Intrinsic value of Arconic Inc. - ARNC

Previous Close

$25.99

  Intrinsic Value

$56.19

stock screener

  Rating & Target

str. buy

+116%

Previous close

$25.99

 
Intrinsic value

$56.19

 
Up/down potential

+116%

 
Rating

str. buy

We calculate the intrinsic value of ARNC 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 12.6

 

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, %
  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
  5.28
  5.25
  5.23
  5.20
  5.18
  5.17
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.06
  5.06
  5.05
Revenue, $m
  14,869
  15,759
  16,688
  17,656
  18,666
  19,721
  20,822
  21,973
  23,176
  24,433
  25,748
  27,125
  28,565
  30,073
  31,653
  33,307
  35,040
  36,857
  38,760
  40,756
  42,848
  45,042
  47,343
  49,756
  52,288
  54,944
  57,730
  60,653
  63,721
  66,940
Variable operating expenses, $m
  2,911
  3,053
  3,201
  3,355
  3,516
  3,684
  3,860
  4,043
  4,235
  4,435
  4,103
  4,322
  4,551
  4,792
  5,043
  5,307
  5,583
  5,872
  6,176
  6,494
  6,827
  7,177
  7,543
  7,928
  8,331
  8,754
  9,198
  9,664
  10,153
  10,666
Fixed operating expenses, $m
  10,351
  10,579
  10,811
  11,049
  11,292
  11,541
  11,795
  12,054
  12,319
  12,590
  12,867
  13,150
  13,440
  13,735
  14,037
  14,346
  14,662
  14,984
  15,314
  15,651
  15,995
  16,347
  16,707
  17,074
  17,450
  17,834
  18,226
  18,627
  19,037
  19,456
Total operating expenses, $m
  13,262
  13,632
  14,012
  14,404
  14,808
  15,225
  15,655
  16,097
  16,554
  17,025
  16,970
  17,472
  17,991
  18,527
  19,080
  19,653
  20,245
  20,856
  21,490
  22,145
  22,822
  23,524
  24,250
  25,002
  25,781
  26,588
  27,424
  28,291
  29,190
  30,122
Operating income, $m
  1,607
  2,128
  2,676
  3,252
  3,858
  4,496
  5,168
  5,876
  6,622
  7,408
  8,779
  9,653
  10,574
  11,547
  12,572
  13,654
  14,795
  16,000
  17,271
  18,611
  20,026
  21,518
  23,093
  24,754
  26,507
  28,355
  30,305
  32,362
  34,531
  36,818
EBITDA, $m
  2,610
  3,158
  3,735
  4,341
  4,978
  5,649
  6,355
  7,099
  7,882
  8,707
  9,577
  10,493
  11,459
  12,478
  13,553
  14,686
  15,881
  17,142
  18,472
  19,874
  21,354
  22,914
  24,560
  26,296
  28,127
  30,058
  32,094
  34,241
  36,505
  38,893
Interest expense (income), $m
  524
  361
  406
  454
  503
  555
  609
  665
  724
  785
  849
  917
  987
  1,060
  1,137
  1,217
  1,302
  1,390
  1,482
  1,579
  1,681
  1,787
  1,899
  2,016
  2,139
  2,268
  2,403
  2,544
  2,693
  2,849
  3,013
Earnings before tax, $m
  1,246
  1,722
  2,222
  2,749
  3,303
  3,887
  4,503
  5,152
  5,837
  6,559
  7,862
  8,666
  9,514
  10,410
  11,355
  12,352
  13,406
  14,517
  15,691
  16,930
  18,239
  19,619
  21,077
  22,615
  24,239
  25,953
  27,761
  29,669
  31,682
  33,806
Tax expense, $m
  336
  465
  600
  742
  892
  1,050
  1,216
  1,391
  1,576
  1,771
  2,123
  2,340
  2,569
  2,811
  3,066
  3,335
  3,619
  3,920
  4,237
  4,571
  4,924
  5,297
  5,691
  6,106
  6,545
  7,007
  7,495
  8,011
  8,554
  9,128
Net income, $m
  910
  1,257
  1,622
  2,006
  2,411
  2,838
  3,287
  3,761
  4,261
  4,788
  5,739
  6,326
  6,945
  7,599
  8,289
  9,017
  9,786
  10,598
  11,455
  12,359
  13,314
  14,322
  15,386
  16,509
  17,695
  18,946
  20,266
  21,658
  23,128
  24,678

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
  19,825
  21,013
  22,251
  23,541
  24,888
  26,295
  27,763
  29,297
  30,901
  32,578
  34,331
  36,166
  38,087
  40,098
  42,204
  44,409
  46,720
  49,142
  51,680
  54,341
  57,131
  60,056
  63,124
  66,342
  69,717
  73,258
  76,973
  80,871
  84,961
  89,253
Adjusted assets (=assets-cash), $m
  19,825
  21,013
  22,251
  23,541
  24,888
  26,295
  27,763
  29,297
  30,901
  32,578
  34,331
  36,166
  38,087
  40,098
  42,204
  44,409
  46,720
  49,142
  51,680
  54,341
  57,131
  60,056
  63,124
  66,342
  69,717
  73,258
  76,973
  80,871
  84,961
  89,253
Revenue / Adjusted assets
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
  0.750
Average production assets, $m
  8,892
  9,424
  9,979
  10,558
  11,162
  11,793
  12,452
  13,140
  13,859
  14,611
  15,398
  16,221
  17,082
  17,984
  18,928
  19,918
  20,954
  22,040
  23,179
  24,372
  25,623
  26,935
  28,311
  29,754
  31,268
  32,856
  34,522
  36,271
  38,105
  40,030
Working capital, $m
  1,294
  1,371
  1,452
  1,536
  1,624
  1,716
  1,812
  1,912
  2,016
  2,126
  2,240
  2,360
  2,485
  2,616
  2,754
  2,898
  3,049
  3,207
  3,372
  3,546
  3,728
  3,919
  4,119
  4,329
  4,549
  4,780
  5,022
  5,277
  5,544
  5,824
Total debt, $m
  7,127
  7,961
  8,830
  9,736
  10,682
  11,669
  12,700
  13,777
  14,902
  16,079
  17,311
  18,599
  19,947
  21,359
  22,837
  24,385
  26,008
  27,708
  29,490
  31,358
  33,316
  35,370
  37,523
  39,782
  42,152
  44,637
  47,245
  49,981
  52,853
  55,866
Total liabilities, $m
  13,917
  14,751
  15,620
  16,526
  17,472
  18,459
  19,490
  20,567
  21,692
  22,869
  24,101
  25,389
  26,737
  28,149
  29,627
  31,175
  32,798
  34,498
  36,280
  38,148
  40,106
  42,160
  44,313
  46,572
  48,942
  51,427
  54,035
  56,771
  59,643
  62,656
Total equity, $m
  5,908
  6,262
  6,631
  7,015
  7,417
  7,836
  8,273
  8,731
  9,208
  9,708
  10,231
  10,778
  11,350
  11,949
  12,577
  13,234
  13,923
  14,644
  15,401
  16,194
  17,025
  17,897
  18,811
  19,770
  20,776
  21,831
  22,938
  24,100
  25,318
  26,597
Total liabilities and equity, $m
  19,825
  21,013
  22,251
  23,541
  24,889
  26,295
  27,763
  29,298
  30,900
  32,577
  34,332
  36,167
  38,087
  40,098
  42,204
  44,409
  46,721
  49,142
  51,681
  54,342
  57,131
  60,057
  63,124
  66,342
  69,718
  73,258
  76,973
  80,871
  84,961
  89,253
Debt-to-equity ratio
  1.210
  1.270
  1.330
  1.390
  1.440
  1.490
  1.530
  1.580
  1.620
  1.660
  1.690
  1.730
  1.760
  1.790
  1.820
  1.840
  1.870
  1.890
  1.910
  1.940
  1.960
  1.980
  1.990
  2.010
  2.030
  2.040
  2.060
  2.070
  2.090
  2.100
Adjusted equity ratio
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298
  0.298

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  910
  1,257
  1,622
  2,006
  2,411
  2,838
  3,287
  3,761
  4,261
  4,788
  5,739
  6,326
  6,945
  7,599
  8,289
  9,017
  9,786
  10,598
  11,455
  12,359
  13,314
  14,322
  15,386
  16,509
  17,695
  18,946
  20,266
  21,658
  23,128
  24,678
Depreciation, amort., depletion, $m
  1,003
  1,030
  1,059
  1,089
  1,120
  1,153
  1,187
  1,223
  1,260
  1,299
  798
  840
  885
  932
  981
  1,032
  1,086
  1,142
  1,201
  1,263
  1,328
  1,396
  1,467
  1,542
  1,620
  1,702
  1,789
  1,879
  1,974
  2,074
Funds from operations, $m
  1,912
  2,287
  2,681
  3,095
  3,532
  3,991
  4,474
  4,984
  5,521
  6,087
  6,537
  7,167
  7,830
  8,531
  9,270
  10,049
  10,872
  11,740
  12,656
  13,622
  14,642
  15,718
  16,853
  18,051
  19,315
  20,648
  22,054
  23,538
  25,102
  26,752
Change in working capital, $m
  74
  77
  81
  84
  88
  92
  96
  100
  105
  109
  114
  120
  125
  131
  137
  144
  151
  158
  166
  174
  182
  191
  200
  210
  220
  231
  242
  254
  267
  280
Cash from operations, $m
  1,838
  2,210
  2,600
  3,011
  3,444
  3,899
  4,378
  4,884
  5,416
  5,977
  6,423
  7,047
  7,705
  8,400
  9,132
  9,905
  10,721
  11,582
  12,490
  13,448
  14,460
  15,527
  16,653
  17,841
  19,095
  20,417
  21,812
  23,283
  24,835
  26,472
Maintenance CAPEX, $m
  -434
  -461
  -488
  -517
  -547
  -578
  -611
  -645
  -681
  -718
  -757
  -798
  -840
  -885
  -932
  -981
  -1,032
  -1,086
  -1,142
  -1,201
  -1,263
  -1,328
  -1,396
  -1,467
  -1,542
  -1,620
  -1,702
  -1,789
  -1,879
  -1,974
New CAPEX, $m
  -507
  -533
  -555
  -579
  -604
  -631
  -659
  -688
  -719
  -752
  -787
  -823
  -861
  -902
  -944
  -989
  -1,036
  -1,086
  -1,138
  -1,193
  -1,251
  -1,312
  -1,376
  -1,443
  -1,514
  -1,588
  -1,666
  -1,748
  -1,834
  -1,925
Cash from investing activities, $m
  -941
  -994
  -1,043
  -1,096
  -1,151
  -1,209
  -1,270
  -1,333
  -1,400
  -1,470
  -1,544
  -1,621
  -1,701
  -1,787
  -1,876
  -1,970
  -2,068
  -2,172
  -2,280
  -2,394
  -2,514
  -2,640
  -2,772
  -2,910
  -3,056
  -3,208
  -3,368
  -3,537
  -3,713
  -3,899
Free cash flow, $m
  896
  1,216
  1,557
  1,915
  2,292
  2,690
  3,109
  3,550
  4,016
  4,507
  4,879
  5,426
  6,003
  6,613
  7,256
  7,935
  8,652
  9,410
  10,210
  11,054
  11,946
  12,887
  13,881
  14,931
  16,039
  17,209
  18,443
  19,746
  21,122
  22,573
Issuance/(repayment) of debt, $m
  797
  834
  869
  906
  946
  987
  1,031
  1,077
  1,126
  1,177
  1,231
  1,288
  1,348
  1,412
  1,478
  1,548
  1,622
  1,700
  1,782
  1,868
  1,958
  2,054
  2,154
  2,259
  2,369
  2,486
  2,608
  2,736
  2,871
  3,013
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  
  797
  834
  869
  906
  946
  987
  1,031
  1,077
  1,126
  1,177
  1,231
  1,288
  1,348
  1,412
  1,478
  1,548
  1,622
  1,700
  1,782
  1,868
  1,958
  2,054
  2,154
  2,259
  2,369
  2,486
  2,608
  2,736
  2,871
  3,013
Total cash flow (excl. dividends), $m
  1,693
  2,050
  2,426
  2,821
  3,238
  3,677
  4,140
  4,627
  5,142
  5,684
  6,110
  6,714
  7,352
  8,024
  8,734
  9,484
  10,275
  11,110
  11,991
  12,922
  13,904
  14,941
  16,035
  17,190
  18,408
  19,694
  21,051
  22,483
  23,993
  25,586
Retained Cash Flow (-), $m
  -335
  -354
  -369
  -385
  -401
  -419
  -438
  -457
  -478
  -500
  -523
  -547
  -572
  -599
  -628
  -657
  -689
  -722
  -756
  -793
  -831
  -872
  -914
  -959
  -1,006
  -1,055
  -1,107
  -1,162
  -1,219
  -1,279
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
  1,359
  1,696
  2,057
  2,437
  2,837
  3,258
  3,702
  4,170
  4,664
  5,185
  5,588
  6,167
  6,779
  7,425
  8,107
  8,826
  9,586
  10,388
  11,235
  12,129
  13,073
  14,069
  15,121
  16,231
  17,403
  18,639
  19,944
  21,321
  22,774
  24,307
Discount rate, %
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.18
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.20
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.37
  29.79
  31.28
PV of cash for distribution, $m
  1,263
  1,455
  1,616
  1,739
  1,824
  1,869
  1,878
  1,850
  1,790
  1,701
  1,548
  1,423
  1,285
  1,139
  990
  844
  705
  577
  462
  361
  276
  206
  149
  106
  73
  48
  31
  20
  12
  7
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

Arconic Inc., formerly Alcoa Inc., is engaged in lightweight metals engineering and manufacturing. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging. The Global Rolled Products segment produces a range of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. The Engineered Products and Solutions segment develops and manufactures products for the aerospace (commercial and defense), commercial transportation and power generation end markets. The Transportation and Construction Solutions segment produces products that are used in the non-residential building and construction and commercial transportation end markets.

FINANCIAL RATIOS  of  Arconic Inc. (ARNC)

Valuation Ratios
P/E Ratio -12.1
Price to Sales 0.9
Price to Book 2.2
Price to Tangible Book
Price to Cash Flow 13.1
Price to Free Cash Flow -44.7
Growth Rates
Sales Growth Rate -0.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -4.7%
Cap. Spend. - 3 Yr. Gr. Rate -1.2%
Financial Strength
Quick Ratio 47
Current Ratio 0
LT Debt to Equity 157.3%
Total Debt to Equity 158%
Interest Coverage 2
Management Effectiveness
Return On Assets -8.1%
Ret/ On Assets - 3 Yr. Avg. -3.3%
Return On Total Capital -5.5%
Ret/ On T. Cap. - 3 Yr. Avg. -1.9%
Return On Equity -11%
Return On Equity - 3 Yr. Avg. -3.8%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 20.8%
Gross Margin - 3 Yr. Avg. 19%
EBITDA Margin 16.7%
EBITDA Margin - 3 Yr. Avg. 15.9%
Operating Margin 6.6%
Oper. Margin - 3 Yr. Avg. 5.4%
Pre-Tax Margin 3.3%
Pre-Tax Margin - 3 Yr. Avg. 1.9%
Net Profit Margin -7.6%
Net Profit Margin - 3 Yr. Avg. -2.7%
Effective Tax Rate 356.5%
Eff/ Tax Rate - 3 Yr. Avg. 231.9%
Payout Ratio -24.2%

ARNC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ARNC stock intrinsic value calculation we used $14014 million for the last fiscal year's total revenue generated by Arconic Inc.. The default revenue input number comes from 0001 income statement of Arconic Inc.. 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 ARNC stock valuation model: a) initial revenue growth rate of 6.1% 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 7.6%, whose default value for ARNC is calculated based on our internal credit rating of Arconic Inc., 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 Arconic Inc..
    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 ARNC stock the variable cost ratio is equal to 19.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $10128 million in the base year in the intrinsic value calculation for ARNC 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 5.7% for Arconic Inc..

Corporate tax rate of 27% is the nominal tax rate for Arconic Inc.. 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 ARNC 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 ARNC are equal to 59.8%.

Life of production assets of 19.3 years is the average useful life of capital assets used in Arconic Inc. 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 ARNC is equal to 8.7%. 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 - $5573 million for Arconic Inc. - 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 484.992 million for Arconic Inc. 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 Arconic Inc. at the current share price and the inputted number of shares is $12.6 billion.

RELATED COMPANIES Price Int.Val. Rating
ARNC Arconic Inc. 25.99 60.26  str.buy
AA Alcoa Corporat 19.11 112.30  str.buy
ACH Aluminum Corpo 7.88 44.30  str.buy
KALU Kaiser Aluminu 92.45 80.81  sell

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