Intrinsic value of ESCO Technologies - ESE

Previous Close

$61.10

  Intrinsic Value

$27.23

stock screener

  Rating & Target

str. sell

-55%

Previous close

$61.10

 
Intrinsic value

$27.23

 
Up/down potential

-55%

 
Rating

str. sell

We calculate the intrinsic value of ESE 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 1.6

 

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, %
  20.00
  18.50
  17.15
  15.94
  14.84
  13.86
  12.97
  12.17
  11.46
  10.81
  10.23
  9.71
  9.24
  8.81
  8.43
  8.09
  7.78
  7.50
  7.25
  7.03
  6.82
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
  5.87
  5.79
  5.71
Revenue, $m
  823
  975
  1,143
  1,325
  1,522
  1,732
  1,957
  2,195
  2,447
  2,711
  2,989
  3,279
  3,582
  3,897
  4,226
  4,568
  4,923
  5,293
  5,676
  6,075
  6,490
  6,921
  7,369
  7,835
  8,321
  8,827
  9,353
  9,903
  10,476
  11,073
Variable operating expenses, $m
  701
  817
  945
  1,083
  1,233
  1,394
  1,566
  1,747
  1,939
  2,141
  2,280
  2,501
  2,732
  2,973
  3,223
  3,484
  3,755
  4,037
  4,330
  4,634
  4,950
  5,279
  5,621
  5,976
  6,347
  6,732
  7,134
  7,553
  7,990
  8,446
Fixed operating expenses, $m
  6
  6
  6
  7
  7
  7
  7
  7
  7
  7
  8
  8
  8
  8
  8
  8
  9
  9
  9
  9
  9
  10
  10
  10
  10
  11
  11
  11
  11
  12
Total operating expenses, $m
  707
  823
  951
  1,090
  1,240
  1,401
  1,573
  1,754
  1,946
  2,148
  2,288
  2,509
  2,740
  2,981
  3,231
  3,492
  3,764
  4,046
  4,339
  4,643
  4,959
  5,289
  5,631
  5,986
  6,357
  6,743
  7,145
  7,564
  8,001
  8,458
Operating income, $m
  116
  152
  192
  235
  281
  331
  384
  441
  500
  563
  702
  770
  842
  917
  994
  1,075
  1,159
  1,247
  1,338
  1,432
  1,530
  1,632
  1,739
  1,849
  1,964
  2,084
  2,208
  2,339
  2,474
  2,616
EBITDA, $m
  280
  333
  391
  454
  522
  595
  673
  755
  843
  934
  1,031
  1,131
  1,236
  1,346
  1,460
  1,578
  1,701
  1,830
  1,963
  2,101
  2,245
  2,394
  2,550
  2,712
  2,880
  3,055
  3,238
  3,429
  3,628
  3,835
Interest expense (income), $m
  4
  15
  21
  28
  36
  44
  54
  63
  74
  85
  97
  109
  122
  135
  149
  164
  179
  195
  211
  228
  246
  265
  284
  304
  325
  346
  369
  392
  417
  442
  469
Earnings before tax, $m
  101
  131
  164
  199
  237
  278
  321
  367
  416
  466
  593
  649
  707
  767
  831
  896
  965
  1,036
  1,109
  1,186
  1,266
  1,348
  1,435
  1,524
  1,618
  1,715
  1,816
  1,922
  2,032
  2,147
Tax expense, $m
  27
  35
  44
  54
  64
  75
  87
  99
  112
  126
  160
  175
  191
  207
  224
  242
  260
  280
  300
  320
  342
  364
  387
  412
  437
  463
  490
  519
  549
  580
Net income, $m
  74
  96
  119
  145
  173
  203
  234
  268
  303
  341
  433
  473
  516
  560
  606
  654
  704
  756
  810
  866
  924
  984
  1,047
  1,113
  1,181
  1,252
  1,326
  1,403
  1,483
  1,567

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
  1,513
  1,793
  2,101
  2,435
  2,797
  3,185
  3,598
  4,036
  4,498
  4,984
  5,494
  6,027
  6,584
  7,164
  7,768
  8,397
  9,050
  9,729
  10,434
  11,168
  11,930
  12,722
  13,546
  14,403
  15,296
  16,225
  17,194
  18,203
  19,257
  20,355
Adjusted assets (=assets-cash), $m
  1,513
  1,793
  2,101
  2,435
  2,797
  3,185
  3,598
  4,036
  4,498
  4,984
  5,494
  6,027
  6,584
  7,164
  7,768
  8,397
  9,050
  9,729
  10,434
  11,168
  11,930
  12,722
  13,546
  14,403
  15,296
  16,225
  17,194
  18,203
  19,257
  20,355
Revenue / Adjusted assets
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
  0.544
Average production assets, $m
  906
  1,074
  1,258
  1,459
  1,675
  1,907
  2,155
  2,417
  2,694
  2,985
  3,291
  3,610
  3,944
  4,291
  4,653
  5,029
  5,420
  5,827
  6,250
  6,689
  7,145
  7,620
  8,113
  8,627
  9,161
  9,718
  10,298
  10,903
  11,534
  12,192
Working capital, $m
  84
  100
  117
  135
  155
  177
  200
  224
  250
  277
  305
  334
  365
  398
  431
  466
  502
  540
  579
  620
  662
  706
  752
  799
  849
  900
  954
  1,010
  1,069
  1,129
Total debt, $m
  393
  524
  668
  824
  993
  1,174
  1,367
  1,571
  1,787
  2,014
  2,252
  2,501
  2,761
  3,032
  3,314
  3,608
  3,913
  4,230
  4,559
  4,902
  5,258
  5,628
  6,012
  6,413
  6,830
  7,264
  7,716
  8,188
  8,679
  9,193
Total liabilities, $m
  707
  837
  981
  1,137
  1,306
  1,487
  1,680
  1,885
  2,101
  2,328
  2,566
  2,815
  3,075
  3,346
  3,628
  3,921
  4,226
  4,543
  4,873
  5,215
  5,571
  5,941
  6,326
  6,726
  7,143
  7,577
  8,029
  8,501
  8,993
  9,506
Total equity, $m
  807
  956
  1,120
  1,298
  1,491
  1,697
  1,918
  2,151
  2,397
  2,657
  2,928
  3,213
  3,509
  3,819
  4,141
  4,475
  4,824
  5,186
  5,562
  5,952
  6,358
  6,781
  7,220
  7,677
  8,153
  8,648
  9,164
  9,702
  10,264
  10,849
Total liabilities and equity, $m
  1,514
  1,793
  2,101
  2,435
  2,797
  3,184
  3,598
  4,036
  4,498
  4,985
  5,494
  6,028
  6,584
  7,165
  7,769
  8,396
  9,050
  9,729
  10,435
  11,167
  11,929
  12,722
  13,546
  14,403
  15,296
  16,225
  17,193
  18,203
  19,257
  20,355
Debt-to-equity ratio
  0.490
  0.550
  0.600
  0.630
  0.670
  0.690
  0.710
  0.730
  0.750
  0.760
  0.770
  0.780
  0.790
  0.790
  0.800
  0.810
  0.810
  0.820
  0.820
  0.820
  0.830
  0.830
  0.830
  0.840
  0.840
  0.840
  0.840
  0.840
  0.850
  0.850
Adjusted equity ratio
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533
  0.533

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  74
  96
  119
  145
  173
  203
  234
  268
  303
  341
  433
  473
  516
  560
  606
  654
  704
  756
  810
  866
  924
  984
  1,047
  1,113
  1,181
  1,252
  1,326
  1,403
  1,483
  1,567
Depreciation, amort., depletion, $m
  164
  180
  199
  219
  240
  264
  288
  315
  342
  371
  329
  361
  394
  429
  465
  503
  542
  583
  625
  669
  715
  762
  811
  863
  916
  972
  1,030
  1,090
  1,153
  1,219
Funds from operations, $m
  238
  276
  318
  364
  413
  466
  523
  583
  646
  712
  762
  834
  910
  989
  1,072
  1,157
  1,246
  1,339
  1,435
  1,535
  1,638
  1,746
  1,859
  1,975
  2,097
  2,224
  2,356
  2,493
  2,637
  2,787
Change in working capital, $m
  14
  16
  17
  19
  20
  22
  23
  24
  26
  27
  28
  30
  31
  32
  34
  35
  36
  38
  39
  41
  42
  44
  46
  48
  50
  52
  54
  56
  58
  61
Cash from operations, $m
  224
  260
  301
  345
  393
  445
  500
  558
  620
  685
  733
  805
  879
  957
  1,038
  1,122
  1,210
  1,301
  1,396
  1,494
  1,596
  1,702
  1,813
  1,928
  2,047
  2,172
  2,302
  2,437
  2,578
  2,726
Maintenance CAPEX, $m
  -75
  -91
  -107
  -126
  -146
  -168
  -191
  -215
  -242
  -269
  -299
  -329
  -361
  -394
  -429
  -465
  -503
  -542
  -583
  -625
  -669
  -715
  -762
  -811
  -863
  -916
  -972
  -1,030
  -1,090
  -1,153
New CAPEX, $m
  -152
  -168
  -184
  -200
  -216
  -232
  -247
  -262
  -277
  -291
  -305
  -319
  -333
  -348
  -362
  -376
  -391
  -407
  -423
  -439
  -456
  -475
  -494
  -514
  -535
  -557
  -580
  -605
  -631
  -658
Cash from investing activities, $m
  -227
  -259
  -291
  -326
  -362
  -400
  -438
  -477
  -519
  -560
  -604
  -648
  -694
  -742
  -791
  -841
  -894
  -949
  -1,006
  -1,064
  -1,125
  -1,190
  -1,256
  -1,325
  -1,398
  -1,473
  -1,552
  -1,635
  -1,721
  -1,811
Free cash flow, $m
  -3
  2
  9
  19
  31
  45
  62
  80
  101
  124
  130
  156
  185
  215
  247
  281
  316
  352
  390
  430
  471
  513
  557
  603
  650
  699
  750
  803
  857
  914
Issuance/(repayment) of debt, $m
  118
  131
  144
  156
  169
  181
  193
  205
  216
  227
  238
  249
  260
  271
  282
  293
  305
  317
  329
  342
  356
  370
  385
  400
  417
  434
  452
  472
  492
  513
Issuance/(repurchase) of shares, $m
  61
  54
  45
  33
  20
  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
Cash from financing (excl. dividends), $m  
  179
  185
  189
  189
  189
  185
  193
  205
  216
  227
  238
  249
  260
  271
  282
  293
  305
  317
  329
  342
  356
  370
  385
  400
  417
  434
  452
  472
  492
  513
Total cash flow (excl. dividends), $m
  175
  186
  198
  209
  219
  230
  255
  285
  317
  351
  368
  405
  445
  486
  529
  574
  621
  669
  720
  772
  827
  883
  942
  1,003
  1,067
  1,133
  1,202
  1,274
  1,349
  1,427
Retained Cash Flow (-), $m
  -135
  -149
  -164
  -178
  -193
  -207
  -220
  -233
  -246
  -259
  -272
  -284
  -297
  -309
  -322
  -335
  -348
  -362
  -376
  -391
  -406
  -422
  -439
  -457
  -476
  -495
  -516
  -538
  -561
  -586
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
  5
  7
  8
  9
  11
  12
  14
  16
  18
  20
  22
  24
  26
  29
  31
  34
  37
  39
  42
  45
  49
  52
  55
  59
  63
  67
  71
  75
  79
  84
Cash available for distribution, $m
  41
  37
  34
  30
  27
  23
  34
  52
  71
  92
  96
  121
  148
  177
  207
  239
  273
  308
  344
  381
  421
  461
  503
  546
  591
  638
  686
  736
  788
  842
Discount rate, %
  5.50
  5.78
  6.06
  6.37
  6.69
  7.02
  7.37
  7.74
  8.13
  8.53
  8.96
  9.41
  9.88
  10.37
  10.89
  11.43
  12.01
  12.61
  13.24
  13.90
  14.59
  15.32
  16.09
  16.89
  17.74
  18.62
  19.56
  20.53
  21.56
  22.64
PV of cash for distribution, $m
  39
  33
  28
  24
  19
  16
  21
  28
  35
  41
  37
  41
  44
  44
  44
  42
  40
  36
  32
  28
  24
  20
  16
  13
  10
  8
  6
  4
  3
  2
Current shareholders' claim on cash, %
  96.3
  93.7
  91.9
  90.7
  90.2
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1
  90.1

ESCO Technologies Inc. (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging. The filtration segment's activities are managed by its subsidiaries, Crissair, Inc. (Crissair), PTI Technologies Inc. (PTI), VACCO Industries (VACCO) and Westland Technologies Inc. (Westland). The Test segment activities are managed by its subsidiaries, Beijing Lindgren ElectronMagnetic Technology Co., Ltd., ETS-Lindgren Inc. and ETS-Lindgren OY. The USG segment activities are managed by its subsidiaries, including Doble Engineering Company, Doble PowerTest Ltd and Doble TransiNor AS. The technical packaging activities are managed by its subsidiaries, Thermoform Engineered Quality LLC (TEQ), Plastique Limited and Plastique Sp. z o.o.

FINANCIAL RATIOS  of  ESCO Technologies (ESE)

Valuation Ratios
P/E Ratio 29.2
Price to Sales 2.3
Price to Book 2.3
Price to Tangible Book
Price to Cash Flow 23.6
Price to Free Cash Flow 56.4
Growth Rates
Sales Growth Rate 20.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 69.6%
Cap. Spend. - 3 Yr. Gr. Rate 13.2%
Financial Strength
Quick Ratio 2
Current Ratio 0.3
LT Debt to Equity 37.9%
Total Debt to Equity 40.9%
Interest Coverage 21
Management Effectiveness
Return On Assets 5.1%
Ret/ On Assets - 3 Yr. Avg. 5.1%
Return On Total Capital 6.5%
Ret/ On T. Cap. - 3 Yr. Avg. 6.7%
Return On Equity 8.4%
Return On Equity - 3 Yr. Avg. 7.8%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 36.3%
Gross Margin - 3 Yr. Avg. 37.5%
EBITDA Margin 16.9%
EBITDA Margin - 3 Yr. Avg. 16.2%
Operating Margin 12.2%
Oper. Margin - 3 Yr. Avg. 12.5%
Pre-Tax Margin 11.7%
Pre-Tax Margin - 3 Yr. Avg. 11.7%
Net Profit Margin 7.9%
Net Profit Margin - 3 Yr. Avg. 8%
Effective Tax Rate 32.5%
Eff/ Tax Rate - 3 Yr. Avg. 32.4%
Payout Ratio 14.8%

ESE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ESE stock intrinsic value calculation we used $686 million for the last fiscal year's total revenue generated by ESCO Technologies. The default revenue input number comes from 2017 income statement of ESCO Technologies. 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 ESE stock valuation model: a) initial revenue growth rate of 20% 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 5.5%, whose default value for ESE is calculated based on our internal credit rating of ESCO Technologies, 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 ESCO Technologies.
    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 ESE stock the variable cost ratio is equal to 86.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $6 million in the base year in the intrinsic value calculation for ESE 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 ESCO Technologies.

Corporate tax rate of 27% is the nominal tax rate for ESCO Technologies. 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 ESE 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 ESE are equal to 110.1%.

Life of production assets of 10 years is the average useful life of capital assets used in ESCO Technologies 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 ESE is equal to 10.2%. 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 - $672 million for ESCO Technologies - 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 26 million for ESCO Technologies 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 ESCO Technologies at the current share price and the inputted number of shares is $1.6 billion.

RELATED COMPANIES Price Int.Val. Rating
AME Ametek 73.57 69.27  hold
FTV Fortive 77.64 54.45  sell
KEYS Keysight Techn 60.59 32.24  sell
DHR Danaher 101.29 56.60  sell
MMM 3M 201.95 175.63  hold
MWA Mueller Water 12.20 10.99  hold

COMPANY NEWS

▶ Esco Technologies: Fiscal 2Q Earnings Snapshot   [May-09-18 05:08AM  Associated Press]
▶ ESCO Announces Second Quarter Fiscal 2018 Results   [May-08-18 04:16PM  GlobeNewswire]
▶ Esco Technologies posts 1Q profit   [Feb-06-18 07:41PM  Associated Press]
▶ What Is ESCO Technologies Incs (NYSE:ESE) Share Price Doing?   [Dec-30-17 07:45AM  Simply Wall St.]
▶ Esco Technologies posts 4Q profit   [Nov-16-17 05:23AM  Associated Press]
▶ ESCO Announces Fiscal 2017 Results   [Nov-14-17 04:16PM  GlobeNewswire]
▶ Esco Technologies posts 3Q profit   [01:08AM  Associated Press]
▶ ESCO Announces Third Quarter 2017 Results   [Aug-08-17 04:16PM  GlobeNewswire]
▶ ESCO acquires Canadian utility solutions provider   [May-25-17 03:40PM  American City Business Journals]
▶ Esco Technologies posts 2Q profit   [May-05-17 05:02AM  Associated Press]
▶ ESCO Announces Second Quarter 2017 Results   [May-04-17 04:16PM  GlobeNewswire]
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.