GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shenwan Hongyuan (HK) Ltd (HKSE:00218) » Definitions » Cyclically Adjusted Price-to-FCF

Shenwan Hongyuan (HK) (HKSE:00218) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


View and export this data going back to 1973. Start your Free Trial

What is Shenwan Hongyuan (HK) Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shenwan Hongyuan (HK) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Shenwan Hongyuan (HK)'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.

Shenwan Hongyuan (HK) Cyclically Adjusted Price-to-FCF Chart

Shenwan Hongyuan (HK) 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 - - - - -

Shenwan Hongyuan (HK) 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 - - - - -

Competitive Comparison of Shenwan Hongyuan (HK)'s Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Shenwan Hongyuan (HK)'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.


Shenwan Hongyuan (HK)'s Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shenwan Hongyuan (HK)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Shenwan Hongyuan (HK)'s Cyclically Adjusted Price-to-FCF falls into.



Shenwan Hongyuan (HK) 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.

Shenwan Hongyuan (HK)'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Shenwan Hongyuan (HK)'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)
=1.665/117.2957*117.2957
=1.665

Current CPI (Dec23) = 117.2957.

Shenwan Hongyuan (HK) Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.259 99.707 -0.305
201512 -0.103 102.015 -0.118
201612 0.490 103.225 0.557
201712 -0.684 104.984 -0.764
201812 0.735 107.622 0.801
201912 -1.145 110.700 -1.213
202012 -2.618 109.711 -2.799
202112 0.616 112.349 0.643
202212 1.193 114.548 1.222
202312 1.665 117.296 1.665

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.


Shenwan Hongyuan (HK)  (HKSE:00218) 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.


Shenwan Hongyuan (HK) Cyclically Adjusted Price-to-FCF Related Terms

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


Shenwan Hongyuan (HK) (HKSE:00218) Business Description

Traded in Other Exchanges
Address
1 Queen's Road East, Tower 3, Level 6, Three Pacific Place, Hong Kong, HKG
Shenwan Hongyuan (HK) Ltd is an investment holding company. It has five business segments including Corporate finance, Wealth management, Institutional services and trading, and Asset management, others. The company's operations are mainly located in Hong Kong. It derives a majority of its revenues from the Wealth management segment.
Executives
Shenwan Hongyuan Holdings (b.v.i.) Limited 2101 Beneficial owner
Shen Wan Hong Yuan Ji Tuan Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Shenwan Hongyuan Securities Co., Ltd. 2201 Interest of corporation controlled by you

Shenwan Hongyuan (HK) (HKSE:00218) Headlines

No Headlines