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Hulamin (JSE:HLM) Intrinsic Value: Projected FCF : R8.94 (As of Jun. 21, 2024)


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What is Hulamin 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 (2024-06-21), Hulamin's Intrinsic Value: Projected FCF is R8.94. The stock price of Hulamin is R4.03. Therefore, Hulamin's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

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

JSE:HLM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.22   Med: 0.39   Max: 0.93
Current: 0.45

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hulamin was 0.93. The lowest was 0.22. And the median was 0.39.

JSE:HLM's Price-to-Projected-FCF is ranked better than
92.79% of 1914 companies
in the Industrial Products industry
Industry Median: 1.52 vs JSE:HLM: 0.45

Hulamin Intrinsic Value: Projected FCF Historical Data

The historical data trend for Hulamin'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.

Hulamin Intrinsic Value: Projected FCF Chart

Hulamin 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 10.67 7.25 7.88 9.46 8.94

Hulamin Semi-Annual Data
Jun14 Dec14 Jun15 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 Premium Member Only Premium Member Only 7.88 - 9.46 - 8.94

Competitive Comparison of Hulamin's Intrinsic Value: Projected FCF

For the Metal Fabrication subindustry, Hulamin'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.


Hulamin's Price-to-Projected-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hulamin's Price-to-Projected-FCF distribution charts can be found below:

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



Hulamin 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 Hulamin's Free Cash Flow(6 year avg) = R10.32.

Hulamin'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)
=(9.919945764728*10.316142857143+3538.574*0.8)/328.258
=8.94

* 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.


Hulamin  (JSE:HLM) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=4.03/8.9356383626417
=0.45

* 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.


Hulamin Intrinsic Value: Projected FCF Related Terms

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Hulamin (JSE:HLM) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Moses Mabhida Road, P.O. Box 74, Pietermaritzburg, NL, ZAF, 3200
Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into two major operating divisions, namely Hulamin Rolled Products, and Hulamin Extrusions. Its Hulamin Rolled Product segment is a key revenue driver, comprises Rolled Products and Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminum products. The Hulamin Extrusions segment manufactures and supplies extruded aluminum products. Its geographic segments of the group are South Africa, North America, Europe, Asia, Middle East, Australasia, South America, and the Rest of Africa, of which key revenue is generated from South Africa. The company serves the market of Automotive and transport; Building and construction; General engineering and Packaging.

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