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Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Intrinsic Value: Projected FCF : HK$0.09 (As of May. 26, 2024)


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What is Shanghai Dongzheng Automotive Finance Co 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), Shanghai Dongzheng Automotive Finance Co's Intrinsic Value: Projected FCF is HK$0.09. The stock price of Shanghai Dongzheng Automotive Finance Co is HK$1.15. Therefore, Shanghai Dongzheng Automotive Finance Co's Price-to-Intrinsic-Value-Projected-FCF of today is 12.8.

The historical rank and industry rank for Shanghai Dongzheng Automotive Finance Co's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:02718' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.66   Med: 6.68   Max: 12.78
Current: 12.78

During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Shanghai Dongzheng Automotive Finance Co was 12.78. The lowest was 0.66. And the median was 6.68.

HKSE:02718's Price-to-Projected-FCF is not ranked
in the Credit Services industry.
Industry Median: 0.775 vs HKSE:02718: 12.78

Shanghai Dongzheng Automotive Finance Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Shanghai Dongzheng Automotive Finance Co'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.

Shanghai Dongzheng Automotive Finance Co Intrinsic Value: Projected FCF Chart

Shanghai Dongzheng Automotive Finance Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - 1.74 0.09

Shanghai Dongzheng Automotive Finance Co Semi-Annual Data
Dec16 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 - - 1.74 - 0.09

Competitive Comparison of Shanghai Dongzheng Automotive Finance Co's Intrinsic Value: Projected FCF

For the Credit Services subindustry, Shanghai Dongzheng Automotive Finance Co'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.


Shanghai Dongzheng Automotive Finance Co's Price-to-Projected-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Shanghai Dongzheng Automotive Finance Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Shanghai Dongzheng Automotive Finance Co's Price-to-Projected-FCF falls into.



Shanghai Dongzheng Automotive Finance Co 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 Shanghai Dongzheng Automotive Finance Co's Free Cash Flow(6 year avg) = HK$-316.02.

Shanghai Dongzheng Automotive Finance Co'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*-316.02171428571+3736.077*0.8)/2139.651
=-0.01

* 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.


Shanghai Dongzheng Automotive Finance Co  (HKSE:02718) 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.

Shanghai Dongzheng Automotive Finance Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.15/-0.0092427372312298
=

* 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.


Shanghai Dongzheng Automotive Finance Co Intrinsic Value: Projected FCF Related Terms

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Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Business Description

Traded in Other Exchanges
N/A
Address
Yao Yuan Road, Pudong New Area, 12th Floor, Building 2, No. 58, Shanghai, CHN
Shanghai Dongzheng Automotive Finance Co Ltd is engaged in providing auto finance products and services for the purchase of luxury-brand cars. Its segments include Retail business and Dealer's loan business. The company generates maximum revenue from the Retail business segment. Geographically the group conducts its business in PRC.
Executives
Jpmorgan Chase & Co. 2106 Person having a security interest in shares
Shang Hai Qi Che Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Shang Hai Qi Che Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Xingtai Capital Management Limited 2102 Investment manager
Xingtai China Master Fund 2101 Beneficial owner
Pictet Asset Management (singapore) Pte Ltd
Ubs Group Ag 2201 Interest of corporation controlled by you
Canepa Funds Icav Xingtai China Fund 2101 Beneficial owner
Global Precise Assets Limited
Morgan Stanley Capital Management, Llc 2201 Interest of corporation controlled by you
Msdw Investment Holdings (us) Llc 2201 Interest of corporation controlled by you
Morgan Stanley Investments (uk) 2201 Interest of corporation controlled by you
Morgan Stanley International Limited 2201 Interest of corporation controlled by you
Tx Capital (hk) Limited 2102 Investment manager
Morgan Stanley International Incorporated 2201 Interest of corporation controlled by you

Shanghai Dongzheng Automotive Finance Co (HKSE:02718) Headlines

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