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Sun Hung Kai Properties (HKSE:00016) Cyclically Adjusted Price-to-FCF : 13.71 (As of Jun. 07, 2024)


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What is Sun Hung Kai Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Sun Hung Kai Properties's current share price is HK$73.60. Sun Hung Kai Properties's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was HK$5.37. Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF for today is 13.71.

The historical rank and industry rank for Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00016' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.04   Med: 44.68   Max: 696.67
Current: 14.02

During the past 13 years, Sun Hung Kai Properties's highest Cyclically Adjusted Price-to-FCF was 696.67. The lowest was 13.04. And the median was 44.68.

HKSE:00016's Cyclically Adjusted Price-to-FCF is ranked worse than
55.17% of 696 companies
in the Real Estate industry
Industry Median: 12.19 vs HKSE:00016: 14.02

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.

Sun Hung Kai Properties's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was HK$7.487. 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$5.37 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sun Hung Kai Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF can be seen below:

* 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.

* Premium members only.

Sun Hung Kai Properties Cyclically Adjusted Price-to-FCF Chart

Sun Hung Kai Properties Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.36 24.39 23.64 18.21 18.38

Sun Hung Kai Properties Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 18.21 - 18.38 -

Competitive Comparison of Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Sun Hung Kai Properties'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.


Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF falls into.



Sun Hung Kai Properties 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.

Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=73.60/5.37
=13.71

* 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.

Sun Hung Kai Properties's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Sun Hung Kai Properties's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=7.487/115.6468*115.6468
=7.487

Current CPI (Jun23) = 115.6468.

Sun Hung Kai Properties Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -2.442 96.409 -2.929
201506 4.013 99.267 4.675
201606 4.505 101.686 5.124
201706 10.269 103.664 11.456
201806 -0.525 106.193 -0.572
201906 4.084 109.601 4.309
202006 15.016 110.590 15.703
202106 4.297 111.360 4.462
202206 3.920 113.448 3.996
202306 7.487 115.647 7.487

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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.


Sun Hung Kai Properties  (HKSE:00016) 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.


Sun Hung Kai Properties Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Sun Hung Kai Properties's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Sun Hung Kai Properties (HKSE:00016) Business Description

Traded in Other Exchanges
Address
30 Harbour Road, 45th Floor, Sun Hung Kai Centre, Hong Kong, HKG
Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, retail and office real estate segment. Most of its business is based in Hong Kong where it is a leading private housing developer and holds a portfolio of high-quality retail and office assets for rental income. The company also invests in other listed entities, including telecommunication company, SmarTone and data center provider, SUNeVision. The Kwok family is the controlling shareholder, with a stake of more than 40%.
Executives
Hsbc Trustee (c.i.) Limited 2301 Trustee
Adolfa Limited 2201 Interest of corporation controlled by you
Bertana Limited 2201 Interest of corporation controlled by you
Cyric Limited 2201 Interest of corporation controlled by you
Kwong Siu Hing 2307 Founder of a discretionary trust who can infl
Kwok Kai Fai Adam 2501 Other
Kwok Kai Wang Christopher 2501 Other
Kwok Ho Lai Edward 2501 Other
Kwok Kai Chun Geoffrey 2501 Other
Kwok Ping Luen Raymond 2501 Other
Thriving Talent Holdings Limited 2201 Interest of corporation controlled by you
Thriving Talent Limited 2101 Beneficial owner
Kwok Kai Ho Jonathan 2305 Beneficiary of a trust
Genesis Trust & Corporate Services Ltd 2301 Trustee

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