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Fixstars (TSE:3687) Intrinsic Value: Projected FCF : 円436.83 (As of Jun. 07, 2024)


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What is Fixstars 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 (2024-06-07), Fixstars's Intrinsic Value: Projected FCF is 円436.83. The stock price of Fixstars is 円1782.00. Therefore, Fixstars's Price-to-Intrinsic-Value-Projected-FCF of today is 4.1.

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

TSE:3687' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 2.62   Med: 4.71   Max: 26.75
Current: 4.08

During the past 11 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Fixstars was 26.75. The lowest was 2.62. And the median was 4.71.

TSE:3687's Price-to-Projected-FCF is ranked worse than
81.78% of 1290 companies
in the Software industry
Industry Median: 1.59 vs TSE:3687: 4.08

Fixstars Intrinsic Value: Projected FCF Historical Data

The historical data trend for Fixstars'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.

Fixstars Intrinsic Value: Projected FCF Chart

Fixstars Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 253.37 302.32 301.88 386.50 436.83

Fixstars 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 - - 436.83 - -

Competitive Comparison of Fixstars's Intrinsic Value: Projected FCF

For the Software - Application subindustry, Fixstars'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.


Fixstars's Price-to-Projected-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Fixstars's Price-to-Projected-FCF distribution charts can be found below:

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



Fixstars 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 Fixstars's Free Cash Flow(6 year avg) = 円741.13.

Fixstars'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 (Sep23)*0.8)/Shares Outstanding (Diluted Average)
=(12.87061389047*741.12928571429+5641.249*0.8)/32.168
=436.83

* 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.


Fixstars  (TSE:3687) 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.

Fixstars's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1782.00/436.8250459882
=4.08

* 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.


Fixstars Intrinsic Value: Projected FCF Related Terms

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Fixstars (TSE:3687) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-11-1 Ohsaki, Shinagawa-Ku, Gate City Ohsaki West Tower 18Floor, Tokyo, JPN, 141-0032
Fixstars Corp is a Japan based software company. It offers multicore processors and application acceleration for the next generation of memory technology that delivers high speed IO as well as power savings. The solutions offered by the company are quantum computing, IoT, machine learning and FPGA. It operates in the business areas of Automotive, Flash storage, Industrial equipment, Finance, Healthcare and HPC. The company's products are M-cubed, Geometric Performance Primitives, FlashAir and Yellow Dog Appliance Server.

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