Discounted Cash Flow Calculation for BSE:532647 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 use
analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
BSE:532647 DCF 1st Stage: Next 5 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.
Provogue (India)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
Provogue (India)'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
Provogue (India)'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 Provogue (India) 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 Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Provogue (India)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Provogue (India)'s earnings growth to the India market average as no estimate data is available.
Unable to compare Provogue (India)'s revenue growth to the India market average as no estimate data is available.
Unable to determine if Provogue (India) is high growth as no earnings estimate data is available.
Unable to determine if Provogue (India) 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.
Provogue (India)'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
0/6, 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
Provogue (India)'s finances.
The net worth of a company is the difference between its assets and liabilities.
Provogue (India)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Provogue (India)'s cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Provogue (India)'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 0.7x 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.
Mr. Nikhil Anupendra Chaturvedi, B.Com., is a Co-Founder of Provogue (India) Limited and serves as its Managing Director. Mr. Chaturvedi has been Managing Director of Prozone Intu Properties Limited since he joined in February 27, 2012. Mr. Chaturvedi has been with Provogue (India) Ltd. since November 1997. He has decade and half of work experience. He serves as Managing Director of Prozone Capital Shopping Centres Limited. Mr. Chaturvedi inspires the entire team at Provogue with passion and single-mindedness to create shareholder value which is his driving force. Mr. Chaturvedi serves as a Director of Provogue (India) Limited. He has been a Director of Prozone Intu Properties Limited since February 27, 2012. He served as a Director of Prozone Enterprises Private Limited. Mr. Chaturvedi is a Bachelor of Commerce.
Insufficient data for Nikhil to compare compensation growth.
Nikhil'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 Provogue (India) management team is over 5 years, this suggests they are a seasoned and experienced team.
Company Secretary & Compliance Officer
Head of Operations
Vice President of Marketing
Vice President of Sale & Retail
Head of Production
Chief Executive Officer of Intu Properties
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Provogue (India) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Provogue (India) Limited manufactures and trades in garments, fashion accessories, textile products, and related materials in India. It offers shirts, T-shirts, jackets, suits and blazers, sweaters and sweatshirts, jeans, suits and blazers, trousers and chinos, shorts, inner ware, and hoodies for men; and dresses, shirts and blouses, T-shirts and knitted tops, trousers, jeans, and shorts for women, as well as accessories, such as fragrances, belts, ties, and wallets under the Provogue brand. The company retails its products through exclusive Provogue stores, as well as through its e-commerce portal, Provogue.com, as well as e-commerce partners. It also exports its products. The company was founded in 1997 and is based in Mumbai, India.
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