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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 (2024-05-11), Marchex's Intrinsic Value: Projected FCF is $0.05. The stock price of Marchex is $1.26. Therefore, Marchex's Price-to-Intrinsic-Value-Projected-FCF of today is 25.2.
The historical rank and industry rank for Marchex's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Marchex was 27.20. The lowest was 0.64. And the median was 1.33.
The historical data trend for Marchex'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.
Marchex Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 2.62 | 1.14 | 0.52 | 0.35 | 0.05 |
Marchex 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 | 0.17 | 0.11 | 0.10 | 0.05 | - |
For the Advertising Agencies subindustry, Marchex'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.
For the Media - Diversified industry and Communication Services sector, Marchex's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Marchex's Price-to-Projected-FCF falls into.
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 Marchex's Free Cash Flow(6 year avg) = $-2.74.
Marchex'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 | * | -2.73888 | + | 34.853 | * | 0.8) | / | 47.715 | |
= | 0.04 |
* 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.
Marchex (NAS:MCHX) 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.
Marchex's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 1.26 | / | 0.037876965751732 | |
= | 33.27 |
* 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.
Thank you for viewing the detailed overview of Marchex's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Edenbrook Long Only Value Fund, Lp | 10 percent owner | EDENBROOK CAPITAL, LLC, 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Holly A Aglio | officer: CFO | C/O MARCHEX, INC., 1200 5TH AVE SUITE 1300, SEATTLE WA 98101 |
Troy Hartless | officer: Chief Revenue Officer | 20357 RIVER BANK STREET, STARLING VA 20165 |
Edwin A Miller | officer: Chief Executive Officer | C/O MARCHEX, INC., 520 PIKE STREET, SUITE 2000, SEATTLE WA 98101 |
Michael A Arends | officer: Chief Financial Officer | NONE, SEATTLE WA 98101 |
Leila Kirske | officer: Chief Financial Officer | C/O MARCHEX, INC., 520 PIKE STREET, SUITE 2000, SEATTLE WA 98101 |
John Roswech | officer: Chief Revenue Officer | C/O MARCHEX, INC., 520 PIKE STREET, SUITE 2000, SEATTLE WA 98101 |
Ryan Polley | officer: Chief Product/Strategy Officer | C/O MARCHEX, INC., 520 PIKE STREET, SUITE 2000, SEATTLE WA 98101 |
Don Cogsville | director | C/O MARCHEX, INC., 520 PIKE STREET, SUITE 2000, SEATTLE WA 98101 |
Edenbrook Capital, Llc | 10 percent owner | 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549 |
Jonathan Brolin | 10 percent owner | 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507 |
Prescott Group Capital Management, L.l.c. | 10 percent owner | 1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429 |
Ethan A Caldwell | officer: General Counsel & CAO | 413 PINE STREET, SEATTLE WA 98101 |
Phil Frohlich | 10 percent owner | 1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529 |
Ziad Ismail | officer: Chief Product Officer | C/O MARCHEX, INC., 520 PIKE STREET, SUITE 2000, SEATTLE WA 98101 |
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