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Maike Tube Industry Holdings (HKSE:01553) Intrinsic Value: Projected FCF : HK$2.94 (As of Jun. 19, 2024)


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What is Maike Tube Industry Holdings 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 (2024-06-19), Maike Tube Industry Holdings's Intrinsic Value: Projected FCF is HK$2.94. The stock price of Maike Tube Industry Holdings is HK$1.36. Therefore, Maike Tube Industry Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Maike Tube Industry Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:01553' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.4   Med: 0.44   Max: 0.48
Current: 0.46

During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Maike Tube Industry Holdings was 0.48. The lowest was 0.40. And the median was 0.44.

HKSE:01553's Price-to-Projected-FCF is ranked better than
70.04% of 474 companies
in the Steel industry
Industry Median: 0.71 vs HKSE:01553: 0.46

Maike Tube Industry Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Maike Tube Industry Holdings'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.

Maike Tube Industry Holdings Intrinsic Value: Projected FCF Chart

Maike Tube Industry Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - 2.82 2.94

Maike Tube Industry Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - 2.82 - 2.94

Competitive Comparison of Maike Tube Industry Holdings's Intrinsic Value: Projected FCF

For the Steel subindustry, Maike Tube Industry Holdings'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.


Maike Tube Industry Holdings's Price-to-Projected-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Maike Tube Industry Holdings's Price-to-Projected-FCF falls into.



Maike Tube Industry Holdings 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 Maike Tube Industry Holdings's Free Cash Flow(6 year avg) = HK$25.06.

Maike Tube Industry Holdings'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 (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(14.26395753773*25.062142857143+1144.672*0.8)/433.800
=2.94

* 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.


Maike Tube Industry Holdings  (HKSE:01553) 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.

Maike Tube Industry Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.36/2.935045969384
=0.46

* 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.


Maike Tube Industry Holdings Intrinsic Value: Projected FCF Related Terms

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Maike Tube Industry Holdings (HKSE:01553) Business Description

Traded in Other Exchanges
N/A
Address
No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400
Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.
Executives
Zhang Jing Ru 2202 Interest of your spouse
Zhao Pu 2101 Beneficial owner
Kong Linglei 2201 Interest of corporation controlled by you
Ying Stone Holdings Limited 2101 Beneficial owner
Tong Chuang Sheng De Limited 2101 Beneficial owner
Tong Chuang Xing De Limited 2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si 2101 Beneficial owner

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