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Hennessy Advisors (Hennessy Advisors) Intrinsic Value: Projected FCF

: $23.42 (As of Today)
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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 (2024-04-23), Hennessy Advisors's Intrinsic Value: Projected FCF is $23.42. The stock price of Hennessy Advisors is $6.80. Therefore, Hennessy Advisors's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

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

HNNA' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.26   Med: 0.38   Max: 1.59
Current: 0.29

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hennessy Advisors was 1.59. The lowest was 0.26. And the median was 0.38.

HNNA's Price-to-Projected-FCF is ranked better than
91.7% of 928 companies
in the Asset Management industry
Industry Median: 0.92 vs HNNA: 0.29

Hennessy Advisors Intrinsic Value: Projected FCF Historical Data

The historical data trend for Hennessy Advisors'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.

Hennessy Advisors Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.67 29.63 28.82 26.98 24.61

Hennessy Advisors 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 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 26.02 25.88 25.32 24.61 23.42

Competitive Comparison

For the Asset Management subindustry, Hennessy Advisors'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.


Hennessy Advisors Price-to-Projected-FCF Distribution

For the Asset Management industry and Financial Services sector, Hennessy Advisors's Price-to-Projected-FCF distribution charts can be found below:

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



Hennessy Advisors 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 Hennessy Advisors's Free Cash Flow(6 year avg) = $11.47.

Hennessy Advisors'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)
=(9.5203515959648*11.4696+88.161*0.8)/7.674
=23.42

* 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.


Hennessy Advisors  (NAS:HNNA) 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.

Hennessy Advisors's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=6.80/23.419784293078
=0.29

* 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.


Hennessy Advisors Intrinsic Value: Projected FCF Related Terms

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Hennessy Advisors (Hennessy Advisors) Business Description

Traded in Other Exchanges
N/A
Address
7250 Redwood Boulevard, Suite 200, Novato, CA, USA, 94945
Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.
Executives
Neil J Hennessy director, 10 percent owner, officer: President and CEO 7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kiera Newton director 7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Knight Oriordan Lydia D director 7240 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Rodger Offenbach director 7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel B Steadman director, officer: Executive Vice President 7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Brian A Hennessey director 7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Teresa M Nilsen director, officer: EVP, CFO and Secretary 7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Thomas L Seavey director 7250 REDWOOD BLVD., SUITE 200, NOVATO CA 94945
Kathryn Fahy officer: SVP and CFO 7250 REDWOOD BOULEVARD, SUITE 200, NOVATO CA 94945
Susan Weber Pomilia director 7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Daniel G Libarie director 7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945
Charles W Bennett director 700 IRWIN STREET, SAN RAFAEL CA 94901-3300
Henry Hansel director 7250 REDWOOD BLVD, SUITE 200, NOVATO CA 94945