Discounted Cash Flow Calculation for BRSE:ADMI 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.
BRSE:ADMI 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
Admicasa Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
Admicasa Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if Admicasa Holding 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.
Admicasa Holding'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
1/6, 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
Admicasa Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
Admicasa Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Admicasa Holding's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Admicasa Holding'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.
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.5x 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.
Why Admicasa Holding AG (BRN:ADMI) Looks Like A Quality Company
Admicasa Holding has a ROE of 23%, based on the last twelve months. … One way to conceptualize this, is that for each CHF1 of shareholders' equity it has, the company made CHF0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
What Kind Of Investor Owns Most Of Admicasa Holding AG (BRN:ADMI)?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Admicasa Holding is a smaller company with a market capitalization of CHF42m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Admicasa Holding
Is Admicasa Holding AG's (BRN:ADMI) ROE Of 23% Impressive?
By way of learning-by-doing, we'll look at ROE to gain a better understanding Admicasa Holding AG (BRN:ADMI). … Admicasa Holding has a ROE of 23%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity
Does Admicasa Holding AG's (BRN:ADMI) PE Ratio Warrant A Sell?
and want to better understand how you can grow your money by investing in Admicasa Holding AG (BRN:ADMI). … Admicasa Holding AG (BRN:ADMI) is trading with a trailing P/E of 16.1x, which is higher than the industry average of 13.5x. … While ADMI might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
What is Behind Admicasa Holding AG's (BRN:ADMI) Superior ROE?
See our latest analysis for Admicasa Holding Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Admicasa Holding’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Admicasa Holding’s equity capital deployed. … Given a positive discrepancy of 23.45% between return and cost, this indicates that Admicasa Holding pays less for its capital than what it generates in return, which is a sign of capital efficiency.
Is Admicasa Holding AG (BRN:ADMI) A Sell At Its Current PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ADMI Price per share = CHF23 Earnings per share = CHF1.334 ∴ Price-Earnings Ratio = CHF23 ÷ CHF1.334 = 17.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with ADMI, then investors would naturally value ADMI at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with ADMI, investors would also value ADMI at a higher price since it is a higher growth investment.
Is Admicasa Holding AG (BRN:ADMI) A Financially Sound Company?
On top of this, ADMI has generated CHF1.22M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 14.53%, indicating that ADMI’s operating cash is not sufficient to cover its debt. … We can check to see whether ADMI is able to meet its debt obligations by looking at the net interest coverage ratio. … In ADMI's, case, the ratio of 53.43x suggests that interest is comfortably covered, which means that debtors may be willing to loan the company more money, giving ADMI ample headroom to grow its debt facilities.Next Steps: ADMI’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Admicasa Holding AG, through its subsidiaries, operates as a real estate company in Switzerland. The company invests in new construction and conversion projects, as well as in land; and provides third party management, portfolio management, real estate advisory, and real estate brokerage services. It is also involved in the management, marketing, and letting of real estate properties; and construction management and contracting activities, as well as support and execution of real estate transactions. The company was founded in 2016 and is based in Frauenfeld, Switzerland.
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