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Ten Pao Group Holdings (HKSE:01979) Intrinsic Value: Projected FCF : HK$2.42 (As of May. 15, 2024)


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What is Ten Pao Group Holdings 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 (2024-05-15), Ten Pao Group Holdings's Intrinsic Value: Projected FCF is HK$2.42. The stock price of Ten Pao Group Holdings is HK$1.18. Therefore, Ten Pao Group Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Ten Pao Group Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:01979' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.42   Med: 0.96   Max: 1.69
Current: 0.49

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Ten Pao Group Holdings was 1.69. The lowest was 0.42. And the median was 0.96.

HKSE:01979's Price-to-Projected-FCF is ranked better than
90.8% of 1913 companies
in the Industrial Products industry
Industry Median: 1.57 vs HKSE:01979: 0.49

Ten Pao Group Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Ten Pao Group Holdings'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.

Ten Pao Group Holdings Intrinsic Value: Projected FCF Chart

Ten Pao Group Holdings 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 - 1.63 1.11 2.08 2.42

Ten Pao Group Holdings Semi-Annual Data
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 1.11 - 2.08 - 2.42

Competitive Comparison of Ten Pao Group Holdings's Intrinsic Value: Projected FCF

For the Electrical Equipment & Parts subindustry, Ten Pao Group Holdings'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.


Ten Pao Group Holdings's Price-to-Projected-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ten Pao Group Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Ten Pao Group Holdings's Price-to-Projected-FCF falls into.



Ten Pao Group Holdings 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 Ten Pao Group Holdings's Free Cash Flow(6 year avg) = HK$78.87.

Ten Pao Group Holdings'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)
=(14.862653310476*78.866571428571+1655.075*0.8)/1030.389
=2.42

* 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.


Ten Pao Group Holdings  (HKSE:01979) 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.

Ten Pao Group Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.18/2.422605937106
=0.49

* 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.


Ten Pao Group Holdings Intrinsic Value: Projected FCF Related Terms

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Ten Pao Group Holdings (HKSE:01979) Business Description

Traded in Other Exchanges
N/A
Address
151-153 Hoi Bun Road, Rooms 610-612, 6th Floor, Kwong Sang Hong Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are telecommunication, media and entertainment, electrical home appliances, lighting, smart chargers and controllers, and others. Some of its products are USB chargers, wireless chargers, adapters, open frame power supply, led drivers, smart charger and controllers, and power saver. Geographically, the group has a business presence in the PRC, Europe, Asia, the U.S., Africa and Other regions, of which prime revenue is derived from the PRC.

Ten Pao Group Holdings (HKSE:01979) Headlines

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