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Stewart Enterprises, Inc. (NAS:STEI)
Intrinsic Value: Projected FCF
$0.00 (As of Today)

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, Stewart Enterprises, Inc.'s projected FCF intrinsic value is $0.00. The stock price of Stewart Enterprises, Inc. is $13.25. Therefore, Stewart Enterprises, Inc.'s Price to Intrinsic Value: Projected FCF Ratio of today is 0.0.

STEI' s 10-Year Price to Intrinsic Value: Projected FCF Range
Min: 0   Max: 0
Current: 0

STEI's Price to Intrinsic Value: Projected FCF is ranked lower than
198% of the 47 Companies
in the Global Personal Services industry.

( Industry Median: 1.46 vs. STEI: 0.00 )

Definition

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 equity.

Value = ((Growth Multiple)*Free Cash Flow(6 year avg) + 0.8*Total Equity(most recent))/Shares Outstanding

In the case of negative total equity, the following formula is used (see the Total Equity section for the reason):

Value = ((Growth Multiple)*Free Cash Flow(6 year avg) + Total Equity(most recent)/0.8)/Shares Outstanding


Here Stewart Enterprises, Inc.'s FCF(6 year avg) is calculate as

Stewart Enterprises, Inc. Quarterly Data

201107201110201201201204201207201210201301201304201307201310
total_freecashflow 17.815.11.315.326.013.22.628.116.714.2
200901200904200907200910201001201004201007201010201101201104
total_freecashflow 2.515.930.215.1-1.519.619.59.310.616.3
200801200804200807200810
total_freecashflow -3.018.016.925.6

Add all the Free Cash Flow together and divide 6 will get Stewart Enterprises, Inc.'s FCF(6 year avg) = $57.56.

Stewart Enterprises, Inc.'s Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value=(Growth Multiple*Free Cash Flow(6 year avg)+Total Equity(Oct13)*0.8)/Shares Outstanding
=(9.52035159596*57.556+450.68*0.8)/86.374
=10.52

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

The growth multiple is capped between 8.35 and 17.74.

Total 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 medium after taking the above ideas into consideration. Learn more here.

Stewart Enterprises, Inc.'s Price to Intrinsic Value: Projected FCF Ratio for today is calculated as

Price to Intrinsic Value: Projected FCF=Share Price/Intrinsic Value: Projected FCF
=13.25/10.5181808931
=1.26

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Intrinsic Value: DCF (Earnings Based), Intrinsic Value: DCF (FCF Based), Free Cash Flow


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Stewart Enterprises, Inc. Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Projected FCF 6.908.629.148.898.739.128.949.8610.1310.52

Stewart Enterprises, Inc. Quarterly Data

Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13
Projected FCF 9.699.869.619.699.8710.1310.1810.6010.6510.52
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