Latest news with #DCF
Deccan Herald
5 hours ago
- General
- Deccan Herald
DH Impact: MCC removes concrete bases of 108 trees on 8 roads in Mysuru
Mysuru: Mysore City Corporation has cleared concretisation of the bases of 108 trees on a stretch of 11.44km on 8 major roads of Mysuru city after DCF Mysuru territorial division, K N Basavaraju issued directions in this regard following a report in DH. One metre space around tree bases on 1.6 km stretch on Bengaluru-Nilgiri Road – from Five Lights Circle to Fountain Circle as been cleared; 3.09 km stretch of Nelson Mandela Road and Sayyaji Rao Road – from LIC Circle to KR Hospital; 630 metre stretch on Dewans Road; 4.01 km stretch on Vinobha Road; 600 metre stretch on Irwin Road; 170 metre stretch on Bogadi Road; 840 metre stretch from Andolana Circle to Anikethana Road; and 50 metre stretch on Vishwamanava Road in Kuvempu Nagar. MCC Commissioner Sheikh Tanveer Asif informed MNREGA employees stage protest, demand payment of pending 7-month salaries."There were 339 trees on these roads and among them 108 tree bases which were covered, have been cleared," said, MCC Development Commissioner K J Sindhu said. .MCC Commissioner Asif added that they are in the process of attending to the legacy errors to clear all tree bases one by one in the entire city. MCC has even taken permanent steps to prevent concretisation of tree bases in the city in future. MCC has approved a council decision that any person who concretises trees have to deconcritise within months post which they will impose a fine of Rs 2000. Also they have decided that, henceforth all work orders will have conditions that the contractor will restore breathing space for water article published in DH on May 12 2025 had highlighted how most of the tree bases on roadsides in Mysuru are covered with concrete, tar or interlocked pavements, affecting their health, growth, survival with inadequate aeration and percolation of water and nutrition to their roots. It had highlighted judgment of the National Green Tribunal in the matter of Sahil Garg Vs State of Punjab that mandates that one-metre radius around the tree base be left un-concretised and filled with soil to facilitate percolation of water to the roots to promote its health and survival. Followed by Report DCF Mysuru territorial division, K N Basavaraju had written a letter to MCC Commissioner Sheikh Tanveer Asif asking him to take measures to de-concretise trees on priority in these eight major roads of the city which they have already surveyed. Meanwhile in a major development, Minister for Environment, Ecology and Forests Eshwar B Khandre has also passed an order on May 22, directing officials to take measures to concretisation of roadside tree bases in all the cities of the State.
Yahoo
21 hours ago
- General
- Yahoo
Kansas teachers left in the dark when reporting suspected child abuse, neglect
Marcus Stratton, a school counselor in Wakarusa, tells a legislative committee on June 2, 2025, in Topeka about his experience as a mandatory reporter of suspected child abuse and neglect. (Kansas Reflector screen capture of the Kansas Legislature You Tube channel) TOPEKA — Filing reports of suspected child abuse or neglect is the most difficult part of Marcus Stratton's job as a school counselor at a Kansas middle school. Stratton is a mandatory reporter, the title given to educators, health care workers, social workers and members of law enforcement who are required by law to report any suspicion of neglect or abuse. Teachers and school staff are the most frequent reporters of child neglect and abuse in Kansas, but minimal feedback, communication and transparency from the state foster care agency have left more questions than answers. Testifying before the Joint Committee on Child Welfare System Oversight, Stratton asked lawmakers Monday for more training for mandatory reporters and greater clarity on how the process of investigating allegations of abuse or neglect works within the state's foster care agency, the Kansas Department for Children and Families. 'When I get to a point where I have to make a mandatory report for a child, I can no longer meet the needs of the child in a public school setting,' Stratton told lawmakers. Teachers are taught not to investigate when they suspect potential abuse or neglect. Once a report is made, Stratton said he rarely knows the outcome. He only knows whether or not it has been assigned for investigation. 'Once we make the report, we may be meeting our legal obligations to do that, but we still have the relationship with the student that we have to maintain,' he said. Stratton is a counselor at Pauline South Intermediate School in Wakarusa, and he was not speaking as an official representative of the school. With concern for the wellbeing of students, he regularly questions how to navigate the opaque mandatory reporting process. He said the process can only be as good as those who are making the reports and those who are receiving them. Of the 71,000 reports of potential abuse, neglect or a family in need of assessment to the Kansas Protection Report Center in 2024, about half are assigned to an investigator, according to DCF data. Almost 30% of reports come from educators. In his nine years as a counselor, Stratton has never been called to court to testify in a child's case after filing a report. His experience with the Kansas Department for Children and Families has been good about 90% of the time, he said. 'In the years that I've been making mandated reports, I haven't come up with a magic formula,' Stratton said. 'There's so many different types of situations, so many different types of people. There's just no way that I think you can perfectly legislate something like this.' The more information, the better, he said. He suggested training for mandatory reporters to understand how DCF's process of investigation works and what qualifications and training an investigator might have. Eudora Republican Sen. Beverly Gossage, a former teacher and chair of the committee, said Stratton's concerns resonated with her. She relayed her experience with an old student who came to her sixth-grade class with a 'belt mark' across his face. He always had a story, Gossage said. After the second time, she filed a report. 'It does put you in an awkward position,' she said. The process can be a gray area for mandatory reporters, who may not know the consequences of filing a report and whether their anonymity will be maintained. It can be difficult to be specific when filing reports, said Monique Young, a Missouri educator who has also worked in Kansas. In Missouri, counselors, teachers and administrators participate in required training to recognize when a student needs help, but it can be a tough balance, Young said, when no central system exists within schools to ensure the best outcomes for both reporters and students. Often, information regarding investigations is confidential, said Tanya Keys, the deputy secretary of DCF. But she took Stratton's suggestions in stride, indicating there might be opportunities for educators to gain insight into the mandatory reporting system. Before Stratton left the committee room Monday, Gossage gave Keys and Stratton homework. She requested they meet again outside of the committee setting to discuss Stratton's concerns and find solutions that can apply to all mandatory reporters.
Yahoo
2 days ago
- Business
- Yahoo
Estimating The Intrinsic Value Of Symrise AG (ETR:SY1)
Symrise's estimated fair value is €111 based on 2 Stage Free Cash Flow to Equity Symrise's €105 share price indicates it is trading at similar levels as its fair value estimate The €115 analyst price target for SY1 is 4.0% more than our estimate of fair value Does the June share price for Symrise AG (ETR:SY1) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Believe it or not, it's not too difficult to follow, as you'll see from our example! Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (€, Millions) €546.9m €577.2m €625.7m €700.5m €710.0m €718.9m €727.9m €737.1m €746.4m €755.8m Growth Rate Estimate Source Analyst x6 Analyst x7 Analyst x6 Analyst x2 Analyst x1 Est @ 1.25% Est @ 1.26% Est @ 1.26% Est @ 1.26% Est @ 1.26% Present Value (€, Millions) Discounted @ 5.5% €518 €518 €532 €565 €542 €520 €499 €479 €459 €441 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = €5.1b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (1.3%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 5.5%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = €756m× (1 + 1.3%) ÷ (5.5%– 1.3%) = €18b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= €18b÷ ( 1 + 5.5%)10= €10b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €16b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of €105, the company appears about fair value at a 5.4% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Symrise as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 5.5%, which is based on a levered beta of 0.987. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Symrise Strength Earnings growth over the past year exceeded the industry. Debt is well covered by earnings and cashflows. Dividends are covered by earnings and cash flows. Weakness Dividend is low compared to the top 25% of dividend payers in the Chemicals market. Opportunity Annual earnings are forecast to grow for the next 3 years. Current share price is below our estimate of fair value. Threat Annual earnings are forecast to grow slower than the German market. Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Symrise, there are three further elements you should further examine: Risks: To that end, you should be aware of the 1 warning sign we've spotted with Symrise . Future Earnings: How does SY1's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every German stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Is Avingtrans plc (LON:AVG) Trading At A 23% Discount?
The projected fair value for Avingtrans is UK£5.34 based on 2 Stage Free Cash Flow to Equity Avingtrans is estimated to be 23% undervalued based on current share price of UK£4.10 When compared to theindustry average discount to fair value of 8.4%, Avingtrans' competitors seem to be trading at a lesser discount Does the June share price for Avingtrans plc (LON:AVG) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the forecast future cash flows of the company and discounting them back to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. It may sound complicated, but actually it is quite simple! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (£, Millions) -UK£6.57m UK£2.34m UK£3.98m UK£5.96m UK£8.09m UK£10.2m UK£12.1m UK£13.8m UK£15.2m UK£16.4m Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 70.19% Est @ 49.90% Est @ 35.69% Est @ 25.75% Est @ 18.78% Est @ 13.91% Est @ 10.50% Est @ 8.11% Present Value (£, Millions) Discounted @ 8.3% -UK£6.1 UK£2.0 UK£3.1 UK£4.3 UK£5.4 UK£6.3 UK£6.9 UK£7.2 UK£7.4 UK£7.4 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = UK£44m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.5%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.3%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = UK£16m× (1 + 2.5%) ÷ (8.3%– 2.5%) = UK£291m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= UK£291m÷ ( 1 + 8.3%)10= UK£130m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is UK£174m. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of UK£4.1, the company appears a touch undervalued at a 23% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Avingtrans as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.3%, which is based on a levered beta of 1.131. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Avingtrans Strength Debt is not viewed as a risk. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Machinery market. Opportunity Annual revenue is forecast to grow faster than the British market. Trading below our estimate of fair value by more than 20%. Threat No apparent threats visible for AVG. Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Can we work out why the company is trading at a discount to intrinsic value? For Avingtrans, we've put together three further items you should look at: Risks: For example, we've discovered 1 warning sign for Avingtrans that you should be aware of before investing here. Future Earnings: How does AVG's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every British stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
2 days ago
- Business
- Yahoo
Is Dätwyler Holding AG (VTX:DAE) Trading At A 42% Discount?
The projected fair value for Dätwyler Holding is CHF205 based on 2 Stage Free Cash Flow to Equity Current share price of CHF118 suggests Dätwyler Holding is potentially 42% undervalued Analyst price target for DAE is CHF150 which is 27% below our fair value estimate In this article we are going to estimate the intrinsic value of Dätwyler Holding AG (VTX:DAE) by taking the expected future cash flows and discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Don't get put off by the jargon, the math behind it is actually quite straightforward. We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (CHF, Millions) CHF115.8m CHF127.8m CHF145.9m CHF164.6m CHF175.7m CHF183.3m CHF189.1m CHF193.5m CHF196.9m CHF199.6m Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Analyst x2 Analyst x2 Est @ 4.33% Est @ 3.16% Est @ 2.34% Est @ 1.76% Est @ 1.36% Present Value (CHF, Millions) Discounted @ 5.6% CHF110 CHF115 CHF124 CHF132 CHF134 CHF132 CHF129 CHF125 CHF121 CHF116 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = CHF1.2b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.4%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 5.6%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = CHF200m× (1 + 0.4%) ÷ (5.6%– 0.4%) = CHF3.9b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= CHF3.9b÷ ( 1 + 5.6%)10= CHF2.2b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is CHF3.5b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of CHF118, the company appears quite good value at a 42% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Dätwyler Holding as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 5.6%, which is based on a levered beta of 1.195. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Dätwyler Holding Strength Debt is well covered by earnings and cashflows. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Machinery market. Opportunity Annual earnings are forecast to grow faster than the Swiss market. Trading below our estimate of fair value by more than 20%. Threat Dividends are not covered by earnings. Revenue is forecast to grow slower than 20% per year. Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. Why is the intrinsic value higher than the current share price? For Dätwyler Holding, we've compiled three fundamental aspects you should further examine: Risks: To that end, you should be aware of the 4 warning signs we've spotted with Dätwyler Holding . Future Earnings: How does DAE's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every Swiss stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
