Ice Make Refrigeration (NSE:ICEMAKE) Intrinsic Value: Projected FCF : ₹46.86 (As of Jun. 20, 2024)

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What is Ice Make Refrigeration 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 (2024-06-20), Ice Make Refrigeration's Intrinsic Value: Projected FCF is ₹46.86. The stock price of Ice Make Refrigeration is ₹862.95. Therefore, Ice Make Refrigeration's Price-to-Intrinsic-Value-Projected-FCF of today is 18.4.

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

NSE:ICEMAKE' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 3.08 Med: 5.29 Max: 19.41
Current: 18.42

During the past 12 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Ice Make Refrigeration was 19.41. The lowest was 3.08. And the median was 5.29.

NSE:ICEMAKE's Price-to-Projected-FCF is ranked worse than
97.02% of 1914 companies
in the Industrial Products industry
Industry Median: 1.52 vs NSE:ICEMAKE: 18.42

Ice Make Refrigeration Intrinsic Value: Projected FCF Historical Data

The historical data trend for Ice Make Refrigeration'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.

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Ice Make Refrigeration Intrinsic Value: Projected FCF Chart

Ice Make Refrigeration Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Intrinsic Value: Projected FCF

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5.75

21.65

35.01

46.86

Ice Make Refrigeration Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Intrinsic Value: Projected FCF	Get a 7-Day Free Trial															35.01	-6.08	84.08	-5.94	46.86

Competitive Comparison of Ice Make Refrigeration's Intrinsic Value: Projected FCF

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.

Ice Make Refrigeration's Price-to-Projected-FCF Distribution in the Industrial Products Industry

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

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

Ice Make Refrigeration 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 Ice Make Refrigeration's Free Cash Flow(6 year avg) = ₹-10.07.

Ice Make Refrigeration'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 (Mar24)	*	0.8)	/	Shares Outstanding (Diluted Average)
	=	(9.5203515959648	*	-10.06816	+	1041.93	*	0.8)	/	15.742
	=	46.86

Ice Make Refrigeration (NSE:ICEMAKE) 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.

Ice Make Refrigeration's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF	=	Share Price	/	Intrinsic Value: Projected FCF
	=	862.95	/	46.861363033641
	=	18.41

Ice Make Refrigeration Intrinsic Value: Projected FCF Related Terms

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Ice Make Refrigeration (NSE:ICEMAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ice Make Refrigeration Ltd (NSE:ICEMAKE) » Definitions » Intrinsic Value: Projected FCF

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Traded in Other Exchanges

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Address

226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721

Website

https://www.icemakeindia.com

Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. The company's product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

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