GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Westfield Corp (OTCPK:WEFIF) » Definitions » Intrinsic Value: Projected FCF

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


View and export this data going back to 2009. Start your Free Trial

What is Westfield 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), Westfield's Intrinsic Value: Projected FCF is $0.00. The stock price of Westfield is $6.755. Therefore, Westfield's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

WEFIF's Price-to-Projected-FCF is not ranked *
in the REITs industry.
Industry Median: 0.65
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Westfield Intrinsic Value: Projected FCF Historical Data

The historical data trend for Westfield'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.

Westfield Intrinsic Value: Projected FCF Chart

Westfield 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 22.43 11.54 9.08 7.82 8.76

Westfield Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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 9.08 - 7.82 - 8.76

Competitive Comparison of Westfield's Intrinsic Value: Projected FCF

For the REIT - Retail subindustry, Westfield'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.


Westfield's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Westfield's Price-to-Projected-FCF distribution charts can be found below:

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



Westfield 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 Westfield's Free Cash Flow(6 year avg) = $1,222.62.

Westfield'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 (Dec17)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*1222.6157142857+10591.135*0.8)/2100.684
=9.57

* 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.


Westfield  (OTCPK:WEFIF) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=6.755/9.5743288694309
=0.71

* 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.


Westfield Intrinsic Value: Projected FCF Related Terms

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


Westfield (Westfield) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

Westfield (Westfield) Headlines

From GuruFocus

Westfield Is Amongst the Best Mall Stocks in the World

By Holmes Osborne, CFA Holmes Osborne, CFA 09-28-2016