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Pokfulam Development Co (HKSE:00225) Cyclically Adjusted Price-to-FCF : 8.39 (As of Jun. 08, 2024)


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What is Pokfulam Development Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Pokfulam Development Co's current share price is HK$5.20. Pokfulam Development Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was HK$0.62. Pokfulam Development Co's Cyclically Adjusted Price-to-FCF for today is 8.39.

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

HKSE:00225' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.47   Med: 18.91   Max: 28.99
Current: 8.51

During the past 13 years, Pokfulam Development Co's highest Cyclically Adjusted Price-to-FCF was 28.99. The lowest was 8.47. And the median was 18.91.

HKSE:00225's Cyclically Adjusted Price-to-FCF is ranked better than
62.98% of 697 companies
in the Real Estate industry
Industry Median: 12.18 vs HKSE:00225: 8.51

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.

Pokfulam Development Co's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was HK$0.623. 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$0.62 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pokfulam Development Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pokfulam Development 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.

Pokfulam Development Co Cyclically Adjusted Price-to-FCF Chart

Pokfulam Development Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.34 17.73 17.82 15.57 11.22

Pokfulam Development Co 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 17.82 - 15.57 - 11.22

Competitive Comparison of Pokfulam Development Co's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, Pokfulam Development 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.


Pokfulam Development Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Pokfulam Development Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Pokfulam Development Co's Cyclically Adjusted Price-to-FCF falls into.



Pokfulam Development 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.

Pokfulam Development Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.20/0.62
=8.39

* 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.

Pokfulam Development Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Pokfulam Development Co's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=0.623/116.0865*116.0865
=0.623

Current CPI (Sep23) = 116.0865.

Pokfulam Development Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.573 97.948 0.679
201509 0.608 99.927 0.706
201609 0.611 102.565 0.692
201709 0.793 103.994 0.885
201809 0.472 106.852 0.513
201909 0.580 110.260 0.611
202009 0.526 107.512 0.568
202109 0.421 109.051 0.448
202209 0.434 113.778 0.443
202309 0.623 116.087 0.623

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.


Pokfulam Development Co  (HKSE:00225) 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.


Pokfulam Development Co Cyclically Adjusted Price-to-FCF Related Terms

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


Pokfulam Development Co (HKSE:00225) Business Description

Traded in Other Exchanges
N/A
Address
93-107 Lockhart Road, 23rd Floor, Beverly House, Wanchai, Hong Kong, HKG
Pokfulam Development Co Ltd is a property investment and investment holding company. The company operates mainly in three business segments: Property Investment and Management segment is engaged in the letting and management of commercial industrial and residential properties; Trading of Goods segment is involved in the trading of visual and sound equipment, and home appliances; and Securities Investment segment deals in listed securities. The majority of its revenue is derived from Property Investment and Management. The company's portfolio includes residential developments as well as commercial and industrial buildings. All of its revenues are generated in Hong Kong.

Pokfulam Development Co (HKSE:00225) Headlines

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