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Symantec Corp (NAS:SYMC)
Intrinsic Value (FCF Projected)
$27.32 (As of Today)

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value (DCF), or Discounted Earnings (DCE) Intrinsic Value (DE) 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, Symantec Corp's FCF projected intrinsic value is $27.32. The stock price of Symantec Corp is $24.73. Therefore, Symantec Corp's Price to Intrinsic Value (FCF Projected) Ratio of today is 0.9.

SYMC' s 10-Year Price to Intrinsic Value (FCF Projected) Range
Min: 0.57   Max: 3.58
Current: 0.9

0.57
3.58

During the past 13 years, the highest Price to Intrinsic Value (FCF Projected) Ratio of Symantec Corp was 3.58. The lowest was 0.57. And the median was 0.84.

SYMC's Price to Intrinsic Value (FCF Projected) is ranked higher than
78% of the 816 Companies
in the Global Software - Application industry.

( Industry Median: 1.30 vs. SYMC: 0.90 )

Definition

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value (DCF), or Discounted Earnings (DCE) Intrinsic Value (DE) 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 Symantec Corp's FCF(6 year avg) is calculate as

Symantec Corp Quarterly Data

201212201303201306201309201312201403201406201409201412201503
total_freecashflow 38652125113426437220166257407
201006201009201012201103201106201109201112201203201206201209
total_freecashflow 28324639160645223532860026189
200906200909200912201003
total_freecashflow 317172352604

Add all the Free Cash Flow together and divide 6 will get Symantec Corp's FCF(6 year avg) = $1,299.17.

Symantec Corp's FCF Projected Intrinsic Value for today is calculated as

Intrinsic Value=(Growth Multiple*Free Cash Flow(6 year avg)+Total Equity(Mar15)*0.8)/Shares Outstanding
=(10.9187776324*1299.16666667+5935*0.8)/693.000
=27.32

* 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.

Symantec Corp's Price to FCF Projected Intrinsic Value Ratio for today is calculated as

Price to FCF Projected Intrinsic Value=Share Price/FCF Projected Intrinsic Value
=24.73/27.3207964513
=0.91

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


Related Terms

Intrinsic Value (DE), Intrinsic Value (DCF), Free Cash Flow


Historical Data

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

Symantec Corp Annual Data

Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15
iv_dcf_share 20.0323.6628.6226.2728.7927.8327.6527.6326.6227.32

Symantec Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
iv_dcf_share 27.9827.6327.7227.1427.1426.6226.6026.1631.2127.32
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