Weekly Intrinsic Values


Ticker	Company ——————– Industry	Margin of Safety Intrinsic Value	Stock Price	Stock Price / Margin of Safety Intrinsic Value	P/E ———- 3Yr Avg Profit Margin	52wk Lo ———- % Off 52wk Hi	Growth Grade* ———- Long Term Debt/FCF	Major Index ———- 10yr Dividend Change	Market Cap ———- 10yr Share Count Change
SNBR	SLEEP NUMBER CORPORATION ——————– Specialty Retail	19.92	13.53	0.68	———- 3.0%	9.00 ———- 66.16%	F ———- 0.00	N/A ———- N/A	$300.89M ———- -59.00%
RYAM	RAYONIER ADVANCED MATERIALS INC. ——————– Chemicals	5.06	4.13	0.82	———- -1.0%	2.66 ———- 37.85%	F ———- 87.42	N/A ———- -100.00%	$270.09M ———- 54.00%
TX	TERNIUM SA ——————– Metals & Mining	46.75	39.71	0.85	11.52 ———- 12.8%	35.22 ———- 12.87%	D ———- 1.16	N/A ———- 286.67%	$7.8B ———- 0.00%
BSM	BLACK STONE MINERALS UNT ——————– Oil, Gas & Consumable Fuels	18.28	15.53	0.85	———- 60.4%	13.41 ———- 16.28%	D+! ———- 0.00	N/A ———- N/A	———- 18.31%
SNV	SYNOVUS FINANCIAL CORP. ——————– Banks	43.93	37.86	0.86	11.01 ———- 32.6%	24.40 ———- 7.48%	F ———- 0.99	S&P400 ———- 390.32%	$5.54B ———- 5.45%
FITB	FIFTH THIRD BANCORP ——————– Banks	40.45	35.24	0.87	10.99 ———- 31.0%	22.46 ———- 4.83%	F ———- 4.01	S&P500 ———- 166.67%	$24.09B ———- -18.42%
EBAY	EBAY INC. ——————– Internet & Direct Marketing Retail	58.28	52.20	0.90	10.00 ———- 48.3%	37.17 ———- 1.17%	D+! ———- 3.54	S&P500 ———- N/A	$27.04B ———- -57.39%
DFS	DISCOVER FINANCIAL SERVICES ——————– Consumer Finance	130.26	120.24	0.92	10.95 ———- 32.0%	79.04 ———- 5.84%	D ———- 2.49	S&P500 ———- 193.00%	$30.13B ———- -45.00%
HIW	HIGHWOODS PROPERTIES, INC. ——————– Equity Real Estate Investment Trusts (REITs)	25.84	24.44	0.95	17.56 ———- 26.0%	17.06 ———- 6.97%	F ———- 8.30	S&P600 ———- 18.00%	$2.58B ———- 15.00%
FINW	FINWISE BANCORP ——————– Banks	10.64	10.25	0.96	7.72 ———- 30.0%	7.61 ———- 31.58%	D+! ———- 0.00	N/A ———- N/A	$128.06M ———- 5.00%
CFG	CITIZENS FINANCIAL GROUP, INC. ——————– Banks	33.87	33.49	0.99	10.66 ———- 26.7%	22.77 ———- 3.74%	F ———- 4.83	S&P500 ———- 1580.00%	$15.35B ———- -14.53%
SSTK	SHUTTERSTOCK, INC. ——————– Internet & Direct Marketing Retail	48.87	48.58	0.99	16.14 ———- 11.2%	33.80 ———- 36.05%	C+! ———- 0.00	S&P600 ———- N/A	$1.73B ———- 0.92%
CNOB	CONNECTONE BANCORP, INC. ——————– Banks	18.81	18.90	1.00	9.11 ———- 40.0%	13.11 ———- 22.67%	F ———- 12.01	N/A ———- 122.00%	$725.84M ———- 66.00%
GABC	GERMAN AMERICAN BANCORP, INC. ——————– Banks	31.33	32.00	1.02	10.97 ———- 34.7%	24.85 ———- 10.29%	F ———- 1.22	N/A ———- 134.19%	$946.71M ———- 49.02%
USNA	USANA HEALTH SCIENCES, INC. ——————– Personal Products	48.71	50.11	1.03	14.86 ———- 8.0%	44.01 ———- 28.00%	C+! ———- 0.00	S&P600 ———- N/A	$964.14M ———- -29.00%
BTI	BRITISH AMERICAN TOBACCO P.L.C. ——————– Tobacco	28.86	30.30	1.05	———- -0.7%	28.35 ———- 19.52%	F ———- 3.40	N/A ———- 30.08%	$66.74B ———- 19.20%
PNC	THE PNC FINANCIAL SERVICES GROUP, INC. ——————– Banks	140.48	148.78	1.06	11.62 ———- 28.0%	109.40 ———- 5.65%	F ———- 7.19	S&P500 ———- 224.47%	$59.19B ———- -25.33%
DAR	DARLING INGREDIENTS INC. ——————– Food Products	40.01	44.44	1.11	11.02 ———- 12.0%	38.97 ———- 37.93%	D ———- 12.37	S&P400 ———- N/A	$7.09B ———- -2.00%
CACC	CREDIT ACCEPTANCE CORPORATION ——————– Consumer Finance	471.76	548.99	1.16	25.00 ———- 32.1%	379.77 ———- 10.97%	F ———- 4.22	N/A ———- N/A	$6.75B ———- -41.74%
RHI	ROBERT HALF INC. ——————– Professional Services	66.97	78.85	1.18	20.34 ———- 8.3%	64.65 ———- 10.79%	D+! ———- 0.00	S&P500 ———- 166.67%	$8.3B ———- -21.74%
MTX	MINERALS TECHNOLOGIES INC. ——————– Chemicals	55.72	72.45	1.30	27.79 ———- 6.0%	48.61 ———- 1.80%	F ———- 6.50	S&P600 ———- 25.00%	$2.34B ———- -6.00%
AAPL	APPLE INC. ——————– Technology Hardware, Storage & Peripherals	132.25	172.62	1.31	26.92 ———- 26.0%	149.92 ———- 13.53%	D+! ———- 0.89	S&P500 ———- 92.00%	$2.67T ———- -32.00%
PLPC	PREFORMED LINE PRODUCTS COMPANY ——————– Electrical Equipment	94.59	126.67	1.34	10.05 ———- 8.3%	104.96 ———- 31.46%	D+ ———- 0.65	N/A ———- 0.00%	$621.18M ———- -7.15%
NVEE	NV5 GLOBAL, INC. ——————– Construction & Engineering	70.85	97.19	1.37	59.21 ———- 6.0%	89.30 ———- 18.71%	C- ———- 4.56	S&P600 ———- N/A	$1.55B ———- 177.00%
GNTX	GENTEX CORPORATION ——————– Auto Components	25.52	35.71	1.40	19.56 ———- 18.7%	25.77 ———- 4.96%	D+! ———- 0.00	S&P400 ———- 54.84%	$8.27B ———- -21.94%
FFWM	FIRST FOUNDATION INC. ——————– Banks	4.63	7.02	1.52	———- -14.4%	3.69 ———- 38.80%	F ———- -661.84	N/A ———- N/A	$396.4M ———- 245.47%
ASML	ASML HOLDING NV ——————– Semiconductors & Semiconductor Equipment	610.59	940.21	1.54	43.74 ———- 28.9%	564.00 ———- 10.99%	B! ———- 1.41	N/A ———- 770.20%	$372.92B ———- -10.37%
GOOD	GLADSTONE COMMERCIAL CORPORATION ——————– Equity Real Estate Investment Trusts (REITs)	8.40	13.09	1.56	———- 6.2%	10.84 ———- 7.43%	F ———- 10.98	N/A ———- -20.00%	$580.57M ———- 124.78%
GIL	GILDAN ACTIVEWEAR INC. ——————– Textiles, Apparel & Luxury Goods	21.88	34.17	1.56	11.36 ———- 18.1%	26.98 ———- 9.23%	D+! ———- 1.73	N/A ———- 244.44%	$7.82B ———- -28.47%
BLCO	BAUSCH + LOMB CORP ——————– Health Care Equipment & Supplies	6.46	15.95	2.47	———- 0.0%	13.62 ———- 27.33%	F ———- -22.89	N/A ———- N/A	$5.6B ———- 0.00%
INVH	INVITATION HOMES INC. ——————– Equity Real Estate Investment Trusts (REITs)	12.95	34.96	2.70	41.22 ———- 17.2%	28.49 ———- 4.31%	F ———- 9.65	S&P500 ———- N/A	$21.39B ———- 103.00%
TFIN	TRIUMPH FINANCIAL, INC. ——————– Banks	26.68	75.52	2.83	46.84 ———- 19.2%	46.67 ———- 8.15%	F ———- 21.03	S&P600 ———- N/A	$1.76B ———- 101.85%
TTD	THE TRADE DESK, INC. ——————– Software	26.35	76.72	2.91	215.88 ———- 8.0%	54.58 ———- 18.38%	C+ ———- 0.00	N/A ———- N/A	$37.51B ———- 0.00%
BMI	BADGER METER, INC. ——————– Electronics, Instruments & Components	52.63	153.84	2.92	48.41 ———- 12.3%	112.46 ———- 9.96%	A! ———- 0.00	S&P600 ———- 167.57%	$4.52B ———- 2.43%
STAA	STAAR SURGICAL COMPANY ——————– Health Care Equipment & Supplies	3.54	37.72	10.66	87.96 ———- 10.3%	26.66 ———- 48.42%	C- ———- 0.00	S&P600 ———- N/A	$1.84B ———- 25.90%

Growth Grade is an indicator of a company’s growth potential, refer to the Terminology page for a full description.
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10Yr Dividend Change is the percent change in the total annual dividend during this time. Example:*
10Yrs Ago Dividend = 1.25; Current Dividend = 4.20; then
Percent Change = (4.20-1.25)/1.25100 = 236%*
A -100% (negative 100%) indicates the company stopped paying a dividend
‘N/A’ indicates the company has not been paying a dividend
For companies that pay a dividend this should be increasing over time, but companies in their growth phase will likely not pay a dividend
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10Yr Share Count Change is the change in total outstanding shares during the period
Outstanding share count should be decreasing over time for a company that’s financially stable and past its growth phase
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Long Term Debt/FCF is a measurement to determine if the company’s long-term debt is within a reasonable amount, less than 3 is an ideal number
Value of zero means the company has no long term debt
A negative value means the company has long term debt but had negative FCF
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3yr Avg Profit Margin measures the average percentage of income to the revenue (100 * Net Income/Revenue) over the past 3 years
Ideally companies with at least 10% is a good starting point, but value can be found in companies that have a lower average
Profit Margin vary between industries with Some having much higher averages than others

Intrinsic values and other data provided are intended as reference only. They should never be used as the sole means of valuing a company and/or making investment decisions. As with any investment, an investor should perform their due diligence before investing. This includes understand the investment risks, reviewing financial reporting documents, and consult an investment professional if necessary.