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Bhiraj Office Leasehold REIT (BKK:BOFFICE) Intrinsic Value: Projected FCF : ฿7.86 (As of Dec. 15, 2024)


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What is Bhiraj Office Leasehold REIT 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 (2024-12-15), Bhiraj Office Leasehold REIT's Intrinsic Value: Projected FCF is ฿7.86. The stock price of Bhiraj Office Leasehold REIT is ฿5.25. Therefore, Bhiraj Office Leasehold REIT's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

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

BKK:BOFFICE' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.59   Med: 0.62   Max: 0.67
Current: 0.67

During the past 6 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Bhiraj Office Leasehold REIT was 0.67. The lowest was 0.59. And the median was 0.62.

BKK:BOFFICE's Price-to-Projected-FCF is ranked better than
52.53% of 594 companies
in the REITs industry
Industry Median: 0.69 vs BKK:BOFFICE: 0.67

Bhiraj Office Leasehold REIT Intrinsic Value: Projected FCF Historical Data

The historical data trend for Bhiraj Office Leasehold REIT'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.

Bhiraj Office Leasehold REIT Intrinsic Value: Projected FCF Chart

Bhiraj Office Leasehold REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - - -

Bhiraj Office Leasehold REIT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - -6.55 7.50 7.86

Competitive Comparison of Bhiraj Office Leasehold REIT's Intrinsic Value: Projected FCF

For the REIT - Office subindustry, Bhiraj Office Leasehold REIT'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.


Bhiraj Office Leasehold REIT's Price-to-Projected-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Bhiraj Office Leasehold REIT's Price-to-Projected-FCF falls into.



Bhiraj Office Leasehold REIT 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 Bhiraj Office Leasehold REIT's Free Cash Flow(6 year avg) = ฿6.73.

Bhiraj Office Leasehold REIT'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 (Sep24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*6.73168+7165.144*0.8)/737.872
=7.86

* 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.


Bhiraj Office Leasehold REIT  (BKK:BOFFICE) 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.

Bhiraj Office Leasehold REIT's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=5.25/7.8552962579303
=0.67

* 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.


Bhiraj Office Leasehold REIT Intrinsic Value: Projected FCF Related Terms

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Bhiraj Office Leasehold REIT Business Description

Traded in Other Exchanges
N/A
Address
Sukhumvit Road, 591 United Business Center II Building, 7th Floor, Khlong Tan Nuea, Wattana, Bangkok, THA, 10110
Bhiraj Office Leasehold REIT is a closed-end real estate investment trust. The company invests in long-term leasehold rights in the office building area. Its objectives are to mobilize funds raised from the selling of trust units and the loan from the financial institution to invest in the leasehold right of Bhiraj Tower at EmQuartier project and BHIRAJ TOWER at BITEC project which comprises majority of the office rental areas and the associated operation areas. It operates in one segment namely lease of property investment in Thailand.

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