Intrinsic value of Hillenbrand - HI

Previous Close

$52.00

  Intrinsic Value

$63.85

stock screener

  Rating & Target

buy

+23%

Previous close

$52.00

 
Intrinsic value

$63.85

 
Up/down potential

+23%

 
Rating

buy

We calculate the intrinsic value of HI 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 3.3

 

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, %
  3.40
  3.56
  3.70
  3.83
  3.95
  4.06
  4.15
  4.23
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.82
  4.84
  4.86
  4.87
  4.89
  4.90
  4.91
  4.92
  4.92
Revenue, $m
  1,644
  1,703
  1,766
  1,833
  1,906
  1,983
  2,065
  2,153
  2,246
  2,344
  2,448
  2,558
  2,675
  2,797
  2,927
  3,064
  3,208
  3,360
  3,520
  3,688
  3,865
  4,052
  4,248
  4,454
  4,671
  4,899
  5,139
  5,392
  5,657
  5,935
Variable operating expenses, $m
  795
  819
  845
  873
  903
  935
  969
  1,005
  1,043
  1,084
  1,009
  1,055
  1,103
  1,154
  1,207
  1,263
  1,323
  1,385
  1,451
  1,521
  1,594
  1,671
  1,752
  1,837
  1,926
  2,020
  2,119
  2,223
  2,333
  2,447
Fixed operating expenses, $m
  625
  639
  653
  668
  682
  697
  713
  728
  744
  761
  778
  795
  812
  830
  848
  867
  886
  905
  925
  946
  967
  988
  1,010
  1,032
  1,054
  1,078
  1,101
  1,126
  1,150
  1,176
Total operating expenses, $m
  1,420
  1,458
  1,498
  1,541
  1,585
  1,632
  1,682
  1,733
  1,787
  1,845
  1,787
  1,850
  1,915
  1,984
  2,055
  2,130
  2,209
  2,290
  2,376
  2,467
  2,561
  2,659
  2,762
  2,869
  2,980
  3,098
  3,220
  3,349
  3,483
  3,623
Operating income, $m
  224
  244
  267
  293
  320
  351
  384
  420
  458
  500
  661
  709
  760
  814
  872
  934
  999
  1,069
  1,143
  1,221
  1,305
  1,393
  1,487
  1,586
  1,691
  1,802
  1,919
  2,043
  2,174
  2,312
EBITDA, $m
  478
  503
  531
  562
  596
  633
  673
  716
  762
  812
  865
  922
  982
  1,047
  1,116
  1,189
  1,266
  1,349
  1,436
  1,529
  1,627
  1,731
  1,841
  1,957
  2,080
  2,210
  2,347
  2,492
  2,645
  2,807
Interest expense (income), $m
  20
  25
  27
  30
  32
  35
  38
  41
  44
  48
  52
  56
  60
  64
  69
  74
  79
  85
  91
  97
  103
  110
  117
  125
  133
  141
  150
  159
  169
  179
  190
Earnings before tax, $m
  198
  217
  237
  260
  285
  313
  343
  375
  410
  448
  605
  649
  695
  745
  798
  854
  914
  978
  1,046
  1,118
  1,195
  1,276
  1,362
  1,453
  1,550
  1,652
  1,760
  1,874
  1,995
  2,122
Tax expense, $m
  54
  59
  64
  70
  77
  84
  93
  101
  111
  121
  163
  175
  188
  201
  215
  231
  247
  264
  282
  302
  323
  345
  368
  392
  418
  446
  475
  506
  539
  573
Net income, $m
  145
  158
  173
  190
  208
  228
  250
  274
  299
  327
  442
  474
  508
  544
  582
  624
  667
  714
  764
  816
  872
  931
  994
  1,061
  1,131
  1,206
  1,285
  1,368
  1,456
  1,549

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
  2,022
  2,094
  2,172
  2,255
  2,344
  2,439
  2,540
  2,648
  2,762
  2,883
  3,011
  3,147
  3,290
  3,441
  3,600
  3,768
  3,946
  4,132
  4,329
  4,536
  4,754
  4,984
  5,225
  5,479
  5,746
  6,026
  6,322
  6,632
  6,958
  7,300
Adjusted assets (=assets-cash), $m
  2,022
  2,094
  2,172
  2,255
  2,344
  2,439
  2,540
  2,648
  2,762
  2,883
  3,011
  3,147
  3,290
  3,441
  3,600
  3,768
  3,946
  4,132
  4,329
  4,536
  4,754
  4,984
  5,225
  5,479
  5,746
  6,026
  6,322
  6,632
  6,958
  7,300
Revenue / Adjusted assets
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
  0.813
Average production assets, $m
  1,370
  1,418
  1,471
  1,527
  1,587
  1,652
  1,720
  1,793
  1,871
  1,953
  2,039
  2,131
  2,228
  2,330
  2,438
  2,552
  2,672
  2,799
  2,932
  3,072
  3,220
  3,375
  3,538
  3,710
  3,891
  4,081
  4,281
  4,491
  4,712
  4,944
Working capital, $m
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
Total debt, $m
  507
  551
  598
  649
  703
  761
  822
  888
  957
  1,031
  1,109
  1,191
  1,279
  1,371
  1,468
  1,570
  1,678
  1,792
  1,912
  2,038
  2,171
  2,310
  2,457
  2,612
  2,774
  2,945
  3,125
  3,314
  3,512
  3,721
Total liabilities, $m
  1,232
  1,275
  1,323
  1,373
  1,428
  1,485
  1,547
  1,613
  1,682
  1,756
  1,834
  1,916
  2,003
  2,095
  2,193
  2,295
  2,403
  2,517
  2,636
  2,763
  2,895
  3,035
  3,182
  3,337
  3,499
  3,670
  3,850
  4,039
  4,237
  4,446
Total equity, $m
  791
  819
  849
  882
  917
  954
  993
  1,035
  1,080
  1,127
  1,177
  1,230
  1,286
  1,345
  1,408
  1,473
  1,543
  1,616
  1,693
  1,774
  1,859
  1,949
  2,043
  2,142
  2,247
  2,356
  2,472
  2,593
  2,720
  2,854
Total liabilities and equity, $m
  2,023
  2,094
  2,172
  2,255
  2,345
  2,439
  2,540
  2,648
  2,762
  2,883
  3,011
  3,146
  3,289
  3,440
  3,601
  3,768
  3,946
  4,133
  4,329
  4,537
  4,754
  4,984
  5,225
  5,479
  5,746
  6,026
  6,322
  6,632
  6,957
  7,300
Debt-to-equity ratio
  0.640
  0.670
  0.700
  0.740
  0.770
  0.800
  0.830
  0.860
  0.890
  0.910
  0.940
  0.970
  0.990
  1.020
  1.040
  1.070
  1.090
  1.110
  1.130
  1.150
  1.170
  1.190
  1.200
  1.220
  1.230
  1.250
  1.260
  1.280
  1.290
  1.300
Adjusted equity ratio
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391
  0.391

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  145
  158
  173
  190
  208
  228
  250
  274
  299
  327
  442
  474
  508
  544
  582
  624
  667
  714
  764
  816
  872
  931
  994
  1,061
  1,131
  1,206
  1,285
  1,368
  1,456
  1,549
Depreciation, amort., depletion, $m
  254
  259
  264
  270
  276
  282
  289
  296
  304
  312
  204
  213
  223
  233
  244
  255
  267
  280
  293
  307
  322
  338
  354
  371
  389
  408
  428
  449
  471
  494
Funds from operations, $m
  399
  417
  438
  460
  484
  511
  539
  570
  604
  639
  646
  687
  730
  777
  826
  879
  935
  994
  1,057
  1,124
  1,194
  1,269
  1,348
  1,432
  1,520
  1,614
  1,713
  1,817
  1,927
  2,044
Change in working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
Cash from operations, $m
  399
  417
  438
  460
  485
  511
  540
  571
  604
  640
  646
  687
  731
  777
  827
  879
  935
  995
  1,058
  1,124
  1,195
  1,270
  1,349
  1,433
  1,521
  1,615
  1,714
  1,818
  1,928
  2,045
Maintenance CAPEX, $m
  -133
  -137
  -142
  -147
  -153
  -159
  -165
  -172
  -179
  -187
  -195
  -204
  -213
  -223
  -233
  -244
  -255
  -267
  -280
  -293
  -307
  -322
  -338
  -354
  -371
  -389
  -408
  -428
  -449
  -471
New CAPEX, $m
  -44
  -49
  -53
  -56
  -60
  -64
  -69
  -73
  -77
  -82
  -87
  -92
  -97
  -102
  -108
  -114
  -120
  -126
  -133
  -140
  -148
  -155
  -163
  -172
  -181
  -190
  -200
  -210
  -221
  -232
Cash from investing activities, $m
  -177
  -186
  -195
  -203
  -213
  -223
  -234
  -245
  -256
  -269
  -282
  -296
  -310
  -325
  -341
  -358
  -375
  -393
  -413
  -433
  -455
  -477
  -501
  -526
  -552
  -579
  -608
  -638
  -670
  -703
Free cash flow, $m
  222
  232
  243
  257
  271
  288
  306
  326
  347
  371
  364
  392
  421
  452
  486
  522
  560
  601
  644
  691
  740
  792
  848
  907
  969
  1,036
  1,106
  1,180
  1,259
  1,342
Issuance/(repayment) of debt, $m
  41
  44
  47
  51
  54
  58
  62
  66
  70
  74
  78
  82
  87
  92
  97
  102
  108
  114
  120
  126
  133
  140
  147
  155
  163
  171
  180
  189
  199
  209
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  41
  44
  47
  51
  54
  58
  62
  66
  70
  74
  78
  82
  87
  92
  97
  102
  108
  114
  120
  126
  133
  140
  147
  155
  163
  171
  180
  189
  199
  209
Total cash flow (excl. dividends), $m
  263
  276
  291
  307
  326
  346
  368
  391
  417
  444
  442
  474
  508
  544
  583
  624
  668
  715
  764
  817
  873
  932
  995
  1,061
  1,132
  1,207
  1,285
  1,369
  1,457
  1,550
Retained Cash Flow (-), $m
  -25
  -28
  -30
  -33
  -35
  -37
  -40
  -42
  -45
  -47
  -50
  -53
  -56
  -59
  -62
  -66
  -69
  -73
  -77
  -81
  -85
  -90
  -94
  -99
  -104
  -110
  -115
  -121
  -127
  -134
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
  11
  12
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  19
  20
  20
  21
  22
  24
  25
  26
  27
  28
  30
  31
  33
  34
  36
  38
  40
Cash available for distribution, $m
  238
  247
  260
  275
  291
  309
  328
  349
  372
  397
  392
  421
  452
  485
  521
  558
  599
  642
  687
  736
  788
  842
  901
  962
  1,028
  1,097
  1,170
  1,248
  1,330
  1,416
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
  229
  227
  227
  226
  225
  224
  222
  218
  214
  208
  186
  180
  172
  163
  153
  142
  130
  118
  106
  94
  81
  70
  59
  49
  40
  32
  25
  19
  15
  11
Current shareholders' claim on cash, %
  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

Hillenbrand, Inc. is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world. The Process Equipment Group segment is a provider of compounding, extrusion and material handling; size reduction; screening and separating, and flow control products and services for a range of manufacturing and other industrial processes. It offers equipment for industries, including plastics, chemicals, fertilizers and mining. Its Batesville segment operates in the North American death care industry, and manufactures and sells funeral service products, including burial caskets, cremation caskets, containers and urns, selection room display fixtures, other personalization and memorialization products, and Web-based technology applications.

FINANCIAL RATIOS  of  Hillenbrand (HI)

Valuation Ratios
P/E Ratio 26
Price to Sales 2.1
Price to Book 4.4
Price to Tangible Book
Price to Cash Flow 13.3
Price to Free Cash Flow 14.6
Growth Rates
Sales Growth Rate 3.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.8%
Cap. Spend. - 3 Yr. Gr. Rate -1.7%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 59.5%
Total Debt to Equity 62.1%
Interest Coverage 10
Management Effectiveness
Return On Assets 7.1%
Ret/ On Assets - 3 Yr. Avg. 6.9%
Return On Total Capital 10.2%
Ret/ On T. Cap. - 3 Yr. Avg. 9.9%
Return On Equity 18.2%
Return On Equity - 3 Yr. Avg. 18.5%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 37.5%
Gross Margin - 3 Yr. Avg. 36.9%
EBITDA Margin 16.7%
EBITDA Margin - 3 Yr. Avg. 15.8%
Operating Margin 13.6%
Oper. Margin - 3 Yr. Avg. 12.7%
Pre-Tax Margin 11.8%
Pre-Tax Margin - 3 Yr. Avg. 10.9%
Net Profit Margin 7.9%
Net Profit Margin - 3 Yr. Avg. 7.4%
Effective Tax Rate 31.9%
Eff/ Tax Rate - 3 Yr. Avg. 30.3%
Payout Ratio 41.3%

HI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HI stock intrinsic value calculation we used $1590 million for the last fiscal year's total revenue generated by Hillenbrand. The default revenue input number comes from 2017 income statement of Hillenbrand. 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 HI stock valuation model: a) initial revenue growth rate of 3.4% 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 HI is calculated based on our internal credit rating of Hillenbrand, 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 Hillenbrand.
    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 HI stock the variable cost ratio is equal to 48.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $612 million in the base year in the intrinsic value calculation for HI 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 Hillenbrand.

Corporate tax rate of 27% is the nominal tax rate for Hillenbrand. 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 HI stock is equal to 0.7%.

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 HI are equal to 83.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Hillenbrand 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 HI is equal to -0.4%. 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 - $766 million for Hillenbrand - 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 64 million for Hillenbrand 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 Hillenbrand at the current share price and the inputted number of shares is $3.3 billion.

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COMPANY NEWS

▶ Hillenbrand (HI) Misses Q3 Earnings Estimates   [Aug-02-18 07:30AM  Zacks]
▶ Hillenbrand, Inc. to Host Earnings Call   [06:00AM  ACCESSWIRE]
▶ Hillenbrand: Fiscal 3Q Earnings Snapshot   [05:05AM  Associated Press]
▶ New Strong Buy Stocks for June 26th   [Jun-26-18 09:15AM  Zacks]
▶ Hillenbrand Announces New Head of Investor Relations   [Jun-14-18 05:40PM  PR Newswire]
▶ New Strong Buy Stocks for May 18th   [May-18-18 10:36AM  Zacks]
▶ Hillenbrand: Fiscal 2Q Earnings Snapshot   [May-03-18 05:03AM  Associated Press]
▶ Hillenbrand Earnings Preview   [07:58AM  Benzinga]
▶ Hillenbrand, Inc. to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ Hillenbrand posts 1Q profit   [Jan-31-18 06:02PM  Associated Press]
▶ Hillenbrand Hosts 2017 Investor Day   [Dec-12-17 06:50AM  PR Newswire]
▶ Hillenbrand, Inc. to Host Earnings Call   [06:45AM  ACCESSWIRE]
▶ Hillenbrand posts 4Q profit   [Nov-15-17 05:03PM  Associated Press]
▶ IBD Rating Upgrades: Hillenbrand Shows Improved Relative Price Strength   [Oct-27-17 03:00AM  Investor's Business Daily]
▶ Hillenbrand To Host 2017 Investor Day   [Sep-26-17 08:20AM  PR Newswire]
▶ ETFs with exposure to Hillenbrand, Inc. : August 18, 2017   [Aug-18-17 05:08PM  Capital Cube]
▶ Hillenbrand posts 3Q profit   [Aug-04-17 01:31AM  Associated Press]
▶ ETFs with exposure to Hillenbrand, Inc. : June 15, 2017   [Jun-15-17 02:10PM  Capital Cube]
▶ ETFs with exposure to Hillenbrand, Inc. : May 22, 2017   [May-22-17 01:44PM  Capital Cube]
▶ Hillenbrand posts 2Q profit   [May-04-17 05:02AM  Associated Press]
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