Brady (BRC:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Brady(BRC:NYS)

Industrials:Security & Protection Services

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$40.81 (USD) 30/10/2018

Weighted Valuation
$43.58 (USD)

Overall Rating
Undervalued by 6.8%

Valuation Models Analyst Consensus: $48.00 (USD)
(in order of importance) Adjusted Book Value: $36.52 (USD)
Multiples: $44.44 (USD)
Valuation Methods This company is:
Cash Flow: Overvalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Overvalued on an Asset Valuation

Company Overview (BRC:NYS USD)

Price 40.81
Range 39.60 – 40.99
52 week 35.90 – 46.45
Open 39.61
Vol / Avg. 162085/241312
Mkt cap 2.12B
P/E 23.59
Div/yield 0.83/0.02
EPS 1.73
Shares 52M
Beta 1.15

Company Description

Brady Corp provides identification solutions and workplace safety products. The company offers identification and healthcare products that are sold under the Brady brand to maintenance, repair, and operations as well as original-equipment manufacturing customers. Products include safety signs and labeling systems, material identification systems, wire identification, patient identification, and people identification. Brady also provides workplace safety and compliance products such as safety and compliance signs, asset tracking labels, and first-aid products. The largest end market is the United States.

Valuation Details

 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 BRC:NYS

Using a discounted cash flow model we generated an intrinsic value of $31.13 (USD) for BRC:NYS

Sensitivity Analysis

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

BRC:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $31.13 1% 5% 1% 5%
WACC (or Ke) 9.68 $37.42 $26.47
Terminal Growth Rate 3.00 $27.01 $36.69
Tax Rate 0.27 $33.71 $28.55
Cash Flow 213,509,901 $29.07 $33.18
Capital Expenditures -24,831,000 $30.90 $31.35
Long Term Debt 216,910,000 $31.34 $30.92

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $54.11 (USD) for BRC:NYS. We also generated a valuation of $56.63 (USD) using other metrics and comparables.
The comparable companies were Brink’s (BCO:NYS) and MSA Safety (MSA:NYS).

Company BRC:NYS End Date Value
Earnings/Share $1.73 (USD)
Book Value/Share $14.46 (USD)
Sales/Share $22.35 (USD)
Cash Flow/Share $2.72 (USD)
EBITDA/Share $3.44 (USD)
Price Based on Comps Adjustment Factor (%)
$110.93 (USD) -28.2
$161.42 (USD) -70.6
$46.81 (USD) -9.6
$57.31 (USD) -63.8
$81.04 (USD) 0.0
BRC:NYS Ratios Used Average Values BCO:NYS MSA:NYS
25.29 PE Ratio 64.12 0.00 64.12
3.03 PB Ratio 11.16 15.83 6.50
1.96 PS Ratio 2.09 1.03 3.16
16.06 PCF Ratio 21.41 15.20 27.62
11.88 EV to EBITDA 23.56 16.72 30.41

Multiples

Using a multiples approach we generated a valuation of  $44.44 (USD) for BRC:NYS

Company BRC:NYS End Date Value
Earnings/Share $1.73 (USD)
Book Value/Share $14.46 (USD)
Sales/Share $22.35 (USD)
Cash Flow/Share $2.72 (USD)
EBITDA/Share $3.44 (USD)
Price Based on Comps Adjustment Factor
$70.66 (USD) 0
$37.29 (USD) 0
$32.60 (USD) 0
$37.23 (USD) 0
$0.00 (USD) 0
Ratios Ratio Average
PE Ratio 40.85
PB Ratio 2.58
PS Ratio 1.46
PCF Ratio 13.67
EV to EBITDA 0.00

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  BRC:NYS for the last 10 years was  2.52

We ran the Adjusted Book Value for  BRC:NYS and generated a book value of  $14.48 (USD)
By multiplying these we get an adjusted valuation of  $36.52 (USD)

Analyst Data

In the Stockcalc database there are 1 analysts that provide a valuation for BRC:NYS. The 1 analysts have a concensus valuation for BRC:NYS for 2019 of $48.00 (USD).

BRC:NYS Brady

No analyst recommendation
Current Price: not available

No analyst consensus

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 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.


Guidewire Software (GWRE:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Guidewire Software(GWRE:NYS)

Technology:Software-Infrastructure

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$85.62 (USD) 30/10/2018

Weighted Valuation
$104.25 (USD)

Overall Rating
Undervalued by 21.8%

Valuation Models Analyst Consensus: $111.50 (USD)
(in order of importance) Adjusted Book Value: $101.42 (USD)
Multiples: $88.17 (USD)
Valuation Methods This company is:
Cash Flow: Overvalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (GWRE:NYS USD)

Price 85.62
Range 82.04 – 85.73
52 week 70.45 – 107.31
Open 82.06
Vol / Avg. 1.09M/909266
Mkt cap 6.9B
P/E 0.00
Div/yield 0.00/0.00
EPS -0.25
Shares 80.61M
Beta 1.20

Company Description

Guidewire Software Inc. is a vertical-specific application software vendor providing software product and subscription services to the property and casualty insurance industry. Guidewire InsuranceSuite is composed of Guidewire ClaimCenter, a claims management system; PolicyCenter, a system that digitizes processes around policy definitions, quotas, issuance, maintenance, and renewal; and BillingCenter, which manages billing, payment plans, and agent commissions. Guidewire’s InsuranceNow product is its cloud offering for smaller insurance clients. Guidewire add-on applications include underwriting management, rating management, and reinsurance management. Guidewire reports revenue in three segments: license, maintenance, and services.

Valuation Details

 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 GWRE:NYS

Using a discounted cash flow model we generated an intrinsic value of $31.95 (USD) for GWRE:NYS

Sensitivity Analysis

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

GWRE:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $31.95 1% 5% 1% 5%
WACC (or Ke) 9.04 $38.37 $27.34
Terminal Growth Rate 3.00 $27.85 $37.66
Tax Rate 0.19 $33.75 $30.14
Cash Flow 200,335,000 $30.44 $33.45
Capital Expenditures -6,737,800 $31.90 $31.99
Long Term Debt 0 $31.95 $31.95

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $123.31 (USD) for GWRE:NYS. We also generated a valuation of $138.15 (USD) using other metrics and comparables.
The comparable companies were Fair Isaac (FICO:NYS), j2 Global (JCOM:NAS), New Relic (NEWR:NYS), Nutanix (NTNX:NAS) and Ultimate Software Group (ULTI:NAS).

Company GWRE:NYS End Date Value
Earnings/Share ($0.25) (USD)
Book Value/Share $17.66 (USD)
Sales/Share $8.51 (USD)
Cash Flow/Share $1.81 (USD)
EBITDA/Share $0.54 (USD)
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) 0.0
$295.91 (USD) 8.1
$68.06 (USD) 0.0
$82.03 (USD) 0.0
$23.32 (USD) 0.0
GWRE:NYS Ratios Used Average Values FICO:NYS JCOM:NAS NEWR:NYS NTNX:NAS ULTI:NAS
0.00 PE Ratio 119.02 54.68 31.62 0.00 0.00 270.75
5.72 PB Ratio 16.75 22.61 3.96 17.50 22.60 17.11
11.87 PS Ratio 8.00 7.16 3.48 13.63 6.07 9.67
55.88 PCF Ratio 47.56 33.12 11.24 76.42 75.74 41.26
175.42 EV to EBITDA 43.08 31.74 10.98 0.00 0.00 86.52

Multiples

Using a multiples approach we generated a valuation of  $88.17 (USD) for GWRE:NYS

Company GWRE:NYS End Date Value
Earnings/Share ($0.25) (USD)
Book Value/Share $17.66 (USD)
Sales/Share $8.51 (USD)
Cash Flow/Share $1.81 (USD)
EBITDA/Share $0.54 (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$101.31 (USD) 0
$90.64 (USD) 0
$90.18 (USD) 0
$70.53 (USD) 0
Ratios Ratio Average
PE Ratio 340.15
PB Ratio 5.74
PS Ratio 10.66
PCF Ratio 49.89
EV to EBITDA 130.27

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  GWRE:NYS for the last 6 years was  5.74

We ran the Adjusted Book Value for  GWRE:NYS and generated a book value of  $17.66 (USD)
By multiplying these we get an adjusted valuation of  $101.42 (USD)

Analyst Data

In the Stockcalc database there are 2 analysts that provide a valuation for GWRE:NYS. The 2 analysts have a concensus valuation for GWRE:NYS for 2019 of $111.50 (USD).

GWRE:NYS Guidewire Software

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
1 1 0 4.0000 Outperform 2018-10-29

Current Price: 85.62 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS 1.23 1.53 1.83
# EPS Analysts 3 3 2
Mean Revenue 758.50 894.70 1,021.80
# Revenue Analysts 3 3 2
Mean Target Price 111.50
Mean Cash Flow 1.90 2.36 2.74
Mean EBITDA 74.50 111.50 194.50
Mean Net Income 102.10 129.00 158.10
Mean Debt Outstanding -953.00
Mean Tax Rate 21.00 21.00 21.00
Mean Growth Rate 20.25
Mean Capital Expenditure 9.40 11.50

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 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.


Thor Industries (THO:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Thor Industries(THO:NYS)

Consumer Cyclical:Recreational Vehicles

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$67.55 (USD) 30/10/2018

Weighted Valuation
$114.88 (USD)

Overall Rating
Undervalued by 70.1%

Valuation Models Analyst Consensus: $125.00 (USD)
(in order of importance) Discounted Cash Flow: $99.69 (USD)
Adjusted Book Value: $114.92 (USD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (THO:NYS USD)

Price 67.55
Range 63.99 – 68.17
52 week 64.38 – 157.02
Open 64.38
Vol / Avg. 1.31M/988501
Mkt cap 3.56B
P/E 8.30
Div/yield 1.48/0.02
EPS 8.14
Shares 52.7M
Beta 1.26

Company Description

Thor Industries Inc is an American manufacturer of recreational vehicles through its subsidiaries. The company mainly sells vehicles in the United States and Canada. The company has two reporting segments: towable recreational vehicles and motorized recreational vehicles. The towable recreational vehicle reportable segment consists of the following operating segments: Airstream (towable), Bison, Heartland, CrossRoads, KZ, Keystone, and Livin’ Lite. The motorized recreational vehicle reportable segment consists of the following operating segments: Airstream (motorized) and Thor Motor Coach. The marketing and distribution is done through independent dealers that are generally not financed by the company.

Valuation Details

 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 THO:NYS

Using a discounted cash flow model we generated an intrinsic value of $99.69 (USD) for THO:NYS

Sensitivity Analysis

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

THO:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $99.69 1% 5% 1% 5%
WACC (or Ke) 10.59 $116.07 $87.14
Terminal Growth Rate 3.00 $88.75 $113.95
Tax Rate 0.32 $108.35 $91.03
Cash Flow 806,397,999 $93.43 $105.95
Capital Expenditures -71,989,000 $99.17 $100.22
Long Term Debt 360,000,000 $100.03 $99.35

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $157.73 (USD) for THO:NYS. We also generated a valuation of $119.28 (USD) using other metrics and comparables.
The comparable companies were Camping World Holdings (CWH:NYS), Fox Factory Holding (FOXF:NAS), Harley-Davidson (HOG:NYS), LCI Industries (LCII:NYS) and Polaris Industries (PII:NYS).

Company THO:NYS End Date Value
Earnings/Share $8.14 (USD)
Book Value/Share $36.77 (USD)
Sales/Share $157.59 (USD)
Cash Flow/Share $8.83 (USD)
EBITDA/Share $13.84 (USD)
Price Based on Comps Adjustment Factor (%)
$219.53 (USD) -21.7
$214.20 (USD) -79.2
$271.42 (USD) -37.2
$292.86 (USD) -16.3
$196.95 (USD) -20.5
THO:NYS Ratios Used Average Values CWH:NYS FOXF:NAS HOG:NYS LCII:NYS PII:NYS
10.28 PE Ratio 26.97 33.31 46.70 15.25 14.65 24.93
2.28 PB Ratio 9.93 26.37 9.72 3.49 2.93 7.16
0.53 PS Ratio 1.72 0.16 5.08 1.36 0.87 1.14
9.48 PCF Ratio 33.18 84.77 45.33 6.87 15.37 13.55
5.65 EV to EBITDA 14.23 8.03 30.16 13.57 8.23 11.17

Multiples

Using a multiples approach we generated a valuation of  $125.52 (USD) for THO:NYS

Company THO:NYS End Date Value
Earnings/Share $8.14 (USD)
Book Value/Share $36.77 (USD)
Sales/Share $157.59 (USD)
Cash Flow/Share $8.83 (USD)
EBITDA/Share $13.84 (USD)
Price Based on Comps Adjustment Factor
$129.34 (USD) 0
$117.57 (USD) 0
$129.26 (USD) 0
$125.11 (USD) 0
$126.30 (USD) 0
Ratios Ratio Average
PE Ratio 15.89
PB Ratio 3.20
PS Ratio 0.82
PCF Ratio 14.17
EV to EBITDA 9.13

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  THO:NYS for the last 10 years was  3.13

We ran the Adjusted Book Value for  THO:NYS and generated a book value of  $36.77 (USD)
By multiplying these we get an adjusted valuation of  $114.92 (USD)

Analyst Data

In the Stockcalc database there are 2 analysts that provide a valuation for THO:NYS. The 2 analysts have a concensus valuation for THO:NYS for 2019 of $125.00 (USD).

THO:NYS Thor Industries

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
3 2 0 4.2000 Outperform 2018-10-29

Current Price: 67.55 USD

Analyst Consensus
USD Millions 2019 2020
Mean EPS 8.92 10.09
# EPS Analysts 4 2
Mean Revenue 7,823.80 8,305.30
# Revenue Analysts 1 1
Mean Target Price 125.00
Mean Cash Flow
Mean EBITDA 300.00
Mean Net Income 423.60 507.50
Mean Debt Outstanding
Mean Tax Rate 24.00 24.00
Mean Growth Rate 10.00
Mean Capital Expenditure

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 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.


United Natural Foods (UNFI:NAS) Fundamental Valuation Report

Fundamental Valuation Report

United Natural Foods(UNFI:NAS)

Consumer Defensive:Food Distribution

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$21.85 (USD) 30/10/2018

Weighted Valuation
$37.50 (USD)

Overall Rating
Undervalued by 71.6%

Valuation Models Analyst Consensus: $37.50 (USD)
(in order of importance)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (UNFI:NAS USD)

Price 21.85
Range 21.33 – 22.10
52 week 21.85 – 52.49
Open 21.50
Vol / Avg. 1.88M/1.34M
Mkt cap 1.1B
P/E 6.70
Div/yield 0.00/0.00
EPS 3.26
Shares 50.42M
Beta 1.36

Company Description

United Natural Foods is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company’s products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and food service channels such as e-commerce platforms. The company’s operations are comprised of three principal divisions: the wholesale division; the retail division; and the manufacturing and branded products division.

Valuation Details

 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 UNFI:NAS

Using a discounted cash flow model we generated an intrinsic value of $74.56 (USD) for UNFI:NAS

Sensitivity Analysis

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

UNFI:NAS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $74.56 1% 5% 1% 5%
WACC (or Ke) 8.05 $96.11 $60.13
Terminal Growth Rate 3.00 $61.25 $94.43
Tax Rate 0.22 $81.80 $67.32
Cash Flow 404,596,085 $68.93 $80.18
Capital Expenditures 1,534,000 $74.58 $74.54
Long Term Debt 600,112,000 $75.15 $73.96

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $51.35 (USD) for UNFI:NAS. We also generated a valuation of $40.97 (USD) using other metrics and comparables.
The comparable companies were Core-Mark Holding Co (CORE:NAS) and Performance Food Group (PFGC:NYS).

Company UNFI:NAS End Date Value
Earnings/Share $3.26 (USD)
Book Value/Share $36.61 (USD)
Sales/Share $201.17 (USD)
Cash Flow/Share $2.15 (USD)
EBITDA/Share $6.23 (USD)
Price Based on Comps Adjustment Factor (%)
$104.40 (USD) 11.2
$108.59 (USD) -11.7
$29.52 (USD) 25.3
$14.06 (USD) 0.0
$95.85 (USD) 36.9
UNFI:NAS Ratios Used Average Values CORE:NAS PFGC:NYS
9.19 PE Ratio 32.02 46.52 17.53
0.82 PB Ratio 2.97 2.85 3.09
0.15 PS Ratio 0.15 0.10 0.20
13.91 PCF Ratio 9.82 10.15 9.49
5.83 EV to EBITDA 15.38 18.57 12.18

Multiples

Using a multiples approach we generated a valuation of  $47.94 (USD) for UNFI:NAS

Company UNFI:NAS End Date Value
Earnings/Share $3.26 (USD)
Book Value/Share $36.61 (USD)
Sales/Share $201.17 (USD)
Cash Flow/Share $2.15 (USD)
EBITDA/Share $6.23 (USD)
Price Based on Comps Adjustment Factor
$54.75 (USD) 0
$51.41 (USD) 0
$50.83 (USD) 0
$27.80 (USD) 0
$54.90 (USD) 0
Ratios Ratio Average
PE Ratio 16.79
PB Ratio 1.40
PS Ratio 0.25
PCF Ratio 12.91
EV to EBITDA 8.81

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  UNFI:NAS for the last 10 years was  1.43

We ran the Adjusted Book Value for  UNFI:NAS and generated a book value of  $36.62 (USD)
By multiplying these we get an adjusted valuation of  $52.50 (USD)

Analyst Data

In the Stockcalc database there are 4 analysts that provide a valuation for UNFI:NAS. The 4 analysts have a concensus valuation for UNFI:NAS for 2019 of $37.50 (USD).

UNFI:NAS United Natural Foods

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
1 4 1 3.0000 Hold 2018-10-29

Current Price: 21.85 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS 3.42 3.50 3.71
# EPS Analysts 5 4 1
Mean Revenue 22,150.40 24,213.00
# Revenue Analysts 2 2
Mean Target Price 37.50
Mean Cash Flow 0.56
Mean EBITDA 347.20 351.10
Mean Net Income 159.20 159.10
Mean Debt Outstanding
Mean Tax Rate 27.50 28.00
Mean Growth Rate 5.00
Mean Capital Expenditure 102.60

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 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.


Nutanix (NTNX:NAS) Fundamental Valuation Report

Fundamental Valuation Report

Nutanix(NTNX:NAS)

Technology:Software-Infrastructure

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$39.35 (USD) 30/10/2018

Weighted Valuation
$62.00 (USD)

Overall Rating
Undervalued by 57.6%

Valuation Models Analyst Consensus: $70.00 (USD)
(in order of importance) Comparables: $55.99 (USD)
Adjusted Book Value: $50.05 (USD)
Valuation Methods This company is:
Cash Flow: Overvalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Undervalued on an Asset Valuation

Company Overview (NTNX:NAS USD)

Price 39.35
Range 36.80 – 39.57
52 week 27.33 – 63.71
Open 37.00
Vol / Avg. 2.85M/3.49M
Mkt cap 6.8B
P/E 0.00
Div/yield 0.00/0.00
EPS -1.81
Shares 172.89M
Beta 0.00

Company Description

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform for businesses for various uses such as web-scale engineering and consumer-grade design, virtualization and storage into a resilient, and software-defined solution. The firm has a business span of over 100 countries around the world. It generates most of its revenues through the license fees and supports services.

Valuation Details

 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 NTNX:NAS

Using a discounted cash flow model we generated an intrinsic value of ($6.94) (USD) for NTNX:NAS

Comparables Model

Using similar companies and price based ratios we generated a valuation of $46.21 (USD) for NTNX:NAS. We also generated a valuation of $55.99 (USD) using other metrics and comparables.
The comparable companies were Box (BOX:NYS), Fair Isaac (FICO:NYS), j2 Global (JCOM:NAS), New Relic (NEWR:NYS) and Ultimate Software Group (ULTI:NAS).

Company NTNX:NAS End Date Value
Earnings/Share ($1.81) (USD)
Book Value/Share $1.89 (USD)
Sales/Share $7.04 (USD)
Cash Flow/Share $0.56 (USD)
EBITDA/Share ($1.40) (USD)
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) 0.0
$59.56 (USD) 0.0
$56.15 (USD) 0.0
$20.29 (USD) 0.0
$0.00 (USD) 0.0
NTNX:NAS Ratios Used Average Values BOX:NYS FICO:NYS JCOM:NAS NEWR:NYS ULTI:NAS
0.00 PE Ratio 119.02 0.00 54.68 31.62 0.00 270.75
22.60 PB Ratio 31.51 96.39 22.61 3.96 17.50 17.11
6.07 PS Ratio 7.97 5.93 7.16 3.48 13.63 9.67
75.74 PCF Ratio 40.61 41.02 33.12 11.24 76.42 41.26
0.00 EV to EBITDA 43.08 0.00 31.74 10.98 0.00 86.52

Multiples

Using a multiples approach we generated a valuation of  $73.86 (USD) for NTNX:NAS

Company NTNX:NAS End Date Value
Earnings/Share ($1.81) (USD)
Book Value/Share $1.89 (USD)
Sales/Share $7.04 (USD)
Cash Flow/Share $0.56 (USD)
EBITDA/Share ($1.40) (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$50.60 (USD) 0
$46.66 (USD) 0
$124.31 (USD) 0
$0.00 (USD) 0
Ratios Ratio Average
PE Ratio 0.00
PB Ratio 26.77
PS Ratio 6.63
PCF Ratio 220.41
EV to EBITDA 0.00

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  NTNX:NAS for the last 2 years was  26.47

We ran the Adjusted Book Value for  NTNX:NAS and generated a book value of  $1.89 (USD)
By multiplying these we get an adjusted valuation of  $50.05 (USD)

Analyst Data

In the Stockcalc database there are 3 analysts that provide a valuation for NTNX:NAS. The 3 analysts have a concensus valuation for NTNX:NAS for 2019 of $70.00 (USD).

NTNX:NAS Nutanix

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
3 0 0 5.0000 Buy 2018-10-29

Current Price: 39.35 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS -1.23 -1.31 -1.68
# EPS Analysts 3 3 2
Mean Revenue 1,357.50 1,789.40 2,322.50
# Revenue Analysts 3 3 2
Mean Target Price 70.00
Mean Cash Flow 0.53 0.64 1.44
Mean EBITDA
Mean Net Income -205.80 -203.20 -351.60
Mean Debt Outstanding
Mean Tax Rate
Mean Growth Rate
Mean Capital Expenditure 82.50 113.10 149.00

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 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.


Ascena Retail Group (ASNA:NAS) Fundamental Valuation Report

Fundamental Valuation Report

Ascena Retail Group(ASNA:NAS)

Consumer Cyclical:Apparel Stores

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$4.24 (USD) 30/10/2018

Weighted Valuation
$2.93 (USD)

Overall Rating
Overvalued by 30.8%

Valuation Models Analyst Consensus: $2.50 (USD)
(in order of importance) Adjusted Book Value: $3.59 (USD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Overvalued on an Asset Valuation

Company Overview (ASNA:NAS USD)

Price 4.24
Range 3.72 – 4.26
52 week 1.82 – 4.91
Open 3.75
Vol / Avg. 2.64M/2.5M
Mkt cap 832.63M
P/E 0.00
Div/yield 0.00/0.00
EPS -0.20
Shares 196.37M
Beta 1.59

Company Description

Ascena Retail Group Inc is a national specialty retailer of apparel for women and tween girls. The company operates, through its owned subsidiaries, e-commerce operations and stores in the United States, Canada, and Puerto Rico. It has four operating segments: Premium Fashion, Value Fashion, Plus Fashion and Kids Fashion. Ascena generates most of its revenues from Premium Fashion segment.

Valuation Details

 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 ASNA:NAS

Using a discounted cash flow model we generated an intrinsic value of $28.59 (USD) for ASNA:NAS

Sensitivity Analysis

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

ASNA:NAS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $28.59 1% 5% 1% 5%
WACC (or Ke) 7.03 $38.32 $22.10
Terminal Growth Rate 2.00 $22.73 $37.38
Tax Rate 0.27 $30.90 $26.29
Cash Flow 485,407,469 $26.92 $30.27
Capital Expenditures 2,920,000 $28.60 $28.58
Long Term Debt 2,035,600,000 $29.11 $28.08

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $8.11 (USD) for ASNA:NAS. We also generated a valuation of $8.99 (USD) using other metrics and comparables.
The comparable companies were Chico’s FAS (CHS:NYS), Duluth Holdings (DLTH:NAS), DSW (DSW:NYS), Genesco (GCO:NYS) and Guess? (GES:NYS).

Company ASNA:NAS End Date Value
Earnings/Share ($0.20) (USD)
Book Value/Share $4.07 (USD)
Sales/Share $33.56 (USD)
Cash Flow/Share $1.40 (USD)
EBITDA/Share $1.97 (USD)
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) -25.5
$12.35 (USD) -60.5
$20.63 (USD) -56.9
$3.36 (USD) -46.1
$0.00 (USD) -24.3
ASNA:NAS Ratios Used Average Values CHS:NYS DLTH:NAS DSW:NYS GCO:NYS GES:NYS
0.00 PE Ratio 1142.90 12.21 41.39 3388.00 0.00 1130.00
1.12 PB Ratio 3.04 1.70 7.22 2.96 1.16 2.15
0.14 PS Ratio 0.89 0.49 1.99 0.93 0.31 0.73
3.27 PCF Ratio 13.63 5.44 34.54 10.77 3.91 13.50
5.95 EV to EBITDA 12.49 4.34 22.84 11.46 0.00 11.32

Multiples

Using a multiples approach we generated a valuation of  $6.61 (USD) for ASNA:NAS

Company ASNA:NAS End Date Value
Earnings/Share ($0.20) (USD)
Book Value/Share $4.07 (USD)
Sales/Share $33.56 (USD)
Cash Flow/Share $1.40 (USD)
EBITDA/Share $1.97 (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$3.43 (USD) 0
$6.73 (USD) 0
$4.87 (USD) 0
$11.42 (USD) 0
Ratios Ratio Average
PE Ratio 24.96
PB Ratio 0.84
PS Ratio 0.20
PCF Ratio 3.49
EV to EBITDA 5.78

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  ASNA:NAS for the last 10 years was  0.88

We ran the Adjusted Book Value for  ASNA:NAS and generated a book value of  $4.07 (USD)
By multiplying these we get an adjusted valuation of  $3.59 (USD)

Analyst Data

In the Stockcalc database there are 1 analysts that provide a valuation for ASNA:NAS. The 1 analysts have a concensus valuation for ASNA:NAS for 2019 of $2.50 (USD).

ASNA:NAS Ascena Retail Group

No analyst recommendation
Current Price: not available

No analyst consensus

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 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.


Vail Resorts (MTN:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Vail Resorts(MTN:NYS)

Consumer Cyclical:Resorts & Casinos

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$242.11 (USD) 30/10/2018

Weighted Valuation
$261.85 (USD)

Overall Rating
Undervalued by 8.2%

Valuation Models Analyst Consensus: $297.00 (USD)
(in order of importance) Comparables: $236.82 (USD)
Adjusted Book Value: $206.46 (USD)
Valuation Methods This company is:
Cash Flow: Undervalued on a Cash Flow Valuation
Comparable Company: Fairly valued on a Comparable Valuation
Asset: Overvalued on an Asset Valuation

Company Overview (MTN:NYS USD)

Price 242.11
Range 234.42 – 242.63
52 week 205.66 – 301.42
Open 235.64
Vol / Avg. 290429/464383
Mkt cap 9.81B
P/E 26.52
Div/yield 5.05/0.02
EPS 9.13
Shares 40.51M
Beta 0.39

Company Description

Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.

Valuation Details

 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 MTN:NYS

Using a discounted cash flow model we generated an intrinsic value of $340.07 (USD) for MTN:NYS

Sensitivity Analysis

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

MTN:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $340.07 1% 5% 1% 5%
WACC (or Ke) 5.44 $429.81 $280.09
Terminal Growth Rate 0.40 $285.68 $421.42
Tax Rate 0.18 $361.53 $318.61
Cash Flow 894,195,630 $322.53 $357.61
Capital Expenditures 3,583,800 $340.14 $340.01
Long Term Debt 727,585,000 $340.97 $339.17

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $236.82 (USD) for MTN:NYS. We also generated a valuation of $142.47 (USD) using other metrics and comparables.
The comparable companies were Eldorado Resorts (ERI:NAS), Hilton Grand Vacations (HGV:NYS), MGM Resorts Intl (MGM:NYS), Red Rock Resorts (RRR:NAS) and Wynn Resorts (WYNN:NAS).

Company MTN:NYS End Date Value
Earnings/Share $9.13 (USD)
Book Value/Share $39.27 (USD)
Sales/Share $48.33 (USD)
Cash Flow/Share $13.25 (USD)
EBITDA/Share $14.83 (USD)
Price Based on Comps Adjustment Factor (%)
$136.40 (USD) 67.4
$206.97 (USD) -12.7
$93.58 (USD) 32.6
$275.53 (USD) 43.9
$188.27 (USD) 33.5
MTN:NYS Ratios Used Average Values ERI:NAS HGV:NYS MGM:NYS RRR:NAS WYNN:NAS
30.06 PE Ratio 14.94 18.55 9.07 8.64 13.53 24.91
6.99 PB Ratio 5.27 3.77 6.20 2.19 6.13 8.06
5.68 PS Ratio 1.94 2.13 1.83 1.43 2.33 1.96
20.70 PCF Ratio 23.10 13.84 73.19 6.74 9.98 11.74
19.79 EV to EBITDA 12.69 15.90 10.90 11.29 8.08 17.29

Multiples

Using a multiples approach we generated a valuation of  $235.02 (USD) for MTN:NYS

Company MTN:NYS End Date Value
Earnings/Share $9.13 (USD)
Book Value/Share $39.27 (USD)
Sales/Share $48.33 (USD)
Cash Flow/Share $13.25 (USD)
EBITDA/Share $14.83 (USD)
Price Based on Comps Adjustment Factor
$349.14 (USD) 0
$214.44 (USD) 0
$179.78 (USD) 0
$200.44 (USD) 0
$231.31 (USD) 0
Ratios Ratio Average
PE Ratio 38.24
PB Ratio 5.46
PS Ratio 3.72
PCF Ratio 15.12
EV to EBITDA 15.59

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  MTN:NYS for the last 10 years was  5.26

We ran the Adjusted Book Value for  MTN:NYS and generated a book value of  $39.22 (USD)
By multiplying these we get an adjusted valuation of  $206.46 (USD)

Analyst Data

In the Stockcalc database there are 1 analysts that provide a valuation for MTN:NYS. The 1 analysts have a concensus valuation for MTN:NYS for 2019 of $297.00 (USD).

MTN:NYS Vail Resorts

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
1 0 0 5.0000 Buy 2018-10-29

Current Price: 242.11 USD

Analyst Consensus
USD Millions 2019 2020
Mean EPS 7.55 8.68
# EPS Analysts 1 1
Mean Revenue 2,326.60 2,486.50
# Revenue Analysts 1 1
Mean Target Price 297.00
Mean Cash Flow
Mean EBITDA 736.30 800.50
Mean Net Income 320.00 361.00
Mean Debt Outstanding 946.60 612.50
Mean Tax Rate 21.90 22.00
Mean Growth Rate
Mean Capital Expenditure

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 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.


Actuant (ATU:NYS) Fundamental Valuation Report

Fundamental Valuation Report

Actuant(ATU:NYS)

Industrials:Diversified Industrials

This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.

Close Price/Date
$23.97 (USD) 30/10/2018

Weighted Valuation
$25.84 (USD)

Overall Rating
Undervalued by 7.8%

Valuation Models Analyst Consensus: $28.00 (USD)
(in order of importance) Adjusted Book Value: $22.61 (USD)
Multiples: $25.80 (USD)
Valuation Methods This company is:
Cash Flow: Overvalued on a Cash Flow Valuation
Comparable Company: Undervalued on a Comparable Valuation
Asset: Overvalued on an Asset Valuation

Company Overview (ATU:NYS USD)

Price 23.97
Range 23.11 – 24.02
52 week 22.05 – 30.60
Open 23.11
Vol / Avg. 230526/314233
Mkt cap 1.46B
P/E 0.00
Div/yield 0.04/0.00
EPS -0.36
Shares 61.02M
Beta 1.45

Company Description

Actuant Corp is a U.S.-based diversified industrial conglomerate. The company is organized into three segments. The industrial segment designs, manufactures, and distributes hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and automation sectors. The energy segment supplies joint integrity products and services, customized offshore vessel mooring solutions, and rope and cable solutions to sectors including oil and gas, power generation, and others. The engineered solutions segment provides position and motion-control systems to original equipment manufacturers in vehicle sectors, and various other products to the industrial and agricultural sectors. The company generates the majority of its sales from the United States, Europe, and Asia.

Valuation Details

 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 ATU:NYS

Using a discounted cash flow model we generated an intrinsic value of $15.16 (USD) for ATU:NYS

Sensitivity Analysis

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

ATU:NYS Current Values Valuation If Dropped * Valuation If Raised *
Calculated Value: $15.16 1% 5% 1% 5%
WACC (or Ke) 10.56 $18.95 $12.26
Terminal Growth Rate 3.00 $12.61 $18.49
Tax Rate 0.27 $17.11 $13.21
Cash Flow 190,550,000 $13.79 $16.53
Capital Expenditures 11,107,400 $15.23 $15.09
Long Term Debt 584,309,000 $15.64 $14.68

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $28.81 (USD) for ATU:NYS. We also generated a valuation of $46.49 (USD) using other metrics and comparables.
The comparable companies were Colfax (CFX:NYS), Crane (CR:NYS), Hillenbrand (HI:NYS) and John Bean Technologies (JBT:NYS).

Company ATU:NYS End Date Value
Earnings/Share ($0.36) (USD)
Book Value/Share $9.85 (USD)
Sales/Share $19.23 (USD)
Cash Flow/Share $1.19 (USD)
EBITDA/Share $2.38 (USD)
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) 12.2
$47.28 (USD) -44.7
$34.96 (USD) -14.7
$17.47 (USD) -22.3
$49.60 (USD) -4.8
ATU:NYS Ratios Used Average Values CFX:NYS CR:NYS HI:NYS JBT:NYS
0.00 PE Ratio 42.14 0.00 31.73 47.55 47.15
2.83 PB Ratio 4.80 1.27 4.06 4.68 9.18
1.45 PS Ratio 1.82 1.26 1.95 1.92 2.14
23.51 PCF Ratio 22.15 28.87 15.77 11.18 32.79
15.51 EV to EBITDA 20.82 33.15 13.09 15.93 21.12

Multiples

Using a multiples approach we generated a valuation of  $25.80 (USD) for ATU:NYS

Company ATU:NYS End Date Value
Earnings/Share ($0.36) (USD)
Book Value/Share $9.85 (USD)
Sales/Share $19.23 (USD)
Cash Flow/Share $1.19 (USD)
EBITDA/Share $2.38 (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$24.73 (USD) 0
$24.85 (USD) 0
$18.13 (USD) 0
$35.49 (USD) 0
Ratios Ratio Average
PE Ratio 32.55
PB Ratio 2.51
PS Ratio 1.29
PCF Ratio 15.28
EV to EBITDA 14.90

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  ATU:NYS for the last 10 years was  2.47

We ran the Adjusted Book Value for  ATU:NYS and generated a book value of  $9.16 (USD)
By multiplying these we get an adjusted valuation of  $22.61 (USD)

Analyst Data

In the Stockcalc database there are 1 analysts that provide a valuation for ATU:NYS. The 1 analysts have a concensus valuation for ATU:NYS for 2019 of $28.00 (USD).

ATU:NYS Actuant

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
1 1 0 4.0000 Outperform 2018-10-29

Current Price: 23.97 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS 1.20 1.40 1.55
# EPS Analysts 1 1 1
Mean Revenue 1,235.00 1,280.00 1,325.00
# Revenue Analysts 1 1 1
Mean Target Price 28.00
Mean Cash Flow
Mean EBITDA 160.00 175.00 185.00
Mean Net Income
Mean Debt Outstanding 194.00 186.00 177.00
Mean Tax Rate
Mean Growth Rate 16.10
Mean Capital Expenditure 31.00 32.00 33.00

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 stockcalc.com for further information.
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Eli Lilly (LLY:NYS) and Baxter International (BAX:NYS) 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 NYSE

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 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
LLY Eli Lilly and Co 2019 107.400000 99.7500 USD 4
BAX Baxter International Inc 2019 67.040000 62.0000 USD 3
WELL Welltower Inc 2019 65.980000 62.0000 USD 3
HRL Hormel Foods Corp 2019 42.680000 34.0000 USD 2
HSY The Hershey Co 2019 106.000000 98.3333 USD 6
CLX Clorox Co 2019 149.760000 125.5000 USD 4
MKC McCormick & Co Inc 2019 140.430000 129.5000 USD 4
MKC.V McCormick & Co Inc 2019 138.920000 129.5000 USD 4
SJM JM Smucker Co 2019 107.710000 97.6667 USD 3
RHI Robert Half International Inc 2019 58.840000 52.5000 USD 2
STOR STORE Capital Corp 2019 29.180000 25.0000 USD 1
OGS ONE Gas Inc 2019 81.230000 76.0000 USD 1
SAM Boston Beer Co Inc 2019 293.790000 210.0000 USD 1
LHO LaSalle Hotel Properties 2019 32.850000 28.0000 USD 1
CLH Clean Harbors Inc 2019 62.360000 52.0000 USD 1
ESL Esterline Technologies Corp 2019 117.160000 105.0000 USD 4
KWR Quaker Chemical Corp 2019 176.030000 165.0000 USD 1
AWR American States Water Co 2019 61.540000 48.0000 USD 1
DDS Dillard’s Inc 2020 74.280000 66.0000 USD 1
NWN Northwest Natural Holding Co 2019 66.610000 58.0000 USD 2
WK Workiva Inc 2019 32.990000 24.0000 USD 1
USPH US Physical Therapy Inc 2019 106.830000 90.0000 USD 1
CBZ CBIZ Inc 2019 22.220000 18.0000 USD 1
SAH Sonic Automotive Inc 2019 18.640000 15.0000 USD 1
GHL Greenhill & Co Inc 2019 22.890000 14.0000 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.

LLY:NYS Eli Lilly

http://www.lilly.com
Eli Lilly has 40655 employees and is headquartered in United States.
Eli Lilly and Co is a pharmaceutical company with a focus on neuroscience, endocrinology, oncology, and immunology. It discovers, develops, manufactures, and sells human pharmaceutical products and animal health products.

BAX:NYS Baxter International

http://www.baxter.com
Baxter International has 47000 employees and is headquartered in United States.
Baxter International Inc operates in the healthcare industry. It provides renal and hospital products such as infusion systems and systems, parenteral nutrition therapies, and biosurgery products.

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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.

Cheniere Energy Partners (CQP:ASE) and MAG Silver (MAG:ASE) Are Undervalued

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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.

Undervalued Stocks on AMEX

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 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
CQP Cheniere Energy Partners LP 2019 33.060000 39.6667 USD 3
LNG Cheniere Energy Inc 2019 56.810000 82.5000 USD 2
SRCI SRC Energy Inc 2019 6.830000 12.0000 USD 4
SAND Sandstorm Gold Ltd 2019 3.760000 7.6765 CAD 10
MAG MAG Silver Corp 2019 7.220000 21.3169 CAD 8
REI Ring Energy Inc 2019 7.000000 15.0000 USD 2
BGSF BG Staffing Inc 2019 23.560000 29.0000 USD 1
PTN Palatin Technologies Inc 2019 0.921700 5.5000 USD 2
GDP Goodrich Petroleum Corp 2019 14.120000 21.5000 USD 2
DLA Delta Apparel Inc 2019 18.500000 24.0000 USD 1
SNMP Sanchez Midstream Partners LP 2019 7.200000 14.0000 USD 1
USAS Americas Silver Corp 2019 2.190000 6.6167 CAD 3
CVU CPI Aerostructures Inc 2019 6.610000 12.0000 USD 1
PLX Protalix BioTherapeutics Inc 2019 0.519900 4.0000 USD 1
UFAB Unique Fabricating Inc 2019 7.080000 11.7500 USD 2
ATNM Actinium Pharmaceuticals Inc 2019 0.585100 5.2000 USD 5
PLYM Plymouth Industrial REIT Inc 2019 13.930000 20.0000 USD 1
OCX OncoCyte Corp 2019 1.520000 7.0000 USD 1
FTNW FTE Networks Inc 2019 8.294300 35.0000 USD 1
AST Asterias Biotherapeutics Inc 2019 1.020000 11.0000 USD 1
ACU Acme United Corp 2019 17.000000 24.6250 USD 2
RNN Rexahn Pharmaceuticals Inc 2019 1.140000 19.5000 USD 1
CANF Can Fite Biofarma Ltd 2019 1.290000 8.0000 USD 1
MYO Myomo Inc 2019 1.730000 9.5000 USD 2
SYN Synthetic Biologics Inc 2019 0.820000 38.0000 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.

CQP:ASE Cheniere Energy Partners

http://www.cheniereenergypartners.com
Cheniere Energy Partners has 1230 employees and is headquartered in United States.
Cheniere Energy Partners LP engages in the liquified natural gas export business. The firm operates through its Sabine Pass liquefaction/terminal/pipeline facilities in Louisiana.

MAG:ASE MAG Silver

http://www.magsilver.com
MAG Silver has 8 employees and is headquartered in Canada.
MAG Silver Corp is a mineral exploration and development company based in Canada. The group focuses on district-scale projects in the Mexican Silver Belt, and its main source of revenue is interest income from high interest savings accounts.

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.