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Nobility Homes (Nobility Homes) Intrinsic Value: Projected FCF : $33.06 (As of May. 01, 2024)


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What is Nobility Homes 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 (2024-05-01), Nobility Homes's Intrinsic Value: Projected FCF is $33.06. The stock price of Nobility Homes is $33.00. Therefore, Nobility Homes's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

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

NOBH' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.72   Med: 0.91   Max: 1.78
Current: 1

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Nobility Homes was 1.78. The lowest was 0.72. And the median was 0.91.

NOBH's Price-to-Projected-FCF is ranked worse than
70.51% of 78 companies
in the Homebuilding & Construction industry
Industry Median: 0.805 vs NOBH: 1.00

Nobility Homes Intrinsic Value: Projected FCF Historical Data

The historical data trend for Nobility Homes'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.

Nobility Homes Intrinsic Value: Projected FCF Chart

Nobility Homes Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.99 29.13 32.25 37.08 29.04

Nobility Homes Quarterly Data
Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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 29.09 29.04 31.46 33.37 33.06

Competitive Comparison of Nobility Homes's Intrinsic Value: Projected FCF

For the Residential Construction subindustry, Nobility Homes'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.


Nobility Homes's Price-to-Projected-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Price-to-Projected-FCF distribution charts can be found below:

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



Nobility Homes 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 Nobility Homes's Free Cash Flow(6 year avg) = $4.69.

Nobility Homes'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 (Jul23)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*4.69312+50.374*0.8)/3.329
=33.06

* 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.


Nobility Homes  (OTCPK:NOBH) 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.

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

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=33.00/33.058400572082
=1.00

* 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.


Nobility Homes Intrinsic Value: Projected FCF Related Terms

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Nobility Homes (Nobility Homes) Business Description

Traded in Other Exchanges
N/A
Address
3741 South west 7th Street, Ocala, FL, USA, 34474
Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.
Executives
Terry Earl Trexler director, 10 percent owner, officer: President and CEO P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust 10 percent owner 3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust 10 percent owner 222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton 10 percent owner 222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge officer: Secretary
Edward C Sims officer: Vice President