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Mapletree Logistics Trust (SGX:M44U) Intrinsic Value: Projected FCF : S$2.08 (As of May. 11, 2024)


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What is Mapletree Logistics Trust 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 (2024-05-11), Mapletree Logistics Trust's Intrinsic Value: Projected FCF is S$2.08. The stock price of Mapletree Logistics Trust is S$1.37. Therefore, Mapletree Logistics Trust's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

The historical rank and industry rank for Mapletree Logistics Trust's Intrinsic Value: Projected FCF or its related term are showing as below:

SGX:M44U' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.62   Med: 0.84   Max: 1.96
Current: 0.66

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Mapletree Logistics Trust was 1.96. The lowest was 0.62. And the median was 0.84.

SGX:M44U's Price-to-Projected-FCF is ranked better than
51.19% of 547 companies
in the REITs industry
Industry Median: 0.67 vs SGX:M44U: 0.66

Mapletree Logistics Trust Intrinsic Value: Projected FCF Historical Data

The historical data trend for Mapletree Logistics Trust'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.

Mapletree Logistics Trust Intrinsic Value: Projected FCF Chart

Mapletree Logistics Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 1.77 1.86 2.01 2.07

Mapletree Logistics Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.03 2.07 2.05 2.07 2.08

Competitive Comparison of Mapletree Logistics Trust's Intrinsic Value: Projected FCF

For the REIT - Industrial subindustry, Mapletree Logistics Trust'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.


Mapletree Logistics Trust's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mapletree Logistics Trust's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Mapletree Logistics Trust's Price-to-Projected-FCF falls into.



Mapletree Logistics Trust 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 Mapletree Logistics Trust's Free Cash Flow(6 year avg) = S$452.93.

Mapletree Logistics Trust'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*452.92976+7534.96*0.8)/4965.834
=2.08

* 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.


Mapletree Logistics Trust  (SGX:M44U) 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.

Mapletree Logistics Trust's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.37/2.0822320205379
=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.


Mapletree Logistics Trust Intrinsic Value: Projected FCF Related Terms

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Mapletree Logistics Trust (SGX:M44U) Business Description

Industry
Traded in Other Exchanges
Address
10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Logistics Trust is a real estate investment trust focusing on logistics properties. As of March 31, 2023, the trust had a SGD 12.8 billion portfolio of 185 properties, spread across Singapore, Hong Kong, Japan, China, South Korea, Australia, Malaysia, Vietnam, and India. The trust is externally managed by Mapletree Logistics Trust Management Ltd, a subsidiary of Mapletree Investments Pte Ltd, which owns around a 32% stake in the trust.

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