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Great Taipei Gas (TPE:9908) Intrinsic Value: Projected FCF : NT$32.41 (As of Sep. 26, 2024)


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What is Great Taipei Gas 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 (2024-09-26), Great Taipei Gas's Intrinsic Value: Projected FCF is NT$32.41. The stock price of Great Taipei Gas is NT$30.50. Therefore, Great Taipei Gas's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

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

TPE:9908' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.94   Med: 1.11   Max: 2.11
Current: 0.94

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Great Taipei Gas was 2.11. The lowest was 0.94. And the median was 1.11.

TPE:9908's Price-to-Projected-FCF is ranked better than
52.48% of 383 companies
in the Utilities - Regulated industry
Industry Median: 0.99 vs TPE:9908: 0.94

Great Taipei Gas Intrinsic Value: Projected FCF Historical Data

The historical data trend for Great Taipei Gas'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.

Great Taipei Gas Intrinsic Value: Projected FCF Chart

Great Taipei Gas 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 26.46 28.99 31.76 31.15 32.12

Great Taipei Gas Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 32.49 32.52 32.12 32.34 32.41

Competitive Comparison of Great Taipei Gas's Intrinsic Value: Projected FCF

For the Utilities - Regulated Gas subindustry, Great Taipei Gas'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.


Great Taipei Gas's Price-to-Projected-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Price-to-Projected-FCF distribution charts can be found below:

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



Great Taipei Gas 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 Great Taipei Gas's Free Cash Flow(6 year avg) = NT$575.93.

Great Taipei Gas'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 (Jun24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*575.92928+13467.555*0.8)/501.600
=32.41

* 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.


Great Taipei Gas  (TPE:9908) 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.

Great Taipei Gas's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=30.50/32.410472966529
=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.


Great Taipei Gas Intrinsic Value: Projected FCF Related Terms

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Great Taipei Gas Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Lane 11, Guangfu N. Raod, 5th Floor, Songshan District, Taipei, TWN, 105
Great Taipei Gas Corp is a Taiwanese gas utility company that provides natural gas services to districts throughout the city of Taipei, Taiwan. The company's core activity is the selling of a variety of gas utility-related products and supplies, such as natural gas, gas equipment, gas meters, and gas instruments, which are sourced primarily from Europe, America, and Japan. Great Taipei Gas then distributes natural gas to end users in the Taiwanese capital city by operating a network of gas pipelines and storage facilities.

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