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Dickson Concepts (International) (HKSE:00113) Cyclically Adjusted Price-to-FCF : 4.85 (As of Jun. 03, 2024)


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What is Dickson Concepts (International) Cyclically Adjusted Price-to-FCF?

As of today (2024-06-03), Dickson Concepts (International)'s current share price is HK$4.75. Dickson Concepts (International)'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 was HK$0.98. Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF for today is 4.85.

The historical rank and industry rank for Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:00113' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.45   Med: 5.89   Max: 9.02
Current: 4.96

During the past 13 years, Dickson Concepts (International)'s highest Cyclically Adjusted Price-to-FCF was 9.02. The lowest was 3.45. And the median was 5.89.

HKSE:00113's Cyclically Adjusted Price-to-FCF is ranked better than
80.78% of 437 companies
in the Retail - Cyclical industry
Industry Median: 12.77 vs HKSE:00113: 4.96

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.

Dickson Concepts (International)'s adjusted free cash flow per share data of for the fiscal year that ended in Mar23 was HK$1.137. 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$0.98 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dickson Concepts (International) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dickson Concepts (International)'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.

Dickson Concepts (International) Cyclically Adjusted Price-to-FCF Chart

Dickson Concepts (International) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 5.84 6.03 4.17 4.08

Dickson Concepts (International) Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 4.17 - 4.08 -

Competitive Comparison of Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF

For the Luxury Goods subindustry, Dickson Concepts (International)'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.


Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF falls into.



Dickson Concepts (International) 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.

Dickson Concepts (International)'s Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.75/0.98
=4.85

* 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.

Dickson Concepts (International)'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Dickson Concepts (International)'s adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=1.137/115.4269*115.4269
=1.137

Current CPI (Mar23) = 115.4269.

Dickson Concepts (International) Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.247 95.749 0.298
201503 0.111 99.927 0.128
201603 0.231 102.785 0.259
201703 -0.049 103.335 -0.055
201803 0.578 105.973 0.630
201903 1.878 108.172 2.004
202003 1.949 110.920 2.028
202103 1.438 111.579 1.488
202203 1.884 113.558 1.915
202303 1.137 115.427 1.137

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.


Dickson Concepts (International)  (HKSE:00113) 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.


Dickson Concepts (International) Cyclically Adjusted Price-to-FCF Related Terms

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


Dickson Concepts (International) (HKSE:00113) Business Description

Traded in Other Exchanges
Address
98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has its presence in Hong Kong, Taiwan and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.
Executives
Dickson Investment Holding (ptc) Corporation 2301 Trustee
Poon Dickson Pearson Guanda 2501 Other
Poon Dickson 2307 Founder of a discretionary trust who can infl
Paicolex Trust Company (bvi) Limited 2301 Trustee
Paicolex Trust Management Ag 2301 Trustee
Yu Kwai Chu, Pearl 2202 Interest of your spouse

Dickson Concepts (International) (HKSE:00113) Headlines

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