Discounted Cash Flow Calculation for BATS-CHIXE:HDGA 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.
BATS-CHIXE:HDGA 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.
Hunter Douglas's share price is below the future cash flow value, and at a moderate discount (> 20%).
Hunter Douglas's share price is below the future cash flow value, and 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
Hunter Douglas's earnings available for a low price, and how does
this compare to other companies in the same industry?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hunter Douglas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Hunter Douglas's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Hunter Douglas's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Unable to compare Hunter Douglas's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Unable to determine if Hunter Douglas is high growth as no earnings estimate data is available.
Unable to determine if Hunter Douglas 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.
Hunter Douglas'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.
Mr. Marko H. Sonnenberg serves as Co-President and Chief Executive Officer of Hunter Douglas NV. Mr. Sonnenberg served as the President of Turnits Group and Chief Operating Officer at Hunter Douglas NV.
Insufficient data for Marko to compare compensation growth.
Insufficient data for Marko to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
CEO & Co-President
CEO & Co-President
CFO, VP & Secretary
VP & General Counsel
President & CEO of European Operations
President & CEO of Asian Operations
President & CEO of Latin American Operations
President & CEO of North American Operations
Managing Director of Hunter Douglas Australia & New Zealand
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Hunter Douglas N.V. manufactures and sells window coverings and architectural products worldwide. It operates through Window Coverings, Architectural Products, and Metals Trading segments. The Window Coverings segment offers fabric and honeycomb shades, privacy sheers, and roman and roller shades for commercial and residential use. This segment also provides integrated and premium line of window covering styles, including Venetian and vertical blinds; Roman, roller, pleated, and woven wood shades; wood and alternative wood blinds; custom shutters; exterior Venetian blinds; sun screen blinds; shutters; and awnings. The Architectural Products segment offers architectural products comprising sun control solutions, suspended ceilings, terracotta façades, ventilated façade systems, and translucent architectural solutions primarily for commercial use. The Metals Trading segment trades in metals, primarily in contracts on bulk aluminum. The company offers its products primarily under the HunterDouglas, Luxaflex, Levolor, Hillarys, Duette, Silhouette, Vignette, Pirouette, Luminette, Sonnette, Facette, QuadroClad, Luxalon, NBK, Techstyle, and 3form brands. Hunter Douglas N.V. sells its products through a network of independent and 86 company-owned fabricators. The company was founded in 1919 and is headquartered in Rotterdam, the Netherlands.
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