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Haitong Unitrust International Financial Leasing Co (HKSE:01905) Intrinsic Value: Projected FCF : HK$-10.50 (As of Jun. 06, 2024)


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What is Haitong Unitrust International Financial Leasing Co 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 (2024-06-06), Haitong Unitrust International Financial Leasing Co's Intrinsic Value: Projected FCF is HK$-10.50. The stock price of Haitong Unitrust International Financial Leasing Co is HK$0.73. Therefore, Haitong Unitrust International Financial Leasing Co's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Haitong Unitrust International Financial Leasing Co's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:01905's Price-to-Projected-FCF is not ranked *
in the Credit Services industry.
Industry Median: 0.74
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Haitong Unitrust International Financial Leasing Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for Haitong Unitrust International Financial Leasing Co'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.

Haitong Unitrust International Financial Leasing Co Intrinsic Value: Projected FCF Chart

Haitong Unitrust International Financial Leasing Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - -16.47 -10.50

Haitong Unitrust International Financial Leasing Co Semi-Annual Data
Dec16 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 - - -16.47 - -10.50

Competitive Comparison of Haitong Unitrust International Financial Leasing Co's Intrinsic Value: Projected FCF

For the Credit Services subindustry, Haitong Unitrust International Financial Leasing Co'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.


Haitong Unitrust International Financial Leasing Co's Price-to-Projected-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Haitong Unitrust International Financial Leasing Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Haitong Unitrust International Financial Leasing Co's Price-to-Projected-FCF falls into.



Haitong Unitrust International Financial Leasing Co 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 Haitong Unitrust International Financial Leasing Co's Free Cash Flow(6 year avg) = HK$-7,557.31.

Haitong Unitrust International Financial Leasing Co'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)
=(13.783508514862*-7557.3114285714+22089.825*0.8)/8235.300
=-10.50

* 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.


Haitong Unitrust International Financial Leasing Co  (HKSE:01905) 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.

Haitong Unitrust International Financial Leasing Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.73/-10.502884706711
=

* 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.


Haitong Unitrust International Financial Leasing Co Intrinsic Value: Projected FCF Related Terms

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Haitong Unitrust International Financial Leasing Co (HKSE:01905) Business Description

Traded in Other Exchanges
Address
No. 599 South Zhongshan Road, Haitong Unitrust Tower, Huangpu District, Shanghai, CHN, 200010
Haitong Unitrust International Financial Leasing Co Ltd is engaged in providing financial leasing, operating leasing, factoring, entrusted loans, other loans, and advisory services. It also provides the purchase of leased assets from both domestic and international suppliers, residual value disposal and maintenance of leased assets, advisory services, and guarantee of lease transactions.
Executives
Haitong International Holdings Limited 2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd. 2201 Interest of corporation controlled by you
Haitong Ut Capital Group Co., Limited 2101 Beneficial owner

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