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Pure Cycle (Pure Cycle) Intrinsic Value: Projected FCF

: $3.58 (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 (2024-04-19), Pure Cycle's Intrinsic Value: Projected FCF is $3.58. The stock price of Pure Cycle is $9.29. Therefore, Pure Cycle's Price-to-Intrinsic-Value-Projected-FCF of today is 2.6.

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

PCYO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 2.54   Med: 5.71   Max: 26.16
Current: 2.59

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Pure Cycle was 26.16. The lowest was 2.54. And the median was 5.71.

PCYO's Price-to-Projected-FCF is ranked worse than
78.98% of 371 companies
in the Utilities - Regulated industry
Industry Median: 1.02 vs PCYO: 2.59

Pure Cycle Intrinsic Value: Projected FCF Historical Data

The historical data trend for Pure Cycle'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.

Pure Cycle Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.51 1.00 2.33 4.03 3.98

Pure Cycle Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 2.92 3.83 3.98 3.61 3.58

Competitive Comparison

For the Utilities - Regulated Water subindustry, Pure Cycle'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.


Pure Cycle Price-to-Projected-FCF Distribution

For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Price-to-Projected-FCF distribution charts can be found below:

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



Pure Cycle 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 Pure Cycle's Free Cash Flow(6 year avg) = $-0.94.

Pure Cycle'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 (Feb24)*0.8)/Shares Outstanding (Diluted Average)
=(10.623553629896*-0.93968+120.444*0.8)/24.149
=3.58

* 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.


Pure Cycle  (NAS:PCYO) 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.

Pure Cycle's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=9.29/3.576647443996
=2.60

* 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.


Pure Cycle Intrinsic Value: Projected FCF Related Terms

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Pure Cycle (Pure Cycle) Business Description

Traded in Other Exchanges
N/A
Address
34501 E. Quincy Avenue, Building 65, Suite A, Watkins, CO, USA, 80137
Pure Cycle Corp is a diversified land and water resource development company. It designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in two business segments namely Water and wastewater resource development and Land development. It generates maximum revenue from the Land development segment. The company's services include water production, storage, treatment, bulk transmission to retail distribution systems, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing, and collection. The land resource development segment includes all the activities necessary to develop and sell finished lots.
Executives
Mark W Harding director, officer: President and CFO 8451 DELAWARE STREET, THORNTON CO 80260
Marc Stephen Spezialy officer: Vice President and CFO 34501 E. QUINCY AVE. BLDG 65, WATKINS CO 80137
Kevin Blain Mcneill officer: Chief Financial Officer 34501 E. QUINCY AVE, BLDG 34, WATKINS CO 80018
Plaisance Spv I, Llc 10 percent owner 250 FILLMORE, SUITE 525, DENVER CO 80206
Wanda J Abel director 34501 QUINCY AVENUE BLDG. 34, WATKINS CO 80109
Fendel Frederick A. Iii director C/O PURE CYCLE CORP., 34501 E. QUINCY AVE., BLDG. 34, WATKINS CO 80137
Plaisance Capital Llc 10 percent owner 250 FILLMORE, SUITE 525, DENVER CO 80206
Patrick Beirne director 8 VIKING DR, ENGLEWOOD CO 80113
Jeffrey G Sheets director 5291 E. YALE AVE., DENVER CO 80222
Par Investment Partners Lp 10 percent owner 200 CLARENDON STREET, FL 48, BOSTON MA 02116
Daniel R Kozlowski 10 percent owner 250 FILLMORE, SUITE 525, DENVER CO 80206
Par Capital Management Inc 10 percent owner 200 CLARENDON STREET, FL 48, BOSTON MA 02116
Par Group Ii, L.p. 10 percent owner 200 CLARENDON STREET, 48TH FLOOR, BOSTON MA 02116
Epker Arthur G Iii director C/O PURE CYCLE CORPORATION, 8451 DELAWARE ST., THORNTON CO 80260
Harrison E Augur director PO BOX 4389, ASPEN CO 81611