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First Hawaiian (First Hawaiian) Intrinsic Value: Projected FCF : $37.87 (As of May. 08, 2024)


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What is First Hawaiian Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-08), First Hawaiian's Intrinsic Value: Projected FCF is $37.87. The stock price of First Hawaiian is $22.19. Therefore, First Hawaiian's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for First Hawaiian's Intrinsic Value: Projected FCF or its related term are showing as below:

FHB' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.45   Med: 0.7   Max: 0.82
Current: 0.59

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of First Hawaiian was 0.82. The lowest was 0.45. And the median was 0.70.

FHB's Price-to-Projected-FCF is ranked worse than
67.41% of 1215 companies
in the Banks industry
Industry Median: 0.45 vs FHB: 0.59

First Hawaiian Intrinsic Value: Projected FCF Historical Data

The historical data trend for First Hawaiian's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Hawaiian Intrinsic Value: Projected FCF Chart

First Hawaiian Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 32.47 35.47 36.36 37.64

First Hawaiian Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.24 37.95 37.05 37.64 37.87

Competitive Comparison of First Hawaiian's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, First Hawaiian's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Hawaiian's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Hawaiian's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where First Hawaiian's Price-to-Projected-FCF falls into.



First Hawaiian Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get First Hawaiian's Free Cash Flow(6 year avg) = $298.75.

First Hawaiian's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*298.74528+2513.761*0.8)/128.218
=37.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Hawaiian  (NAS:FHB) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

First Hawaiian's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=22.19/37.866515647062
=0.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Hawaiian Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of First Hawaiian's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


First Hawaiian (First Hawaiian) Business Description

Industry
Traded in Other Exchanges
N/A
Address
999 Bishop Street, 29th Floor, Honolulu, HI, USA, 96813
First Hawaiian Inc is a bank holding company. It provides a diversified range of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services. The company offers a variety of deposit products to its customers, including checking and savings accounts and other types of deposit accounts. It provides commercial and industrial lending, including auto dealer flooring, commercial real estate and construction lending. It also offers comprehensive consumer lending services focused on residential real estate lending, indirect auto financing and other consumer loans. Its segments are Retail Banking, Commercial Banking and Treasury and Other of which key revenue is derived from Retail Banking.
Executives
Christopher L Dods officer: Vice Ch & Chief Operating Ofcr 352 WAILUPE CIRCLE, HONOLULU HI 96821
Darlene N. Blakeney officer: EVP & CHIEF LENDING OFFICER 44-656 B KANEOHE BAY DRIVE, KANEOHE HI 96744
Lea M. Nakamura officer: EVP & CHIEF RISK OFFICER 99-667 POHUE STREET, AIEA HI 96701
Robert S Harrison director, officer: Chairman of the Board and CEO 999 BISHOP STREET, HONOLULU HI 96813
James M Moses officer: VICE CH & CHIEF FINANCIAL OFCR 999 BISHOP STREET, HONOLULU HI 96813
Mark M Mugiishi director 1177 QUEEN STREET PH2, HONOLULU HI 96814
Michael K Fujimoto director 16-166 MELEKAHIWA STREET, KEAAU HI 96749-8016
Ravi Mallela officer: Exec VP, CFO & Treasurer C/O NMI HOLDINGS, INC. (NATIONAL MI), 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Jim Moffatt director 1423 GARFIELD AVE., SOUTH PASADENA CA 91030
Kelly Ann Thompson director 921 LINCOLN PL, PACIFICA CA 94044
Neill Char officer: Executive VP 266 PUIWA ROAD, HONOLULU HI 96817
Vanessa L Washington director CATELLUS DEVELOPEMENT CORP, 201 MISSION STREET 2ND FL, SAN FRANCISCO CA 94105-1832
Mitchell Nishimoto officer: Exec VP & Manager 2121 KEEAUMOKU STREET, HONOLULU HI 96822
Paribas Bnp director, 10 percent owner 3 RUE D'ANTIN, PARIS I0 75002
Craig Scott Wo director 702 SOUTH BERETANIA STREET, HONOLULU HI 96813