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Lenovo Group (HKSE:00992) Cyclically Adjusted Price-to-FCF : 21.28 (As of Jun. 09, 2024)


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What is Lenovo Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Lenovo Group's current share price is HK$10.64. Lenovo Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$0.50. Lenovo Group's Cyclically Adjusted Price-to-FCF for today is 21.28.

The historical rank and industry rank for Lenovo Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00992' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.34   Med: 13.44   Max: 23.82
Current: 21.29

During the past years, Lenovo Group's highest Cyclically Adjusted Price-to-FCF was 23.82. The lowest was 8.34. And the median was 13.44.

HKSE:00992's Cyclically Adjusted Price-to-FCF is ranked better than
60.87% of 966 companies
in the Hardware industry
Industry Median: 30.465 vs HKSE:00992: 21.29

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.

Lenovo Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was HK$0.174. 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$0.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lenovo Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lenovo Group'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.

Lenovo Group Cyclically Adjusted Price-to-FCF Chart

Lenovo Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.58 21.76 17.23 14.79 18.15

Lenovo Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.79 14.04 13.27 20.87 18.15

Competitive Comparison of Lenovo Group's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Lenovo Group'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.


Lenovo Group's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Lenovo Group's Cyclically Adjusted Price-to-FCF falls into.



Lenovo Group 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.

Lenovo Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=10.64/0.5
=21.28

* 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.

Lenovo Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Lenovo Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.174/117.7354*117.7354
=0.174

Current CPI (Mar. 2024) = 117.7354.

Lenovo Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.053 96.409 0.065
201409 0.016 97.948 0.019
201412 0.381 99.707 0.450
201503 -0.956 99.927 -1.126
201506 -0.320 99.267 -0.380
201509 0.495 99.927 0.583
201512 0.133 102.015 0.153
201603 -0.751 102.785 -0.860
201606 -0.075 101.686 -0.087
201609 0.985 102.565 1.131
201612 0.116 103.225 0.132
201703 -0.102 103.335 -0.116
201706 -0.531 103.664 -0.603
201709 0.135 103.994 0.153
201712 0.043 104.984 0.048
201803 -0.618 105.973 -0.687
201806 0.134 106.193 0.149
201809 -0.049 106.852 -0.054
201812 0.872 107.622 0.954
201903 -0.453 108.172 -0.493
201906 -0.243 109.601 -0.261
201909 0.706 110.260 0.754
201912 0.189 110.700 0.201
202003 0.110 110.920 0.117
202006 0.092 110.590 0.098
202009 0.349 107.512 0.382
202012 1.042 109.711 1.118
202103 0.177 111.579 0.187
202106 0.097 111.360 0.103
202109 0.760 109.051 0.821
202112 0.145 112.349 0.152
202203 0.673 113.558 0.698
202206 0.008 113.448 0.008
202209 1.019 113.778 1.054
202212 -0.215 114.548 -0.221
202303 -0.081 115.427 -0.083
202306 0.191 115.647 0.194
202309 0.065 116.087 0.066
202312 0.005 117.296 0.005
202403 0.174 117.735 0.174

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.


Lenovo Group  (HKSE:00992) 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.


Lenovo Group Cyclically Adjusted Price-to-FCF Related Terms

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


Lenovo Group (HKSE:00992) Business Description

Industry
Traded in Other Exchanges
Address
979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG
Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Yang Yuanqing 2101 Beneficial owner
Right Lane Limited 2201 Interest of corporation controlled by you
Lian Xiang Kong Gu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Jie You Xian Gong Si 2201 Interest of corporation controlled by you
The Goldman Sachs Group, Inc. 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2106 Person having a security interest in shares
Harvest Star Limited 2201 Interest of corporation controlled by you
Red Eagle Group (ptc) Limited 2201 Interest of corporation controlled by you
Union Star Limited 2101 Beneficial owner
Sureinvest Holdings Limited 2201 Interest of corporation controlled by you

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