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Sincere Watch (Hong Kong) (HKSE:00444) Intrinsic Value: Projected FCF : HK$-0.13 (As of Jun. 14, 2024)


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What is Sincere Watch (Hong Kong) 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 (2024-06-14), Sincere Watch (Hong Kong)'s Intrinsic Value: Projected FCF is HK$-0.13. The stock price of Sincere Watch (Hong Kong) is HK$0.014. Therefore, Sincere Watch (Hong Kong)'s Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Sincere Watch (Hong Kong)'s Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Sincere Watch (Hong Kong) was 5.72. The lowest was 0.90. And the median was 1.85.

HKSE:00444's Price-to-Projected-FCF is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.79
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Sincere Watch (Hong Kong) Intrinsic Value: Projected FCF Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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.

Sincere Watch (Hong Kong) Intrinsic Value: Projected FCF Chart

Sincere Watch (Hong Kong) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 -0.05 -0.09 -0.10 -0.13

Sincere Watch (Hong Kong) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - -0.10 - -0.13 -

Competitive Comparison of Sincere Watch (Hong Kong)'s Intrinsic Value: Projected FCF

For the Luxury Goods subindustry, Sincere Watch (Hong Kong)'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.


Sincere Watch (Hong Kong)'s Price-to-Projected-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sincere Watch (Hong Kong)'s Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Sincere Watch (Hong Kong)'s Price-to-Projected-FCF falls into.



Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong)'s Free Cash Flow(6 year avg) = HK$-99.89.

Sincere Watch (Hong Kong)'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 (Mar23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-99.886428571429+241.835*0.8)/6043.950
=-0.13

* 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.


Sincere Watch (Hong Kong)  (HKSE:00444) 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.

Sincere Watch (Hong Kong)'s Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.014/-0.12532961385604
=

* 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.


Sincere Watch (Hong Kong) Intrinsic Value: Projected FCF Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Traded in Other Exchanges
N/A
Address
20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG
Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.
Executives
Allied Group Limited 2201 Interest of corporation controlled by you
Shipshape Investments Limited 2201 Interest of corporation controlled by you
Sun Hung Kai & Co. Limited 2201 Interest of corporation controlled by you
Sun Hung Kai Structured Finance Limited 2106 Person having a security interest in shares
Lee Seng Huang 2201 Interest of corporation controlled by you
Lee Su Hwei 2201 Interest of corporation controlled by you
Be Bright Limited 2101 Beneficial owner
Chu Yuet Wah
Allied Properties (h.k.) Limited 2201 Interest of corporation controlled by you
Asia Gate Holdings Co., Ltd. 2201 Interest of corporation controlled by you
Sky League Limited 2101 Beneficial owner
Wang Fang 2201 Interest of corporation controlled by you
Allied Crown Investment Limited 2101 Beneficial owner
Bai Ning 2201 Interest of corporation controlled by you
Brilliant World Limited 2101 Beneficial owner

Sincere Watch (Hong Kong) (HKSE:00444) Headlines

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