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Tritax Big Box REIT (LSE:BBOX) Intrinsic Value: Projected FCF : £2.12 (As of May. 27, 2024)


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What is Tritax Big Box REIT 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 (2024-05-27), Tritax Big Box REIT's Intrinsic Value: Projected FCF is £2.12. The stock price of Tritax Big Box REIT is £1.554. Therefore, Tritax Big Box REIT's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.

The historical rank and industry rank for Tritax Big Box REIT's Intrinsic Value: Projected FCF or its related term are showing as below:

LSE:BBOX' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.67   Med: 0.87   Max: 0.95
Current: 0.73

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Tritax Big Box REIT was 0.95. The lowest was 0.67. And the median was 0.87.

LSE:BBOX's Price-to-Projected-FCF is ranked worse than
56.31% of 547 companies
in the REITs industry
Industry Median: 0.66 vs LSE:BBOX: 0.73

Tritax Big Box REIT Intrinsic Value: Projected FCF Historical Data

The historical data trend for Tritax Big Box REIT'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.

Tritax Big Box REIT Intrinsic Value: Projected FCF Chart

Tritax Big Box REIT Annual Data
Trend Feb13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.77 2.69 2.06 2.12

Tritax Big Box REIT Semi-Annual Data
Feb13 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 2.69 - 2.06 - 2.12

Competitive Comparison of Tritax Big Box REIT's Intrinsic Value: Projected FCF

For the REIT - Industrial subindustry, Tritax Big Box REIT'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.


Tritax Big Box REIT's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tritax Big Box REIT's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Tritax Big Box REIT's Price-to-Projected-FCF falls into.



Tritax Big Box REIT 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 Tritax Big Box REIT's Free Cash Flow(6 year avg) = £138.63.

Tritax Big Box REIT'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*138.62571428571+3334*0.8)/1881.931
=2.12

* 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.


Tritax Big Box REIT  (LSE:BBOX) 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.

Tritax Big Box REIT's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.554/2.1185503295507
=0.73

* 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.


Tritax Big Box REIT Intrinsic Value: Projected FCF Related Terms

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Tritax Big Box REIT (LSE:BBOX) Business Description

Industry
Traded in Other Exchanges
Address
6 Duke Street, 3rd Floor, St. James's, London, GBR, SW1Y 6BN
Tritax Big Box REIT PLC is a UK based real estate investment trust. With the focus on the acquisition and management of large-scale logistics real estate Tritax operates in the Investment Property segment. It owns and operates big boxes stores which also serves as the breakdown point for bulk palleted deliveries and are often port-centric in their location focus. The customers it caters operate in the business of retail, logistics, consumer products and automotive.

Tritax Big Box REIT (LSE:BBOX) Headlines

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