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NetDragon Websoft (HKSE:00777) Cyclically Adjusted Price-to-FCF : 55.71 (As of Jun. 08, 2024)


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What is NetDragon Websoft Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), NetDragon Websoft's current share price is HK$11.70. NetDragon Websoft's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.21. NetDragon Websoft's Cyclically Adjusted Price-to-FCF for today is 55.71.

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

HKSE:00777' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 50   Med: 146.59   Max: 2785
Current: 56.8

During the past 13 years, NetDragon Websoft's highest Cyclically Adjusted Price-to-FCF was 2785.00. The lowest was 50.00. And the median was 146.59.

HKSE:00777's Cyclically Adjusted Price-to-FCF is ranked worse than
86.03% of 136 companies
in the Interactive Media industry
Industry Median: 22.08 vs HKSE:00777: 56.80

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.

NetDragon Websoft's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$1.010. 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


NetDragon Websoft Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NetDragon Websoft'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.

NetDragon Websoft Cyclically Adjusted Price-to-FCF Chart

NetDragon Websoft 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 - 426.41 149.44 75.65 60.00

NetDragon Websoft 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 149.44 - 75.65 - 60.00

Competitive Comparison of NetDragon Websoft's Cyclically Adjusted Price-to-FCF

For the Electronic Gaming & Multimedia subindustry, NetDragon Websoft'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.


NetDragon Websoft's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NetDragon Websoft's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NetDragon Websoft 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.

NetDragon Websoft's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.70/0.21
=55.71

* 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.

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

For example, NetDragon Websoft'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)
=1.01/114.7809*114.7809
=1.010

Current CPI (Dec23) = 114.7809.

NetDragon Websoft Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -1.968 99.000 -2.282
201512 -1.732 100.600 -1.976
201612 -1.429 102.600 -1.599
201712 -0.180 104.500 -0.198
201812 0.381 106.500 0.411
201912 1.528 111.200 1.577
202012 2.145 111.500 2.208
202112 1.303 113.108 1.322
202212 1.594 115.116 1.589
202312 1.010 114.781 1.010

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.


NetDragon Websoft  (HKSE:00777) 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.


NetDragon Websoft Cyclically Adjusted Price-to-FCF Related Terms

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


NetDragon Websoft (HKSE:00777) Business Description

Traded in Other Exchanges
Address
58 Wenquan Branch Road, 851 Building, Fuzhou, CHN
NetDragon Websoft Inc is a Chinese holding company that engages in developing and operating online and mobile games as well as educational platforms. NetDragon's games include PC games, web-based games, mobile games, and e-sports games. PC games constitute the majority of the company's games sales. The company's game portfolio is composed of a range of games that appeal to various types of players. These games include Way of the Five, Eudemons Online, Conquer Online, Zero Online, and Heroes of Might & Magic Online. The company has operations in North America, Europe, and Asia.
Executives
Zhou Quan 2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Gp Associates Ltd. 2201 Interest of corporation controlled by you
Ho Chi Sing 2201 Interest of corporation controlled by you
Liu Luyuan 2401 A concert party to an agreement to buy shares
Liu Dejian 2401 A concert party to an agreement to buy shares
Zheng Hui 2401 A concert party to an agreement to buy shares
Djm Holding Ltd. 2101 Beneficial owner
Idg-accel China Growth Fund L.p. 2101 Beneficial owner
Idg-accel China Growth Fund Associates L.p. 2201 Interest of corporation controlled by you

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