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PHH (PHH) Intrinsic Value: Projected FCF : $0.00 (As of Apr. 26, 2024)


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What is PHH 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), PHH's Intrinsic Value: Projected FCF is $0.00. The stock price of PHH is $11.00. Therefore, PHH's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

PHH's Price-to-Projected-FCF is not ranked *
in the Banks industry.
Industry Median: 0.435
* Ranked among companies with meaningful Price-to-Projected-FCF only.

PHH Intrinsic Value: Projected FCF Historical Data

The historical data trend for PHH'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.

PHH Intrinsic Value: Projected FCF Chart

PHH Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 225.08 241.93 175.91 240.48 264.18

PHH Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 149.46 182.91 264.18 200.34 240.54

Competitive Comparison of PHH's Intrinsic Value: Projected FCF

For the Mortgage Finance subindustry, PHH'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.


PHH's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PHH's Price-to-Projected-FCF distribution charts can be found below:

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



PHH 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 PHH's Free Cash Flow(6 year avg) = $608.32.

PHH'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 (Jun18)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*608.32+489*0.8)/32.669
=189.25

* 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.


PHH  (NYSE:PHH) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=11.00/189.25036832647
=0.06

* 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.


PHH Intrinsic Value: Projected FCF Related Terms

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


PHH (PHH) Business Description

Industry
Traded in Other Exchanges
N/A
Address
PHH Corp originates and services residential mortgage loans in the United States. It operates in two segments namely Mortgage Production and Mortgage Servicing. The company generates revenue in three ways: through fees on mortgage loan initiation; by selling on the secondary market loans that it initiated; and by servicing loans. The company outsources its services to clients that include financial institutions and real estate brokers. It also generally retains the servicing rights on loans it has sold and acts as a subservicer on behalf of other clients that own serving rights. Servicing typically generates the most revenue for the company, but each of the three sources of income are substantial.
Executives
James C Neuhauser director 100 NORTH 17TH STREET, ARLINGTON VA 22209
Alberino J Celini officer: Senior VP, Risk and Compliance 226 LANDIS AVENUE, VINELAND NJ 08360
James O Egan director 280 PARK AVE 37TH FLR WEST TOWER NEW YORK NY 10017
Charles P Pizzi director C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Carroll R Wetzel director C/O ARCH WIRELESS INC, 1800 WEST PARK DR #250, WESTBOROUGH MA 01581
Jane D Carlin director C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054
Michael R Bogansky officer: SVP & CFO C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054
Kevin Stein director 3000 LEADENHALL RD., MAILSTOP PCLG, MOUNT LAUREL NJ 08054
Silver Point Capital L.p. 10 percent owner TWO GREENWICH PLAZA, SUITE 1, GREENWICH CT 06830
Edward A Mule 10 percent owner C/O SILVER POINT CAPITAL L.P., TWO GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Glen A. Messina director, officer: President and CEO 3000 LEADENHALL ROAD, MOUNT LAUREL NJ 08054
Thomas P Gibbons director THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Allan Z Loren director 901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Citadel Gp Llc 10 percent owner 131 DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603
Surveyor Capital Ltd. 10 percent owner 131 S. DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603