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Kingsoft (HKSE:03888) Cyclically Adjusted Price-to-FCF : 15.24 (As of Jun. 03, 2024)


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What is Kingsoft Cyclically Adjusted Price-to-FCF?

As of today (2024-06-03), Kingsoft's current share price is HK$25.45. Kingsoft's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was HK$1.67. Kingsoft's Cyclically Adjusted Price-to-FCF for today is 15.24.

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

HKSE:03888' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.52   Med: 21   Max: 59.53
Current: 15

During the past years, Kingsoft's highest Cyclically Adjusted Price-to-FCF was 59.53. The lowest was 11.52. And the median was 21.00.

HKSE:03888's Cyclically Adjusted Price-to-FCF is ranked better than
62.5% of 136 companies
in the Interactive Media industry
Industry Median: 21.945 vs HKSE:03888: 15.00

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.

Kingsoft's adjusted free cash flow per share data for the three months ended in Dec. 2023 was HK$1.462. 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$1.67 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kingsoft Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kingsoft'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.

Kingsoft Cyclically Adjusted Price-to-FCF Chart

Kingsoft Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.22 38.76 24.52 17.41 14.46

Kingsoft Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 17.41 25.93 19.27 18.26 14.46

Competitive Comparison of Kingsoft's Cyclically Adjusted Price-to-FCF

For the Electronic Gaming & Multimedia subindustry, Kingsoft'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.


Kingsoft's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kingsoft's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kingsoft 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.45/1.67
=15.24

* 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.

Kingsoft's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kingsoft's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.462/114.7809*114.7809
=1.462

Current CPI (Dec. 2023) = 114.7809.

Kingsoft Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 0.000 97.332 0.000
201312 0.422 97.624 0.496
201403 0.080 98.600 0.093
201406 0.259 98.200 0.303
201409 0.104 98.900 0.121
201412 0.527 99.000 0.611
201503 0.015 99.900 0.017
201506 0.278 99.500 0.321
201509 0.219 100.500 0.250
201512 0.822 100.600 0.938
201603 0.089 102.200 0.100
201606 0.316 101.400 0.358
201609 0.170 102.400 0.191
201612 0.653 102.600 0.731
201703 0.521 103.200 0.579
201706 0.440 103.100 0.490
201709 0.560 104.100 0.617
201712 0.130 104.500 0.143
201803 0.092 105.300 0.100
201806 0.223 104.900 0.244
201809 0.004 106.600 0.004
201812 0.318 106.500 0.343
201903 -0.043 107.700 -0.046
201906 0.245 107.700 0.261
201909 0.080 109.800 0.084
201912 0.359 111.200 0.371
202006 0.000 110.400 0.000
202009 0.549 111.700 0.564
202012 0.874 111.500 0.900
202106 0.470 111.769 0.483
202109 0.428 112.215 0.438
202112 0.769 113.108 0.780
202203 0.142 114.335 0.143
202206 0.723 114.558 0.724
202209 0.236 115.339 0.235
202212 1.012 115.116 1.009
202303 0.301 115.116 0.300
202306 1.488 114.558 1.491
202309 -0.416 115.339 -0.414
202312 1.462 114.781 1.462

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.


Kingsoft  (HKSE:03888) 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.


Kingsoft Cyclically Adjusted Price-to-FCF Related Terms

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


Kingsoft (HKSE:03888) Business Description

Traded in Other Exchanges
Address
No. 33 Xierqi Middle Road, Xiaomi Campus, Building D, Haidian District, Beijing, CHN, 100085
Kingsoft Corp Ltd is a Chinese software and Internet services company. The company's operating segment includes entertainment software and others and office software and services. It generates maximum revenue from the entertainment software and others segment. The entertainment software and others segment is engaged in the research and development of games, and the provision of online games, mobile games and casual game services. Geographically, it derives a majority of revenue from Mainland China.
Executives
Kau Pak Kwan 2201 Interest of corporation controlled by you
Topclick Holdings Limited 2101 Beneficial owner
Lei Jun 2201 Interest of corporation controlled by you
Canada Pension Plan Investment Board 2101 Beneficial owner
Blackrock, Inc. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
Tencent Holdings Limited

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