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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Thorney OpportunitiesASX:TOP +1.79%29 Intrinsic Value: Projected FCF is A$1.20 as of Aug. 07, 2026, which is 100% below its 10-year median of 2.55. GuruFocus rates ASX:TOP with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 1,213 Asset Management companies, Thorney Opportunities ranks better than 82.77% on this metric.
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.
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: 0.47 Med: 2.55 Max: 9.93
Current: 0.48
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Thorney Opportunities was 9.93. The lowest was 0.47. And the median was 2.55.
ASX:TOP's Price-to-Projected-FCF is ranked better than 82.77% of 1213
companies
in the Asset Management industry
Industry Median: 0.91
vs ASX:TOP: 0.48
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
=
0.57
/
1.1999406058009
=
0.48
* 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
Thorney Opportunities Intrinsic Value: Projected FCF Historical Data
* Premium members only.
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.
ASX:TOP vs BLK, BX, KKR: Intrinsic Value: Projected FCF Comparison
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 Price-to-Projected-FCF vs 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.
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.
* 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.
What does a Intrinsic Value: Projected FCF of A$1.20 mean?
Thorney Opportunities (ASX:TOP) has a Intrinsic Value: Projected FCF of A$1.20 as of Aug. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thorney Opportunities and its competitors. This is 53% below median its historical median of 2.55. Over the past decade, Thorney Opportunities' Intrinsic Value: Projected FCF has ranged from 0.47 to 9.93. According to the industry distribution chart, Thorney Opportunities ranks #209 out of 1213 companies in the Asset Management industry, placing it in the top 17.2%.
Is Thorney Opportunities' Intrinsic Value: Projected FCF too high?
Thorney Opportunities' current Intrinsic Value: Projected FCF of A$1.20 is 53% below median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 9.93. Based on the distribution chart, Thorney Opportunities ranks #209 out of 1213 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Thorney Opportunities has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' Intrinsic Value: Projected FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Thorney Opportunities ranks #209 out of 1213 companies for Intrinsic Value: Projected FCF. This places Thorney Opportunities in the top 17% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.91. Historically, Thorney Opportunities' own Intrinsic Value: Projected FCF has ranged from 0.47 to 9.93 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Asset Management company?
The median Intrinsic Value: Projected FCF among Asset Management companies is 0.91, based on 1,213 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Thorney Opportunities and its competitors. For the Asset Management industry, the median Intrinsic Value: Projected FCF is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thorney Opportunities's current Intrinsic Value: Projected FCF is A$1.20, which is 53% below median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Thorney Opportunities (ASX:TOP) has a current Intrinsic Value: Projected FCF of A$1.20. The current Intrinsic Value: Projected FCF is A$1.20, which is 53% below median its 10-year median of 2.55. Thorney Opportunities' overall GF Score™ is 29/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Thorney Opportunities (ASX:TOP), the current Intrinsic Value: Projected FCF is A$1.20 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
29GF Score
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