Ambarella (AMBA:NAS) Fundamental Valuation Report


This Report was generated using the tools available on StockCalc.com. Patchell Brook Equity Analytics Inc. emphasizes that the user assumes all risks associated with the use of this report or the Stockcalc website including, but not limited to, all terms and conditions mentioned in the legal disclaimer.
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Ambarella $48.99 (USD) Close Price as of 29/03/2018

Based on the analysis conducted in this report, Ambarella, (AMBA:NAS) is found to be  Undervalued.

Company Ambarella
Symbol:Exchange AMBA:NAS
Industry Technology:Semiconductor Equipment & Materials
Close Price/Date $48.99 (USD) 29/03/2018
Weighted Average Valuation $62.27 (USD)
Summary AMBA:NAS is found to be  Undervalued by 27.1% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $57.00 (USD)
(in order of importance) Comparables: $67.30 (USD)
Adjusted Book Value: $67.99 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Undervalued on an Asset Valuation basis

Valuation Details

Ambarella Valuations

Summary chart

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for AMBA:NAS

Using a discounted cash flow model we generated an intrinsic value of $17.09 (USD) for AMBA:NAS

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

AMBA:NAS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $17.09 1% 5% 1% 5%
WACC (or Ke) 16.73 $18.47 $15.90
Terminal Growth Rate 3.00 $16.15 $18.17
Tax Rate 0.05 $18.01 $16.16
Cash Flow 96,288,776 $16.20 $17.98
Capital Expenditures -1,872,600 $17.08 $17.10
Long Term Debt 0 $17.09 $17.09

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $67.30 (USD) for AMBA:NAS. We also generated a valuation of $78.66 (USD) using other metrics and comparables.
The comparable companies were Brooks Automation (BRKS:NAS), Entegris (ENTG:NAS), Kulicke & Soffa Indus (KLIC:NAS) and Universal Display (OLED:NAS)

Company AMBA:NAS End Date Value
Earnings/Share $0.55 (USD)
Book Value/Share $14.08 (USD)
Sales/Share $9.04 (USD)
Cash Flow/Share $2.68 (USD)
EBITDA/Share $0.00 (USD)
Price Based on Comps Adjustment Factor (%)
$28.35 (USD) -3.5
$60.93 (USD) 97.7
$50.88 (USD) 0.0
$58.71 (USD) 20.2
$0.00 (USD) 0.0
AMBA:NAS Ratios Used Average Values BRKS:NAS ENTG:NAS KLIC:NAS OLED:NAS
47.11 PE Ratio 51.55 29.43 58.98 71.46 46.33
3.48 PB Ratio 4.33 3.05 4.97 2.08 7.21
5.42 PS Ratio 5.63 2.65 3.72 2.06 14.09
18.29 PCF Ratio 21.91 23.73 17.02 11.46 35.45
26.00 EV to EBITDA 16.76 18.83 15.61 7.89 24.72

Multiples

Using a multiples approach we generated a valuation of  $49.21 (USD) for AMBA:NAS

Company AMBA:NAS End Date Value
Earnings/Share $0.55 (USD)
Book Value/Share $14.08 (USD)
Sales/Share $9.04 (USD)
Cash Flow/Share $2.68 (USD)
EBITDA/Share $1.79 (USD)
Price Based on Comps Adjustment Factor
$21.43 (USD) 0
$68.31 (USD) 0
$59.17 (USD) 0
$50.32 (USD) 0
$46.85 (USD) 0
Ratios Ratio Average
PE Ratio 38.96
PB Ratio 4.85
PS Ratio 6.55
PCF Ratio 18.78
EV to EBITDA 26.15

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  AMBA:NAS for the last 6 years was  4.84

We ran the Adjusted Book Value for  AMBA:NAS and generated a book value of  $14.06 (USD)
By multiplying these we get an adjusted valuation of  $67.99 (USD)

Analyst Data

In the Stockcalc database there are 3 analysts that provide a valuation for AMBA:NAS. The 3 analysts have a concensus valuation for AMBA:NAS for 2019 of $57.00 (USD).

AMBA:NAS Ambarella

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
1 2 0 3.6667 Outperform 2018-3-29

Current Price: not available

Analyst Consensus
USD Millions 2018 2019 2020
Mean EPS 2.07 1.54 2.09
# EPS Analysts 3 3 3
Mean Revenue 295.40 303.80 358.70
# Revenue Analysts 3 3 3
Mean Target Price 57.00
Mean Cash Flow 2.40 1.59 2.00
Mean EBITDA
Mean Net Income 71.40 53.20 72.50
Mean Debt Outstanding
Mean Tax Rate 11.83 15.00 15.00
Mean Growth Rate 14.50
Mean Capital Expenditure

Company Overview (AMBA:NAS USD)

Price 48.99
Range 47.11 – 50.81
52 week 40.60 – 65.05
Open 50.40
Vol / Avg. 1.51M/1.36M
Mkt cap 1.63B
P/E 47.11
Div/yield 0.00/0.00
EPS 1.68
Shares 33.3M
Beta 1.09
Summary chart

Detailed Company Description

Ambarella Inc is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing and display.

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.
The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).
The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.
We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.
Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.
With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.
If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on www.stockcalc.com for further information.
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NII Holdings (NIHD:NAS) and Arcadia Biosciences (RKDA:NAS) Are Biggest Stock Gainers YTD on NASDAQ

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Biggest Stock Gainers Year to Date on NASDAQ

Today we are looking at companies that have had the greatest percentage increase in share price year to date.

Top 25 Companies

Lists like these are always interesting to look at as they tell more than one story. Companies that are experiencing dramatic increases in share price can do so for a variety of reasons. These can include, the sector they are in has turned (such as companies in the commodities space or a new sector that has huge future potential), the company is in talks to be taken over, or the company has restructured and earnings are turning better than expected.

In this list we have selected the top 25 companies based on their percentage increase in share price year to date.

Today’s Data on NASDAQ

Today’s data is for companies listed on the NASDAQ.

Symbol Name Total Return Period
NIHD NII Holdings Inc 493.919397 YTD
RKDA Arcadia Biosciences Inc 354.727273 YTD
INNT Innovate Biopharmaceuticals Inc 303.442623 YTD
AKER Akers Biosciences Inc 291.343284 YTD
LGCY Legacy Reserves LP 218.012422 YTD
TNDM Tandem Diabetes Care Inc 197.033898 YTD
AMTX Aemetis Inc 189.090909 YTD
NEWA Newater Technology Inc 185.197018 YTD
NCNA NuCana PLC 145.499505 YTD
CNET ChinaNet Online Holdings Inc 143.119266 YTD
ACMR ACM Research Inc 142.666667 YTD
ATRA Atara Biotherapeutics Inc 128.453039 YTD
ZN Zion Oil & Gas Inc 125.462963 YTD
ABLX Ablynx NV 119.927971 YTD
SSTI ShotSpotter Inc 116.085409 YTD
ECYT Endocyte Inc 113.785047 YTD
CRSP CRISPR Therapeutics AG 112.137990 YTD
IMRN Immuron Ltd 108.128544 YTD
MBII Marrone Bio Innovations Inc 104.545455 YTD
CCXI ChemoCentryx Inc 103.865546 YTD
MYSZ My Size Inc 103.735144 YTD
ABCD Cambium Learning Group Inc 102.288732 YTD
MNOV MediciNova Inc 101.236476 YTD
VIRT Virtu Financial Inc 95.027322 YTD
AVXS AveXis Inc 91.424957 YTD

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

NIHD:NAS NII Holdings

http://www.nii.com
NII Holdings has 2288 employees and is headquartered in United States.
NII Holdings Inc is a provider of telecom services. The company’s services include mobile telephone voice and wireless data services,international voice and data roaming services, application-based radio connection and value-added services.

RKDA:NAS Arcadia Biosciences

http://www.arcadiabio.com
Arcadia Biosciences has 42 employees and is headquartered in United States.
Arcadia Biosciences Inc is an agricultural biotechnology trait company. The company develops a portfolio of yield and traits addressing multiple crops that supply the global food and feed markets.

Free Valuation

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Flexible Solutions (FSI:ASE) Is Fully Valued

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Fully Valued Stocks on AMEX

Today we are looking at companies that are considered fully valued based on the Analyst data in the StockCalc database.

In this table we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on AMEX

Today’s data is for companies listed on the American Stock Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
FSI Flexible Solutions International Inc 2018 1.470000 1.0000 USD 1

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

FSI:ASE Flexible Solutions

http://www.flexiblesolutions.com
Flexible Solutions has 25 employees and is headquartered in Canada.
Flexible Solutions International Inc together with its subsidiaries develops, manufactures and markets specialty chemicals which slow the evaporation of water.

Free Valuation

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Roper Technologies (ROP:NYS) and Stanley Black & Decker (SWK:NYS) Are Undervalued

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Undervalued Stocks on NYSE

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on NYSE

Today’s data is for companies listed on the New York Stock Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
BLK BlackRock Inc 2018 533.960000 630.5000 USD 4
FDX FedEx Corp 2019 238.000000 290.8333 USD 6
ANTM Anthem Inc 2018 224.950000 278.3333 USD 6
AGN Allergan PLC 2018 164.310000 218.8333 USD 6
CI Cigna Corp 2018 169.850000 213.6667 USD 6
SHW Sherwin-Williams Co 2018 388.170000 456.4286 USD 7
ROP Roper Technologies Inc 2018 273.140000 327.0000 USD 2
SWK Stanley Black & Decker Inc 2018 151.810000 197.3333 USD 3
PH Parker Hannifin Corp 2019 172.410000 219.5000 USD 2
ROK Rockwell Automation Inc 2018 172.040000 230.0000 USD 1
BAP Credicorp Ltd 2018 237.090000 517.5600 USD 2
MHK Mohawk Industries Inc 2018 238.830000 301.2000 USD 5
AZO AutoZone Inc 2018 616.680000 815.2000 USD 5
MKL Markel Corp 2018 1156.670000 1250.0000 USD 1
MTD Mettler-Toledo International Inc 2018 571.280000 627.5000 USD 2
SHOP Shopify Inc 2018 122.870000 182.4155 CAD 8
ADS Alliance Data Systems Corp 2018 210.450000 267.3750 USD 8
NVR NVR Inc 2018 3174.220000 3750.0000 USD 1
COO The Cooper Companies Inc 2018 223.340000 270.5000 USD 2
WHR Whirlpool Corp 2018 149.820000 207.3333 USD 3
WCG WellCare Health Plans Inc 2018 195.590000 247.0000 USD 2
BIO.B Bio-Rad Laboratories Inc 2018 249.850000 325.0000 USD 1
BIO Bio-Rad Laboratories Inc 2018 250.020000 325.0000 USD 1
THO Thor Industries Inc 2018 111.230000 172.6667 USD 3
SPB Spectrum Brands Holdings Inc 2018 98.320000 149.0000 USD 3

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

ROP:NYS Roper Technologies

http://www.ropertech.com
Roper Technologies has 14236 employees and is headquartered in United States.
Roper Technologies Inc is a diversified technology company. The firm offers industrial pumps, water meters, sensors, valves, control systems, highway tolling systems and SaaS brokerage for freight and food markets, digital imaging, and software systems.

SWK:NYS Stanley Black & Decker

http://www.stanleyblackanddecker.com
Stanley Black & Decker has 57765 employees and is headquartered in United States.
Stanley Black & Decker Inc provides hand tools, power tools and accessories, mechanical access solutions, electronic security and monitoring systems, healthcare solutions, engineered fastening systems and products for various industrial applications.

Free Valuation

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Morgan Stanley (MS:NYS) and Itau Unibanco Holding (ITUB:NYS) Downgraded

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Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
MS Morgan Stanley 6 0 3 0 2 0 3.7273 4.0000 Outperform
ITUB Itau Unibanco Holding SA 1 0 0 0 1 0 3.0000 3.6667 Hold
SCHW Charles Schwab Corp 3 0 4 0 0 0 3.8571 4.0000 Outperform
LYG Lloyds Banking Group PLC 3 0 1 0 0 0 4.5000 4.7500 Outperform
E Eni SpA 2 0 4 0 0 0 3.6667 4.0000 Outperform
ABB ABB Ltd 1 0 2 0 0 0 3.6667 4.0000 Outperform
MTB M&T Bank Corp 1 0 4 1 1 0 2.8571 3.1667 Hold
BSMX Banco Santander Mexico SA 0 0 0 0 1 0 1.0000 2.0000 Sell
HSY The Hershey Co 2 1 4 0 1 0 3.3750 3.6250 Hold
BCH Banco De Chile 0 0 1 0 1 0 2.0000 2.3333 Underperform
RSPP RSP Permian Inc 3 0 5 0 0 0 3.7500 3.8750 Outperform
KGC Kinross Gold Corp 4 3 7 0 1 0 3.6000 3.7333 Outperform
QD Qudian Inc 2 0 1 0 0 0 4.3333 5.0000 Outperform
YRD Yirendai Ltd 1 0 1 0 0 0 4.0000 5.0000 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
FM First Quantum Minerals Ltd 5 5 5 0 0 0 4.0000 4.1333 Outperform
K Kinross Gold Corp 4 3 7 0 1 0 3.6000 3.7333 Outperform
WJA Westjet Airlines Ltd 0 2 11 0 0 0 3.1538 3.3077 Hold
MTY MTY Food Group Inc 1 0 4 0 0 0 3.4000 3.8000 Hold
HCG Home Capital Group Inc 1 2 7 0 0 0 3.4000 3.4444 Hold
HNL Horizon North Logistics Inc 5 1 2 0 1 0 4.0000 4.2222 Outperform
American Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
UFAB Unique Fabricating Inc 1 1 0 0 0 0 4.5000 5.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
NDAQ Nasdaq Inc 3 0 2 0 0 0 4.2000 4.5000 Outperform
CBOE Cboe Global Markets Inc 2 0 2 0 0 0 4.0000 4.3333 Outperform
AVXS AveXis Inc 2 0 3 0 0 0 3.8000 4.3333 Outperform
VTVT vTv Therapeutics Inc 0 0 2 0 0 0 3.0000 5.0000 Hold

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

MS:NYS Morgan Stanley

http://www.morganstanley.com
Morgan Stanley has 57633 employees and is headquartered in United States.
Morgan Stanley is a global investment bank. The company has institutional securities, wealth-management, and asset-management segments.

ITUB:NYS Itau Unibanco Holding

http://www.itau.com.br
Itau Unibanco Holding has 96326 employees and is headquartered in Brazil.
Itau Unibanco Holding SA operates through banks. Its services comprise of investment banking, credit card, financing, leasing, and foreign trade financing.

Free Valuation

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Philip Morris Intl (PM:NYS) and McDonald’s (MCD:NYS) Upgraded

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Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
PM Philip Morris International Inc 2 0 4 0 0 0 3.6667 3.4000 Outperform
MCD McDonald’s Corp 6 1 4 0 0 0 4.1818 4.0909 Outperform
GS Goldman Sachs Group Inc 4 0 6 0 1 0 3.5455 3.4000 Outperform
BBDO Bank Bradesco SA 1 0 0 1 0 0 3.5000 3.3333 Hold
BBD Bank Bradesco SA 1 0 0 1 0 0 3.5000 3.3333 Hold
ENB Enbridge Inc 8 4 1 0 0 0 4.5385 4.5000 Buy
BSBR Banco Santander (Brasil) SA 1 0 0 0 0 0 5.0000 4.0000 Buy
ICE Intercontinental Exchange Inc 5 0 1 0 0 0 4.6667 4.6000 Buy
TRP TransCanada Corp 5 4 2 0 0 0 4.2727 4.2000 Outperform
SYF Synchrony Financial 4 1 1 0 1 0 4.0000 3.8571 Outperform
QSR Restaurant Brands International Inc 7 4 1 0 0 0 4.5000 4.4167 Outperform
RJF Raymond James Financial Inc 0 0 2 0 1 0 2.3333 2.0000 Underperform
AUY Yamana Gold Inc 4 2 8 0 0 0 3.7143 3.5714 Outperform
PAY VeriFone Systems Inc 0 1 3 0 0 0 3.2500 3.0000 Hold
CVRR CVR Refining LP 0 0 1 0 1 0 2.0000 1.0000 Underperform
BLX Banco Latinoamericano de Comercio Exterior SA 1 0 0 0 0 0 5.0000 4.0000 Buy
EXK Endeavour Silver Corp 1 1 3 0 1 0 3.1667 3.1429 Hold
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
ENB Enbridge Inc 8 4 1 0 0 0 4.5385 4.5000 Buy
TRP TransCanada Corp 5 4 2 0 0 0 4.2727 4.2000 Outperform
QSR Restaurant Brands International Inc 7 4 1 0 0 0 4.5000 4.4167 Outperform
PBH Premium Brands Holdings Corp 4 2 2 0 0 0 4.2500 4.2000 Outperform
YRI Yamana Gold Inc 4 2 8 0 0 0 3.7143 3.5714 Outperform
CG Centerra Gold Inc 3 2 4 0 0 0 3.8889 3.6667 Outperform
FN First National Financial Corp 0 0 4 0 2 0 2.3333 2.2000 Underperform
IIP.UN InterRent Real Estate Investment Trust 5 5 1 0 0 0 4.3636 4.3000 Outperform
EQB Equitable Group Inc 3 3 3 0 0 0 4.0000 3.8750 Outperform
EDR Endeavour Silver Corp 1 1 3 0 1 0 3.1667 3.1429 Hold
TKO Taseko Mines Ltd 1 0 6 0 0 0 3.2857 3.0000 Hold
CMMC Copper Mountain Mining Corp 2 3 3 0 0 0 3.8750 3.6250 Outperform
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
AGB Atlantic Gold Corp 5 3 1 0 0 0 4.4444 4.3333 Outperform
SRG SRG Graphite Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
American Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TGB Taseko Mines Ltd 1 0 6 0 0 0 3.2857 3.0000 Hold
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
JD JD.com Inc 2 0 2 0 0 0 4.0000 3.7500 Outperform
CME CME Group Inc 5 0 0 1 0 0 4.5000 4.4000 Outperform
AMTD TD Ameritrade Holding Corp 3 0 2 0 1 0 3.6667 3.4000 Outperform
ZS Zscaler Inc 0 0 1 0 0 0 3.0000 0.0000 Hold
FRTA Forterra Inc 1 0 1 0 0 0 4.0000 3.6667 Outperform
SYRS Syros Pharmaceuticals Inc 1 0 1 0 0 0 4.0000 3.6667 Outperform

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

PM:NYS Philip Morris Intl

http://www.pmi.com
Philip Morris Intl has 80600 employees and is headquartered in United States.
Philip Morris International Inc is a holding company. It manufactures and sells cigarettes and other tobacco products in markets outside the United States of America.

MCD:NYS McDonald’s

http://www.aboutmcdonalds.com
McDonald’s has 235000 employees and is headquartered in United States.
McDonald’s Corp operates a chain of restaurants with over 30,000 restaurants in more than 100 countries. It also receives franchise royalties, and licensing pacts. The company offers a uniform value-priced menu with special additions based on regions.

Free Valuation

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

GrowMax Resources (BOE:TSX) and GobiMin (GMN:TSX) Trading at Less than Cash Value

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Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on TSX

Today’s data is for companies listed on the TSX Venture Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
BOE GrowMax Resources Corp 0.100000 213925645 None 0.2754 0.18 0.26
GMN GobiMin Inc 0.400000 50005482 None 0.2028 0.48 0.46
CLH Coral Gold Resources Ltd 0.385000 47315337 4.2778 0.8280 0.40 0.03
TLG Troilus Gold Corp 1.500000 10377655 None 0.8685 1.73 0.05
BAT Batero Gold Corp 0.080000 115182383 None 0.4584 0.09 None
NIR Noble Iron Inc 0.310000 27417479 None 0.6919 0.43 0.42
GRC Grenville Strategic Royalty Corp 0.070000 106317656 None 0.3359 0.07 -0.08
EUO Eurocontrol Technics Group Inc 0.070000 91750238 None 0.4401 0.09 0.02
ACE.H ACE Aviation Holdings Inc 0.175000 32475000 None None 0.35 2.19
CXA.H Consolidated HCI Holdings Corp 0.245000 20575866 8.1667 0.8487 0.32 0.38
CEP Cliffside Capital Ltd 0.085000 55550000 None 1.0802 0.09 -0.78
CZQ.H Continental Precious Minerals Inc 0.350000 11706896 67.2689 0.7209 0.48 None
NOL.H Knol Resources Corp 0.070000 55696470 None 1.0545 0.07 1.43
RRR.UN R&R Real Estate Investment Trust 0.100000 31804795 None 0.6069 0.23 0.07
FRK Front Range Resources Ltd 0.050000 54855063 None 0.2470 0.07 None
CBV Cobra Venture Corp 0.110000 15903748 None 0.5192 0.14 -0.01
RUN Running Fox Resource Corp 0.025000 54770548 None 0.8078 0.03 0.01
POC Pacific Iron Ore Corp 0.125000 6737858 None 0.3233 0.14 0.13
KHA.H Knighthawk Inc 0.055000 11849853 None 0.8180 0.08 0.11
PPV.H P&P Ventures Inc 0.040000 4939997 None 0.4857 0.08 -0.05
TVR.H Tri-River Ventures Inc 0.035000 26695431 None None 0.04 0.09
AVT Alloycorp Mining Inc 0.045000 74009171 None None 0.06 -2.12
SDV.H Sumtra Diversified Inc 0.040000 6237400 None None 0.04 None
MVM MillenMin Ventures Inc 0.050000 42100000 None None 0.06 None
BCO.H British Controlled Oilfields Ltd 0.650000 4068563 None None 0.85 None

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

BOE:TSX GrowMax Resources

http://www.growmaxcorp.com
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp operates as a phosphate and potash mining company in Peru. It is involved in the exploration and development of phosphate and potassium-rich brine resources, and other minerals, as well as development of fertilizer projects.

GMN:TSX GobiMin

http://www.gobimin.com
GobiMin has None employees and is headquartered in Canada.
GobiMin Inc together with its subsidiaries is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of the People’s Republic of China.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Uranium Participation (U:TSE) Fundamental Valuation Report


This Report was generated using the tools available on StockCalc.com. Patchell Brook Equity Analytics Inc. emphasizes that the user assumes all risks associated with the use of this report or the Stockcalc website including, but not limited to, all terms and conditions mentioned in the legal disclaimer.
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Uranium Participation $3.85 (CAD) Close Price as of 11/04/2018

Based on the analysis conducted in this report, Uranium Participation, (U:TSE) is found to be  Undervalued.

Company Uranium Participation
Symbol:Exchange U:TSE
Industry Basic Materials:Industrial Metals & Minerals
Close Price/Date $3.85 (CAD) 11/04/2018
Weighted Average Valuation $4.17 (CAD)
Summary U:TSE is found to be  Undervalued by 8.4% using the 2 valuation models shown below.
Valuation Models Used Analyst Consensus: $4.42 (CAD)
(in order of importance) Adjusted Book Value: $3.81 (CAD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Fairly valued on an Asset Valuation basis

Valuation Details

Uranium Participation Valuations

Summary chart

 We have up to 6 valuation points for each company. Details are at the bottom of the report.

Discounted Cash Flow and Sensitivity Analysis for U:TSE

Using a discounted cash flow model generates a negative intrinsic value due to one of 1) zero or negative projected cash flows 2) excessive capital expenditures or 3) excessive debt to calculated equity value for U:TSE. We have not shown the calculated value here for that reason.

Sensitivity Analysis

(showing how changes in the input variables impact the DCF calculation)

* Changes are absolute: ex WACC from 8% to 7%

Comparables Model

Using similar companies and price based ratios we generated a valuation of $4.07 (CAD) for U:TSE. We also generated a valuation of $5.84 (CAD) using other metrics and comparables.
The comparable companies were Altius Minerals (ALS:TSE), Lucara Diamond (LUC:TSE), NexGen Energy (NXE:ASE), Sierra Metals (SMT:TSE) and Trevali Mining (TV:TSE)

Company U:TSE End Date Value
Cash/Share $0.00 (CAD)
Book Value/Share $3.50 (CAD)
MarketCap 513,901,006
1 Year Return -0.079
NetPPE 0
Price Based on Comps Adjustment Factor (%)
$0.00 (CAD) 0
$7.78 (CAD) 0
$5.84 (CAD) 0
$3.89 (CAD) 0
$0.00 (CAD) 0
Ratios Used Average Values ALS:TSE LUC:TSE NXE:ASE SMT:TSE TV:TSE
Cash / Share 0.36 0.80 0.16 0.52 0.15 0.18
Book Value / Share 2.02 7.01 0.76 0.28 1.25 0.80
Market Cap 748,428,311 532,091,025 999,814,654 746,471,325 517,265,560 946,498,991
1 Year Return -0.07 0.16 -0.36 -0.21 -0.04 0.10
Net PPE 333,765,126 164,141,000 258,135,000 157,395,629 266,240,000 822,914,000

Multiples

Using a multiples approach we generated a valuation of  $2.92 (CAD) for U:TSE

Company U:TSE End Date Value
Earnings/Share $0.49 (CAD)
Book Value/Share $3.50 (CAD)
Sales/Share ($0.26) (CAD)
Cash Flow/Share ($0.04) (CAD)
EBITDA/Share ($0.03) (CAD)
Price Based on Comps Adjustment Factor
$2.47 (CAD) 0
$3.37 (CAD) 0
$0.00 (CAD) 0
$0.00 (CAD) 0
$0.00 (CAD) 0
Ratios Ratio Average
PE Ratio 5.05
PB Ratio 0.96
PS Ratio 7.83
PCF Ratio 0.00
EV to EBITDA 3.37

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  U:TSE for the last 10 years was  0.96

We ran the Adjusted Book Value for  U:TSE and generated a book value of  $3.97 (CAD)
By multiplying these we get an adjusted valuation of  $3.81 (CAD)

Analyst Data

In the Stockcalc database there are 3 analysts that provide a valuation for U:TSE. The 3 analysts have a concensus valuation for U:TSE for 2019 of $4.42 (CAD).

Company Overview (U:TSE CAD)

Price 3.85
Range 3.85 – 3.91
52 week 3.49 – 4.63
Open 3.88
Vol / Avg. 91280/352154
Mkt cap 509.93M
P/E 0.00
Div/yield 0.00/0.00
EPS -1.75
Shares 132.45M
Beta 0.63
Summary chart

Detailed Company Description

Uranium Participation Corp along with its subsidiaries is an investment company investing in uranium oxide in concentrates and uranium hexafluoride to achieve appreciation in the value of uranium.

Explanation of Valuation Models

We have up to 6 valuation points for each company in the database.

The Discounted Cash Flow (DCF) valuation is a cash flow model where cash flow projections are discounted back to the present to calculate value per share. DCF is a common valuation technique especially for companies undergoing irregular cash flows such as resource companies (mining, forestry, oil and gas) going though price cycles or smaller companies about to generate cash flow (junior exploration companies, junior pharma, technology firms…).

The Price Comparables valuation is the result of valuing the company we are looking at on the basis of ratios from selected comparable companies: Price to Earnings, Price to Book, Price to Sales, Price to Cash Flow, Enterprise Value (EV) to EBITDA. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

We have included the Other Comparables as a way to value companies that cannot be valued using Earnings based ratios. This technique is very useful for companies still experiencing negative cash flows such as mining exploration firms. We use Cash/Share, Book Value/Share, MarketCap, 1 Year Return, NetPPE as the ratios here. Each of these ratios for the selected comparable companies are averaged and multiplied by the values for the company we are interested in to calculate a value per share for our selected company.

Multiples are similar to Price comparables where we look at current or historic ratios for the company in question to assess what it should be worth today based on those historic ratios. We use the same 5 ratios as in the price comparables and value the company with its historic averages.

With Adjusted Book Value (ABV) we calculate the book value per share for the company based on its balance sheet and multiply that book value per share by its historical price to book ratio to calculate a value per share.

If we have Analyst coverage for the company we use the consensus target price here.

Notice to User


The contents of this report and the Stockcalc website are provided on an ‘‘as is’’ or ‘‘as available’’ basis with all faults and may not be current in all cases. The information in this report or on the website is subject to continuous change and Patchell Brook Equity Analytics Inc. assumes no responsibility to update or amend such information or that the information will be current. Patchell Brook Equity Analytics Inc. does not claim that all information, calculations or opinions presented in this report or on its website are true, reliable, or complete. Accordingly, you should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment or other decision. Any information, data, opinions, calculations or recommendations provided by third parties through links to other websites or otherwise made available through this report or website are solely those of the third party and not of Patchell Brook Equity Analytics Inc. Please refer to the Terms of Use on www.stockcalc.com for further information.
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Netflix (NFLX:NAS) and Dropbox (DBX:NAS) Are Fully Valued

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I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Fully Valued Stocks on NASDAQ

Today we are looking at companies that are considered fully valued based on the Analyst data in the StockCalc database.

In this table we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on NASDAQ

Today’s data is for companies listed on the NASDAQ.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
NFLX Netflix Inc 2018 288.850000 272.7500 USD 12
DBX Dropbox Inc 2018 30.240000 22.0000 USD 1
CINF Cincinnati Financial Corp 2018 73.000000 66.0000 USD 1
DISCB Discovery Inc 2018 34.500000 27.0000 USD 7
IEP Icahn Enterprises LP 2018 60.050000 45.0000 USD 1
MKTX MarketAxess Holdings Inc 2018 206.680000 190.0000 USD 1
CACC Credit Acceptance Corp 2018 316.260000 272.5000 USD 2
AZPN Aspen Technology Inc 2018 79.230000 73.0000 USD 1
UBNT Ubiquiti Networks Inc 2018 70.320000 55.0000 USD 1
CMPR Cimpress NV 2019 150.860000 139.5000 USD 2
CREE Cree Inc 2019 40.420000 33.0000 USD 2
WIX Wix.com Ltd 2018 81.900000 74.0000 USD 2
KLXI KLX Inc 2019 69.690000 55.0000 USD 1
BCPC Balchem Corp 2018 84.060000 60.0000 USD 1
SFLY Shutterfly Inc 2018 80.030000 73.0000 USD 1
MANT Mantech International Corp 2018 57.020000 47.0000 USD 1
NAVG Navigators Group Inc 2018 57.000000 45.0000 USD 1
SYNA Synaptics Inc 2019 42.950000 36.0000 USD 1
MNTA Momenta Pharmaceuticals Inc 2018 17.500000 10.0000 USD 1
WING Wingstop Inc 2018 47.760000 40.0000 USD 1
SNBR Sleep Number Corp 2018 34.880000 27.0000 USD 1
ATRI Atrion Corp 2018 602.000000 300.0000 USD 1
SPSC SPS Commerce Inc 2018 64.400000 54.2500 USD 4
CTWS Connecticut Water Service Inc 2018 62.440000 57.0000 USD 1
AMNB American National Bankshares Inc 2018 37.500000 10.0000 USD 1

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

NFLX:NAS Netflix

http://www.netflix.com
Netflix has 5500 employees and is headquartered in United States.
Netflix Inc provides multimedia content through the internet. It provides a subscription based platform for television shows, movies and original series.

DBX:NAS Dropbox

https://www.dropbox.com
Dropbox has 1858 employees and is headquartered in United States.
Dropbox Inc offers security software. It is a collaboration platform where more and more of the content is created, accessed, and shared with the world.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Alphabet (GOOG:NAS) and Booking Holdings (BKNG:NAS) Are Undervalued

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Have a free look inside the StockCalc website at www.stockcalc.com



I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Undervalued Stocks on NASDAQ

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on NASDAQ

Today’s data is for companies listed on the NASDAQ.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
GOOG Alphabet Inc 2018 1007.040000 1263.1820 USD 11
GOOGL Alphabet Inc 2018 1009.950000 1263.1820 USD 11
AMZN Amazon.com Inc 2018 1405.230000 1710.3640 USD 11
BKNG Booking Holdings Inc 2018 2033.410000 2237.0000 USD 5
AVGO Broadcom Inc 2018 228.870000 330.5000 USD 10
CHTR Charter Communications Inc 2018 310.670000 447.6000 USD 5
BIIB Biogen Inc 2018 257.650000 353.6667 USD 9
SHPG Shire PLC 2018 156.740000 220.2557 USD 5
REGN Regeneron Pharmaceuticals Inc 2018 319.610000 408.5714 USD 7
LRCX Lam Research Corp 2019 190.650000 260.7143 USD 7
EQIX Equinix Inc 2018 407.040000 523.8000 USD 5
ALGN Align Technology Inc 2018 245.230000 312.5000 USD 2
ALNY Alnylam Pharmaceuticals Inc 2018 95.080000 155.6667 USD 3
SAGE Sage Therapeutics Inc 2018 141.320000 245.0000 USD 2
SINA SINA Corp 2018 96.680000 174.0000 USD 1
OLED Universal Display Corp 2018 98.300000 171.6667 USD 3
COHR Coherent Inc 2018 175.040000 308.0000 USD 3
TSRO Tesaro Inc 2018 54.700000 113.8000 USD 5
AMWD American Woodmark Corp 2019 98.900000 156.0000 USD 1
MDGL Madrigal Pharmaceuticals Inc 2018 101.550000 180.3333 USD 3
OSTK Overstock.com Inc 2018 35.850000 100.0000 USD 1
ADMS Adamas Pharmaceuticals Inc 2018 22.940000 85.0000 USD 1
ALBO Albireo Pharma Inc 2018 31.770000 92.0000 USD 1
RTTR Ritter Pharmaceuticals Inc 2018 2.480000 83.7500 USD 2
CHEK Check-Cap Ltd 2018 3.590000 72.0003 USD 1

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

GOOG:NAS Alphabet

https://www.abc.xyz
Alphabet has 80110 employees and is headquartered in United States.
Alphabet Inc is a provider of internet content products and portals. Its suite of brands includes Search, Android, YouTube, Apps, Maps & Ads.

BKNG:NAS Booking Holdings

http://www.bookingholdings.com
Booking Holdings has 22900 employees and is headquartered in United States.
Booking Holdings Inc is an online travel agency. The firm through its branded sites offer booking services for hotel rooms, airline tickets, rental restaurant reservations, cruises, and other vacation packages.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.