Intrinsic value of Mobileye - MBLY

Previous Close

$62.67

  Intrinsic Value

$86.85

stock screener

  Rating & Target

buy

+39%

  Value-price divergence*

+130%

Previous close

$62.67

 
Intrinsic value

$86.85

 
Up/down potential

+39%

 
Rating

buy

 
Value-price divergence*

+130%

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

We calculate the intrinsic value of MBLY 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 14.0

 

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, %
  48.55
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  358
  573
  885
  1,323
  1,920
  2,709
  3,725
  5,000
  6,565
  8,447
  10,669
  13,249
  16,198
  19,524
  23,230
  27,315
  31,773
  36,600
  41,787
  47,326
  53,209
  59,427
  65,975
  72,847
  80,040
  87,554
  95,389
  103,548
  112,037
  120,864
  130,038
Variable operating expenses, $m
 
  361
  558
  835
  1,212
  1,710
  2,350
  3,155
  4,142
  5,330
  6,732
  8,360
  10,221
  12,320
  14,658
  17,235
  20,049
  23,095
  26,368
  29,863
  33,575
  37,499
  41,630
  45,966
  50,506
  55,247
  60,190
  65,339
  70,695
  76,265
  82,054
Fixed operating expenses, $m
 
  11
  12
  12
  12
  12
  13
  13
  13
  14
  14
  14
  15
  15
  16
  16
  16
  17
  17
  18
  18
  18
  19
  19
  20
  20
  21
  21
  22
  23
  23
Total operating expenses, $m
  237
  372
  570
  847
  1,224
  1,722
  2,363
  3,168
  4,155
  5,344
  6,746
  8,374
  10,236
  12,335
  14,674
  17,251
  20,065
  23,112
  26,385
  29,881
  33,593
  37,517
  41,649
  45,985
  50,526
  55,267
  60,211
  65,360
  70,717
  76,288
  82,077
Operating income, $m
  121
  200
  315
  477
  696
  987
  1,362
  1,832
  2,409
  3,103
  3,923
  4,874
  5,962
  7,189
  8,556
  10,063
  11,708
  13,489
  15,402
  17,446
  19,616
  21,910
  24,326
  26,861
  29,515
  32,287
  35,178
  38,188
  41,320
  44,576
  47,961
EBITDA, $m
  125
  205
  322
  487
  712
  1,009
  1,392
  1,873
  2,463
  3,173
  4,010
  4,983
  6,095
  7,349
  8,747
  10,287
  11,969
  13,789
  15,745
  17,834
  20,052
  22,397
  24,867
  27,459
  30,171
  33,005
  35,960
  39,037
  42,238
  45,567
  49,027
Interest expense (income), $m
  0
  0
  2
  4
  8
  13
  19
  27
  37
  50
  65
  83
  103
  127
  154
  184
  216
  252
  291
  332
  377
  424
  474
  527
  582
  639
  700
  763
  828
  896
  967
Earnings before tax, $m
  125
  200
  313
  472
  689
  975
  1,343
  1,805
  2,372
  3,053
  3,858
  4,792
  5,859
  7,062
  8,403
  9,880
  11,492
  13,237
  15,112
  17,113
  19,239
  21,486
  23,852
  26,335
  28,933
  31,648
  34,478
  37,425
  40,492
  43,680
  46,994
Tax expense, $m
  17
  54
  85
  128
  186
  263
  363
  487
  640
  824
  1,042
  1,294
  1,582
  1,907
  2,269
  2,667
  3,103
  3,574
  4,080
  4,621
  5,195
  5,801
  6,440
  7,110
  7,812
  8,545
  9,309
  10,105
  10,933
  11,794
  12,688
Net income, $m
  108
  146
  229
  345
  503
  712
  980
  1,317
  1,731
  2,229
  2,816
  3,498
  4,277
  5,155
  6,134
  7,212
  8,389
  9,663
  11,031
  12,493
  14,045
  15,685
  17,412
  19,224
  21,121
  23,103
  25,169
  27,320
  29,559
  31,886
  34,305

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  400
  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
  780
  608
  939
  1,405
  2,039
  2,876
  3,954
  5,307
  6,969
  8,967
  11,326
  14,065
  17,196
  20,726
  24,660
  28,996
  33,730
  38,854
  44,360
  50,240
  56,485
  63,086
  70,037
  77,332
  84,969
  92,945
  101,262
  109,923
  118,935
  128,305
  138,044
Adjusted assets (=assets-cash), $m
  380
  608
  939
  1,405
  2,039
  2,876
  3,954
  5,307
  6,969
  8,967
  11,326
  14,065
  17,196
  20,726
  24,660
  28,996
  33,730
  38,854
  44,360
  50,240
  56,485
  63,086
  70,037
  77,332
  84,969
  92,945
  101,262
  109,923
  118,935
  128,305
  138,044
Revenue / Adjusted assets
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
  0.942
Average production assets, $m
  15
  23
  36
  54
  79
  111
  153
  205
  269
  346
  437
  543
  664
  800
  952
  1,120
  1,303
  1,501
  1,713
  1,940
  2,182
  2,437
  2,705
  2,987
  3,282
  3,590
  3,911
  4,245
  4,594
  4,955
  5,332
Working capital, $m
  457
  91
  141
  210
  305
  431
  592
  795
  1,044
  1,343
  1,696
  2,107
  2,576
  3,104
  3,694
  4,343
  5,052
  5,819
  6,644
  7,525
  8,460
  9,449
  10,490
  11,583
  12,726
  13,921
  15,167
  16,464
  17,814
  19,217
  20,676
Total debt, $m
  0
  49
  121
  221
  358
  539
  772
  1,064
  1,423
  1,855
  2,365
  2,956
  3,632
  4,395
  5,245
  6,181
  7,204
  8,310
  9,500
  10,770
  12,119
  13,545
  15,046
  16,622
  18,271
  19,994
  21,791
  23,661
  25,608
  27,632
  29,736
Total liabilities, $m
  82
  131
  203
  303
  440
  621
  854
  1,146
  1,505
  1,937
  2,447
  3,038
  3,714
  4,477
  5,327
  6,263
  7,286
  8,392
  9,582
  10,852
  12,201
  13,627
  15,128
  16,704
  18,353
  20,076
  21,873
  23,743
  25,690
  27,714
  29,818
Total equity, $m
  698
  477
  737
  1,101
  1,598
  2,255
  3,100
  4,161
  5,464
  7,030
  8,880
  11,027
  13,481
  16,250
  19,334
  22,733
  26,444
  30,461
  34,778
  39,388
  44,284
  49,460
  54,909
  60,629
  66,615
  72,869
  79,389
  86,180
  93,245
  100,591
  108,227
Total liabilities and equity, $m
  780
  608
  940
  1,404
  2,038
  2,876
  3,954
  5,307
  6,969
  8,967
  11,327
  14,065
  17,195
  20,727
  24,661
  28,996
  33,730
  38,853
  44,360
  50,240
  56,485
  63,087
  70,037
  77,333
  84,968
  92,945
  101,262
  109,923
  118,935
  128,305
  138,045
Debt-to-equity ratio
  0.000
  0.100
  0.160
  0.200
  0.220
  0.240
  0.250
  0.260
  0.260
  0.260
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
  0.270
Adjusted equity ratio
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784
  0.784

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  108
  146
  229
  345
  503
  712
  980
  1,317
  1,731
  2,229
  2,816
  3,498
  4,277
  5,155
  6,134
  7,212
  8,389
  9,663
  11,031
  12,493
  14,045
  15,685
  17,412
  19,224
  21,121
  23,103
  25,169
  27,320
  29,559
  31,886
  34,305
Depreciation, amort., depletion, $m
  4
  5
  7
  11
  16
  22
  31
  41
  54
  69
  87
  109
  133
  160
  190
  224
  261
  300
  343
  388
  436
  487
  541
  597
  656
  718
  782
  849
  919
  991
  1,066
Funds from operations, $m
  142
  151
  236
  356
  518
  734
  1,011
  1,358
  1,785
  2,298
  2,904
  3,607
  4,410
  5,316
  6,324
  7,436
  8,649
  9,963
  11,374
  12,881
  14,481
  16,172
  17,953
  19,822
  21,778
  23,821
  25,951
  28,169
  30,478
  32,877
  35,372
Change in working capital, $m
  -20
  34
  50
  70
  95
  125
  161
  203
  249
  299
  353
  410
  469
  529
  589
  649
  709
  767
  825
  881
  935
  989
  1,041
  1,093
  1,144
  1,195
  1,246
  1,297
  1,350
  1,403
  1,459
Cash from operations, $m
  162
  117
  186
  286
  424
  608
  849
  1,156
  1,536
  1,999
  2,551
  3,196
  3,941
  4,787
  5,735
  6,787
  7,941
  9,195
  10,549
  12,000
  13,546
  15,183
  16,912
  18,729
  20,634
  22,626
  24,705
  26,872
  29,128
  31,474
  33,913
Maintenance CAPEX, $m
  0
  -3
  -5
  -7
  -11
  -16
  -22
  -31
  -41
  -54
  -69
  -87
  -109
  -133
  -160
  -190
  -224
  -261
  -300
  -343
  -388
  -436
  -487
  -541
  -597
  -656
  -718
  -782
  -849
  -919
  -991
New CAPEX, $m
  -11
  -9
  -13
  -18
  -24
  -32
  -42
  -52
  -64
  -77
  -91
  -106
  -121
  -136
  -152
  -167
  -183
  -198
  -213
  -227
  -241
  -255
  -268
  -282
  -295
  -308
  -321
  -335
  -348
  -362
  -376
Cash from investing activities, $m
  -44
  -12
  -18
  -25
  -35
  -48
  -64
  -83
  -105
  -131
  -160
  -193
  -230
  -269
  -312
  -357
  -407
  -459
  -513
  -570
  -629
  -691
  -755
  -823
  -892
  -964
  -1,039
  -1,117
  -1,197
  -1,281
  -1,367
Free cash flow, $m
  118
  105
  169
  261
  388
  560
  785
  1,073
  1,431
  1,868
  2,390
  3,003
  3,711
  4,517
  5,423
  6,429
  7,534
  8,737
  10,037
  11,430
  12,916
  14,492
  16,156
  17,906
  19,742
  21,662
  23,666
  25,755
  27,931
  30,193
  32,546
Issuance/(repayment) of debt, $m
  -1
  49
  72
  101
  137
  181
  233
  292
  359
  432
  510
  591
  676
  763
  850
  937
  1,022
  1,107
  1,189
  1,270
  1,349
  1,426
  1,501
  1,576
  1,649
  1,723
  1,796
  1,871
  1,947
  2,024
  2,104
Issuance/(repurchase) of shares, $m
  8
  33
  31
  20
  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  
  8
  82
  103
  121
  137
  181
  233
  292
  359
  432
  510
  591
  676
  763
  850
  937
  1,022
  1,107
  1,189
  1,270
  1,349
  1,426
  1,501
  1,576
  1,649
  1,723
  1,796
  1,871
  1,947
  2,024
  2,104
Total cash flow (excl. dividends), $m
  125
  187
  272
  381
  525
  741
  1,018
  1,365
  1,790
  2,300
  2,900
  3,595
  4,388
  5,280
  6,273
  7,365
  8,556
  9,844
  11,226
  12,700
  14,265
  15,918
  17,657
  19,482
  21,391
  23,384
  25,463
  27,626
  29,877
  32,217
  34,649
Retained Cash Flow (-), $m
  -183
  -179
  -260
  -365
  -497
  -657
  -845
  -1,061
  -1,303
  -1,567
  -1,850
  -2,147
  -2,455
  -2,768
  -3,084
  -3,399
  -3,711
  -4,017
  -4,317
  -4,610
  -4,896
  -5,175
  -5,449
  -5,719
  -5,987
  -6,253
  -6,521
  -6,791
  -7,065
  -7,346
  -7,635
Prev. year cash balance distribution, $m
 
  400
  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
 
  408
  12
  16
  28
  85
  173
  304
  487
  733
  1,050
  1,448
  1,933
  2,512
  3,189
  3,966
  4,845
  5,826
  6,909
  8,090
  9,369
  10,743
  12,208
  13,762
  15,404
  17,131
  18,942
  20,836
  22,812
  24,871
  27,014
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
 
  391
  11
  14
  23
  66
  126
  206
  305
  421
  551
  688
  825
  955
  1,070
  1,164
  1,231
  1,268
  1,272
  1,246
  1,191
  1,111
  1,013
  902
  785
  666
  553
  447
  353
  271
  203
Current shareholders' claim on cash, %
  100
  98.9
  98.3
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0
  98.0

Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components. Its software algorithms and EyeQ chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are able to detect roadway markings; identify and read traffic signs, directional signs and traffic lights; create a Roadbook of localized drivable paths and visual landmarks using its road experience management technology, and provide mapping for autonomous driving.

FINANCIAL RATIOS  of  Mobileye (MBLY)

Valuation Ratios
P/E Ratio 128.7
Price to Sales 38.8
Price to Book 19.9
Price to Tangible Book
Price to Cash Flow 85.8
Price to Free Cash Flow 92
Growth Rates
Sales Growth Rate 48.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 120%
Cap. Spend. - 3 Yr. Gr. Rate 29.7%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 15.9%
Ret/ On Assets - 3 Yr. Avg. 6.5%
Return On Total Capital 17.8%
Ret/ On T. Cap. - 3 Yr. Avg. 7.2%
Return On Equity 17.8%
Return On Equity - 3 Yr. Avg. 7.2%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 75.7%
Gross Margin - 3 Yr. Avg. 74.8%
EBITDA Margin 36%
EBITDA Margin - 3 Yr. Avg. 20%
Operating Margin 33.8%
Oper. Margin - 3 Yr. Avg. 18.8%
Pre-Tax Margin 34.9%
Pre-Tax Margin - 3 Yr. Avg. 18.5%
Net Profit Margin 30.2%
Net Profit Margin - 3 Yr. Avg. 12.5%
Effective Tax Rate 13.6%
Eff/ Tax Rate - 3 Yr. Avg. -12.7%
Payout Ratio 0%

MBLY stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MBLY stock intrinsic value calculation we used $358 million for the last fiscal year's total revenue generated by Mobileye. The default revenue input number comes from 2016 income statement of Mobileye. 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 MBLY stock valuation model: a) initial revenue growth rate of 60% 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 MBLY is calculated based on our internal credit rating of Mobileye, 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 Mobileye.
    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 MBLY stock the variable cost ratio is equal to 63.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $11 million in the base year in the intrinsic value calculation for MBLY 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 Mobileye.

Corporate tax rate of 27% is the nominal tax rate for Mobileye. 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 MBLY 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 MBLY are equal to 4.1%.

Life of production assets of 3.6 years is the average useful life of capital assets used in Mobileye 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 MBLY is equal to 15.9%. 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 - $698 million for Mobileye - 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 223.241 million for Mobileye 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 Mobileye at the current share price and the inputted number of shares is $14.0 billion.

RELATED COMPANIES Price Int.Val. Rating
ALV Autoliv 125.34 130.11  buy
DLPH Delphi Automot 97.73 75.71  hold
GNTX Gentex 20.46 21.21  hold
MGA Magna Internat 55.05 87.90  str.buy
TTM Tata Motors AD 32.86 79.99  str.buy
MAGS Magal Security 4.48 4.69  hold
Financial statements of MBLY
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.