Intrinsic value of MRC Global - MRC

Previous Close

$16.24

  Intrinsic Value

$42.15

stock screener

  Rating & Target

str. buy

+160%

Previous close

$16.24

 
Intrinsic value

$42.15

 
Up/down potential

+160%

 
Rating

str. buy

We calculate the intrinsic value of MRC 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 0001), $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 1.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.40
  16.16
  15.04
  14.04
  13.14
  12.32
  11.59
  10.93
  10.34
  9.80
  9.32
  8.89
  8.50
  8.15
  7.84
  7.55
  7.30
  7.07
  6.86
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
  5.58
Revenue, $m
  4,280
  4,972
  5,720
  6,523
  7,380
  8,289
  9,250
  10,261
  11,322
  12,432
  13,591
  14,800
  16,058
  17,367
  18,728
  20,143
  21,612
  23,140
  24,728
  26,378
  28,095
  29,881
  31,740
  33,676
  35,692
  37,795
  39,987
  42,275
  44,663
  47,157
Variable operating expenses, $m
  3,542
  4,101
  4,705
  5,353
  6,045
  6,780
  7,556
  8,372
  9,229
  10,125
  10,976
  11,952
  12,968
  14,025
  15,124
  16,267
  17,454
  18,687
  19,970
  21,303
  22,689
  24,131
  25,632
  27,196
  28,824
  30,522
  32,293
  34,140
  36,069
  38,083
Fixed operating expenses, $m
  595
  608
  621
  635
  649
  663
  678
  693
  708
  723
  739
  756
  772
  789
  807
  824
  843
  861
  880
  899
  919
  939
  960
  981
  1,003
  1,025
  1,047
  1,070
  1,094
  1,118
Total operating expenses, $m
  4,137
  4,709
  5,326
  5,988
  6,694
  7,443
  8,234
  9,065
  9,937
  10,848
  11,715
  12,708
  13,740
  14,814
  15,931
  17,091
  18,297
  19,548
  20,850
  22,202
  23,608
  25,070
  26,592
  28,177
  29,827
  31,547
  33,340
  35,210
  37,163
  39,201
Operating income, $m
  143
  263
  394
  535
  686
  847
  1,017
  1,196
  1,385
  1,583
  1,876
  2,092
  2,318
  2,553
  2,797
  3,051
  3,316
  3,592
  3,878
  4,176
  4,487
  4,810
  5,147
  5,499
  5,865
  6,248
  6,647
  7,064
  7,500
  7,956
EBITDA, $m
  274
  401
  539
  689
  848
  1,019
  1,199
  1,389
  1,589
  1,799
  2,018
  2,247
  2,486
  2,734
  2,993
  3,262
  3,542
  3,834
  4,137
  4,452
  4,781
  5,123
  5,480
  5,851
  6,239
  6,643
  7,066
  7,507
  7,968
  8,450
Interest expense (income), $m
  30
  35
  53
  73
  94
  117
  142
  168
  195
  224
  255
  286
  320
  354
  390
  428
  467
  507
  549
  593
  638
  686
  735
  786
  839
  895
  952
  1,013
  1,075
  1,141
  1,209
Earnings before tax, $m
  109
  211
  321
  441
  569
  705
  849
  1,001
  1,161
  1,329
  1,589
  1,773
  1,963
  2,162
  2,369
  2,585
  2,809
  3,042
  3,285
  3,538
  3,801
  4,075
  4,361
  4,659
  4,971
  5,295
  5,634
  5,989
  6,359
  6,747
Tax expense, $m
  29
  57
  87
  119
  154
  190
  229
  270
  313
  359
  429
  479
  530
  584
  640
  698
  758
  821
  887
  955
  1,026
  1,100
  1,178
  1,258
  1,342
  1,430
  1,521
  1,617
  1,717
  1,822
Net income, $m
  79
  154
  235
  322
  415
  514
  620
  731
  848
  970
  1,160
  1,294
  1,433
  1,578
  1,730
  1,887
  2,051
  2,221
  2,398
  2,583
  2,775
  2,975
  3,184
  3,401
  3,629
  3,866
  4,113
  4,372
  4,642
  4,925

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
  2,747
  3,191
  3,671
  4,187
  4,737
  5,321
  5,937
  6,586
  7,267
  7,980
  8,724
  9,499
  10,307
  11,147
  12,021
  12,928
  13,872
  14,852
  15,871
  16,931
  18,033
  19,179
  20,372
  21,615
  22,909
  24,259
  25,666
  27,134
  28,667
  30,268
Adjusted assets (=assets-cash), $m
  2,747
  3,191
  3,671
  4,187
  4,737
  5,321
  5,937
  6,586
  7,267
  7,980
  8,724
  9,499
  10,307
  11,147
  12,021
  12,928
  13,872
  14,852
  15,871
  16,931
  18,033
  19,179
  20,372
  21,615
  22,909
  24,259
  25,666
  27,134
  28,667
  30,268
Revenue / Adjusted assets
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
  1.558
Average production assets, $m
  676
  786
  904
  1,031
  1,166
  1,310
  1,462
  1,621
  1,789
  1,964
  2,147
  2,338
  2,537
  2,744
  2,959
  3,183
  3,415
  3,656
  3,907
  4,168
  4,439
  4,721
  5,015
  5,321
  5,639
  5,972
  6,318
  6,679
  7,057
  7,451
Working capital, $m
  835
  970
  1,115
  1,272
  1,439
  1,616
  1,804
  2,001
  2,208
  2,424
  2,650
  2,886
  3,131
  3,387
  3,652
  3,928
  4,214
  4,512
  4,822
  5,144
  5,479
  5,827
  6,189
  6,567
  6,960
  7,370
  7,798
  8,244
  8,709
  9,196
Total debt, $m
  802
  1,102
  1,427
  1,775
  2,147
  2,542
  2,959
  3,397
  3,858
  4,339
  4,842
  5,366
  5,912
  6,480
  7,071
  7,685
  8,322
  8,985
  9,674
  10,390
  11,135
  11,910
  12,717
  13,556
  14,432
  15,344
  16,295
  17,288
  18,324
  19,406
Total liabilities, $m
  1,857
  2,157
  2,482
  2,830
  3,202
  3,597
  4,014
  4,452
  4,913
  5,394
  5,897
  6,421
  6,967
  7,535
  8,126
  8,740
  9,377
  10,040
  10,729
  11,445
  12,190
  12,965
  13,772
  14,611
  15,487
  16,399
  17,350
  18,343
  19,379
  20,461
Total equity, $m
  890
  1,034
  1,190
  1,357
  1,535
  1,724
  1,924
  2,134
  2,355
  2,585
  2,826
  3,078
  3,339
  3,612
  3,895
  4,189
  4,495
  4,812
  5,142
  5,486
  5,843
  6,214
  6,601
  7,003
  7,423
  7,860
  8,316
  8,791
  9,288
  9,807
Total liabilities and equity, $m
  2,747
  3,191
  3,672
  4,187
  4,737
  5,321
  5,938
  6,586
  7,268
  7,979
  8,723
  9,499
  10,306
  11,147
  12,021
  12,929
  13,872
  14,852
  15,871
  16,931
  18,033
  19,179
  20,373
  21,614
  22,910
  24,259
  25,666
  27,134
  28,667
  30,268
Debt-to-equity ratio
  0.900
  1.070
  1.200
  1.310
  1.400
  1.470
  1.540
  1.590
  1.640
  1.680
  1.710
  1.740
  1.770
  1.790
  1.820
  1.830
  1.850
  1.870
  1.880
  1.890
  1.910
  1.920
  1.930
  1.940
  1.940
  1.950
  1.960
  1.970
  1.970
  1.980
Adjusted equity ratio
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324
  0.324

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  79
  154
  235
  322
  415
  514
  620
  731
  848
  970
  1,160
  1,294
  1,433
  1,578
  1,730
  1,887
  2,051
  2,221
  2,398
  2,583
  2,775
  2,975
  3,184
  3,401
  3,629
  3,866
  4,113
  4,372
  4,642
  4,925
Depreciation, amort., depletion, $m
  130
  137
  145
  154
  163
  172
  182
  193
  204
  215
  142
  155
  168
  182
  196
  211
  226
  242
  259
  276
  294
  313
  332
  352
  373
  395
  418
  442
  467
  493
Funds from operations, $m
  210
  291
  380
  475
  578
  687
  802
  924
  1,051
  1,185
  1,303
  1,449
  1,601
  1,760
  1,926
  2,098
  2,277
  2,463
  2,657
  2,859
  3,069
  3,288
  3,516
  3,754
  4,002
  4,261
  4,532
  4,814
  5,110
  5,419
Change in working capital, $m
  124
  135
  146
  157
  167
  177
  187
  197
  207
  216
  226
  236
  245
  255
  265
  276
  287
  298
  310
  322
  335
  348
  362
  377
  393
  410
  428
  446
  466
  486
Cash from operations, $m
  86
  156
  234
  319
  411
  509
  615
  726
  845
  969
  1,077
  1,213
  1,356
  1,505
  1,660
  1,822
  1,990
  2,165
  2,347
  2,537
  2,734
  2,939
  3,153
  3,376
  3,609
  3,851
  4,104
  4,368
  4,644
  4,932
Maintenance CAPEX, $m
  -38
  -45
  -52
  -60
  -68
  -77
  -87
  -97
  -107
  -118
  -130
  -142
  -155
  -168
  -182
  -196
  -211
  -226
  -242
  -259
  -276
  -294
  -313
  -332
  -352
  -373
  -395
  -418
  -442
  -467
New CAPEX, $m
  -99
  -109
  -118
  -127
  -135
  -144
  -152
  -160
  -168
  -175
  -183
  -191
  -199
  -207
  -215
  -223
  -232
  -241
  -251
  -261
  -271
  -282
  -294
  -306
  -319
  -332
  -346
  -361
  -377
  -394
Cash from investing activities, $m
  -137
  -154
  -170
  -187
  -203
  -221
  -239
  -257
  -275
  -293
  -313
  -333
  -354
  -375
  -397
  -419
  -443
  -467
  -493
  -520
  -547
  -576
  -607
  -638
  -671
  -705
  -741
  -779
  -819
  -861
Free cash flow, $m
  -51
  2
  64
  132
  207
  288
  376
  470
  570
  675
  763
  880
  1,002
  1,130
  1,263
  1,402
  1,547
  1,698
  1,854
  2,017
  2,187
  2,363
  2,547
  2,738
  2,938
  3,145
  3,362
  3,588
  3,824
  4,071
Issuance/(repayment) of debt, $m
  276
  300
  325
  348
  372
  395
  417
  439
  460
  482
  503
  524
  546
  568
  591
  614
  638
  663
  689
  716
  745
  775
  807
  840
  875
  912
  951
  993
  1,036
  1,082
Issuance/(repurchase) of shares, $m
  52
  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  
  328
  300
  325
  348
  372
  395
  417
  439
  460
  482
  503
  524
  546
  568
  591
  614
  638
  663
  689
  716
  745
  775
  807
  840
  875
  912
  951
  993
  1,036
  1,082
Total cash flow (excl. dividends), $m
  277
  302
  388
  480
  579
  683
  793
  909
  1,030
  1,157
  1,266
  1,404
  1,548
  1,698
  1,854
  2,016
  2,185
  2,360
  2,543
  2,733
  2,932
  3,138
  3,354
  3,578
  3,813
  4,058
  4,313
  4,581
  4,860
  5,153
Retained Cash Flow (-), $m
  -131
  -144
  -156
  -167
  -178
  -189
  -200
  -210
  -221
  -231
  -241
  -251
  -262
  -272
  -283
  -294
  -306
  -318
  -330
  -343
  -357
  -371
  -387
  -403
  -419
  -437
  -456
  -476
  -497
  -519
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
  146
  158
  233
  313
  401
  494
  593
  698
  809
  926
  1,025
  1,153
  1,287
  1,426
  1,571
  1,722
  1,879
  2,043
  2,213
  2,390
  2,575
  2,767
  2,967
  3,176
  3,393
  3,620
  3,857
  4,105
  4,364
  4,634
Discount rate, %
  8.30
  8.72
  9.15
  9.61
  10.09
  10.59
  11.12
  11.68
  12.26
  12.88
  13.52
  14.20
  14.91
  15.65
  16.43
  17.26
  18.12
  19.02
  19.97
  20.97
  22.02
  23.12
  24.28
  25.49
  26.77
  28.11
  29.51
  30.99
  32.54
  34.16
PV of cash for distribution, $m
  135
  134
  179
  217
  248
  270
  283
  289
  286
  276
  254
  234
  211
  186
  160
  135
  111
  89
  70
  53
  39
  28
  20
  14
  9
  6
  4
  2
  1
  1
Current shareholders' claim on cash, %
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6

MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company's segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region. It provides services, such as product testing, manufacturer assessments, daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces customized to customer and supplier specifications for tracking and replenishing inventory, engineering of control packages, and valve inspection and repair. The Company's principal product types include valves, automation, measurement and instrumentation; carbon steel fittings and flanges; stainless steel and alloy fittings, flanges and pipe; gas products; line pipe, and other.

FINANCIAL RATIOS  of  MRC Global (MRC)

Valuation Ratios
P/E Ratio -18.6
Price to Sales 0.5
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 6.1
Price to Free Cash Flow 7
Growth Rates
Sales Growth Rate -32.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -15.4%
Cap. Spend. - 3 Yr. Gr. Rate 8.4%
Financial Strength
Quick Ratio 14
Current Ratio 0.1
LT Debt to Equity 36.3%
Total Debt to Equity 37%
Interest Coverage -2
Management Effectiveness
Return On Assets -2.4%
Ret/ On Assets - 3 Yr. Avg. -2.2%
Return On Total Capital -4.9%
Ret/ On T. Cap. - 3 Yr. Avg. -4.5%
Return On Equity -6.8%
Return On Equity - 3 Yr. Avg. -6.9%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 15.4%
Gross Margin - 3 Yr. Avg. 16.6%
EBITDA Margin 0.3%
EBITDA Margin - 3 Yr. Avg. 0.6%
Operating Margin -1.9%
Oper. Margin - 3 Yr. Avg. -1%
Pre-Tax Margin -3%
Pre-Tax Margin - 3 Yr. Avg. -2.2%
Net Profit Margin -2.7%
Net Profit Margin - 3 Yr. Avg. -2.5%
Effective Tax Rate 8.8%
Eff/ Tax Rate - 3 Yr. Avg. 16%
Payout Ratio -28.9%

MRC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MRC stock intrinsic value calculation we used $3646 million for the last fiscal year's total revenue generated by MRC Global. The default revenue input number comes from 0001 income statement of MRC Global. 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 MRC stock valuation model: a) initial revenue growth rate of 17.4% 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 8.3%, whose default value for MRC is calculated based on our internal credit rating of MRC Global, 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 MRC Global.
    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 MRC stock the variable cost ratio is equal to 83.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $582 million in the base year in the intrinsic value calculation for MRC 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 6.6% for MRC Global.

Corporate tax rate of 27% is the nominal tax rate for MRC Global. 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 MRC 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 MRC are equal to 15.8%.

Life of production assets of 15.1 years is the average useful life of capital assets used in MRC Global 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 MRC is equal to 19.5%. 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 - $759 million for MRC Global - 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 90.402 million for MRC Global 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 MRC Global at the current share price and the inputted number of shares is $1.5 billion.

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COMPANY NEWS

▶ MRC: 3Q Earnings Snapshot   [06:12PM  Associated Press]
▶ Sex and blackmail alleged in lawsuit over sale of pipe coating manufacturer   [Oct-25-18 06:23PM  American City Business Journals]
▶ Calculating The Fair Value Of MRC Global Inc (NYSE:MRC)   [Sep-24-18 01:41PM  Simply Wall St.]
▶ MRC Global (MRC) Misses Q2 Earnings Estimates   [Aug-01-18 08:10PM  Zacks]
▶ MRC: 2Q Earnings Snapshot   [07:03PM  Associated Press]
▶ 10 Small-Caps Leading the Market Rebound   [Jul-10-18 09:19AM  InvestorPlace]
▶ MRC Global Reprices Term Loan B   [May-22-18 04:15PM  PR Newswire]
▶ MRC Global Inc (NYSE:MRC): Time For A Financial Health Check   [May-11-18 01:23PM  Simply Wall St.]
▶ MRC Global Inc. Recovery Starts Gaining Steam   [May-03-18 11:00AM  Motley Fool]
▶ MRC: 1Q Earnings Snapshot   [May-02-18 06:01PM  Associated Press]
▶ Does Mercator Medical SA.s (WSE:MRC) PE Ratio Warrant A Buy?   [Mar-22-18 06:28AM  Simply Wall St.]
▶ Have Investors Priced In MRC Global Incs (NYSE:MRC) Growth?   [Mar-15-18 02:30PM  Simply Wall St.]
▶ Are Mercator Medical SA.s (WSE:MRC) Interest Costs Too High?   [Mar-13-18 09:54AM  Simply Wall St.]
▶ MRC Global Inc. to Host Earnings Call   [07:40AM  ACCESSWIRE]
▶ MRC misses Street 4Q forecasts   [Feb-15-18 04:53PM  Associated Press]
▶ MRC Global Inc (MRC): Time For A Financial Health Check   [Dec-11-17 08:38AM  Simply Wall St.]
▶ Is It Time To Buy MRC Global Inc (MRC)?   [Nov-09-17 04:55PM  Simply Wall St.]
▶ ETFs with exposure to MRC Global, Inc. : November 7, 2017   [Nov-07-17 10:31AM  Capital Cube]
▶ MRC Global Inc. to Host Earnings Call   [08:15AM  ACCESSWIRE]
▶ MRC misses Street 3Q forecasts   [Nov-02-17 04:54PM  Associated Press]

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