Discounted Cash Flow Calculation for BUSE:PANNERGY 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.
BUSE:PANNERGY 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.
PannErgy's share price is below the future cash flow value, and at a moderate discount (> 20%).
PannErgy'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
PannErgy's earnings available for a low price, and how does
this compare to other companies in the same industry?
PannErgy's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
Unable to determine if PannErgy 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.
PannErgy'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
2/6, 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. Dénes Gyimóthy has been Acting Chief Executive Officer of PannErgy Plc since May 5, 2015 and has served as its Vice Chairman since August 31, 2007. Mr. Gyimóthy served as the Chief Executive Officer and Chief Financial Officer of PannErgy Plc. (Pannonplast Muanyagipari Rt). Mr. Gyimóthy worked as senior advisor at KPMG Hungary between 1996 and 2000, and then he was portfolio manager responsible for Central and East-European equities investment at the Budapest Investment Fund Management Plc. He serves as Deputy Chairman of PannErgy Plc and has also been its Director since September 2004. He was a member of the Board of Directors of Synergon from 2006 to 2007. He graduated at the Donát Bánki College of Engineering in 1996.
Insufficient data for Dénes to compare compensation growth.
Insufficient data for Dénes to establish whether their remuneration is reasonable compared to companies of similar size in .
Vice Chairman & Acting CEO
IR & PR Consultant
Board of Directors Tenure
Average tenure of the
board of directors in years:
The average tenure for the PannErgy board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Vice Chairman & Acting CEO
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
Here’s why PannErgy Plc’s (BUSE:PANNERGY) Returns On Capital Matters So Much
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for PannErgy: 0.035 = Ft768m ÷ (Ft26b - Ft3.7b) (Based on the trailing twelve months to December 2018.) Therefore, PannErgy has an ROCE of 3.5%.
Is PannErgy Plc's (BUSE:PANNERGY) High P/E Ratio A Problem For Investors?
Check out our latest analysis for PannErgy How Do I Calculate PannErgy's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for PannErgy: P/E of 30.48 = HUF718 ÷ HUF23.55 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … With meaningful debt and a lack of recent earnings growth, the market has high expectations that the business will earn more in the future.
What Does PannErgy Plc's (BUSE:PANNERGY) Balance Sheet Tell Us About It?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
What Kind Of Shareholder Owns Most PannErgy Plc (BUSE:PANNERGY) Stock?
Generally speaking, as a company grows, institutions will increase their ownership. … PannErgy is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.
PannErgy Plc (BUSE:PANNERGY) Might Not Be A Great Investment
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Should We Worry About PannErgy Plc's (BUSE:PANNERGY) P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … PannErgy has a price to earnings ratio of 80.41, based on the last twelve months. … How Do I Calculate PannErgy's Price To Earnings Ratio
Is PannErgy Plc's (BUSE:PANNERGY) Balance Sheet Strong Enough To Weather A Storm?
However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Can We See Significant Institutional Ownership On The PannErgy Plc (BUSE:PANNERGY) Share Register?
A look at the shareholders of PannErgy Plc (BUSE:PANNERGY) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of Ft12b, PannErgy is a small cap stock, so it might not be well known by many institutional investors.
Don't Sell PannErgy Plc (BUSE:PANNERGY) Before You Read This
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how PannErgy Plc's (BUSE:PANNERGY) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Should You Be Concerned About PannErgy Plc's (BUSE:PANNERGY) Investors?
Today, I will be analyzing PannErgy Plc’s (BUSE:PANNERGY) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine PANNERGY's ownership structure in more detail.
PannErgy Plc generates power through the exploitation of geothermal water resources. It operates through central heating and power plants located in Miskolc, Szentlorinc, Berekfürdo, and Gyor of Hungary. The company was founded in 1922 and is based in Budapest, Hungary.
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