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Furmanite (Furmanite) Intrinsic Value: Projected FCF : $0.00 (As of Apr. 25, 2024)


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What is Furmanite 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 (2024-04-25), Furmanite's Intrinsic Value: Projected FCF is $0.00. The stock price of Furmanite is $5.58. Therefore, Furmanite's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

FRM's Price-to-Projected-FCF is not ranked *
in the Construction industry.
Industry Median: 0.93
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Furmanite Intrinsic Value: Projected FCF Historical Data

The historical data trend for Furmanite'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.

Furmanite Intrinsic Value: Projected FCF Chart

Furmanite Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.63 3.23 4.03 3.96 4.14

Furmanite Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 4.29 4.14 3.68 4.20 3.58

Competitive Comparison of Furmanite's Intrinsic Value: Projected FCF

For the Engineering & Construction subindustry, Furmanite'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.


Furmanite's Price-to-Projected-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Furmanite's Price-to-Projected-FCF distribution charts can be found below:

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



Furmanite 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 Furmanite's Free Cash Flow(6 year avg) = $2.22.

Furmanite'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 (Sep15)*0.8)/Shares Outstanding (Diluted Average)
=(12.437096484727*2.22352+144.956*0.8)/37.979
=3.78

* 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.


Furmanite  (NYSE:FRM) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=5.58/3.7815353952374
=1.48

* 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.


Furmanite Intrinsic Value: Projected FCF Related Terms

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


Furmanite (Furmanite) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Furmanite Corp was incorporated in Delaware on January 23, 1953. It provides specialized technical services. The Company together with its subsidiaries conducts business under two operating segments; Technical Services and Engineering & Project Solutions. Technical Services provides specialized technical services, including on-line, off-line and other services. On-line services include leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and certain non-destructive testing and inspection services, while off-line services include on-site machining, heat treatment, bolting, valve repair and other non-destructive testing and inspection services. Other services include smart shim services, concrete repair, engineering services, valves and other products and manufacturing. These services and products are provided mainly to electric power generating plants, the petroleum industry, which includes refineries and off-shore drilling rigs, chemical plants and other process industries in the Americas, EMEA and Asia-Pacific through a wholly owned subsidiary of the Parent Company, Furmanite Worldwide, Inc. and its domestic and international subsidiaries and affiliates. The Engineering & Project Solutions operating segment, which includes Furmanite Technical Solutions, provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management services, as well as certain other inspection and project management services. Customers include refining and petrochemical operators as well as maintenance, and engineering and construction contractors servicing the downstream and midstream oil and gas markets, all of which are in the Americas. The Company currently operates over 30 offices in the United States. The Company competes against large and well established national and international companies as well as regional and local companies. It also competes with the in-house maintenance departments of customers or potential customers. Many aspects of the Company's operations are subject to governmental regulation.
Executives
William Fry officer: General Counsel and Secretary 10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042
Kevin R Jost director 10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042
Jeffery Gerald Davis director, officer: Interim President & CEO PO BOX 336, BURTON TX 77835
Sangwoo Ahn director 10370 RICHMOND AVENUE SUITE 600, HOUSTON TX 77042
John J Mannion officer: Treasurer 1900 WEST LOOP SOUTH-SUITE 1500, HOUSTON TX 77027
Miguel A. Desdin officer: Senior Vice President C/O FURMANITE CORPORATION, 2435 N CENTRAL EXPRESSWAY #700, RICHARDSON TX 75080
Frank M Burke director 2435 N CENTRAL EXPRESSWAY, STE 700, RICHARDSON TX 75080

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