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China Everbright (HKSE:00165) Cyclically Adjusted Price-to-FCF : 106.50 (As of Jun. 09, 2024)


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What is China Everbright Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), China Everbright's current share price is HK$4.26. China Everbright's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.04. China Everbright's Cyclically Adjusted Price-to-FCF for today is 106.50.

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

HKSE:00165' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 95.5   Med: 107.5   Max: 122
Current: 102.58

During the past 13 years, China Everbright's highest Cyclically Adjusted Price-to-FCF was 122.00. The lowest was 95.50. And the median was 107.50.

HKSE:00165's Cyclically Adjusted Price-to-FCF is ranked worse than
87.08% of 503 companies
in the Asset Management industry
Industry Median: 20.31 vs HKSE:00165: 102.58

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.

China Everbright's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.882. 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$0.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Everbright Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Everbright'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.

China Everbright Cyclically Adjusted Price-to-FCF Chart

China Everbright 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 - - - - 111.24

China Everbright Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - - - 111.24

Competitive Comparison of China Everbright's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, China Everbright'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.


China Everbright's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China Everbright's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



China Everbright 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.26/0.04
=106.50

* 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.

China Everbright's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, China Everbright's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.882/117.2957*117.2957
=1.882

Current CPI (Dec23) = 117.2957.

China Everbright Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.768 99.707 -2.080
201512 0.551 102.015 0.634
201612 -0.743 103.225 -0.844
201712 -0.483 104.984 -0.540
201812 0.277 107.622 0.302
201912 0.701 110.700 0.743
202012 0.027 109.711 0.029
202112 -2.082 112.349 -2.174
202212 2.406 114.548 2.464
202312 1.882 117.296 1.882

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.


China Everbright  (HKSE:00165) 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.


China Everbright Cyclically Adjusted Price-to-FCF Related Terms

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


China Everbright (HKSE:00165) Business Description

Traded in Other Exchanges
Address
16 Harcourt Road, 46th Floor, Far East Finance Centre, Hong Kong, HKG
China Everbright Ltd is an investment management firm based predominantly in Hong Kong. The company's core activity includes investing in long-term investment vehicles to secure capital appreciation for its investors. Its investment portfolio is comprised of unlisted equity securities, equity derivatives, start-up, and development-stage companies, and long-term equity. The company's operating segments include Fund Management Business and Principal Investments Business. Geographically, It generates maximum revenue from Mainland China.
Executives
China Everbright Holdings Company Limited 2201 Interest of corporation controlled by you
Citic Group Corporation 2201 Interest of corporation controlled by you
Citic Limited 2201 Interest of corporation controlled by you
Prudential Plc 2201 Interest of corporation controlled by you
Zhong Xin Bao Cheng Ren Shou Bao Xian You Xian Gong Si 2101 Beneficial owner

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