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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 (2024-04-19), Viavi Solutions's Intrinsic Value: Projected FCF is $6.94. The stock price of Viavi Solutions is $8.09. Therefore, Viavi Solutions's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.
The historical rank and industry rank for Viavi Solutions's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Viavi Solutions was 3.36. The lowest was 0.96. And the median was 2.02.
The historical data trend for Viavi Solutions'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.
For the Communication Equipment subindustry, Viavi Solutions'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.
For the Hardware industry and Technology sector, Viavi Solutions's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Viavi Solutions's Price-to-Projected-FCF falls into.
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 Viavi Solutions's Free Cash Flow(6 year avg) = $101.82.
Viavi Solutions'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 | * | 101.824 | + | 728 | * | 0.8) | / | 223.500 | |
= | 6.94 |
* 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.
Viavi Solutions (NAS:VIAV) 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.
Viavi Solutions's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 8.09 | / | 6.9431779906377 | |
= | 1.17 |
* 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.
Thank you for viewing the detailed overview of Viavi Solutions's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Mcnab | officer: EVP, Chief Mktg & Stgy Officer | C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035 |
Gary W Staley | officer: SVP Global Sales NSE | VIAVI SOLUTIONS, INC., 430 NORTH MCCARTHY BLVD., MILPITAS CA 95035 |
Ralph Rondinone | officer: SVP Global Operations NSE | C/O JDS UNIPHASE, 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035 |
Kevin Christopher Siebert | officer: SVP Gen. Counsel & Secretary | 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035 |
Luke M Scrivanich | officer: SVP General Manager OSP | 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035 |
Oleg Khaykin | officer: President & CEO | |
Doug Gilstrap | director | 1445 SOUTH SPECTRUM BLVD., SUITE 102, CHANDLER AZ 85286 |
Joanne Solomon | director | 1900 S. PRICE ROAD, CHANDLER AZ 85286 |
Richard Belluzzo | director | C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035 |
Timothy Campos | director | C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035 |
Henk Derksen | officer: EVP, CFO | 1 N. BRENTWOOD BLVD., SUITE 1500, SAINT LOUIS MO 63105 |
Pamela K. Avent | officer: Interim CFO | C/O VIAVI SOLUTIONS INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Keith Barnes | director | 10100 N TANTAU AVE, CUPERTINO CA 95014-2540 |
Glenda Dorchak | director | C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085 |
Tor Braham | director | C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089 |
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