Discounted Cash Flow Calculation for OTCPK:MKPE.F 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.
OTCPK:MKPE.F DCF 1st Stage: Next 10 year cash flow forecast
The current share price of
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
is considered below, and whether this is a fair price.
Price based on past earnings
Adevinta's earnings available for a low price, and how does
this compare to other companies in the same industry?
Adevinta's earnings are expected to grow significantly at over 20% yearly.
Adevinta's revenue is expected to grow by 12.5% 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.
Adevinta'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
Interactive Media and Services
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
1/6, 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. Rolv Erik Ryssdal serves as the Chief Executive Officer of Marketplaces International ASA. Mr. Ryssdal serves as the Chief Executive Officer at Schibsted Forlag AS. He serves as Vice chairman of Finn No A/S. He also serves Chief Executive Officer of Schibsted Classified Media Spain. Mr. Ryssdal served as the President at Schibsted ASA since June 1, 2009. He served as the Chief Executive Officer of Schibsted ASA since June 1, 2009 until December 3, 2018. He has Extensive consumer business experience, including experience with communication strategies and has in-depth knowledge of digital business models and transformation processes. He has been employed in the Schibsted Group since 1991 and has held several management positions including Chief Executive Officer of Aftonbladet from 1999 to 2005 and Chief Executive Officer and Managing Director at Verdens Gang AS from 2005 to 2008 and Chief Executive Officer of Schibsted Classified Media from 2008 to 2009. Mr. Ryssdal serves as the Chairman of Schibsted Norge ASA. He was Independent Director at Danske Bank A/S from March 18, 2014 to March 19, 2019. Mr. Ryssdal has a Master's degree of Business and Economics from the Norwegian School of Management (BI) in 1987 and a Master's of Business Administration from INSEAD in 1991.
Insufficient data for Rolv to compare compensation growth.
Insufficient data for Rolv to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Rolv Erik Ryssdal
Chief Executive Officer
Chief Financial Officer
Chief Technical Officer
Head of Investor Relations
Senior Vice President of Global Markets
CEO - France
Chief Executive Officer of Spain & Brazil
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Adevinta board of directors is less than 3 years, this suggests a new board.
Board of Directors
Chairman of the Board
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Adevinta ASA operates as an online classifieds company worldwide. The company operates in four segments: France, Spain, Brazil, and Global Markets. It owns and operates 36 online classified marketplaces in generalist, real estate, cars, jobs, and other categories across a range of Websites and mobile applications in 16 countries. The company was formerly known as Marketplaces International ASA and changed its name to Adevinta ASA in February 2019. The company was founded in 2018 and is based in Oslo, Norway. Adevinta ASA operates independently of Schibsted ASA. as of April 9, 2019.
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.