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H World Group (HKSE:01179) Cyclically Adjusted FCF per Share : HK$0.61 (As of Mar. 2024)


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What is H World Group Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

H World Group's adjusted free cash flow per share for the three months ended in Mar. 2024 was HK$0.207. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is HK$0.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, H World Group's average Cyclically Adjusted FCF Growth Rate was 44.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of H World Group was 24.90% per year. The lowest was -2.80% per year. And the median was -2.40% per year.

As of today (2024-06-05), H World Group's current stock price is HK$28.10. H World Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was HK$0.61. H World Group's Cyclically Adjusted Price-to-FCF of today is 46.07.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of H World Group was 184.38. The lowest was 42.16. And the median was 89.74.


H World Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for H World Group's Cyclically Adjusted FCF per Share 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.

H World Group Cyclically Adjusted FCF per Share Chart

H World Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.30 0.31 0.36 0.58

H World 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 FCF per Share 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 0.42 0.48 0.51 0.58 0.61

Competitive Comparison of H World Group's Cyclically Adjusted FCF per Share

For the Lodging subindustry, H World 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.


H World Group's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, H World Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



H World Group Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, H World 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)
=0.207/115.2271*115.2271
=0.207

Current CPI (Mar. 2024) = 115.2271.

H World Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.135 98.200 0.158
201409 0.106 98.900 0.123
201412 0.115 99.000 0.134
201503 -0.054 99.900 -0.062
201506 0.179 99.500 0.207
201509 0.182 100.500 0.209
201512 0.214 100.600 0.245
201603 0.061 102.200 0.069
201606 0.269 101.400 0.306
201609 0.206 102.400 0.232
201612 0.129 102.600 0.145
201703 0.000 103.200 0.000
201706 0.261 103.100 0.292
201709 0.282 104.100 0.312
201712 0.112 104.500 0.123
201803 0.021 105.300 0.023
201806 0.391 104.900 0.429
201809 0.213 106.600 0.230
201812 0.105 106.500 0.114
201903 -0.094 107.700 -0.101
201906 0.320 107.700 0.342
201909 0.223 109.800 0.234
201912 0.190 111.200 0.197
202003 -0.708 112.300 -0.726
202006 0.066 110.400 0.069
202009 0.268 111.700 0.276
202012 -0.072 111.500 -0.074
202103 -0.578 112.662 -0.591
202106 0.342 111.769 0.353
202109 -0.060 112.215 -0.062
202112 0.156 113.108 0.159
202203 -0.532 114.335 -0.536
202206 0.319 114.558 0.321
202209 0.071 115.339 0.071
202212 0.292 115.116 0.292
202303 0.553 115.116 0.554
202306 0.674 114.558 0.678
202309 0.315 115.339 0.315
202312 0.685 114.781 0.688
202403 0.207 115.227 0.207

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


H World Group  (HKSE:01179) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

H World Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=28.10/0.61
=46.07

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of H World Group was 184.38. The lowest was 42.16. And the median was 89.74.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


H World Group Cyclically Adjusted FCF per Share Related Terms

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


H World Group (HKSE:01179) Business Description

Traded in Other Exchanges
Address
No. 1299 Fenghua Road, Jiading District, Shanghai, CHN, 201803
H World Group Ltd is a multi-brand hotel group in China with international operations. It operates in the leased, manachised, and franchised models. The company has two operating segments; legacy Huazhu and legacy DH. Its brand and product offering includes Economy hotel brands: HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, and Ibis Hotel, Midscale hotel brands: JI Hotel, Orange Hotel, Starway Hotel and Ibis Styles Hotel, Upper midscale hotel brands: Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, CitiGO Hotel and MAXX by Steigenberger, Upscale hotel brands: Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, Jaz in the City, and Grand Mercure; and Luxury hotel brand: Steigenberger Icon and Song Hotels.
Executives
T. Rowe Price Associates, Inc. And Its Affiliates 2101 Beneficial owner
Invesco Advisers, Inc. 2102 Investment manager
Invesco Developing Markets Fund 2106 Person having a security interest in shares

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