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How does this work?
A valuation is an assessment of the value of one share in a company, it is not necessarily the same as the price listed in the sharemarket. You can use a variety of methods to value a company, Valuecruncher uses Discounted Cash Flow (DCF) analysis to help people create the valuations you see below.
Valuecruncher Valuation
5.96%
from latest share price
Your Last Valuation
| Valuation | Compared to price | Member |
 Created
|
Views |
|---|---|---|---|---|
| $3.02 |
5.96%
|
Valuecruncher | 09 Jan 2009 | 0 |
| $2.76 |
 -3.16%
|
KiwiEMH | 15 Dec 2008 | 15 |
| $2.81 |
-0.35%
|
jeremy | 21 Oct 2008 | 25 |
| $3.40 |
-5.56%
|
NZXCrunchBlog | 20 Oct 2008 | 31 |
| $3.13 |
0.0%
|
KiwiEMH | 07 May 2008 | 60 |
Recent Comments
Company Details
| Updated: | 2 hours ago |
| Ticker: | STU |
| Market: | NZE |
This valuation is part of this blog post:
http://blog.valuecruncher.com/2008/10/running-the-numbers-steel-tube-stunz/
Assumptions
In 2008 (June balance date) STU.NZ had revenues of NZ$503.8 million and an EBITD margin (profits) of 9% (with a five-year average of 12%). Reuters aggregates seven analysts covering STU.NZ and these have mean estimates of 2009 revenues of NZ$504 million. For this analysis we have used revenues of NZ$500 million in 2009, NZ$525 million in 2010 and NZ$550million in 2011. We have forecast EBITDA margins flat at 10% to 2011. We have estimated capital expenditure flat at NZ$8.5 million moving forward. All of these assumptions can be amended in the Valuecruncher on-line valuation model to adjust the valuation.
Other Model Assumptions:
Discount Rate: 11%. PwC in their New Zealand cost of capital report calculates STU.NZ WACC at 11.4%.
Terminal Growth Rate: 3.0%. The New Zealand economy has grown at an average rate of 2.6% over the last five-years. We see STU.NZ growing broadly in-line moving forward.
Our analysis incorporates the cash and debt on the STU.NZ balance sheet – Valuecruncher calculates a net debt number.
WACC at 12.5% (PWC use 12.4%). LTG at 3% - slightly below the 3.5% NZ long-run economic growth. Tax at 30%.