Discounted Cash Flow Calculation for ASX:BAH using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
Bojun Agriculture Holdings
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Note: Free cash flow to equity valuations ignore the company's cash or debt.
ASX:BAH DCF 1st Stage: Next 10 year cash flow forecast
The current share price of
Bojun Agriculture Holdings
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Bojun Agriculture Holdings's
is considered below, and whether this is a fair price.
Price based on past earnings
Bojun Agriculture Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
Bojun Agriculture Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if Bojun Agriculture Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Bojun Agriculture Holdings's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Bojun Agriculture Holdings
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Bojun Agriculture Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
Bojun Agriculture Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Bojun Agriculture Holdings has no long term commitments.
This treemap shows a more detailed breakdown of
Bojun Agriculture Holdings's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 68.3x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Ms. Xianhong Fan serves as Chief Executive Officer of Bojun Agriculture Holdings Limited. Ms. Fan serves as General Manager and Vice President of Bojun Agriculture Holdings Limited since September 06, 2016. Ms. Fan served as an assistant to the general manager at Lvjie Shares Co., Ltd. from November 1999 to June 2004. She served as general manager of Lvjie Shares Co., Ltd. from August 2004 to August 2010. Ms. Fan served as general manager at Jiangxi Bojun Ecological Agriculture Development Co., Ltd. from September 2010 to till now. She has received master degree in Marketing and MBA in Nanchang University.
Xianhong's compensation has been consistent with company performance over the past year, both up more than 20%.
Xianhong's remuneration is lower than average for companies of similar size in Australia.
CEO, GM & VP
CFO & Executive Director
Deputy General Manager
Board of Directors Tenure
Average tenure of the
Bojun Agriculture Holdings
board of directors in years:
The average tenure for the Bojun Agriculture Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors
CFO & Executive Director
Independent Non-Executive Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
If You Had Bought Bojun Agriculture Holdings (ASX:BAH) Stock A Year Ago, You'd Be Sitting On A 70% Loss, Today
Unfortunately, shareholders of Bojun Agriculture Holdings Limited (ASX:BAH) have suffered share price declines over the last year. … Bojun Agriculture Holdings may have better days ahead, of course; we've only looked at a one year period. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Can We See Significant Insider Ownership On The Bojun Agriculture Holdings Limited (ASX:BAH) Share Register?
A look at the shareholders of Bojun Agriculture Holdings Limited (ASX:BAH) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Bojun Agriculture Holdings is not a large company by global standards.
Bojun Agriculture Holdings Limited (ASX:BAH) Earns A Nice Return On Capital Employed
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … First up, we'll look at what ROCE is and how we calculate it. … Return On Capital Employed (ROCE): What is it?
I am going to take a deep dive into Bojun Agriculture Holdings Limited’s (ASX:BAH) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine BAH's ownership structure in more detail.
Can Bojun Agriculture Holdings Limited (ASX:BAH) Continue To Outperform Its Industry?
and want to better understand how you can grow your money by investing in Bojun Agriculture Holdings Limited (ASX:BAH). … Bojun Agriculture Holdings Limited (ASX:BAH) performed in-line with its packaged foods and meats industry on the basis of its ROE – producing a return of12.96% relative to the peer average of 11.10% over the past 12 months. … If BAH borrows debt to invest in its business, its profits will be higher.
Bojun Agriculture Holdings Limited (ASX:BAH)'s Return on Capital
To understand Bojun Agriculture Holdings’s capital returns we will look at a useful metric called return on capital employed. … See our latest analysis for Bojun Agriculture Holdings What is Return on Capital Employed (ROCE)? … I have calculated Bojun Agriculture Holdings’s ROCE for you below: ROCE Calculation for BAH Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = AU$12.31M ÷ (AU$51.47M - AU$1.47M) = 24.63% BAH’s 24.63% ROCE means that for every A$100 you invest, the company creates A$24.6.
Bojun Agriculture Holdings Limited's (ASX:BAH) Earnings Grew 3.06%, Did It Beat Long-Term Trend?
When Bojun Agriculture Holdings Limited (ASX:BAH) released its most recent earnings update (30 September 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … See our latest analysis for Bojun Agriculture Holdings Did BAH's recent earnings growth beat the long-term trend and the industry? … Given that these values may be somewhat short-term, I’ve calculated an annualized five-year figure for BAH's earnings, which stands at AU$8.34M This shows that, on average, Bojun Agriculture Holdings has been able to gradually improve its bottom line over the past few years as well.
Who Are The Largest Shareholders In Bojun Agriculture Holdings Limited (ASX:BAH)?
Ownership structure of a company has been found to affect share performance over time. … View our latest analysis for Bojun Agriculture Holdings ASX:BAH Ownership_summary Mar 29th 18 Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Another important group of owners for potential investors in BAH are private companies that hold a stake of 9.09% in BAH.
Can Bojun Agriculture Holdings Limited's (ASX:BAH) ROE Continue To Surpass The Industry Average?
See our latest analysis for Bojun Agriculture Holdings What you must know about ROE Return on Equity (ROE) is a measure of Bojun Agriculture Holdings’s profit relative to its shareholders’ equity. … Bojun Agriculture Holdings’s cost of equity is 8.55%. … Since Bojun Agriculture Holdings’s return covers its cost in excess of 14.68%, its use of equity capital is efficient and likely to be sustainable.
Is It Time To Buy Bojun Agriculture Holdings Limited (ASX:BAH) Based Off Its PE Ratio?
It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BAH Price per share = A$0.3 Earnings per share = A$0.109 ∴ Price-Earnings Ratio = A$0.3 ÷ A$0.109 = 2.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with BAH, then BAH’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.
Bojun Agriculture Holdings Limited manufactures and sells food products in China. The company primarily offers fruit vinegar, fruit confectionery, and enzyme drink products. Bojun Agriculture Holdings Limited was founded in 2006 and is based in Sydney, Australia.
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