Overstock.com is an online retailer offering discount brand name, non-brand name and closeout merchandise, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, electronics and computers, and sporting goods, among other products. The company was founded in 1997 and is based in Salt Lake City, Utah.
OSTK Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Overstockcom Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Overstockcom Inc ranked in the 74th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 201.5%. As for the metrics that stood out in our discounted cash flow analysis of Overstockcom Inc, consider:
The company's balance sheet shows it gets 97% of its capital from equity, and 3% of its capital from debt. Its equity weight surpasses that of 75.58% of free cash flow generating stocks in the Technology sector.
The business' balance sheet suggests that 3% of the company's capital is sourced from debt; this is greater than merely 12.02% of the free cash flow producing stocks we're observing.
OSTK's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 47.56% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as OSTK, try NTWK, ONTO, IEC, VRTU, and TTEC.
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It was a relatively calm day for the stock market on Tuesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all changed by less than 0.1% as of 2:55 p.m. EST. Overstock.com (NASDAQ: OSTK) was one particular standout, with shares up by more than 18% for the day. The news item that is most likely influencing the move higher is data from salesforce.com (NYSE: CRM) that shows a 50% year-over-year increase in digital spending, which indicates that upcoming fourth-quarter results from Overstock's platform could turn out to be better than expected.
SALT LAKE CITY, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home furnishing retailer and advocate of blockchain technology, announced today that Canadian customers of Echelon Wealth Partners Inc. (Echelon), an independent, Canadian-owned and operated wealth management and capital markets firm, can now trade Overstock’s Series A-1 shares (OSTKO) on the alternative trading system (ATS) operated by tZERO ATS, LLC, a FINRA member broker-dealer. This is possible through broker arrangements with an existing subscriber to the ATS. In May 2020, Overstock distributed Series A-1 shares as a dividend to Overstock shareholders. “We are working to increase access to Overstock’s preferred shares,” said Overstock Chief Executive Officer Jonathan Johnson. ...
SALT LAKE CITY, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home furnishings retailer and advocate of blockchain technology, announced its participation in the Needham & Co. 23rd Annual Growth Conference. Jonathan Johnson, Chief Executive Officer, and Adrianne Lee, Chief Financial Officer, will present to conference attendees. “We appreciate the opportunity to communicate our growth story, which is particularly relevant given the focus of this conference,” said Johnson. “We look forward to continuing our dialogue with the investment community and thank Needham for inviting and hosting us.”The conference will be hosted virtually and webcast to registered attendees on Thursday, January 14. Overstock will present at 10:00 AM EST.About Overstoc...