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Smart Metering Systems (LSE:SMS) Intrinsic Value: Projected FCF : £-1.37 (As of Apr. 28, 2024)


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What is Smart Metering Systems 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 (2024-04-28), Smart Metering Systems's Intrinsic Value: Projected FCF is £-1.37. The stock price of Smart Metering Systems is £9.52. Therefore, Smart Metering Systems's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

LSE:SMS's Price-to-Projected-FCF is not ranked *
in the Industrial Products industry.
Industry Median: 1.53
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Smart Metering Systems Intrinsic Value: Projected FCF Historical Data

The historical data trend for Smart Metering Systems'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.

Smart Metering Systems Intrinsic Value: Projected FCF Chart

Smart Metering Systems Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.11 -4.20 -2.61 -1.46 -1.37

Smart Metering Systems Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - -1.46 - -1.37 -

Competitive Comparison of Smart Metering Systems's Intrinsic Value: Projected FCF

For the Electrical Equipment & Parts subindustry, Smart Metering Systems'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.


Smart Metering Systems's Price-to-Projected-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Smart Metering Systems's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Smart Metering Systems's Price-to-Projected-FCF falls into.



Smart Metering Systems 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 Smart Metering Systems's Free Cash Flow(6 year avg) = £-58.19.

Smart Metering Systems'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 (Dec22)*0.8)/Shares Outstanding (Diluted Average)
=(10.478948627719*-58.194428571429+533.486*0.8)/133.857
=-1.37

* 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.


Smart Metering Systems  (LSE:SMS) 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.

Smart Metering Systems's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=9.52/-1.3673369896193
=

* 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.


Smart Metering Systems Intrinsic Value: Projected FCF Related Terms

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Smart Metering Systems (LSE:SMS) Business Description

Traded in Other Exchanges
Address
48 St. Vincent Street, 2nd Floor, Glasgow, GBR, G2 5TS
Smart Metering Systems PLC is a UK-based company which connects, owns, and maintains metering systems and database of energy companies. Its services include Smart Metering & Data; Smart Energy Services; Smart Utility Services; and ADM, which is an intelligent Automated Meter Reading (AMR) solution. The company operates in three segments: Asset Management, which comprises regulated management of gas meters, electric meters, and ADM units; Asset installation, which comprises installation of domestic and I&C gas meters and electricity meters; and Energy Management, which comprises the provision of energy consultancy services and the management of Distributed Energy Resources (DER) assets.

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