GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » JMP Group LLC (NYSE:JMP) » Definitions » Intrinsic Value: Projected FCF

JMP Group LLC (JMP Group LLC) Intrinsic Value: Projected FCF : $12.03 (As of Apr. 26, 2024)


View and export this data going back to 2007. Start your Free Trial

What is JMP Group LLC 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 (2024-04-26), JMP Group LLC's Intrinsic Value: Projected FCF is $12.03. The stock price of JMP Group LLC is $7.50. Therefore, JMP Group LLC's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

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

JMP' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.49   Med: 0.89   Max: 3.92
Current: 0.62

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of JMP Group LLC was 3.92. The lowest was 0.49. And the median was 0.89.

JMP's Price-to-Projected-FCF is not ranked
in the Capital Markets industry.
Industry Median: 1.07 vs JMP: 0.62

JMP Group LLC Intrinsic Value: Projected FCF Historical Data

The historical data trend for JMP Group LLC'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.

JMP Group LLC Intrinsic Value: Projected FCF Chart

JMP Group LLC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.13 7.59 7.97 4.18 6.14

JMP Group LLC Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 4.23 6.14 3.49 9.40 12.03

Competitive Comparison of JMP Group LLC's Intrinsic Value: Projected FCF

For the Capital Markets subindustry, JMP Group LLC'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.


JMP Group LLC's Price-to-Projected-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, JMP Group LLC's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where JMP Group LLC's Price-to-Projected-FCF falls into.



JMP Group LLC 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 JMP Group LLC's Free Cash Flow(6 year avg) = $19.28.

JMP Group LLC'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 (Sep21)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*19.2824+90.773*0.8)/21.300
=12.03

* 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.


JMP Group LLC  (NYSE:JMP) 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.

JMP Group LLC's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=7.50/12.027869841034
=0.62

* 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.


JMP Group LLC Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of JMP Group LLC's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


JMP Group LLC (JMP Group LLC) Business Description

Traded in Other Exchanges
N/A
Address
600 Montgomery Street, Suite 1100, San Francisco, CA, USA, 94111
JMP Group LLC is an investment bank that focuses its investment banking and equity research services on small and middle-market firms in five industries: consumer, financial services, health care, real estate, and technology. JMP provides capital raising, financial advisory, sales and trading, and equity research services. JMP also manages more than $1 billion of assets through its hedge funds and collateralized loan obligation management business.
Executives
Glenn H Tongue director 600 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94111
Craig R Johnson director 600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Kenneth M Karmin director 11111 SANTA MONICA BLVD. SUITE 1640 LOS ANGELES CA 90025
Harry Mark Lunenburg director C/O TALON CAPITAL 1001 FARMINGTON AVE WEST HARTFORD CT 06107
David M Dipietro director 10 CHITTENDEN LANE OWINGS MILLS MD 21117
Jonathan M Orszag director C/O COMPASS LEXECON 1101 K STREET NW, 8TH FLOOR WASHINGTON DC 20005
Joseph A Jolson director, 10 percent owner, officer: CEO 600 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94111
Thomas Rowe Wright officer: Director of Equities 450 PARK AVENUE 5TH FLOOR NEW YORK NY 10022
Carter D Mack director, officer: President 600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Raymond Jackson officer: CFO 600 MONTGOMERY STREET SUITE 1100 SAN FRANCISCO CA 94111
Mark L Lehmann director, officer: President, JMP Securities 600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Kent Ledbetter other: executive committee member 600 MONTGOMERY STREET SUITE 1100 SAN FRANCISCO CA 94111

JMP Group LLC (JMP Group LLC) Headlines

From GuruFocus

JMP Group Announces Management Changes

By Business Wire Business Wire 07-31-2020

JMP Group Announces Partial Redemption of 7.25% Senior Notes Due 2027

By Business Wire Business Wire 06-16-2021

CEO and Part Owner of JMP Group Invests in Company

By Jennifer Chiou Jennifer Chiou 01-20-2016

JMP Group Divests Interest in Harvest Capital Credit Corporation

By Business Wire Business Wire 06-11-2021

JMP Group Announces Shareholder Approval of Merger

By Business Wire Business Wire 11-12-2021

JMP Group Announces the Termination of Self-Tender Offer

By Business Wire Business Wire 03-20-2020

JMP Group Announces Partial Redemption of 7.25% Senior Notes Due 2027

By Business Wire Business Wire 05-26-2021

JMP Group Announces Amount Per Share of Special Cash Dividend

By Business Wire Business Wire 11-11-2021