Intrinsic value of Bemis - BMS

Previous Close

$46.98

  Intrinsic Value

$33.62

stock screener

  Rating & Target

sell

-28%

Previous close

$46.98

 
Intrinsic value

$33.62

 
Up/down potential

-28%

 
Rating

sell

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

We calculate the intrinsic value of BMS 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 4.3

 

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, %
  -1.65
  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
  4,004
  4,084
  4,178
  4,285
  4,406
  4,540
  4,686
  4,846
  5,018
  5,205
  5,404
  5,618
  5,846
  6,089
  6,347
  6,621
  6,911
  7,218
  7,543
  7,886
  8,248
  8,630
  9,034
  9,459
  9,906
  10,378
  10,874
  11,397
  11,947
  12,526
  13,134
Variable operating expenses, $m
 
  3,674
  3,756
  3,850
  3,955
  4,072
  4,200
  4,339
  4,491
  4,653
  4,828
  4,912
  5,111
  5,323
  5,549
  5,788
  6,042
  6,310
  6,594
  6,894
  7,211
  7,546
  7,898
  8,270
  8,661
  9,073
  9,508
  9,964
  10,445
  10,951
  11,483
Fixed operating expenses, $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 operating expenses, $m
  3,595
  3,674
  3,756
  3,850
  3,955
  4,072
  4,200
  4,339
  4,491
  4,653
  4,828
  4,912
  5,111
  5,323
  5,549
  5,788
  6,042
  6,310
  6,594
  6,894
  7,211
  7,546
  7,898
  8,270
  8,661
  9,073
  9,508
  9,964
  10,445
  10,951
  11,483
Operating income, $m
  409
  410
  422
  436
  451
  468
  486
  506
  528
  551
  576
  706
  735
  765
  798
  832
  869
  907
  948
  991
  1,037
  1,085
  1,136
  1,189
  1,245
  1,304
  1,367
  1,433
  1,502
  1,574
  1,651
EBITDA, $m
  571
  610
  624
  640
  658
  678
  700
  724
  750
  778
  808
  840
  874
  910
  948
  989
  1,033
  1,079
  1,127
  1,178
  1,233
  1,290
  1,350
  1,413
  1,480
  1,551
  1,625
  1,703
  1,785
  1,872
  1,963
Interest expense (income), $m
  57
  60
  62
  64
  66
  69
  72
  76
  80
  84
  88
  93
  98
  103
  109
  115
  122
  129
  136
  144
  152
  161
  170
  179
  189
  200
  211
  223
  235
  249
  262
Earnings before tax, $m
  351
  351
  361
  372
  385
  398
  414
  430
  448
  468
  488
  613
  637
  662
  689
  717
  747
  778
  812
  847
  885
  924
  966
  1,010
  1,056
  1,104
  1,156
  1,210
  1,266
  1,326
  1,389
Tax expense, $m
  115
  95
  97
  100
  104
  108
  112
  116
  121
  126
  132
  166
  172
  179
  186
  194
  202
  210
  219
  229
  239
  250
  261
  273
  285
  298
  312
  327
  342
  358
  375
Net income, $m
  236
  256
  263
  272
  281
  291
  302
  314
  327
  341
  356
  448
  465
  483
  503
  523
  545
  568
  593
  619
  646
  675
  705
  737
  771
  806
  844
  883
  924
  968
  1,014

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  74
  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
  3,716
  3,716
  3,802
  3,899
  4,009
  4,131
  4,264
  4,409
  4,566
  4,736
  4,917
  5,112
  5,319
  5,540
  5,775
  6,024
  6,288
  6,568
  6,863
  7,175
  7,505
  7,853
  8,220
  8,606
  9,014
  9,443
  9,895
  10,370
  10,871
  11,397
  11,951
Adjusted assets (=assets-cash), $m
  3,642
  3,716
  3,802
  3,899
  4,009
  4,131
  4,264
  4,409
  4,566
  4,736
  4,917
  5,112
  5,319
  5,540
  5,775
  6,024
  6,288
  6,568
  6,863
  7,175
  7,505
  7,853
  8,220
  8,606
  9,014
  9,443
  9,895
  10,370
  10,871
  11,397
  11,951
Revenue / Adjusted assets
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
  1.099
Average production assets, $m
  1,398
  1,425
  1,458
  1,496
  1,538
  1,584
  1,635
  1,691
  1,751
  1,816
  1,886
  1,961
  2,040
  2,125
  2,215
  2,311
  2,412
  2,519
  2,632
  2,752
  2,879
  3,012
  3,153
  3,301
  3,457
  3,622
  3,795
  3,978
  4,170
  4,371
  4,584
Working capital, $m
  590
  543
  556
  570
  586
  604
  623
  644
  667
  692
  719
  747
  778
  810
  844
  881
  919
  960
  1,003
  1,049
  1,097
  1,148
  1,201
  1,258
  1,318
  1,380
  1,446
  1,516
  1,589
  1,666
  1,747
Total debt, $m
  1,545
  1,579
  1,636
  1,702
  1,775
  1,856
  1,946
  2,043
  2,148
  2,262
  2,384
  2,514
  2,653
  2,801
  2,958
  3,125
  3,302
  3,489
  3,687
  3,896
  4,117
  4,350
  4,596
  4,855
  5,128
  5,416
  5,719
  6,037
  6,372
  6,725
  7,096
Total liabilities, $m
  2,456
  2,490
  2,547
  2,613
  2,686
  2,767
  2,857
  2,954
  3,059
  3,173
  3,295
  3,425
  3,564
  3,712
  3,869
  4,036
  4,213
  4,400
  4,598
  4,807
  5,028
  5,261
  5,507
  5,766
  6,039
  6,327
  6,630
  6,948
  7,283
  7,636
  8,007
Total equity, $m
  1,260
  1,226
  1,255
  1,287
  1,323
  1,363
  1,407
  1,455
  1,507
  1,563
  1,623
  1,687
  1,755
  1,828
  1,906
  1,988
  2,075
  2,167
  2,265
  2,368
  2,477
  2,591
  2,713
  2,840
  2,975
  3,116
  3,265
  3,422
  3,587
  3,761
  3,944
Total liabilities and equity, $m
  3,716
  3,716
  3,802
  3,900
  4,009
  4,130
  4,264
  4,409
  4,566
  4,736
  4,918
  5,112
  5,319
  5,540
  5,775
  6,024
  6,288
  6,567
  6,863
  7,175
  7,505
  7,852
  8,220
  8,606
  9,014
  9,443
  9,895
  10,370
  10,870
  11,397
  11,951
Debt-to-equity ratio
  1.226
  1.290
  1.300
  1.320
  1.340
  1.360
  1.380
  1.400
  1.430
  1.450
  1.470
  1.490
  1.510
  1.530
  1.550
  1.570
  1.590
  1.610
  1.630
  1.650
  1.660
  1.680
  1.690
  1.710
  1.720
  1.740
  1.750
  1.760
  1.780
  1.790
  1.800
Adjusted equity ratio
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  236
  256
  263
  272
  281
  291
  302
  314
  327
  341
  356
  448
  465
  483
  503
  523
  545
  568
  593
  619
  646
  675
  705
  737
  771
  806
  844
  883
  924
  968
  1,014
Depreciation, amort., depletion, $m
  162
  200
  202
  205
  208
  211
  214
  218
  222
  226
  231
  133
  139
  145
  151
  157
  164
  171
  179
  187
  196
  205
  214
  225
  235
  246
  258
  271
  284
  297
  312
Funds from operations, $m
  439
  456
  465
  476
  488
  502
  516
  532
  549
  568
  588
  581
  604
  628
  653
  680
  709
  740
  772
  806
  842
  880
  920
  962
  1,006
  1,053
  1,102
  1,154
  1,208
  1,265
  1,326
Change in working capital, $m
  2
  11
  12
  14
  16
  18
  19
  21
  23
  25
  27
  28
  30
  32
  34
  36
  39
  41
  43
  46
  48
  51
  54
  57
  60
  63
  66
  70
  73
  77
  81
Cash from operations, $m
  437
  445
  453
  462
  472
  484
  497
  511
  526
  543
  561
  553
  573
  595
  619
  644
  671
  699
  729
  760
  794
  829
  866
  905
  946
  990
  1,036
  1,084
  1,135
  1,188
  1,245
Maintenance CAPEX, $m
  0
  -95
  -97
  -99
  -102
  -105
  -108
  -111
  -115
  -119
  -124
  -128
  -133
  -139
  -145
  -151
  -157
  -164
  -171
  -179
  -187
  -196
  -205
  -214
  -225
  -235
  -246
  -258
  -271
  -284
  -297
New CAPEX, $m
  -208
  -27
  -33
  -37
  -42
  -47
  -51
  -56
  -60
  -65
  -70
  -75
  -80
  -85
  -90
  -96
  -101
  -107
  -113
  -120
  -126
  -133
  -141
  -148
  -156
  -165
  -173
  -182
  -192
  -202
  -212
Cash from investing activities, $m
  -311
  -122
  -130
  -136
  -144
  -152
  -159
  -167
  -175
  -184
  -194
  -203
  -213
  -224
  -235
  -247
  -258
  -271
  -284
  -299
  -313
  -329
  -346
  -362
  -381
  -400
  -419
  -440
  -463
  -486
  -509
Free cash flow, $m
  126
  323
  323
  325
  328
  333
  338
  344
  351
  359
  368
  350
  360
  372
  384
  398
  412
  428
  444
  461
  480
  500
  520
  542
  566
  590
  616
  643
  672
  703
  735
Issuance/(repayment) of debt, $m
  157
  51
  57
  65
  73
  81
  89
  97
  105
  113
  122
  130
  139
  148
  157
  167
  177
  187
  198
  209
  221
  233
  246
  259
  273
  288
  303
  319
  335
  353
  371
Issuance/(repurchase) of shares, $m
  -144
  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  
  4
  51
  57
  65
  73
  81
  89
  97
  105
  113
  122
  130
  139
  148
  157
  167
  177
  187
  198
  209
  221
  233
  246
  259
  273
  288
  303
  319
  335
  353
  371
Total cash flow (excl. dividends), $m
  129
  374
  380
  391
  402
  414
  427
  441
  456
  472
  490
  480
  499
  520
  542
  565
  589
  615
  642
  671
  701
  733
  766
  801
  839
  878
  919
  962
  1,008
  1,056
  1,106
Retained Cash Flow (-), $m
  -53
  -23
  -28
  -32
  -36
  -40
  -44
  -48
  -52
  -56
  -60
  -64
  -68
  -73
  -77
  -82
  -87
  -92
  -98
  -103
  -109
  -115
  -121
  -128
  -134
  -142
  -149
  -157
  -165
  -174
  -183
Prev. year cash balance distribution, $m
 
  57
  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
 
  407
  352
  358
  366
  374
  383
  393
  404
  416
  430
  416
  431
  447
  464
  483
  502
  523
  544
  568
  592
  618
  645
  674
  704
  736
  770
  805
  843
  882
  923
Discount rate, %
 
  7.40
  7.77
  8.16
  8.57
  8.99
  9.44
  9.92
  10.41
  10.93
  11.48
  12.05
  12.66
  13.29
  13.95
  14.65
  15.38
  16.15
  16.96
  17.81
  18.70
  19.63
  20.62
  21.65
  22.73
  23.87
  25.06
  26.31
  27.63
  29.01
  30.46
PV of cash for distribution, $m
 
  379
  303
  283
  263
  243
  223
  203
  183
  164
  145
  119
  103
  88
  75
  62
  51
  41
  32
  25
  19
  14
  10
  7
  5
  3
  2
  1
  1
  1
  0
Current shareholders' claim on cash, %
  100
  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

Bemis Company, Inc. is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations. This segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for a range of food, medical, pharmaceutical, personal care, electronics, and industrial applications. Its products are sold to customers in the food industry. The Company's other customers include companies in various types of businesses, including chemical, agribusiness, medical, pharmaceutical, personal care, electronics, construction, and other consumer goods.

FINANCIAL RATIOS  of  Bemis (BMS)

Valuation Ratios
P/E Ratio 18.5
Price to Sales 1.1
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 10
Price to Free Cash Flow 19
Growth Rates
Sales Growth Rate -1.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -5%
Cap. Spend. - 3 Yr. Gr. Rate 8.2%
Financial Strength
Quick Ratio 4
Current Ratio 0
LT Debt to Equity 121.3%
Total Debt to Equity 122.6%
Interest Coverage 7
Management Effectiveness
Return On Assets 7.6%
Ret/ On Assets - 3 Yr. Avg. 7.1%
Return On Total Capital 8.7%
Ret/ On T. Cap. - 3 Yr. Avg. 8%
Return On Equity 19.1%
Return On Equity - 3 Yr. Avg. 16.5%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 21.6%
Gross Margin - 3 Yr. Avg. 20.9%
EBITDA Margin 14.2%
EBITDA Margin - 3 Yr. Avg. 14.1%
Operating Margin 10.2%
Oper. Margin - 3 Yr. Avg. 9.9%
Pre-Tax Margin 8.8%
Pre-Tax Margin - 3 Yr. Avg. 8.7%
Net Profit Margin 5.9%
Net Profit Margin - 3 Yr. Avg. 5.4%
Effective Tax Rate 32.8%
Eff/ Tax Rate - 3 Yr. Avg. 33.5%
Payout Ratio 48.3%

BMS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BMS stock intrinsic value calculation we used $4004 million for the last fiscal year's total revenue generated by Bemis. The default revenue input number comes from 2016 income statement of Bemis. 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 BMS 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 7.4%, whose default value for BMS is calculated based on our internal credit rating of Bemis, 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 Bemis.
    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 BMS stock the variable cost ratio is equal to 90%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BMS 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 3.9% for Bemis.

Corporate tax rate of 27% is the nominal tax rate for Bemis. 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 BMS 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 BMS are equal to 34.9%.

Life of production assets of 14.7 years is the average useful life of capital assets used in Bemis 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 BMS is equal to 13.3%. 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 - $1260 million for Bemis - 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 90.774 million for Bemis 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 Bemis at the current share price and the inputted number of shares is $4.3 billion.

RELATED COMPANIES Price Int.Val. Rating
SEE Sealed Air 47.77 23.77  sell
BERY Berry Global G 60.24 34.57  sell
AVY Avery Dennison 114.98 142.00  buy
ATR Aptargroup 87.28 54.77  sell
GEF Greif Cl A 62.84 48.40  hold
CCF Chase 117.25 40.40  str.sell

COMPANY NEWS

▶ ETFs with exposure to Bemis Co., Inc. : December 7, 2017   [Dec-07-17 01:04PM  Capital Cube]
▶ ETFs with exposure to Bemis Co., Inc. : November 10, 2017   [Nov-10-17 11:56AM  Capital Cube]
▶ Bemis Company Declares Regular Quarterly Dividend   [Nov-02-17 04:30PM  Business Wire]
▶ Bemis Company, Inc. to Host Earnings Call   [Oct-26-17 07:55AM  ACCESSWIRE]
▶ Bemis beats Street 3Q forecasts   [06:35AM  Associated Press]
▶ Bemis Company Reports Third Quarter Earnings   [06:00AM  Business Wire]
▶ Wrap It Up, Amcor   [01:54AM  Bloomberg]
▶ ETFs with exposure to Bemis Co., Inc. : August 15, 2017   [Aug-15-17 03:34PM  Capital Cube]
▶ New Strong Sell Stocks for August 3rd   [Aug-03-17 08:13AM  Zacks]
▶ Bemis misses Street 2Q forecasts   [01:24AM  Associated Press]
▶ Story Stocks from Briefing.com   [Jul-27-17 02:46PM  Briefing.com]
▶ Bemis to cut 300 jobs, close 2 facilities   [Jun-30-17 07:10AM  MarketWatch]
▶ Bemis Co., Inc. Value Analysis (NYSE:BMS) : June 27, 2017   [Jun-27-17 04:19PM  Capital Cube]
▶ New Strong Sell Stocks for May 23rd   [May-23-17 10:05AM  Zacks]
▶ New Strong Sell Stocks for May 17th   [May-17-17 10:03AM  Zacks]
▶ ETFs with exposure to Bemis Co., Inc. : May 4, 2017   [May-04-17 03:44PM  Capital Cube]
▶ Bemis misses 1Q profit forecasts   [Apr-27-17 06:12AM  Associated Press]
▶ Warren, Democrats Write Icahn About Advising Trump   [Mar-27-17 07:00PM  TheStreet.com]
Financial statements of BMS
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.