Intrinsic value of Ebix - EBIX

Previous Close

$76.40

  Intrinsic Value

$91.33

stock screener

  Rating & Target

hold

+20%

Previous close

$76.40

 
Intrinsic value

$91.33

 
Up/down potential

+20%

 
Rating

hold

We calculate the intrinsic value of EBIX 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 2.4

 

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, %
  22.00
  20.30
  18.77
  17.39
  16.15
  15.04
  14.03
  13.13
  12.32
  11.59
  10.93
  10.33
  9.80
  9.32
  8.89
  8.50
  8.15
  7.84
  7.55
  7.30
  7.07
  6.86
  6.67
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
Revenue, $m
  444
  534
  635
  745
  865
  995
  1,135
  1,284
  1,442
  1,609
  1,785
  1,970
  2,163
  2,364
  2,574
  2,793
  3,021
  3,258
  3,504
  3,759
  4,025
  4,301
  4,588
  4,887
  5,197
  5,520
  5,857
  6,208
  6,573
  6,955
Variable operating expenses, $m
  279
  320
  365
  415
  470
  530
  593
  661
  733
  809
  813
  897
  985
  1,077
  1,172
  1,272
  1,376
  1,483
  1,595
  1,712
  1,833
  1,959
  2,089
  2,225
  2,367
  2,514
  2,667
  2,827
  2,993
  3,167
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
  279
  320
  365
  415
  470
  530
  593
  661
  733
  809
  813
  897
  985
  1,077
  1,172
  1,272
  1,376
  1,483
  1,595
  1,712
  1,833
  1,959
  2,089
  2,225
  2,367
  2,514
  2,667
  2,827
  2,993
  3,167
Operating income, $m
  166
  215
  269
  329
  395
  466
  542
  623
  709
  800
  972
  1,073
  1,178
  1,288
  1,402
  1,521
  1,645
  1,774
  1,908
  2,047
  2,192
  2,342
  2,499
  2,661
  2,830
  3,007
  3,190
  3,381
  3,580
  3,788
EBITDA, $m
  325
  391
  464
  545
  633
  728
  830
  939
  1,055
  1,177
  1,306
  1,441
  1,582
  1,730
  1,883
  2,044
  2,210
  2,383
  2,563
  2,750
  2,945
  3,147
  3,357
  3,575
  3,802
  4,039
  4,285
  4,542
  4,809
  5,088
Interest expense (income), $m
  7
  22
  29
  38
  47
  57
  68
  80
  93
  107
  121
  137
  153
  170
  188
  206
  226
  246
  267
  289
  311
  335
  359
  385
  411
  439
  467
  497
  528
  561
  594
Earnings before tax, $m
  143
  185
  231
  282
  338
  397
  462
  530
  602
  679
  835
  920
  1,008
  1,100
  1,196
  1,295
  1,399
  1,507
  1,619
  1,736
  1,857
  1,983
  2,114
  2,250
  2,392
  2,539
  2,693
  2,853
  3,019
  3,193
Tax expense, $m
  39
  50
  62
  76
  91
  107
  125
  143
  163
  183
  226
  248
  272
  297
  323
  350
  378
  407
  437
  469
  501
  535
  571
  607
  646
  686
  727
  770
  815
  862
Net income, $m
  105
  135
  169
  206
  247
  290
  337
  387
  440
  495
  610
  671
  736
  803
  873
  946
  1,021
  1,100
  1,182
  1,267
  1,356
  1,448
  1,543
  1,642
  1,746
  1,854
  1,966
  2,082
  2,204
  2,331

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
  1,358
  1,634
  1,940
  2,278
  2,646
  3,044
  3,471
  3,927
  4,410
  4,921
  5,459
  6,023
  6,614
  7,230
  7,873
  8,542
  9,238
  9,962
  10,714
  11,496
  12,308
  13,153
  14,031
  14,944
  15,893
  16,882
  17,912
  18,984
  20,102
  21,268
Adjusted assets (=assets-cash), $m
  1,358
  1,634
  1,940
  2,278
  2,646
  3,044
  3,471
  3,927
  4,410
  4,921
  5,459
  6,023
  6,614
  7,230
  7,873
  8,542
  9,238
  9,962
  10,714
  11,496
  12,308
  13,153
  14,031
  14,944
  15,893
  16,882
  17,912
  18,984
  20,102
  21,268
Revenue / Adjusted assets
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
  0.327
Average production assets, $m
  830
  999
  1,187
  1,393
  1,618
  1,861
  2,122
  2,401
  2,697
  3,009
  3,338
  3,683
  4,044
  4,421
  4,814
  5,223
  5,649
  6,092
  6,552
  7,030
  7,526
  8,043
  8,580
  9,138
  9,719
  10,323
  10,953
  11,609
  12,292
  13,005
Working capital, $m
  -91
  -110
  -131
  -153
  -178
  -205
  -234
  -265
  -297
  -332
  -368
  -406
  -446
  -487
  -530
  -575
  -622
  -671
  -722
  -774
  -829
  -886
  -945
  -1,007
  -1,071
  -1,137
  -1,207
  -1,279
  -1,354
  -1,433
Total debt, $m
  546
  700
  871
  1,059
  1,264
  1,487
  1,725
  1,979
  2,249
  2,534
  2,834
  3,149
  3,479
  3,823
  4,181
  4,555
  4,943
  5,347
  5,767
  6,203
  6,656
  7,127
  7,617
  8,127
  8,657
  9,208
  9,783
  10,381
  11,005
  11,656
Total liabilities, $m
  758
  912
  1,083
  1,271
  1,476
  1,698
  1,937
  2,191
  2,461
  2,746
  3,046
  3,361
  3,690
  4,034
  4,393
  4,766
  5,155
  5,559
  5,979
  6,415
  6,868
  7,339
  7,829
  8,339
  8,869
  9,420
  9,995
  10,593
  11,217
  11,868
Total equity, $m
  600
  722
  858
  1,007
  1,169
  1,345
  1,534
  1,736
  1,949
  2,175
  2,413
  2,662
  2,923
  3,196
  3,480
  3,776
  4,083
  4,403
  4,736
  5,081
  5,440
  5,814
  6,202
  6,605
  7,025
  7,462
  7,917
  8,391
  8,885
  9,401
Total liabilities and equity, $m
  1,358
  1,634
  1,941
  2,278
  2,645
  3,043
  3,471
  3,927
  4,410
  4,921
  5,459
  6,023
  6,613
  7,230
  7,873
  8,542
  9,238
  9,962
  10,715
  11,496
  12,308
  13,153
  14,031
  14,944
  15,894
  16,882
  17,912
  18,984
  20,102
  21,269
Debt-to-equity ratio
  0.910
  0.970
  1.020
  1.050
  1.080
  1.100
  1.120
  1.140
  1.150
  1.170
  1.170
  1.180
  1.190
  1.200
  1.200
  1.210
  1.210
  1.210
  1.220
  1.220
  1.220
  1.230
  1.230
  1.230
  1.230
  1.230
  1.240
  1.240
  1.240
  1.240
Adjusted equity ratio
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  105
  135
  169
  206
  247
  290
  337
  387
  440
  495
  610
  671
  736
  803
  873
  946
  1,021
  1,100
  1,182
  1,267
  1,356
  1,448
  1,543
  1,642
  1,746
  1,854
  1,966
  2,082
  2,204
  2,331
Depreciation, amort., depletion, $m
  159
  176
  195
  216
  238
  262
  289
  316
  346
  377
  334
  368
  404
  442
  481
  522
  565
  609
  655
  703
  753
  804
  858
  914
  972
  1,032
  1,095
  1,161
  1,229
  1,301
Funds from operations, $m
  264
  311
  364
  422
  485
  553
  625
  703
  786
  873
  944
  1,040
  1,140
  1,245
  1,354
  1,468
  1,586
  1,709
  1,837
  1,970
  2,108
  2,252
  2,401
  2,556
  2,718
  2,886
  3,061
  3,243
  3,433
  3,632
Change in working capital, $m
  -16
  -19
  -21
  -23
  -25
  -27
  -29
  -31
  -33
  -34
  -36
  -38
  -40
  -42
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -59
  -61
  -64
  -67
  -69
  -72
  -75
  -79
Cash from operations, $m
  281
  330
  385
  444
  509
  579
  654
  734
  818
  907
  980
  1,078
  1,180
  1,286
  1,398
  1,513
  1,633
  1,758
  1,888
  2,023
  2,163
  2,309
  2,460
  2,618
  2,782
  2,952
  3,130
  3,316
  3,509
  3,710
Maintenance CAPEX, $m
  -68
  -83
  -100
  -119
  -139
  -162
  -186
  -212
  -240
  -270
  -301
  -334
  -368
  -404
  -442
  -481
  -522
  -565
  -609
  -655
  -703
  -753
  -804
  -858
  -914
  -972
  -1,032
  -1,095
  -1,161
  -1,229
New CAPEX, $m
  -150
  -169
  -188
  -206
  -225
  -243
  -261
  -279
  -296
  -312
  -329
  -345
  -361
  -377
  -393
  -409
  -426
  -443
  -460
  -478
  -497
  -516
  -537
  -558
  -581
  -605
  -630
  -656
  -684
  -713
Cash from investing activities, $m
  -218
  -252
  -288
  -325
  -364
  -405
  -447
  -491
  -536
  -582
  -630
  -679
  -729
  -781
  -835
  -890
  -948
  -1,008
  -1,069
  -1,133
  -1,200
  -1,269
  -1,341
  -1,416
  -1,495
  -1,577
  -1,662
  -1,751
  -1,845
  -1,942
Free cash flow, $m
  63
  78
  97
  119
  145
  174
  207
  243
  282
  325
  350
  399
  451
  505
  562
  622
  685
  751
  819
  890
  963
  1,040
  1,119
  1,202
  1,287
  1,376
  1,468
  1,564
  1,664
  1,768
Issuance/(repayment) of debt, $m
  137
  154
  171
  188
  205
  222
  238
  254
  270
  285
  300
  315
  329
  344
  359
  373
  388
  404
  420
  436
  453
  471
  490
  509
  530
  552
  574
  599
  624
  651
Issuance/(repurchase) of shares, $m
  4
  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  
  141
  154
  171
  188
  205
  222
  238
  254
  270
  285
  300
  315
  329
  344
  359
  373
  388
  404
  420
  436
  453
  471
  490
  509
  530
  552
  574
  599
  624
  651
Total cash flow (excl. dividends), $m
  203
  232
  268
  308
  350
  396
  445
  497
  552
  610
  650
  714
  780
  849
  921
  996
  1,074
  1,155
  1,239
  1,326
  1,417
  1,511
  1,609
  1,711
  1,817
  1,928
  2,043
  2,163
  2,288
  2,419
Retained Cash Flow (-), $m
  -108
  -122
  -136
  -149
  -163
  -176
  -189
  -201
  -214
  -226
  -238
  -249
  -261
  -272
  -284
  -296
  -308
  -320
  -333
  -346
  -359
  -373
  -388
  -404
  -420
  -437
  -455
  -474
  -494
  -515
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
  3
  4
  4
  5
  6
  7
  8
  9
  10
  12
  13
  14
  16
  17
  19
  21
  22
  24
  26
  28
  30
  32
  34
  37
  39
  42
  44
  47
  50
  53
Cash available for distribution, $m
  95
  110
  133
  159
  188
  220
  256
  296
  338
  384
  412
  464
  519
  577
  637
  700
  766
  835
  906
  980
  1,058
  1,138
  1,221
  1,307
  1,397
  1,491
  1,588
  1,689
  1,794
  1,903
Discount rate, %
  5.40
  5.67
  5.95
  6.25
  6.56
  6.89
  7.24
  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
  15.04
  15.80
  16.59
  17.42
  18.29
  19.20
  20.16
  21.17
  22.23
PV of cash for distribution, $m
  90
  99
  112
  124
  137
  148
  157
  165
  170
  172
  163
  161
  156
  148
  139
  128
  115
  102
  89
  76
  64
  52
  42
  33
  25
  19
  14
  10
  7
  5
Current shareholders' claim on cash, %
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9

Ebix, Inc. (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS). Ebix operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. Ebix designs and deploys back-end systems for P&C insurance brokers across the world. Ebix also designs and deploys on-demand and back-end systems for P&C insurance companies. Ebix focus in RCS channel pertains to business process outsourcing services that include providing project management, time and material consulting to clients across the world, and claims adjudication/settlement services.

FINANCIAL RATIOS  of  Ebix (EBIX)

Valuation Ratios
P/E Ratio 26.1
Price to Sales 8.2
Price to Book 5.7
Price to Tangible Book
Price to Cash Flow 29.2
Price to Free Cash Flow 33.1
Growth Rates
Sales Growth Rate 12.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -41.2%
Cap. Spend. - 3 Yr. Gr. Rate 58.5%
Financial Strength
Quick Ratio 10
Current Ratio 0.2
LT Debt to Equity 60.9%
Total Debt to Equity 63.7%
Interest Coverage 15
Management Effectiveness
Return On Assets 13.6%
Ret/ On Assets - 3 Yr. Avg. 12.5%
Return On Total Capital 14.3%
Ret/ On T. Cap. - 3 Yr. Avg. 13.5%
Return On Equity 22.5%
Return On Equity - 3 Yr. Avg. 18.9%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 71.5%
Gross Margin - 3 Yr. Avg. 74.1%
EBITDA Margin 38.6%
EBITDA Margin - 3 Yr. Avg. 39.5%
Operating Margin 33.6%
Oper. Margin - 3 Yr. Avg. 34.6%
Pre-Tax Margin 32.2%
Pre-Tax Margin - 3 Yr. Avg. 33.7%
Net Profit Margin 31.5%
Net Profit Margin - 3 Yr. Avg. 30.5%
Effective Tax Rate 2.1%
Eff/ Tax Rate - 3 Yr. Avg. 9%
Payout Ratio 10.6%

EBIX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EBIX stock intrinsic value calculation we used $364 million for the last fiscal year's total revenue generated by Ebix. The default revenue input number comes from 2017 income statement of Ebix. 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 EBIX stock valuation model: a) initial revenue growth rate of 22% 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 5.4%, whose default value for EBIX is calculated based on our internal credit rating of Ebix, 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 Ebix.
    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 EBIX stock the variable cost ratio is equal to 66.5%.

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 EBIX 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 Ebix.

Corporate tax rate of 27% is the nominal tax rate for Ebix. 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 EBIX stock is equal to 0.8%.

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 EBIX are equal to 187%.

Life of production assets of 10 years is the average useful life of capital assets used in Ebix 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 EBIX is equal to -20.6%. 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 - $492 million for Ebix - 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 32 million for Ebix 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 Ebix at the current share price and the inputted number of shares is $2.4 billion.

RELATED COMPANIES Price Int.Val. Rating
ORCL Oracle 48.23 48.84  hold
MORN Morningstar 134.34 78.50  hold
CRM Salesforce.com 146.57 40.75  str.sell
IBM International 143.36 149.81  hold
FIS Fidelity Natio 106.69 58.64  sell
GWRE Guidewire Soft 97.03 13.82  str.sell
CTSH Cognizant Tech 75.22 58.44  sell
ULTI Ultimate Softw 288.60 72.93  str.sell

COMPANY NEWS

▶ Ebix, Inc. to Host Earnings Call   [Aug-08-18 09:00AM  ACCESSWIRE]
▶ Ebix: 2Q Earnings Snapshot   [08:04AM  Associated Press]
▶ A Preview Of Ebix's Q2 Earnings   [Aug-07-18 03:03PM  Benzinga]
▶ [$$] Black Dragon Sells Indus Software Technologies to Ebix   [Jul-25-18 05:13PM  The Wall Street Journal]
▶ Ebix: 1Q Earnings Snapshot   [May-09-18 09:06AM  Associated Press]
▶ Calculating The Intrinsic Value Of Ebix Inc (NASDAQ:EBIX)   [Apr-19-18 02:58PM  Simply Wall St.]
▶ Why Ebix Inc (NASDAQ:EBIX) Could Be A Buy   [09:55AM  Simply Wall St.]
▶ What is Behind Ebix Incs (NASDAQ:EBIX) Superior ROE?   [Feb-23-18 07:53AM  Simply Wall St.]
▶ ETFs with exposure to Ebix, Inc. : December 29, 2017   [Dec-29-17 11:53AM  Capital Cube]
▶ ETFs with exposure to Ebix, Inc. : December 18, 2017   [Dec-18-17 03:23PM  Capital Cube]
▶ ETFs with exposure to Ebix, Inc. : December 7, 2017   [Dec-07-17 01:33PM  Capital Cube]
▶ Ebix posts 3Q profit   [Nov-08-17 08:01AM  Associated Press]
▶ Ebix At Upper End Of Buy Zone With Earnings Due   [Oct-27-17 03:00AM  Investor's Business Daily]
▶ ETFs with exposure to Ebix, Inc. : October 18, 2017   [Oct-18-17 09:43AM  Capital Cube]
▶ ETFs with exposure to Ebix, Inc. : October 4, 2017   [Oct-04-17 10:41AM  Capital Cube]
▶ Composite Rating For Ebix Rises To 97   [03:00AM  Investor's Business Daily]
▶ ETFs with exposure to Ebix, Inc. : September 22, 2017   [Sep-22-17 11:09AM  Capital Cube]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

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

Copyright © X-FIN.com 2005-2018. All rigths reserved.