GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Joy Global Inc (NYSE:JOY) » Definitions » Intrinsic Value: Projected FCF

Joy Global (Joy Global) Intrinsic Value: Projected FCF : $0.00 (As of Apr. 26, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Joy Global 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 (2024-04-26), Joy Global's Intrinsic Value: Projected FCF is $0.00. The stock price of Joy Global is $28.30. Therefore, Joy Global's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

JOY's Price-to-Projected-FCF is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 1.11
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Joy Global Intrinsic Value: Projected FCF Historical Data

The historical data trend for Joy Global'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.

Joy Global Intrinsic Value: Projected FCF Chart

Joy Global Annual Data
Trend Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 Oct15 Oct16
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.29 75.96 58.33 46.57 41.15

Joy Global Quarterly Data
Apr12 Jul12 Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
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 46.67 45.97 42.58 41.15 42.02

Competitive Comparison of Joy Global's Intrinsic Value: Projected FCF

For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.


Joy Global's Price-to-Projected-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Price-to-Projected-FCF distribution charts can be found below:

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



Joy Global 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 Joy Global's Free Cash Flow(6 year avg) = $300.96.

Joy Global'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 (Jan17)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*300.96128+1394.691*0.8)/98.913
=40.25

* 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.


Joy Global  (NYSE:JOY) 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.

Joy Global's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=28.30/40.247591341599
=0.70

* 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.


Joy Global Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Joy Global's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Joy Global (Joy Global) Business Description

Traded in Other Exchanges
N/A
Address
Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.
Executives
Sean D Major officer: EVP, GC and Secretary 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Doheny Edward L Ii director, officer: President and CEO 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
James M Sullivan officer: EVP & CFO 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Steven L Gerard director P.O. BOX 554, MILWAUKEE WI 53201-0554
Gale E Klappa director 231 W. MICHIGAN STREET, MILWAUKEE WI 53203
John Nils Hanson director 100 E WISCONSIN AVE, SUITE 2780, MILWAUKEE WI 53202
Mark Joseph Gliebe director 200 STATE STREET, BELOIT WI 53511
Randal W Baker officer: EVP and COO 100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Michael W Sutherlin director, officer: President and CEO 7374 SE 71ST STREET, MERCER ISLAND WA 98040
Eric A. Nielsen officer: EVP 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Ricky T Dillon officer: VP and Controller ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ken C Johnsen director P.O. BOX 554, MILWAUKEE WI 53201-0554
Woodward James H Jr officer: Executive Vice President, CFO 7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Donald C Roof officer: Executive Vice President, CFO P O BOX 554, MILWAUKEE WI 53201

Joy Global (Joy Global) Headlines

From GuruFocus

Joy Global and Gap Stores Land on My Casualty List

By John Dorfman John Dorfman 10-07-2015

Why Joy Global Can Improve in the Long Run

By starskyinvestments starskyinvestments 02-13-2015

No Joy for Joy Global and Caterpillar

By sandyinvestment sandyinvestment 07-22-2014

It's Time to Sell Joy Global

By Jonathan Poland Jonathan Poland 04-26-2016

Joy Global Is Beaten Down But Not Out

By Jonathan Poland Jonathan Poland 10-28-2015

Olstein All-Cap Value Fund 2015 Letter to Shareholders

By Holly LaFon Holly LaFon 03-03-2016

Why Joy Global Can Make a Comeback in the Long Run

By insight solutions insight solutions 12-03-2014

With a Great Management Team on Your Side, Time Is Your Friend

By Bram de Haas Bram de Haas 10-07-2015

Joy and Caterpillar Are Seeing No Joy

By Rustic Nomad Rustic Nomad 04-07-2014

Mario Gabelli Comments on Joy Global Inc.

By Holly LaFon Holly LaFon 01-31-2017