Intrinsic value of Timken - TKR

Previous Close

$48.70

  Intrinsic Value

$2.95

stock screener

  Rating & Target

str. sell

-94%

Previous close

$48.70

 
Intrinsic value

$2.95

 
Up/down potential

-94%

 
Rating

str. sell

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

We calculate the intrinsic value of TKR 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 3.8

 

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, %
  -7.03
  11.40
  10.76
  10.18
  9.67
  9.20
  8.78
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
  6.32
  6.19
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.33
  5.30
Revenue, $m
  2,670
  2,974
  3,294
  3,630
  3,981
  4,347
  4,729
  5,126
  5,539
  5,969
  6,415
  6,879
  7,361
  7,862
  8,383
  8,925
  9,489
  10,076
  10,687
  11,324
  11,988
  12,681
  13,404
  14,159
  14,947
  15,771
  16,631
  17,532
  18,474
  19,459
  20,491
Variable operating expenses, $m
 
  3,128
  3,461
  3,809
  4,174
  4,555
  4,952
  5,365
  5,794
  6,241
  6,705
  7,151
  7,652
  8,173
  8,715
  9,278
  9,865
  10,475
  11,110
  11,773
  12,463
  13,183
  13,935
  14,719
  15,539
  16,395
  17,290
  18,226
  19,205
  20,230
  21,302
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
  2,415
  3,128
  3,461
  3,809
  4,174
  4,555
  4,952
  5,365
  5,794
  6,241
  6,705
  7,151
  7,652
  8,173
  8,715
  9,278
  9,865
  10,475
  11,110
  11,773
  12,463
  13,183
  13,935
  14,719
  15,539
  16,395
  17,290
  18,226
  19,205
  20,230
  21,302
Operating income, $m
  255
  -154
  -166
  -180
  -193
  -208
  -223
  -239
  -255
  -272
  -290
  -272
  -291
  -311
  -332
  -353
  -376
  -399
  -423
  -448
  -475
  -502
  -531
  -561
  -592
  -624
  -658
  -694
  -731
  -770
  -811
EBITDA, $m
  387
  -6
  -7
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -21
  -22
  -23
  -25
  -26
  -27
  -29
  -31
  -32
  -34
  -36
  -38
  -40
  -42
Interest expense (income), $m
  0
  22
  28
  34
  41
  47
  54
  62
  69
  77
  85
  94
  103
  112
  122
  132
  142
  153
  164
  176
  188
  200
  214
  228
  242
  257
  273
  289
  307
  325
  343
Earnings before tax, $m
  222
  -176
  -194
  -214
  -234
  -255
  -277
  -300
  -324
  -349
  -375
  -366
  -394
  -423
  -453
  -485
  -518
  -552
  -587
  -624
  -662
  -703
  -744
  -788
  -834
  -881
  -931
  -983
  -1,038
  -1,095
  -1,155
Tax expense, $m
  69
  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
Net income, $m
  153
  -176
  -194
  -214
  -234
  -255
  -277
  -300
  -324
  -349
  -375
  -366
  -394
  -423
  -453
  -485
  -518
  -552
  -587
  -624
  -662
  -703
  -744
  -788
  -834
  -881
  -931
  -983
  -1,038
  -1,095
  -1,155

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  149
  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
  2,763
  2,913
  3,227
  3,555
  3,899
  4,258
  4,631
  5,020
  5,425
  5,846
  6,283
  6,737
  7,210
  7,700
  8,211
  8,741
  9,294
  9,869
  10,467
  11,091
  11,742
  12,420
  13,128
  13,867
  14,639
  15,446
  16,289
  17,171
  18,094
  19,059
  20,069
Adjusted assets (=assets-cash), $m
  2,614
  2,913
  3,227
  3,555
  3,899
  4,258
  4,631
  5,020
  5,425
  5,846
  6,283
  6,737
  7,210
  7,700
  8,211
  8,741
  9,294
  9,869
  10,467
  11,091
  11,742
  12,420
  13,128
  13,867
  14,639
  15,446
  16,289
  17,171
  18,094
  19,059
  20,069
Revenue / Adjusted assets
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
  1.021
Average production assets, $m
  1,062
  1,184
  1,311
  1,445
  1,584
  1,730
  1,882
  2,040
  2,205
  2,376
  2,553
  2,738
  2,930
  3,129
  3,336
  3,552
  3,777
  4,010
  4,254
  4,507
  4,771
  5,047
  5,335
  5,635
  5,949
  6,277
  6,619
  6,978
  7,353
  7,745
  8,155
Working capital, $m
  759
  705
  781
  860
  943
  1,030
  1,121
  1,215
  1,313
  1,415
  1,520
  1,630
  1,745
  1,863
  1,987
  2,115
  2,249
  2,388
  2,533
  2,684
  2,841
  3,005
  3,177
  3,356
  3,542
  3,738
  3,942
  4,155
  4,378
  4,612
  4,856
Total debt, $m
  659
  802
  976
  1,160
  1,352
  1,552
  1,760
  1,977
  2,203
  2,438
  2,682
  2,936
  3,199
  3,473
  3,758
  4,054
  4,362
  4,683
  5,017
  5,365
  5,728
  6,107
  6,502
  6,914
  7,345
  7,795
  8,265
  8,758
  9,272
  9,811
  10,375
Total liabilities, $m
  1,484
  1,626
  1,800
  1,984
  2,176
  2,376
  2,584
  2,801
  3,027
  3,262
  3,506
  3,760
  4,023
  4,297
  4,582
  4,878
  5,186
  5,507
  5,841
  6,189
  6,552
  6,931
  7,326
  7,738
  8,169
  8,619
  9,089
  9,582
  10,096
  10,635
  11,199
Total equity, $m
  1,280
  1,288
  1,426
  1,571
  1,723
  1,882
  2,047
  2,219
  2,398
  2,584
  2,777
  2,978
  3,187
  3,404
  3,629
  3,864
  4,108
  4,362
  4,627
  4,902
  5,190
  5,490
  5,803
  6,129
  6,471
  6,827
  7,200
  7,590
  7,997
  8,424
  8,871
Total liabilities and equity, $m
  2,764
  2,914
  3,226
  3,555
  3,899
  4,258
  4,631
  5,020
  5,425
  5,846
  6,283
  6,738
  7,210
  7,701
  8,211
  8,742
  9,294
  9,869
  10,468
  11,091
  11,742
  12,421
  13,129
  13,867
  14,640
  15,446
  16,289
  17,172
  18,093
  19,059
  20,070
Debt-to-equity ratio
  0.515
  0.620
  0.680
  0.740
  0.780
  0.820
  0.860
  0.890
  0.920
  0.940
  0.970
  0.990
  1.000
  1.020
  1.040
  1.050
  1.060
  1.070
  1.080
  1.090
  1.100
  1.110
  1.120
  1.130
  1.140
  1.140
  1.150
  1.150
  1.160
  1.160
  1.170
Adjusted equity ratio
  0.433
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  153
  -176
  -194
  -214
  -234
  -255
  -277
  -300
  -324
  -349
  -375
  -366
  -394
  -423
  -453
  -485
  -518
  -552
  -587
  -624
  -662
  -703
  -744
  -788
  -834
  -881
  -931
  -983
  -1,038
  -1,095
  -1,155
Depreciation, amort., depletion, $m
  132
  147
  159
  172
  185
  199
  213
  228
  244
  260
  277
  258
  276
  295
  315
  335
  356
  378
  401
  425
  450
  476
  503
  532
  561
  592
  624
  658
  694
  731
  769
Funds from operations, $m
  463
  -28
  -35
  -42
  -49
  -56
  -64
  -72
  -81
  -89
  -98
  -108
  -118
  -128
  -139
  -150
  -161
  -173
  -186
  -199
  -212
  -226
  -241
  -257
  -273
  -289
  -307
  -325
  -344
  -364
  -385
Change in working capital, $m
  61
  72
  76
  80
  83
  87
  90
  94
  98
  102
  106
  110
  114
  119
  123
  128
  134
  139
  145
  151
  157
  164
  171
  179
  187
  195
  204
  213
  223
  234
  244
Cash from operations, $m
  402
  -100
  -111
  -121
  -132
  -143
  -154
  -166
  -178
  -191
  -204
  -218
  -232
  -247
  -262
  -278
  -295
  -312
  -331
  -350
  -370
  -391
  -412
  -435
  -459
  -485
  -511
  -539
  -568
  -598
  -630
Maintenance CAPEX, $m
  0
  -100
  -112
  -124
  -136
  -149
  -163
  -178
  -192
  -208
  -224
  -241
  -258
  -276
  -295
  -315
  -335
  -356
  -378
  -401
  -425
  -450
  -476
  -503
  -532
  -561
  -592
  -624
  -658
  -694
  -731
New CAPEX, $m
  -138
  -122
  -127
  -134
  -140
  -146
  -152
  -158
  -164
  -171
  -178
  -185
  -192
  -199
  -207
  -216
  -224
  -234
  -243
  -254
  -264
  -276
  -288
  -300
  -314
  -328
  -343
  -358
  -375
  -392
  -411
Cash from investing activities, $m
  -211
  -222
  -239
  -258
  -276
  -295
  -315
  -336
  -356
  -379
  -402
  -426
  -450
  -475
  -502
  -531
  -559
  -590
  -621
  -655
  -689
  -726
  -764
  -803
  -846
  -889
  -935
  -982
  -1,033
  -1,086
  -1,142
Free cash flow, $m
  191
  -322
  -350
  -378
  -408
  -438
  -470
  -502
  -535
  -570
  -606
  -643
  -682
  -723
  -765
  -809
  -854
  -902
  -952
  -1,005
  -1,059
  -1,116
  -1,176
  -1,239
  -1,305
  -1,374
  -1,446
  -1,521
  -1,601
  -1,684
  -1,771
Issuance/(repayment) of debt, $m
  2
  167
  175
  183
  192
  200
  209
  217
  226
  235
  244
  254
  263
  274
  285
  296
  308
  321
  334
  348
  363
  379
  395
  412
  431
  450
  471
  492
  515
  539
  564
Issuance/(repurchase) of shares, $m
  -97
  308
  333
  359
  386
  414
  443
  472
  503
  535
  568
  567
  603
  640
  679
  719
  762
  806
  852
  900
  950
  1,002
  1,057
  1,115
  1,175
  1,238
  1,304
  1,373
  1,446
  1,522
  1,601
Cash from financing (excl. dividends), $m  
  -87
  475
  508
  542
  578
  614
  652
  689
  729
  770
  812
  821
  866
  914
  964
  1,015
  1,070
  1,127
  1,186
  1,248
  1,313
  1,381
  1,452
  1,527
  1,606
  1,688
  1,775
  1,865
  1,961
  2,061
  2,165
Total cash flow (excl. dividends), $m
  101
  153
  158
  164
  170
  176
  182
  188
  194
  200
  206
  177
  184
  191
  199
  207
  215
  224
  234
  243
  254
  265
  276
  288
  301
  315
  329
  344
  360
  376
  394
Retained Cash Flow (-), $m
  45
  -308
  -333
  -359
  -386
  -414
  -443
  -472
  -503
  -535
  -568
  -567
  -603
  -640
  -679
  -719
  -762
  -806
  -852
  -900
  -950
  -1,002
  -1,057
  -1,115
  -1,175
  -1,238
  -1,304
  -1,373
  -1,446
  -1,522
  -1,601
Prev. year cash balance distribution, $m
 
  125
  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
 
  -31
  -175
  -195
  -216
  -238
  -261
  -285
  -310
  -335
  -362
  -390
  -419
  -449
  -480
  -512
  -546
  -581
  -618
  -656
  -696
  -738
  -781
  -827
  -874
  -923
  -975
  -1,029
  -1,086
  -1,145
  -1,207
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
 
  -30
  -160
  -170
  -178
  -185
  -189
  -192
  -193
  -193
  -190
  -185
  -179
  -171
  -161
  -150
  -139
  -127
  -114
  -101
  -88
  -76
  -65
  -54
  -45
  -36
  -28
  -22
  -17
  -13
  -9
Current shareholders' claim on cash, %
  100
  91.7
  84.4
  77.8
  71.9
  66.5
  61.6
  57.2
  53.1
  49.4
  46.0
  43.0
  40.3
  37.7
  35.4
  33.1
  31.1
  29.2
  27.4
  25.7
  24.1
  22.6
  21.2
  20.0
  18.7
  17.6
  16.5
  15.5
  14.6
  13.7
  12.9

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries. Its Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers, belts and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment and powersports markets; on-highway vehicles, including passenger cars, light trucks and medium- and heavy-duty trucks; rail cars, and locomotives. Its Process Industries segment supplies industrial bearings and assemblies, power transmission components, and related products and services to OEMs and end users.

FINANCIAL RATIOS  of  Timken (TKR)

Valuation Ratios
P/E Ratio 24.7
Price to Sales 1.4
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 9.4
Price to Free Cash Flow 14.3
Growth Rates
Sales Growth Rate -7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 30.2%
Cap. Spend. - 3 Yr. Gr. Rate -15.8%
Financial Strength
Quick Ratio 6
Current Ratio 0.2
LT Debt to Equity 49.6%
Total Debt to Equity 51.5%
Interest Coverage 0
Management Effectiveness
Return On Assets 5.5%
Ret/ On Assets - 3 Yr. Avg. 2.5%
Return On Total Capital 7.8%
Ret/ On T. Cap. - 3 Yr. Avg. 3.6%
Return On Equity 11.7%
Return On Equity - 3 Yr. Avg. 5%
Asset Turnover 1
Profitability Ratios
Gross Margin 26.4%
Gross Margin - 3 Yr. Avg. 27.9%
EBITDA Margin 13.3%
EBITDA Margin - 3 Yr. Avg. 7.4%
Operating Margin 9.6%
Oper. Margin - 3 Yr. Avg. 3.7%
Pre-Tax Margin 8.3%
Pre-Tax Margin - 3 Yr. Avg. 2.8%
Net Profit Margin 5.7%
Net Profit Margin - 3 Yr. Avg. 2.9%
Effective Tax Rate 31.1%
Eff/ Tax Rate - 3 Yr. Avg. 40.8%
Payout Ratio 53.6%

TKR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TKR stock intrinsic value calculation we used $2670 million for the last fiscal year's total revenue generated by Timken. The default revenue input number comes from 2016 income statement of Timken. 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 TKR stock valuation model: a) initial revenue growth rate of 11.4% 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 4.3%, whose default value for TKR is calculated based on our internal credit rating of Timken, 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 Timken.
    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 TKR stock the variable cost ratio is equal to 105.3%.

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 TKR 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 Timken.

Corporate tax rate of 27% is the nominal tax rate for Timken. 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 TKR 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 TKR are equal to 39.8%.

Life of production assets of 10.6 years is the average useful life of capital assets used in Timken 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 TKR is equal to 23.7%. 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 - $1280 million for Timken - 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 78.039 million for Timken 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 Timken at the current share price and the inputted number of shares is $3.8 billion.

RELATED COMPANIES Price Int.Val. Rating
ROLL RBC Bearings 121.30 58.08  str.sell
AIMC Altra Industri 47.80 132.49  str.buy
RXN Rexnord 24.32 23.76  hold
DOV Dover 96.18 277.22  str.buy

COMPANY NEWS

▶ Timken Gets Relative Strength Rating Upgrade   [Dec-05-17 03:00AM  Investor's Business Daily]
▶ Timken Declares Quarterly Dividend of 27 Cents Per Share   [Nov-03-17 11:15AM  PR Newswire]
▶ Timken Company to Host Earnings Call   [Oct-25-17 07:15AM  ACCESSWIRE]
▶ Timken beats Street 3Q forecasts   [07:07AM  Associated Press]
▶ ETFs with exposure to The Timken Co. : October 16, 2017   [Oct-16-17 10:00AM  Capital Cube]
▶ Stocks Showing Improved Relative Strength: Timken   [Sep-13-17 03:00AM  Investor's Business Daily]
▶ Trump shuts down council after slew of CEOs quit   [Aug-16-17 02:01PM  Yahoo Finance]
▶ Timken Declares Quarterly Dividend Of 27 Cents Per Share   [Aug-08-17 10:15AM  PR Newswire]
▶ Timken beats Street 2Q forecasts   [Jul-26-17 09:35PM  Associated Press]
▶ ETFs with exposure to The Timken Co. : July 25, 2017   [Jul-25-17 01:37PM  Capital Cube]
▶ ETFs with exposure to The Timken Co. : July 13, 2017   [Jul-13-17 04:43PM  Capital Cube]
▶ The Timken Co. Value Analysis (NYSE:TKR) : June 22, 2017   [Jun-22-17 05:11PM  Capital Cube]
▶ First Eagle Investment Slashes 5 Stakes in 1st Quarter   [May-05-17 06:34PM  GuruFocus.com]
▶ ETFs with exposure to The Timken Co. : May 2, 2017   [May-02-17 04:44PM  Capital Cube]
▶ Timken beats 1Q profit forecasts   [Apr-26-17 07:44AM  Associated Press]
▶ The Timken Co. Value Analysis (NYSE:TKR) : April 24, 2017   [Apr-24-17 03:54PM  Capital Cube]
▶ ETFs with exposure to The Timken Co. : April 7, 2017   [Apr-07-17 05:36PM  Capital Cube]
▶ Is Kite Pharma Inc (KITE) a Good Stock to Buy?   [Dec-13-16 07:10AM  at Insider Monkey]
▶ Hedge Funds Are Buying The Timken Company (TKR)   [02:23AM  at Insider Monkey]
▶ [$$] Z Capital Adds to Operating, Private-Equity and Credit Teams   [Nov-16-16 12:53PM  at The Wall Street Journal]
▶ Timken Declares Quarterly Dividend of 26 Cents Per Share   [Nov-11-16 10:50AM  PR Newswire]
Financial statements of TKR
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.