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), Provident Financial Services's Intrinsic Value: Projected FCF is $36.29. The stock price of Provident Financial Services is $14.46. Therefore, Provident Financial Services's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.
The historical rank and industry rank for Provident Financial Services's Intrinsic Value: Projected FCF or its related term are showing as below:
PFS'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.38 Med: 0.7 Max: 0.93
Current: 0.4
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Provident Financial Services was 0.93. The lowest was 0.38. And the median was 0.70.
PFS's Price-to-Projected-FCF is ranked better than 59.08% of 1222
companies
in the Banks industry
Industry Median: 0.43
vs PFS: 0.40
Provident Financial Services Intrinsic Value: Projected FCF Historical Data
The historical data trend for Provident Financial Services'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.
Provident Financial Services Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Intrinsic Value: Projected FCF
36.07
31.48
33.44
35.23
36.29
Provident Financial Services Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Intrinsic Value: Projected FCF
35.23
36.02
35.75
35.73
36.29
Competitive Comparison
For the Banks - Regional subindustry, Provident Financial Services'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.
Provident Financial Services Price-to-Projected-FCF Distribution
For the Banks industry and Financial Services sector, Provident Financial Services's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Provident Financial Services'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.
* 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.
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.
Provident Financial Services's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
14.46
/
36.292327277534
=
0.40
* 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.
Provident Financial Services Intrinsic Value: Projected FCF Related Terms
Thank you for viewing the detailed overview of Provident Financial Services's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Provident Financial Services (Provident Financial Services) Business Description
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
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