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Taiwan Styrene Monomer (TPE:1310) Intrinsic Value: Projected FCF : NT$16.56 (As of May. 16, 2024)


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What is Taiwan Styrene Monomer 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 (2024-05-16), Taiwan Styrene Monomer's Intrinsic Value: Projected FCF is NT$16.56. The stock price of Taiwan Styrene Monomer is NT$14.00. Therefore, Taiwan Styrene Monomer's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Taiwan Styrene Monomer's Intrinsic Value: Projected FCF or its related term are showing as below:

TPE:1310' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.62   Med: 0.87   Max: 2.22
Current: 0.85

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Taiwan Styrene Monomer was 2.22. The lowest was 0.62. And the median was 0.87.

TPE:1310's Price-to-Projected-FCF is ranked better than
64.99% of 1074 companies
in the Chemicals industry
Industry Median: 1.265 vs TPE:1310: 0.85

Taiwan Styrene Monomer Intrinsic Value: Projected FCF Historical Data

The historical data trend for Taiwan Styrene Monomer'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.

Taiwan Styrene Monomer Intrinsic Value: Projected FCF Chart

Taiwan Styrene Monomer 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 26.39 26.36 25.44 17.86 15.95

Taiwan Styrene Monomer 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 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 16.65 17.30 17.86 15.95 16.56

Competitive Comparison of Taiwan Styrene Monomer's Intrinsic Value: Projected FCF

For the Chemicals subindustry, Taiwan Styrene Monomer'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.


Taiwan Styrene Monomer's Price-to-Projected-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taiwan Styrene Monomer's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Taiwan Styrene Monomer's Price-to-Projected-FCF falls into.



Taiwan Styrene Monomer 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 Taiwan Styrene Monomer's Free Cash Flow(6 year avg) = NT$332.98.

Taiwan Styrene Monomer'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*332.97616+6965.766*0.8)/527.870
=16.56

* 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.


Taiwan Styrene Monomer  (TPE:1310) 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.

Taiwan Styrene Monomer's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=14.00/16.562151507519
=0.85

* 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.


Taiwan Styrene Monomer Intrinsic Value: Projected FCF Related Terms

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Taiwan Styrene Monomer (TPE:1310) Business Description

Traded in Other Exchanges
N/A
Address
No. 6 Roosevelt Road, Sec. 1, 8th-1 Floor, Taipei, TWN
Taiwan Styrene Monomer Corp is engaged in the manufacturing and distribution of styrene monomer and related products. The company also offers toluene that is used as an organic solvent and para-diethyl benzene, which is used as the solvent of polystyrene. The company's main customers for the polystyrene are ABS resin and synthetic rubber manufacturers. Its products are generally used in electrical appliances, machinery, electronics, automotive, packaging and other industries.

Taiwan Styrene Monomer (TPE:1310) Headlines

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