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Corby Spirit and Wine (TSX:CSW.A) Intrinsic Value: Projected FCF

: C$14.21 (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 (2024-04-16), Corby Spirit and Wine's Intrinsic Value: Projected FCF is C$14.21. The stock price of Corby Spirit and Wine is C$12.88. Therefore, Corby Spirit and Wine's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Corby Spirit and Wine's Intrinsic Value: Projected FCF or its related term are showing as below:

TSX:CSW.A' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.91   Med: 1.33   Max: 1.64
Current: 0.91

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Corby Spirit and Wine was 1.64. The lowest was 0.91. And the median was 1.33.

TSX:CSW.A's Price-to-Projected-FCF is ranked better than
59.62% of 156 companies
in the Beverages - Alcoholic industry
Industry Median: 1.255 vs TSX:CSW.A: 0.91

Corby Spirit and Wine Intrinsic Value: Projected FCF Historical Data

The historical data trend for Corby Spirit and Wine'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.

Corby Spirit and Wine Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.73 14.88 16.24 13.92 13.85

Corby Spirit and Wine 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 13.86 13.15 13.85 13.13 14.21

Competitive Comparison

For the Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.


Corby Spirit and Wine Price-to-Projected-FCF Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Corby Spirit and Wine's Price-to-Projected-FCF falls into.



Corby Spirit and Wine 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 Corby Spirit and Wine's Free Cash Flow(6 year avg) = C$27.12.

Corby Spirit and Wine'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*27.12464+182.813*0.8)/28.469
=14.21

* 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.


Corby Spirit and Wine  (TSX:CSW.A) 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.

Corby Spirit and Wine's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=12.88/14.207963388738
=0.91

* 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.


Corby Spirit and Wine Intrinsic Value: Projected FCF Related Terms

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Corby Spirit and Wine (TSX:CSW.A) Business Description

Traded in Other Exchanges
Address
225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2
Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

Corby Spirit and Wine (TSX:CSW.A) Headlines

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