Discounted Cash Flow Calculation for BSE:539956 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.
BSE:539956 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.
TAAL Enterprises's share price is below the future cash flow value, and at a moderate discount (> 20%).
TAAL Enterprises'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
TAAL Enterprises's earnings available for a low price, and how does
this compare to other companies in the same industry?
TAAL Enterprises's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if TAAL Enterprises 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.
TAAL Enterprises'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
4/6, 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
TAAL Enterprises's finances.
The net worth of a company is the difference between its assets and liabilities.
TAAL Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
TAAL Enterprises's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
TAAL Enterprises'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 covered by short term assets, assets are 196.2x 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.
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. Salil Baldev Taneja has been Whole-time Director of TAAL Enterprises Ltd since October 1,2018. He has been Non-Executive Director of Taneja Aerospace and Aviation Limited since November 30, 2014 and served as its Whole Time Director from November 30, 2014 to September 30, 2018. Mr. Taneja served as the Chief Executive Officer of ISMT Ltd. from April 1, 2009 to December 1, 2014 and served as its Joint Managing Director from April 30, 2008 to December 1, 2014. Mr. Taneja served as the Chief Financial Officer of Pal Credit & Capital Ltd. He served as the President of Corporate Strategy & Development of ISMT Ltd. until April 30, 2008. He served as the President of Corporate Strategy Development of Indian Seamless Metal Tubes Ltd. and Indian Seamless Steels and Alloys Ltd. He has over 28 years of work experience in business, industry and corporate management. Mr. Taneja serves as the Chairman of TAAL Technologies Pvt. Ltd. He served as the Chairman of Taneja Aerospace and Aviation Limited until September 30, 2018. He served as Independent Director of TD Power Systems Limited from January 17, 2011 to May 17, 2013. He served as Non Executive Director of Taneja Aerospace and Aviation Limited from January 21, 2006 to November 30, 2014. He served as an Executive Director of ISMT Ltd. from October 1, 2004 to December 1, 2014. He served as a Director of TAAL Enterprises Limited until April 22, 2016. He served as a Director at Indian Seamless Metal Tubes Ltd., and Indian Seamless Steels and Alloys Ltd. Mr. Taneja holds a Bachelor's degree in Mechanical Engineering from Case Western Reserve University, Ohio, USA, an MBA in Finance and marketing from Yale, USA and Masters in Public and Private Management (MPPM) from Yale University, USA. He has been Additional Director of TAAL Enterprises Ltd since September 28, 2018.
Insufficient data for Salil to compare compensation growth.
Salil's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the TAAL Enterprises management team is less than 2 years, this suggests a new team.
Whole Time Director
Chief Financial Officer
Company Secretary & Compliance Officer
Assistant Vice President
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the TAAL Enterprises board of directors is less than 3 years, this suggests a new board.
Board of Directors
Whole Time Director
Independent Additional Director
Additional Non-Executive Director
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
TAAL Enterprises Limited provides air charter services in India and internationally. It operates through three segments: Air Charter, Trading of Goods, and Engineering Design Service. The company operates a Cessna Citation CJ2+ twin-engine business jet with a seating capacity of seven passengers based at Pune airport. It also offers product engineering, R&D, and IT services. The company was incorporated in 2014 and is based in Chennai, India. TAAL Enterprises Limited is a subsidiary of Vishkul Leather Garments Private Limited.
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