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Kowloon Development Co (HKSE:00034) Intrinsic Value: Projected FCF : HK$12.58 (As of May. 29, 2024)


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What is Kowloon Development Co 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 (2024-05-29), Kowloon Development Co's Intrinsic Value: Projected FCF is HK$12.58. The stock price of Kowloon Development Co is HK$5.74. Therefore, Kowloon Development Co's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

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

HKSE:00034' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.23   Med: 0.38   Max: 0.68
Current: 0.46

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Kowloon Development Co was 0.68. The lowest was 0.23. And the median was 0.38.

HKSE:00034's Price-to-Projected-FCF is ranked better than
64.86% of 1272 companies
in the Real Estate industry
Industry Median: 0.65 vs HKSE:00034: 0.46

Kowloon Development Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Kowloon Development Co'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.

Kowloon Development Co Intrinsic Value: Projected FCF Chart

Kowloon Development Co 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 34.98 24.46 20.18 12.58 -

Kowloon Development Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 20.18 - 12.58 - -

Competitive Comparison of Kowloon Development Co's Intrinsic Value: Projected FCF

For the Real Estate - Development subindustry, Kowloon Development Co'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.


Kowloon Development Co's Price-to-Projected-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kowloon Development Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Kowloon Development Co's Price-to-Projected-FCF falls into.



Kowloon Development Co 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 Kowloon Development Co's Free Cash Flow(6 year avg) = HK$-403.74.

Kowloon Development Co'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 (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-403.73557142857+17669.438*0.8)/1176.631
=8.75

* 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.


Kowloon Development Co  (HKSE:00034) 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.

Kowloon Development Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=5.74/8.7468763003883
=0.66

* 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.


Kowloon Development Co Intrinsic Value: Projected FCF Related Terms

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Kowloon Development Co (HKSE:00034) Business Description

Traded in Other Exchanges
Address
750 Nathan Road, 23rd Floor, Pioneer Centre, Kowloon, Hong Kong, HKG
Kowloon Development Co Ltd is an investment holding company. It operates in three segments: Property development, which includes the development and sale of properties and interests in property development; Property investment segment includes leasing of properties to generate rental income and to gain from the appreciation in the properties' values in the long term; and Other businesses segment, which includes the financial investments, the provision of financial services, the provision of property management services and treasury operations. The company generates the majority of its revenue from the sale of properties. Its geographical segments are Hong Kong, which accounts for the majority of revenue; Mainland China; and Others.
Executives
New Explorer Developments Limited 2201 Interest of corporation controlled by you
Or Wai Sheun 2201 Interest of corporation controlled by you

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