Discounted Cash Flow Calculation for DB:2I6 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
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.
DB:2I6 DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Indel B's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Indel B's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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
is considered below, and whether this is a fair price.
Price based on past earnings
Indel B's earnings available for a low price, and how does
this compare to other companies in the same industry?
Indel B's earnings are expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Indel B's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
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.
Indel B'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.
has a total score of
3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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
Mr. Luca Bora has been the Chief Executive Officer of Indel B S.p.A. since May 24, 2016 and has been its Managing Director since April 1998. Mr. Bora serves as General Manager and Director of Indel B S.p.A. He has been the Managing Director of Condor B since April 1998. He has been a Member of the Executive Board of Indel Webasto Marine since 2008. He became a Process Engineer in the International Rectifier Corporation in 1994. He served as a Quality and Production Consultant of Consulmarche - Integrated Company Management Services from 1995 to 1998. He has been a Director of Indel B Guangdong since 2005. Mr. Bora graduated, with honors, in Physics from the University of Bologna and a second level Masters in Innovation Management from the University of Pisa.
Insufficient data for Luca to compare compensation growth.
Insufficient data for Luca to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Deputy Chairman & Chief Information Officer
CFO & Director
Board of Directors
Chairman of the Board
Deputy Chairman & Chief Information Officer
CFO & Director
Chairman of Board of Statutory Auditors & Member of Supervisory Board
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Indel B S.p.A. produces and sells mobile refrigerators worldwide. The company offers fridges and parking air coolers for cars, off road vehicles, motor homes/caravans, commercial vehicles, mini buses, luxury coaches, and ambulances; and hotel minibars, electronic safes, lock systems, hairdryers, LED lighting products, and LED televisions. It also provides wine cellars for the manufacturers of home appliances; small refrigerators under the FrigoLatte brand for use in milk preservation refrigerators for coffee machine manufacturers; refrigerators for use in the after-market and cruise applications; and built-in fridges for OEMs, as well as equipment for cabin cruiser yacht, including built in and portable fridges, water heaters, cooling units, ice makers, and freezers under the Indel Webasto Marine name. The company was founded in 1967 and is based in Sant'Agata Feltria, Italy. Indel B S.p.A. is a subsidiary of Amp.Fin S.R.L.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.