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Jiangsu Yanghe Brewery JSC (SZSE:002304) Intrinsic Value: Projected FCF : ¥79.33 (As of Apr. 28, 2024)


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What is Jiangsu Yanghe Brewery JSC 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), Jiangsu Yanghe Brewery JSC's Intrinsic Value: Projected FCF is ¥79.33. The stock price of Jiangsu Yanghe Brewery JSC is ¥95.99. Therefore, Jiangsu Yanghe Brewery JSC's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for Jiangsu Yanghe Brewery JSC's Intrinsic Value: Projected FCF or its related term are showing as below:

SZSE:002304' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.21   Med: 2.02   Max: 4.08
Current: 1.21

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Jiangsu Yanghe Brewery JSC was 4.08. The lowest was 1.21. And the median was 2.02.

SZSE:002304's Price-to-Projected-FCF is ranked better than
52.94% of 153 companies
in the Beverages - Alcoholic industry
Industry Median: 1.27 vs SZSE:002304: 1.21

Jiangsu Yanghe Brewery JSC Intrinsic Value: Projected FCF Historical Data

The historical data trend for Jiangsu Yanghe Brewery JSC'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.

Jiangsu Yanghe Brewery JSC Intrinsic Value: Projected FCF Chart

Jiangsu Yanghe Brewery JSC 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 50.81 58.58 57.78 71.58 70.76

Jiangsu Yanghe Brewery JSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 69.69 70.76 73.25 72.29 79.33

Competitive Comparison of Jiangsu Yanghe Brewery JSC's Intrinsic Value: Projected FCF

For the Beverages - Wineries & Distilleries subindustry, Jiangsu Yanghe Brewery JSC'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.


Jiangsu Yanghe Brewery JSC's Price-to-Projected-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu Yanghe Brewery JSC's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Jiangsu Yanghe Brewery JSC's Price-to-Projected-FCF falls into.



Jiangsu Yanghe Brewery JSC 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 Jiangsu Yanghe Brewery JSC's Free Cash Flow(6 year avg) = ¥7,374.76.

Jiangsu Yanghe Brewery JSC'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 (Sep23)*0.8)/Shares Outstanding (Diluted Average)
=(10.551003399274*7374.76432+52124.541*0.8)/1506.474
=79.33

* 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.


Jiangsu Yanghe Brewery JSC  (SZSE:002304) 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.

Jiangsu Yanghe Brewery JSC's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=95.99/79.33146951701
=1.21

* 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.


Jiangsu Yanghe Brewery JSC Intrinsic Value: Projected FCF Related Terms

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Jiangsu Yanghe Brewery JSC (SZSE:002304) Business Description

Traded in Other Exchanges
N/A
Address
No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800
Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 30 billion in 2022, with half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

Jiangsu Yanghe Brewery JSC (SZSE:002304) Headlines

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