Intrinsic value of A.O. Smith - AOS

Previous Close

$59.47

  Intrinsic Value

$50.35

stock screener

  Rating & Target

hold

-15%

Previous close

$59.47

 
Intrinsic value

$50.35

 
Up/down potential

-15%

 
Rating

hold

We calculate the intrinsic value of AOS 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 10.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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, %
  11.60
  10.94
  10.35
  9.81
  9.33
  8.90
  8.51
  8.16
  7.84
  7.56
  7.30
  7.07
  6.86
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.58
  5.53
  5.47
  5.43
  5.38
  5.35
  5.31
Revenue, $m
  3,345
  3,711
  4,094
  4,496
  4,916
  5,353
  5,808
  6,282
  6,775
  7,287
  7,819
  8,372
  8,946
  9,544
  10,165
  10,811
  11,484
  12,185
  12,915
  13,676
  14,469
  15,297
  16,161
  17,064
  18,007
  18,993
  20,023
  21,101
  22,229
  23,410
Variable operating expenses, $m
  2,690
  2,975
  3,274
  3,587
  3,914
  4,255
  4,610
  4,979
  5,363
  5,762
  6,095
  6,526
  6,973
  7,439
  7,923
  8,427
  8,952
  9,498
  10,067
  10,660
  11,278
  11,924
  12,597
  13,301
  14,036
  14,804
  15,608
  16,448
  17,327
  18,247
Fixed operating expenses, $m
  61
  63
  64
  65
  67
  68
  70
  71
  73
  75
  76
  78
  80
  81
  83
  85
  87
  89
  91
  93
  95
  97
  99
  101
  103
  106
  108
  110
  113
  115
Total operating expenses, $m
  2,751
  3,038
  3,338
  3,652
  3,981
  4,323
  4,680
  5,050
  5,436
  5,837
  6,171
  6,604
  7,053
  7,520
  8,006
  8,512
  9,039
  9,587
  10,158
  10,753
  11,373
  12,021
  12,696
  13,402
  14,139
  14,910
  15,716
  16,558
  17,440
  18,362
Operating income, $m
  594
  673
  756
  844
  935
  1,030
  1,129
  1,231
  1,339
  1,450
  1,648
  1,768
  1,893
  2,023
  2,159
  2,299
  2,446
  2,598
  2,757
  2,923
  3,096
  3,277
  3,465
  3,662
  3,868
  4,083
  4,308
  4,543
  4,789
  5,047
EBITDA, $m
  822
  917
  1,017
  1,122
  1,231
  1,346
  1,464
  1,588
  1,716
  1,850
  1,989
  2,133
  2,283
  2,439
  2,602
  2,771
  2,946
  3,130
  3,320
  3,519
  3,727
  3,944
  4,170
  4,406
  4,653
  4,911
  5,181
  5,463
  5,759
  6,068
Interest expense (income), $m
  7
  22
  31
  42
  52
  63
  75
  87
  100
  113
  127
  141
  156
  171
  187
  204
  221
  239
  257
  277
  297
  318
  340
  363
  387
  412
  439
  466
  495
  525
  556
Earnings before tax, $m
  572
  642
  715
  791
  871
  955
  1,041
  1,132
  1,226
  1,323
  1,507
  1,613
  1,722
  1,836
  1,955
  2,078
  2,207
  2,341
  2,480
  2,626
  2,778
  2,936
  3,102
  3,275
  3,455
  3,644
  3,842
  4,048
  4,265
  4,491
Tax expense, $m
  154
  173
  193
  214
  235
  258
  281
  306
  331
  357
  407
  435
  465
  496
  528
  561
  596
  632
  670
  709
  750
  793
  837
  884
  933
  984
  1,037
  1,093
  1,152
  1,213
Net income, $m
  418
  468
  522
  578
  636
  697
  760
  826
  895
  966
  1,100
  1,177
  1,257
  1,340
  1,427
  1,517
  1,611
  1,709
  1,811
  1,917
  2,028
  2,143
  2,264
  2,390
  2,522
  2,660
  2,804
  2,955
  3,113
  3,279

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
  3,532
  3,918
  4,324
  4,748
  5,191
  5,653
  6,134
  6,634
  7,154
  7,695
  8,256
  8,840
  9,447
  10,078
  10,734
  11,416
  12,127
  12,867
  13,638
  14,441
  15,279
  16,153
  17,066
  18,019
  19,015
  20,056
  21,144
  22,282
  23,473
  24,720
Adjusted assets (=assets-cash), $m
  3,532
  3,918
  4,324
  4,748
  5,191
  5,653
  6,134
  6,634
  7,154
  7,695
  8,256
  8,840
  9,447
  10,078
  10,734
  11,416
  12,127
  12,867
  13,638
  14,441
  15,279
  16,153
  17,066
  18,019
  19,015
  20,056
  21,144
  22,282
  23,473
  24,720
Revenue / Adjusted assets
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
  0.947
Average production assets, $m
  1,458
  1,618
  1,785
  1,960
  2,143
  2,334
  2,532
  2,739
  2,954
  3,177
  3,409
  3,650
  3,901
  4,161
  4,432
  4,714
  5,007
  5,313
  5,631
  5,963
  6,309
  6,670
  7,046
  7,440
  7,851
  8,281
  8,730
  9,200
  9,692
  10,207
Working capital, $m
  -271
  -301
  -332
  -364
  -398
  -434
  -470
  -509
  -549
  -590
  -633
  -678
  -725
  -773
  -823
  -876
  -930
  -987
  -1,046
  -1,108
  -1,172
  -1,239
  -1,309
  -1,382
  -1,459
  -1,538
  -1,622
  -1,709
  -1,801
  -1,896
Total debt, $m
  582
  770
  968
  1,174
  1,390
  1,615
  1,849
  2,093
  2,346
  2,609
  2,883
  3,167
  3,463
  3,770
  4,090
  4,422
  4,768
  5,128
  5,504
  5,895
  6,303
  6,729
  7,173
  7,637
  8,122
  8,629
  9,159
  9,714
  10,294
  10,901
Total liabilities, $m
  1,720
  1,908
  2,106
  2,312
  2,528
  2,753
  2,987
  3,231
  3,484
  3,747
  4,021
  4,305
  4,601
  4,908
  5,227
  5,560
  5,906
  6,266
  6,641
  7,033
  7,441
  7,867
  8,311
  8,775
  9,260
  9,767
  10,297
  10,851
  11,432
  12,039
Total equity, $m
  1,812
  2,010
  2,218
  2,436
  2,663
  2,900
  3,146
  3,403
  3,670
  3,947
  4,236
  4,535
  4,846
  5,170
  5,507
  5,857
  6,221
  6,601
  6,996
  7,408
  7,838
  8,287
  8,755
  9,244
  9,755
  10,289
  10,847
  11,431
  12,042
  12,681
Total liabilities and equity, $m
  3,532
  3,918
  4,324
  4,748
  5,191
  5,653
  6,133
  6,634
  7,154
  7,694
  8,257
  8,840
  9,447
  10,078
  10,734
  11,417
  12,127
  12,867
  13,637
  14,441
  15,279
  16,154
  17,066
  18,019
  19,015
  20,056
  21,144
  22,282
  23,474
  24,720
Debt-to-equity ratio
  0.320
  0.380
  0.440
  0.480
  0.520
  0.560
  0.590
  0.610
  0.640
  0.660
  0.680
  0.700
  0.710
  0.730
  0.740
  0.760
  0.770
  0.780
  0.790
  0.800
  0.800
  0.810
  0.820
  0.830
  0.830
  0.840
  0.840
  0.850
  0.850
  0.860
Adjusted equity ratio
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513
  0.513

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  418
  468
  522
  578
  636
  697
  760
  826
  895
  966
  1,100
  1,177
  1,257
  1,340
  1,427
  1,517
  1,611
  1,709
  1,811
  1,917
  2,028
  2,143
  2,264
  2,390
  2,522
  2,660
  2,804
  2,955
  3,113
  3,279
Depreciation, amort., depletion, $m
  228
  244
  261
  279
  297
  316
  336
  356
  378
  400
  341
  365
  390
  416
  443
  471
  501
  531
  563
  596
  631
  667
  705
  744
  785
  828
  873
  920
  969
  1,021
Funds from operations, $m
  646
  713
  783
  856
  933
  1,013
  1,096
  1,183
  1,273
  1,366
  1,441
  1,542
  1,647
  1,757
  1,870
  1,989
  2,112
  2,240
  2,374
  2,513
  2,659
  2,810
  2,969
  3,134
  3,307
  3,488
  3,677
  3,875
  4,083
  4,299
Change in working capital, $m
  -28
  -30
  -31
  -33
  -34
  -35
  -37
  -38
  -40
  -41
  -43
  -45
  -47
  -48
  -50
  -52
  -54
  -57
  -59
  -62
  -64
  -67
  -70
  -73
  -76
  -80
  -83
  -87
  -91
  -96
Cash from operations, $m
  674
  742
  814
  889
  967
  1,048
  1,133
  1,221
  1,312
  1,408
  1,484
  1,587
  1,694
  1,805
  1,921
  2,041
  2,166
  2,297
  2,433
  2,575
  2,723
  2,877
  3,039
  3,208
  3,384
  3,568
  3,761
  3,963
  4,174
  4,395
Maintenance CAPEX, $m
  -131
  -146
  -162
  -179
  -196
  -214
  -233
  -253
  -274
  -295
  -318
  -341
  -365
  -390
  -416
  -443
  -471
  -501
  -531
  -563
  -596
  -631
  -667
  -705
  -744
  -785
  -828
  -873
  -920
  -969
New CAPEX, $m
  -150
  -160
  -167
  -175
  -183
  -191
  -199
  -207
  -215
  -223
  -232
  -241
  -251
  -260
  -271
  -282
  -293
  -305
  -318
  -332
  -346
  -361
  -377
  -394
  -411
  -430
  -449
  -470
  -492
  -515
Cash from investing activities, $m
  -281
  -306
  -329
  -354
  -379
  -405
  -432
  -460
  -489
  -518
  -550
  -582
  -616
  -650
  -687
  -725
  -764
  -806
  -849
  -895
  -942
  -992
  -1,044
  -1,099
  -1,155
  -1,215
  -1,277
  -1,343
  -1,412
  -1,484
Free cash flow, $m
  393
  437
  485
  535
  588
  643
  701
  761
  824
  889
  935
  1,005
  1,078
  1,154
  1,234
  1,316
  1,402
  1,491
  1,583
  1,680
  1,781
  1,886
  1,995
  2,109
  2,229
  2,353
  2,484
  2,620
  2,762
  2,911
Issuance/(repayment) of debt, $m
  179
  188
  197
  207
  216
  225
  234
  244
  253
  263
  274
  284
  296
  307
  319
  332
  346
  360
  375
  391
  408
  426
  444
  464
  485
  507
  530
  554
  580
  607
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  
  179
  188
  197
  207
  216
  225
  234
  244
  253
  263
  274
  284
  296
  307
  319
  332
  346
  360
  375
  391
  408
  426
  444
  464
  485
  507
  530
  554
  580
  607
Total cash flow (excl. dividends), $m
  572
  625
  682
  742
  804
  868
  935
  1,005
  1,077
  1,152
  1,208
  1,289
  1,374
  1,462
  1,553
  1,648
  1,748
  1,851
  1,959
  2,071
  2,189
  2,311
  2,440
  2,574
  2,714
  2,860
  3,014
  3,174
  3,342
  3,518
Retained Cash Flow (-), $m
  -187
  -198
  -208
  -218
  -227
  -237
  -247
  -257
  -267
  -277
  -288
  -300
  -311
  -324
  -337
  -350
  -364
  -380
  -395
  -412
  -430
  -449
  -468
  -489
  -511
  -534
  -558
  -584
  -611
  -640
Prev. year cash balance distribution, $m
  24
  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
  9
  10
  11
  12
  13
  15
  16
  17
  19
  20
  22
  23
  25
  27
  29
  30
  32
  34
  37
  39
  41
  43
  46
  48
  51
  54
  57
  60
  63
  67
Cash available for distribution, $m
  409
  427
  474
  524
  576
  631
  688
  748
  810
  875
  920
  990
  1,063
  1,138
  1,217
  1,298
  1,383
  1,471
  1,563
  1,659
  1,759
  1,863
  1,971
  2,085
  2,203
  2,326
  2,455
  2,590
  2,731
  2,879
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
  392
  391
  413
  431
  447
  458
  465
  468
  465
  459
  437
  422
  404
  382
  357
  330
  301
  271
  241
  211
  182
  155
  129
  106
  86
  68
  53
  40
  30
  22
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

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company's Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products. Both segments primarily manufacture and market in their respective regions of the world. Its North America segment manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. It also manufactures and markets in-home air purification products in China. It serves residential and commercial end markets in North America with a range of products, which include water heaters, boilers and other. It supplies water heaters to the residential market in China with a broad product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

FINANCIAL RATIOS  of  A.O. Smith (AOS)

Valuation Ratios
P/E Ratio 31.5
Price to Sales 3.8
Price to Book 6.8
Price to Tangible Book
Price to Cash Flow 23.1
Price to Free Cash Flow 28.2
Growth Rates
Sales Growth Rate 5.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 11%
Cap. Spend. - 3 Yr. Gr. Rate -3.7%
Financial Strength
Quick Ratio 108
Current Ratio 0
LT Debt to Equity 20.9%
Total Debt to Equity 21.4%
Interest Coverage 67
Management Effectiveness
Return On Assets 12%
Ret/ On Assets - 3 Yr. Avg. 10.6%
Return On Total Capital 18.5%
Ret/ On T. Cap. - 3 Yr. Avg. 16.3%
Return On Equity 22.1%
Return On Equity - 3 Yr. Avg. 19.2%
Asset Turnover 1
Profitability Ratios
Gross Margin 41.7%
Gross Margin - 3 Yr. Avg. 39.3%
EBITDA Margin 19.9%
EBITDA Margin - 3 Yr. Avg. 17.8%
Operating Margin 17.2%
Oper. Margin - 3 Yr. Avg. 15.1%
Pre-Tax Margin 17.2%
Pre-Tax Margin - 3 Yr. Avg. 15.1%
Net Profit Margin 12.2%
Net Profit Margin - 3 Yr. Avg. 10.7%
Effective Tax Rate 29.4%
Eff/ Tax Rate - 3 Yr. Avg. 28.9%
Payout Ratio 25.7%

AOS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AOS stock intrinsic value calculation we used $2997 million for the last fiscal year's total revenue generated by A.O. Smith. The default revenue input number comes from 2017 income statement of A.O. Smith. 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 AOS stock valuation model: a) initial revenue growth rate of 11.6% 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 AOS is calculated based on our internal credit rating of A.O. Smith, 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 A.O. Smith.
    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 AOS stock the variable cost ratio is equal to 80.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $60 million in the base year in the intrinsic value calculation for AOS 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 A.O. Smith.

Corporate tax rate of 27% is the nominal tax rate for A.O. Smith. 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 AOS stock is equal to 0.3%.

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 AOS are equal to 43.6%.

Life of production assets of 10 years is the average useful life of capital assets used in A.O. Smith 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 AOS is equal to -8.1%. 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 - $1649 million for A.O. Smith - 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 172 million for A.O. Smith 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 A.O. Smith at the current share price and the inputted number of shares is $10.2 billion.

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COMPANY NEWS

▶ 10 Dividend Stocks That Will Double Your Money   [Jul-16-18 11:55AM  InvestorPlace]
▶ A.O. Smith names Wheeler new CEO as Rajendra transitions to executive chairman   [Jul-11-18 10:41AM  American City Business Journals]
▶ A. O. Smith declares quarterly dividend   [Jul-09-18 07:43PM  PR Newswire]
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▶ A.O. Smith: 1Q Earnings Snapshot   [06:23AM  Associated Press]
▶ 3 Top Stocks You Can Buy and Hold for the Next Decade   [Apr-24-18 07:47AM  Motley Fool]
▶ Is A O. Smith Corporation (NYSE:AOS) Undervalued?   [Apr-18-18 02:37PM  Simply Wall St.]
▶ A. O. Smith declares quarterly dividend   [Apr-09-18 05:50PM  PR Newswire]
▶ Why A.O. Smith Is a Retiree's Dream Stock   [Mar-30-18 10:17AM  Motley Fool]
▶ 3 Stocks That Could Put Tesla's Returns to Shame   [Mar-25-18 09:00AM  Motley Fool]
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▶ 3 Stocks That Could Double Your Money   [08:00AM  Motley Fool]
▶ A.O. Smith Sees Plenty of Room to Run   [Mar-15-18 09:50AM  Motley Fool]
▶ 3 Growth Stocks for In-the-Know Investors   [Mar-14-18 11:19AM  Motley Fool]
▶ 3 Growth Stocks for Successful Investors   [Mar-05-18 07:49PM  Motley Fool]
▶ A.O. Smith tops Street 4Q forecasts   [07:12AM  Associated Press]
▶ If You're in Your 40s, Consider Buying These 3 Stocks   [Jan-29-18 09:04PM  Motley Fool]
▶ 5 Companies Hit 52-Week Highs   [Jan-23-18 10:37AM  GuruFocus.com]
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▶ 3 Growth Stocks for Successful Investors   [Dec-13-17 08:17AM  Motley Fool]
▶ In Your 40s? 2 Stocks You Might Want to Buy   [Dec-10-17 09:03AM  Motley Fool]
▶ Should You Sell A O Smith Corporation (AOS) At This PE Ratio?   [Dec-07-17 07:43PM  Simply Wall St.]
▶ Why A.O. Smith Corporation Stock Surged in November   [Dec-06-17 07:53AM  Motley Fool]
▶ 3 Stocks That Look Like Apple in 2008   [Dec-03-17 09:02AM  Motley Fool]
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▶ A.O. Smith tops Street 3Q forecasts   [07:11AM  Associated Press]
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