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Merchants Bancshares (Merchants Bancshares) Intrinsic Value: Projected FCF : $0.00 (As of May. 05, 2024)


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What is Merchants Bancshares 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 (2024-05-05), Merchants Bancshares's Intrinsic Value: Projected FCF is $0.00. The stock price of Merchants Bancshares is $49.80. Therefore, Merchants Bancshares's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

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

MBVT's Price-to-Projected-FCF is not ranked *
in the Banks industry.
Industry Median: 0.44
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Merchants Bancshares Intrinsic Value: Projected FCF Historical Data

The historical data trend for Merchants Bancshares'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.

Merchants Bancshares Intrinsic Value: Projected FCF Chart

Merchants Bancshares Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.13 36.59 36.62 41.01 42.40

Merchants Bancshares Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 40.78 41.53 38.11 42.40 39.45

Competitive Comparison of Merchants Bancshares's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, Merchants Bancshares'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.


Merchants Bancshares's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Merchants Bancshares's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Merchants Bancshares's Price-to-Projected-FCF falls into.



Merchants Bancshares 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 Merchants Bancshares's Free Cash Flow(6 year avg) = $17.57.

Merchants Bancshares'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 (Mar17)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*17.57152+158.648*0.8)/6.929
=42.46

* 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.


Merchants Bancshares  (NAS:MBVT) 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.

Merchants Bancshares's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=49.80/42.460015655293
=1.17

* 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.


Merchants Bancshares Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Merchants Bancshares's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Merchants Bancshares (Merchants Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
Merchants Bancshares Inc is a bank holding company organized under Vermont law in 1983. Merchants Bank, the Company's primary subsidiary, is a Vermont commercial bank with 32 full-service banking offices located throughout the state of Vermont. The Company, through its subsidiary, offers a full range of deposit, loan, cash management, and trust services to meet the financial needs of individual consumers, businesses and municipalities at 32 full-service banking offices throughout the state of Vermont. Its trust division offers investment management, financial planning and trustee services. The Company competes in Vermont for deposit and loan business not only with other commercial and savings banks, and savings and loan associations, but also with credit unions and other non-bank financial providers. It is subject to extensive regulation and supervision, including, in many cases, regulation that limits the type and scope of its activities.
Executives
Jeffrey L Davis director 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
Pecor Raymond C Iii director 1 KING STREET DOCK, BURLINGTON VT 05401
Richard M Donovan officer: Interim PAO, PFO and Treasurer C/O FIRST SEACOAST BANCORP, 633 CENTRAL AVENUE, DOVER NH 03820
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Eric Andrew Segal officer: Interim PAO, PFO and Treasurer 6489 DEERFIELD DRIVE, NEW HOPE PA 18938
Thomas J. Meshako officer: Treasurer and CFO MERCHANTS BANK, P.O. BOX 1009, BURLINGTON VT 05402
John A Kane director C/O MERCHANTS BANCSHARES, INC., 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
F Sheldon Prentice officer: Senior Vice President C/O NBT BANCORP, 52 BROAD STREET, NORWICH NY 13815
Charles A Davis director 1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029

Merchants Bancshares (Merchants Bancshares) Headlines