McCormick & Co (MKC:NYS) 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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

McCormick & Co $99.13 (USD) Close Price as of 22/01/2018

Based on the analysis conducted in this report, McCormick & Co, (MKC:NYS) is found to be  Fairly valued to slightly Undervalued.

Company McCormick & Co
Symbol:Exchange MKC:NYS
Industry Consumer Defensive:Packaged Foods
Close Price/Date $99.13 (USD) 22/01/2018
Weighted Average Valuation $102.39 (USD)
Summary MKC:NYS is found to be  Fairly valued to slightly Undervalued by 3.3% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $98.00 (USD)
(in order of importance) Discounted Cash Flow: $116.09 (USD)
Comparables: $88.14 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Undervalued on a Cash Flow Valuation basis
Comparable Company Basis: Overvalued on a Comparable Valuation basis
Asset Basis: Overvalued on an Asset Valuation basis

Valuation Details

McCormick & Co 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 MKC:NYS

Using a discounted cash flow model we generated an intrinsic value of $116.09 (USD) for MKC:NYS

Sensitivity Analysis

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

MKC:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $116.09 1% 5% 1% 5%
WACC (or Ke) 5.46 $148.97 $94.25
Terminal Growth Rate 0.50 $96.22 $146.00
Tax Rate 0.26 $124.95 $107.24
Cash Flow 1,185,096,000 $109.55 $122.64
Capital Expenditures 1,400,000 $116.10 $116.09
Long Term Debt 1,617,800,000 $116.71 $115.48

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $88.14 (USD) for MKC:NYS. We also generated a valuation of $86.52 (USD) using other metrics and comparables.
The comparable companies were General Mills (GIS:NYS), Lancaster Colony (LANC:NAS), Snyder’s-Lance (LNCE:NAS), Pinnacle Foods (PF:NYS) and JM Smucker (SJM:NYS)

Company MKC:NYS End Date Value
Earnings/Share $3.60 (USD)
Book Value/Share $19.25 (USD)
Sales/Share $35.92 (USD)
Cash Flow/Share $5.02 (USD)
EBITDA/Share $0.00 (USD)
Price Based on Comps Adjustment Factor (%)
$108.36 (USD) -33.3
$86.56 (USD) -7.3
$83.82 (USD) 87.6
$89.86 (USD) -52.4
$0.00 (USD) 41.2
MKC:NYS Ratios Used Average Values GIS:NYS LANC:NAS LNCE:NAS PF:NYS SJM:NYS
29.80 PE Ratio 30.10 21.89 31.97 0.00 40.81 25.73
5.15 PB Ratio 4.50 8.04 6.02 2.69 3.68 2.06
2.76 PS Ratio 2.33 2.25 2.94 2.17 2.33 1.98
19.75 PCF Ratio 17.90 12.52 25.80 21.18 17.03 12.99
23.96 EV to EBITDA 21.45 13.77 17.54 44.04 18.09 13.81

Multiples

Using a multiples approach we generated a valuation of  $106.99 (USD) for MKC:NYS

Company MKC:NYS End Date Value
Earnings/Share $3.60 (USD)
Book Value/Share $19.25 (USD)
Sales/Share $35.92 (USD)
Cash Flow/Share $5.02 (USD)
EBITDA/Share $5.92 (USD)
Price Based on Comps Adjustment Factor
$103.27 (USD) 0
$124.75 (USD) 0
$96.99 (USD) 0
$100.40 (USD) 0
$109.53 (USD) 0
Ratios Ratio Average
PE Ratio 28.69
PB Ratio 6.48
PS Ratio 2.70
PCF Ratio 20.00
EV to EBITDA 18.49

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  MKC:NYS for the last 10 years was  6.26

We ran the Adjusted Book Value for  MKC:NYS and generated a book value of  $12.98 (USD)
By multiplying these we get an adjusted valuation of  $81.26 (USD)

Analyst Data

In the Stockcalc database there are 4 analysts that provide a valuation for MKC:NYS. The 4 analysts have a concensus valuation for MKC:NYS for 2018 of $98.00 (USD).

MKC:NYS McCormick & Co

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
0 3 2 2.2000 Underperform 2018-1-19

Current Price: not available

Analyst Consensus
USD Millions 2017 2018 2019
Mean EPS 4.23 4.66 4.89
# EPS Analysts 5 4 2
Mean Revenue 4,823.50 5,341.90 5,523.90
# Revenue Analysts 3 3 2
Mean Target Price 98.00
Mean Cash Flow 7.97 5.86 6.84
Mean EBITDA 894.30 1,070.30 1,179.20
Mean Net Income 544.00 619.90 680.40
Mean Debt Outstanding 1,202.60 1,415.80 1,599.00
Mean Tax Rate 26.60 22.50 22.50
Mean Growth Rate 9.71
Mean Capital Expenditure 180.50 177.80 178.90

Company Overview (MKC:NYS USD)

Price 95.13
Range 94.79 – 95.61
52 week 92.07 – 105.92
Open 95.11
Vol / Avg. 806131/531446
Mkt cap 12.46B
P/E 27.34
Div/yield 1.88/0.02
EPS 0.85
Shares 131M
Beta 0.44
Summary chart

Detailed Company Description

McCormick & Co Inc acts as a manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. It serves its products to quick-service restaurants, retail grocery chains, and packaged food processors.

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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Lennar (LEN:NYS) 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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Lennar $71.73 (USD) Close Price as of 22/01/2018

Based on the analysis conducted in this report, Lennar, (LEN:NYS) is found to be  Overvalued.

Company Lennar
Symbol:Exchange LEN:NYS
Industry Consumer Cyclical:Residential Construction
Close Price/Date $71.73 (USD) 22/01/2018
Weighted Average Valuation $65.28 (USD)
Summary LEN:NYS is found to be  Overvalued by 9.0% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $70.59 (USD)
(in order of importance) Discounted Cash Flow: $61.27 (USD)
Comparables: $57.34 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Overvalued on a Comparable Valuation basis
Asset Basis: Overvalued on an Asset Valuation basis

Valuation Details

Lennar 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 LEN:NYS

Using a discounted cash flow model we generated an intrinsic value of $61.27 (USD) for LEN:NYS

Sensitivity Analysis

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

LEN:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $61.27 1% 5% 1% 5%
WACC (or Ke) 7.44 $84.92 $45.49
Terminal Growth Rate 2.40 $46.20 $83.81
Tax Rate 0.31 $74.15 $48.40
Cash Flow 3,439,411,200 $52.57 $69.98
Capital Expenditures 67,520,000 $61.45 $61.10
Long Term Debt 6,410,336,000 $62.61 $59.94

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $57.34 (USD) for LEN:NYS. We also generated a valuation of $117.28 (USD) using other metrics and comparables.
The comparable companies were CalAtlantic Group (CAA:NYS), KB Home (KBH:NYS), NVR (NVR:NYS), Taylor Morrison Home (TMHC:NYS) and TRI Pointe Group (TPH:NYS)

Company LEN:NYS End Date Value
Earnings/Share $3.38 (USD)
Book Value/Share $31.48 (USD)
Sales/Share $51.64 (USD)
Cash Flow/Share $3.54 (USD)
EBITDA/Share $0.00 (USD)
Price Based on Comps Adjustment Factor (%)
$69.87 (USD) -36.4
$98.43 (USD) -7.4
$68.61 (USD) 11.8
$49.81 (USD) -65.7
$0.00 (USD) 0.0
LEN:NYS Ratios Used Average Values CAA:NYS KBH:NYS NVR:NYS TMHC:NYS TPH:NYS
21.08 PE Ratio 20.67 18.93 25.01 26.93 15.20 17.28
2.28 PB Ratio 3.13 1.73 1.82 8.28 2.27 1.54
1.39 PS Ratio 1.33 1.31 0.82 2.43 0.89 1.20
20.27 PCF Ratio 77.88 269.27 8.62 24.34 9.27 0.00
11.21 EV to EBITDA 17.15 16.16 24.68 15.84 13.19 15.88

Multiples

Using a multiples approach we generated a valuation of  $62.79 (USD) for LEN:NYS

Company LEN:NYS End Date Value
Earnings/Share $3.38 (USD)
Book Value/Share $31.48 (USD)
Sales/Share $51.64 (USD)
Cash Flow/Share $3.54 (USD)
EBITDA/Share $5.84 (USD)
Price Based on Comps Adjustment Factor
$50.87 (USD) 0
$56.45 (USD) 0
$59.48 (USD) 0
$70.19 (USD) 0
$76.94 (USD) 0
Ratios Ratio Average
PE Ratio 15.05
PB Ratio 1.79
PS Ratio 1.15
PCF Ratio 19.83
EV to EBITDA 13.17

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  LEN:NYS for the last 10 years was  1.77

We ran the Adjusted Book Value for  LEN:NYS and generated a book value of  $29.38 (USD)
By multiplying these we get an adjusted valuation of  $52.08 (USD)

Analyst Data

In the Stockcalc database there are 5 analysts that provide a valuation for LEN:NYS. The 5 analysts have a concensus valuation for LEN:NYS for 2018 of $70.59 (USD).

LEN:NYS Lennar

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
3 4 0 3.8571 Outperform 2018-1-19

Current Price: not available

Analyst Consensus
USD Millions 2017 2018 2019
Mean EPS 3.94 5.08 6.41
# EPS Analysts 6 6 3
Mean Revenue 12,517.90 15,687.90 20,916.00
# Revenue Analysts 5 5 2
Mean Target Price 70.59
Mean Cash Flow 3.76 3.57 8.69
Mean EBITDA 1,409.60 2,129.10 3,358.80
Mean Net Income 871.40 1,401.70 2,594.60
Mean Debt Outstanding -6,189.00 -10,678.00 -10,160.20
Mean Tax Rate 34.00 34.00 34.00
Mean Growth Rate 20.16
Mean Capital Expenditure 87.60 78.40 59.90

Company Overview (LEN:NYS USD)

Price 50.75
Range 49.81 – 50.79
52 week 43.75 – 71.82
Open 49.86
Vol / Avg. 1.57M/3.05M
Mkt cap 12.18B
P/E 15.13
Div/yield 0.16/0.00
EPS 1.04
Shares 239.97M
Beta 1.59
Summary chart

Detailed Company Description

Lennar Corp is a homebuilding service provider. Its operations include the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings.

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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Northrop Grumman (NOC:NYS) 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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Northrop Grumman $315.14 (USD) Close Price as of 22/01/2018

Based on the analysis conducted in this report, Northrop Grumman, (NOC:NYS) is found to be  Overvalued.

Company Northrop Grumman
Symbol:Exchange NOC:NYS
Industry Industrials:Aerospace & Defense
Close Price/Date $315.14 (USD) 22/01/2018
Weighted Average Valuation $294.31 (USD)
Summary NOC:NYS is found to be  Overvalued by 6.6% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $328.50 (USD)
(in order of importance) Discounted Cash Flow: $294.18 (USD)
Comparables: $191.99 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Overvalued on a Comparable Valuation basis
Asset Basis: Overvalued on an Asset Valuation basis

Valuation Details

Northrop Grumman 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 NOC:NYS

Using a discounted cash flow model we generated an intrinsic value of $294.18 (USD) for NOC:NYS

Sensitivity Analysis

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

NOC:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $294.18 1% 5% 1% 5%
WACC (or Ke) 6.75 $378.18 $238.41
Terminal Growth Rate 1.80 $243.30 $370.81
Tax Rate 0.25 $317.65 $270.71
Cash Flow 4,280,486,400 $276.52 $311.84
Capital Expenditures 0 $294.18 $294.18
Long Term Debt 6,387,000,000 $296.02 $292.35

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $191.99 (USD) for NOC:NYS. We also generated a valuation of $307.73 (USD) using other metrics and comparables.
The comparable companies were Rockwell Collins (COL:NYS), General Dynamics (GD:NYS), Lockheed Martin (LMT:NYS), Raytheon (RTN:NYS) and United Technologies (UTX:NYS)

Company NOC:NYS End Date Value
Earnings/Share $13.42 (USD)
Book Value/Share $37.30 (USD)
Sales/Share $145.20 (USD)
Cash Flow/Share $14.41 (USD)
EBITDA/Share $0.00 (USD)
Price Based on Comps Adjustment Factor (%)
$329.10 (USD) -46.4
$469.26 (USD) -37.9
$322.55 (USD) -20.5
$299.41 (USD) -85.3
$0.00 (USD) -16.5
NOC:NYS Ratios Used Average Values COL:NYS GD:NYS LMT:NYS RTN:NYS UTX:NYS
23.48 PE Ratio 24.52 28.67 19.68 26.68 26.68 20.90
8.45 PB Ratio 12.58 3.72 5.38 44.96 5.23 3.61
2.17 PS Ratio 2.22 2.96 2.05 1.94 2.32 1.84
21.87 PCF Ratio 20.78 16.00 23.55 16.88 25.39 22.08
15.30 EV to EBITDA 15.11 19.15 13.00 15.80 15.65 11.97

Multiples

Using a multiples approach we generated a valuation of  $237.06 (USD) for NOC:NYS

Company NOC:NYS End Date Value
Earnings/Share $13.42 (USD)
Book Value/Share $37.30 (USD)
Sales/Share $145.20 (USD)
Cash Flow/Share $14.41 (USD)
EBITDA/Share $20.90 (USD)
Price Based on Comps Adjustment Factor
$251.09 (USD) 0
$233.79 (USD) 0
$235.44 (USD) 0
$220.84 (USD) 0
$244.16 (USD) 0
Ratios Ratio Average
PE Ratio 18.71
PB Ratio 6.27
PS Ratio 1.62
PCF Ratio 15.33
EV to EBITDA 11.68

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  NOC:NYS for the last 10 years was  6.20

We ran the Adjusted Book Value for  NOC:NYS and generated a book value of  $30.04 (USD)
By multiplying these we get an adjusted valuation of  $186.34 (USD)

Analyst Data

In the Stockcalc database there are 4 analysts that provide a valuation for NOC:NYS. The 4 analysts have a concensus valuation for NOC:NYS for 2018 of $328.50 (USD).

NOC:NYS Northrop Grumman

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
3 2 0 3.8333 Outperform 2018-1-19

Current Price: not available

Analyst Consensus
USD Millions 2017 2018 2019
Mean EPS 12.26 13.63 15.62
# EPS Analysts 6 6 2
Mean Revenue 25,532.10 28,074.50 30,976.30
# Revenue Analysts 4 4 2
Mean Target Price 328.50
Mean Cash Flow 15.65 17.42 19.44
Mean EBITDA 3,818.30 4,120.50 4,204.80
Mean Net Income 2,277.60 2,246.50 2,602.10
Mean Debt Outstanding -3,624.00 -3,487.60 -3,427.60
Mean Tax Rate 24.45 29.25 29.50
Mean Growth Rate 5.80
Mean Capital Expenditure 890.10 889.40 571.50

Company Overview (NOC:NYS USD)

Price 256.71
Range 255.57 – 257.77
52 week 226.96 – 317.51
Open 255.77
Vol / Avg. 581416/899054
Mkt cap 44.71B
P/E 20.07
Div/yield 4.00/0.01
EPS 3.15
Shares 174.15M
Beta 1.03
Summary chart

Detailed Company Description

Northrop Grumman Corp offers portfolio of capabilities and technologies to deliver products, systems and solutions for applications to government and commercial customers. It provides products, systems and solutions in autonomous systems.

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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Netflix (NFLX: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.
To access all of the tools on Stockcalc, including more detailed valuation reports and the models used to generate these valuations, please subscribe for a free 30 day trial of Stockcalc here.

Netflix $227.58 (USD) Close Price as of 22/01/2018

Based on the analysis conducted in this report, Netflix, (NFLX:NAS) is found to be  Overvalued.

Company Netflix
Symbol:Exchange NFLX:NAS
Industry Consumer Cyclical:Media-Diversified
Close Price/Date $227.58 (USD) 22/01/2018
Weighted Average Valuation $181.23 (USD)
Summary NFLX:NAS is found to be  Overvalued by 20.4% using the 2 valuation models shown below.
Valuation Models Used Analyst Consensus: $216.54 (USD)
(in order of importance) Adjusted Book Value: $128.26 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Overvalued on a Comparable Valuation basis
Asset Basis: Overvalued on an Asset Valuation basis

Valuation Details

Netflix Valuations