Intrinsic value of Snap-On - SNA

Previous Close

$173.29

  Intrinsic Value

$181.44

stock screener

  Rating & Target

hold

+5%

Previous close

$173.29

 
Intrinsic value

$181.44

 
Up/down potential

+5%

 
Rating

hold

We calculate the intrinsic value of SNA 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 9.9

 

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, %
  7.80
  7.52
  7.27
  7.04
  6.84
  6.65
  6.49
  6.34
  6.21
  6.08
  5.98
  5.88
  5.79
  5.71
  5.64
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.28
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
  5.13
Revenue, $m
  4,312
  4,636
  4,973
  5,323
  5,687
  6,066
  6,459
  6,869
  7,295
  7,739
  8,201
  8,684
  9,186
  9,711
  10,259
  10,831
  11,429
  12,053
  12,707
  13,390
  14,105
  14,854
  15,637
  16,458
  17,318
  18,218
  19,162
  20,152
  21,189
  22,276
Variable operating expenses, $m
  3,311
  3,551
  3,801
  4,060
  4,330
  4,610
  4,901
  5,204
  5,520
  5,849
  6,074
  6,431
  6,803
  7,192
  7,597
  8,021
  8,463
  8,926
  9,410
  9,916
  10,446
  11,000
  11,580
  12,188
  12,825
  13,492
  14,191
  14,923
  15,691
  16,497
Fixed operating expenses, $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 operating expenses, $m
  3,311
  3,551
  3,801
  4,060
  4,330
  4,610
  4,901
  5,204
  5,520
  5,849
  6,074
  6,431
  6,803
  7,192
  7,597
  8,021
  8,463
  8,926
  9,410
  9,916
  10,446
  11,000
  11,580
  12,188
  12,825
  13,492
  14,191
  14,923
  15,691
  16,497
Operating income, $m
  1,001
  1,085
  1,173
  1,263
  1,358
  1,456
  1,558
  1,664
  1,775
  1,890
  2,128
  2,253
  2,383
  2,520
  2,662
  2,810
  2,965
  3,127
  3,297
  3,474
  3,660
  3,854
  4,057
  4,270
  4,493
  4,727
  4,972
  5,228
  5,497
  5,780
EBITDA, $m
  1,290
  1,386
  1,487
  1,592
  1,701
  1,814
  1,932
  2,054
  2,182
  2,314
  2,453
  2,597
  2,747
  2,904
  3,068
  3,239
  3,418
  3,605
  3,800
  4,004
  4,218
  4,442
  4,676
  4,922
  5,179
  5,448
  5,730
  6,026
  6,337
  6,662
Interest expense (income), $m
  51
  64
  74
  84
  94
  105
  116
  128
  140
  153
  166
  180
  194
  209
  225
  241
  258
  276
  294
  313
  334
  355
  377
  400
  424
  450
  476
  504
  534
  564
  596
Earnings before tax, $m
  937
  1,011
  1,089
  1,169
  1,253
  1,340
  1,430
  1,524
  1,622
  1,724
  1,948
  2,059
  2,174
  2,295
  2,421
  2,552
  2,690
  2,833
  2,983
  3,140
  3,305
  3,477
  3,657
  3,846
  4,043
  4,250
  4,467
  4,695
  4,933
  5,183
Tax expense, $m
  253
  273
  294
  316
  338
  362
  386
  412
  438
  465
  526
  556
  587
  620
  654
  689
  726
  765
  806
  848
  892
  939
  987
  1,038
  1,092
  1,148
  1,206
  1,268
  1,332
  1,399
Net income, $m
  684
  738
  795
  854
  915
  978
  1,044
  1,113
  1,184
  1,259
  1,422
  1,503
  1,587
  1,675
  1,767
  1,863
  1,963
  2,068
  2,178
  2,293
  2,412
  2,538
  2,670
  2,807
  2,952
  3,103
  3,261
  3,427
  3,601
  3,784

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
  5,659
  6,084
  6,527
  6,986
  7,464
  7,960
  8,477
  9,014
  9,574
  10,156
  10,763
  11,396
  12,056
  12,744
  13,463
  14,214
  14,998
  15,818
  16,676
  17,572
  18,511
  19,493
  20,522
  21,599
  22,727
  23,909
  25,147
  26,446
  27,807
  29,234
Adjusted assets (=assets-cash), $m
  5,659
  6,084
  6,527
  6,986
  7,464
  7,960
  8,477
  9,014
  9,574
  10,156
  10,763
  11,396
  12,056
  12,744
  13,463
  14,214
  14,998
  15,818
  16,676
  17,572
  18,511
  19,493
  20,522
  21,599
  22,727
  23,909
  25,147
  26,446
  27,807
  29,234
Revenue / Adjusted assets
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
Average production assets, $m
  1,708
  1,836
  1,969
  2,108
  2,252
  2,402
  2,558
  2,720
  2,889
  3,065
  3,248
  3,439
  3,638
  3,846
  4,063
  4,289
  4,526
  4,773
  5,032
  5,303
  5,586
  5,882
  6,192
  6,517
  6,858
  7,215
  7,588
  7,980
  8,391
  8,821
Working capital, $m
  496
  533
  572
  612
  654
  698
  743
  790
  839
  890
  943
  999
  1,056
  1,117
  1,180
  1,246
  1,314
  1,386
  1,461
  1,540
  1,622
  1,708
  1,798
  1,893
  1,992
  2,095
  2,204
  2,317
  2,437
  2,562
Total debt, $m
  1,365
  1,551
  1,744
  1,945
  2,153
  2,370
  2,596
  2,831
  3,075
  3,330
  3,595
  3,872
  4,160
  4,461
  4,775
  5,103
  5,446
  5,804
  6,179
  6,571
  6,981
  7,410
  7,860
  8,330
  8,823
  9,340
  9,881
  10,448
  11,043
  11,667
Total liabilities, $m
  2,473
  2,659
  2,852
  3,053
  3,262
  3,479
  3,704
  3,939
  4,184
  4,438
  4,703
  4,980
  5,268
  5,569
  5,883
  6,211
  6,554
  6,913
  7,287
  7,679
  8,089
  8,519
  8,968
  9,439
  9,932
  10,448
  10,989
  11,557
  12,152
  12,775
Total equity, $m
  3,186
  3,425
  3,674
  3,933
  4,202
  4,482
  4,772
  5,075
  5,390
  5,718
  6,060
  6,416
  6,787
  7,175
  7,580
  8,002
  8,444
  8,906
  9,388
  9,893
  10,422
  10,975
  11,554
  12,160
  12,795
  13,461
  14,158
  14,889
  15,655
  16,459
Total liabilities and equity, $m
  5,659
  6,084
  6,526
  6,986
  7,464
  7,961
  8,476
  9,014
  9,574
  10,156
  10,763
  11,396
  12,055
  12,744
  13,463
  14,213
  14,998
  15,819
  16,675
  17,572
  18,511
  19,494
  20,522
  21,599
  22,727
  23,909
  25,147
  26,446
  27,807
  29,234
Debt-to-equity ratio
  0.430
  0.450
  0.470
  0.490
  0.510
  0.530
  0.540
  0.560
  0.570
  0.580
  0.590
  0.600
  0.610
  0.620
  0.630
  0.640
  0.640
  0.650
  0.660
  0.660
  0.670
  0.680
  0.680
  0.690
  0.690
  0.690
  0.700
  0.700
  0.710
  0.710
Adjusted equity ratio
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563
  0.563

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  684
  738
  795
  854
  915
  978
  1,044
  1,113
  1,184
  1,259
  1,422
  1,503
  1,587
  1,675
  1,767
  1,863
  1,963
  2,068
  2,178
  2,293
  2,412
  2,538
  2,670
  2,807
  2,952
  3,103
  3,261
  3,427
  3,601
  3,784
Depreciation, amort., depletion, $m
  289
  301
  315
  329
  343
  358
  374
  390
  407
  424
  325
  344
  364
  385
  406
  429
  453
  477
  503
  530
  559
  588
  619
  652
  686
  721
  759
  798
  839
  882
Funds from operations, $m
  972
  1,040
  1,110
  1,182
  1,258
  1,336
  1,418
  1,502
  1,591
  1,683
  1,747
  1,847
  1,951
  2,060
  2,173
  2,292
  2,416
  2,546
  2,681
  2,823
  2,971
  3,126
  3,289
  3,459
  3,637
  3,824
  4,020
  4,225
  4,440
  4,666
Change in working capital, $m
  36
  37
  39
  40
  42
  44
  45
  47
  49
  51
  53
  55
  58
  60
  63
  66
  69
  72
  75
  79
  82
  86
  90
  94
  99
  104
  109
  114
  119
  125
Cash from operations, $m
  937
  1,002
  1,071
  1,142
  1,216
  1,292
  1,372
  1,455
  1,542
  1,632
  1,694
  1,791
  1,893
  1,999
  2,110
  2,226
  2,347
  2,474
  2,606
  2,744
  2,889
  3,040
  3,199
  3,365
  3,539
  3,721
  3,911
  4,111
  4,321
  4,541
Maintenance CAPEX, $m
  -158
  -171
  -184
  -197
  -211
  -225
  -240
  -256
  -272
  -289
  -306
  -325
  -344
  -364
  -385
  -406
  -429
  -453
  -477
  -503
  -530
  -559
  -588
  -619
  -652
  -686
  -721
  -759
  -798
  -839
New CAPEX, $m
  -124
  -128
  -133
  -139
  -144
  -150
  -156
  -162
  -169
  -176
  -183
  -191
  -199
  -208
  -217
  -227
  -237
  -247
  -259
  -271
  -283
  -296
  -310
  -325
  -340
  -357
  -374
  -392
  -411
  -431
Cash from investing activities, $m
  -282
  -299
  -317
  -336
  -355
  -375
  -396
  -418
  -441
  -465
  -489
  -516
  -543
  -572
  -602
  -633
  -666
  -700
  -736
  -774
  -813
  -855
  -898
  -944
  -992
  -1,043
  -1,095
  -1,151
  -1,209
  -1,270
Free cash flow, $m
  654
  703
  754
  806
  861
  917
  976
  1,037
  1,101
  1,167
  1,204
  1,276
  1,350
  1,428
  1,509
  1,593
  1,682
  1,774
  1,870
  1,970
  2,075
  2,185
  2,300
  2,420
  2,546
  2,678
  2,816
  2,961
  3,112
  3,271
Issuance/(repayment) of debt, $m
  178
  186
  193
  201
  209
  217
  226
  235
  244
  255
  265
  276
  288
  301
  314
  328
  343
  358
  375
  392
  410
  429
  449
  471
  493
  517
  541
  567
  595
  624
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  
  178
  186
  193
  201
  209
  217
  226
  235
  244
  255
  265
  276
  288
  301
  314
  328
  343
  358
  375
  392
  410
  429
  449
  471
  493
  517
  541
  567
  595
  624
Total cash flow (excl. dividends), $m
  832
  889
  947
  1,007
  1,069
  1,134
  1,202
  1,272
  1,345
  1,422
  1,469
  1,552
  1,639
  1,729
  1,823
  1,922
  2,024
  2,132
  2,245
  2,362
  2,486
  2,615
  2,750
  2,891
  3,039
  3,195
  3,358
  3,528
  3,707
  3,895
Retained Cash Flow (-), $m
  -232
  -240
  -249
  -259
  -269
  -280
  -291
  -303
  -315
  -328
  -342
  -356
  -372
  -388
  -405
  -423
  -442
  -462
  -483
  -505
  -528
  -553
  -579
  -606
  -635
  -665
  -697
  -731
  -766
  -803
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
  32
  34
  37
  40
  43
  45
  49
  52
  55
  58
  62
  66
  69
  73
  78
  82
  87
  91
  96
  102
  107
  113
  119
  125
  132
  139
  146
  153
  161
  170
Cash available for distribution, $m
  600
  650
  698
  748
  801
  855
  911
  970
  1,030
  1,094
  1,128
  1,196
  1,267
  1,341
  1,418
  1,499
  1,583
  1,670
  1,762
  1,857
  1,957
  2,061
  2,171
  2,285
  2,404
  2,529
  2,660
  2,797
  2,941
  3,091
Discount rate, %
  4.60
  4.83
  5.07
  5.33
  5.59
  5.87
  6.16
  6.47
  6.80
  7.14
  7.49
  7.87
  8.26
  8.67
  9.11
  9.56
  10.04
  10.54
  11.07
  11.62
  12.21
  12.82
  13.46
  14.13
  14.84
  15.58
  16.36
  17.17
  18.03
  18.93
PV of cash for distribution, $m
  574
  591
  602
  608
  610
  607
  599
  587
  570
  549
  509
  482
  452
  419
  384
  348
  311
  275
  240
  206
  174
  145
  119
  96
  76
  59
  45
  33
  24
  17
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

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company's segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets. The Snap-on Tools Group consists of business operations primarily serving vehicle service and repair technicians. The Repair Systems & Information Group consists of business operations serving other professional vehicle repair customers, primarily owners and managers of independent repair shops and original equipment manufacturer (OEM) dealership service and repair shops. Financial Services consists of the business operations of its finance subsidiaries.

FINANCIAL RATIOS  of  Snap-On (SNA)

Valuation Ratios
P/E Ratio 18.4
Price to Sales 2.7
Price to Book 3.8
Price to Tangible Book
Price to Cash Flow 17.4
Price to Free Cash Flow 20
Growth Rates
Sales Growth Rate 3.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -7.5%
Cap. Spend. - 3 Yr. Gr. Rate 0.8%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 27.1%
Total Debt to Equity 38.6%
Interest Coverage 17
Management Effectiveness
Return On Assets 12.8%
Ret/ On Assets - 3 Yr. Avg. 11.9%
Return On Total Capital 15.8%
Ret/ On T. Cap. - 3 Yr. Avg. 14.8%
Return On Equity 21.7%
Return On Equity - 3 Yr. Avg. 20.7%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 53.6%
Gross Margin - 3 Yr. Avg. 52.6%
EBITDA Margin 25.2%
EBITDA Margin - 3 Yr. Avg. 23.5%
Operating Margin 23%
Oper. Margin - 3 Yr. Avg. 21.3%
Pre-Tax Margin 21.6%
Pre-Tax Margin - 3 Yr. Avg. 19.8%
Net Profit Margin 14.7%
Net Profit Margin - 3 Yr. Avg. 13.4%
Effective Tax Rate 30.5%
Eff/ Tax Rate - 3 Yr. Avg. 31.1%
Payout Ratio 27.1%

SNA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SNA stock intrinsic value calculation we used $4000 million for the last fiscal year's total revenue generated by Snap-On. The default revenue input number comes from 2017 income statement of Snap-On. 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 SNA stock valuation model: a) initial revenue growth rate of 7.8% 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 4.6%, whose default value for SNA is calculated based on our internal credit rating of Snap-On, 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 Snap-On.
    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 SNA stock the variable cost ratio is equal to 77%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SNA 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 Snap-On.

Corporate tax rate of 27% is the nominal tax rate for Snap-On. 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 SNA stock is equal to 0.8%.

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 SNA are equal to 39.6%.

Life of production assets of 10 years is the average useful life of capital assets used in Snap-On 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 SNA is equal to 11.5%. 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 - $2954 million for Snap-On - 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 57 million for Snap-On 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 Snap-On at the current share price and the inputted number of shares is $9.9 billion.

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COMPANY NEWS

▶ Why Snap-on Stock Popped 10% Today   [Jul-19-18 05:11PM  Motley Fool]
▶ Snap-On: 2Q Earnings Snapshot   [06:37AM  Associated Press]
▶ Bet on These 5 Stocks With Strong Sales Growth Right Away   [Jun-22-18 11:43AM  InvestorPlace]
▶ Star Confirms GADSS Compatibility   [Jun-11-18 09:11AM  GlobeNewswire]
▶ Star Announces STAR-ISAMM   [Jun-04-18 01:00PM  GlobeNewswire]
▶ Rolling Out the 2018 Mid Cap Dividend Growers Portfolio   [May-16-18 11:52AM  TheStreet.com]
▶ Star Appoints Interim CEO and Updates R&D   [May-15-18 01:48PM  GlobeNewswire]
▶ Industrial Dividend Stocks Of The Month: Kennametal And More   [May-12-18 12:02PM  Simply Wall St.]
▶ Star Appoints VP-Sales   [May-09-18 02:43PM  GlobeNewswire]
▶ Star Reprices Warrants and Grants Stock Options   [May-02-18 02:02PM  GlobeNewswire]
▶ Snap-on Incorporated Declares Quarterly Dividend   [Apr-26-18 04:30PM  Business Wire]
▶ Snap-On CEO Sees Expansion Opportunities in Mining, Aviation   [Apr-23-18 10:18AM  Bloomberg Video]
▶ Snap-on (SNA) in Focus: Stock Moves 6.2% Higher   [Apr-20-18 08:51AM  Zacks]
▶ American Express the big winner today   [03:49PM  CNBC Videos]
▶ Snap-on Announces First Quarter 2018 Results   [06:30AM  Business Wire]
▶ 5 Amazing Earnings Charts This Week   [Apr-17-18 09:02PM  Zacks]
▶ Moving Average Crossover Alert: Snap-on (SNA)   [Apr-16-18 09:14AM  Zacks]
▶ Better Profits Than Meet The Eye At Snap-On   [Apr-11-18 11:47AM  Forbes]
▶ Star Navigation Remembers MH370   [Mar-08-18 09:50AM  GlobeNewswire]
▶ Snap-on Announces Consummation of Tender Offer   [Feb-27-18 11:05AM  Business Wire]
▶ Snap-on Incorporated Declares Quarterly Dividend   [Feb-15-18 04:15PM  Business Wire]
▶ Snap-on Earnings: Q4 Is Worse Than It Looks   [Feb-13-18 03:04PM  Barrons.com]
▶ Snap-On tops Street 4Q forecasts   [06:53AM  Associated Press]
▶ Snap-on CEO: Expanding manufacturing jobs in America   [Jan-31-18 06:40AM  CNBC Videos]
▶ 3 Top Stocks Wall Street Is Overlooking   [Jan-30-18 07:16AM  Motley Fool]
▶ Star Navigation Announces Option Grants   [Jan-29-18 05:00PM  GlobeNewswire]
▶ [$$] The Monkey Wrench in Snap-on's Strategy   [Jan-27-18 12:01AM  Barrons.com]
▶ Trump hits solar panels, washing machines with tariffs   [Jan-23-18 10:35AM  Yahoo Finance Video]
▶ Star Navigation Announces Completion of Private Placement   [Jan-11-18 04:34PM  GlobeNewswire]
▶ Star Navigation M.M.I. Division Update   [Jan-09-18 05:00PM  GlobeNewswire]
▶ 5 Dividend Growth Stocks to Buy for Bigger Returns   [Jan-03-18 11:05AM  InvestorPlace]
▶ Star Navigation Shares Listed on OTCQB   [Jan-02-18 03:23PM  GlobeNewswire]
▶ ETFs with exposure to Snap-On, Inc. : December 13, 2017   [Dec-13-17 01:58PM  Capital Cube]
▶ Pinchuk Says U.S. Manufacturers Are Feeling Positivity   [Dec-08-17 08:15AM  Bloomberg Video]
▶ Star Navigation Announces STAR V-trk Shipments   [Dec-04-17 07:15AM  GlobeNewswire]
▶ ETFs with exposure to Snap-On, Inc. : November 27, 2017   [Nov-27-17 03:47PM  Capital Cube]
▶ Star Navigation Provides India Update   [Nov-20-17 02:50PM  GlobeNewswire]
▶ Industrial Dividend Stocks Investors Love   [Nov-18-17 11:02AM  Simply Wall St.]
▶ ETFs with exposure to Snap-On, Inc. : November 13, 2017   [Nov-13-17 01:12PM  Capital Cube]
▶ 7 Large-Cap Stocks With a Potential Financial Dark Side   [Nov-08-17 02:37PM  InvestorPlace]
▶ Is It Too Late To Buy Snap-on Incorporated (SNA)?   [Nov-06-17 03:52PM  Simply Wall St.]
▶ Snap-on Raises Dividend 15.5%   [06:30AM  Business Wire]
▶ ETFs with exposure to Snap-On, Inc. : November 2, 2017   [Nov-02-17 12:34PM  Capital Cube]
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