Intrinsic value of Guidewire Software - GWRE

Previous Close

$77.77

  Intrinsic Value

$33.72

stock screener

  Rating & Target

str. sell

-57%

Previous close

$77.77

 
Intrinsic value

$33.72

 
Up/down potential

-57%

 
Rating

str. sell

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

We calculate the intrinsic value of GWRE 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 5.8

 

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, %
  21.23
  28.40
  26.06
  23.95
  22.06
  20.35
  18.82
  17.44
  16.19
  15.07
  14.07
  13.16
  12.34
  11.61
  10.95
  10.35
  9.82
  9.34
  8.90
  8.51
  8.16
  7.84
  7.56
  7.30
  7.07
  6.87
  6.68
  6.51
  6.36
  6.22
  6.10
Revenue, $m
  514
  660
  832
  1,031
  1,259
  1,515
  1,800
  2,114
  2,456
  2,826
  3,224
  3,648
  4,098
  4,574
  5,075
  5,600
  6,150
  6,724
  7,323
  7,946
  8,595
  9,269
  9,970
  10,698
  11,455
  12,241
  13,059
  13,910
  14,794
  15,715
  16,674
Variable operating expenses, $m
 
  583
  731
  902
  1,098
  1,319
  1,565
  1,835
  2,130
  2,449
  2,791
  3,142
  3,530
  3,940
  4,371
  4,824
  5,298
  5,792
  6,308
  6,845
  7,403
  7,984
  8,588
  9,215
  9,867
  10,544
  11,249
  11,981
  12,743
  13,537
  14,363
Fixed operating expenses, $m
 
  33
  34
  34
  35
  36
  37
  38
  39
  40
  41
  42
  43
  44
  45
  46
  48
  49
  50
  51
  52
  54
  55
  56
  58
  59
  61
  62
  64
  65
  67
Total operating expenses, $m
  488
  616
  765
  936
  1,133
  1,355
  1,602
  1,873
  2,169
  2,489
  2,832
  3,184
  3,573
  3,984
  4,416
  4,870
  5,346
  5,841
  6,358
  6,896
  7,455
  8,038
  8,643
  9,271
  9,925
  10,603
  11,310
  12,043
  12,807
  13,602
  14,430
Operating income, $m
  27
  44
  68
  94
  125
  160
  198
  241
  287
  338
  392
  464
  525
  590
  658
  730
  805
  883
  965
  1,050
  1,139
  1,231
  1,327
  1,427
  1,530
  1,638
  1,750
  1,866
  1,987
  2,113
  2,244
EBITDA, $m
  46
  68
  94
  124
  158
  196
  239
  286
  338
  393
  453
  517
  585
  657
  733
  812
  895
  982
  1,073
  1,167
  1,265
  1,367
  1,473
  1,583
  1,698
  1,817
  1,941
  2,070
  2,204
  2,344
  2,489
Interest expense (income), $m
  0
  0
  2
  4
  7
  9
  13
  16
  20
  25
  29
  34
  40
  45
  51
  58
  64
  71
  79
  86
  94
  102
  111
  120
  129
  139
  149
  159
  170
  181
  193
Earnings before tax, $m
  33
  44
  66
  90
  118
  150
  186
  224
  267
  313
  362
  429
  485
  545
  607
  672
  741
  812
  887
  964
  1,045
  1,129
  1,216
  1,307
  1,401
  1,499
  1,601
  1,707
  1,817
  1,932
  2,052
Tax expense, $m
  12
  12
  18
  24
  32
  41
  50
  61
  72
  85
  98
  116
  131
  147
  164
  181
  200
  219
  239
  260
  282
  305
  328
  353
  378
  405
  432
  461
  491
  522
  554
Net income, $m
  21
  32
  48
  66
  86
  110
  135
  164
  195
  228
  265
  313
  354
  398
  443
  491
  541
  593
  647
  704
  763
  824
  888
  954
  1,023
  1,094
  1,169
  1,246
  1,327
  1,410
  1,498

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  573
  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
  1,079
  650
  819
  1,015
  1,239
  1,491
  1,772
  2,081
  2,417
  2,782
  3,173
  3,591
  4,034
  4,502
  4,995
  5,512
  6,053
  6,618
  7,208
  7,821
  8,459
  9,123
  9,813
  10,530
  11,275
  12,049
  12,854
  13,691
  14,561
  15,468
  16,412
Adjusted assets (=assets-cash), $m
  506
  650
  819
  1,015
  1,239
  1,491
  1,772
  2,081
  2,417
  2,782
  3,173
  3,591
  4,034
  4,502
  4,995
  5,512
  6,053
  6,618
  7,208
  7,821
  8,459
  9,123
  9,813
  10,530
  11,275
  12,049
  12,854
  13,691
  14,561
  15,468
  16,412
Revenue / Adjusted assets
  1.016
  1.015
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
  1.016
Average production assets, $m
  57
  73
  92
  113
  138
  167
  198
  233
  270
  311
  355
  401
  451
  503
  558
  616
  677
  740
  806
  874
  945
  1,020
  1,097
  1,177
  1,260
  1,347
  1,437
  1,530
  1,627
  1,729
  1,834
Working capital, $m
  515
  -75
  -94
  -117
  -142
  -171
  -203
  -239
  -278
  -319
  -364
  -412
  -463
  -517
  -573
  -633
  -695
  -760
  -827
  -898
  -971
  -1,047
  -1,127
  -1,209
  -1,294
  -1,383
  -1,476
  -1,572
  -1,672
  -1,776
  -1,884
Total debt, $m
  0
  53
  115
  188
  270
  363
  466
  580
  704
  838
  982
  1,135
  1,298
  1,471
  1,652
  1,842
  2,042
  2,250
  2,466
  2,692
  2,927
  3,171
  3,425
  3,689
  3,963
  4,248
  4,544
  4,852
  5,173
  5,506
  5,853
Total liabilities, $m
  186
  239
  301
  374
  456
  549
  652
  766
  890
  1,024
  1,168
  1,321
  1,484
  1,657
  1,838
  2,028
  2,228
  2,436
  2,652
  2,878
  3,113
  3,357
  3,611
  3,875
  4,149
  4,434
  4,730
  5,038
  5,359
  5,692
  6,039
Total equity, $m
  893
  411
  518
  641
  783
  942
  1,120
  1,315
  1,528
  1,758
  2,005
  2,269
  2,549
  2,845
  3,157
  3,484
  3,826
  4,183
  4,555
  4,943
  5,346
  5,766
  6,202
  6,655
  7,125
  7,615
  8,123
  8,652
  9,203
  9,776
  10,372
Total liabilities and equity, $m
  1,079
  650
  819
  1,015
  1,239
  1,491
  1,772
  2,081
  2,418
  2,782
  3,173
  3,590
  4,033
  4,502
  4,995
  5,512
  6,054
  6,619
  7,207
  7,821
  8,459
  9,123
  9,813
  10,530
  11,274
  12,049
  12,853
  13,690
  14,562
  15,468
  16,411
Debt-to-equity ratio
  0.000
  0.130
  0.220
  0.290
  0.340
  0.380
  0.420
  0.440
  0.460
  0.480
  0.490
  0.500
  0.510
  0.520
  0.520
  0.530
  0.530
  0.540
  0.540
  0.540
  0.550
  0.550
  0.550
  0.550
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
  0.560
Adjusted equity ratio
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632
  0.632

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  21
  32
  48
  66
  86
  110
  135
  164
  195
  228
  265
  313
  354
  398
  443
  491
  541
  593
  647
  704
  763
  824
  888
  954
  1,023
  1,094
  1,169
  1,246
  1,327
  1,410
  1,498
Depreciation, amort., depletion, $m
  19
  24
  26
  29
  33
  36
  41
  45
  50
  56
  61
  54
  60
  67
  74
  82
  90
  99
  107
  117
  126
  136
  146
  157
  168
  180
  192
  204
  217
  230
  245
Funds from operations, $m
  171
  56
  74
  95
  119
  146
  176
  209
  245
  284
  326
  367
  414
  465
  517
  573
  631
  691
  755
  820
  889
  960
  1,034
  1,111
  1,191
  1,274
  1,360
  1,450
  1,544
  1,641
  1,742
Change in working capital, $m
  34
  -16
  -19
  -23
  -26
  -29
  -32
  -35
  -39
  -42
  -45
  -48
  -51
  -54
  -57
  -59
  -62
  -65
  -68
  -70
  -73
  -76
  -79
  -82
  -86
  -89
  -92
  -96
  -100
  -104
  -108
Cash from operations, $m
  137
  73
  94
  118
  145
  175
  208
  245
  284
  326
  371
  415
  465
  518
  574
  632
  693
  756
  822
  891
  962
  1,036
  1,113
  1,193
  1,276
  1,363
  1,453
  1,546
  1,643
  1,745
  1,851
Maintenance CAPEX, $m
  0
  -8
  -10
  -12
  -15
  -18
  -22
  -26
  -31
  -36
  -41
  -47
  -54
  -60
  -67
  -74
  -82
  -90
  -99
  -107
  -117
  -126
  -136
  -146
  -157
  -168
  -180
  -192
  -204
  -217
  -230
New CAPEX, $m
  -7
  -16
  -19
  -22
  -25
  -28
  -31
  -35
  -38
  -41
  -44
  -47
  -50
  -52
  -55
  -58
  -60
  -63
  -66
  -69
  -71
  -74
  -77
  -80
  -83
  -87
  -90
  -94
  -97
  -101
  -105
Cash from investing activities, $m
  -113
  -24
  -29
  -34
  -40
  -46
  -53
  -61
  -69
  -77
  -85
  -94
  -104
  -112
  -122
  -132
  -142
  -153
  -165
  -176
  -188
  -200
  -213
  -226
  -240
  -255
  -270
  -286
  -301
  -318
  -335
Free cash flow, $m
  24
  49
  65
  84
  105
  128
  155
  184
  215
  249
  286
  321
  362
  406
  452
  500
  550
  603
  658
  715
  774
  836
  900
  967
  1,036
  1,108
  1,183
  1,261
  1,342
  1,427
  1,515
Issuance/(repayment) of debt, $m
  0
  53
  62
  72
  82
  93
  103
  114
  124
  134
  144
  154
  163
  172
  181
  190
  199
  208
  217
  226
  235
  244
  254
  264
  274
  285
  296
  308
  320
  334
  347
Issuance/(repurchase) of shares, $m
  6
  58
  59
  58
  55
  50
  42
  31
  18
  2
  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  
  15
  111
  121
  130
  137
  143
  145
  145
  142
  136
  144
  154
  163
  172
  181
  190
  199
  208
  217
  226
  235
  244
  254
  264
  274
  285
  296
  308
  320
  334
  347
Total cash flow (excl. dividends), $m
  40
  160
  187
  214
  242
  271
  300
  329
  357
  385
  430
  475
  525
  578
  633
  690
  749
  811
  875
  941
  1,009
  1,080
  1,154
  1,231
  1,310
  1,393
  1,479
  1,569
  1,663
  1,760
  1,862
Retained Cash Flow (-), $m
  -109
  -91
  -107
  -124
  -142
  -159
  -177
  -195
  -213
  -230
  -247
  -264
  -280
  -296
  -312
  -327
  -342
  -357
  -372
  -388
  -403
  -419
  -436
  -453
  -471
  -489
  -509
  -529
  -550
  -573
  -597
Prev. year cash balance distribution, $m
 
  573
  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
 
  643
  80
  90
  101
  112
  122
  133
  144
  155
  182
  211
  245
  282
  322
  363
  407
  454
  502
  553
  606
  661
  718
  778
  839
  904
  971
  1,040
  1,112
  1,187
  1,265
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
 
  616
  73
  78
  83
  86
  89
  90
  90
  89
  96
  100
  105
  107
  108
  107
  104
  99
  92
  85
  77
  68
  60
  51
  43
  35
  28
  22
  17
  13
  10
Current shareholders' claim on cash, %
  100
  97.3
  95.2
  93.6
  92.4
  91.5
  90.9
  90.5
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3
  90.3

Guidewire Software, Inc. is a provider of software products for property and casualty (P&C) insurers. The Company's software serves as a technology platform for P&C insurance carriers. The Company's InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers. The Company's core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. The Company's data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. The Company's digital engagement includes Guidewire Digital Portals.

FINANCIAL RATIOS  of  Guidewire Software (GWRE)

Valuation Ratios
P/E Ratio 277.8
Price to Sales 11.3
Price to Book 6.5
Price to Tangible Book
Price to Cash Flow 42.6
Price to Free Cash Flow 44.9
Growth Rates
Sales Growth Rate 21.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 7%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 2.1%
Ret/ On Assets - 3 Yr. Avg. 1.7%
Return On Total Capital 2.5%
Ret/ On T. Cap. - 3 Yr. Avg. 2%
Return On Equity 2.5%
Return On Equity - 3 Yr. Avg. 2%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 62.8%
Gross Margin - 3 Yr. Avg. 62.8%
EBITDA Margin 10.1%
EBITDA Margin - 3 Yr. Avg. 7.8%
Operating Margin 5.1%
Oper. Margin - 3 Yr. Avg. 4.4%
Pre-Tax Margin 6.4%
Pre-Tax Margin - 3 Yr. Avg. 5.3%
Net Profit Margin 4.1%
Net Profit Margin - 3 Yr. Avg. 3.4%
Effective Tax Rate 36.4%
Eff/ Tax Rate - 3 Yr. Avg. 35.4%
Payout Ratio 0%

GWRE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GWRE stock intrinsic value calculation we used $514 million for the last fiscal year's total revenue generated by Guidewire Software. The default revenue input number comes from 2017 income statement of Guidewire Software. 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 GWRE stock valuation model: a) initial revenue growth rate of 28.4% 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 GWRE is calculated based on our internal credit rating of Guidewire Software, 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 Guidewire Software.
    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 GWRE stock the variable cost ratio is equal to 88.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $32 million in the base year in the intrinsic value calculation for GWRE 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 Guidewire Software.

Corporate tax rate of 27% is the nominal tax rate for Guidewire Software. 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 GWRE 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 GWRE are equal to 11%.

Life of production assets of 7.5 years is the average useful life of capital assets used in Guidewire Software 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 GWRE is equal to -11.3%. 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 - $893 million for Guidewire Software - 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 74.965 million for Guidewire Software 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 Guidewire Software at the current share price and the inputted number of shares is $5.8 billion.

RELATED COMPANIES Price Int.Val. Rating
SPNS Sapiens Intern 14.07 24.80  str.buy
MJCO Majesco 5.77 1.51  str.sell
PEGA Pegasystems 59.45 14.15  str.sell
EBIX Ebix 66.35 118.43  str.buy
SAP SAP ADR 112.03 84.34  sell

COMPANY NEWS

▶ [$$] Guidewire to Acquire Cyber Risk Startup Cyence   [Oct-06-17 05:24PM  The Wall Street Journal]
▶ Guidewire to Acquire Cyence   [06:30AM  Business Wire]
▶ Why Guidewire Should Be On Your Watch List   [Sep-28-17 05:55PM  Morningstar]
▶ RSA Canada Deploys Guidewire System for Claims Management   [Sep-20-17 08:55AM  Business Wire]
▶ Guidewire Software Earns Composite Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ Guidewire Software beats Street 4Q forecasts   [Sep-06-17 11:57PM  Associated Press]
▶ [$$] Henry Ellenbogen's Bet on the Future Pays Off Today   [Aug-19-17 12:33AM  Barrons.com]
▶ Guidewire Software Sees Its Composite Rating Rise To 96   [Jul-18-17 03:00AM  Investor's Business Daily]
▶ Why These 4 Tech Stocks May Beat Apple, Facebook   [Jun-13-17 06:15PM  Investopedia]
▶ Guidewire Software to Present at William Blair Conference   [Jun-07-17 04:15PM  Business Wire]
▶ Strong Results for Guidewire But Shares Overpriced   [Jun-02-17 12:30AM  Morningstar]
▶ Guidewire Software reports 3Q loss   [Jun-01-17 04:26PM  Associated Press]
▶ Guidewire Software to Present at Stifel Conference   [May-31-17 04:15PM  Business Wire]
▶ Guidewire Announces 2017.1 Release of InsurancePlatform   [May-08-17 08:55AM  Business Wire]
▶ Saga Selects Guidewire Core, Data and Digital Products   [Apr-03-17 05:00AM  Business Wire]
▶ Tech: Overvalued Overall, but Opportunities Remain   [Mar-31-17 07:00AM  Morningstar]
▶ 9 New Stocks in the Wide Moat Focus   [Mar-28-17 06:00AM  Morningstar]
▶ Hays Companies Leverages Guidewire Predictive Analytics   [Mar-13-17 08:55AM  Business Wire]
Financial statements of GWRE
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.