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Hong Kong Technology Venture Co (HKSE:01137) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


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What is Hong Kong Technology Venture Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hong Kong Technology Venture Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Hong Kong Technology Venture 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.

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Hong Kong Technology Venture Co Cyclically Adjusted Price-to-FCF Chart

Hong Kong Technology Venture Co Annual Data
Trend Aug14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Hong Kong Technology Venture Co Semi-Annual Data
Feb14 Aug14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Hong Kong Technology Venture Co's Cyclically Adjusted Price-to-FCF

For the Internet Retail subindustry, Hong Kong Technology Venture 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.


Hong Kong Technology Venture Co's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hong Kong Technology Venture Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Hong Kong Technology Venture Co's Cyclically Adjusted Price-to-FCF falls into.



Hong Kong Technology Venture 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.

Hong Kong Technology Venture Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hong Kong Technology Venture Co'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)
=0.131/117.2957*117.2957
=0.131

Current CPI (Dec23) = 117.2957.

Hong Kong Technology Venture Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 -0.320 95.090 -0.395
201512 -0.381 102.015 -0.438
201612 -0.717 103.225 -0.815
201712 -0.479 104.984 -0.535
201812 -0.462 107.622 -0.504
201912 -0.382 110.700 -0.405
202012 0.557 109.711 0.596
202112 0.076 112.349 0.079
202212 0.247 114.548 0.253
202312 0.131 117.296 0.131

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.


Hong Kong Technology Venture Co  (HKSE:01137) 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.


Hong Kong Technology Venture Co Cyclically Adjusted Price-to-FCF Related Terms

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Hong Kong Technology Venture Co (HKSE:01137) Business Description

Traded in Other Exchanges
Address
No. 1 Chun Cheong Street, HKTV Multimedia and Ecommerce Centre, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG
Hong Kong Technology Venture Co Ltd, formerly Hong Kong Television Network Ltd, is an investment holding company principally engaged in the provision of multimedia business. The Company engages in the provision of multimedia production and contents distribution as well as operating a 24-hour e-Shopping Mall, providing a one-stop shop platform including online shopping, delivery service and customer experience. The Company also involves in the provision of technology on an integrated end-to-end eCommerce solution including hardware and software systems as a service aiming to enable traditional supermarkets or retailers locally and globally to enter into digital retailing.
Executives
Wong Wai Kay 2201 Interest of corporation controlled by you
Top Group International Ltd. 2101 Beneficial owner
Schroders Plc 2102 Investment manager
Top Group International Ltd. 2101 Beneficial owner
Cheung Chi Kin, Paul 2101 Beneficial owner

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