What is Hongkong Land Holdings 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 (2024-06-20), Hongkong Land Holdings's Intrinsic Value: Projected FCF is $11.69. The stock price of Hongkong Land Holdings is $3.21. Therefore, Hongkong Land Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for Hongkong Land Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hongkong Land Holdings was 0.59. The lowest was 0.27. And the median was 0.41.
Hongkong Land Holdings Intrinsic Value: Projected FCF Historical Data
The historical data trend for Hongkong Land Holdings'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.
Hongkong Land Holdings Intrinsic Value: Projected FCF Chart
Hongkong Land Holdings Annual Data | ||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 15.95 | 12.53 | 12.12 | 12.11 | 11.69 |
Hongkong Land Holdings 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 | 12.12 | - | 12.11 | - | 11.69 |
Competitive Comparison of Hongkong Land Holdings's Intrinsic Value: Projected FCF
For the Real Estate - Development subindustry, Hongkong Land Holdings'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.
Hongkong Land Holdings's Price-to-Projected-FCF Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Hongkong Land Holdings's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Hongkong Land Holdings's Price-to-Projected-FCF falls into.
Hongkong Land Holdings 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 Hongkong Land Holdings's Free Cash Flow(6 year avg) = $34.29.
Hongkong Land Holdings'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 | * | 34.285714285714 | + | 31965.4 | * | 0.8) | / | 2215.100 | |
= | 11.69 |
* 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.
Hongkong Land Holdings(SGX:H78) 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.
Hongkong Land Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 3.21 | / | 11.691901970439 | |
= | 0.27 |
* 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.
Hongkong Land Holdings Intrinsic Value: Projected FCF Related Terms
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Hongkong Land Holdings (SGX:H78) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Real Estate » Real Estate » Hongkong Land Holdings Ltd (SGX:H78) » Definitions » Intrinsic Value: Projected FCF
Comparable Companies
SGX:C09 SGX:U14 SGX:ADN SGX:W05 SGX:Z25 SGX:B61 SGX:A26 SGX:5UX SGX:F1E SGX:C33 HKSE:00016 HKSE:01109 BOM:532868 HKSE:00688 DFM:EMAAR SHSE:600048 TSE:1925 BOM:543287 HKSE:01113 SZSE:000002
Traded in Other Exchanges
HNGKY:USA HKHGF:USA HKLD:UK HLH:Germany
Address
33-35 Street, Jardine House, 4th Floor, Hamilton, BMU
Website
Hongkong Land is a property investor focusing on holding prime commercial assets in Hong Kong, mainland China and Singapore. It is the largest office landlord in Hong Kong's Central Business District and the second largest in Hong Kong overall. The Central portfolio includes 4.1 million square feet of office space and 0.6 million square feet of retail space. The company also holds 1.6 million square feet of office space in Singapore. The company also has property development business in mainland China, Singapore, and Southeast Asia. Hongkong Land is dual listed on the London Stock Exchange and the Singapore Exchange. Jardine Matheson Holdings owns 53% of the company.
Hongkong Land Holdings (SGX:H78) Headlines
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