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JPMorgan China Growth &ome (CHIX:JCGIL) Intrinsic Value: Projected FCF : £2.17 (As of May. 17, 2024)


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What is JPMorgan China Growth &ome 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 (2024-05-17), JPMorgan China Growth &ome's Intrinsic Value: Projected FCF is £2.17. The stock price of JPMorgan China Growth &ome is £2.52. Therefore, JPMorgan China Growth &ome's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for JPMorgan China Growth &ome's Intrinsic Value: Projected FCF or its related term are showing as below:

CHIX:JCGIl' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.02   Med: 1.09   Max: 1.2
Current: 1.16

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of JPMorgan China Growth &ome was 1.20. The lowest was 1.02. And the median was 1.09.

CHIX:JCGIl's Price-to-Projected-FCF is ranked worse than
64.46% of 937 companies
in the Asset Management industry
Industry Median: 0.94 vs CHIX:JCGIl: 1.16

JPMorgan China Growth &ome Intrinsic Value: Projected FCF Historical Data

The historical data trend for JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome Intrinsic Value: Projected FCF Chart

JPMorgan China Growth &ome 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 2.85 4.46 4.75 2.74 2.14

JPMorgan China Growth &ome Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 4.75 - 2.74 - 2.14

Competitive Comparison of JPMorgan China Growth &ome's Intrinsic Value: Projected FCF

For the Asset Management subindustry, JPMorgan China Growth &ome'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.


JPMorgan China Growth &ome's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan China Growth &ome's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where JPMorgan China Growth &ome's Price-to-Projected-FCF falls into.



JPMorgan China Growth &ome 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 JPMorgan China Growth &ome's Free Cash Flow(6 year avg) = £-0.56.

JPMorgan China Growth &ome'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)
=(11.936106726364*-0.56144+229.772*0.8)/83.202
=2.13

* 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.


JPMorgan China Growth &ome  (CHIX:JCGIl) 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.

JPMorgan China Growth &ome's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=2.52/2.1287492156384
=1.18

* 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.


JPMorgan China Growth &ome Intrinsic Value: Projected FCF Related Terms

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JPMorgan China Growth &ome (CHIX:JCGIL) Business Description

Traded in Other Exchanges
Address
60 Victoria Embankment, London, GBR, EC4Y0JP
JPMorgan China Growth & Income PLC is an investment trust company. Its investment objective is to provide long term capital growth by investment in Greater China companies. The company seeks to achieve its determined objectives, it invests in securities quoted on the stock exchanges of China, Hong Kong, and Taiwan or which derive a substantial part of their revenues or profits from these territories. It may use gearing up to a maximum level of nearly 20% of shareholders' funds to increase potential returns to shareholders. The company invests no more than 15% of gross assets in other UK listed investment companies. It reviews its performance against MSCI China Index, with net dividends reinvested, in sterling terms.

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