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Joy City Property (HKSE:00207) Cyclically Adjusted Price-to-FCF : 2.13 (As of May. 27, 2024)


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What is Joy City Property Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Joy City Property's current share price is HK$0.255. Joy City Property's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.12. Joy City Property's Cyclically Adjusted Price-to-FCF for today is 2.13.

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

HKSE:00207' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.71   Med: 13.5   Max: 30.67
Current: 2.04

During the past 13 years, Joy City Property's highest Cyclically Adjusted Price-to-FCF was 30.67. The lowest was 1.71. And the median was 13.50.

HKSE:00207's Cyclically Adjusted Price-to-FCF is ranked better than
91.35% of 694 companies
in the Real Estate industry
Industry Median: 12.575 vs HKSE:00207: 2.04

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.

Joy City Property's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.560. 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$0.12 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Joy City Property Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Joy City Property'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.

Joy City Property Cyclically Adjusted Price-to-FCF Chart

Joy City Property 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 27.00 7.85 18.41 4.50 1.76

Joy City Property 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 18.41 - 4.50 - 1.76

Competitive Comparison of Joy City Property's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Joy City Property'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.


Joy City Property's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Joy City Property's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Joy City Property 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.

Joy City Property's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.255/0.12
=2.13

* 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.

Joy City Property's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Joy City Property'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)
=0.56/117.2957*117.2957
=0.560

Current CPI (Dec23) = 117.2957.

Joy City Property Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.425 99.707 -0.500
201512 -0.006 102.015 -0.007
201612 0.285 103.225 0.324
201712 0.229 104.984 0.256
201812 0.284 107.622 0.310
201912 -0.058 110.700 -0.061
202012 0.276 109.711 0.295
202112 -0.425 112.349 -0.444
202212 0.476 114.548 0.487
202312 0.560 117.296 0.560

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.


Joy City Property  (HKSE:00207) 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.


Joy City Property Cyclically Adjusted Price-to-FCF Related Terms

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


Joy City Property (HKSE:00207) Business Description

Industry
Traded in Other Exchanges
Address
262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG
Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.
Executives
Citigroup Inc. 2502 Approved lending agent
Gic Private Limited 2102 Investment manager
Cofco (hong Kong) Limited 2201 Interest of corporation controlled by you
Cofco Corporation 2201 Interest of corporation controlled by you
Vibrant Oak Limited 2201 Interest of corporation controlled by you
Zhong Liang Di Chan Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Achieve Bloom Limited 2101 Beneficial owner

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