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Koei Tecmo Holdings Co (TSE:3635) Intrinsic Value: Projected FCF : 円1,208.54 (As of May. 02, 2024)


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What is Koei Tecmo Holdings 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 (2024-05-02), Koei Tecmo Holdings Co's Intrinsic Value: Projected FCF is 円1,208.54. The stock price of Koei Tecmo Holdings Co is 円1356.00. Therefore, Koei Tecmo Holdings Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.1.

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

TSE:3635' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.03   Med: 1.65   Max: 3.58
Current: 1.12

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Koei Tecmo Holdings Co was 3.58. The lowest was 1.03. And the median was 1.65.

TSE:3635's Price-to-Projected-FCF is ranked worse than
60.29% of 277 companies
in the Interactive Media industry
Industry Median: 1.19 vs TSE:3635: 1.12

Koei Tecmo Holdings Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Koei Tecmo Holdings 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.

Koei Tecmo Holdings Co Intrinsic Value: Projected FCF Chart

Koei Tecmo Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 437.18 692.91 797.78 919.50 1,208.54

Koei Tecmo Holdings Co Quarterly Data
Jun19 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 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 919.50 - - - 1,208.54

Competitive Comparison of Koei Tecmo Holdings Co's Intrinsic Value: Projected FCF

For the Electronic Gaming & Multimedia subindustry, Koei Tecmo Holdings 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.


Koei Tecmo Holdings Co's Price-to-Projected-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Koei Tecmo Holdings Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Koei Tecmo Holdings Co's Price-to-Projected-FCF falls into.



Koei Tecmo Holdings 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 Koei Tecmo Holdings Co's Free Cash Flow(6 year avg) = 円18,102.86.

Koei Tecmo Holdings 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 (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*18102.857142857+175550*0.8)/338.835
=1,208.54

* 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.


Koei Tecmo Holdings Co  (TSE:3635) 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.

Koei Tecmo Holdings 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
=1356.00/1208.542475374
=1.12

* 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.


Koei Tecmo Holdings Co Intrinsic Value: Projected FCF Related Terms

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Koei Tecmo Holdings Co (TSE:3635) Business Description

Traded in Other Exchanges
Address
1-18-12 Minowa-cho, Kouhoku-ku, Yokohama, JPN, 223-8503
Koei Tecmo Holdings Co Ltd is a game software development company based in Japan. The company's segments include Game Software, which develops and sells game software for PCs and videogame systems; Online & Mobile; Media & Rights, which develops and sells game software related products such as books, CDs, and DVDs; SP, which develops commercial amusement; Amusement Facilities Operation, and Other, which includes real estate management and venture capital. Koei Tecmo generates the vast majority of its revenue from its Game Software segment. The firm has operations in Japan, North America, Europe, and other countries. Koei Tecmo derives substantially most of its revenue from its Japanese operations.

Koei Tecmo Holdings Co (TSE:3635) Headlines

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