Intrinsic value of Evercore Cl A - EVR

Previous Close

$88.90

  Intrinsic Value

$137.57

stock screener

  Rating & Target

str. buy

+55%

Previous close

$88.90

 
Intrinsic value

$137.57

 
Up/down potential

+55%

 
Rating

str. buy

Our model is not good at valuating stocks of financial companies, such as EVR.

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

We calculate the intrinsic value of EVR 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 3.9

 

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, %
  17.50
  5.60
  5.54
  5.49
  5.44
  5.39
  5.35
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
  5.03
  5.03
Revenue, $m
  1,457
  1,539
  1,624
  1,713
  1,806
  1,903
  2,005
  2,112
  2,224
  2,341
  2,463
  2,591
  2,726
  2,867
  3,014
  3,169
  3,332
  3,502
  3,681
  3,868
  4,065
  4,271
  4,487
  4,714
  4,952
  5,202
  5,465
  5,740
  6,029
  6,332
  6,651
Variable operating expenses, $m
 
  595
  627
  660
  695
  732
  770
  810
  852
  896
  942
  974
  1,025
  1,078
  1,133
  1,192
  1,253
  1,317
  1,384
  1,454
  1,528
  1,606
  1,687
  1,772
  1,862
  1,956
  2,054
  2,158
  2,267
  2,381
  2,500
Fixed operating expenses, $m
 
  664
  681
  698
  715
  733
  751
  770
  790
  809
  829
  850
  871
  893
  916
  938
  962
  986
  1,011
  1,036
  1,062
  1,088
  1,116
  1,143
  1,172
  1,201
  1,231
  1,262
  1,294
  1,326
  1,359
Total operating expenses, $m
  1,196
  1,259
  1,308
  1,358
  1,410
  1,465
  1,521
  1,580
  1,642
  1,705
  1,771
  1,824
  1,896
  1,971
  2,049
  2,130
  2,215
  2,303
  2,395
  2,490
  2,590
  2,694
  2,803
  2,915
  3,034
  3,157
  3,285
  3,420
  3,561
  3,707
  3,859
Operating income, $m
  261
  280
  316
  355
  396
  439
  484
  532
  582
  635
  692
  767
  830
  896
  966
  1,039
  1,117
  1,199
  1,286
  1,378
  1,475
  1,577
  1,685
  1,798
  1,918
  2,045
  2,179
  2,320
  2,469
  2,626
  2,791
EBITDA, $m
  286
  305
  342
  381
  422
  466
  512
  560
  611
  665
  722
  782
  846
  913
  983
  1,058
  1,137
  1,220
  1,308
  1,401
  1,498
  1,602
  1,711
  1,826
  1,947
  2,076
  2,211
  2,353
  2,504
  2,663
  2,830
Interest expense (income), $m
  14
  13
  4
  8
  12
  16
  20
  24
  29
  34
  39
  45
  50
  56
  63
  69
  76
  83
  91
  99
  107
  116
  125
  134
  144
  155
  166
  178
  190
  203
  216
Earnings before tax, $m
  268
  267
  313
  347
  384
  423
  464
  507
  553
  601
  652
  722
  779
  839
  903
  970
  1,041
  1,116
  1,196
  1,279
  1,368
  1,461
  1,560
  1,664
  1,774
  1,890
  2,013
  2,142
  2,279
  2,423
  2,575
Tax expense, $m
  119
  72
  84
  94
  104
  114
  125
  137
  149
  162
  176
  195
  210
  227
  244
  262
  281
  301
  323
  345
  369
  395
  421
  449
  479
  510
  543
  578
  615
  654
  695
Net income, $m
  108
  195
  228
  254
  280
  309
  339
  370
  404
  439
  476
  527
  569
  613
  659
  708
  760
  815
  873
  934
  998
  1,067
  1,139
  1,215
  1,295
  1,380
  1,469
  1,564
  1,664
  1,769
  1,880

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  638
  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
  1,662
  1,081
  1,141
  1,204
  1,269
  1,338
  1,409
  1,484
  1,563
  1,645
  1,731
  1,821
  1,916
  2,015
  2,118
  2,227
  2,341
  2,461
  2,587
  2,718
  2,856
  3,001
  3,153
  3,313
  3,480
  3,656
  3,840
  4,034
  4,237
  4,450
  4,674
Adjusted assets (=assets-cash), $m
  1,024
  1,081
  1,141
  1,204
  1,269
  1,338
  1,409
  1,484
  1,563
  1,645
  1,731
  1,821
  1,916
  2,015
  2,118
  2,227
  2,341
  2,461
  2,587
  2,718
  2,856
  3,001
  3,153
  3,313
  3,480
  3,656
  3,840
  4,034
  4,237
  4,450
  4,674
Revenue / Adjusted assets
  1.423
  1.424
  1.423
  1.423
  1.423
  1.422
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
  1.423
Average production assets, $m
  85
  89
  94
  99
  105
  110
  116
  122
  129
  136
  143
  150
  158
  166
  175
  184
  193
  203
  213
  224
  236
  248
  260
  273
  287
  302
  317
  333
  350
  367
  386
Working capital, $m
  463
  -152
  -161
  -170
  -179
  -188
  -199
  -209
  -220
  -232
  -244
  -257
  -270
  -284
  -298
  -314
  -330
  -347
  -364
  -383
  -402
  -423
  -444
  -467
  -490
  -515
  -541
  -568
  -597
  -627
  -658
Total debt, $m
  216
  54
  108
  164
  223
  285
  349
  417
  487
  561
  639
  720
  805
  894
  988
  1,086
  1,188
  1,296
  1,409
  1,527
  1,652
  1,782
  1,919
  2,062
  2,213
  2,371
  2,537
  2,711
  2,894
  3,086
  3,287
Total liabilities, $m
  1,135
  973
  1,027
  1,083
  1,142
  1,204
  1,268
  1,336
  1,406
  1,480
  1,558
  1,639
  1,724
  1,813
  1,907
  2,005
  2,107
  2,215
  2,328
  2,446
  2,571
  2,701
  2,838
  2,981
  3,132
  3,290
  3,456
  3,630
  3,813
  4,005
  4,206
Total equity, $m
  527
  108
  114
  120
  127
  134
  141
  148
  156
  164
  173
  182
  192
  201
  212
  223
  234
  246
  259
  272
  286
  300
  315
  331
  348
  366
  384
  403
  424
  445
  467
Total liabilities and equity, $m
  1,662
  1,081
  1,141
  1,203
  1,269
  1,338
  1,409
  1,484
  1,562
  1,644
  1,731
  1,821
  1,916
  2,014
  2,119
  2,228
  2,341
  2,461
  2,587
  2,718
  2,857
  3,001
  3,153
  3,312
  3,480
  3,656
  3,840
  4,033
  4,237
  4,450
  4,673
Debt-to-equity ratio
  0.410
  0.500
  0.950
  1.370
  1.760
  2.130
  2.480
  2.810
  3.120
  3.410
  3.690
  3.950
  4.200
  4.440
  4.660
  4.870
  5.070
  5.270
  5.450
  5.620
  5.780
  5.940
  6.090
  6.230
  6.360
  6.490
  6.610
  6.720
  6.830
  6.930
  7.030
Adjusted equity ratio
  -0.078
  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
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  108
  195
  228
  254
  280
  309
  339
  370
  404
  439
  476
  527
  569
  613
  659
  708
  760
  815
  873
  934
  998
  1,067
  1,139
  1,215
  1,295
  1,380
  1,469
  1,564
  1,664
  1,769
  1,880
Depreciation, amort., depletion, $m
  25
  25
  26
  26
  27
  27
  28
  28
  29
  30
  31
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  34
  35
  37
  39
Funds from operations, $m
  376
  220
  254
  280
  307
  336
  367
  399
  433
  469
  507
  542
  585
  630
  677
  727
  780
  835
  894
  957
  1,022
  1,092
  1,165
  1,242
  1,324
  1,410
  1,501
  1,597
  1,699
  1,806
  1,919
Change in working capital, $m
  -40
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
  -19
  -20
  -21
  -22
  -24
  -25
  -26
  -27
  -29
  -30
  -32
Cash from operations, $m
  416
  228
  262
  289
  316
  346
  377
  409
  444
  480
  519
  555
  598
  643
  691
  742
  796
  852
  912
  975
  1,042
  1,112
  1,186
  1,265
  1,348
  1,435
  1,527
  1,625
  1,727
  1,836
  1,950
Maintenance CAPEX, $m
  0
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -34
  -35
  -37
New CAPEX, $m
  -18
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -18
Cash from investing activities, $m
  -49
  -14
  -14
  -15
  -15
  -17
  -17
  -18
  -18
  -20
  -21
  -21
  -23
  -24
  -26
  -27
  -28
  -30
  -31
  -33
  -34
  -36
  -38
  -39
  -42
  -43
  -45
  -48
  -51
  -53
  -55
Free cash flow, $m
  367
  215
  248
  274
  301
  329
  360
  391
  425
  460
  498
  533
  575
  619
  666
  716
  768
  823
  881
  943
  1,008
  1,076
  1,149
  1,225
  1,306
  1,392
  1,482
  1,577
  1,677
  1,783
  1,895
Issuance/(repayment) of debt, $m
  32
  -131
  54
  56
  59
  62
  64
  67
  71
  74
  77
  81
  85
  89
  93
  98
  103
  108
  113
  118
  124
  130
  137
  144
  151
  158
  166
  174
  183
  192
  201
Issuance/(repurchase) of shares, $m
  -174
  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  
  -180
  -131
  54
  56
  59
  62
  64
  67
  71
  74
  77
  81
  85
  89
  93
  98
  103
  108
  113
  118
  124
  130
  137
  144
  151
  158
  166
  174
  183
  192
  201
Total cash flow (excl. dividends), $m
  162
  84
  302
  330
  360
  391
  424
  459
  496
  534
  575
  614
  660
  708
  760
  813
  870
  931
  994
  1,061
  1,132
  1,207
  1,286
  1,369
  1,457
  1,550
  1,648
  1,751
  1,860
  1,975
  2,096
Retained Cash Flow (-), $m
  -22
  -188
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
Prev. year cash balance distribution, $m
 
  607
  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
 
  503
  296
  324
  353
  384
  417
  451
  488
  526
  567
  605
  651
  699
  749
  803
  859
  919
  982
  1,048
  1,118
  1,192
  1,270
  1,353
  1,440
  1,532
  1,629
  1,732
  1,840
  1,954
  2,074
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  482
  271
  282
  291
  298
  303
  305
  305
  302
  297
  287
  278
  266
  252
  236
  218
  200
  181
  161
  142
  123
  105
  89
  73
  60
  48
  37
  28
  21
  16
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

Evercore Inc., formerly Evercore Partners Inc., is a global independent investment banking advisory company. The Company advises a diverse set of investment banking clients on a wide range of transactions and issues and provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. The Firm also offers investment management services to high net worth and institutional investors. The Company has 28 offices and affiliate offices in North America, Europe, South America and Asia and has the scale and strength to serve clients globally through a focused and tailored approach designed to meet their unique needs.

FINANCIAL RATIOS  of  Evercore Cl A (EVR)

Valuation Ratios
P/E Ratio 32.3
Price to Sales 2.4
Price to Book 6.6
Price to Tangible Book
Price to Cash Flow 8.4
Price to Free Cash Flow 8.8
Growth Rates
Sales Growth Rate 17.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 12.5%
Cap. Spend. - 3 Yr. Gr. Rate 35.1%
Financial Strength
Quick Ratio 21
Current Ratio 0.1
LT Debt to Equity 35.1%
Total Debt to Equity 41%
Interest Coverage 20
Management Effectiveness
Return On Assets 7.4%
Ret/ On Assets - 3 Yr. Avg. 6%
Return On Total Capital 15.1%
Ret/ On T. Cap. - 3 Yr. Avg. 10.9%
Return On Equity 20.9%
Return On Equity - 3 Yr. Avg. 15.2%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 98.8%
Gross Margin - 3 Yr. Avg. 98.6%
EBITDA Margin 21.1%
EBITDA Margin - 3 Yr. Avg. 19.4%
Operating Margin 17.9%
Oper. Margin - 3 Yr. Avg. 15.5%
Pre-Tax Margin 18.4%
Pre-Tax Margin - 3 Yr. Avg. 16.1%
Net Profit Margin 7.4%
Net Profit Margin - 3 Yr. Avg. 6.7%
Effective Tax Rate 44.4%
Eff/ Tax Rate - 3 Yr. Avg. 46.9%
Payout Ratio 48.1%

EVR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EVR stock intrinsic value calculation we used $1457 million for the last fiscal year's total revenue generated by Evercore Cl A. The default revenue input number comes from 2016 income statement of Evercore Cl A. 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 EVR stock valuation model: a) initial revenue growth rate of 5.6% 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 4.3%, whose default value for EVR is calculated based on our internal credit rating of Evercore Cl A, 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 Evercore Cl A.
    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 EVR stock the variable cost ratio is equal to 38.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $648 million in the base year in the intrinsic value calculation for EVR 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 7% for Evercore Cl A.

Corporate tax rate of 27% is the nominal tax rate for Evercore Cl A. 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 EVR 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 EVR are equal to 5.8%.

Life of production assets of 9.9 years is the average useful life of capital assets used in Evercore Cl A 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 EVR is equal to -9.9%. 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 - $527 million for Evercore Cl A - 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 43.539 million for Evercore Cl A 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 Evercore Cl A at the current share price and the inputted number of shares is $3.9 billion.

RELATED COMPANIES Price Int.Val. Rating
MC Moelis 48.15 288.05  str.buy
PJT PJT Partners 44.34 71.01  str.buy
GHL Greenhill 18.60 45.40  str.buy
PJC Piper Jaffray 79.40 102.58  str.buy
HLI Houlihan Lokey 45.51 139.65  str.buy
JMP JMP Group 5.41 1.38  str.sell
MS Morgan Stanley 53.18 130.50  str.buy
GS Goldman Sachs 255.56 547.95  str.buy

COMPANY NEWS

▶ Is Evercore Inc (NYSE:EVR) A Sell At Its Current PE Ratio?   [Dec-12-17 08:34AM  Simply Wall St.]
▶ Evercore Partners Earns Composite Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ Haines Sees 75% Chance of Tax Reform Becoming Law   [Nov-27-17 09:02AM  Bloomberg Video]
▶ ETFs with exposure to Evercore, Inc. : November 20, 2017   [Nov-20-17 12:23PM  Capital Cube]
▶ Best NYSE Stocks For Your Portfolio   [Nov-16-17 06:02AM  Simply Wall St.]
▶ Evercore's Altman on Trump's Asia Trip, China, Tax Reform   [Nov-13-17 10:32PM  Bloomberg Video]
▶ Stocks Close Slightly Higher; What's Eating Weight Watchers?   [04:18PM  Investor's Business Daily]
▶ M&A fee battle pits David v Goliath   [02:11PM  Reuters]
▶ ETFs with exposure to Evercore, Inc. : November 10, 2017   [Nov-10-17 12:21PM  Capital Cube]
▶ Evercore CEO Says Powell Was a 'Presidential Choice'   [Nov-02-17 07:04PM  Bloomberg Video]
▶ BG Staffing And Other Great Cheap Stocks   [Nov-01-17 09:02AM  Simply Wall St.]
▶ What Is Evercore Incs (EVR) Share Price Doing?   [Oct-26-17 07:10PM  Simply Wall St.]
▶ Evercore Partners posts 3Q profit   [06:35AM  Associated Press]
▶ Anthony DiClemente Joins Evercore ISI Research Team   [Oct-23-17 04:15PM  PR Newswire]
▶ MOVES- Evercore, Visa, JPMorgan, Lazard, Citigroup   [Sep-07-17 05:08PM  Reuters]
▶ Evercore CEO on North Korea, Harvey and M&A   [Sep-06-17 05:14PM  Bloomberg Video]
▶ Evercore Partners Schlosstein Says Be Like Buffett   [Aug-29-17 10:06AM  Bloomberg Video]
▶ Evercore Vice Chair Sees Open Field for Next Fed Chair   [Aug-25-17 04:29PM  Bloomberg Video]
▶ 6 Undervalued Stocks Based on the Peter Lynch Value   [Aug-03-17 06:26PM  GuruFocus.com]
▶ Evercore Partners posts 2Q profit   [01:39AM  Associated Press]
▶ Josh Schimmer Joins Evercore ISI Research Team   [Jul-25-17 08:00AM  PR Newswire]
▶ Evercore's Haines Says GOP Making Progress on Health Bill   [Jul-14-17 02:02PM  Bloomberg Video]
▶ [$$] EvercoreHiresDeutscheBank's PaulStefanick   [10:06AM  The Wall Street Journal]
▶ [$$] Overflowing Evercore Takes New Space in London's Mayfair Neighborhood   [Jun-27-17 11:16AM  The Wall Street Journal]
▶ Evercores Hyman Sees 3.5% U.S. Jobless Rate   [Jun-23-17 07:39AM  Bloomberg Video]
▶ Wilkinson: Why Republicans Will Pass Trumpcare   [07:07AM  Bloomberg Video]
▶ Evercore Partners posts 1Q profit   [06:28AM  Associated Press]
▶ Top Ranked Growth Stocks to Buy for April 12th   [Apr-12-17 10:58AM  Zacks]
▶ [$$] Barclays CEO Is Probed Over Bid to Unmask Whistleblower   [Apr-11-17 12:19AM  The Wall Street Journal]
▶ [$$] Barclays CEO Probed Over Whistleblower   [Apr-10-17 08:16PM  The Wall Street Journal]
Financial statements of EVR
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.