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Bright Smart Securitiesmmodities Group (FRA:0BX) Intrinsic Value: Projected FCF : €0.61 (As of Jun. 03, 2025)


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What is Bright Smart Securitiesmmodities Group 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 (2025-06-03), Bright Smart Securitiesmmodities Group's Intrinsic Value: Projected FCF is €0.61. The stock price of Bright Smart Securitiesmmodities Group is €0.785. Therefore, Bright Smart Securitiesmmodities Group's Price-to-Intrinsic-Value-Projected-FCF of today is 1.3.

The historical rank and industry rank for Bright Smart Securitiesmmodities Group's Intrinsic Value: Projected FCF or its related term are showing as below:

FRA:0BX' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.09   Med: 0.37   Max: 1.3
Current: 1.29

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Bright Smart Securitiesmmodities Group was 1.30. The lowest was 0.09. And the median was 0.37.

FRA:0BX's Price-to-Projected-FCF is ranked worse than
58.17% of 545 companies
in the Capital Markets industry
Industry Median: 1.03 vs FRA:0BX: 1.29

Bright Smart Securitiesmmodities Group Intrinsic Value: Projected FCF Historical Data

The historical data trend for Bright Smart Securitiesmmodities Group'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.

Bright Smart Securitiesmmodities Group Intrinsic Value: Projected FCF Chart

Bright Smart Securitiesmmodities Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 -0.73 1.71 0.35 0.63

Bright Smart Securitiesmmodities Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 - 0.35 - 0.63 -

Competitive Comparison of Bright Smart Securitiesmmodities Group's Intrinsic Value: Projected FCF

For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.


Bright Smart Securitiesmmodities Group's Price-to-Projected-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Bright Smart Securitiesmmodities Group's Price-to-Projected-FCF falls into.


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Bright Smart Securitiesmmodities Group 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 Bright Smart Securitiesmmodities Group's Free Cash Flow(6 year avg) = €115.41.

Bright Smart Securitiesmmodities Group'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 (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*115.41171428571+169.85*0.8)/1697.296
=0.73

* 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.


Bright Smart Securitiesmmodities Group  (FRA:0BX) 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.

Bright Smart Securitiesmmodities Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.785/0.72741590052238
=1.08

* 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.


Bright Smart Securitiesmmodities Group Intrinsic Value: Projected FCF Related Terms

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Bright Smart Securitiesmmodities Group Business Description

Traded in Other Exchanges
Address
71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.

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