Intrinsic value of Blucora - BCOR

Previous Close

$25.10

  Intrinsic Value

$18.22

stock screener

  Rating & Target

sell

-27%

Previous close

$25.10

 
Intrinsic value

$18.22

 
Up/down potential

-27%

 
Rating

sell

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

We calculate the intrinsic value of BCOR 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 1.1

 

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, %
  286.44
  15.80
  14.72
  13.75
  12.87
  12.09
  11.38
  10.74
  10.17
  9.65
  9.18
  8.77
  8.39
  8.05
  7.75
  7.47
  7.22
  7.00
  6.80
  6.62
  6.46
  6.31
  6.18
  6.06
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
Revenue, $m
  456
  528
  606
  689
  778
  872
  971
  1,075
  1,185
  1,299
  1,418
  1,542
  1,672
  1,806
  1,946
  2,092
  2,243
  2,400
  2,563
  2,733
  2,909
  3,093
  3,284
  3,483
  3,691
  3,907
  4,133
  4,368
  4,614
  4,871
  5,139
Variable operating expenses, $m
 
  457
  516
  580
  647
  719
  794
  874
  957
  1,044
  1,135
  1,175
  1,273
  1,376
  1,482
  1,593
  1,708
  1,828
  1,952
  2,081
  2,216
  2,356
  2,501
  2,653
  2,811
  2,976
  3,147
  3,327
  3,514
  3,710
  3,914
Fixed operating expenses, $m
 
  18
  19
  19
  20
  20
  21
  21
  22
  22
  23
  24
  24
  25
  25
  26
  27
  27
  28
  29
  29
  30
  31
  32
  33
  33
  34
  35
  36
  37
  38
Total operating expenses, $m
  420
  475
  535
  599
  667
  739
  815
  895
  979
  1,066
  1,158
  1,199
  1,297
  1,401
  1,507
  1,619
  1,735
  1,855
  1,980
  2,110
  2,245
  2,386
  2,532
  2,685
  2,844
  3,009
  3,181
  3,362
  3,550
  3,747
  3,952
Operating income, $m
  36
  53
  71
  90
  111
  133
  156
  180
  206
  232
  260
  344
  374
  406
  439
  473
  508
  545
  583
  623
  664
  707
  752
  799
  847
  898
  951
  1,006
  1,064
  1,124
  1,187
EBITDA, $m
  75
  126
  147
  169
  193
  218
  245
  273
  302
  333
  365
  399
  434
  470
  508
  547
  588
  630
  674
  720
  767
  817
  868
  922
  978
  1,037
  1,098
  1,161
  1,228
  1,297
  1,370
Interest expense (income), $m
  32
  27
  33
  40
  47
  54
  63
  71
  80
  89
  99
  110
  120
  131
  143
  155
  167
  180
  194
  208
  223
  238
  254
  270
  287
  305
  324
  343
  363
  384
  406
Earnings before tax, $m
  -3
  26
  38
  50
  64
  78
  93
  109
  126
  143
  161
  235
  254
  274
  296
  318
  341
  364
  389
  415
  442
  469
  498
  529
  560
  593
  627
  663
  701
  740
  781
Tax expense, $m
  -2
  7
  10
  14
  17
  21
  25
  29
  34
  39
  43
  63
  69
  74
  80
  86
  92
  98
  105
  112
  119
  127
  135
  143
  151
  160
  169
  179
  189
  200
  211
Net income, $m
  -65
  19
  27
  37
  47
  57
  68
  80
  92
  104
  117
  171
  186
  200
  216
  232
  249
  266
  284
  303
  322
  343
  364
  386
  409
  433
  458
  484
  512
  540
  570

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  61
  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
  1,023
  1,114
  1,278
  1,454
  1,641
  1,839
  2,048
  2,268
  2,499
  2,740
  2,992
  3,254
  3,527
  3,811
  4,106
  4,413
  4,732
  5,063
  5,407
  5,765
  6,138
  6,525
  6,928
  7,349
  7,786
  8,243
  8,719
  9,216
  9,734
  10,276
  10,842
Adjusted assets (=assets-cash), $m
  962
  1,114
  1,278
  1,454
  1,641
  1,839
  2,048
  2,268
  2,499
  2,740
  2,992
  3,254
  3,527
  3,811
  4,106
  4,413
  4,732
  5,063
  5,407
  5,765
  6,138
  6,525
  6,928
  7,349
  7,786
  8,243
  8,719
  9,216
  9,734
  10,276
  10,842
Revenue / Adjusted assets
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
  0.474
Average production assets, $m
  390
  451
  518
  589
  665
  745
  830
  919
  1,013
  1,110
  1,212
  1,319
  1,429
  1,544
  1,664
  1,788
  1,918
  2,052
  2,191
  2,336
  2,487
  2,644
  2,808
  2,978
  3,156
  3,341
  3,533
  3,735
  3,945
  4,165
  4,394
Working capital, $m
  44
  -16
  -19
  -21
  -24
  -27
  -30
  -33
  -37
  -40
  -44
  -48
  -52
  -56
  -60
  -65
  -70
  -74
  -79
  -85
  -90
  -96
  -102
  -108
  -114
  -121
  -128
  -135
  -143
  -151
  -159
Total debt, $m
  415
  507
  610
  720
  838
  962
  1,093
  1,231
  1,376
  1,527
  1,685
  1,849
  2,020
  2,198
  2,384
  2,576
  2,776
  2,983
  3,199
  3,424
  3,657
  3,900
  4,153
  4,417
  4,691
  4,977
  5,276
  5,587
  5,912
  6,252
  6,607
Total liabilities, $m
  606
  698
  801
  911
  1,029
  1,153
  1,284
  1,422
  1,567
  1,718
  1,876
  2,040
  2,211
  2,389
  2,575
  2,767
  2,967
  3,174
  3,390
  3,615
  3,848
  4,091
  4,344
  4,608
  4,882
  5,168
  5,467
  5,778
  6,103
  6,443
  6,798
Total equity, $m
  417
  416
  477
  542
  612
  686
  764
  846
  932
  1,022
  1,116
  1,214
  1,316
  1,421
  1,532
  1,646
  1,765
  1,888
  2,017
  2,150
  2,289
  2,434
  2,584
  2,741
  2,904
  3,075
  3,252
  3,437
  3,631
  3,833
  4,044
Total liabilities and equity, $m
  1,023
  1,114
  1,278
  1,453
  1,641
  1,839
  2,048
  2,268
  2,499
  2,740
  2,992
  3,254
  3,527
  3,810
  4,107
  4,413
  4,732
  5,062
  5,407
  5,765
  6,137
  6,525
  6,928
  7,349
  7,786
  8,243
  8,719
  9,215
  9,734
  10,276
  10,842
Debt-to-equity ratio
  0.995
  1.220
  1.280
  1.330
  1.370
  1.400
  1.430
  1.460
  1.480
  1.490
  1.510
  1.520
  1.540
  1.550
  1.560
  1.560
  1.570
  1.580
  1.590
  1.590
  1.600
  1.600
  1.610
  1.610
  1.620
  1.620
  1.620
  1.630
  1.630
  1.630
  1.630
Adjusted equity ratio
  0.370
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -65
  19
  27
  37
  47
  57
  68
  80
  92
  104
  117
  171
  186
  200
  216
  232
  249
  266
  284
  303
  322
  343
  364
  386
  409
  433
  458
  484
  512
  540
  570
Depreciation, amort., depletion, $m
  39
  74
  76
  79
  82
  86
  89
  93
  97
  101
  105
  55
  59
  64
  69
  74
  80
  85
  91
  97
  103
  110
  117
  124
  131
  139
  147
  155
  164
  173
  182
Funds from operations, $m
  131
  92
  104
  116
  129
  143
  157
  173
  189
  205
  223
  226
  245
  264
  285
  306
  328
  351
  375
  400
  426
  452
  480
  510
  540
  572
  605
  639
  675
  713
  752
Change in working capital, $m
  46
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
Cash from operations, $m
  85
  95
  106
  119
  132
  146
  160
  176
  192
  209
  226
  230
  249
  269
  289
  311
  333
  356
  380
  405
  431
  458
  486
  516
  546
  578
  612
  647
  683
  721
  761
Maintenance CAPEX, $m
  0
  -16
  -19
  -21
  -24
  -28
  -31
  -34
  -38
  -42
  -46
  -50
  -55
  -59
  -64
  -69
  -74
  -80
  -85
  -91
  -97
  -103
  -110
  -117
  -124
  -131
  -139
  -147
  -155
  -164
  -173
New CAPEX, $m
  -4
  -61
  -66
  -71
  -76
  -80
  -85
  -89
  -93
  -98
  -102
  -106
  -111
  -115
  -120
  -124
  -129
  -134
  -140
  -145
  -151
  -157
  -163
  -170
  -177
  -185
  -193
  -201
  -210
  -220
  -229
Cash from investing activities, $m
  82
  -77
  -85
  -92
  -100
  -108
  -116
  -123
  -131
  -140
  -148
  -156
  -166
  -174
  -184
  -193
  -203
  -214
  -225
  -236
  -248
  -260
  -273
  -287
  -301
  -316
  -332
  -348
  -365
  -384
  -402
Free cash flow, $m
  167
  17
  21
  26
  32
  38
  45
  52
  60
  69
  78
  73
  83
  94
  106
  117
  129
  142
  155
  169
  183
  198
  213
  229
  245
  262
  280
  299
  318
  338
  359
Issuance/(repayment) of debt, $m
  -164
  95
  103
  110
  117
  124
  131
  138
  145
  151
  158
  164
  171
  178
  185
  192
  200
  208
  216
  224
  233
  243
  253
  263
  274
  286
  298
  311
  325
  340
  355
Issuance/(repurchase) of shares, $m
  4
  38
  34
  29
  23
  17
  10
  3
  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  
  -171
  133
  137
  139
  140
  141
  141
  141
  145
  151
  158
  164
  171
  178
  185
  192
  200
  208
  216
  224
  233
  243
  253
  263
  274
  286
  298
  311
  325
  340
  355
Total cash flow (excl. dividends), $m
  -4
  150
  158
  165
  172
  179
  186
  193
  205
  220
  236
  238
  255
  272
  291
  310
  329
  350
  371
  393
  417
  441
  466
  492
  520
  549
  579
  610
  643
  677
  713
Retained Cash Flow (-), $m
  45
  -57
  -61
  -66
  -70
  -74
  -78
  -82
  -86
  -90
  -94
  -98
  -102
  -106
  -110
  -114
  -119
  -124
  -128
  -134
  -139
  -145
  -150
  -157
  -163
  -170
  -178
  -185
  -193
  -202
  -211
Prev. year cash balance distribution, $m
 
  58
  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
 
  152
  96
  99
  102
  105
  108
  111
  119
  130
  142
  140
  153
  166
  180
  195
  210
  226
  243
  260
  278
  296
  316
  336
  357
  378
  401
  425
  450
  475
  502
Discount rate, %
 
  8.10
  8.51
  8.93
  9.38
  9.85
  10.34
  10.85
  11.40
  11.97
  12.57
  13.19
  13.85
  14.55
  15.27
  16.04
  16.84
  17.68
  18.57
  19.49
  20.47
  21.49
  22.57
  23.69
  24.88
  26.12
  27.43
  28.80
  30.24
  31.75
  33.34
PV of cash for distribution, $m
 
  140
  82
  77
  71
  66
  60
  54
  50
  47
  44
  36
  32
  28
  25
  21
  17
  14
  11
  9
  7
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  96.3
  93.5
  91.4
  90.0
  89.1
  88.6
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5
  88.5

Blucora, Inc. is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company's Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company's Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals. TaxAct, a provider of digital tax preparation solutions. HD Vest's specialized model provides an open-architecture investment platform and technology tools to help financial advisors identify investment opportunities for their clients. TaxAct offers pricing and packaging options for tax professionals.

FINANCIAL RATIOS  of  Blucora (BCOR)

Valuation Ratios
P/E Ratio -16.2
Price to Sales 2.3
Price to Book 2.5
Price to Tangible Book
Price to Cash Flow 12.4
Price to Free Cash Flow 13
Growth Rates
Sales Growth Rate 286.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 100%
Cap. Spend. - 3 Yr. Gr. Rate -4.4%
Financial Strength
Quick Ratio 20
Current Ratio 0
LT Debt to Equity 98.8%
Total Debt to Equity 99.5%
Interest Coverage 1
Management Effectiveness
Return On Assets -4.7%
Ret/ On Assets - 3 Yr. Avg. -3.7%
Return On Total Capital -7%
Ret/ On T. Cap. - 3 Yr. Avg. -5.4%
Return On Equity -14.8%
Return On Equity - 3 Yr. Avg. -10.2%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 51.1%
Gross Margin - 3 Yr. Avg. 75.3%
EBITDA Margin 14.9%
EBITDA Margin - 3 Yr. Avg. 16.3%
Operating Margin 7.9%
Oper. Margin - 3 Yr. Avg. 3.1%
Pre-Tax Margin -0.7%
Pre-Tax Margin - 3 Yr. Avg. -7.9%
Net Profit Margin -14.3%
Net Profit Margin - 3 Yr. Avg. -27.6%
Effective Tax Rate 66.7%
Eff/ Tax Rate - 3 Yr. Avg. 41.2%
Payout Ratio 0%

BCOR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BCOR stock intrinsic value calculation we used $456 million for the last fiscal year's total revenue generated by Blucora. The default revenue input number comes from 2016 income statement of Blucora. 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 BCOR stock valuation model: a) initial revenue growth rate of 15.8% 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 8.1%, whose default value for BCOR is calculated based on our internal credit rating of Blucora, 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 Blucora.
    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 BCOR stock the variable cost ratio is equal to 88.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $18 million in the base year in the intrinsic value calculation for BCOR 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 6.5% for Blucora.

Corporate tax rate of 27% is the nominal tax rate for Blucora. 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 BCOR 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 BCOR are equal to 85.5%.

Life of production assets of 24.1 years is the average useful life of capital assets used in Blucora 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 BCOR is equal to -3.1%. 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 - $417 million for Blucora - 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 45.11 million for Blucora 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 Blucora at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
GOOGL Alphabet Cl A 985.54 926.27  hold
INTU Intuit 147.32 127.46  hold
HRB H&R Block 26.25 28.71  hold
TAX Liberty Tax 13.95 23.35  str.buy
INUV Inuvo 0.900 2.01  str.buy
PERI Perion Network 1.23 4.61  str.buy
TRI Thomson Reuter 47.54 40.64  hold

COMPANY NEWS

▶ ETFs with exposure to Blucora, Inc. : October 23, 2017   [Oct-23-17 10:23AM  Capital Cube]
▶ ETFs with exposure to Blucora, Inc. : October 3, 2017   [Oct-03-17 10:54AM  Capital Cube]
▶ [$$] Court Square Capital Partners Leads $270 Million Round for System1   [Sep-20-17 12:15PM  The Wall Street Journal]
▶ Blucora posts 2Q profit   [01:24AM  Associated Press]
▶ Blucora Announces Second Quarter 2017 Results   [Jul-27-17 06:30AM  GlobeNewswire]
▶ Blucora, Inc. Value Analysis (NASDAQ:BCOR) : July 5, 2017   [Jul-05-17 01:19PM  Capital Cube]
▶ ETFs with exposure to Blucora, Inc. : June 26, 2017   [Jun-26-17 03:23PM  Capital Cube]
▶ Blucora Announces New Board Members   [Jun-01-17 04:20PM  GlobeNewswire]
▶ Blucora Announces Closing of New Credit Facility   [May-23-17 08:16AM  GlobeNewswire]
▶ ETFs with exposure to Blucora, Inc. : May 8, 2017   [May-08-17 04:10PM  Capital Cube]
▶ Blucora posts 1Q profit   [May-04-17 06:55AM  Associated Press]
▶ These 3 Stocks Have Tripled Over the Past Year   [Apr-13-17 08:48AM  Motley Fool]
▶ Blucora (BCOR) is Overbought: Is A Drop Coming?   [Mar-24-17 10:45AM  Zacks]
▶ Blucora reports 4Q loss   [11:42AM  AP]
▶ [$$] What to Know Before Using Free Tax-Return Services   [Feb-11-17 12:06AM  at The Wall Street Journal]
▶ [$$] What to Know Before Using Free Tax-Return Services   [Feb-10-17 05:38AM  at The Wall Street Journal]
▶ [$$] Blucora Names Ex-Fidelity Executive CEO of Brokerage Unit   [Jan-23-17 10:49AM  at The Wall Street Journal]
▶ Amazon manager joins Blucora as it exits the Seattle area   [Jan-15-17 03:05PM  at bizjournals.com]
▶ Is FB Financial Corp (NYSE:FBK) A Good Stock To Buy?   [Dec-18-16 02:46PM  at Insider Monkey]
▶ Is Blucora Inc (BCOR) A Good Stock To Buy?   [Dec-10-16 06:25PM  at Insider Monkey]
▶ Blucora Enters Into Definitive Agreement to Sell Monoprice   [Nov-14-16 11:03PM  GlobeNewswire]
▶ Blucora Announces Third Quarter 2016 Results   [06:30AM  GlobeNewswire]
Financial statements of BCOR
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.