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Dah Sing Banking Group (HKSE:02356) Intrinsic Value: Projected FCF : HK$26.36 (As of Apr. 25, 2024)


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What is Dah Sing Banking Group 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 (2024-04-25), Dah Sing Banking Group's Intrinsic Value: Projected FCF is HK$26.36. The stock price of Dah Sing Banking Group is HK$6.36. Therefore, Dah Sing Banking Group's Price-to-Intrinsic-Value-Projected-FCF of today is 0.2.

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

HKSE:02356' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.21   Med: 0.6   Max: 0.93
Current: 0.24

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Dah Sing Banking Group was 0.93. The lowest was 0.21. And the median was 0.60.

HKSE:02356's Price-to-Projected-FCF is ranked better than
78.04% of 1216 companies
in the Banks industry
Industry Median: 0.44 vs HKSE:02356: 0.24

Dah Sing Banking Group Intrinsic Value: Projected FCF Historical Data

The historical data trend for Dah Sing Banking Group'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.

Dah Sing Banking Group Intrinsic Value: Projected FCF Chart

Dah Sing Banking Group 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 30.89 31.38 23.74 26.36 -

Dah Sing Banking Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 23.74 - 26.36 - -

Competitive Comparison of Dah Sing Banking Group's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, Dah Sing Banking Group'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.


Dah Sing Banking Group's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Dah Sing Banking Group's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Dah Sing Banking Group's Price-to-Projected-FCF falls into.



Dah Sing Banking Group 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 Dah Sing Banking Group's Free Cash Flow(6 year avg) = HK$1,128.59.

Dah Sing Banking Group'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*1128.59+32889.443*0.8)/1405.752
=26.36

* 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.


Dah Sing Banking Group  (HKSE:02356) 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.

Dah Sing Banking Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=6.36/26.360359442981
=0.24

* 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.


Dah Sing Banking Group Intrinsic Value: Projected FCF Related Terms

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Dah Sing Banking Group (HKSE:02356) Business Description

Traded in Other Exchanges
Address
248 Queen’s Road East, 26th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Dah Sing Banking Group Ltd is a bank holding company. It operates in five segments: Personal Banking, Commercial Banking, Treasury and Global Marets, Overseas Banking, and Others. The Personal Banking segment deals in deposits from individual customers, the extension of residential mortgage lending, personal loans, insurance, and investment services. The commercial banking segment provides similar services to institutional customers and organizations. The Treasury segment provides foreign exchange services and centralized cash management for deposit-taking & lending, interest rate risk management, management of investment in securities, and overall funding. Overseas banking businesses include personal banking, and commercial banking business activities provided by overseas subsidiaries.

Dah Sing Banking Group (HKSE:02356) Headlines

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