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Bank of Tianjin Co (HKSE:01578) Cyclically Adjusted Price-to-FCF : 1.35 (As of May. 16, 2024)


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What is Bank of Tianjin Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Bank of Tianjin Co's current share price is HK$1.79. Bank of Tianjin Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$1.33. Bank of Tianjin Co's Cyclically Adjusted Price-to-FCF for today is 1.35.

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

HKSE:01578' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.25   Med: 1.55   Max: 1.88
Current: 1.29

During the past 12 years, Bank of Tianjin Co's highest Cyclically Adjusted Price-to-FCF was 1.88. The lowest was 1.25. And the median was 1.55.

HKSE:01578's Cyclically Adjusted Price-to-FCF is ranked better than
93.04% of 833 companies
in the Banks industry
Industry Median: 7.59 vs HKSE:01578: 1.29

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.

Bank of Tianjin Co's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$3.818. 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$1.33 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Tianjin Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of Tianjin 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.

Bank of Tianjin Co Cyclically Adjusted Price-to-FCF Chart

Bank of Tianjin Co 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 - - 1.57 1.85 1.35

Bank of Tianjin Co Semi-Annual Data
Dec13 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 1.57 - 1.85 - 1.35

Competitive Comparison of Bank of Tianjin Co's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Bank of Tianjin 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.


Bank of Tianjin Co's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Tianjin Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bank of Tianjin Co's Cyclically Adjusted Price-to-FCF falls into.



Bank of Tianjin 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.

Bank of Tianjin Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.79/1.33
=1.35

* 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.

Bank of Tianjin Co's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bank of Tianjin 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)
=3.818/114.6694*114.6694
=3.818

Current CPI (Dec23) = 114.6694.

Bank of Tianjin Co Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 7.251 99.000 8.399
201512 14.401 100.600 16.415
201612 9.455 102.600 10.567
201712 -12.179 104.500 -13.364
201812 -21.093 106.500 -22.711
201912 7.083 111.200 7.304
202012 1.470 111.500 1.512
202112 -1.650 113.108 -1.673
202212 3.037 115.116 3.025
202312 3.818 114.669 3.818

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.


Bank of Tianjin Co  (HKSE:01578) 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.


Bank of Tianjin Co Cyclically Adjusted Price-to-FCF Related Terms

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Bank of Tianjin Co (HKSE:01578) Business Description

Traded in Other Exchanges
N/A
Address
No. 15 Youyi Road, Hexi District, Tianjin, CHN, 300201
Bank of Tianjin Co Ltd is a commercial bank providing banking and financial services. It also provides agency services for the housing maintenance fund. Its segments are corporate banking Business, personal banking Business, treasury business, and Others. Majority of its revenue generated from Personal Banking Business Segment. Geographical presence in Asia Pacific (excluding mainland China of which: attributed to Hong Kong, Europe and North America.

Bank of Tianjin Co (HKSE:01578) Headlines

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