinsic value

$191.24

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of XCRA 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 2017), $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 0.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  20.68
  39.60
  36.14
  33.03
  30.22
  27.70
  25.43
  23.39
  21.55
  19.89
  18.40
  17.06
  15.86
  14.77
  13.79
  12.92
  12.12
  11.41
  10.77
  10.19
  9.67
  9.21
  8.79
  8.41
  8.07
  7.76
  7.48
  7.24
  7.01
  6.81
  6.63
Revenue, $m
  391
  546
  743
  989
  1,287
  1,644
  2,062
  2,544
  3,092
  3,708
  4,390
  5,139
  5,954
  6,834
  7,776
  8,781
  9,845
  10,969
  12,150
  13,388
  14,684
  16,036
  17,444
  18,911
  20,437
  22,022
  23,670
  25,383
  27,163
  29,013
  30,937
Variable operating expenses, $m
 
  316
  429
  570
  740
  944
  1,183
  1,459
  1,772
  2,124
  2,514
  2,938
  3,404
  3,907
  4,446
  5,020
  5,629
  6,271
  6,947
  7,655
  8,395
  9,168
  9,974
  10,812
  11,685
  12,591
  13,534
  14,513
  15,530
  16,588
  17,688
Fixed operating expenses, $m
 
  141
  145
  149
  152
  156
  160
  164
  168
  172
  177
  181
  186
  190
  195
  200
  205
  210
  215
  221
  226
  232
  238
  244
  250
  256
  262
  269
  276
  282
  289
Total operating expenses, $m
  363
  457
  574
  719
  892
  1,100
  1,343
  1,623
  1,940
  2,296
  2,691
  3,119
  3,590
  4,097
  4,641
  5,220
  5,834
  6,481
  7,162
  7,876
  8,621
  9,400
  10,212
  11,056
  11,935
  12,847
  13,796
  14,782
  15,806
  16,870
  17,977
Operating income, $m
  28
  88
  169
  270
  395
  543
  719
  921
  1,152
  1,411
  1,699
  2,020
  2,364
  2,736
  3,135
  3,560
  4,011
  4,487
  4,988
  5,513
  6,062
  6,635
  7,233
  7,855
  8,502
  9,175
  9,875
  10,602
  11,357
  12,143
  12,959
EBITDA, $m
  34
  96
  178
  282
  408
  559
  737
  943
  1,178
  1,441
  1,734
  2,055
  2,405
  2,784
  3,189
  3,621
  4,079
  4,563
  5,072
  5,606
  6,164
  6,746
  7,354
  7,986
  8,644
  9,328
  10,038
  10,777
  11,545
  12,343
  13,173
Interest expense (income), $m
  1
  1
  3
  6
  9
  13
  18
  23
  30
  38
  46
  55
  65
  76
  88
  101
  115
  129
  145
  161
  178
  195
  214
  233
  253
  274
  295
  318
  341
  365
  390
Earnings before tax, $m
  29
  87
  166
  265
  386
  531
  701
  898
  1,122
  1,374
  1,653
  1,965
  2,299
  2,660
  3,047
  3,459
  3,896
  4,358
  4,843
  5,352
  5,885
  6,440
  7,019
  7,622
  8,250
  8,902
  9,580
  10,284
  11,016
  11,777
  12,569
Tax expense, $m
  6
  24
  45
  71
  104
  143
  189
  242
  303
  371
  446
  530
  621
  718
  823
  934
  1,052
  1,177
  1,308
  1,445
  1,589
  1,739
  1,895
  2,058
  2,227
  2,403
  2,586
  2,777
  2,974
  3,180
  3,394
Net income, $m
  23
  64
  121
  193
  282
  387
  512
  655
  819
  1,003
  1,207
  1,434
  1,678
  1,942
  2,224
  2,525
  2,844
  3,181
  3,536
  3,907
  4,296
  4,701
  5,124
  5,564
  6,022
  6,498
  6,993
  7,507
  8,042
  8,597
  9,175

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  161
  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
  439
  388
  529
  703
  916
  1,169
  1,467
  1,810
  2,199
  2,637
  3,122
  3,655
  4,235
  4,860
  5,531
  6,245
  7,002
  7,801
  8,642
  9,522
  10,444
  11,405
  12,407
  13,450
  14,535
  15,663
  16,835
  18,053
  19,319
  20,635
  22,003
Adjusted assets (=assets-cash), $m
  278
  388
  529
  703
  916
  1,169
  1,467
  1,810
  2,199
  2,637
  3,122
  3,655
  4,235
  4,860
  5,531
  6,245
  7,002
  7,801
  8,642
  9,522
  10,444
  11,405
  12,407
  13,450
  14,535
  15,663
  16,835
  18,053
  19,319
  20,635
  22,003
Revenue / Adjusted assets
  1.406
  1.407
  1.405
  1.407
  1.405
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
  1.406
Average production assets, $m
  36
  50
  68
  91
  118
  151
  190
  234
  285
  341
  404
  473
  548
  629
  715
  808
  906
  1,009
  1,118
  1,232
  1,351
  1,475
  1,605
  1,740
  1,880
  2,026
  2,178
  2,335
  2,499
  2,669
  2,846
Working capital, $m
  257
  140
  190
  253
  330
  421
  528
  651
  792
  949
  1,124
  1,316
  1,524
  1,749
  1,991
  2,248
  2,520
  2,808
  3,110
  3,427
  3,759
  4,105
  4,466
  4,841
  5,232
  5,638
  6,060
  6,498
  6,954
  7,427
  7,920
Total debt, $m
  21
  65
  126
  202
  294
  405
  534
  683
  853
  1,043
  1,254
  1,486
  1,738
  2,010
  2,302
  2,613
  2,942
  3,290
  3,655
  4,038
  4,439
  4,857
  5,293
  5,747
  6,219
  6,709
  7,219
  7,749
  8,300
  8,872
  9,467
Total liabilities, $m
  125
  169
  230
  306
  398
  509
  638
  787
  957
  1,147
  1,358
  1,590
  1,842
  2,114
  2,406
  2,717
  3,046
  3,394
  3,759
  4,142
  4,543
  4,961
  5,397
  5,851
  6,323
  6,813
  7,323
  7,853
  8,404
  8,976
  9,571
Total equity, $m
  314
  219
  299
  397
  517
  661
  829
  1,022
  1,243
  1,490
  1,764
  2,065
  2,393
  2,746
  3,125
  3,528
  3,956
  4,408
  4,882
  5,380
  5,901
  6,444
  7,010
  7,599
  8,212
  8,850
  9,512
  10,200
  10,915
  11,659
  12,432
Total liabilities and equity, $m
  439
  388
  529
  703
  915
  1,170
  1,467
  1,809
  2,200
  2,637
  3,122
  3,655
  4,235
  4,860
  5,531
  6,245
  7,002
  7,802
  8,641
  9,522
  10,444
  11,405
  12,407
  13,450
  14,535
  15,663
  16,835
  18,053
  19,319
  20,635
  22,003
Debt-to-equity ratio
  0.067
  0.300
  0.420
  0.510
  0.570
  0.610
  0.640
  0.670
  0.690
  0.700
  0.710
  0.720
  0.730
  0.730
  0.740
  0.740
  0.740
  0.750
  0.750
  0.750
  0.750
  0.750
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
  0.760
Adjusted equity ratio
  0.550
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565
  0.565

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  23
  64
  121
  193
  282
  387
  512
  655
  819
  1,003
  1,207
  1,434
  1,678
  1,942
  2,224
  2,525
  2,844
  3,181
  3,536
  3,907
  4,296
  4,701
  5,124
  5,564
  6,022
  6,498
  6,993
  7,507
  8,042
  8,597
  9,175
Depreciation, amort., depletion, $m
  6
  8
  10
  11
  13
  16
  19
  22
  26
  30
  35
  36
  41
  47
  54
  61
  68
  76
  84
  93
  102
  111
  121
  131
  141
  152
  164
  176
  188
  201
  214
Funds from operations, $m
  17
  72
  131
  205
  295
  403
  530
  677
  845
  1,033
  1,242
  1,470
  1,719
  1,989
  2,278
  2,586
  2,912
  3,257
  3,620
  4,000
  4,397
  4,812
  5,245
  5,695
  6,164
  6,651
  7,157
  7,683
  8,230
  8,798
  9,389
Change in working capital, $m
  -10
  40
  50
  63
  76
  91
  107
  123
  140
  157
  175
  192
  209
  225
  241
  257
  273
  288
  302
  317
  332
  346
  361
  375
  391
  406
  422
  438
  456
  474
  492
Cash from operations, $m
  27
  32
  80
  142
  218
  312
  423
  554
  704
  875
  1,067
  1,278
  1,511
  1,764
  2,037
  2,329
  2,640
  2,970
  3,317
  3,683
  4,066
  4,466
  4,884
  5,320
  5,773
  6,245
  6,735
  7,244
  7,774
  8,325
  8,897
Maintenance CAPEX, $m
  0
  -3
  -4
  -5
  -7
  -9
  -11
  -14
  -18
  -21
  -26
  -30
  -36
  -41
  -47
  -54
  -61
  -68
  -76
  -84
  -93
  -102
  -111
  -121
  -131
  -141
  -152
  -164
  -176
  -188
  -201
New CAPEX, $m
  -7
  -14
  -18
  -23
  -27
  -33
  -38
  -44
  -50
  -57
  -63
  -69
  -75
  -81
  -87
  -92
  -98
  -103
  -109
  -114
  -119
  -124
  -130
  -135
  -140
  -146
  -152
  -158
  -164
  -170
  -177
Cash from investing activities, $m
  -4
  -17
  -22
  -28
  -34
  -42
  -49
  -58
  -68
  -78
  -89
  -99
  -111
  -122
  -134
  -146
  -159
  -171
  -185
  -198
  -212
  -226
  -241
  -256
  -271
  -287
  -304
  -322
  -340
  -358
  -378
Free cash flow, $m
  23
  15
  58
  114
  184
  270
  373
  495
  636
  797
  978
  1,179
  1,400
  1,642
  1,903
  2,183
  2,481
  2,798
  3,133
  3,485
  3,854
  4,240
  4,644
  5,064
  5,502
  5,957
  6,431
  6,923
  7,435
  7,966
  8,519
Issuance/(repayment) of debt, $m
  -3
  48
  61
  76
  92
  110
  129
  149
  170
  190
  211
  232
  252
  272
  292
  311
  329
  348
  365
  383
  401
  418
  436
  454
  472
  491
  510
  530
  551
  572
  595
Issuance/(repurchase) of shares, $m
  -1
  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  
  -3
  48
  61
  76
  92
  110
  129
  149
  170
  190
  211
  232
  252
  272
  292
  311
  329
  348
  365
  383
  401
  418
  436
  454
  472
  491
  510
  530
  551
  572
  595
Total cash flow (excl. dividends), $m
  21
  63
  119
  190
  276
  380
  503
  644
  806
  988
  1,190
  1,410
  1,652
  1,914
  2,194
  2,493
  2,811
  3,146
  3,498
  3,868
  4,255
  4,658
  5,079
  5,518
  5,974
  6,448
  6,941
  7,453
  7,985
  8,539
  9,114
Retained Cash Flow (-), $m
  -32
  -62
  -79
  -99
  -120
  -143
  -168
  -194
  -220
  -247
  -274
  -301
  -327
  -353
  -379
  -404
  -428
  -451
  -475
  -498
  -520
  -543
  -566
  -589
  -613
  -637
  -662
  -688
  -715
  -743
  -773
Prev. year cash balance distribution, $m
 
  157
  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
 
  158
  40
  91
  156
  237
  335
  451
  586
  740
  915
  1,109
  1,325
  1,560
  1,815
  2,090
  2,383
  2,694
  3,023
  3,370
  3,734
  4,115
  4,513
  4,928
  5,361
  5,811
  6,279
  6,765
  7,270
  7,795
  8,341
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
 
  151
  37
  79
  129
  184
  243
  304
  366
  425
  480
  527
  565
  593
  609
  614
  606
  586
  557
  519
  475
  426
  374
  323
  273
  226
  183
  145
  112
  85
  63
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

Xcerra Corporation is a provider of test and handling capital equipment, interface products, test fixtures and related services to the semiconductor and electronics manufacturing industries. The Company operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins and Fixtures. The Semiconductor Test segment includes operations related to the design, manufacture and sale of automated test equipment for the semiconductor industry that is used to test system-on-a-chip, digital, analog and mixed signal integrated circuits. The Semiconductor Handlers segment includes operations related to the design, manufacture and sale of test handlers used in the testing of integrated circuits. The Contactors segment includes operations related to the design, manufacture and sale of test contactors. The PCB test segment includes operations related to design, manufacture and sale of equipment used in the testing of bare and loaded printed circuit boards.

FINANCIAL RATIOS  of  Xcerra (XCRA)

Valuation Ratios
P/E Ratio 23.4
Price to Sales 1.4
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 19.9
Price to Free Cash Flow 26.9
Growth Rates
Sales Growth Rate 20.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 133.3%
Cap. Spend. - 3 Yr. Gr. Rate -2.6%
Financial Strength
Quick Ratio 40
Current Ratio 0
LT Debt to Equity 5.4%
Total Debt to Equity 6.7%
Interest Coverage 30
Management Effectiveness
Return On Assets 5.8%
Ret/ On Assets - 3 Yr. Avg. 5.6%
Return On Total Capital 7.2%
Ret/ On T. Cap. - 3 Yr. Avg. 6.8%
Return On Equity 7.7%
Return On Equity - 3 Yr. Avg. 7.7%
Asset Turnover 1
Profitability Ratios
Gross Margin 44.2%
Gross Margin - 3 Yr. Avg. 44.2%
EBITDA Margin 9.2%
EBITDA Margin - 3 Yr. Avg. 7.7%
Operating Margin 7.2%
Oper. Margin - 3 Yr. Avg. 4.9%
Pre-Tax Margin 7.4%
Pre-Tax Margin - 3 Yr. Avg. 5.4%
Net Profit Margin 5.9%
Net Profit Margin - 3 Yr. Avg. 5.4%
Effective Tax Rate 20.7%
Eff/ Tax Rate - 3 Yr. Avg. -24.5%
Payout Ratio 0%

XCRA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the XCRA stock intrinsic value calculation we used $391 million for the last fiscal year's total revenue generated by Xcerra. The default revenue input number comes from 2017 income statement of Xcerra. 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 XCRA stock valuation model: a) initial revenue growth rate of 39.6% 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 XCRA is calculated based on our internal credit rating of Xcerra, 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 Xcerra.
    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 XCRA stock the variable cost ratio is equal to 58.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $138 million in the base year in the intrinsic value calculation for XCRA 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 4.4% for Xcerra.

Corporate tax rate of 27% is the nominal tax rate for Xcerra. 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 XCRA 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 XCRA are equal to 9.2%.

Life of production assets of 13.3 years is the average useful life of capital assets used in Xcerra 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 XCRA is equal to 25.6%. 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 - $314 million for Xcerra - 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 54.357 million for Xcerra 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 Xcerra at the current share price and the inputted number of shares is $0.5 billion.

RELATED COMPANIES Price Int.Val. Rating
TER Teradyne 41.88 68.02  str.buy
INTT inTEST 8.65 802.78  str.buy
COHU Cohu 22.74 7.71  str.sell
AEHR Aehr Test Syst 3.06 8.72  str.buy
ADI Analog Devices 86.69 770.14  str.buy
TTMI TTM Technologi 16.34 39.77  str.buy
RTEC Rudolph Techno 24.15 11.67  str.sell

COMPANY NEWS

▶ ETFs with exposure to Xcerra Corp. : December 12, 2017   [Dec-12-17 02:31PM  Capital Cube]
▶ 3 High-Growth Tech Stocks to Buy Now   [Dec-07-17 06:56PM  Zacks]
▶ ETFs with exposure to Xcerra Corp. : November 30, 2017   [Nov-30-17 02:40PM  Capital Cube]
▶ Xcerra posts 1Q profit   [Nov-29-17 07:09AM  Associated Press]
▶ Xcerra Announces First Quarter Results   [07:00AM  GlobeNewswire]
▶ Why Xcerra (XCRA) Stock Might be a Great Pick   [Oct-16-17 08:52AM  Zacks]
▶ 3 Top-Ranked Technology Picks Under $20   [Sep-21-17 10:30AM  Zacks]
▶ ETFs with exposure to Xcerra Corp. : September 14, 2017   [Sep-14-17 07:30PM  Capital Cube]
▶ Xcerra beats Street 4Q forecasts   [Aug-31-17 08:04PM  Associated Press]
▶ Xcerra Announces Fourth Quarter and Fiscal Year Results   [Aug-30-17 07:00AM  GlobeNewswire]
▶ [$$] Computer-Chip Testing Firm Urges Blocking Sale of Rival to China Fund   [Aug-16-17 12:28AM  The Wall Street Journal]
▶ [$$] Computer-Chip Testing Firm Urges Blocking Sale of Rival to China Fund   [Aug-15-17 05:33PM  The Wall Street Journal]
▶ Xcerras New Ultra-Compact DxV: Accelerated Time-to-Volume   [Jul-13-17 09:00AM  GlobeNewswire]
▶ Xcerra Corp. Value Analysis (NASDAQ:XCRA) : July 11, 2017   [Jul-11-17 03:53PM  Capital Cube]
▶ ETFs with exposure to Xcerra Corp. : June 22, 2017   [Jun-22-17 04:41PM  Capital Cube]
▶ Waiting For Bigger Bids?   [03:25PM  Zacks]
▶ ETFs with exposure to Xcerra Corp. : June 12, 2017   [Jun-12-17 02:35PM  Capital Cube]
▶ Xcerra beats Street 3Q forecasts   [Jun-01-17 07:14AM  Associated Press]
▶ Xcerra Announces Third Quarter Results   [07:00AM  GlobeNewswire]
▶ Semiconductor test firm sells for $580M to Chinese private equity group   [11:35AM  American City Business Journals]
▶ ETFs with exposure to Xcerra Corp. : April 5, 2017   [Apr-05-17 05:46PM  Capital Cube]
▶ Bull Of The Day: Xcerra (XCRA)   [05:51AM  Zacks]
▶ Xcerra tops Street 2Q forecasts   [07:50AM  Associated Press]
▶ Xcerra Announces Second Quarter Results   [06:55AM  GlobeNewswire]
Financial statements of XCRA
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.