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Cathay Financial Holding Co (Cathay Financial Holding Co) Cyclically Adjusted Price-to-FCF : 37.51 (As of Jun. 06, 2024)


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What is Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Cathay Financial Holding Co's current share price is $14.63. Cathay Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.39. Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is 37.51.

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

CHYFF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.94   Med: 9.7   Max: 43.72
Current: 43.72

During the past years, Cathay Financial Holding Co's highest Cyclically Adjusted Price-to-FCF was 43.72. The lowest was 3.94. And the median was 9.70.

CHYFF's Cyclically Adjusted Price-to-FCF is ranked worse than
93.02% of 315 companies
in the Insurance industry
Industry Median: 11.16 vs CHYFF: 43.72

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.

Cathay Financial Holding Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.421. 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 $0.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cathay Financial Holding Co'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.

Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Chart

Cathay Financial Holding Co 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 4.78 5.76 12.01 12.44 20.21

Cathay Financial Holding Co 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 12.05 9.36 12.73 20.21 37.60

Competitive Comparison of Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, Cathay Financial Holding 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.


Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF falls into.



Cathay Financial Holding 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.

Cathay Financial Holding Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.63/0.39
=37.51

* 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.

Cathay Financial Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cathay Financial Holding Co'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)
=-0.421/131.7762*131.7762
=-0.421

Current CPI (Mar. 2024) = 131.7762.

Cathay Financial Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.611 100.560 0.801
201409 2.989 100.428 3.922
201412 -1.791 99.070 -2.382
201503 -1.357 99.621 -1.795
201506 -0.395 100.684 -0.517
201509 -1.209 100.392 -1.587
201512 -2.125 99.792 -2.806
201603 2.078 100.470 2.725
201606 -1.844 101.688 -2.390
201609 2.622 101.861 3.392
201612 -3.749 101.863 -4.850
201703 0.491 102.862 0.629
201706 4.716 103.349 6.013
201709 -1.042 104.136 -1.319
201712 -1.215 104.011 -1.539
201803 1.224 105.290 1.532
201806 -0.063 106.317 -0.078
201809 -0.975 106.507 -1.206
201812 -2.411 105.998 -2.997
201903 2.055 107.251 2.525
201906 2.287 108.070 2.789
201909 -0.915 108.329 -1.113
201912 0.446 108.420 0.542
202003 -0.425 108.902 -0.514
202006 3.025 108.767 3.665
202009 1.931 109.815 2.317
202012 0.398 109.897 0.477
202103 -1.854 111.754 -2.186
202106 3.738 114.631 4.297
202109 -1.243 115.734 -1.415
202112 0.828 117.630 0.928
202203 -2.939 121.301 -3.193
202206 -1.445 125.017 -1.523
202209 3.627 125.227 3.817
202212 0.008 125.222 0.008
202303 1.852 127.348 1.916
202306 1.201 128.729 1.229
202309 -2.381 129.860 -2.416
202312 -2.154 129.419 -2.193
202403 -0.421 131.776 -0.421

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.


Cathay Financial Holding Co  (OTCPK:CHYFF) 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.


Cathay Financial Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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Cathay Financial Holding Co (Cathay Financial Holding Co) Business Description

Traded in Other Exchanges
Address
No. 296, Section 4, Renai Road, Da'an District, Taipei, TWN, 106
Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The scope of its business is limited by the operation of law to the investment and management of financial services enterprises. The company is a hub for financial services primarily in insurance and banking, and secondarily in asset management. Cathay Financial Holding emphasizes cross-selling and information technology integration in its business model. most of its insurance business, which constitutes approximately half of the company's revenue mix, is related to life insurance. Its banking business, which makes up nearly the other half of its business, is mostly related to consumer and corporate banking.