Market Cap | 361.43 M | P/E(ttm) | 11.35 |
---|---|---|---|
Enterprise Value | 258.6 M | P/B | 0.97 |
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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, BBX Capital Corp's projected FCF intrinsic value is $20.24. The stock price of BBX Capital Corp is $21.67. Therefore, BBX Capital Corp's Price to Intrinsic Value: Projected FCF Ratio of today is 1.1.
During the past 13 years, the highest Price to Intrinsic Value: Projected FCF Ratio of BBX Capital Corp was 3.15. The lowest was 0.13. And the median was 0.69.
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 equity.
Value = ((Growth Multiple)*Free Cash Flow(6 year avg) + 0.8*Total Equity(most recent))/Shares Outstanding
In the case of negative total equity, the following formula is used (see the Total Equity section for the reason):
Value = ((Growth Multiple)*Free Cash Flow(6 year avg) + Total Equity(most recent)/0.8)/Shares Outstanding
Here BBX Capital Corp's FCF(6 year avg) is calculate as
BBX Capital Corp Quarterly Data
201406 | 201409 | 201412 | 201503 | 201506 | 201509 | 201512 | 201603 | 201606 | 201609 | |
total_freecashflow | 10.7 | 3.1 | -4.4 | -11.3 | -2.1 | -2.1 | -4.1 | -8.4 | -1.7 | 2.0 |
201112 | 201203 | 201206 | 201209 | 201212 | 201303 | 201306 | 201309 | 201312 | 201403 | |
total_freecashflow | 3.7 | 9.2 | 5.6 | -0.7 | -9.1 | -4.5 | -4.4 | 1.8 | 6.7 | -7.7 |
201012 | 201103 | 201106 | 201109 | |||||||
total_freecashflow | 0.0 | 22.9 | 19.9 | 14.0 |
Add all the Free Cash Flow together and divide 6 will get BBX Capital Corp's FCF(6 year avg) = $6.50.
BBX Capital Corp's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value | = | (Growth Multiple | * | Free Cash Flow(6 year avg) | + | Total Equity(Sep16) | * | 0.8) | / | Shares Outstanding |
= | (9.52035159596 | * | 6.4955 | + | 356.065 | * | 0.8) | / | 17.270 | |
= | 20.07 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
The growth multiple is capped between 8.35 and 17.74.
Total 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 medium after taking the above ideas into consideration. Learn more here.
BBX Capital Corp's Price to Intrinsic Value: Projected FCF Ratio for today is calculated as
Price to Intrinsic Value: Projected FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 21.67 | / | 20.0747796058 | |
= | 1.08 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Intrinsic Value: DCF (Earnings Based), Intrinsic Value: DCF (FCF Based), Free Cash Flow
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
BBX Capital Corp Annual Data
Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |
Projected FCF | 218.16 | 148.66 | 130.70 | 24.36 | 15.23 | 14.80 | 36.43 | 40.47 | 34.99 | 31.50 |
BBX Capital Corp Quarterly Data
Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
Projected FCF | 38.25 | 36.52 | 34.99 | 33.51 | 30.78 | 28.23 | 31.50 | 29.86 | 22.70 | 20.24 |