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DeVry Education Group Inc (NYSE:DV)
Intrinsic Value (DCF Projected)
$48.55 (As of Today)

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value (DCF), or Discounted Earnings (DCE) Intrinsic Value (DE) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Discounted 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, DeVry Education Group Inc's DCF projected intrinsic value is $48.55. The stock price of DeVry Education Group Inc is $49.05. Therefore, DeVry Education Group Inc's Price to Intrinsic Value (DCF Projected) Ratio of today is 1.0.

DV' s 10-Year Price to Intrinsic Value (DCF Projected) Range
Min: 0.37   Max: 7.65
Current: 1

0.37
7.65

During the past 13 years, the highest Price to Intrinsic Value (DCF Projected) Ratio of DeVry Education Group Inc was 7.65. The lowest was 0.37. And the median was 1.61.

DV's Price to Intrinsic Value (DCF Projected) is ranked higher than
80% of the 151 Companies
in the Global Education & Training Services industry.

( Industry Median: 3.71 vs. DV: 1.00 )

Definition

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value (DCF), or Discounted Earnings (DCE) Intrinsic Value (DE) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Discounted 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 DeVry Education Group Inc's FCF(6 year avg) is calculate as

DeVry Education Group Inc Quarterly Data

201206201209201212201303201306201309201312201403201406201409
total_freecashflow -115138-671-55119-39136-29120
200912201003201006201009201012201103201106201109201112201203
total_freecashflow 55174-11917347174-1221533107
200812200903200906200909
total_freecashflow 27124-62151

Add all the Free Cash Flow together and divide 6 will get DeVry Education Group Inc's FCF(6 year avg) = $204.22.

DeVry Education Group Inc's DCF Projected Intrinsic Value for today is calculated as

Intrinsic Value=(Growth Multiple*Free Cash Flow(6 year avg)+Total Equity(Sep14)*0.8)/Shares Outstanding
=(9.52035159596*204.2245+1540.171*0.8)/65.429
=48.55

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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.

DeVry Education Group Inc's Price to DCF Projected Intrinsic Value Ratio for today is calculated as

Price to DCF Projected Intrinsic Value=Share Price/DCF Projected Intrinsic Value
=49.05/48.5476752588
=1.01

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Intrinsic Value (DE), Intrinsic Value (DCF), Free Cash Flow


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

DeVry Education Group Inc Annual Data

Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14
iv_dcf_share 13.9513.6915.5921.4331.1939.4152.7357.5957.4050.11

DeVry Education Group Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
iv_dcf_share 57.5961.4960.8063.7457.4056.0051.4752.4950.1148.55
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