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Brunner Investment Trust (The) (LSE:BUT) Intrinsic Value: Projected FCF : £13.17 (As of Jun. 05, 2024)


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What is Brunner Investment Trust (The) 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 (2024-06-05), Brunner Investment Trust (The)'s Intrinsic Value: Projected FCF is £13.17. The stock price of Brunner Investment Trust (The) is £13.25. Therefore, Brunner Investment Trust (The)'s Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for Brunner Investment Trust (The)'s Intrinsic Value: Projected FCF or its related term are showing as below:

LSE:BUT' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.65   Med: 0.79   Max: 1.02
Current: 1.01

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Brunner Investment Trust (The) was 1.02. The lowest was 0.65. And the median was 0.79.

LSE:BUT's Price-to-Projected-FCF is ranked worse than
55.97% of 929 companies
in the Asset Management industry
Industry Median: 0.94 vs LSE:BUT: 1.01

Brunner Investment Trust (The) Intrinsic Value: Projected FCF Historical Data

The historical data trend for Brunner Investment Trust (The)'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.

Brunner Investment Trust (The) Intrinsic Value: Projected FCF Chart

Brunner Investment Trust (The) Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.41 12.88 14.50 11.59 13.17

Brunner Investment Trust (The) Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 14.50 - 11.59 - 13.17

Competitive Comparison of Brunner Investment Trust (The)'s Intrinsic Value: Projected FCF

For the Asset Management subindustry, Brunner Investment Trust (The)'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.


Brunner Investment Trust (The)'s Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brunner Investment Trust (The)'s Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Brunner Investment Trust (The)'s Price-to-Projected-FCF falls into.



Brunner Investment Trust (The) 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 Brunner Investment Trust (The)'s Free Cash Flow(6 year avg) = £10.94.

Brunner Investment Trust (The)'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 (Nov23)*0.8)/Shares Outstanding (Diluted Average)
=(12.782718065916*10.936714285714+528.21*0.8)/42.693
=13.17

* 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.


Brunner Investment Trust (The)  (LSE:BUT) 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.

Brunner Investment Trust (The)'s Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=13.25/13.172392084926
=1.01

* 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.


Brunner Investment Trust (The) Intrinsic Value: Projected FCF Related Terms

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Brunner Investment Trust (The) (LSE:BUT) Business Description

Traded in Other Exchanges
Address
199 Bishopsgate, London, GBR, EC2M 3TY
Brunner Investment Trust (The) PLC is a United Kingdom-based investment trust investing in a portfolio of the UK and international securities. The Trust's objective is to increase its total return above the benchmark index of 50% FTSE All-Share and 50% FTSE World Ex UK Index (ex UK sterling adjusted) over the long term, by investing in the UK and international securities. The strategy of the Trust meets the requirements of those seeking a single investment in a diversified and professionally managed portfolio.

Brunner Investment Trust (The) (LSE:BUT) Headlines

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