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Guangdong Investment (HKSE:00270) Cyclically Adjusted Price-to-FCF : 7.83 (As of Jun. 10, 2024)


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What is Guangdong Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Guangdong Investment's current share price is HK$4.70. Guangdong Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.60. Guangdong Investment's Cyclically Adjusted Price-to-FCF for today is 7.83.

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

HKSE:00270' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.58   Med: 14.63   Max: 21.25
Current: 7.81

During the past 13 years, Guangdong Investment's highest Cyclically Adjusted Price-to-FCF was 21.25. The lowest was 5.58. And the median was 14.63.

HKSE:00270's Cyclically Adjusted Price-to-FCF is ranked better than
80.75% of 239 companies
in the Utilities - Regulated industry
Industry Median: 16.73 vs HKSE:00270: 7.81

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.

Guangdong Investment's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.519. 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$0.60 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guangdong Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Guangdong Investment'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.

Guangdong Investment Cyclically Adjusted Price-to-FCF Chart

Guangdong Investment 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 19.30 17.51 15.55 15.14 9.43

Guangdong Investment 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 15.55 - 15.14 - 9.43

Competitive Comparison of Guangdong Investment's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Water subindustry, Guangdong Investment'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.


Guangdong Investment's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Guangdong Investment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Guangdong Investment 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.

Guangdong Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.70/0.6
=7.83

* 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.

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

For example, Guangdong Investment'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)
=1.519/117.2957*117.2957
=1.519

Current CPI (Dec23) = 117.2957.

Guangdong Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.780 99.707 0.918
201512 0.634 102.015 0.729
201612 0.884 103.225 1.005
201712 0.693 104.984 0.774
201812 0.879 107.622 0.958
201912 0.912 110.700 0.966
202012 0.391 109.711 0.418
202112 -0.887 112.349 -0.926
202212 -0.331 114.548 -0.339
202312 1.519 117.296 1.519

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.


Guangdong Investment  (HKSE:00270) 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.


Guangdong Investment Cyclically Adjusted Price-to-FCF Related Terms

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


Guangdong Investment (HKSE:00270) Business Description

Traded in Other Exchanges
Address
148 Connaught Road Central, 28th and 29th Floors, Guangdong Investment Tower, Hong Kong, HKG
Guangdong Investment Ltd is engaged in investment holding, water resources, property investment and development, department store operation, hotel ownership, operation and management, investment in energy projects, road, and bridge operation. Its segments include water resources, property investment and development, department store operation, electric power generation, hotel operation and management, road and bridge segment, and others segment. The company derives most of the revenue from the water resources segment that engages in water distribution, sewage treatment, and construction of water supply and sewage treatment infrastructure for customers in Mainland China and Hong Kong.
Executives
Gdh Limited 2101 Beneficial owner
Guang Dong Yue Hai Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Citigroup Inc. 2201 Interest of corporation controlled by you

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