Intrinsic value of Masco - MAS

Previous Close

$38.25

  Intrinsic Value

$31.43

stock screener

  Rating & Target

hold

-18%

Previous close

$38.25

 
Intrinsic value

$31.43

 
Up/down potential

-18%

 
Rating

hold

We calculate the intrinsic value of MAS 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 12.0

 

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, %
  3.90
  4.01
  4.11
  4.20
  4.28
  4.35
  4.42
  4.47
  4.53
  4.57
  4.62
  4.65
  4.69
  4.72
  4.75
  4.77
  4.80
  4.82
  4.83
  4.85
  4.87
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
Revenue, $m
  7,942
  8,261
  8,600
  8,961
  9,344
  9,751
  10,182
  10,637
  11,119
  11,627
  12,164
  12,730
  13,327
  13,956
  14,619
  15,317
  16,051
  16,824
  17,638
  18,493
  19,393
  20,340
  21,335
  22,381
  23,480
  24,635
  25,850
  27,126
  28,466
  29,875
Variable operating expenses, $m
  4,729
  4,915
  5,113
  5,323
  5,546
  5,783
  6,034
  6,299
  6,580
  6,876
  7,086
  7,416
  7,764
  8,130
  8,516
  8,923
  9,351
  9,801
  10,275
  10,773
  11,298
  11,849
  12,429
  13,038
  13,678
  14,351
  15,059
  15,802
  16,583
  17,404
Fixed operating expenses, $m
  2,004
  2,048
  2,093
  2,139
  2,186
  2,235
  2,284
  2,334
  2,385
  2,438
  2,491
  2,546
  2,602
  2,659
  2,718
  2,778
  2,839
  2,901
  2,965
  3,030
  3,097
  3,165
  3,235
  3,306
  3,379
  3,453
  3,529
  3,607
  3,686
  3,767
Total operating expenses, $m
  6,733
  6,963
  7,206
  7,462
  7,732
  8,018
  8,318
  8,633
  8,965
  9,314
  9,577
  9,962
  10,366
  10,789
  11,234
  11,701
  12,190
  12,702
  13,240
  13,803
  14,395
  15,014
  15,664
  16,344
  17,057
  17,804
  18,588
  19,409
  20,269
  21,171
Operating income, $m
  1,208
  1,297
  1,394
  1,499
  1,612
  1,733
  1,864
  2,004
  2,153
  2,313
  2,586
  2,768
  2,961
  3,166
  3,385
  3,616
  3,862
  4,122
  4,398
  4,690
  4,999
  5,326
  5,671
  6,037
  6,423
  6,831
  7,262
  7,717
  8,197
  8,704
EBITDA, $m
  1,530
  1,627
  1,733
  1,848
  1,971
  2,104
  2,247
  2,399
  2,562
  2,736
  2,921
  3,118
  3,328
  3,550
  3,787
  4,037
  4,303
  4,585
  4,883
  5,198
  5,532
  5,885
  6,258
  6,652
  7,069
  7,508
  7,973
  8,463
  8,980
  9,526
Interest expense (income), $m
  198
  281
  243
  262
  281
  303
  325
  349
  374
  401
  430
  459
  491
  524
  559
  596
  635
  676
  720
  765
  813
  863
  916
  972
  1,030
  1,092
  1,156
  1,224
  1,296
  1,371
  1,450
Earnings before tax, $m
  928
  1,055
  1,132
  1,217
  1,309
  1,408
  1,515
  1,629
  1,752
  1,884
  2,127
  2,277
  2,437
  2,607
  2,788
  2,981
  3,185
  3,402
  3,633
  3,877
  4,136
  4,410
  4,700
  5,007
  5,331
  5,675
  6,038
  6,421
  6,827
  7,255
Tax expense, $m
  250
  285
  306
  329
  353
  380
  409
  440
  473
  509
  574
  615
  658
  704
  753
  805
  860
  919
  981
  1,047
  1,117
  1,191
  1,269
  1,352
  1,439
  1,532
  1,630
  1,734
  1,843
  1,959
Net income, $m
  677
  770
  827
  889
  955
  1,028
  1,106
  1,189
  1,279
  1,375
  1,553
  1,662
  1,779
  1,903
  2,035
  2,176
  2,325
  2,484
  2,652
  2,830
  3,019
  3,219
  3,431
  3,655
  3,892
  4,142
  4,407
  4,687
  4,983
  5,296

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
  5,701
  5,930
  6,174
  6,433
  6,708
  7,000
  7,309
  7,636
  7,982
  8,347
  8,732
  9,139
  9,567
  10,019
  10,494
  10,995
  11,523
  12,078
  12,662
  13,276
  13,922
  14,601
  15,316
  16,066
  16,856
  17,685
  18,557
  19,473
  20,435
  21,446
Adjusted assets (=assets-cash), $m
  5,701
  5,930
  6,174
  6,433
  6,708
  7,000
  7,309
  7,636
  7,982
  8,347
  8,732
  9,139
  9,567
  10,019
  10,494
  10,995
  11,523
  12,078
  12,662
  13,276
  13,922
  14,601
  15,316
  16,066
  16,856
  17,685
  18,557
  19,473
  20,435
  21,446
Revenue / Adjusted assets
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
  1.393
Average production assets, $m
  2,184
  2,272
  2,365
  2,464
  2,570
  2,682
  2,800
  2,925
  3,058
  3,197
  3,345
  3,501
  3,665
  3,838
  4,020
  4,212
  4,414
  4,627
  4,850
  5,086
  5,333
  5,593
  5,867
  6,155
  6,457
  6,775
  7,109
  7,460
  7,828
  8,216
Working capital, $m
  -32
  -33
  -34
  -36
  -37
  -39
  -41
  -43
  -44
  -47
  -49
  -51
  -53
  -56
  -58
  -61
  -64
  -67
  -71
  -74
  -78
  -81
  -85
  -90
  -94
  -99
  -103
  -109
  -114
  -119
Total debt, $m
  2,668
  2,874
  3,093
  3,327
  3,574
  3,837
  4,115
  4,409
  4,721
  5,049
  5,396
  5,762
  6,147
  6,554
  6,982
  7,433
  7,907
  8,407
  8,933
  9,485
  10,067
  10,678
  11,321
  11,997
  12,707
  13,454
  14,238
  15,062
  15,929
  16,839
Total liabilities, $m
  5,131
  5,337
  5,556
  5,790
  6,037
  6,300
  6,578
  6,872
  7,184
  7,512
  7,859
  8,225
  8,610
  9,017
  9,445
  9,896
  10,370
  10,870
  11,396
  11,948
  12,530
  13,141
  13,784
  14,460
  15,170
  15,917
  16,701
  17,525
  18,392
  19,302
Total equity, $m
  570
  593
  617
  643
  671
  700
  731
  764
  798
  835
  873
  914
  957
  1,002
  1,049
  1,100
  1,152
  1,208
  1,266
  1,328
  1,392
  1,460
  1,532
  1,607
  1,686
  1,769
  1,856
  1,947
  2,044
  2,145
Total liabilities and equity, $m
  5,701
  5,930
  6,173
  6,433
  6,708
  7,000
  7,309
  7,636
  7,982
  8,347
  8,732
  9,139
  9,567
  10,019
  10,494
  10,996
  11,522
  12,078
  12,662
  13,276
  13,922
  14,601
  15,316
  16,067
  16,856
  17,686
  18,557
  19,472
  20,436
  21,447
Debt-to-equity ratio
  4.680
  4.850
  5.010
  5.170
  5.330
  5.480
  5.630
  5.770
  5.910
  6.050
  6.180
  6.300
  6.430
  6.540
  6.650
  6.760
  6.860
  6.960
  7.050
  7.140
  7.230
  7.310
  7.390
  7.470
  7.540
  7.610
  7.670
  7.740
  7.790
  7.850
Adjusted equity ratio
  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
  677
  770
  827
  889
  955
  1,028
  1,106
  1,189
  1,279
  1,375
  1,553
  1,662
  1,779
  1,903
  2,035
  2,176
  2,325
  2,484
  2,652
  2,830
  3,019
  3,219
  3,431
  3,655
  3,892
  4,142
  4,407
  4,687
  4,983
  5,296
Depreciation, amort., depletion, $m
  321
  330
  339
  349
  360
  371
  383
  395
  409
  423
  335
  350
  366
  384
  402
  421
  441
  463
  485
  509
  533
  559
  587
  615
  646
  677
  711
  746
  783
  822
Funds from operations, $m
  998
  1,100
  1,166
  1,238
  1,315
  1,399
  1,488
  1,585
  1,688
  1,798
  1,887
  2,012
  2,145
  2,287
  2,437
  2,597
  2,767
  2,946
  3,137
  3,339
  3,552
  3,778
  4,017
  4,270
  4,538
  4,820
  5,118
  5,433
  5,766
  6,117
Change in working capital, $m
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
Cash from operations, $m
  1,000
  1,101
  1,167
  1,239
  1,317
  1,400
  1,490
  1,586
  1,690
  1,800
  1,889
  2,014
  2,148
  2,289
  2,440
  2,600
  2,770
  2,949
  3,140
  3,342
  3,556
  3,782
  4,021
  4,274
  4,542
  4,825
  5,123
  5,439
  5,772
  6,123
Maintenance CAPEX, $m
  -210
  -218
  -227
  -237
  -246
  -257
  -268
  -280
  -293
  -306
  -320
  -335
  -350
  -366
  -384
  -402
  -421
  -441
  -463
  -485
  -509
  -533
  -559
  -587
  -615
  -646
  -677
  -711
  -746
  -783
New CAPEX, $m
  -83
  -88
  -93
  -99
  -105
  -112
  -118
  -125
  -132
  -140
  -148
  -156
  -164
  -173
  -182
  -192
  -202
  -213
  -224
  -235
  -247
  -260
  -274
  -288
  -302
  -318
  -334
  -351
  -369
  -387
Cash from investing activities, $m
  -293
  -306
  -320
  -336
  -351
  -369
  -386
  -405
  -425
  -446
  -468
  -491
  -514
  -539
  -566
  -594
  -623
  -654
  -687
  -720
  -756
  -793
  -833
  -875
  -917
  -964
  -1,011
  -1,062
  -1,115
  -1,170
Free cash flow, $m
  707
  795
  847
  903
  965
  1,032
  1,104
  1,181
  1,265
  1,354
  1,422
  1,524
  1,634
  1,750
  1,874
  2,006
  2,146
  2,295
  2,454
  2,622
  2,800
  2,989
  3,188
  3,400
  3,624
  3,861
  4,112
  4,377
  4,657
  4,953
Issuance/(repayment) of debt, $m
  -417
  206
  219
  233
  248
  263
  278
  294
  311
  329
  347
  366
  386
  406
  428
  451
  475
  499
  526
  553
  581
  611
  643
  676
  710
  747
  785
  824
  866
  910
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  
  -417
  206
  219
  233
  248
  263
  278
  294
  311
  329
  347
  366
  386
  406
  428
  451
  475
  499
  526
  553
  581
  611
  643
  676
  710
  747
  785
  824
  866
  910
Total cash flow (excl. dividends), $m
  290
  1,001
  1,066
  1,137
  1,213
  1,294
  1,382
  1,476
  1,576
  1,683
  1,769
  1,890
  2,019
  2,156
  2,302
  2,457
  2,621
  2,795
  2,979
  3,175
  3,381
  3,600
  3,831
  4,076
  4,334
  4,608
  4,896
  5,201
  5,523
  5,863
Retained Cash Flow (-), $m
  -630
  -23
  -24
  -26
  -28
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -48
  -50
  -53
  -55
  -58
  -61
  -65
  -68
  -71
  -75
  -79
  -83
  -87
  -92
  -96
  -101
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
  69
  71
  74
  77
  81
  84
  88
  92
  96
  100
  105
  109
  115
  120
  126
  132
  138
  144
  151
  159
  166
  175
  183
  192
  201
  211
  222
  233
  244
  256
Cash available for distribution, $m
  -340
  978
  1,042
  1,111
  1,185
  1,265
  1,351
  1,443
  1,541
  1,646
  1,730
  1,849
  1,976
  2,111
  2,255
  2,407
  2,568
  2,739
  2,921
  3,113
  3,317
  3,532
  3,760
  4,001
  4,255
  4,525
  4,809
  5,110
  5,427
  5,762
Discount rate, %
  6.90
  7.25
  7.61
  7.99
  8.39
  8.81
  9.25
  9.71
  10.19
  10.70
  11.24
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.61
  17.44
  18.31
  19.22
  20.18
  21.19
  22.25
  23.37
  24.53
  25.76
  27.05
  28.40
PV of cash for distribution, $m
  -318
  850
  836
  817
  792
  762
  727
  687
  643
  595
  536
  485
  433
  381
  330
  282
  236
  195
  158
  125
  97
  74
  55
  40
  28
  19
  13
  8
  5
  3
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

Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company's portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas. The Company's plumbing products include faucets, showerheads, handheld showers, valves, bathing units, shower enclosures and toilets and are sold to home center retailers and to wholesalers and distributors. It also produces architectural coatings, including paints, primers, specialty paints, stains and waterproofing products. In North America, it manufactures and sells value-priced, stock and semi-custom assembled cabinetry for kitchen, bath, storage, home office and home entertainment applications.

FINANCIAL RATIOS  of  Masco (MAS)

Valuation Ratios
P/E Ratio 24.8
Price to Sales 1.7
Price to Book -40.8
Price to Tangible Book
Price to Cash Flow 16.8
Price to Free Cash Flow 22.3
Growth Rates
Sales Growth Rate 3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 13.9%
Cap. Spend. - 3 Yr. Gr. Rate 7.4%
Financial Strength
Quick Ratio 596
Current Ratio 0
LT Debt to Equity -1005%
Total Debt to Equity -1005.7%
Interest Coverage 5
Management Effectiveness
Return On Assets 11.5%
Ret/ On Assets - 3 Yr. Avg. 12.1%
Return On Total Capital 16.4%
Ret/ On T. Cap. - 3 Yr. Avg. 15.4%
Return On Equity -226.8%
Return On Equity - 3 Yr. Avg. -7.1%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 33.4%
Gross Margin - 3 Yr. Avg. 31.4%
EBITDA Margin 16.1%
EBITDA Margin - 3 Yr. Avg. 14.6%
Operating Margin 14.3%
Oper. Margin - 3 Yr. Avg. 12.5%
Pre-Tax Margin 11.3%
Pre-Tax Margin - 3 Yr. Avg. 9.4%
Net Profit Margin 6.7%
Net Profit Margin - 3 Yr. Avg. 8%
Effective Tax Rate 35.7%
Eff/ Tax Rate - 3 Yr. Avg. 2.3%
Payout Ratio 26.1%

MAS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MAS stock intrinsic value calculation we used $7644 million for the last fiscal year's total revenue generated by Masco. The default revenue input number comes from 2017 income statement of Masco. 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 MAS stock valuation model: a) initial revenue growth rate of 3.9% 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 6.9%, whose default value for MAS is calculated based on our internal credit rating of Masco, 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 Masco.
    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 MAS stock the variable cost ratio is equal to 59.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1961 million in the base year in the intrinsic value calculation for MAS 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 9.1% for Masco.

Corporate tax rate of 27% is the nominal tax rate for Masco. 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 MAS stock is equal to 0.9%.

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 MAS are equal to 27.5%.

Life of production assets of 10 years is the average useful life of capital assets used in Masco 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 MAS 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 - $-60 million for Masco - 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 315 million for Masco 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 Masco at the current share price and the inputted number of shares is $12.0 billion.

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COMPANY NEWS

▶ Masco: 2Q Earnings Snapshot   [07:21AM  Associated Press]
▶ Masco Corporation to Host Earnings Call   [06:00AM  ACCESSWIRE]
▶ Calculating The Fair Value Of Masco Corporation (NYSE:MAS)   [Jun-23-18 10:38AM  Simply Wall St.]
▶ Masco Corporation Declares Quarterly Dividend   [Jun-22-18 09:00AM  Business Wire]
▶ Boston Scientific, Masco, MasterCard, Allergan & Paypal   [Jun-20-18 01:36PM  CNBC Videos]
▶ 7 Stocks That Could Take a Trade-War Hit   [Jun-14-18 03:12PM  InvestorPlace]
▶ Masco: 1Q Earnings Snapshot   [07:11AM  Associated Press]
▶ Masco Corporation to Host Earnings Call   [06:00AM  ACCESSWIRE]
▶ Bull bet on the housing market and this gold play   [Apr-17-18 01:31PM  CNBC Videos]
▶ Edited Transcript of MAS presentation 6-Mar-17 12:30pm GMT   [Apr-10-18 02:53PM  Thomson Reuters StreetEvents]
▶ Masco Corporation Declares Quarterly Dividend   [Mar-23-18 09:00AM  Business Wire]
▶ Toll Brothers beat on earnings but fall short on full year guidance   [Feb-27-18 10:53AM  Yahoo Finance Video]
▶ Masco beats Street 4Q forecasts   [07:41AM  Associated Press]
▶ Masco Corporation to Host Earnings Call   [06:00AM  ACCESSWIRE]
▶ 5 Companies Hit 52-Week Highs   [Jan-23-18 10:37AM  GuruFocus.com]
▶ Canada Goose, Lear, Masco, Vulcan Materials & Micron   [Jan-08-18 01:48PM  CNBC Videos]
▶ Top sectors to watch in 2018   [Dec-20-17 01:39PM  CNBC Videos]
▶ Masco Corporation Declares Quarterly Dividend   [Dec-14-17 02:15PM  Business Wire]
▶ 36 Top Funds Just Bought Shares In This Potential Breakout Stock   [Dec-12-17 04:08PM  Investor's Business Daily]
▶ Masco Has a Strong Chart and Indicators   [Dec-08-17 08:37AM  TheStreet.com]
▶ Builder stocks soar while starts remain stagnant   [Dec-05-17 01:25PM  CNBC Videos]
▶ Stocks Flashing Renewed Technical Strength: Masco   [03:00AM  Investor's Business Daily]
▶ ETFs with exposure to Masco Corp. : November 27, 2017   [Nov-27-17 02:38PM  Capital Cube]
▶ Why Masco Corporation (MAS) Could Be A Buy   [Nov-16-17 05:27PM  Simply Wall St.]
▶ Can Masco Hit Our Next Target?   [Nov-15-17 01:43PM  TheStreet.com]
▶ ETFs with exposure to Masco Corp. : November 6, 2017   [Nov-06-17 12:02PM  Capital Cube]
▶ Two stocks tank on earnings & a bright spot in retail   [Nov-02-17 01:55PM  CNBC Videos]
▶ Masco Earns IBD Rating Upgrade   [Nov-01-17 03:00AM  Investor's Business Daily]
▶ Bullish Masco Looks Set for More Gains   [02:58PM  TheStreet.com]
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