Discounted Cash Flow Calculation for NSEI:SYMPHONY 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.
NSEI:SYMPHONY 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
Symphony's earnings available for a low price, and how does
this compare to other companies in the same industry?
Symphony's earnings are expected to grow significantly at over 20% yearly.
Symphony's revenue is expected to grow significantly at over 20% yearly.
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.
Symphony'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.
Mr. Achal Anil Bakeri, MBA founded Symphony Limited in 1988 and serves as its Chairman and Managing Director. Mr. Bakeri is a Non-Executive Independent Director of Arvind Fashions Limited. Mr. Bakeri served as the Chief Executive Officer at Symphony Limited until May 26, 2012 and also served its President. He has rich and varied experience of about 2 decades in various fields including constructions, exports, technical, manufacturing, designing etc. He has been a Director of Symphony Limited since December 1, 1992. He serves as a Director of Symphony Designer Properties Pvt. Ltd., Bakeri Engineering &Infrastructure Ltd., Harmony Holdings Pvt. Ltd., Oras InvestmentsPvt. Ltd., Paratam Investments Pvt. Ltd., and Bakeri Urban Development Pvt. Ltd. Mr. Bakeri holds Architect, MBA from University of Southern California.
Achal's compensation has been consistent with company performance over the past year.
Achal's remuneration is lower than average for companies of similar size in India.
CFO and Senior VP of Finance & Accounts
Compliance Officer & Company Secretary
Chief Operating Officer
Vice President of Sales
Vice President of Marketing
Associate Vice President of HRD
Chief Innovation Officer
CEO & General Director of IMPCO S de R L De CV
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Symphony board of directors is about average.
Don't Sell Symphony Limited (NSE:SYMPHONY) Before You Read This
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. … We'll apply a basic P/E ratio analysis to Symphony Limited's (NSE:SYMPHONY), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
How Much Are Symphony Limited (NSE:SYMPHONY) Insiders Taking Off The Table?
So before you buy or sell Symphony Limited (NSE:SYMPHONY), you may well want to know whether insiders have been buying or selling. … That means that an insider was selling shares at around the current price of ₹1,365. … Over the last year, we note insiders sold 153.75k shares worth ₹226m.
Can We See Significant Insider Ownership On The Symphony Limited (NSE:SYMPHONY) Share Register?
A look at the shareholders of Symphony Limited (NSE:SYMPHONY) can tell us which group is most powerful. … Taking a look at our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about SYMPHONY
Symphony Limited (NSE:SYMPHONY) Delivered A Better ROE Than Its Industry
This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Symphony has a return on equity of 19% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
One Factor To Consider Before Investing In Symphony Limited (NSE:SYMPHONY)
If you are currently a shareholder in Symphony Limited (NSE:SYMPHONY), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I will take you through Symphony’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Symphony’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure
Don't Sell Symphony Limited (NSE:SYMPHONY) Before You Read This
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 2.0%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Have Insiders Been Selling Symphony Limited (NSE:SYMPHONY) Shares This Year?
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … We generally consider it a positive if insiders have been buying on market, even above the current price. … It's not ideal to see that insiders have sold at around the current price
What Should You Know About Symphony Limited's (NSE:SYMPHONY) Capital Returns?
and want a simplistic look at the return on Symphony Limited (NSE:SYMPHONY) stock. … Your return is tied to SYMPHONY’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand Symphony’s capital returns we will look at a useful metric called return on capital employed.
Symphony Limited (NSE:SYMPHONY): A Fundamentally Attractive Investment
Symphony Limited (NSE:SYMPHONY) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of SYMPHONY, it
How Financially Strong Is Symphony Limited (NSE:SYMPHONY)?
Symphony Limited (NSE:SYMPHONY) is a small-cap stock with a market capitalization of ₹70.1b. … 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. … Evaluating financial health as part of your investment thesis is
Symphony Limited engages in the manufacture and trading of residential, commercial, and industrial air coolers in India and internationally. The company offers residential and mobile commercial air coolers; packaged air coolers for various commercial, industrial and residential uses; and central air cooling products for use in factories, offices, schools, malls, assembly halls, warehouses, and metro stations. It sells its products through a network of distributors and retailers, e-commerce portals, and TV shopping channels primarily under the Symphony brand name in approximately 60 countries products. The company was formerly known as Symphony Comfort Systems Ltd. and changed its name to Symphony Limited in June 2010. Symphony Limited was founded in 1988 and is headquartered in Ahmedabad, India.
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