Aktie$man

My 5-minute analysis Stamps.com Inc (Ticker: STMP ) STMP has today a stock price of $125.92 and a market capitalization (cap) of $2.13 billion!  In this post, I would like to introduce the Enterprise Value (EV) term. I use EV instead of the price of equity, i.e. market cap of $2.13 billion above because enterprise value takes into account the price we pay for the equity, which is equal to the market cap and the debt the company used to finance some of its operations. The official definition of enterprise value is the market value of equity (including preferred equity) plus net interest-bearing debt minus cash So that means for STMP we have $2.13 billion in market cap plus $0 of   preferred stock plus $0 long-term debt plus $14.2 million capital leases (long) plus $50.2 million short-term debt plus $4.6 million capital lease obligations (short) plus $0 minority interest minus cash or cash equivalents $156.3 millions. STMPs EV is $2.04 billion, w...

5 minute analysis Tractor Supply Company (Ticker:TSCO) TSCO has a qouted stock price of $83.10 per share and a market cap of $9.6 billion. That means we could buy it for $9.6 billion ;) - but what is the intrinsic value? Let's check out TSCO on Morningstar TSCO had $562 million in net income for the year 2019. Capital expenditures for the year were $217 million and the free cash flow was $594 million. It looks like TSCO is growing revenue between 5 percent to 16 percent, the last 5 years only 5 percent to 9 percent and net income by 5 percent to 10 percent the last 5 years (except 2017 where TSCO had a bad year with -3 percent growth). The captial expenditures (capex) has decreased compared to 2018 by ~20 percent! The free cash flow increased by more than 40% compared to last year, 2018, and has been very cyclical the last 10 years, 1 year increase, the year after decrease. My calculated annual growth rate of the free cash flow is ~17 percent. My assumptions wil...