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ICTS International NV (ICTS International NV) Intrinsic Value: DCF (Dividends Based) : $ (As of May. 21, 2024)


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What is ICTS International NV Intrinsic Value: DCF (Dividends Based)?

As of today (2024-05-21), ICTS International NV's intrinsic value calculated from the Discounted Dividend model is $.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

ICTS International NV's Predictability Rank is 1-Star. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for ICTS International NV is

The historical rank and industry rank for ICTS International NV's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

ICTSF's Price-to-DCF (Dividends Based) is not ranked *
in the Business Services industry.
Industry Median: 0.865
* Ranked among companies with meaningful Price-to-DCF (Dividends Based) only.

ICTS International NV Intrinsic Value: DCF (Dividends Based) Historical Data

The historical data trend for ICTS International NV's Intrinsic Value: DCF (Dividends Based) 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.

ICTS International NV Intrinsic Value: DCF (Dividends Based) Chart

ICTS International NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: DCF (Dividends Based)
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ICTS International NV 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: DCF (Dividends Based) 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 - - - - -

Competitive Comparison of ICTS International NV's Intrinsic Value: DCF (Dividends Based)

For the Security & Protection Services subindustry, ICTS International NV's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) 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.


ICTS International NV's Price-to-DCF (Dividends Based) Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ICTS International NV's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where ICTS International NV's Price-to-DCF (Dividends Based) falls into.



ICTS International NV Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 9%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 2.62%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = %
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
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3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = $.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

ICTS International NV's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+)/(1+0.09) =
and y = (1+g2)/(1+d) = (1+)/(1+0.09) =

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=*
=

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= ( - 6.60) /

* 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.


ICTS International NV  (OTCPK:ICTSF) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


ICTS International NV Intrinsic Value: DCF (Dividends Based) Related Terms

Thank you for viewing the detailed overview of ICTS International NV's Intrinsic Value: DCF (Dividends Based) provided by GuruFocus.com. Please click on the following links to see related term pages.


ICTS International NV (ICTS International NV) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Walaardt Sacrestraat 425-5, 1117 BM Schiphol-Oost, Amsterdam, NH, NLD, 1117
ICTS International NV provides aviation security and other aviation services. Business activity of the firm is operated through Corporate, Airport security and other aviation services, and Authentication Technology segments. The Airport security and other aviation segment provide security and other services to airlines and airport authorities, predominantly in Europe and the U.S. The Authentication technology segment is involved in the development and sale of authentication security software to financial and other institutions. The geographical presence of the company in Germany, United States, Netherlands, Spain and Other countries out of its majority of the revenue generated from Germany.
Executives
Rom Shaked other: Managing Director 79 EERSTE OOSTERPARKSTRAAT, AMSTERDAM P7 1091GW
Igal Tabori 10 percent owner 19 ALUMIM STREET, TEL AVIV L3 69690
Philip Getter director, 10 percent owner PRIME CHARTER LTD, 810 SEVENTH AVE, NEW YORK NY 10019
Spencer Corp 10 percent owner AM HANSAKAI 14, ROSTOCK 2M 18147
Menachem Atzmon director ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
David W Sass director, 10 percent owner 260 MADISON AVE 18TH FLR, NEW YORK NY 10016
Gail Lieberman director 175 EAST 79TH STREET, APT. 4D, NEW YORK NY 10075
Gordon Hausmann director C/O CH. HAUSMANN & CO., 5 DE WALDEN COURT 85 NEW CAVENDISH STREE, LONDON X0 W1W6XD
Ron Atzmon director 18A YAAKOV STREET, TEL AVIV L3 6901552
Gil Atzmon director 2 HACHERMESH STREET, SAVYON L3 0000000000
Alon Raich director C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000
Elie Housman director 600 WEST END AVENUE 12-CD, NEW YORK NY 10022
Amos Megides 10 percent owner 21 MOROD HANACHAL STREET, HOFIT L3 40300
Ran Langer officer: Managing Director ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020
Dan Avraham officer: Managing Director ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020