Intrinsic value of Eagle Materials - EXP

Previous Close

$120.07

  Intrinsic Value

$10.80

stock screener

  Rating & Target

str. sell

-91%

Previous close

$120.07

 
Intrinsic value

$10.80

 
Up/down potential

-91%

 
Rating

str. sell

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

We calculate the intrinsic value of EXP 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

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   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, %
  5.95
  12.90
  12.11
  11.40
  10.76
  10.18
  9.66
  9.20
  8.78
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
  6.32
  6.19
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
Revenue, $m
  1,211
  1,367
  1,533
  1,708
  1,891
  2,084
  2,285
  2,495
  2,714
  2,943
  3,180
  3,426
  3,683
  3,949
  4,226
  4,513
  4,812
  5,123
  5,447
  5,784
  6,135
  6,500
  6,882
  7,279
  7,694
  8,127
  8,580
  9,053
  9,547
  10,064
  10,604
Variable operating expenses, $m
 
  1,102
  1,233
  1,372
  1,517
  1,669
  1,829
  1,995
  2,169
  2,349
  2,537
  2,712
  2,915
  3,126
  3,345
  3,573
  3,810
  4,056
  4,312
  4,579
  4,857
  5,146
  5,448
  5,763
  6,091
  6,434
  6,792
  7,167
  7,558
  7,967
  8,395
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
  917
  1,102
  1,233
  1,372
  1,517
  1,669
  1,829
  1,995
  2,169
  2,349
  2,537
  2,712
  2,915
  3,126
  3,345
  3,573
  3,810
  4,056
  4,312
  4,579
  4,857
  5,146
  5,448
  5,763
  6,091
  6,434
  6,792
  7,167
  7,558
  7,967
  8,395
Operating income, $m
  295
  265
  300
  336
  374
  414
  456
  500
  546
  593
  643
  714
  767
  823
  880
  940
  1,003
  1,067
  1,135
  1,205
  1,278
  1,354
  1,434
  1,517
  1,603
  1,693
  1,788
  1,886
  1,989
  2,097
  2,209
EBITDA, $m
  387
  378
  424
  472
  523
  576
  632
  690
  750
  813
  879
  947
  1,018
  1,092
  1,168
  1,248
  1,330
  1,416
  1,506
  1,599
  1,696
  1,797
  1,902
  2,012
  2,127
  2,247
  2,372
  2,503
  2,639
  2,782
  2,932
Interest expense (income), $m
  19
  24
  28
  33
  39
  44
  50
  56
  62
  69
  76
  83
  90
  98
  106
  114
  123
  132
  141
  151
  161
  171
  182
  194
  206
  218
  231
  244
  259
  273
  289
Earnings before tax, $m
  295
  241
  271
  303
  336
  370
  406
  444
  484
  524
  567
  631
  677
  725
  775
  826
  880
  936
  994
  1,054
  1,117
  1,183
  1,252
  1,323
  1,398
  1,475
  1,557
  1,642
  1,730
  1,823
  1,921
Tax expense, $m
  97
  65
  73
  82
  91
  100
  110
  120
  131
  142
  153
  170
  183
  196
  209
  223
  238
  253
  268
  285
  302
  319
  338
  357
  377
  398
  420
  443
  467
  492
  519
Net income, $m
  198
  176
  198
  221
  245
  270
  297
  324
  353
  383
  414
  461
  494
  529
  565
  603
  642
  683
  726
  770
  816
  864
  914
  966
  1,020
  1,077
  1,136
  1,198
  1,263
  1,331
  1,402

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  7
  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
  2,247
  2,527
  2,833
  3,156
  3,496
  3,852
  4,224
  4,613
  5,018
  5,439
  5,877
  6,333
  6,807
  7,299
  7,811
  8,342
  8,895
  9,470
  10,068
  10,691
  11,340
  12,016
  12,720
  13,455
  14,222
  15,023
  15,859
  16,733
  17,647
  18,602
  19,601
Adjusted assets (=assets-cash), $m
  2,240
  2,527
  2,833
  3,156
  3,496
  3,852
  4,224
  4,613
  5,018
  5,439
  5,877
  6,333
  6,807
  7,299
  7,811
  8,342
  8,895
  9,470
  10,068
  10,691
  11,340
  12,016
  12,720
  13,455
  14,222
  15,023
  15,859
  16,733
  17,647
  18,602
  19,601
Revenue / Adjusted assets
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
  0.541
Average production assets, $m
  1,436
  1,620
  1,816
  2,023
  2,241
  2,469
  2,708
  2,957
  3,217
  3,487
  3,768
  4,060
  4,364
  4,679
  5,007
  5,348
  5,703
  6,071
  6,455
  6,854
  7,270
  7,703
  8,155
  8,626
  9,118
  9,631
  10,167
  10,727
  11,313
  11,926
  12,566
Working capital, $m
  171
  276
  310
  345
  382
  421
  462
  504
  548
  594
  642
  692
  744
  798
  854
  912
  972
  1,035
  1,100
  1,168
  1,239
  1,313
  1,390
  1,470
  1,554
  1,642
  1,733
  1,829
  1,928
  2,033
  2,142
Total debt, $m
  686
  812
  954
  1,103
  1,261
  1,425
  1,598
  1,778
  1,965
  2,160
  2,363
  2,574
  2,794
  3,021
  3,258
  3,504
  3,760
  4,027
  4,304
  4,592
  4,892
  5,205
  5,532
  5,872
  6,227
  6,598
  6,985
  7,390
  7,812
  8,255
  8,717
Total liabilities, $m
  1,044
  1,170
  1,312
  1,461
  1,619
  1,783
  1,956
  2,136
  2,323
  2,518
  2,721
  2,932
  3,152
  3,379
  3,616
  3,862
  4,118
  4,385
  4,662
  4,950
  5,250
  5,563
  5,890
  6,230
  6,585
  6,956
  7,343
  7,748
  8,170
  8,613
  9,075
Total equity, $m
  1,203
  1,357
  1,521
  1,695
  1,877
  2,068
  2,268
  2,477
  2,694
  2,921
  3,156
  3,401
  3,655
  3,920
  4,194
  4,480
  4,777
  5,085
  5,407
  5,741
  6,089
  6,452
  6,831
  7,226
  7,637
  8,067
  8,517
  8,986
  9,476
  9,989
  10,526
Total liabilities and equity, $m
  2,247
  2,527
  2,833
  3,156
  3,496
  3,851
  4,224
  4,613
  5,017
  5,439
  5,877
  6,333
  6,807
  7,299
  7,810
  8,342
  8,895
  9,470
  10,069
  10,691
  11,339
  12,015
  12,721
  13,456
  14,222
  15,023
  15,860
  16,734
  17,646
  18,602
  19,601
Debt-to-equity ratio
  0.570
  0.600
  0.630
  0.650
  0.670
  0.690
  0.700
  0.720
  0.730
  0.740
  0.750
  0.760
  0.760
  0.770
  0.780
  0.780
  0.790
  0.790
  0.800
  0.800
  0.800
  0.810
  0.810
  0.810
  0.820
  0.820
  0.820
  0.820
  0.820
  0.830
  0.830
Adjusted equity ratio
  0.534
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537
  0.537

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  198
  176
  198
  221
  245
  270
  297
  324
  353
  383
  414
  461
  494
  529
  565
  603
  642
  683
  726
  770
  816
  864
  914
  966
  1,020
  1,077
  1,136
  1,198
  1,263
  1,331
  1,402
Depreciation, amort., depletion, $m
  92
  113
  124
  136
  149
  162
  175
  190
  205
  220
  236
  233
  251
  269
  288
  307
  328
  349
  371
  394
  418
  443
  469
  496
  524
  554
  584
  617
  650
  685
  722
Funds from operations, $m
  371
  289
  322
  357
  394
  432
  472
  514
  558
  603
  650
  694
  745
  798
  853
  911
  970
  1,032
  1,097
  1,164
  1,234
  1,306
  1,382
  1,462
  1,544
  1,631
  1,721
  1,815
  1,913
  2,016
  2,124
Change in working capital, $m
  39
  32
  33
  35
  37
  39
  41
  42
  44
  46
  48
  50
  52
  54
  56
  58
  60
  63
  65
  68
  71
  74
  77
  80
  84
  88
  91
  96
  100
  104
  109
Cash from operations, $m
  332
  258
  289
  322
  356
  393
  431
  472
  513
  557
  602
  644
  693
  744
  797
  852
  910
  969
  1,031
  1,096
  1,163
  1,233
  1,305
  1,381
  1,460
  1,543
  1,629
  1,719
  1,814
  1,912
  2,015
Maintenance CAPEX, $m
  0
  -83
  -93
  -104
  -116
  -129
  -142
  -156
  -170
  -185
  -200
  -217
  -233
  -251
  -269
  -288
  -307
  -328
  -349
  -371
  -394
  -418
  -443
  -469
  -496
  -524
  -554
  -584
  -617
  -650
  -685
New CAPEX, $m
  -57
  -185
  -196
  -207
  -218
  -228
  -239
  -249
  -260
  -270
  -281
  -292
  -304
  -316
  -328
  -341
  -354
  -369
  -384
  -399
  -416
  -433
  -452
  -471
  -492
  -513
  -536
  -560
  -586
  -612
  -641
Cash from investing activities, $m
  -457
  -268
  -289
  -311
  -334
  -357
  -381
  -405
  -430
  -455
  -481
  -509
  -537
  -567
  -597
  -629
  -661
  -697
  -733
  -770
  -810
  -851
  -895
  -940
  -988
  -1,037
  -1,090
  -1,144
  -1,203
  -1,262
  -1,326
Free cash flow, $m
  -125
  -10
  -1
  10
  23
  36
  51
  67
  84
  102
  121
  136
  156
  178
  201
  224
  248
  273
  299
  325
  353
  381
  411
  441
  473
  506
  540
  575
  611
  649
  689
Issuance/(repayment) of debt, $m
  185
  133
  142
  150
  157
  165
  172
  180
  187
  195
  203
  211
  219
  228
  237
  246
  256
  266
  277
  288
  300
  313
  326
  340
  355
  371
  387
  405
  423
  442
  463
Issuance/(repurchase) of shares, $m
  -38
  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  
  146
  133
  142
  150
  157
  165
  172
  180
  187
  195
  203
  211
  219
  228
  237
  246
  256
  266
  277
  288
  300
  313
  326
  340
  355
  371
  387
  405
  423
  442
  463
Total cash flow (excl. dividends), $m
  20
  123
  141
  160
  180
  201
  223
  247
  271
  297
  324
  347
  376
  406
  437
  470
  504
  539
  576
  614
  653
  694
  737
  782
  828
  876
  927
  979
  1,034
  1,092
  1,152
Retained Cash Flow (-), $m
  -162
  -154
  -164
  -173
  -182
  -191
  -200
  -209
  -217
  -226
  -235
  -245
  -254
  -264
  -275
  -286
  -297
  -309
  -321
  -334
  -348
  -363
  -378
  -395
  -412
  -430
  -449
  -469
  -491
  -513
  -537
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
 
  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
 
  -31
  -23
  -14
  -3
  10
  23
  38
  54
  71
  89
  102
  121
  142
  163
  184
  207
  230
  254
  279
  305
  331
  359
  387
  416
  446
  478
  510
  544
  579
  615
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
 
  -29
  -21
  -11
  -2
  7
  16
  23
  30
  35
  39
  40
  41
  42
  41
  39
  37
  34
  30
  26
  23
  19
  16
  13
  10
  8
  6
  4
  3
  2
  1
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

Eagle Materials Inc. is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company's construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates. Its building materials include gypsum wallboard. Its basic material used for oil and natural gas extraction include frac sand and oil well cement. It sells cement in over six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. It sells slag in the greater Chicago, Illinois area and the greater Midwest area. It has approximately three concrete and aggregates businesses. It also operates a recycled paperboard business.

FINANCIAL RATIOS  of  Eagle Materials (EXP)

Valuation Ratios
P/E Ratio 29.4
Price to Sales 4.8
Price to Book 4.8
Price to Tangible Book
Price to Cash Flow 17.5
Price to Free Cash Flow 21.2
Growth Rates
Sales Growth Rate 5.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -36.7%
Cap. Spend. - 3 Yr. Gr. Rate -0.7%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 50.3%
Total Debt to Equity 57%
Interest Coverage 17
Management Effectiveness
Return On Assets 10.2%
Ret/ On Assets - 3 Yr. Avg. 10.2%
Return On Total Capital 11.5%
Ret/ On T. Cap. - 3 Yr. Avg. 11.7%
Return On Equity 17.6%
Return On Equity - 3 Yr. Avg. 17.6%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 25.8%
Gross Margin - 3 Yr. Avg. 23.3%
EBITDA Margin 33.5%
EBITDA Margin - 3 Yr. Avg. 31.6%
Operating Margin 24.3%
Oper. Margin - 3 Yr. Avg. 22.4%
Pre-Tax Margin 24.4%
Pre-Tax Margin - 3 Yr. Avg. 22.4%
Net Profit Margin 16.4%
Net Profit Margin - 3 Yr. Avg. 15.8%
Effective Tax Rate 32.9%
Eff/ Tax Rate - 3 Yr. Avg. 29.7%
Payout Ratio 9.6%

EXP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EXP stock intrinsic value calculation we used $1211 million for the last fiscal year's total revenue generated by Eagle Materials. The default revenue input number comes from 2017 income statement of Eagle Materials. 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 EXP stock valuation model: a) initial revenue growth rate of 12.9% 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 EXP is calculated based on our internal credit rating of Eagle Materials, 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 Eagle Materials.
    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 EXP stock the variable cost ratio is equal to 80.8%.

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 EXP 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 3.5% for Eagle Materials.

Corporate tax rate of 27% is the nominal tax rate for Eagle Materials. 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 EXP 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 EXP are equal to 118.5%.

Life of production assets of 17.4 years is the average useful life of capital assets used in Eagle Materials 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 EXP is equal to 20.2%. 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 - $1203 million for Eagle Materials - 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 48.191 million for Eagle Materials 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 Eagle Materials at the current share price and the inputted number of shares is $5.8 billion.

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COMPANY NEWS

▶ Eagle Materials Trying To Close In On Key Technical Measure   [Dec-05-17 03:00AM  Investor's Business Daily]
▶ Eagle Materials Declares Quarterly Dividend   [Nov-01-17 04:15PM  Business Wire]
▶ Eagle Materials misses 2Q profit forecasts   [06:35AM  Associated Press]
▶ Hurricane history favours U.S. building suppliers   [Oct-09-17 06:30AM  Reuters]
▶ Millennials are changing the real estate market: Blackstones Gray   [Oct-04-17 05:52PM  Yahoo Finance Video]
▶ Why we need women in the workplace: Blackstones Gray   [01:16PM  Yahoo Finance Video]
▶ Eagle Materials Hits 80-Plus Relative Strength Rating Benchmark   [Sep-28-17 03:00AM  Investor's Business Daily]
▶ Big Cement Deal Sparks Group As Top Stock Breaks Out   [Sep-21-17 04:01PM  Investor's Business Daily]
▶ Big Cement Deal Sparks Group As Top Stock Breaks Out   [02:28PM  Investor's Business Daily]
▶ IBD Rating Upgrades: Eagle Materials Flashes Improved Relative Price Strength   [Sep-18-17 03:00AM  Investor's Business Daily]
▶ New Strong Sell Stocks for September 13th   [Sep-13-17 08:15AM  Zacks]
▶ Stocks With Rising Relative Strength: Eagle Materials   [Sep-11-17 03:00AM  Investor's Business Daily]
▶ Home improvement outlook favorable: Bank of America   [Sep-05-17 12:25PM  CNBC Videos]
▶ Craig Hodges: These stock plays are bargains. Here's why   [Sep-01-17 06:52AM  CNBC Videos]
▶ How Uber's board sold Dara Khosrowshahi on the CEO job   [Aug-31-17 10:59AM  Yahoo Finance]
▶ Spotify CEO recommended Dara Khosrowshahi for Uber CEO role   [Aug-30-17 06:12PM  Yahoo Finance]
▶ Stocks Hold Firm Despite Houston, North Korea Woes   [12:07PM  Investor's Business Daily]
▶ What we know about Uber's next CEO Dara Khosrowshahi   [Aug-28-17 07:58AM  Yahoo Finance]
▶ New Strong Sell Stocks for August 23rd   [Aug-23-17 10:11AM  Zacks]
▶ Eagle Materials Declares Quarterly Dividend   [Aug-07-17 04:15PM  Business Wire]
▶ Eagle Materials meets 1Q profit forecasts   [01:39AM  Associated Press]
▶ Building Stock With 77% Growth Cements New Breakout   [Jun-20-17 04:23PM  Investor's Business Daily]
▶ 3 Top Dividend Stocks in Cement   [11:00AM  Motley Fool]
▶ Eagle Materials Declares Quarterly Dividend   [May-22-17 04:15PM  Business Wire]
▶ 3 Concrete Picks For Your Portfolio   [May-19-17 11:50AM  Zacks]
▶ Eagle Materials beats 4Q profit forecasts   [06:48AM  Associated Press]
Financial statements of EXP
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