Intrinsic value of ZAGG - ZAGG

Previous Close

$11.15

  Intrinsic Value

$136.61

stock screener

  Rating & Target

str. buy

+999%

  Value-price divergence*

-152%

Previous close

$11.15

 
Intrinsic value

$136.61

 
Up/down potential

+999%

 
Rating

str. buy

 
Value-price divergence*

-152%

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

We calculate the intrinsic value of ZAGG 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 0.3

 

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, %
  49.44
  50.00
  45.50
  41.45
  37.81
  34.52
  31.57
  28.91
  26.52
  24.37
  22.43
  20.69
  19.12
  17.71
  16.44
  15.29
  14.27
  13.34
  12.50
  11.75
  11.08
  10.47
  9.92
  9.43
  8.99
  8.59
  8.23
  7.91
  7.62
  7.36
  7.12
Revenue, $m
  402
  603
  877
  1,241
  1,710
  2,301
  3,027
  3,902
  4,937
  6,141
  7,518
  9,074
  10,809
  12,723
  14,814
  17,080
  19,516
  22,120
  24,886
  27,811
  30,892
  34,127
  37,513
  41,051
  44,741
  48,584
  52,583
  56,741
  61,063
  65,554
  70,221
Variable operating expenses, $m
 
  544
  791
  1,118
  1,540
  2,072
  2,726
  3,513
  4,445
  5,528
  6,768
  8,166
  9,728
  11,451
  13,333
  15,372
  17,565
  19,908
  22,397
  25,030
  27,803
  30,714
  33,762
  36,947
  40,268
  43,726
  47,325
  51,068
  54,957
  58,999
  63,200
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
  423
  544
  791
  1,118
  1,540
  2,072
  2,726
  3,513
  4,445
  5,528
  6,768
  8,166
  9,728
  11,451
  13,333
  15,372
  17,565
  19,908
  22,397
  25,030
  27,803
  30,714
  33,762
  36,947
  40,268
  43,726
  47,325
  51,068
  54,957
  58,999
  63,200
Operating income, $m
  -21
  59
  87
  123
  170
  229
  301
  389
  492
  613
  750
  907
  1,081
  1,272
  1,481
  1,708
  1,951
  2,212
  2,488
  2,781
  3,089
  3,412
  3,751
  4,105
  4,473
  4,858
  5,258
  5,673
  6,105
  6,554
  7,021
EBITDA, $m
  1
  68
  99
  140
  193
  259
  341
  440
  556
  692
  847
  1,022
  1,218
  1,434
  1,669
  1,925
  2,199
  2,493
  2,804
  3,134
  3,481
  3,846
  4,227
  4,626
  5,042
  5,475
  5,925
  6,394
  6,881
  7,387
  7,913
Interest expense (income), $m
  2
  3
  10
  20
  33
  49
  70
  96
  127
  163
  206
  255
  310
  371
  439
  512
  593
  679
  771
  868
  972
  1,081
  1,195
  1,315
  1,440
  1,570
  1,706
  1,847
  1,994
  2,147
  2,306
Earnings before tax, $m
  -24
  56
  76
  103
  137
  180
  231
  293
  366
  449
  545
  653
  771
  901
  1,043
  1,195
  1,359
  1,533
  1,718
  1,912
  2,117
  2,331
  2,556
  2,790
  3,034
  3,288
  3,552
  3,826
  4,111
  4,407
  4,715
Tax expense, $m
  -8
  15
  21
  28
  37
  48
  62
  79
  99
  121
  147
  176
  208
  243
  282
  323
  367
  414
  464
  516
  572
  629
  690
  753
  819
  888
  959
  1,033
  1,110
  1,190
  1,273
Net income, $m
  -16
  41
  56
  75
  100
  131
  169
  214
  267
  328
  398
  476
  563
  658
  761
  873
  992
  1,119
  1,254
  1,396
  1,545
  1,702
  1,866
  2,037
  2,215
  2,400
  2,593
  2,793
  3,001
  3,217
  3,442

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  12
  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
  311
  449
  653
  923
  1,272
  1,712
  2,252
  2,903
  3,674
  4,569
  5,594
  6,751
  8,042
  9,466
  11,022
  12,708
  14,521
  16,458
  18,516
  20,693
  22,985
  25,392
  27,912
  30,544
  33,290
  36,149
  39,124
  42,218
  45,434
  48,775
  52,248
Adjusted assets (=assets-cash), $m
  299
  449
  653
  923
  1,272
  1,712
  2,252
  2,903
  3,674
  4,569
  5,594
  6,751
  8,042
  9,466
  11,022
  12,708
  14,521
  16,458
  18,516
  20,693
  22,985
  25,392
  27,912
  30,544
  33,290
  36,149
  39,124
  42,218
  45,434
  48,775
  52,248
Revenue / Adjusted assets
  1.344
  1.343
  1.343
  1.345
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
  1.344
Average production assets, $m
  51
  77
  111
  158
  217
  292
  384
  496
  627
  780
  955
  1,152
  1,373
  1,616
  1,881
  2,169
  2,479
  2,809
  3,160
  3,532
  3,923
  4,334
  4,764
  5,214
  5,682
  6,170
  6,678
  7,206
  7,755
  8,325
  8,918
Working capital, $m
  -10
  28
  41
  58
  80
  108
  142
  183
  232
  289
  353
  426
  508
  598
  696
  803
  917
  1,040
  1,170
  1,307
  1,452
  1,604
  1,763
  1,929
  2,103
  2,283
  2,471
  2,667
  2,870
  3,081
  3,300
Total debt, $m
  51
  130
  255
  419
  632
  899
  1,229
  1,625
  2,094
  2,639
  3,264
  3,968
  4,755
  5,622
  6,570
  7,596
  8,700
  9,880
  11,133
  12,459
  13,855
  15,321
  16,855
  18,458
  20,130
  21,872
  23,684
  25,568
  27,526
  29,561
  31,676
Total liabilities, $m
  193
  273
  398
  562
  775
  1,042
  1,372
  1,768
  2,237
  2,782
  3,407
  4,111
  4,898
  5,765
  6,713
  7,739
  8,843
  10,023
  11,276
  12,602
  13,998
  15,464
  16,998
  18,601
  20,273
  22,015
  23,827
  25,711
  27,669
  29,704
  31,819
Total equity, $m
  117
  175
  255
  361
  498
  669
  881
  1,135
  1,436
  1,786
  2,187
  2,640
  3,144
  3,701
  4,310
  4,969
  5,678
  6,435
  7,240
  8,091
  8,987
  9,928
  10,913
  11,943
  13,016
  14,134
  15,298
  16,507
  17,765
  19,071
  20,429
Total liabilities and equity, $m
  310
  448
  653
  923
  1,273
  1,711
  2,253
  2,903
  3,673
  4,568
  5,594
  6,751
  8,042
  9,466
  11,023
  12,708
  14,521
  16,458
  18,516
  20,693
  22,985
  25,392
  27,911
  30,544
  33,289
  36,149
  39,125
  42,218
  45,434
  48,775
  52,248
Debt-to-equity ratio
  0.436
  0.740
  1.000
  1.160
  1.270
  1.340
  1.400
  1.430
  1.460
  1.480
  1.490
  1.500
  1.510
  1.520
  1.520
  1.530
  1.530
  1.540
  1.540
  1.540
  1.540
  1.540
  1.540
  1.550
  1.550
  1.550
  1.550
  1.550
  1.550
  1.550
  1.550
Adjusted equity ratio
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -16
  41
  56
  75
  100
  131
  169
  214
  267
  328
  398
  476
  563
  658
  761
  873
  992
  1,119
  1,254
  1,396
  1,545
  1,702
  1,866
  2,037
  2,215
  2,400
  2,593
  2,793
  3,001
  3,217
  3,442
Depreciation, amort., depletion, $m
  22
  9
  12
  17
  23
  30
  40
  51
  64
  79
  97
  115
  137
  162
  188
  217
  248
  281
  316
  353
  392
  433
  476
  521
  568
  617
  668
  721
  775
  833
  892
Funds from operations, $m
  39
  50
  68
  92
  123
  161
  208
  265
  331
  407
  494
  592
  700
  819
  949
  1,089
  1,240
  1,400
  1,570
  1,749
  1,938
  2,135
  2,342
  2,558
  2,783
  3,017
  3,260
  3,514
  3,777
  4,050
  4,334
Change in working capital, $m
  6
  9
  13
  17
  22
  28
  34
  41
  49
  57
  65
  73
  82
  90
  98
  106
  115
  122
  130
  137
  145
  152
  159
  166
  173
  181
  188
  195
  203
  211
  219
Cash from operations, $m
  33
  40
  55
  75
  101
  134
  174
  224
  282
  351
  430
  519
  619
  730
  851
  983
  1,125
  1,278
  1,440
  1,612
  1,793
  1,983
  2,183
  2,392
  2,609
  2,836
  3,072
  3,318
  3,573
  3,839
  4,115
Maintenance CAPEX, $m
  0
  -5
  -8
  -11
  -16
  -22
  -29
  -38
  -50
  -63
  -78
  -95
  -115
  -137
  -162
  -188
  -217
  -248
  -281
  -316
  -353
  -392
  -433
  -476
  -521
  -568
  -617
  -668
  -721
  -775
  -833
New CAPEX, $m
  -83
  -26
  -35
  -46
  -60
  -75
  -92
  -111
  -131
  -153
  -175
  -198
  -220
  -243
  -266
  -288
  -309
  -331
  -351
  -371
  -391
  -411
  -430
  -449
  -469
  -488
  -508
  -528
  -549
  -570
  -593
Cash from investing activities, $m
  -83
  -31
  -43
  -57
  -76
  -97
  -121
  -149
  -181
  -216
  -253
  -293
  -335
  -380
  -428
  -476
  -526
  -579
  -632
  -687
  -744
  -803
  -863
  -925
  -990
  -1,056
  -1,125
  -1,196
  -1,270
  -1,345
  -1,426
Free cash flow, $m
  -50
  10
  13
  18
  26
  37
  53
  74
  101
  135
  177
  226
  283
  349
  424
  507
  599
  699
  808
  924
  1,048
  1,180
  1,319
  1,466
  1,619
  1,780
  1,948
  2,122
  2,304
  2,493
  2,689
Issuance/(repayment) of debt, $m
  52
  91
  124
  165
  213
  268
  329
  397
  469
  545
  624
  705
  786
  867
  948
  1,027
  1,104
  1,180
  1,253
  1,325
  1,396
  1,466
  1,535
  1,603
  1,672
  1,741
  1,812
  1,884
  1,958
  2,035
  2,115
Issuance/(repurchase) of shares, $m
  -1
  18
  24
  31
  36
  41
  42
  41
  34
  22
  3
  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  
  50
  109
  148
  196
  249
  309
  371
  438
  503
  567
  627
  705
  786
  867
  948
  1,027
  1,104
  1,180
  1,253
  1,325
  1,396
  1,466
  1,535
  1,603
  1,672
  1,741
  1,812
  1,884
  1,958
  2,035
  2,115
Total cash flow (excl. dividends), $m
  -1
  118
  161
  213
  275
  345
  424
  511
  604
  702
  804
  930
  1,069
  1,216
  1,371
  1,534
  1,703
  1,879
  2,061
  2,250
  2,445
  2,646
  2,854
  3,069
  3,291
  3,521
  3,760
  4,006
  4,262
  4,528
  4,804
Retained Cash Flow (-), $m
  14
  -58
  -80
  -106
  -136
  -172
  -211
  -255
  -301
  -350
  -401
  -453
  -505
  -557
  -608
  -659
  -709
  -757
  -805
  -851
  -896
  -941
  -985
  -1,029
  -1,073
  -1,118
  -1,163
  -1,210
  -1,257
  -1,307
  -1,358
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
 
  60
  81
  107
  138
  174
  213
  257
  303
  352
  403
  478
  565
  660
  763
  875
  994
  1,121
  1,256
  1,399
  1,548
  1,705
  1,869
  2,040
  2,218
  2,403
  2,596
  2,797
  3,005
  3,221
  3,446
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
 
  57
  74
  93
  114
  134
  155
  173
  190
  202
  211
  227
  241
  251
  256
  257
  253
  244
  231
  215
  197
  176
  155
  134
  113
  93
  76
  60
  46
  35
  26
Current shareholders' claim on cash, %
  100
  94.4
  89.5
  85.4
  82.1
  79.5
  77.6
  76.2
  75.3
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8
  74.8

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes product solutions for mobile devices. It offers solutions, such as glass and film screen protection products, keyboards for tablet computers and mobile devices, keyboard cases, earbuds, cables, and cases under the ZAGG and InvisibleShield brands, as well as portable batteries to charge various devices that utilizes a USB, including smartphones, tablets, handheld gaming systems, and digital cameras. The company also provides earbuds, headphones, mobile power solutions, Bluetooth speakers, cases, and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. In addition, it offers power management and battery case accessories under the mophie brand. It sells its products through indirect channels, including big box retailers, domestic and international distributors, independent Apple retailers, university bookstores, and small independently owned consumer electronics stores, as well as directly to retailers or through distributors; and directly to consumers on its Website at ZAGG.com. In addition, the company sells its products to franchisees that operate kiosks and ZAGG branded stores in shopping malls and retail centers in the United States and internationally. ZAGG Inc is headquartered in Midvale, Utah.

FINANCIAL RATIOS  of  ZAGG (ZAGG)

Valuation Ratios
P/E Ratio -19.5
Price to Sales 0.8
Price to Book 2.7
Price to Tangible Book
Price to Cash Flow 9.5
Price to Free Cash Flow -6.2
Growth Rates
Sales Growth Rate 49.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 1560%
Cap. Spend. - 3 Yr. Gr. Rate 94.3%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 8.5%
Total Debt to Equity 43.6%
Interest Coverage -11
Management Effectiveness
Return On Assets -6%
Ret/ On Assets - 3 Yr. Avg. 2.6%
Return On Total Capital -10.7%
Ret/ On T. Cap. - 3 Yr. Avg. 3%
Return On Equity -12.9%
Return On Equity - 3 Yr. Avg. 2.5%
Asset Turnover 1.6
Profitability Ratios
Gross Margin 31.8%
Gross Margin - 3 Yr. Avg. 33.8%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 8.6%
Operating Margin -5.2%
Oper. Margin - 3 Yr. Avg. 3.6%
Pre-Tax Margin -6%
Pre-Tax Margin - 3 Yr. Avg. 3.4%
Net Profit Margin -4%
Net Profit Margin - 3 Yr. Avg. 1.9%
Effective Tax Rate 33.3%
Eff/ Tax Rate - 3 Yr. Avg. 37.7%
Payout Ratio 0%

ZAGG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ZAGG stock intrinsic value calculation we used $402 million for the last fiscal year's total revenue generated by ZAGG. The default revenue input number comes from 2016 income statement of ZAGG. 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 ZAGG stock valuation model: a) initial revenue growth rate of 50% 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 ZAGG is calculated based on our internal credit rating of ZAGG, 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 ZAGG.
    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 ZAGG stock the variable cost ratio is equal to 90.3%.

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 ZAGG 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 7.8% for ZAGG.

Corporate tax rate of 27% is the nominal tax rate for ZAGG. 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 ZAGG 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 ZAGG are equal to 12.7%.

Life of production assets of 10 years is the average useful life of capital assets used in ZAGG 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 ZAGG is equal to 4.7%. 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 - $117 million for ZAGG - 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 26.387 million for ZAGG 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 ZAGG at the current share price and the inputted number of shares is $0.3 billion.

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COMPANY NEWS

▶ Bull Of The Day: ZAGG Inc (ZAGG)   [06:31AM  Zacks]
▶ 3 Tech Stocks Under $10 to Buy Now   [Aug-07-17 01:33PM  Zacks]
▶ 5 of the Best Stocks Under $10 for 2017   [Aug-03-17 01:55PM  Zacks]
▶ Zagg beats Street 2Q forecasts   [Aug-01-17 10:05PM  Associated Press]
▶ ETFs with exposure to Zagg, Inc. : June 2, 2017   [Jun-02-17 02:40PM  Capital Cube]
▶ ETFs with exposure to Zagg, Inc. : May 22, 2017   [May-22-17 02:21PM  Capital Cube]
▶ IFROGZ Expands Wireless Earbud Collection   [May-18-17 08:00AM  GlobeNewswire]
▶ ETFs with exposure to Zagg, Inc. : May 11, 2017   [May-11-17 05:49PM  Capital Cube]
▶ Zagg reports 1Q loss   [May-02-17 05:58PM  Associated Press]
▶ 5 of the Best Stocks Under $10 for 2017   [May-01-17 02:01PM  Zacks]
▶ Top 10 Stocks Under $20   [Apr-06-17 03:55PM  Zacks]
▶ ETFs with exposure to Zagg, Inc. : April 5, 2017   [Apr-05-17 05:48PM  Capital Cube]
▶ 5 of the Best Stocks Under $10 for 2017   [Apr-03-17 04:50PM  Zacks]
▶ Play These Stocks & ETFs If Fed Acts in March   [Mar-10-17 10:40AM  Zacks]
▶ Zagg reports 4Q loss   [Mar-07-17 04:51PM  Associated Press]
▶ LD Micro Index Reconstitution as of February 1, 2017   [Feb-01-17 09:45AM  Accesswire]
▶ InvisibleShield Announces Screen Guarantee Plan   [Jan-04-17 12:00PM  GlobeNewswire]
▶ /C O R R E C T I O N -- mophie/   [Oct-03-16 12:55PM  PR Newswire]
▶ ZAGG Can Still Cash In on Apple's New Toys   [Sep-08-16 04:22PM  at Motley Fool]
Stock chart of ZAGG Financial statements of ZAGG
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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