Jayden Resources (JDN:TSX) and Canoe Mining Ventures (CLV:TSX) Are Biggest Stock Decliners YTD on TSX

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Biggest Stock Decliners Year to Date on TSX

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

Bottom 25 Companies

Lists like these are always interesting to look at as they tell more than one story. Companies that are experiencing dramatic decreases in share price can do so for a variety of reasons including, the sector they are in has turned (such as companies in an unfavorable commodities space or a sector that has been disrupted), or the company is experiencing financial difficulties generally due to an inability to service its debt.

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

Today’s Data on TSX

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

Symbol Name Total Return Period
JDN Jayden Resources Inc -90.000000 YTD
CLV Canoe Mining Ventures Corp -82.142857 YTD
TLK Frankly Inc -77.428571 YTD
CBS Bard Ventures Ltd -70.232558 YTD
ADZ Adamera Minerals Corp -68.750000 YTD
RJ.H Rojo Resources Ltd -67.500000 YTD
VTI Valdor Technology International Inc -62.500000 YTD
HFC Hampton Financial Corp -60.000000 YTD
TGX True North Gems Inc -60.000000 YTD
RML Rusoro Mining Ltd -57.692308 YTD
ICAU Intercontinental Gold And Metals Ltd -56.666667 YTD
KYS.H Kaymus Resources Inc -55.555556 YTD
LMGC Le Mare Gold Corp -51.515152 YTD
LDI Lithoquest Diamonds Inc -51.351351 YTD
UNO Northern Uranium Corp -50.000000 YTD
GRI Galore Resources Inc -50.000000 YTD
CVB Compass Gold Corp -50.000000 YTD
FGR Fengro Industries Corp -50.000000 YTD
TSP TitanStar Properties Inc -50.000000 YTD
FTJ Fort St James Nickel Corp -48.437500 YTD
JUGR Juggernaut Exploration Ltd -48.275862 YTD
FRN Feronia Inc -45.454545 YTD
AVG Avidian Gold Corp -45.000000 YTD
CIO Central Iron Ore Ltd -44.444444 YTD
ISS International Samuel Exploration Corp -44.444444 YTD

Let’s look at a few companies…

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

JDN:TSX Jayden Resources

http://www.jaydenresources.com
Jayden Resources has 1 employees and is headquartered in Cayman Islands.
Jayden Resources Inc is an exploration stage company. Principally, it is engaged in the business of acquiring, exploring and developing interests in mining projects.

CLV:TSX Canoe Mining Ventures

http://www.canoemining.ca
Canoe Mining Ventures has None employees and is headquartered in Canada.
Canoe Mining Ventures Corp is engaged in the acquisition, exploration, evaluation and development of gold resource properties in Canada. It operates through the exploration and development of mineral properties in Canada segment.

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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.

Viacom (VIAB:NAS) Fundamental Valuation Report

Fundamental Valuation Report

Viacom(VIAB:NAS)

Consumer Cyclical:Media-Diversified

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

Close Price/Date
$32.06 (USD) 28/11/2018

Weighted Valuation
$34.57 (USD)

Overall Rating
Undervalued by 7.8%

Valuation Models Analyst Consensus: $34.57 (USD)
(in order of importance)
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 (VIAB:NAS USD)

Price 0.00
Range 0.00 – 0.00
52 week 0.00 – 0.00
Open 0.00
Vol / Avg. 0/0
Mkt cap 0
P/E 0.00
Div/yield 0.00/0.00
EPS 0.00
Shares 0
Beta 0.00

Company Description

Viacom is a global media company with several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, Country Music Television, and Spike TV. Viacom has also built several online properties on the strength of these brands. Viacom’s Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Godfather and Transformers series. Viacom was spun out of CBS at the end of 2005.

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 VIAB:NAS

Using a discounted cash flow model we generated an intrinsic value of ($113.12) (USD) for VIAB:NAS

Comparables Model

Using similar companies and price based ratios we generated a valuation of $57.61 (USD) for VIAB:NAS. We also generated a valuation of $65.42 (USD) using other metrics and comparables.
The comparable companies were AMC Networks (AMCX:NAS), CBS (CBS:NYS), Discovery (DISCB:NAS), Live Nation Entertainment (LYV:NYS) and World Wrestling Enter (WWE:NYS).

Company VIAB:NAS End Date Value
Earnings/Share $4.27 (USD)
Book Value/Share $17.39 (USD)
Sales/Share $31.72 (USD)
Cash Flow/Share $5.00 (USD)
EBITDA/Share $19.34 (USD)
Price Based on Comps Adjustment Factor (%)
$50.14 (USD) -68.7
$124.04 (USD) -15.0
$83.80 (USD) -37.8
$82.08 (USD) -58.7
$0.00 (USD) -64.4
VIAB:NAS Ratios Used Average Values AMCX:NAS CBS:NYS DISCB:NAS LYV:NYS WWE:NYS
6.51 PE Ratio 41.44 7.29 16.20 0.00 0.00 100.82
1.84 PB Ratio 12.33 19.96 9.91 2.07 9.42 20.28
1.01 PS Ratio 2.64 1.26 1.57 2.23 1.00 7.15
6.40 PCF Ratio 21.42 7.26 22.66 10.15 31.92 35.10
2.93 EV to EBITDA 17.53 3.26 11.59 12.01 19.37 41.41

Multiples

Using a multiples approach we generated a valuation of  $51.08 (USD) for VIAB:NAS

Company VIAB:NAS End Date Value
Earnings/Share $4.27 (USD)
Book Value/Share $17.39 (USD)
Sales/Share $31.72 (USD)
Cash Flow/Share $5.00 (USD)
EBITDA/Share $19.34 (USD)
Price Based on Comps Adjustment Factor
$39.59 (USD) 0
$65.43 (USD) 0
$37.41 (USD) 0
$44.24 (USD) 0
$68.73 (USD) 0
Ratios Ratio Average
PE Ratio 9.27
PB Ratio 3.76
PS Ratio 1.18
PCF Ratio 8.85
EV to EBITDA 3.55

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  VIAB:NAS for the last 10 years was  3.50

We ran the Adjusted Book Value for  VIAB:NAS and generated a book value of  $18.38 (USD)
By multiplying these we get an adjusted valuation of  $64.26 (USD)

Analyst Data

In the Stockcalc database there are 7 analysts that provide a valuation for VIAB:NAS. The 7 analysts have a concensus valuation for VIAB:NAS for 2019 of $34.57 (USD).

VIAB:NAS Viacom

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 8 1 3.1818 Hold 2018-11-27

Current Price: 32.06 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS 4.31 4.39 4.68
# EPS Analysts 11 9 5
Mean Revenue 13,259.80 13,543.10 13,909.80
# Revenue Analysts 8 7 5
Mean Target Price 34.57
Mean Cash Flow 4.81 5.04 5.07
Mean EBITDA 3,071.70 3,154.90 3,248.10
Mean Net Income 1,897.00 1,779.10 1,893.80
Mean Debt Outstanding 7,202.90 5,650.10 3,912.00
Mean Tax Rate 24.00 24.00 24.00
Mean Growth Rate 5.16
Mean Capital Expenditure 196.60 199.70 212.40

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.


Viacom (VIA:NAS) Fundamental Valuation Report

Fundamental Valuation Report

Viacom(VIA:NAS)

Consumer Cyclical:Media-Diversified

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

Close Price/Date
$34.92 (USD) 27/11/2018

Weighted Valuation
$34.43 (USD)

Overall Rating
Fairly valued to slightly Overvalued by 1.4%

Valuation Models Analyst Consensus: $34.43 (USD)
(in order of importance)
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 (VIA:NAS USD)

Price 34.92
Range 34.62 – 35.26
52 week 31.20 – 40.05
Open 34.80
Vol / Avg. 17440/25728
Mkt cap 12.73B
P/E 8.33
Div/yield 0.80/0.02
EPS 4.27
Shares 402.87M
Beta 1.20

Company Description

Viacom is a global media company with several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, Country Music Television, and Spike TV. Viacom has also built several online properties on the strength of these brands. Viacom’s Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Godfather and Transformers series. Viacom was spun out of CBS at the end of 2005.

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 VIA:NAS

Using a discounted cash flow model we generated an intrinsic value of ($116.42) (USD) for VIA:NAS

Comparables Model

Using similar companies and price based ratios we generated a valuation of $47.75 (USD) for VIA:NAS. We also generated a valuation of $67.03 (USD) using other metrics and comparables.
The comparable companies were AMC Networks (AMCX:NAS), CBS (CBS:NYS), Discovery (DISCB:NAS), Live Nation Entertainment (LYV:NYS) and World Wrestling Enter (WWE:NYS).

Company VIA:NAS End Date Value
Earnings/Share $4.27 (USD)
Book Value/Share $17.39 (USD)
Sales/Share $31.72 (USD)
Cash Flow/Share $5.00 (USD)
EBITDA/Share $19.34 (USD)
Price Based on Comps Adjustment Factor (%)
$50.14 (USD) -66.5
$0.00 (USD) -10.2
$83.80 (USD) -33.7
$82.08 (USD) -55.6
$0.00 (USD) -64.2
VIA:NAS Ratios Used Average Values AMCX:NAS CBS:NYS DISCB:NAS LYV:NYS WWE:NYS
7.20 PE Ratio 41.44 7.29 16.20 0.00 0.00 100.82
2.03 PB Ratio 12.33 19.96 9.91 2.07 9.42 20.28
1.12 PS Ratio 2.64 1.26 1.57 2.23 1.00 7.15
7.07 PCF Ratio 21.42 7.26 22.66 10.15 31.92 35.10
2.93 EV to EBITDA 17.53 3.26 11.59 12.01 19.37 41.41

Multiples

Using a multiples approach we generated a valuation of  $55.88 (USD) for VIA:NAS

Company VIA:NAS End Date Value
Earnings/Share $4.27 (USD)
Book Value/Share $17.39 (USD)
Sales/Share $31.72 (USD)
Cash Flow/Share $5.00 (USD)
EBITDA/Share $19.34 (USD)
Price Based on Comps Adjustment Factor
$44.03 (USD) 0
$74.20 (USD) 0
$41.18 (USD) 0
$49.24 (USD) 0
$70.75 (USD) 0
Ratios Ratio Average
PE Ratio 10.31
PB Ratio 4.27
PS Ratio 1.30
PCF Ratio 9.85
EV to EBITDA 3.66

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  VIA:NAS for the last 10 years was  4.05

We ran the Adjusted Book Value for  VIA:NAS and generated a book value of  $18.38 (USD)
By multiplying these we get an adjusted valuation of  $74.47 (USD)

Analyst Data

In the Stockcalc database there are 7 analysts that provide a valuation for VIA:NAS. The 7 analysts have a concensus valuation for VIA:NAS for 2019 of $34.43 (USD).

VIA:NAS Viacom

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 8 1 3.1818 Hold 2018-11-26

Current Price: 34.92 USD

Analyst Consensus
USD Millions 2019 2020 2021
Mean EPS 4.32 4.45 4.68
# EPS Analysts 11 8 5
Mean Revenue 13,259.80 13,543.10 13,909.80
# Revenue Analysts 8 7 5
Mean Target Price 34.43
Mean Cash Flow 4.81 5.04 5.07
Mean EBITDA 3,071.70 3,154.90 3,248.10
Mean Net Income 1,897.00 1,779.10 1,893.80
Mean Debt Outstanding 7,202.90 5,650.10 3,912.00
Mean Tax Rate 24.00 24.00 24.00
Mean Growth Rate 5.16
Mean Capital Expenditure 196.60 199.70 212.40

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.


Occidental Petroleum (OXY:NYS) and ABB (ABB:NYS) Upgraded

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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.

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

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

Why Do Companies Get Upgraded?

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

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

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

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

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
OXY Occidental Petroleum Corp 3 0 4 0 0 0 3.8571 3.7143 Outperform
ABB ABB Ltd 1 0 2 0 0 0 3.6667 2.3333 Outperform
TRI Thomson Reuters Corp 4 2 4 0 0 0 4.0000 3.8000 Outperform
CBS.A CBS Corp 9 1 2 0 0 0 4.5833 4.4167 Buy
CBS CBS Corp 9 1 2 0 0 0 4.5833 4.4167 Buy
EIX Edison International 2 1 3 0 0 0 3.8333 3.6667 Outperform
DRI Darden Restaurants Inc 4 0 3 0 0 0 4.1429 4.0000 Outperform
WPM Wheaton Precious Metals Corp 8 5 0 0 0 0 4.6154 4.5833 Buy
TX Ternium SA 1 0 1 0 0 0 4.0000 3.0000 Outperform
PVTL Pivotal Software Inc 0 0 1 0 0 0 3.0000 0.0000 Hold
NVT nVent Electric PLC 1 0 1 0 0 0 4.0000 3.0000 Outperform
AG First Majestic Silver Corp 4 1 2 0 0 0 4.2857 4.1667 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TRI Thomson Reuters Corp 4 2 4 0 0 0 4.0000 3.8000 Outperform
WPM Wheaton Precious Metals Corp 8 5 0 0 0 0 4.6154 4.5833 Buy
MEG MEG Energy Corp 2 3 6 0 0 0 3.6364 3.4545 Outperform
FR First Majestic Silver Corp 4 1 2 0 0 0 4.2857 4.1667 Outperform
TWM Tidewater Midstream and Infrastructure Ltd 7 5 0 0 0 0 4.5833 4.5000 Buy
HWO High Arctic Energy Services Inc 0 3 2 0 0 0 3.6000 3.5000 Outperform
SCB Street Capital Group Inc 0 1 2 0 0 0 3.3333 3.0000 Hold
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
SIL SilverCrest Metals Inc 2 0 0 0 0 0 5.0000 4.6667 Buy
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
SYMC Symantec Corp 2 0 7 0 0 0 3.4444 3.4000 Hold
STLD Steel Dynamics Inc 3 0 1 1 0 0 4.0000 3.8000 Outperform
NDSN Nordson Corp 3 1 2 0 0 0 4.1667 4.0000 Outperform
CSBR Champions Oncology Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
ONTX Onconova Therapeutics Inc 2 0 0 0 0 0 5.0000 4.0000 Buy

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.

OXY:NYS Occidental Petroleum

http://www.oxy.com
Occidental Petroleum has 11000 employees and is headquartered in United States.
Occidental Petroleum Corp is in the business of exploration and production of oil and gas. It also processes, gathers, transports, stores, purchases and markets oil, condensate, natural gas liquids, natural gas.

ABB:NYS ABB

http://www.abb.com
ABB has 135000 employees and is headquartered in Switzerland.
ABB Ltd is a power and automation systems provider that are designed to boost industrial productivity, increase power grid reliability and enhance energy efficiency. The company works closely with utility, industry, transport and infrastructure customers.

Free Valuation

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

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

Discovery Communications (DISCK: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.

Discovery Communications $22.86 (USD) Close Price as of 06/03/2018

Based on the analysis conducted in this report, Discovery Communications, (DISCK:NAS) is found to be  Undervalued.

Company Discovery Communications
Symbol:Exchange DISCK:NAS
Industry Consumer Cyclical:Media-Diversified
Close Price/Date $22.86 (USD) 06/03/2018
Weighted Average Valuation $25.12 (USD)
Summary DISCK:NAS is found to be  Undervalued by 9.9% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $26.17 (USD)
(in order of importance) Adjusted Book Value: $23.82 (USD)
Multiples: $24.58 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Fairly valued on an Asset Valuation basis

Valuation Details

Discovery Communications 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 DISCK:NAS

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

Sensitivity Analysis

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

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $30.76 (USD) for DISCK:NAS. We also generated a valuation of $43.57 (USD) using other metrics and comparables.
The comparable companies were CBS (CBS.A:NYS), Live Nation Entertainment (LYV:NYS), Regal Entertainment (RGC:NYS), Viacom (VIA:NAS) and World Wrestling Enter (WWE:NYS)

Company DISCK:NAS End Date Value
Cash/Share $12.69 (USD)
Book Value/Share $12.07 (USD)
MarketCap 8,993,620,304
1 Year Return -0.159
NetPPE 597,000,000
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) 0
$98.29 (USD) 0
$17.76 (USD) 0
$33.44 (USD) 0
$24.77 (USD) 0
Ratios Used Average Values CBS.A:NYS LYV:NYS RGC:NYS VIA:NAS WWE:NYS
Cash / Share 3.22 0.69 8.73 1.46 3.47 1.76
Book Value / Share 4.88 7.40 5.95 -5.35 13.20 3.18
Market Cap 10,229,001,794 24,486,748,616 8,022,435,960 3,127,586,795 13,593,331,448 1,914,906,151
1 Year Return 0.23 -0.22 0.56 0.06 -0.11 0.87
Net PPE 957,692,200 1,280,000,000 885,936,000 1,513,200,000 978,000,000 131,325,000

Multiples

Using a multiples approach we generated a valuation of  $24.58 (USD) for DISCK:NAS

Company DISCK:NAS End Date Value
Earnings/Share ($0.59) (USD)
Book Value/Share $12.07 (USD)
Sales/Share $11.93 (USD)
Cash Flow/Share $2.83 (USD)
EBITDA/Share $1.16 (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$23.87 (USD) 0
$30.20 (USD) 0
$34.99 (USD) 0
$9.28 (USD) 0
Ratios Ratio Average
PE Ratio 15.10
PB Ratio 1.98
PS Ratio 2.53
PCF Ratio 12.37
EV to EBITDA 8.00

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  DISCK:NAS for the last 10 years was  1.96

We ran the Adjusted Book Value for  DISCK:NAS and generated a book value of  $12.13 (USD)
By multiplying these we get an adjusted valuation of  $23.82 (USD)

Analyst Data

In the Stockcalc database there are 6 analysts that provide a valuation for DISCK:NAS. The 6 analysts have a concensus valuation for DISCK:NAS for 2018 of $26.17 (USD).

DISCK:NAS Discovery Communications

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 4 1 3.3750 Hold 2018-3-5

Current Price: not available

Analyst Consensus
USD Millions 2018 2019 2020
Mean EPS 2.27 2.49 2.50
# EPS Analysts 7 4 2
Mean Revenue 7,498.60 7,712.50 8,428.60
# Revenue Analysts 5 3 2
Mean Target Price 26.17
Mean Cash Flow 2.85 3.36 3.43
Mean EBITDA 2,591.80 2,766.80 2,667.40
Mean Net Income 1,269.50 1,520.80 1,534.20
Mean Debt Outstanding -5,814.00 -4,590.90 -3,834.40
Mean Tax Rate 26.33 25.00 25.00
Mean Growth Rate 7.10
Mean Capital Expenditure 163.30 195.80 217.30

Company Overview (DISCK:NAS USD)

Price 22.86
Range 22.70 – 23.30
52 week 15.27 – 28.90
Open 23.11
Vol / Avg. 16.38M/1.56M
Mkt cap 8.69B
P/E 0.00
Div/yield 0.00/0.00
EPS -0.59
Shares 380M
Beta 1.21
Summary chart

Detailed Company Description

Discovery Communications Inc is a media and entertainment company. It provides programming across multiple distribution platforms. The company also provides educational products and services to schools and operates digital media services.

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.

Discovery (DISCB: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.

Discovery $26.00 (USD) Close Price as of 06/03/2018

Based on the analysis conducted in this report, Discovery, (DISCB:NAS) is found to be  Fairly valued to slightly Undervalued.

Company Discovery
Symbol:Exchange DISCB:NAS
Industry Consumer Cyclical:Media-Diversified
Close Price/Date $26.00 (USD) 06/03/2018
Weighted Average Valuation $26.08 (USD)
Summary DISCB:NAS is found to be  Fairly valued to slightly Undervalued by 0.3% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $26.17 (USD)
(in order of importance) Adjusted Book Value: $26.02 (USD)
Multiples: $25.91 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Fairly valued on an Asset Valuation basis

Valuation Details

Discovery 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 DISCB:NAS

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

Sensitivity Analysis

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

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

Comparables Model

Using similar companies and price based ratios we generated a valuation of $45.84 (USD) for DISCB:NAS. We also generated a valuation of $43.68 (USD) using other metrics and comparables.
The comparable companies were CBS (CBS.A:NYS), Live Nation Entertainment (LYV:NYS), Regal Entertainment (RGC:NYS), Viacom (VIA:NAS) and World Wrestling Enter (WWE:NYS)

Company DISCB:NAS End Date Value
Cash/Share $12.69 (USD)
Book Value/Share $12.07 (USD)
MarketCap 8,993,620,304
1 Year Return -0.056
NetPPE 597,000,000
Price Based on Comps Adjustment Factor (%)
$0.00 (USD) 0
$98.29 (USD) 0
$17.75 (USD) 0
$33.89 (USD) 0
$24.77 (USD) 0
Ratios Used Average Values CBS.A:NYS LYV:NYS RGC:NYS VIA:NAS WWE:NYS
Cash / Share 3.22 0.69 8.73 1.46 3.47 1.76
Book Value / Share 4.88 7.39 5.95 -5.35 13.20 3.18
Market Cap 10,224,634,907 24,472,259,976 8,031,413,192 3,126,507,178 13,576,698,905 1,916,295,283
1 Year Return 0.23 -0.22 0.56 0.05 -0.13 0.87
Net PPE 957,692,200 1,280,000,000 885,936,000 1,513,200,000 978,000,000 131,325,000

Multiples

Using a multiples approach we generated a valuation of  $25.91 (USD) for DISCB:NAS

Company DISCB:NAS End Date Value
Earnings/Share ($0.59) (USD)
Book Value/Share $12.07 (USD)
Sales/Share $11.93 (USD)
Cash Flow/Share $2.83 (USD)
EBITDA/Share $1.16 (USD)
Price Based on Comps Adjustment Factor
$0.00 (USD) 0
$25.39 (USD) 0
$31.87 (USD) 0
$36.83 (USD) 0
$9.56 (USD) 0
Ratios Ratio Average
PE Ratio 15.95
PB Ratio 2.10
PS Ratio 2.67
PCF Ratio 13.02
EV to EBITDA 8.24

Adjusted Book Value versus Historical Price to Book

The average the Price to Book ratio for  DISCB:NAS for the last 10 years was  2.14

We ran the Adjusted Book Value for  DISCB:NAS and generated a book value of  $12.13 (USD)
By multiplying these we get an adjusted valuation of  $26.02 (USD)

Analyst Data

In the Stockcalc database there are 6 analysts that provide a valuation for DISCB:NAS. The 6 analysts have a concensus valuation for DISCB:NAS for 2018 of $26.17 (USD).

DISCB:NAS Discovery

Analyst Recommendation
Buy Hold Sell Rating
(of 5)
Guidance As Of
2 4 1 3.3750 Hold 2018-3-6

Current Price: not available

Analyst Consensus
USD Millions 2018 2019 2020
Mean EPS 2.29 2.55 2.50
# EPS Analysts 7 4 3
Mean Revenue 7,553.20 7,811.90 8,317.10
# Revenue Analysts 5 3 3
Mean Target Price 26.17
Mean Cash Flow 2.85 3.36 3.43
Mean EBITDA 2,591.80 2,766.80 2,667.40
Mean Net Income 1,250.80 1,474.80 1,500.60
Mean Debt Outstanding -5,814.00 -4,590.90 -3,834.40
Mean Tax Rate 24.00 25.00 25.00
Mean Growth Rate 13.55
Mean Capital Expenditure 163.30 195.80 217.30

Company Overview (DISCB:NAS USD)

Price 26.00
Range 26.00 – 28.00
52 week 20.00 – 34.00
Open 28.00
Vol / Avg. 528/1584
Mkt cap 9.88B
P/E 0.00
Div/yield 0.00/0.00
EPS -0.59
Shares 380M
Beta 1.18
Summary chart

Detailed Company Description

Discovery Communications Inc is a media and entertainment company. It provides programming across multiple distribution platforms. The company also provides educational products and services to schools and operates digital media services.

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.

Discovery (DISCA: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.

Discovery $24.42 (USD) Close Price as of 06/03/2018

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

Company Discovery
Symbol:Exchange DISCA:NAS
Industry Consumer Cyclical:Media-Diversified
Close Price/Date $24.42 (USD) 06/03/2018
Weighted Average Valuation $25.92 (USD)
Summary DISCA:NAS is found to be  Undervalued by 6.2% using the 3 valuation models shown below.
Valuation Models Used Analyst Consensus: $26.17 (USD)
(in order of importance) Adjusted Book Value: $25.84 (USD)
Multiples: $25.36 (USD)
Valuation Methods Analysis This company is:
Cash Flow Basis: Overvalued on a Cash Flow Valuation basis
Comparable Company Basis: Undervalued on a Comparable Valuation basis
Asset Basis: Undervalued on an Asset Valuation basis

Valuation Details

Discovery Valuations