GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Elecnor SA (XMAD:ENO) » Definitions » Intrinsic Value: Projected FCF

Elecnor (XMAD:ENO) Intrinsic Value: Projected FCF : €16.74 (As of Apr. 26, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Elecnor 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 (2024-04-26), Elecnor's Intrinsic Value: Projected FCF is €16.74. The stock price of Elecnor is €20.40. Therefore, Elecnor's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

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

XMAD:ENO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.72   Med: 1.86   Max: 6.51
Current: 1.22

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Elecnor was 6.51. The lowest was 0.72. And the median was 1.86.

XMAD:ENO's Price-to-Projected-FCF is ranked worse than
60.54% of 1138 companies
in the Construction industry
Industry Median: 0.91 vs XMAD:ENO: 1.22

Elecnor Intrinsic Value: Projected FCF Historical Data

The historical data trend for Elecnor'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.

Elecnor Intrinsic Value: Projected FCF Chart

Elecnor 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 4.25 5.91 11.74 14.72 16.74

Elecnor 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 11.74 - 14.72 - 16.74

Competitive Comparison of Elecnor's Intrinsic Value: Projected FCF

For the Infrastructure Operations subindustry, Elecnor'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.


Elecnor's Price-to-Projected-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Elecnor's Price-to-Projected-FCF distribution charts can be found below:

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



Elecnor 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 Elecnor's Free Cash Flow(6 year avg) = €70.31.

Elecnor'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)
=(9.8522006035458*70.308571428571+906.452*0.8)/84.700
=16.74

* 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.


Elecnor  (XMAD:ENO) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=20.40/16.739737306529
=1.22

* 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.


Elecnor Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Elecnor's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Elecnor (XMAD:ENO) Business Description

Industry
Traded in Other Exchanges
Address
Paseo de la Castellana, 81, 20th Floor, Madrid, ESP, 28046
Elecnor SA is a Spanish engineering and construction company. The company organizes itself into two segments: Services and Projects business, and Concessions business. It generates the vast majority of revenue from the Services and Projects business segment. It generates electricity, operates power lines and substations, provides gas pipeline services, provides services for railways, develops telecommunications infrastructure, and constructs and maintains other infrastructure projects. The company derives approximately half of its revenue domestically.

Elecnor (XMAD:ENO) Headlines

No Headlines