Intrinsic value of ABB ADR - ABB

Previous Close

$21.47

  Intrinsic Value

$349.07

stock screener

  Rating & Target

str. buy

+999%

Previous close

$21.47

 
Intrinsic value

$349.07

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of ABB 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 0001), $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 3.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  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
  34,998
  35,803
  36,723
  37,756
  38,901
  40,157
  41,525
  43,005
  44,600
  46,311
  48,143
  50,097
  52,177
  54,388
  56,734
  59,220
  61,852
  64,635
  67,576
  70,681
  73,957
  77,412
  81,054
  84,891
  88,933
  93,188
  97,667
  102,380
  107,338
  112,553
Variable operating expenses, $m
  20,796
  21,243
  21,753
  22,326
  22,961
  23,658
  24,417
  25,238
  26,123
  27,072
  26,706
  27,790
  28,944
  30,170
  31,471
  32,851
  34,311
  35,854
  37,486
  39,208
  41,025
  42,942
  44,962
  47,091
  49,333
  51,693
  54,178
  56,792
  59,542
  62,435
Fixed operating expenses, $m
  11,072
  11,316
  11,565
  11,819
  12,079
  12,345
  12,617
  12,894
  13,178
  13,468
  13,764
  14,067
  14,376
  14,693
  15,016
  15,346
  15,684
  16,029
  16,382
  16,742
  17,110
  17,487
  17,871
  18,265
  18,666
  19,077
  19,497
  19,926
  20,364
  20,812
Total operating expenses, $m
  31,868
  32,559
  33,318
  34,145
  35,040
  36,003
  37,034
  38,132
  39,301
  40,540
  40,470
  41,857
  43,320
  44,863
  46,487
  48,197
  49,995
  51,883
  53,868
  55,950
  58,135
  60,429
  62,833
  65,356
  67,999
  70,770
  73,675
  76,718
  79,906
  83,247
Operating income, $m
  3,130
  3,244
  3,405
  3,611
  3,860
  4,154
  4,491
  4,873
  5,299
  5,772
  7,673
  8,240
  8,857
  9,525
  10,247
  11,023
  11,858
  12,752
  13,709
  14,731
  15,821
  16,983
  18,220
  19,536
  20,934
  22,418
  23,992
  25,662
  27,431
  29,306
EBITDA, $m
  5,233
  5,365
  5,545
  5,771
  6,045
  6,364
  6,730
  7,142
  7,601
  8,109
  8,666
  9,273
  9,933
  10,647
  11,417
  12,245
  13,133
  14,085
  15,102
  16,188
  17,346
  18,580
  19,892
  21,286
  22,767
  24,339
  26,006
  27,773
  29,645
  31,627
Interest expense (income), $m
  213
  402
  432
  468
  509
  555
  607
  663
  724
  790
  862
  938
  1,020
  1,107
  1,201
  1,299
  1,404
  1,516
  1,633
  1,758
  1,889
  2,028
  2,175
  2,330
  2,492
  2,664
  2,845
  3,035
  3,236
  3,447
  3,668
Earnings before tax, $m
  2,727
  2,812
  2,937
  3,102
  3,305
  3,547
  3,829
  4,149
  4,509
  4,910
  6,735
  7,220
  7,749
  8,325
  8,947
  9,619
  10,342
  11,118
  11,951
  12,841
  13,793
  14,808
  15,891
  17,043
  18,269
  19,573
  20,957
  22,426
  23,985
  25,637
Tax expense, $m
  736
  759
  793
  837
  892
  958
  1,034
  1,120
  1,217
  1,326
  1,818
  1,949
  2,092
  2,248
  2,416
  2,597
  2,792
  3,002
  3,227
  3,467
  3,724
  3,998
  4,291
  4,602
  4,933
  5,285
  5,658
  6,055
  6,476
  6,922
Net income, $m
  1,991
  2,053
  2,144
  2,264
  2,413
  2,590
  2,795
  3,029
  3,292
  3,584
  4,916
  5,271
  5,657
  6,077
  6,531
  7,022
  7,550
  8,116
  8,724
  9,374
  10,069
  10,810
  11,600
  12,442
  13,337
  14,288
  15,299
  16,371
  17,509
  18,715

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  44,134
  45,149
  46,309
  47,612
  49,056
  50,639
  52,364
  54,231
  56,242
  58,400
  60,709
  63,173
  65,797
  68,585
  71,543
  74,679
  77,998
  81,507
  85,216
  89,131
  93,262
  97,619
  102,212
  107,051
  112,147
  117,513
  123,161
  129,104
  135,357
  141,933
Adjusted assets (=assets-cash), $m
  44,134
  45,149
  46,309
  47,612
  49,056
  50,639
  52,364
  54,231
  56,242
  58,400
  60,709
  63,173
  65,797
  68,585
  71,543
  74,679
  77,998
  81,507
  85,216
  89,131
  93,262
  97,619
  102,212
  107,051
  112,147
  117,513
  123,161
  129,104
  135,357
  141,933
Revenue / Adjusted assets
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
  0.793
Average production assets, $m
  11,619
  11,887
  12,192
  12,535
  12,915
  13,332
  13,786
  14,278
  14,807
  15,375
  15,983
  16,632
  17,323
  18,057
  18,836
  19,661
  20,535
  21,459
  22,435
  23,466
  24,554
  25,701
  26,910
  28,184
  29,526
  30,938
  32,425
  33,990
  35,636
  37,368
Working capital, $m
  805
  823
  845
  868
  895
  924
  955
  989
  1,026
  1,065
  1,107
  1,152
  1,200
  1,251
  1,305
  1,362
  1,423
  1,487
  1,554
  1,626
  1,701
  1,780
  1,864
  1,952
  2,045
  2,143
  2,246
  2,355
  2,469
  2,589
Total debt, $m
  8,000
  8,667
  9,429
  10,285
  11,233
  12,274
  13,407
  14,634
  15,955
  17,373
  18,890
  20,509
  22,233
  24,064
  26,008
  28,068
  30,248
  32,554
  34,991
  37,563
  40,277
  43,140
  46,157
  49,336
  52,685
  56,210
  59,921
  63,825
  67,933
  72,254
Total liabilities, $m
  28,996
  29,663
  30,425
  31,281
  32,229
  33,270
  34,403
  35,630
  36,951
  38,369
  39,886
  41,505
  43,229
  45,060
  47,004
  49,064
  51,244
  53,550
  55,987
  58,559
  61,273
  64,136
  67,153
  70,332
  73,681
  77,206
  80,917
  84,821
  88,929
  93,250
Total equity, $m
  15,138
  15,486
  15,884
  16,331
  16,826
  17,369
  17,961
  18,601
  19,291
  20,031
  20,823
  21,668
  22,568
  23,525
  24,539
  25,615
  26,753
  27,957
  29,229
  30,572
  31,989
  33,483
  35,059
  36,718
  38,466
  40,307
  42,244
  44,283
  46,427
  48,683
Total liabilities and equity, $m
  44,134
  45,149
  46,309
  47,612
  49,055
  50,639
  52,364
  54,231
  56,242
  58,400
  60,709
  63,173
  65,797
  68,585
  71,543
  74,679
  77,997
  81,507
  85,216
  89,131
  93,262
  97,619
  102,212
  107,050
  112,147
  117,513
  123,161
  129,104
  135,356
  141,933
Debt-to-equity ratio
  0.530
  0.560
  0.590
  0.630
  0.670
  0.710
  0.750
  0.790
  0.830
  0.870
  0.910
  0.950
  0.990
  1.020
  1.060
  1.100
  1.130
  1.160
  1.200
  1.230
  1.260
  1.290
  1.320
  1.340
  1.370
  1.390
  1.420
  1.440
  1.460
  1.480
Adjusted equity ratio
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343
  0.343

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,991
  2,053
  2,144
  2,264
  2,413
  2,590
  2,795
  3,029
  3,292
  3,584
  4,916
  5,271
  5,657
  6,077
  6,531
  7,022
  7,550
  8,116
  8,724
  9,374
  10,069
  10,810
  11,600
  12,442
  13,337
  14,288
  15,299
  16,371
  17,509
  18,715
Depreciation, amort., depletion, $m
  2,104
  2,120
  2,139
  2,161
  2,184
  2,210
  2,238
  2,269
  2,302
  2,337
  993
  1,033
  1,076
  1,122
  1,170
  1,221
  1,275
  1,333
  1,393
  1,458
  1,525
  1,596
  1,671
  1,751
  1,834
  1,922
  2,014
  2,111
  2,213
  2,321
Funds from operations, $m
  4,095
  4,173
  4,284
  4,425
  4,597
  4,800
  5,033
  5,298
  5,594
  5,921
  5,909
  6,304
  6,733
  7,198
  7,701
  8,243
  8,825
  9,449
  10,118
  10,832
  11,594
  12,406
  13,272
  14,192
  15,171
  16,210
  17,313
  18,482
  19,722
  21,036
Change in working capital, $m
  16
  19
  21
  24
  26
  29
  31
  34
  37
  39
  42
  45
  48
  51
  54
  57
  61
  64
  68
  71
  75
  79
  84
  88
  93
  98
  103
  108
  114
  120
Cash from operations, $m
  4,079
  4,155
  4,262
  4,401
  4,571
  4,771
  5,002
  5,264
  5,557
  5,882
  5,867
  6,259
  6,685
  7,148
  7,647
  8,186
  8,765
  9,385
  10,050
  10,760
  11,519
  12,327
  13,188
  14,104
  15,078
  16,112
  17,210
  18,374
  19,608
  20,916
Maintenance CAPEX, $m
  -707
  -722
  -738
  -757
  -779
  -802
  -828
  -856
  -887
  -920
  -955
  -993
  -1,033
  -1,076
  -1,122
  -1,170
  -1,221
  -1,275
  -1,333
  -1,393
  -1,458
  -1,525
  -1,596
  -1,671
  -1,751
  -1,834
  -1,922
  -2,014
  -2,111
  -2,213
New CAPEX, $m
  -237
  -267
  -305
  -343
  -380
  -417
  -454
  -491
  -530
  -568
  -608
  -649
  -691
  -734
  -779
  -825
  -874
  -924
  -976
  -1,031
  -1,088
  -1,147
  -1,209
  -1,274
  -1,342
  -1,413
  -1,487
  -1,565
  -1,646
  -1,731
Cash from investing activities, $m
  -944
  -989
  -1,043
  -1,100
  -1,159
  -1,219
  -1,282
  -1,347
  -1,417
  -1,488
  -1,563
  -1,642
  -1,724
  -1,810
  -1,901
  -1,995
  -2,095
  -2,199
  -2,309
  -2,424
  -2,546
  -2,672
  -2,805
  -2,945
  -3,093
  -3,247
  -3,409
  -3,579
  -3,757
  -3,944
Free cash flow, $m
  3,135
  3,166
  3,219
  3,301
  3,412
  3,552
  3,720
  3,916
  4,141
  4,394
  4,304
  4,617
  4,961
  5,338
  5,747
  6,190
  6,670
  7,186
  7,741
  8,336
  8,973
  9,655
  10,383
  11,159
  11,985
  12,865
  13,801
  14,795
  15,851
  16,971
Issuance/(repayment) of debt, $m
  553
  667
  762
  856
  948
  1,041
  1,133
  1,227
  1,321
  1,418
  1,517
  1,619
  1,724
  1,832
  1,944
  2,060
  2,180
  2,306
  2,436
  2,572
  2,714
  2,863
  3,017
  3,179
  3,348
  3,525
  3,711
  3,905
  4,108
  4,321
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  553
  667
  762
  856
  948
  1,041
  1,133
  1,227
  1,321
  1,418
  1,517
  1,619
  1,724
  1,832
  1,944
  2,060
  2,180
  2,306
  2,436
  2,572
  2,714
  2,863
  3,017
  3,179
  3,348
  3,525
  3,711
  3,905
  4,108
  4,321
Total cash flow (excl. dividends), $m
  3,688
  3,833
  3,981
  4,157
  4,360
  4,592
  4,853
  5,142
  5,462
  5,812
  5,821
  6,236
  6,685
  7,169
  7,691
  8,250
  8,850
  9,492
  10,177
  10,908
  11,688
  12,517
  13,400
  14,338
  15,334
  16,391
  17,512
  18,700
  19,959
  21,292
Retained Cash Flow (-), $m
  -319
  -348
  -398
  -447
  -495
  -543
  -592
  -640
  -690
  -740
  -792
  -845
  -900
  -956
  -1,015
  -1,075
  -1,138
  -1,204
  -1,272
  -1,343
  -1,417
  -1,494
  -1,575
  -1,660
  -1,748
  -1,840
  -1,937
  -2,039
  -2,145
  -2,256
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
  3,369
  3,485
  3,583
  3,710
  3,865
  4,049
  4,261
  4,502
  4,772
  5,072
  5,029
  5,391
  5,785
  6,213
  6,676
  7,175
  7,712
  8,288
  8,905
  9,565
  10,271
  11,023
  11,825
  12,678
  13,586
  14,550
  15,574
  16,661
  17,814
  19,036
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
  3,230
  3,190
  3,118
  3,055
  2,996
  2,939
  2,879
  2,814
  2,741
  2,659
  2,388
  2,301
  2,200
  2,086
  1,960
  1,823
  1,678
  1,526
  1,371
  1,215
  1,062
  915
  775
  646
  528
  424
  334
  258
  194
  143
Current shareholders' claim on cash, %
  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

ABB Ltd (ABB) is a holding company. The Company's segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure. The Electrification Products segment manufactures and sells products and services including low and medium-voltage switchgear, breakers, switches and control products. The Robotics and Motion segment manufactures and sells motors, generators, variable speed drives and robots and robotics. The Industrial Automation segment develops and sells control and plant optimization systems, and automation products and solutions. The Power Grids segment supplies power and automation products, systems, and service and software solutions.

FINANCIAL RATIOS  of  ABB ADR (ABB)

Valuation Ratios
P/E Ratio 24.2
Price to Sales 1.4
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow 11.9
Price to Free Cash Flow 15.2
Growth Rates
Sales Growth Rate -4.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -5.1%
Cap. Spend. - 3 Yr. Gr. Rate -5.6%
Financial Strength
Quick Ratio 6
Current Ratio 0.1
LT Debt to Equity 43.3%
Total Debt to Equity 50.8%
Interest Coverage 14
Management Effectiveness
Return On Assets 5.1%
Ret/ On Assets - 3 Yr. Avg. 5.3%
Return On Total Capital 9%
Ret/ On T. Cap. - 3 Yr. Avg. 9.2%
Return On Equity 13.6%
Return On Equity - 3 Yr. Avg. 13.7%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 28.8%
Gross Margin - 3 Yr. Avg. 28.5%
EBITDA Margin 12.3%
EBITDA Margin - 3 Yr. Avg. 12.6%
Operating Margin 8.8%
Oper. Margin - 3 Yr. Avg. 9.3%
Pre-Tax Margin 8.3%
Pre-Tax Margin - 3 Yr. Avg. 8.7%
Net Profit Margin 5.6%
Net Profit Margin - 3 Yr. Avg. 5.9%
Effective Tax Rate 27.9%
Eff/ Tax Rate - 3 Yr. Avg. 28.8%
Payout Ratio 0%

ABB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ABB stock intrinsic value calculation we used $34312 million for the last fiscal year's total revenue generated by ABB ADR. The default revenue input number comes from 0001 income statement of ABB ADR. 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 ABB 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 4.3%, whose default value for ABB is calculated based on our internal credit rating of ABB ADR, 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 ABB ADR.
    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 ABB stock the variable cost ratio is equal to 59.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $10834 million in the base year in the intrinsic value calculation for ABB 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 5.4% for ABB ADR.

Corporate tax rate of 27% is the nominal tax rate for ABB ADR. 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 ABB 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 ABB are equal to 33.2%.

Life of production assets of 16.1 years is the average useful life of capital assets used in ABB ADR 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 ABB is equal to 2.3%. 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 - $14819 million for ABB ADR - 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 154.007 million for ABB ADR 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 ABB ADR at the current share price and the inputted number of shares is $3.3 billion.

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COMPANY NEWS

▶ ABB to expand, add jobs in North Carolina   [Oct-16-18 02:56PM  American City Business Journals]
▶ What is Behind ABB India Limiteds (NSE:ABB) Superior ROE?   [Sep-26-18 01:33AM  Simply Wall St.]
▶ Are Investors Undervaluing ABB (ABB) Right Now?   [Sep-19-18 09:10AM  Zacks]
▶ Is ABB Ltd (VTX:ABBN) A Financially Sound Company?   [Sep-13-18 01:59AM  Simply Wall St.]
▶ Switzerland, Home of the Elegant Corporate U-Turn   [Aug-24-18 07:14AM  Bloomberg]
▶ ABB Weighs Sale of Power Grid Unit as Value Swells   [Aug-23-18 10:05AM  Bloomberg]
▶ $2.6 billion deal creates new Atlanta-headquartered international electrical giant   [Jul-23-18 06:30AM  American City Business Journals]
▶ ABB: 2Q Earnings Snapshot   [Jul-19-18 05:01AM  Associated Press]
▶ Is There Now An Opportunity In ABB India Limited (NSE:ABB)?   [Jun-23-18 09:19PM  Simply Wall St.]
▶ 3 Robotic Stocks That Can Electrify Your Portfolio   [May-31-18 09:58AM  InvestorPlace]
▶ 20 2018 Losers That Will Be Big Winners   [May-25-18 02:05PM  InvestorPlace]
▶ 2 Dividend Stocks Better Than General Electric Company   [May-22-18 03:10PM  Motley Fool]
▶ When Should You Buy ABB Ltd (VTX:ABBN)?   [May-18-18 08:06AM  Simply Wall St.]
▶ ABB: 1Q Earnings Snapshot   [05:02AM  Associated Press]
▶ [$$] ABB Reports Profit Fall   [01:25AM  The Wall Street Journal]
▶ General Electric Starts Restructuring   [06:03AM  Motley Fool]
▶ Moving Average Crossover Alert: ABB (ABB)   [Apr-11-18 08:37AM  Zacks]
▶ ABB posts 4Q profit   [05:01AM  Associated Press]
▶ The Best Solar Power Inverter Stocks   [Jan-23-18 06:02AM  Motley Fool]
▶ ETFs with exposure to ABB Ltd. : January 1, 2018   [Jan-01-18 11:25AM  Capital Cube]
▶ Why General Electric Company Stock Isnt a Value Play Yet   [Dec-21-17 11:53AM  InvestorPlace]
▶ ETFs with exposure to ABB Ltd. : December 19, 2017   [Dec-19-17 12:09PM  Capital Cube]
▶ ETFs with exposure to ABB Ltd. : December 8, 2017   [Dec-08-17 12:14PM  Capital Cube]
▶ ABB helps Toronto railway cut emissions to zero   [Dec-07-17 06:00AM  CNW Group]
▶ ETFs with exposure to ABB Ltd. : November 27, 2017   [Nov-27-17 11:44AM  Capital Cube]
▶ 9 Stocks Steven Cohen Keeps Buying   [Nov-22-17 03:57PM  GuruFocus.com]
▶ ABB Campus Montreal LEEDs with Silver   [Nov-21-17 07:00AM  CNW Group]
▶ ETFs with exposure to ABB Ltd. : November 17, 2017   [Nov-17-17 11:15AM  Capital Cube]
▶ ETFs with exposure to ABB Ltd. : November 7, 2017   [Nov-07-17 09:32AM  Capital Cube]
▶ ETFs with exposure to ABB Ltd. : October 25, 2017   [Oct-25-17 09:44AM  Capital Cube]
▶ 3 Stocks to Buy for the Next Generation   [08:00AM  Motley Fool]
▶ 2 International Stocks for Retirees   [Oct-03-17 06:22AM  Motley Fool]
▶ GE Sells Industrial Solutions Segment to ABB   [Oct-01-17 04:30PM  Motley Fool]
▶ A Wall Street Wedding (and a Divorce)   [03:18PM  Motley Fool]
▶ [$$] GE Agrees to Sell Industrial Unit to ABB for $2.6 Billion   [Sep-25-17 11:02AM  The Wall Street Journal]

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