NOC – NORTHROP GRUMMAN CORPORATION (HQ: USA/Industry: Aerospace & Defense)
52 Week Lo/Hi Price: 344.89 / 490.82
Previous Closing Price: 467.13
Margin of Safety Intrinsic Value Price: 259.41

10-Year Financial Summary (Recent/Average)
Revenue: $35.7B/$28.4B, with 5 declining years and -3.1% YoY decrease
EPS (USD): 43.54/15.82, with 1 declining year and 128.8% YoY growth
BV (USD): 73.05/48.13, with 2 declining years and 16.4% YoY growth
FCF: $2.2B/$2.2B, with 6 declining years and -25.4% YoY decrease
Dividend: Increased 187%, with 0 declining years
Share Count: Decreased -36%

To value the business at the current market price the company would need more than a 13% per year growth for the next 10-years

JAZZ – JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY (HQ: Ireland/Industry: Pharmaceuticals)
52 Week Lo/Hi Price: 117.64 / 189.00
Previous Closing Price: 153.22
Margin of Safety Intrinsic Value Price: 17.50

10-Year Financial Summary (Recent/Average)
Revenue: $16.7B/$15.9B, with 4 declining years and 20.8% YoY growth
EPS (USD): 0.67/1.64, with 5 declining years
BV (USD): 7.51/7.38, with 3 declining years and 18.5% YoY growth
FCF: $115M/$786M, with 4 declining years
Dividend: Increased 20%, with 1 declining year
Share Count: Decreased -22%

To value the business at the current market price the company would need more than a 28% per year growth for the next 10-years

LYV – LIVE NATION ENTERTAINMENT, INC. (HQ: USA/Industry: Entertainment)
52 Week Lo/Hi Price: 74.01 / 127.75
Previous Closing Price: 95.17
Margin of Safety Intrinsic Value Price: 9.61

10-Year Financial Summary (Recent/Average)
Revenue: $6.3B/$7.6B, with 1 declining year and 236.8% YoY growth
EPS (USD): -3.09/-1.40, with 4 declining years and currant year being negative
BV (USD): -1.80/5.16, with 7 declining years and currant year being negative
FCF: $1.6B/$442M, with 4 declining years
Company does not pay a dividend
Share Count: Increased 16%

To value the business at the current market price the company would need more than a 26% per year growth for the next 10-years

EPD – ENTERPRISE PRODUCTS PARTNERS UNT (HQ: USA/Industry: Oil, Gas & Consumable Fuels)
52 Week Lo/Hi Price: 20.42 / 27.65
Previous Closing Price: 26.62
Margin of Safety Intrinsic Value Price: 10.20

10-Year Financial Summary (Recent/Average)
Revenue: $40.8B/$35.5B, with 5 declining years and 50% YoY growth
EPS (USD): 2.10/1.58, with 3 declining years and 22.8% YoY growth
BV (USD): 11.45/9.85, with 1 declining year and -0.2% YoY decrease
FCF: $6.3B/$1.7B, with 2 declining years and 141.6% YoY growth
Dividend: Increased 42%, with 0 declining years
Share Count: Increased 28%

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

CPSI – COMPUTER PROGRAMS AND SYSTEMS, INC. (HQ: USA/Industry: Health Care Technology)
52 Week Lo/Hi Price: 26.11 / 37.62
Previous Closing Price: 31.92
Margin of Safety Intrinsic Value Price: 15.67

10-Year Financial Summary (Recent/Average)
Revenue: $281M/$242M, with 3 declining years and 6.4% YoY growth
EPS (USD): 1.26/1.42, with 5 declining years and 28.6% YoY growth
BV (USD): 14.75/9.88, with 3 declining years and 8.7% YoY growth
FCF: $37M/$29M, with 4 declining years and -11.9% YoY decrease
Company did not pay a dividend last year
Share Count: Increased 27%

To value the business at the current market price the company would need more than a 5% per year growth for the next 10-years