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
CBNK	CAPITAL BANCORP, INC. —————————————- Banks	21.41	17.35	0.81	5.79 ———- 22.6%	15.32 ———- 36.89%	C+! ———- 2.19	N/A ———- N/A	$244.67M ———- 9.13%
LEE	LEE ENTERPRISES, INCORPORATED —————————————- Media	14.60	12.03	0.82	———- 1.0%	11.76 ———- 54.14%	F ———- -112.63	N/A ———- N/A	$73.69M ———- 11.00%
TEVA	TEVA PHARMACEUTICAL INDUSTRIES LIMITED —————————————- Pharmaceuticals	10.03	8.35	0.83	22.73 ———- -12.0%	6.78 ———- 27.04%	F ———- 18.33	N/A ———- -100.00%	$34.55B ———- 31.00%
PFBC	PREFERRED BANK —————————————- Banks	58.59	51.15	0.87	5.40 ———- 46.0%	49.82 ———- 34.21%	A-! ———- 1.18	S&P600 ———- 820.00%	$734.35M ———- 11.00%
NBTB	NBT BANCORP INC. —————————————- Banks	33.46	33.16	0.99	9.46 ———- 28.3%	32.05 ———- 31.88%	F ———- 1.15	S&P600 ———- 43.21%	$1.42B ———- 1.96%
APAM	ARTISAN PARTNERS ASSET MANAGEMENT INC. —————————————- Capital Markets	34.90	35.29	1.01	12.07 ———- 24.0%	25.42 ———- 12.40%	D+! ———- 0.68	N/A ———- 243.00%	$2.82B ———- 353.50%
SYBT	STOCK YARDS BANCORP, INC. —————————————- Banks	47.42	50.15	1.06	15.90 ———- 31.4%	48.65 ———- 36.29%	C! ———- 0.66	N/A ———- 111.11%	$1.47B ———- 34.33%
EXPD	EXPEDITORS INTERNATIONAL OF WASHINGTON, INC —————————————- Air Freight & Logistics	102.89	111.24	1.08	13.57 ———- 8.0%	86.08 ———- 7.22%	C! ———- 0.00	S&P500 ———- 123.00%	$17.18B ———- -21.00%
MKSI	MKS INSTRUMENTS, INC. —————————————- Semiconductors & Semiconductor Equipment	75.36	85.03	1.13	14.50 ———- 14.4%	64.77 ———- 32.78%	B+! ———- 12.93	S&P400 ———- 37.50%	$5.67B ———- 12.00%
AXP	AMERICAN EXPRESS COMPANY —————————————- Consumer Finance	141.71	163.78	1.16	17.18 ———- 13.9%	130.65 ———- 14.88%	F ———- 2.21	S&P500 ———- 215.15%	$121.86B ———- -30.95%
SFBS	SERVISFIRST BANCSHARES, INC. —————————————- Banks	43.87	50.72	1.16	10.82 ———- 50.0%	47.16 ———- 45.94%	A! ———- 0.24	S&P600 ———- 870.00%	$2.76B ———- 11.00%
CBRE	CBRE GROUP, INC. —————————————- Real Estate Management & Development	60.17	71.86	1.19	16.92 ———- 4.8%	66.31 ———- 19.94%	C! ———- 0.79	S&P500 ———- N/A	$22.33B ———- -1.23%
MNST	MONSTER BEVERAGE CORPORATION —————————————- Beverages	43.07	53.07	1.23	37.71 ———- 25.0%	41.07 ———- 2.66%	C! ———- 0.00	S&P500 ———- N/A	$55.45B ———- 3.00%
MED	MEDIFAST, INC. —————————————- Personal Products	72.28	96.39	1.33	7.62 ———- 10.0%	94.52 ———- 51.12%	C! ———- 0.00	S&P600 ———- 2524.00%	$1.05B ———- -18.00%
LAMR	LAMAR ADVERTISING COMPANY —————————————- Equity Real Estate Investment Trusts (REITs)	76.70	103.62	1.35	23.84 ———- 19.6%	80.85 ———- 13.15%	F ———- 0.00	S&P400 ———- 88.00%	$10.56B ———- 7.27%
SBCF	SEACOAST BANKING CORPORATION OF FLORIDA —————————————- Banks	16.56	22.72	1.37	13.53 ———- 28.0%	20.66 ———- 38.46%	D+ ———- 1.28	S&P600 ———- 64.00%	$1.92B ———- 227.00%
MHH	MASTECH DIGITAL, INC. —————————————- Professional Services	6.01	9.47	1.58	13.95 ———- 4.7%	8.69 ———- 56.51%	B! ———- 0.00	N/A ———- N/A	$110.24M ———- 39.07%
APH	AMPHENOL CORPORATION —————————————- Electronics, Instruments & Components	41.75	76.84	1.84	25.18 ———- 15.0%	61.67 ———- 7.27%	A+! ———- 2.55	S&P500 ———- 429.00%	$45.74B ———- -4.00%
ALLE	ALLEGION PUBLIC LIMITED COMPANY —————————————- Building Products	53.84	102.99	1.91	20.07 ———- 14.1%	87.33 ———- 16.58%	C+! ———- 5.26	S&P500 ———- 412.50%	$9.05B ———- -8.12%
TPB	TURNING POINT BRANDS, INC. —————————————- Tobacco	10.54	23.51	2.23	42.05 ———- 8.0%	18.81 ———- 28.06%	F ———- 17.96	N/A ———- 500.00%	$413.46M ———- 8.11%
NVS	NOVARTIS INC. —————————————- Pharmaceuticals	43.47	100.30	2.31	31.20 ———- 25.0%	74.09 ———- 0.14%	D+! ———- 1.53	N/A ———- 31.00%	$202.6B ———- -11.00%
TEX	TEREX CORPORATION —————————————- Machinery	18.19	45.22	2.49	10.44 ———- 4.0%	26.64 ———- 25.69%	D ———- 5.10	S&P400 ———- 940.00%	$3.13B ———- -40.68%
MEDP	MEDPACE HOLDINGS, INC. —————————————- Life Sciences Tools & Services	64.96	189.01	2.91	25.74 ———- 16.1%	126.95 ———- 21.73%	A-! ———- 0.00	S&P400 ———- N/A	$5.82B ———- -12.19%
TFX	TELEFLEX INCORPORATED —————————————- Health Care Equipment & Supplies	89.89	269.21	2.99	34.87 ———- 14.5%	182.65 ———- 22.95%	F ———- 6.18	S&P500 ———- 0.00%	$12.64B ———- 8.28%
MLR	MILLER INDUSTRIES, INC. —————————————- Machinery	9.81	33.32	3.40	18.85 ———- 3.0%	21.00 ———- 8.08%	F ———- -0.94	N/A ———- 29.00%	$380.41M ———- 1.00%
TRIP	TRIP.COM GROUP LIMITED —————————————- Interactive Media & Services	9.81	36.57	3.73	128.07 ———- -21.0%	18.46 ———- 8.96%	F ———- 2.43	S&P400 ———- N/A	$24.96B ———- 0.69%
ODFL	OLD DOMINION FREIGHT LINE, INC. —————————————- Road & Rail	92.86	348.85	3.76	28.47 ———- 19.5%	231.31 ———- 8.63%	A-! ———- 0.09	S&P500 ———- 349.44%	$38.36B ———- -12.51%
SPR	SPIRIT AEROSYSTEMS HOLDINGS, INC. —————————————- Aerospace & Defense	7.40	30.60	4.14	———- -16.7%	21.14 ———- 36.53%	F ———- -7.19	N/A ———- -70.00%	$3.22B ———- -25.97%
AAT	AMERICAN ASSETS TRUST, INC. —————————————- Equity Real Estate Investment Trusts (REITs)	4.20	17.94	4.27	25.09 ———- 11.0%	16.04 ———- 52.93%	F ———- 24.72	S&P600 ———- 51.00%	$1.09B ———- 33.00%
MCD	MCDONALD’S CORPORATION —————————————- Hotels, Restaurants & Leisure	66.33	292.06	4.40	34.88 ———- 28.0%	228.34 ———- 0.16%	D+! ———- 6.50	S&P500 ———- 81.00%	$213.21B ———- -26.00%
MGM	MGM RESORTS INTERNATIONAL —————————————- Hotels, Restaurants & Leisure	9.84	44.88	4.56	13.18 ———- 1.0%	26.41 ———- 2.93%	D- ———- 3.44	S&P500 ———- -98.00%	$16.74B ———- -16.00%
TYL	TYLER TECHNOLOGIES, INC. —————————————- Software	70.93	373.39	5.26	96.78 ———- 12.0%	281.11 ———- 12.31%	C- ———- 2.67	S&P500 ———- N/A	$15.64B ———- 23.00%
GMAB	GENMAB A/S —————————————- Biotechnology	6.49	40.99	6.32	33.76 ———- 40.0%	26.19 ———- 13.71%	C+ ———- 0.00	N/A ———- N/A	$184.03B ———- 27.00%
FTNT	FORTINET, INC. —————————————- Software	9.59	66.78	6.96	62.58 ———- 19.0%	42.61 ———- 6.62%	A-! ———- 0.68	S&P500 ———- N/A	$52.36B ———- -4.00%
IDXX	IDEXX LABORATORIES, INC. —————————————- Health Care Equipment & Supplies	68.66	495.65	7.22	61.11 ———- 21.6%	317.06 ———- 4.30%	D+! ———- 1.76	S&P500 ———- N/A	$41.13B ———- -21.64%

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.