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China Foods (HKSE:00506) Cyclically Adjusted Price-to-FCF : 14.38 (As of Jun. 09, 2024)


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

As of today (2024-06-09), China Foods's current share price is HK$3.02. China Foods's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.21. China Foods's Cyclically Adjusted Price-to-FCF for today is 14.38.

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

HKSE:00506' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.43   Med: 41.84   Max: 67.2
Current: 14.26

During the past 13 years, China Foods's highest Cyclically Adjusted Price-to-FCF was 67.20. The lowest was 13.43. And the median was 41.84.

HKSE:00506's Cyclically Adjusted Price-to-FCF is ranked better than
78.85% of 52 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 21.94 vs HKSE:00506: 14.26

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 Foods's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.697. 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$0.21 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Foods Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for China Foods'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 Foods Cyclically Adjusted Price-to-FCF Chart

China Foods 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 - 55.02 49.90 25.37 13.88

China Foods 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 49.90 - 25.37 - 13.88

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

For the Beverages - Non-Alcoholic subindustry, China Foods'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 Foods's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Foods's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.02/0.21
=14.38

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

For example, China Foods'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)
=0.697/117.2957*117.2957
=0.697

Current CPI (Dec23) = 117.2957.

China Foods Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.087 99.707 -0.102
201512 -0.043 102.015 -0.049
201612 -0.076 103.225 -0.086
201712 -0.097 104.984 -0.108
201812 0.239 107.622 0.260
201912 0.476 110.700 0.504
202012 0.693 109.711 0.741
202112 0.152 112.349 0.159
202212 0.101 114.548 0.103
202312 0.697 117.296 0.697

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 Foods  (HKSE:00506) 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 Foods Cyclically Adjusted Price-to-FCF Related Terms

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


China Foods (HKSE:00506) Business Description

Traded in Other Exchanges
Address
262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG
China Foods Ltd is an investment holding company that operates in the beverage business. It offers twenty-four brands of products in eleven major types of beverages, which include sparkling drink, juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sports drink, plant-based protein drink, and alcoholic drink. Geographically, it derives the majority of revenue from Mainland China.
Executives
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co. 2502 Approved lending agent
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you

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