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Top Form International (HKSE:00333) Intrinsic Value: Projected FCF : HK$0.44 (As of May. 31, 2024)


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What is Top Form International 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 (2024-05-31), Top Form International's Intrinsic Value: Projected FCF is HK$0.44. The stock price of Top Form International is HK$0.345. Therefore, Top Form International's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

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

HKSE:00333' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.46   Med: 0.74   Max: 0.89
Current: 0.78

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Top Form International was 0.89. The lowest was 0.46. And the median was 0.74.

HKSE:00333's Price-to-Projected-FCF is ranked better than
58.72% of 780 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.955 vs HKSE:00333: 0.78

Top Form International Intrinsic Value: Projected FCF Historical Data

The historical data trend for Top Form 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.

Top Form International Intrinsic Value: Projected FCF Chart

Top Form International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.37 1.18 0.85 0.44

Top Form International 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 - 0.85 - 0.44 -

Competitive Comparison of Top Form International's Intrinsic Value: Projected FCF

For the Apparel Manufacturing subindustry, Top Form 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.


Top Form International's Price-to-Projected-FCF Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Top Form International's Price-to-Projected-FCF distribution charts can be found below:

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



Top Form 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 Top Form International's Free Cash Flow(6 year avg) = HK$-17.34.

Top Form 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 (Jun23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-17.335428571429+372.999*0.8)/301.053
=0.44

* 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.


Top Form International  (HKSE:00333) 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.

Top Form 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
=0.345/0.44297789735783
=0.78

* 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.


Top Form International Intrinsic Value: Projected FCF Related Terms

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Top Form International (HKSE:00333) Business Description

Traded in Other Exchanges
N/A
Address
33 Tseuk Luk Street, 7th Floor, Port 33, San Po Kong, Kowloon, Hong Kong, HKG
Top Form International Ltd is an investment holding company. The company designs, manufacture, and distributes ladies intimate apparel, principally brassieres. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Belgium; Netherlands; Spain; France; Sri Lanka; Canada; People's Republic of China; Germany; Italy; Mexico; and other countries.
Executives
High Union Holdings Inc. 2401 A concert party to an agreement to buy shares
Triple Gains Ventures Limited 2401 A concert party to an agreement to buy shares
Chan He Lin 2401 A concert party to an agreement to buy shares
Wong Chung Chong 2401 A concert party to an agreement to buy shares
Wong Kai Chi Kenneth 2101 Beneficial owner
Wong Kai Chung Kevin 2101 Beneficial owner
Van De Velde Herman 2201 Interest of corporation controlled by you
Van De Velde N.v. 2101 Beneficial owner
Van De Velde Holding N.v. 2201 Interest of corporation controlled by you
Webb David Michael 2101 Beneficial owner
Triple United Investments Limited
Union World Holdings Limited

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