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Pan Jit International (TPE:2481) Intrinsic Value: Projected FCF

: NT$33.01 (As of Today)
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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), Pan Jit International's Intrinsic Value: Projected FCF is NT$33.01. The stock price of Pan Jit International is NT$53.80. Therefore, Pan Jit International's Price-to-Intrinsic-Value-Projected-FCF of today is 1.6.

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

TPE:2481' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.81   Med: 1.55   Max: 2.8
Current: 1.63

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Pan Jit International was 2.80. The lowest was 0.81. And the median was 1.55.

TPE:2481's Price-to-Projected-FCF is ranked better than
55.67% of 582 companies
in the Semiconductors industry
Industry Median: 2.01 vs TPE:2481: 1.63

Pan Jit International Intrinsic Value: Projected FCF Historical Data

The historical data trend for Pan Jit International'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.

Pan Jit International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.22 32.89 38.17 31.03 33.01

Pan Jit International 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 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 Premium Member Only Premium Member Only Premium Member Only 31.03 23.81 25.25 31.30 33.01

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Pan Jit International'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.


Pan Jit International Price-to-Projected-FCF Distribution

For the Semiconductors industry and Technology sector, Pan Jit International's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Pan Jit International's Price-to-Projected-FCF falls into.



Pan Jit International 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 Pan Jit International's Free Cash Flow(6 year avg) = NT$215.93.

Pan Jit International'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*215.93152+13248.598*0.8)/383.395
=33.01

* 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.


Pan Jit International  (TPE:2481) 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.

Pan Jit International's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=53.80/33.006748630136
=1.63

* 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.


Pan Jit International Intrinsic Value: Projected FCF Related Terms

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Pan Jit International (TPE:2481) Business Description

Traded in Other Exchanges
N/A
Address
No. 24, Gangshan North Road, Gangshan District, Kaohsiung, TWN, 820
Pan Jit International Inc is engaged in the manufacturing, processing, assembly, and import and export of semiconductors. The company also assembles, trades, and transfers technological advancements of machinery parts, and it also trades resins and paints for semiconductors. The company's product portfolio includes MOSFET, Schottky, SiC Devices, Diode Rectifiers, Protection Devices, Bipolar Junction Transistors, and Bridges.

Pan Jit International (TPE:2481) Headlines

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