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Patrimoine et Commerce (XPAR:PAT) Intrinsic Value: Projected FCF : €22.17 (As of Apr. 26, 2024)


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What is Patrimoine et Commerce 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 (2024-04-26), Patrimoine et Commerce's Intrinsic Value: Projected FCF is €22.17. The stock price of Patrimoine et Commerce is €21.40. Therefore, Patrimoine et Commerce's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for Patrimoine et Commerce's Intrinsic Value: Projected FCF or its related term are showing as below:

XPAR:PAT' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.8   Med: 1.92   Max: 2.76
Current: 0.97

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Patrimoine et Commerce was 2.76. The lowest was 0.80. And the median was 1.92.

XPAR:PAT's Price-to-Projected-FCF is ranked worse than
73.72% of 548 companies
in the REITs industry
Industry Median: 0.65 vs XPAR:PAT: 0.97

Patrimoine et Commerce Intrinsic Value: Projected FCF Historical Data

The historical data trend for Patrimoine et Commerce'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.

Patrimoine et Commerce Intrinsic Value: Projected FCF Chart

Patrimoine et Commerce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.56 14.67 18.35 18.92 22.17

Patrimoine et Commerce Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 18.35 - 18.92 - 22.17

Competitive Comparison of Patrimoine et Commerce's Intrinsic Value: Projected FCF

For the REIT - Retail subindustry, Patrimoine et Commerce'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.


Patrimoine et Commerce's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Patrimoine et Commerce's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Patrimoine et Commerce's Price-to-Projected-FCF falls into.



Patrimoine et Commerce 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 Patrimoine et Commerce's Free Cash Flow(6 year avg) = €-1.59.

Patrimoine et Commerce'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*-1.5898571428571+439.246*0.8)/15.170
=22.17

* 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.


Patrimoine et Commerce  (XPAR:PAT) 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.

Patrimoine et Commerce's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=21.40/22.166170139265
=0.97

* 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.


Patrimoine et Commerce Intrinsic Value: Projected FCF Related Terms

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Patrimoine et Commerce (XPAR:PAT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7/9 rue Nationale, Boulogne-Billacourt, FRA, 92100
Patrimoine et Commerce is a real estate company engaged in the acquisition, development, and operation of commercial real estate properties in France. It operates a portfolio of real estate assets located in high-attraction areas in the suburbs or centers of medium-sized cities. The company's property portfolio includes shopping malls, supermarkets, shops, and business parks.

Patrimoine et Commerce (XPAR:PAT) Headlines

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