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Bakkt Holdings (Bakkt Holdings) Intrinsic Value: Projected FCF : $0.00 (As of Jun. 05, 2024)


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What is Bakkt 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 (2024-06-05), Bakkt Holdings's Intrinsic Value: Projected FCF is $0.00. The stock price of Bakkt Holdings is $18.12. Therefore, Bakkt Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

BKKT's Price-to-Projected-FCF is not ranked *
in the Software industry.
Industry Median: 1.59
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Bakkt Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Bakkt 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.

Bakkt Holdings Intrinsic Value: Projected FCF Chart

Bakkt Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
- - - -

Bakkt Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Bakkt Holdings's Intrinsic Value: Projected FCF

For the Software - Infrastructure subindustry, Bakkt 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.


Bakkt Holdings's Price-to-Projected-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Bakkt Holdings's Price-to-Projected-FCF distribution charts can be found below:

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



Bakkt 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)



Bakkt Holdings  (NYSE:BKKT) 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.

Bakkt 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
=18.12/
=

* 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.


Bakkt Holdings Intrinsic Value: Projected FCF Related Terms

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Bakkt Holdings (Bakkt Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
10000 Avalon Boulevard, Suite 1000, Alpharetta, GA, USA, 30009
Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience, and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.
Executives
Vpc Impact Acquisition Holdings Sponsor, Llc director, 10 percent owner, other: See Remarks 150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606
Sean Roberts Collins director C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Marc D'annunzio officer: General Counsel & Secretary C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Mark Sonbolian Elliot officer: Chief Sales & Mktg Officer C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Michael Gavin Constantine director, officer: Chief Executive Officer C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Karen Alexander officer: Chief Accounting Officer C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTE GA 30009
Charles Goodroe officer: Chief Accounting Officer C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
Meredith Spatz officer: Chief Customer Officer C/O BAKKT HOLDINGS INC., 10000 AVALON BLVD., SUITE 1000, ALPHARETTA GA 30009
De'ana Dow director C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Jill Simeone director C/O ETSY, 117 ADAMS STREET, BROOKLYN NY 11201
Nancy Gordon officer: EVP Loyalty Rewards & Payments C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005
Andrew A Main director C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Daniel O'prey officer: EVP, Digital Assets C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Michael Leroy Lewis officer: EVP Engineering & Operations C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA GA 30009
Matthew Alan Johnson officer: Chief Technology Officer C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTA GA 30005

Bakkt Holdings (Bakkt Holdings) Headlines

From GuruFocus

Bakkt to Participate in Four Upcoming Investor Forums in March

By Business Wire Business Wire 02-22-2023

Sullivan Bank Partners with Bakkt to Offer Crypto Services for Customers

By Business Wire Business Wire 08-24-2022

Bakkt To Participate in Needham Virtual Crypto Conference

By Business Wire Business Wire 09-01-2022

Bakkt Appoints Karen Alexander Chief Financial Officer

By Business Wire Business Wire 08-09-2022

Bakkt to Acquire Apex Crypto

By Business Wire Business Wire 11-03-2022

Bakkt Schedules Conference Call to Discuss Third Quarter 2022 Results

By Business Wire Business Wire 10-27-2022

Bakkt to Participate in Needham Growth Conference

By Business Wire Business Wire 01-03-2023