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Greentown China Holdings (HKSE:03900) Intrinsic Value: Projected FCF : HK$7.47 (As of May. 24, 2024)


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What is Greentown China 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 (2024-05-24), Greentown China Holdings's Intrinsic Value: Projected FCF is HK$7.47. The stock price of Greentown China Holdings is HK$8.13. Therefore, Greentown China Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 1.1.

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

HKSE:03900' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.58   Med: 1.06   Max: 1.78
Current: 1.09

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Greentown China Holdings was 1.78. The lowest was 0.58. And the median was 1.06.

HKSE:03900's Price-to-Projected-FCF is ranked worse than
68.81% of 1273 companies
in the Real Estate industry
Industry Median: 0.65 vs HKSE:03900: 1.09

Greentown China Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Greentown China 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.

Greentown China Holdings Intrinsic Value: Projected FCF Chart

Greentown China Holdings 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 -25.32 -24.12 -18.10 -9.47 7.47

Greentown China 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 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 -18.10 - -9.47 - 7.47

Competitive Comparison of Greentown China Holdings's Intrinsic Value: Projected FCF

For the Real Estate - Development subindustry, Greentown China 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.


Greentown China Holdings's Price-to-Projected-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greentown China Holdings's Price-to-Projected-FCF distribution charts can be found below:

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



Greentown China 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 Greentown China Holdings's Free Cash Flow(6 year avg) = HK$-854.25.

Greentown China 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)
=(14.862653310476*-854.24557142857+39518.65*0.8)/2532.714
=7.47

* 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.


Greentown China Holdings  (HKSE:03900) 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.

Greentown China 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
=8.13/7.4696804415531
=1.09

* 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.


Greentown China Holdings Intrinsic Value: Projected FCF Related Terms

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Greentown China Holdings (HKSE:03900) Business Description

Traded in Other Exchanges
Address
No. 1 Hangda Road, 10th Floor, Block A, Dragon Century Plaza, Zhejiang, Hangzhou, CHN, 310007
Greentown China Holdings Ltd, or Greentown, is a China property developer headquartered in Hangzhou. Founded by Song Weiping, the company listed on the Hong Kong Stock Exchange in 2006. Predominantly a property developer is known for high-end residential projects with landbank geographically focused in Zhejiang and the Bohai Rim, Greentown is also noted for being one of the first developers to embark on the asset-light construction management model to generate development fee income from third-party construction and project management services. In June 2012, Wharf entered as a strategic shareholder of the company.
Executives
China Communications Construction Group Limited 2201 Interest of corporation controlled by you
Xiang Gang Xin Hu Tou Zi You Xian Gong Si 2101 Beneficial owner
Zhe Jiang Xin Hu Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Xin Hu Zhong Bao Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Li Ping 2202 Interest of your spouse
Huang Wei 2201 Interest of corporation controlled by you
Song Weiping
Cccg Holding (hk) Limited 2101 Beneficial owner
Wheelock And Company Limited 2201 Interest of corporation controlled by you
The Wharf (holdings) Limited 2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited 2301 Trustee
Ever Step Holdings Limited 2201 Interest of corporation controlled by you
First Pioneer Holdings Limited 2201 Interest of corporation controlled by you
King Focus International Limited 2201 Interest of corporation controlled by you
Ping An Securities Group (holdings) Limited 2201 Interest of corporation controlled by you

Greentown China Holdings (HKSE:03900) Headlines

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