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CPM Group (HKSE:01932) Intrinsic Value: Projected FCF : HK$0.11 (As of May. 26, 2024)


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What is CPM 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 (2024-05-26), CPM Group's Intrinsic Value: Projected FCF is HK$0.11. The stock price of CPM Group is HK$0.27. Therefore, CPM Group's Price-to-Intrinsic-Value-Projected-FCF of today is 2.5.

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

HKSE:01932' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 2.36   Med: 3.13   Max: 7.2
Current: 2.45

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of CPM Group was 7.20. The lowest was 2.36. And the median was 3.13.

HKSE:01932's Price-to-Projected-FCF is ranked worse than
71.64% of 1079 companies
in the Chemicals industry
Industry Median: 1.24 vs HKSE:01932: 2.45

CPM Group Intrinsic Value: Projected FCF Historical Data

The historical data trend for CPM 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.

CPM Group Intrinsic Value: Projected FCF Chart

CPM Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.17 0.13 0.05 0.11

CPM Group Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 - 0.05 - 0.11

Competitive Comparison of CPM Group's Intrinsic Value: Projected FCF

For the Specialty Chemicals subindustry, CPM 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.


CPM Group's Price-to-Projected-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CPM Group's Price-to-Projected-FCF distribution charts can be found below:

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



CPM 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 CPM Group's Free Cash Flow(6 year avg) = HK$-25.83.

CPM 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 (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-25.831428571429+444.465*0.8)/1000.000
=0.11

* 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.


CPM Group  (HKSE:01932) 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.

CPM 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
=0.27/0.10964771777395
=2.46

* 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.


CPM Group Intrinsic Value: Projected FCF Related Terms

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CPM Group (HKSE:01932) Business Description

Industry
Traded in Other Exchanges
N/A
Address
338 Hennessy Road, 31st Floor, CNT Tower, Wanchai, Hong Kong, HKG
CPM Group Ltd is an investment holding company mainly engaged in the manufacture and sale of paint and coating products. The company has two reportable operating segments: the Paint Products segment which engages in the manufacture and sale of paint and coating products; and the Property Investment segment invests in industrial properties for their rental income potential. The company's principal products include industrial paint and coating products, architectural paint and coating products, general paint and coating, and ancillary products. It mainly distributes its products in the Mainland of China and Hong Kong markets. The group derives the majority of its revenue from Mainland China.

CPM Group (HKSE:01932) Headlines

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