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As of today (2024-06-10), Mace Security International's intrinsic value calculated from the Discounted Dividend model is $.
Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.
Mace Security International's Predictability Rank is Not Rated. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.
Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Mace Security International is
The historical rank and industry rank for Mace Security International's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:
The historical data trend for Mace Security International's Intrinsic Value: DCF (Dividends Based) 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.
Mace Security International Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Intrinsic Value: DCF (Dividends Based) | Get a 7-Day Free Trial | - | - | - | - | - |
Mace Security International Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Intrinsic Value: DCF (Dividends Based) | Get a 7-Day Free Trial | - | - | - | - | - |
For the Security & Protection Services subindustry, Mace Security International's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) 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.
For the Business Services industry and Industrials sector, Mace Security International's Price-to-DCF (Dividends Based) distribution charts can be found below:
* The bar in red indicates where Mace Security International's Price-to-DCF (Dividends Based) falls into.
This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.
Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.
GuruFocus DDM calculator is a two-stage model. The default values are defined as:
1. Discount Rate: d = 11%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 4.45%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.
2. Dividend Growth Rate in the growth stage: g1 = %
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=>
3. Years of Growth Stage: y1 = 10
4. Terminal Growth Rate: g2 = 4%
5. Dividends per Share: adjusted dividends per share = $.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.
All of the default settings can be changed in the DCF calculator and the results are calculated automatically.
Mace Security International's Intrinsic Value: DCF (Dividends Based) for today is calculated as:
Intrinsic Value: DCF (Dividends Based) | = | Dividends per Share | * | {[(1+g1)/(1+d) | + | (1+g1)^2/(1+d)^2 | + | ... | + | (1+g1)^10/(1+d)^10] |
+ | (1+g1)^10/(1+d)^10 | * | [(1+g2)/(1+d) | + | (1+g2)^2/(1+d)^2 | + | ... | + | (1+g2)^10/(1+d)^10]} |
set x = (1+g1)/(1+d) = (1+)/(1+0.11) =
and y = (1+g2)/(1+d) = (1+)/(1+0.11) =
Intrinsic Value: DCF (Dividends Based) | = | Dividends per Share | * | {[x | + | x^2 | + | ... | + | x^10] | + | x^10 | * | [y | + | y^2 | + | ... | + | y^10]} |
= | Dividends per Share | * | [x | * | (1-x^10) | / | (1-x) | + | x^10 | * | y | * | (1-y^10) | / | (1-y)] | |||||
= | * | |||||||||||||||||||
= |
Margin of Safety % (DCF Dividends Based) | = | (Intrinsic Value: DCF (Dividends Based) | - | Current Price) | / | Intrinsic Value: DCF (Dividends Based) |
= | ( | - | 0.07) | / |
* 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.
Mace Security International (OTCPK:MACE) Intrinsic Value: DCF (Dividends Based) Explanation
Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.
Be Aware
What you need to know about Discounted Dividends model:
1. The Discounted Dividends model evaluates a company based on its future dividends distribution powerYou can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.
Thank you for viewing the detailed overview of Mace Security International's Intrinsic Value: DCF (Dividends Based) provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard A Barone | director | ONE CHAGRIN HIGHLANDS, 2000 AUBURN DRIVE SUITE 300, CLEVELAND OH 44122 |
John Joseph Mccann | director, officer: CEO | 17410 TALL TREE TRAIL, CHAGRIN FALLS OH 44023 |
Daniel V Perella | director | 5991 HEATHER LANE, HUDSON OH 44236 |
Denis J Amato | director | ONE CHAGRIN HIGHLAND, 2000 AUBURN DRIVE #300, CLEVELAND OH 44122 |
Larry I Pollock | director | BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108 |
Dennis R Raefield | director, officer: Chief Executive Officer | 4 ORCHARD LN, ALAMO CA 94507 |
Michael E Smith | director | 240 GIBRALTAR ROAD, SUITE 220, HORSHAM PA 19044 |
John C Mallon | director | 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017 |
Lawndale Capital Management Llc | 10 percent owner | 591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941 |
Andrew E Shapiro | 10 percent owner | 591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941 |
Gerald T Laflamme | director | 2355 S ARLINGTON HEIGHTS RD STE 400, ARLIGTON HEIGHTS IL 60005 |
Ronald R Pollo | officer: Chief Accounting Officer | 1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054 |
Papadakis Constantine | director | 75 CRESTLINE RD, WAYNE NJ 19087 |
Gregory M Krzemien | officer: Cheif Financial Officer | 1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054 |
Matthew Joseph Paolino | director | 1000 CRAWFORD PLAZA, SUITE 400, MOUNT LAUREL NJ 08054 |
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