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Con-way (FRA:CTR) Intrinsic Value: Projected FCF : €19.14 (As of May. 24, 2024)


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What is Con-way 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 (2024-05-24), Con-way's Intrinsic Value: Projected FCF is €19.14. The stock price of Con-way is €43.33. Therefore, Con-way's Price-to-Intrinsic-Value-Projected-FCF of today is 2.3.

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

FRA:CTR' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.44   Med: 1.56   Max: 480
Current: 2.26

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Con-way was 480.00. The lowest was 0.44. And the median was 1.56.

FRA:CTR's Price-to-Projected-FCF is not ranked
in the Transportation industry.
Industry Median: 0.82 vs FRA:CTR: 2.26

Con-way Intrinsic Value: Projected FCF Historical Data

The historical data trend for Con-way'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.

Con-way Intrinsic Value: Projected FCF Chart

Con-way Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.36 20.93 19.81 18.74 18.62

Con-way Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 18.71 19.05 18.62 20.27 -

Competitive Comparison of Con-way's Intrinsic Value: Projected FCF

For the Trucking subindustry, Con-way'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.


Con-way's Price-to-Projected-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Con-way's Price-to-Projected-FCF distribution charts can be found below:

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



Con-way 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 Con-way's Free Cash Flow(6 year avg) = €26.61.

Con-way'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 (Jun15)*0.8)/Shares Outstanding (Diluted Average)
=(10.844211261935*26.60864+1071.779*0.8)/57.805
=19.82

* 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.


Con-way  (FRA:CTR) 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.

Con-way's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=43.33/19.824806047103
=2.19

* 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.


Con-way Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Con-way's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Con-way (FRA:CTR) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Con-way Inc was incorporated in Delaware in 1958. The Company and its subsidiaries provide transportation, logistics and supply-chain management services to various manufacturing, industrial and retail customers. Its business units operate in regional, inter-regional and transcontinental less-than-truckload and full-truckload freight transportation, contract logistics and supply-chain management, multimodal freight brokerage, and trailer manufacturing. The Company operates under three reporting segments: Freight, Logistics and Truckload. The Freight segment consists of the operating results of the Con-way Freight business unit. Con-way Freight is a less-than-truckload motor carrier that utilizes a network of freight service centers to provide day-definite regional, inter-regional and transcontinental less-than-truckload freight services throughout North America. LTL carriers transport shipments from multiple shippers utilizing a network of freight service centers combined with a fleet of linehaul and pickup-and-delivery tractors and trailers. LTL shipments weigh between 100 and 15,000 pounds. In 2013, Con-way Freight's average weight per shipment was 1,334 pounds. The Logistics segment consists of the operating results of the Menlo Worldwide Logistics business unit. Menlo develops contract-logistics solutions, which include managing complex distribution networks, and providing supply-chain engineering and consulting, and multimodal freight brokerage services. Menlo's supply-chain management offerings are mainly related to transportation-management and contract-warehousing services. The Truckload segment consists of the operating results of the Con-way Truckload business unit. Con-way Truckload is a full-truckload motor carrier that utilizes a fleet of tractors and trailers to provide short- and long-haul, asset-based transportation services throughout North America. Con-way Truckload provides dry-van transportation services to manufacturing, industrial and retail customers while using single drivers as well as two-person driver teams over long-haul routes, with each trailer containing only one customer's goods. On average, Con-way Truckload transports shipments more than 800 miles from origin to destination. Under its regional service offering, Con-way Truckload transports truckload shipments between 100 and 600 miles, including local-area service for truckload shipments of less than 100 miles. It competes with regional and national LTL companies, some of which are subsidiaries of integrated transportation service providers, domestic and foreign logistics companies, truckload carriers, railroads and private fleets. The Company is subject to various federal, state and local, as well as foreign, laws and regulations that apply to its business activities.

Con-way (FRA:CTR) Headlines

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