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Huarong International Financial Holdings (HKSE:00993) Intrinsic Value: Projected FCF : HK$2.77 (As of May. 26, 2024)


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What is Huarong International Financial Holdings 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 (2024-05-26), Huarong International Financial Holdings's Intrinsic Value: Projected FCF is HK$2.77. The stock price of Huarong International Financial Holdings is HK$0.059. Therefore, Huarong International Financial Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

HKSE:00993' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.02   Med: 0.16   Max: 0.24
Current: 0.02

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Huarong International Financial Holdings was 0.24. The lowest was 0.02. And the median was 0.16.

HKSE:00993's Price-to-Projected-FCF is ranked better than
99.68% of 937 companies
in the Asset Management industry
Industry Median: 0.94 vs HKSE:00993: 0.02

Huarong International Financial Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for Huarong International Financial Holdings'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.

Huarong International Financial Holdings Intrinsic Value: Projected FCF Chart

Huarong International Financial Holdings Annual Data
Trend Apr14 Apr15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.02 0.81 1.11 2.77

Huarong International Financial Holdings Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 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 0.81 - 1.11 - 2.77

Competitive Comparison of Huarong International Financial Holdings's Intrinsic Value: Projected FCF

For the Asset Management subindustry, Huarong International Financial Holdings'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.


Huarong International Financial Holdings's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Huarong International Financial Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Huarong International Financial Holdings's Price-to-Projected-FCF falls into.



Huarong International Financial Holdings 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 Huarong International Financial Holdings's Free Cash Flow(6 year avg) = HK$2,748.45.

Huarong International Financial Holdings'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*2748.4538571429+-1656.654/0.8)/8709.586
=2.77

* 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.


Huarong International Financial Holdings  (HKSE:00993) 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.

Huarong International Financial Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.059/2.7665413218591
=0.02

* 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.


Huarong International Financial Holdings Intrinsic Value: Projected FCF Related Terms

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Huarong International Financial Holdings (HKSE:00993) Business Description

Traded in Other Exchanges
Address
60 Gloucester Road, 15th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG
Huarong International Financial Holdings Ltd is a finance company that provides brokerage services on securities, investment banking, futures, and asset management. The company operates through four segments. The securities segment is composed of the brokerage and trading of securities, futures and options contracts, and margin financing services. The corporate finance segment provides securities underwriting, sponsoring, and financial advisory services to institutional clients. The asset management and direct investment segment consists of asset management services and direct investments in equities, bonds, funds, derivative instruments, and other financial products. The financial services and others segment comprises finance lease services and business consulting services.
Executives
Shinning Rhythm Limited 2106 Person having a security interest in shares
Dong Jufeng
Jia Tianjiang
China Tian Yuan Asset Management Limited
China Tian Yuan Manganese Finance (holdings) Limited
Ningxia Tianyuan Manganese Industry Group Co., Ltd.
Tian Yuan Manganese Limited
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si 2106 Person having a security interest in shares
China Tian Yuan Finance Group (holdings) Limited 2201 Interest of corporation controlled by you
China Tian Yuan International Finance Limited 2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li You Xian Gong Si 2106 Person having a security interest in shares

Huarong International Financial Holdings (HKSE:00993) Headlines

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