Intrinsic value of Mohawk Industries - MHK

Previous Close

$275.34

  Intrinsic Value

$281.43

stock screener

  Rating & Target

hold

+2%

Previous close

$275.34

 
Intrinsic value

$281.43

 
Up/down potential

+2%

 
Rating

hold

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

We calculate the intrinsic value of MHK 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 20.5

 

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, %
  10.99
  6.20
  6.08
  5.97
  5.87
  5.79
  5.71
  5.64
  5.57
  5.52
  5.46
  5.42
  5.38
  5.34
  5.31
  5.27
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.06
  5.06
Revenue, $m
  8,959
  9,514
  10,093
  10,696
  11,324
  11,979
  12,663
  13,377
  14,123
  14,902
  15,716
  16,568
  17,459
  18,391
  19,366
  20,388
  21,458
  22,578
  23,752
  24,983
  26,272
  27,624
  29,042
  30,528
  32,087
  33,722
  35,437
  37,237
  39,124
  41,105
  43,184
Variable operating expenses, $m
 
  4,762
  5,038
  5,325
  5,625
  5,937
  6,263
  6,603
  6,959
  7,330
  7,718
  7,897
  8,321
  8,765
  9,230
  9,717
  10,227
  10,761
  11,321
  11,907
  12,522
  13,166
  13,842
  14,550
  15,293
  16,073
  16,890
  17,748
  18,647
  19,591
  20,582
Fixed operating expenses, $m
 
  3,346
  3,429
  3,515
  3,603
  3,693
  3,785
  3,880
  3,977
  4,076
  4,178
  4,283
  4,390
  4,499
  4,612
  4,727
  4,845
  4,967
  5,091
  5,218
  5,348
  5,482
  5,619
  5,760
  5,904
  6,051
  6,203
  6,358
  6,517
  6,679
  6,846
Total operating expenses, $m
  7,679
  8,108
  8,467
  8,840
  9,228
  9,630
  10,048
  10,483
  10,936
  11,406
  11,896
  12,180
  12,711
  13,264
  13,842
  14,444
  15,072
  15,728
  16,412
  17,125
  17,870
  18,648
  19,461
  20,310
  21,197
  22,124
  23,093
  24,106
  25,164
  26,270
  27,428
Operating income, $m
  1,280
  1,407
  1,626
  1,856
  2,097
  2,349
  2,615
  2,894
  3,187
  3,496
  3,820
  4,389
  4,748
  5,126
  5,524
  5,943
  6,385
  6,850
  7,341
  7,858
  8,402
  8,976
  9,581
  10,218
  10,890
  11,598
  12,345
  13,131
  13,960
  14,834
  15,755
EBITDA, $m
  1,689
  1,915
  2,151
  2,398
  2,658
  2,930
  3,216
  3,516
  3,831
  4,163
  4,511
  4,877
  5,263
  5,668
  6,095
  6,545
  7,018
  7,516
  8,041
  8,594
  9,177
  9,791
  10,437
  11,119
  11,836
  12,593
  13,390
  14,229
  15,114
  16,046
  17,029
Interest expense (income), $m
  57
  84
  93
  103
  113
  124
  135
  147
  159
  171
  185
  198
  213
  228
  244
  260
  277
  296
  315
  334
  355
  377
  400
  424
  449
  476
  503
  533
  563
  595
  629
Earnings before tax, $m
  1,241
  1,323
  1,533
  1,753
  1,983
  2,226
  2,480
  2,748
  3,029
  3,324
  3,636
  4,190
  4,535
  4,898
  5,280
  5,683
  6,108
  6,555
  7,026
  7,523
  8,047
  8,599
  9,181
  9,794
  10,441
  11,123
  11,841
  12,599
  13,397
  14,239
  15,127
Tax expense, $m
  307
  357
  414
  473
  536
  601
  670
  742
  818
  898
  982
  1,131
  1,224
  1,322
  1,426
  1,534
  1,649
  1,770
  1,897
  2,031
  2,173
  2,322
  2,479
  2,644
  2,819
  3,003
  3,197
  3,402
  3,617
  3,845
  4,084
Net income, $m
  930
  966
  1,119
  1,279
  1,448
  1,625
  1,810
  2,006
  2,211
  2,427
  2,654
  3,059
  3,311
  3,576
  3,855
  4,149
  4,459
  4,785
  5,129
  5,492
  5,874
  6,277
  6,702
  7,150
  7,622
  8,119
  8,644
  9,197
  9,780
  10,395
  11,042

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  122
  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
  10,231
  10,739
  11,392
  12,072
  12,781
  13,521
  14,293
  15,098
  15,940
  16,819
  17,738
  18,700
  19,705
  20,757
  21,858
  23,011
  24,219
  25,483
  26,808
  28,197
  29,653
  31,179
  32,779
  34,456
  36,216
  38,061
  39,997
  42,028
  44,158
  46,394
  48,740
Adjusted assets (=assets-cash), $m
  10,109
  10,739
  11,392
  12,072
  12,781
  13,521
  14,293
  15,098
  15,940
  16,819
  17,738
  18,700
  19,705
  20,757
  21,858
  23,011
  24,219
  25,483
  26,808
  28,197
  29,653
  31,179
  32,779
  34,456
  36,216
  38,061
  39,997
  42,028
  44,158
  46,394
  48,740
Revenue / Adjusted assets
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
  0.886
Average production assets, $m
  4,145
  4,405
  4,673
  4,952
  5,243
  5,546
  5,863
  6,194
  6,539
  6,900
  7,277
  7,671
  8,083
  8,515
  8,967
  9,440
  9,935
  10,454
  10,997
  11,567
  12,164
  12,790
  13,446
  14,135
  14,856
  15,613
  16,407
  17,241
  18,115
  19,032
  19,994
Working capital, $m
  754
  2,141
  2,271
  2,407
  2,548
  2,695
  2,849
  3,010
  3,178
  3,353
  3,536
  3,728
  3,928
  4,138
  4,357
  4,587
  4,828
  5,080
  5,344
  5,621
  5,911
  6,215
  6,534
  6,869
  7,220
  7,587
  7,973
  8,378
  8,803
  9,249
  9,716
Total debt, $m
  2,511
  2,663
  2,943
  3,235
  3,539
  3,856
  4,188
  4,533
  4,894
  5,271
  5,666
  6,078
  6,509
  6,961
  7,433
  7,928
  8,446
  8,988
  9,557
  10,153
  10,777
  11,432
  12,118
  12,838
  13,593
  14,384
  15,215
  16,086
  17,000
  17,959
  18,965
Total liabilities, $m
  4,454
  4,607
  4,887
  5,179
  5,483
  5,800
  6,132
  6,477
  6,838
  7,215
  7,610
  8,022
  8,453
  8,905
  9,377
  9,872
  10,390
  10,932
  11,501
  12,097
  12,721
  13,376
  14,062
  14,782
  15,537
  16,328
  17,159
  18,030
  18,944
  19,903
  20,909
Total equity, $m
  5,776
  6,132
  6,505
  6,893
  7,298
  7,720
  8,161
  8,621
  9,102
  9,604
  10,129
  10,677
  11,252
  11,852
  12,481
  13,139
  13,829
  14,551
  15,308
  16,101
  16,932
  17,803
  18,717
  19,674
  20,679
  21,733
  22,838
  23,998
  25,214
  26,491
  27,831
Total liabilities and equity, $m
  10,230
  10,739
  11,392
  12,072
  12,781
  13,520
  14,293
  15,098
  15,940
  16,819
  17,739
  18,699
  19,705
  20,757
  21,858
  23,011
  24,219
  25,483
  26,809
  28,198
  29,653
  31,179
  32,779
  34,456
  36,216
  38,061
  39,997
  42,028
  44,158
  46,394
  48,740
Debt-to-equity ratio
  0.435
  0.430
  0.450
  0.470
  0.480
  0.500
  0.510
  0.530
  0.540
  0.550
  0.560
  0.570
  0.580
  0.590
  0.600
  0.600
  0.610
  0.620
  0.620
  0.630
  0.640
  0.640
  0.650
  0.650
  0.660
  0.660
  0.670
  0.670
  0.670
  0.680
  0.680
Adjusted equity ratio
  0.559
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571
  0.571

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  930
  966
  1,119
  1,279
  1,448
  1,625
  1,810
  2,006
  2,211
  2,427
  2,654
  3,059
  3,311
  3,576
  3,855
  4,149
  4,459
  4,785
  5,129
  5,492
  5,874
  6,277
  6,702
  7,150
  7,622
  8,119
  8,644
  9,197
  9,780
  10,395
  11,042
Depreciation, amort., depletion, $m
  409
  508
  525
  543
  561
  581
  601
  622
  644
  667
  691
  489
  515
  542
  571
  601
  633
  666
  700
  737
  775
  815
  856
  900
  946
  994
  1,045
  1,098
  1,154
  1,212
  1,274
Funds from operations, $m
  1,221
  1,474
  1,644
  1,822
  2,009
  2,205
  2,411
  2,628
  2,855
  3,094
  3,345
  3,548
  3,825
  4,118
  4,426
  4,750
  5,091
  5,451
  5,830
  6,229
  6,649
  7,092
  7,558
  8,050
  8,568
  9,114
  9,689
  10,295
  10,934
  11,607
  12,316
Change in working capital, $m
  -107
  125
  130
  136
  141
  147
  154
  161
  168
  175
  183
  192
  200
  210
  220
  230
  241
  252
  264
  277
  290
  304
  319
  334
  351
  368
  386
  405
  425
  446
  468
Cash from operations, $m
  1,328
  1,349
  1,514
  1,687
  1,868
  2,058
  2,257
  2,467
  2,687
  2,918
  3,162
  3,356
  3,625
  3,908
  4,206
  4,520
  4,851
  5,199
  5,565
  5,952
  6,359
  6,788
  7,239
  7,716
  8,217
  8,746
  9,303
  9,890
  10,509
  11,161
  11,848
Maintenance CAPEX, $m
  0
  -264
  -281
  -298
  -315
  -334
  -353
  -373
  -394
  -416
  -439
  -463
  -489
  -515
  -542
  -571
  -601
  -633
  -666
  -700
  -737
  -775
  -815
  -856
  -900
  -946
  -994
  -1,045
  -1,098
  -1,154
  -1,212
New CAPEX, $m
  -672
  -260
  -268
  -279
  -291
  -303
  -317
  -331
  -345
  -361
  -377
  -394
  -412
  -432
  -452
  -473
  -495
  -519
  -544
  -570
  -597
  -626
  -656
  -688
  -722
  -757
  -794
  -833
  -874
  -917
  -962
Cash from investing activities, $m
  -672
  -524
  -549
  -577
  -606
  -637
  -670
  -704
  -739
  -777
  -816
  -857
  -901
  -947
  -994
  -1,044
  -1,096
  -1,152
  -1,210
  -1,270
  -1,334
  -1,401
  -1,471
  -1,544
  -1,622
  -1,703
  -1,788
  -1,878
  -1,972
  -2,071
  -2,174
Free cash flow, $m
  656
  825
  965
  1,110
  1,261
  1,421
  1,588
  1,763
  1,947
  2,141
  2,345
  2,498
  2,724
  2,962
  3,212
  3,476
  3,754
  4,047
  4,356
  4,682
  5,025
  5,387
  5,768
  6,171
  6,595
  7,043
  7,515
  8,012
  8,537
  9,090
  9,674
Issuance/(repayment) of debt, $m
  -630
  274
  280
  292
  304
  317
  331
  346
  361
  377
  394
  412
  431
  451
  472
  495
  518
  543
  568
  596
  624
  655
  686
  720
  755
  792
  830
  871
  914
  959
  1,006
Issuance/(repurchase) of shares, $m
  9
  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  
  -624
  274
  280
  292
  304
  317
  331
  346
  361
  377
  394
  412
  431
  451
  472
  495
  518
  543
  568
  596
  624
  655
  686
  720
  755
  792
  830
  871
  914
  959
  1,006
Total cash flow (excl. dividends), $m
  40
  1,099
  1,245
  1,402
  1,566
  1,738
  1,919
  2,109
  2,308
  2,518
  2,739
  2,911
  3,155
  3,413
  3,685
  3,971
  4,272
  4,590
  4,924
  5,277
  5,649
  6,041
  6,455
  6,891
  7,350
  7,834
  8,345
  8,884
  9,451
  10,049
  10,680
Retained Cash Flow (-), $m
  -922
  -356
  -373
  -388
  -405
  -422
  -441
  -460
  -481
  -502
  -525
  -549
  -574
  -601
  -629
  -658
  -689
  -722
  -757
  -793
  -831
  -871
  -914
  -958
  -1,005
  -1,054
  -1,105
  -1,160
  -1,217
  -1,277
  -1,340
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
 
  743
  873
  1,013
  1,161
  1,316
  1,478
  1,649
  1,828
  2,016
  2,215
  2,362
  2,581
  2,812
  3,056
  3,312
  3,583
  3,868
  4,168
  4,484
  4,818
  5,170
  5,541
  5,933
  6,345
  6,781
  7,240
  7,724
  8,234
  8,773
  9,341
Discount rate, %
 
  4.50
  4.73
  4.96
  5.21
  5.47
  5.74
  6.03
  6.33
  6.65
  6.98
  7.33
  7.70
  8.08
  8.49
  8.91
  9.36
  9.82
  10.31
  10.83
  11.37
  11.94
  12.54
  13.16
  13.82
  14.51
  15.24
  16.00
  16.80
  17.64
  18.52
PV of cash for distribution, $m
 
  711
  796
  876
  947
  1,008
  1,057
  1,094
  1,118
  1,130
  1,128
  1,085
  1,060
  1,024
  977
  921
  857
  786
  712
  636
  559
  484
  412
  345
  284
  229
  181
  140
  106
  79
  57
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

Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company' segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring. The Global Ceramic segment designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products used in the residential and commercial markets for both remodeling and new construction. The Flooring NA segment designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl. The Flooring ROW segment designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard (MDF), chipboards, and vinyl flooring products.

FINANCIAL RATIOS  of  Mohawk Industries (MHK)

Valuation Ratios
P/E Ratio 22
Price to Sales 2.3
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 15.4
Price to Free Cash Flow 31.1
Growth Rates
Sales Growth Rate 11%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 33.3%
Cap. Spend. - 3 Yr. Gr. Rate 12.9%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 19.5%
Total Debt to Equity 43.5%
Interest Coverage 23
Management Effectiveness
Return On Assets 9.6%
Ret/ On Assets - 3 Yr. Avg. 8.1%
Return On Total Capital 11.4%
Ret/ On T. Cap. - 3 Yr. Avg. 9.2%
Return On Equity 17.5%
Return On Equity - 3 Yr. Avg. 14.2%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 31.8%
Gross Margin - 3 Yr. Avg. 30.1%
EBITDA Margin 19.1%
EBITDA Margin - 3 Yr. Avg. 16%
Operating Margin 14.3%
Oper. Margin - 3 Yr. Avg. 11.5%
Pre-Tax Margin 13.9%
Pre-Tax Margin - 3 Yr. Avg. 10.5%
Net Profit Margin 10.4%
Net Profit Margin - 3 Yr. Avg. 8.3%
Effective Tax Rate 24.7%
Eff/ Tax Rate - 3 Yr. Avg. 20.7%
Payout Ratio 0%

MHK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MHK stock intrinsic value calculation we used $8959 million for the last fiscal year's total revenue generated by Mohawk Industries. The default revenue input number comes from 2016 income statement of Mohawk Industries. 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 MHK stock valuation model: a) initial revenue growth rate of 6.2% 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 4.5%, whose default value for MHK is calculated based on our internal credit rating of Mohawk Industries, 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 Mohawk Industries.
    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 MHK stock the variable cost ratio is equal to 50.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $3264 million in the base year in the intrinsic value calculation for MHK 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 Mohawk Industries.

Corporate tax rate of 27% is the nominal tax rate for Mohawk Industries. 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 MHK 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 MHK are equal to 46.3%.

Life of production assets of 15.7 years is the average useful life of capital assets used in Mohawk Industries 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 MHK is equal to 22.5%. 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 - $5776 million for Mohawk Industries - 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 74.323 million for Mohawk Industries 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 Mohawk Industries at the current share price and the inputted number of shares is $20.5 billion.

RELATED COMPANIES Price Int.Val. Rating
TILE Interface 24.20 20.65  hold
DXYN Dixie Group 4.00 1.30  str.sell
AFI Armstrong Floo 16.51 5.76  str.sell
JHX James Hardie I 16.63 3.13  str.sell
AWI Armstrong Worl 59.60 18.57  str.sell
NX Quanex Buildin 22.30 5.97  str.sell

COMPANY NEWS

▶ Mohawk Industries, Inc. to Host Earnings Call   [Oct-27-17 08:50AM  ACCESSWIRE]
▶ Mohawk Industries tops 3Q profit forecasts   [Oct-26-17 04:16PM  Associated Press]
▶ Mohawk Industries Reports Q3 Results   [04:05PM  CNW Group]
▶ How Credit Suisse Views Mohawk Industries   [09:11AM  Market Realist]
▶ Stocks With Rising Relative Strength: Mohawk Industries   [Sep-29-17 03:00AM  Investor's Business Daily]
▶ Mohawk Industries beats 2Q profit forecasts   [Jul-27-17 11:46PM  Associated Press]
▶ [$$] Mohawk's Momentum Is Growing   [May-06-17 12:01AM  Barrons.com]
▶ Leading Home Durables Cos. Report Q1 Results   [Apr-28-17 03:15PM  Investopedia]
▶ Mohawk Industries Reports Record Q1 Results   [Apr-27-17 05:13PM  PR Newswire]
▶ Mohawk Industries beats 1Q profit forecasts   [04:34PM  Associated Press]
▶ Mohawk Industries beats Street 4Q forecasts   [04:43PM  Associated Press]
Financial statements of MHK
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.