Discounted Cash Flow Calculation for MUN:A8N 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.
MUN:A8N 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.
aovo Touristik's share price is below the future cash flow value, and at a moderate discount (> 20%).
aovo Touristik'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
aovo Touristik'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 aovo Touristik 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 Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare aovo Touristik's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare aovo Touristik's earnings growth to the Germany market average as no estimate data is available.
Unable to compare aovo Touristik's revenue growth to the Germany market average as no estimate data is available.
Unable to determine if aovo Touristik is high growth as no earnings estimate data is available.
Unable to determine if aovo Touristik 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.
aovo Touristik'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. Gerhard M. Griebler serves as Chairman of the Management Board at aovo Touristik AG. Mr. Griebler serves as the Chief Executive Officer at aovo:network GmbH (alternate name, T&T:network GmbH). Mr. Griebler serves as a Member of Management Board at aovo Touristik AG and is responsible for Product Development, Sales and Marketing, Product Management, Commercial Administration. He served as the and Head of Tourism & Operations at aovo Touristik AG. He served as the Head of the Department for Short Trips at Deutsches Reisebüro GmbH with an emphasis on Coporate Travel, Disneyland and Center Parcs. Previously, he headed the project Tourism and Ticketing at the EXPO 2000 in Hanover, Germany, with the main focus on project initiation and the overall project guidance. Before, he served as a Managing Director at Deutsche Entertainment AG where he was responsible for distribution, marketing and press.
Insufficient data for Gerhard to compare compensation growth.
Insufficient data for Gerhard to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
CEO & Chairman of Management Board
Director of Human Resources
Head of Product Development
Board of Directors
Chairman of Supervisory Board
Vice Chairman of Supervisory Board
Member of Supervisory Board
Member of Supervisory Board
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
I've been keeping an eye on aovo Touristik AG (MUN:A8N) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe A8N has a lot to offer. … company with a
aovo Touristik AG (MUN:A8N): What Are Investors Earning On Their Capital?
Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently aovo Touristik is able to use capital to create earnings will help us understand your potential return.
What's The Outlook For Loss-Making aovo Touristik AG (MUN:A8N)?
Additional cash raising may dilute the value of your shares, and since aovo Touristik is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … MUN:A8N Income Statement May 11th 18 When will aovo Touristik need to raise more cash? … Though, if opex continues to rise at this rate, given how much cash reserves aovo Touristik currently has, it will actually need to raise capital again within the next couple of months!
Should You Have aovo Touristik AG's (MUN:A8N) In Your Portfolio?
See our latest analysis for aovo Touristik An interpretation of A8N's beta aovo Touristik's beta of 0.07 indicates that the stock value will be less variable compared to the whole stock market. … Based on this beta value, A8N appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … How A8N's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.
Does aovo Touristik AG's (MUN:A8N) Past Performance Indicate A Stronger Future?
Assessing aovo Touristik AG's (MUN:A8N) past track record of performance is an insightful exercise for investors. … For the most up-to-date info, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the past half a decade aovo Touristik's revenue growth has been somewhat soft, with an annual growth rate of -1.20%, on average.
aovo Touristik AG provides tour and travel services primarily in Germany and rest of Europe. The company markets its services through direct sales and online. aovo Touristik AG was founded in 2000 and is headquartered in Hanover, Germany.
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.