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Electronics for Imaging (Electronics for Imaging) Intrinsic Value: DCF (Dividends Based) : $ (As of Apr. 28, 2024)


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What is Electronics for Imaging Intrinsic Value: DCF (Dividends Based)?

As of today (2024-04-28), Electronics for Imaging'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.

Electronics for Imaging'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 Electronics for Imaging is

The historical rank and industry rank for Electronics for Imaging's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

EFII's Price-to-DCF (Dividends Based) is not ranked *
in the Hardware industry.
Industry Median: 1.03
* Ranked among companies with meaningful Price-to-DCF (Dividends Based) only.

Electronics for Imaging Intrinsic Value: DCF (Dividends Based) Historical Data

The historical data trend for Electronics for Imaging'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.

* Premium members only.

Electronics for Imaging Intrinsic Value: DCF (Dividends Based) Chart

Electronics for Imaging Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Intrinsic Value: DCF (Dividends Based)
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Electronics for Imaging Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Intrinsic Value: DCF (Dividends Based) 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 - - - - -

Competitive Comparison of Electronics for Imaging's Intrinsic Value: DCF (Dividends Based)

For the Computer Hardware subindustry, Electronics for Imaging'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.


Electronics for Imaging's Price-to-DCF (Dividends Based) Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Electronics for Imaging's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Electronics for Imaging's Price-to-DCF (Dividends Based) falls into.



Electronics for Imaging Intrinsic Value: DCF (Dividends Based) Calculation

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 4.66%. 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.

Electronics for Imaging'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)
= ( - 36.97) /

* 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.


Electronics for Imaging  (NAS:EFII) 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 power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You 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.


Electronics for Imaging Intrinsic Value: DCF (Dividends Based) Related Terms

Thank you for viewing the detailed overview of Electronics for Imaging's Intrinsic Value: DCF (Dividends Based) provided by GuruFocus.com. Please click on the following links to see related term pages.


Electronics for Imaging (Electronics for Imaging) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6750 Dumbarton Circle, Fremont, CA, USA, 94555
Electronics for Imaging provides digital printing services to printer manufacturers, commercial photo labs, sign shops, and billboard graphics providers. The firm operates in three segments: industrial inkjet, which provides eponymous printers to markets undergoing conversion of production from analog to digital; productivity software, which provides products to manage and streamline printing operations; and Fiery, which provides digital front ends to transform printers into networked devices for commercial and industrial use. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Europe, Middle East, and Africa, and Asia-Pacific.
Executives
Dan Maydan director
Eric F Brown director C/O POLYCOM, INC., 4750 WILLOW ROAD, PLEASANTON CA 94588
Thomas Georgens director 495 EAST JAVA DRIVE, SUNNYVALE X1 94089
Janice Chaffin director SYMANTEC CORPORATION, 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Muir William D Jr director, officer: CHIEF EXECUTIVE OFFICER 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
Richard A Kashnow director 313 CONSTITUTION DR, STE 100, MENLO PARK CA 94025
Guy Gecht director
Vincent Pilette officer: Chief Financial Officer 303 VELOCITY WAY, FOSTER CITY CA 94404
John Ritchie officer: Chief Financial Officer 303 VELOCITY WAY, FOSTER CITY X1 94404
James S Greene director
Blum Strategic Gp Iv, L.l.c. 10 percent owner 909 MONTOGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Saddlepoint Partners Gp, L.l.c. 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Strategic Gp Iii, L.l.c. 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Blum Capital Partners Lp 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Richard C Blum & Associates Inc 10 percent owner 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133

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