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Hainan Meilan International Airport Co (STU:HAO) Intrinsic Value: Projected FCF : €0.96 (As of Jun. 21, 2024)


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What is Hainan Meilan International Airport 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 (2024-06-21), Hainan Meilan International Airport Co's Intrinsic Value: Projected FCF is €0.96. The stock price of Hainan Meilan International Airport Co is €0.965. Therefore, Hainan Meilan International Airport Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for Hainan Meilan International Airport Co's Intrinsic Value: Projected FCF or its related term are showing as below:

STU:HAO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.53   Med: 1.74   Max: 7.31
Current: 1.01

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hainan Meilan International Airport Co was 7.31. The lowest was 0.53. And the median was 1.74.

STU:HAO's Price-to-Projected-FCF is ranked worse than
57.61% of 696 companies
in the Transportation industry
Industry Median: 0.81 vs STU:HAO: 1.01

Hainan Meilan International Airport Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Hainan Meilan International Airport 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.

Hainan Meilan International Airport Co Intrinsic Value: Projected FCF Chart

Hainan Meilan International Airport Co 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 - - - 0.79 0.90

Hainan Meilan International Airport Co 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 - - 0.79 - 0.90

Competitive Comparison of Hainan Meilan International Airport Co's Intrinsic Value: Projected FCF

For the Airports & Air Services subindustry, Hainan Meilan International Airport 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.


Hainan Meilan International Airport Co's Price-to-Projected-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hainan Meilan International Airport Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Hainan Meilan International Airport Co's Price-to-Projected-FCF falls into.



Hainan Meilan International Airport 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 Hainan Meilan International Airport Co's Free Cash Flow(6 year avg) = €0.73.

Hainan Meilan International Airport 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*0.72957142857142+548.828*0.8)/473.213
=0.94

* 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.


Hainan Meilan International Airport Co  (STU:HAO) 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.

Hainan Meilan International Airport 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
=0.965/0.9425104054926
=1.02

* 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.


Hainan Meilan International Airport Co Intrinsic Value: Projected FCF Related Terms

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Hainan Meilan International Airport Co (STU:HAO) Business Description

Traded in Other Exchanges
Address
Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126
Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport-related business, advertising, car parking, cargo handling, and sales of consumable goods.

Hainan Meilan International Airport Co (STU:HAO) Headlines