KO – THE COCA-COLA COMPANY (HQ: USA/Industry: Beverages)
52 Week Lo/Hi Price: 52.28 / 67.00
Previous Closing Price: 66.20
Margin of Safety Intrinsic Value Price: 15.48

10-Year Financial Summary (Recent/Average)
Revenue: $38.7B/$40.3B, with 7 declining years and 17.1% YoY growth
EPS (USD): 2.25/1.65, with 5 declining years and 25.7% YoY growth
BV (USD): 5.13/5.77, with 5 declining years and 18.5% YoY growth
FCF: $11.3B/$7.9B, with 3 declining years and 29.9% YoY growth
Dividend: Increased 65%, with 0 declining years
Share Count: Decreased -5%

To value the business at the current market price the company would need more than a 14% per year growth for the next 10-years

ALB – ALBEMARLE CORPORATION (HQ: USA/Industry: Chemicals)
52 Week Lo/Hi Price: 146.52 / 291.48
Previous Closing Price: 207.24
Margin of Safety Intrinsic Value Price: 4.23

10-Year Financial Summary (Recent/Average)
Revenue: $3.3B/$3.1B, with 5 declining years and 6.4% YoY growth
EPS (USD): 1.06/3.52, with 6 declining years and -69.9% YoY decrease
BV (USD): 48.66/30.71, with 2 declining years and 26% YoY growth
FCF: $-609M/$58M, with 5 declining years and currant year being negative
Dividend: Increased 95%, with 0 declining years
Share Count: Increased 30%

To value the business at the current market price the company would need more than a 4% per year growth for the next 10-years

SUPN – SUPERNUS PHARMACEUTICALS, INC. (HQ: USA/Industry: Pharmaceuticals)
52 Week Lo/Hi Price: 23.15 / 34.50
Previous Closing Price: 29.60
Margin of Safety Intrinsic Value Price: 12.40

10-Year Financial Summary (Recent/Average)
Revenue: $580M/$270M, with 1 declining year and 11.5% YoY growth
EPS (USD): 0.98/0.47, with 4 declining years and -58.5% YoY decrease
BV (USD): 15.22/6.10, with 2 declining years and 13.5% YoY growth
FCF: $125M/$64M, with 4 declining years and -7.4% YoY decrease
Company does not pay a dividend
Share Count: Increased 218%

To value the business at the current market price the company would need more than a 10% per year growth for the next 10-years

FRME – FIRST MERCHANTS CORPORATION (HQ: USA/Industry: Banks)
52 Week Lo/Hi Price: 37.67 / 48.66
Previous Closing Price: 43.40
Margin of Safety Intrinsic Value Price: 46.85

10-Year Financial Summary (Recent/Average)
Revenue: $520M/$345M, with 1 declining year and 5.7% YoY growth
EPS (USD): 3.81/2.33, with 2 declining years and 39.1% YoY growth
BV (USD): 34.97/24.27, with 1 declining year and 2.9% YoY growth
FCF: $207M/$139M, with 4 declining years and 1% YoY growth
Dividend: Increased 1,030%, with 0 declining years
Share Count: Increased 86%

The stock is trading below its margin of safety intrinsic value by 7%

CIVB – CIVISTA BANCSHARES, INC. (HQ: USA/Industry: Banks)
52 Week Lo/Hi Price: 21.40 / 25.94
Previous Closing Price: 23.40
Margin of Safety Intrinsic Value Price: 17.86

10-Year Financial Summary (Recent/Average)
Revenue: $125M/$78M, with 1 declining year and 7.8% YoY growth
EPS (USD): 2.63/1.37, with 3 declining years and 31.5% YoY growth
BV (USD): 23.30/15.79, with 1 declining year and 8.3% YoY growth
FCF: $39M/$21M, with 4 declining years and 30% YoY growth
Dividend: Increased 333%, with 0 declining years
Share Count: Increased 88%

The stock is fairly valued but only takes into account a 84% margin of safety when ideally it should be 63.75%