Tsit Wing International Holdings (HKSE:02119) Intrinsic Value: Projected FCF : HK$1.52 (As of May. 25, 2024)

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What is Tsit Wing International 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 (2024-05-25), Tsit Wing International Holdings's Intrinsic Value: Projected FCF is HK$1.52. The stock price of Tsit Wing International Holdings is HK$0.60. Therefore, Tsit Wing International Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.

The historical rank and industry rank for Tsit Wing International Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:02119' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.38 Med: 0.86 Max: 1.6
Current: 0.39

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Tsit Wing International Holdings was 1.60. The lowest was 0.38. And the median was 0.86.

HKSE:02119's Price-to-Projected-FCF is ranked better than
94.2% of 69 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.18 vs HKSE:02119: 0.39

Tsit Wing International Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Tsit Wing International 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.

Tsit Wing International Holdings Intrinsic Value: Projected FCF Chart

Tsit Wing International Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intrinsic Value: Projected FCF

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0.96

1.06

1.37

1.34

1.52

Tsit Wing International Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Intrinsic Value: Projected FCF	Get a 7-Day Free Trial															1.37	-	1.34	-	1.52

Competitive Comparison of Tsit Wing International Holdings's Intrinsic Value: Projected FCF

For the Beverages - Non-Alcoholic subindustry, Tsit Wing International 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.

Tsit Wing International Holdings's Price-to-Projected-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Tsit Wing International Holdings's Price-to-Projected-FCF falls into.

Tsit Wing International 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 Tsit Wing International Holdings's Free Cash Flow(6 year avg) = HK$65.75.

Tsit Wing International 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)
	=	(9.5203515959648	*	65.754714285714	+	590.436	*	0.8)	/	720.732
	=	1.52

Tsit Wing International Holdings (HKSE:02119) 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.

Tsit Wing International 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
	=	0.60	/	1.5239462089823
	=	0.39

Tsit Wing International Holdings Intrinsic Value: Projected FCF Related Terms

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Tsit Wing International Holdings (HKSE:02119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Tsit Wing International Holdings Ltd (HKSE:02119) » Definitions » Intrinsic Value: Projected FCF

Comparable Companies

Traded in Other Exchanges

N/A

Address

15–33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.twcoffee.com

Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.

Executives

Hero Asia Company Limited	2101 Beneficial owner
Li Ying Wah Irene	2202 Interest of your spouse
Wong Tat Tong
Hero Valour Limited	2401 A concert party to an agreement to buy shares
Dah Chong Hong Food International Holdings Limited	2101 Beneficial owner
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you

Tsit Wing International Holdings (HKSE:02119) Headlines

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