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Hamamatsu Photonics KK (TSE:6965) Intrinsic Value: Projected FCF : 円2,908.92 (As of Apr. 27, 2024)


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What is Hamamatsu Photonics KK 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 (2024-04-27), Hamamatsu Photonics KK's Intrinsic Value: Projected FCF is 円2,908.92. The stock price of Hamamatsu Photonics KK is 円5710.00. Therefore, Hamamatsu Photonics KK's Price-to-Intrinsic-Value-Projected-FCF of today is 2.0.

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

TSE:6965' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.87   Med: 2.26   Max: 3.43
Current: 1.96

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hamamatsu Photonics KK was 3.43. The lowest was 1.87. And the median was 2.26.

TSE:6965's Price-to-Projected-FCF is ranked worse than
63.83% of 1631 companies
in the Hardware industry
Industry Median: 1.4 vs TSE:6965: 1.96

Hamamatsu Photonics KK Intrinsic Value: Projected FCF Historical Data

The historical data trend for Hamamatsu Photonics KK'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.

Hamamatsu Photonics KK Intrinsic Value: Projected FCF Chart

Hamamatsu Photonics KK 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 1,749.30 1,730.10 2,024.97 2,752.02 2,908.92

Hamamatsu Photonics KK 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 - - - 2,908.92 -

Competitive Comparison of Hamamatsu Photonics KK's Intrinsic Value: Projected FCF

For the Electronic Components subindustry, Hamamatsu Photonics KK'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.


Hamamatsu Photonics KK's Price-to-Projected-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hamamatsu Photonics KK's Price-to-Projected-FCF distribution charts can be found below:

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



Hamamatsu Photonics KK 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 Hamamatsu Photonics KK's Free Cash Flow(6 year avg) = 円13,707.43.

Hamamatsu Photonics KK'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)
=(14.26395753773*13707.428571429+318644*0.8)/154.847
=2,908.92

* 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.


Hamamatsu Photonics KK  (TSE:6965) 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.

Hamamatsu Photonics KK's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=5710.00/2908.9189916131
=1.96

* 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.


Hamamatsu Photonics KK Intrinsic Value: Projected FCF Related Terms

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Hamamatsu Photonics KK (TSE:6965) Business Description

Industry
Traded in Other Exchanges
Address
325-6, Sunayama-cho, Naka-ku, Shizuoka Pref, Hamamatsu, JPN, 430-8587
Hamamatsu Photonics KK is a Japan-based company that manufactures and distributes optical components and devices for use in life science equipment and systems, drug discovery systems, and material evaluation systems. The firm operates in four segments: Electronic Tube segment, which manufactures photomultiplier tubes; Optical Semiconductor segment, which sells optical sensors and other semiconductor components; Image Measuring Equipment, which manufactures the equipment for various measurement systems; and Others, which includes the hospitality business.

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