The historical rank and industry rank for Henderson Land Development Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
HKSE:00012'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.8 Med: 41.98 Max: 66.21
Current: 20.98
During the past 13 years, Henderson Land Development Co's highest Cyclically Adjusted Price-to-FCF was 66.21. The lowest was 17.80. And the median was 41.98.
HKSE:00012's Cyclically Adjusted Price-to-FCF is ranked worse than 69.87% of 697
companies
in the Real Estate industry
Industry Median: 12.17
vs HKSE:00012: 20.98
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Henderson Land Development Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$2.987. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is HK$1.16 for the trailing ten years ended in Dec23.
Shiller PE for Stocks: The True Measure of Stock Valuation
Henderson Land Development Co Cyclically Adjusted Price-to-FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Henderson Land Development Co Cyclically Adjusted Price-to-FCF Chart
Competitive Comparison of Henderson Land Development Co's Cyclically Adjusted Price-to-FCF
For the Real Estate - Diversified subindustry, Henderson Land Development Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Henderson Land Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Henderson Land Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Henderson Land Development Co's Cyclically Adjusted Price-to-FCF falls into.
Henderson Land Development Co Cyclically Adjusted Price-to-FCF Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Henderson Land Development Co (HKSE:00012) Cyclically Adjusted Price-to-FCF Explanation
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Henderson Land Development Co Cyclically Adjusted Price-to-FCF Related Terms
Thank you for viewing the detailed overview of Henderson Land Development Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Henderson Land Development Co (HKSE:00012) Business Description
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.
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