Intrinsic value of Archrock - AROC

Previous Close

$9.80

  Intrinsic Value

$2.53

stock screener

  Rating & Target

str. sell

-74%

Previous close

$9.80

 
Intrinsic value

$2.53

 
Up/down potential

-74%

 
Rating

str. sell

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

We calculate the intrinsic value of AROC 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 0.7

 

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, %
  -19.14
  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
  807
  823
  842
  864
  888
  915
  944
  977
  1,011
  1,049
  1,089
  1,132
  1,178
  1,227
  1,279
  1,334
  1,393
  1,455
  1,520
  1,589
  1,662
  1,739
  1,821
  1,906
  1,997
  2,092
  2,192
  2,297
  2,408
  2,525
  2,647
Variable operating expenses, $m
 
  793
  811
  832
  855
  881
  910
  941
  974
  1,010
  1,049
  1,090
  1,135
  1,182
  1,232
  1,285
  1,341
  1,401
  1,464
  1,531
  1,601
  1,675
  1,753
  1,836
  1,923
  2,014
  2,111
  2,212
  2,319
  2,431
  2,549
Fixed operating expenses, $m
 
  38
  39
  40
  41
  42
  43
  44
  45
  46
  47
  49
  50
  51
  52
  54
  55
  56
  58
  59
  61
  62
  64
  65
  67
  69
  70
  72
  74
  76
  78
Total operating expenses, $m
  813
  831
  850
  872
  896
  923
  953
  985
  1,019
  1,056
  1,096
  1,139
  1,185
  1,233
  1,284
  1,339
  1,396
  1,457
  1,522
  1,590
  1,662
  1,737
  1,817
  1,901
  1,990
  2,083
  2,181
  2,284
  2,393
  2,507
  2,627
Operating income, $m
  -6
  -7
  -8
  -8
  -8
  -8
  -8
  -8
  -8
  -7
  -7
  -7
  -6
  -6
  -5
  -4
  -3
  -2
  -1
  0
  1
  2
  4
  5
  7
  9
  11
  13
  15
  18
  20
EBITDA, $m
  203
  207
  211
  217
  223
  230
  238
  246
  256
  266
  276
  288
  300
  314
  328
  343
  359
  376
  394
  413
  433
  455
  477
  501
  526
  553
  581
  611
  642
  675
  709
Interest expense (income), $m
  78
  75
  77
  79
  81
  84
  87
  90
  93
  97
  101
  106
  110
  115
  121
  126
  132
  139
  146
  153
  160
  168
  177
  185
  195
  205
  215
  226
  237
  250
  262
Earnings before tax, $m
  -89
  -82
  -84
  -87
  -89
  -92
  -95
  -98
  -101
  -105
  -108
  -112
  -117
  -121
  -126
  -131
  -136
  -141
  -147
  -153
  -159
  -166
  -173
  -180
  -188
  -196
  -204
  -213
  -222
  -232
  -242
Tax expense, $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
  0
Net income, $m
  -55
  -82
  -84
  -87
  -89
  -92
  -95
  -98
  -101
  -105
  -108
  -112
  -117
  -121
  -126
  -131
  -136
  -141
  -147
  -153
  -159
  -166
  -173
  -180
  -188
  -196
  -204
  -213
  -222
  -232
  -242

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  3
  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
  2,415
  2,457
  2,514
  2,578
  2,651
  2,731
  2,819
  2,915
  3,019
  3,131
  3,251
  3,380
  3,517
  3,663
  3,818
  3,983
  4,158
  4,342
  4,538
  4,744
  4,962
  5,192
  5,435
  5,691
  5,960
  6,244
  6,542
  6,857
  7,188
  7,536
  7,902
Adjusted assets (=assets-cash), $m
  2,412
  2,457
  2,514
  2,578
  2,651
  2,731
  2,819
  2,915
  3,019
  3,131
  3,251
  3,380
  3,517
  3,663
  3,818
  3,983
  4,158
  4,342
  4,538
  4,744
  4,962
  5,192
  5,435
  5,691
  5,960
  6,244
  6,542
  6,857
  7,188
  7,536
  7,902
Revenue / Adjusted assets
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
  0.335
Average production assets, $m
  2,268
  2,313
  2,366
  2,427
  2,495
  2,571
  2,654
  2,744
  2,842
  2,948
  3,061
  3,182
  3,311
  3,448
  3,594
  3,750
  3,914
  4,088
  4,272
  4,466
  4,671
  4,888
  5,116
  5,357
  5,610
  5,878
  6,159
  6,455
  6,766
  7,094
  7,439
Working capital, $m
  109
  108
  110
  113
  116
  120
  124
  128
  133
  137
  143
  148
  154
  161
  168
  175
  182
  191
  199
  208
  218
  228
  239
  250
  262
  274
  287
  301
  315
  331
  347
Total debt, $m
  1,442
  1,473
  1,513
  1,559
  1,609
  1,666
  1,728
  1,795
  1,869
  1,947
  2,032
  2,122
  2,219
  2,321
  2,430
  2,546
  2,669
  2,799
  2,936
  3,081
  3,235
  3,396
  3,567
  3,746
  3,936
  4,135
  4,345
  4,566
  4,799
  5,044
  5,301
Total liabilities, $m
  1,696
  1,727
  1,767
  1,813
  1,863
  1,920
  1,982
  2,049
  2,123
  2,201
  2,286
  2,376
  2,473
  2,575
  2,684
  2,800
  2,923
  3,053
  3,190
  3,335
  3,489
  3,650
  3,821
  4,000
  4,190
  4,389
  4,599
  4,820
  5,053
  5,298
  5,555
Total equity, $m
  719
  730
  747
  766
  787
  811
  837
  866
  897
  930
  966
  1,004
  1,045
  1,088
  1,134
  1,183
  1,235
  1,290
  1,348
  1,409
  1,474
  1,542
  1,614
  1,690
  1,770
  1,854
  1,943
  2,037
  2,135
  2,238
  2,347
Total liabilities and equity, $m
  2,415
  2,457
  2,514
  2,579
  2,650
  2,731
  2,819
  2,915
  3,020
  3,131
  3,252
  3,380
  3,518
  3,663
  3,818
  3,983
  4,158
  4,343
  4,538
  4,744
  4,963
  5,192
  5,435
  5,690
  5,960
  6,243
  6,542
  6,857
  7,188
  7,536
  7,902
Debt-to-equity ratio
  2.006
  2.020
  2.030
  2.040
  2.040
  2.050
  2.060
  2.070
  2.080
  2.090
  2.100
  2.110
  2.120
  2.130
  2.140
  2.150
  2.160
  2.170
  2.180
  2.190
  2.190
  2.200
  2.210
  2.220
  2.220
  2.230
  2.240
  2.240
  2.250
  2.250
  2.260
Adjusted equity ratio
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -55
  -82
  -84
  -87
  -89
  -92
  -95
  -98
  -101
  -105
  -108
  -112
  -117
  -121
  -126
  -131
  -136
  -141
  -147
  -153
  -159
  -166
  -173
  -180
  -188
  -196
  -204
  -213
  -222
  -232
  -242
Depreciation, amort., depletion, $m
  209
  214
  219
  225
  231
  238
  246
  254
  263
  273
  283
  295
  307
  319
  333
  347
  362
  378
  396
  414
  433
  453
  474
  496
  519
  544
  570
  598
  627
  657
  689
Funds from operations, $m
  323
  132
  135
  138
  142
  146
  151
  156
  162
  168
  175
  182
  190
  198
  207
  217
  227
  237
  249
  261
  273
  287
  301
  316
  332
  348
  366
  385
  404
  425
  447
Change in working capital, $m
  49
  2
  2
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  14
  15
  15
  16
Cash from operations, $m
  274
  130
  132
  135
  139
  143
  147
  152
  158
  163
  170
  177
  184
  192
  200
  209
  219
  229
  240
  251
  264
  277
  290
  305
  320
  336
  353
  371
  390
  410
  431
Maintenance CAPEX, $m
  0
  -210
  -214
  -219
  -225
  -231
  -238
  -246
  -254
  -263
  -273
  -283
  -295
  -307
  -319
  -333
  -347
  -362
  -378
  -396
  -414
  -433
  -453
  -474
  -496
  -519
  -544
  -570
  -598
  -627
  -657
New CAPEX, $m
  -118
  -46
  -53
  -61
  -68
  -76
  -83
  -90
  -98
  -105
  -113
  -121
  -129
  -137
  -146
  -155
  -164
  -174
  -184
  -194
  -205
  -217
  -228
  -241
  -254
  -267
  -281
  -296
  -311
  -328
  -345
Cash from investing activities, $m
  -89
  -256
  -267
  -280
  -293
  -307
  -321
  -336
  -352
  -368
  -386
  -404
  -424
  -444
  -465
  -488
  -511
  -536
  -562
  -590
  -619
  -650
  -681
  -715
  -750
  -786
  -825
  -866
  -909
  -955
  -1,002
Free cash flow, $m
  185
  -126
  -135
  -145
  -154
  -164
  -174
  -184
  -194
  -205
  -216
  -228
  -240
  -252
  -265
  -279
  -293
  -307
  -322
  -338
  -355
  -373
  -391
  -410
  -430
  -451
  -473
  -495
  -519
  -544
  -571
Issuance/(repayment) of debt, $m
  -139
  31
  40
  45
  51
  56
  62
  67
  73
  79
  84
  90
  96
  103
  109
  116
  123
  130
  137
  145
  153
  162
  171
  180
  189
  199
  210
  221
  233
  245
  257
Issuance/(repurchase) of shares, $m
  -2
  96
  101
  106
  111
  116
  121
  126
  132
  138
  144
  150
  157
  164
  172
  180
  188
  196
  205
  214
  224
  234
  245
  256
  268
  280
  293
  306
  321
  335
  351
Cash from financing (excl. dividends), $m  
  -148
  127
  141
  151
  162
  172
  183
  193
  205
  217
  228
  240
  253
  267
  281
  296
  311
  326
  342
  359
  377
  396
  416
  436
  457
  479
  503
  527
  554
  580
  608
Total cash flow (excl. dividends), $m
  37
  2
  6
  7
  7
  8
  9
  10
  11
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  34
  35
  37
Retained Cash Flow (-), $m
  15
  -96
  -101
  -106
  -111
  -116
  -121
  -126
  -132
  -138
  -144
  -150
  -157
  -164
  -172
  -180
  -188
  -196
  -205
  -214
  -224
  -234
  -245
  -256
  -268
  -280
  -293
  -306
  -321
  -335
  -351
Prev. year cash balance distribution, $m
 
  3
  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
 
  -92
  -95
  -99
  -103
  -107
  -112
  -116
  -121
  -126
  -132
  -137
  -143
  -149
  -156
  -163
  -170
  -177
  -185
  -193
  -202
  -211
  -220
  -230
  -240
  -251
  -263
  -274
  -287
  -300
  -313
Discount rate, %
 
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
 
  -83
  -78
  -73
  -67
  -61
  -55
  -49
  -43
  -37
  -32
  -27
  -22
  -18
  -14
  -11
  -9
  -6
  -5
  -3
  -2
  -2
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  87.8
  76.8
  67.0
  58.3
  50.6
  43.8
  37.9
  32.8
  28.3
  24.4
  21.0
  18.1
  15.5
  13.4
  11.5
  9.9
  8.5
  7.3
  6.2
  5.4
  4.6
  4.0
  3.4
  2.9
  2.5
  2.2
  1.9
  1.6
  1.4
  1.2

Archrock, Inc. is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States. The Company operates through two segments: contract operations and aftermarket services. The contract operations segment primarily provides natural gas compression services to meet specific customer requirements. The Company provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers' natural gas compression needs. The aftermarket services segment provides a range of services to support the compression needs of customers, from parts sales and normal maintenance services to full operation of a customer's owned assets.

FINANCIAL RATIOS  of  Archrock (AROC)

Valuation Ratios
P/E Ratio -12.6
Price to Sales 0.9
Price to Book 1
Price to Tangible Book
Price to Cash Flow 2.5
Price to Free Cash Flow 4.4
Growth Rates
Sales Growth Rate -19.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -53.9%
Cap. Spend. - 3 Yr. Gr. Rate -16.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 200.6%
Total Debt to Equity 200.6%
Interest Coverage 0
Management Effectiveness
Return On Assets 0.1%
Ret/ On Assets - 3 Yr. Avg. 1.2%
Return On Total Capital -2.5%
Ret/ On T. Cap. - 3 Yr. Avg. -1.3%
Return On Equity -7.6%
Return On Equity - 3 Yr. Avg. -4.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 52.9%
Gross Margin - 3 Yr. Avg. 50.3%
EBITDA Margin 24.5%
EBITDA Margin - 3 Yr. Avg. 24.5%
Operating Margin -0.7%
Oper. Margin - 3 Yr. Avg. 2.1%
Pre-Tax Margin -11%
Pre-Tax Margin - 3 Yr. Avg. -8.8%
Net Profit Margin -6.8%
Net Profit Margin - 3 Yr. Avg. -3.3%
Effective Tax Rate 27%
Eff/ Tax Rate - 3 Yr. Avg. 13.1%
Payout Ratio -63.6%

AROC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AROC stock intrinsic value calculation we used $807 million for the last fiscal year's total revenue generated by Archrock. The default revenue input number comes from 2016 income statement of Archrock. 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 AROC 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 9.9%, whose default value for AROC is calculated based on our internal credit rating of Archrock, 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 Archrock.
    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 AROC stock the variable cost ratio is equal to 96.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $37 million in the base year in the intrinsic value calculation for AROC 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 5.2% for Archrock.

Corporate tax rate of 27% is the nominal tax rate for Archrock. 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 AROC 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 AROC are equal to 281%.

Life of production assets of 10.8 years is the average useful life of capital assets used in Archrock 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 AROC is equal to 13.1%. 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 - $719 million for Archrock - 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 70.939 million for Archrock 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 Archrock at the current share price and the inputted number of shares is $0.7 billion.

RELATED COMPANIES Price Int.Val. Rating
APLP Archrock Partn 11.41 1.88  str.sell
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USAC USA Compressio 16.89 2.29  str.sell
TTI Tetra Technolo 4.02 0.49  str.sell
SLB Schlumberger 64.56 91.05  buy
NGS Natural Gas Se 25.10 4.31  str.sell
GE General Electr 17.65 23.56  hold
CELP Cypress Energy 6.15 1.14  str.sell
EXTN Exterran 29.98 3.89  str.sell

COMPANY NEWS

▶ Alerian Index Series December 2017 Index Review   [Dec-08-17 08:30AM  PR Newswire]
▶ ETFs with exposure to Archrock, Inc. : November 29, 2017   [Nov-29-17 11:00AM  Capital Cube]
▶ ETFs with exposure to Archrock, Inc. : November 7, 2017   [Nov-07-17 09:39AM  Capital Cube]
▶ Archrock Inc. reports 3Q loss   [09:19AM  Associated Press]
▶ Archrock Partners Announces Quarterly Cash Distribution   [Oct-23-17 08:01AM  GlobeNewswire]
▶ Archrock Announces Quarterly Cash Dividend   [08:00AM  GlobeNewswire]
▶ ETFs with exposure to Archrock, Inc. : October 10, 2017   [Oct-10-17 10:59AM  Capital Cube]
▶ ETFs with exposure to Archrock, Inc. : September 26, 2017   [Sep-26-17 10:41AM  Capital Cube]
▶ Archrock, Inc. to Present at Johnson Rice Energy Conference   [Sep-25-17 06:00AM  GlobeNewswire]
▶ ETFs with exposure to Archrock, Inc. : September 15, 2017   [Sep-15-17 05:08PM  Capital Cube]
▶ Oil and Gas Stock Roundup: The Calm Before the Storm   [Aug-26-17 12:47PM  Motley Fool]
▶ 3 Incredibly Cheap Dividend Stocks Right Now   [Aug-24-17 10:17AM  Motley Fool]
▶ Archrock Partners Announces Public Offering of Common Units   [Aug-03-17 04:06PM  GlobeNewswire]
▶ Archrock Inc. reports 2Q loss   [Aug-01-17 10:57PM  Associated Press]
▶ Archrock Inc. reports 2Q loss   [06:33AM  Associated Press]
▶ Archrock Announces Quarterly Cash Dividend   [Jul-26-17 06:40PM  GlobeNewswire]
▶ ETFs with exposure to Archrock, Inc. : July 24, 2017   [Jul-24-17 02:09PM  Capital Cube]
▶ ETFs with exposure to Archrock, Inc. : July 14, 2017   [Jul-14-17 12:55PM  Capital Cube]
▶ Archrock, Inc. Value Analysis (NYSE:AROC) : June 15, 2017   [Jun-15-17 04:06PM  Capital Cube]
▶ Here's Why Shares of Archrock Declined 13.6% in May   [Jun-09-17 10:01AM  Motley Fool]
▶ ETFs with exposure to Archrock, Inc. : May 11, 2017   [May-11-17 04:09PM  Capital Cube]
▶ Archrock Inc. reports 1Q loss   [May-04-17 06:28AM  Associated Press]
▶ Archrock Announces Quarterly Cash Dividend   [Apr-26-17 06:00PM  GlobeNewswire]
▶ Archrock Inc. reports 4Q loss   [08:51AM  Associated Press]
▶ MLP Outperformers and Underperformers of the Week   [Feb-10-17 03:40PM  Barrons.com]
▶ Archrock Announces Quarterly Cash Dividend   [Jan-19-17 07:00PM  GlobeNewswire]
▶ Archrock Inc (AROC): Carlson Capital Lowers Its Stake   [Dec-21-16 06:14AM  at Insider Monkey]
▶ Here is What Hedge Funds Think About AC Immune Ltd (ACIU)   [Dec-13-16 02:08AM  at Insider Monkey]
▶ Archrock Inc (AROC): Are Hedge Funds Right About This Stock?   [Dec-07-16 11:48AM  at Insider Monkey]
Financial statements of AROC
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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