GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Industries Inc (NYSE:MLI) » Definitions » Intrinsic Value: Projected FCF

Mueller Industries (Mueller Industries) Intrinsic Value: Projected FCF

: $59.10 (As of Today)
View and export this data going back to 1991. Start your Free Trial

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 (2024-04-19), Mueller Industries's Intrinsic Value: Projected FCF is $59.10. The stock price of Mueller Industries is $52.32. Therefore, Mueller Industries's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

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

MLI' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.66   Med: 1.03   Max: 1.69
Current: 0.89

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Mueller Industries was 1.69. The lowest was 0.66. And the median was 1.03.

MLI's Price-to-Projected-FCF is ranked better than
72.01% of 1890 companies
in the Industrial Products industry
Industry Median: 1.52 vs MLI: 0.89

Mueller Industries Intrinsic Value: Projected FCF Historical Data

The historical data trend for Mueller Industries'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.

Mueller Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.32 17.72 28.56 44.98 59.10

Mueller Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF 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 Premium Member Only Premium Member Only Premium Member Only 44.98 46.97 50.40 55.75 59.10

Competitive Comparison

For the Metal Fabrication subindustry, Mueller Industries'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.


Mueller Industries Price-to-Projected-FCF Distribution

For the Industrial Products industry and Industrials sector, Mueller Industries's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Mueller Industries's Price-to-Projected-FCF falls into.



Mueller Industries 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 Mueller Industries's Free Cash Flow(6 year avg) = $327.44.

Mueller Industries'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*327.44208+2337.445*0.8)/113.980
=59.10

* 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.


Mueller Industries  (NYSE:MLI) 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.

Mueller Industries's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=52.32/59.103475296553
=0.89

* 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.


Mueller Industries Intrinsic Value: Projected FCF Related Terms

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


Mueller Industries (Mueller Industries) Business Description

Traded in Other Exchanges
Address
150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.
Executives
Steffen Sigloch officer: VP, Mfg and Engineering 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
John B Hansen officer: President, Mfg Operations 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Gregory L. Christopher officer: President - Standard Products 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Scott Jay Goldman director 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Herzog Charles P Jr director 9581 FOX HILL CIRCLE SOUTH, GERMANTOWN TN 38139
William C. Drummond director 1395 BRICKELL AVENUE, MIAMI FL 33131
Gary S Gladstein director SOROS FUND MANAGEMENT LLC, 888 SEVENTH AVE 3300, NEW YORK NY 10106
Anthony Steinriede officer: VP - Corporate Controller 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gary Westermeyer officer: President, Refrigeration 8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gennaro J Fulvio director
Kristee Michelle Ford officer: Chief Information Officer 581 ROCKY JOE DRIVE, COLLIERVILLE TN 38017
Paul J Flaherty director C/O MUELLER INDUSTRIES INC., 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Devin Malone officer: President, Streamline 2321 WICKERSHAM CV, GERMANTOWN TN 38139
Christopher Andrew Mitchell officer: President, Canadian Operations 198 PIONEER TOWER ROAD, KITCHENER A6 N2P 2H8
Elizabeth M Donovan director 400 E OHIO STREET, CHICAGO IL 60611