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Thorney Opportunities (ASX:TOP) Intrinsic Value: Projected FCF : A$0.86 (As of Jun. 23, 2025)


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What is Thorney Opportunities 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 (2025-06-23), Thorney Opportunities's Intrinsic Value: Projected FCF is A$0.86. The stock price of Thorney Opportunities is A$0.62. Therefore, Thorney Opportunities's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

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

ASX:TOP' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.7   Med: 3.5   Max: 9.93
Current: 0.72

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Thorney Opportunities was 9.93. The lowest was 0.70. And the median was 3.50.

ASX:TOP's Price-to-Projected-FCF is ranked better than
60.58% of 1177 companies
in the Asset Management industry
Industry Median: 0.85 vs ASX:TOP: 0.72

Thorney Opportunities Intrinsic Value: Projected FCF Historical Data

The historical data trend for Thorney Opportunities'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.

Thorney Opportunities Intrinsic Value: Projected FCF Chart

Thorney Opportunities Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 0.16 0.28 0.55 0.86

Thorney Opportunities Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - 0.55 - 0.86 -

Competitive Comparison of Thorney Opportunities's Intrinsic Value: Projected FCF

For the Asset Management subindustry, Thorney Opportunities'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.


Thorney Opportunities's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Thorney Opportunities's Price-to-Projected-FCF distribution charts can be found below:

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


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Thorney Opportunities 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 Thorney Opportunities's Free Cash Flow(6 year avg) = A$3.57.

Thorney Opportunities'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 (Jun24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*3.5675714285714+159.243*0.8)/187.605
=0.86

* 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.


Thorney Opportunities  (ASX:TOP) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.62/0.86009932754307
=0.72

* 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.


Thorney Opportunities Intrinsic Value: Projected FCF Related Terms

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Thorney Opportunities Business Description

Traded in Other Exchanges
N/A
Address
55 Collins Street, Level 45, Melbourne, VIC, AUS, 3000
Thorney Opportunities Ltd is an investment company. Its principal activity is making investments in listed and unlisted securities in media, automotive, energy, and pharmaceutical. sectors. The company's primary focus is on the careful selection of investments which enable it to be a constructive catalyst towards unlocking the value in the companies that it identifies. The company concentrates on producing absolute returns for shareholders over the medium to long term.