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Ten Pao Group Holdings (HKSE:01979) Cyclically Adjusted Price-to-FCF : 17.57 (As of May. 31, 2024)


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What is Ten Pao Group Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), Ten Pao Group Holdings's current share price is HK$1.23. Ten Pao Group Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was HK$0.07. Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF for today is 17.57.

The historical rank and industry rank for Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HKSE:01979' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.43   Med: 15   Max: 18.1
Current: 18.1

During the past 10 years, Ten Pao Group Holdings's highest Cyclically Adjusted Price-to-FCF was 18.10. The lowest was 13.43. And the median was 15.00.

HKSE:01979's Cyclically Adjusted Price-to-FCF is ranked better than
74.59% of 1035 companies
in the Industrial Products industry
Industry Median: 32.99 vs HKSE:01979: 18.10

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.

Ten Pao Group Holdings's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was HK$0.172. 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$0.07 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ten Pao Group Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ten Pao Group Holdings'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.

Ten Pao Group Holdings Cyclically Adjusted Price-to-FCF Chart

Ten Pao Group Holdings 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 - - - - 14.89

Ten Pao Group Holdings Semi-Annual Data
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 - - - - 14.89

Competitive Comparison of Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Ten Pao Group Holdings'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.


Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF falls into.



Ten Pao Group Holdings 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.

Ten Pao Group Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1.23/0.07
=17.57

* 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.

Ten Pao Group Holdings's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Ten Pao Group Holdings'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)
=0.172/117.2957*117.2957
=0.172

Current CPI (Dec23) = 117.2957.

Ten Pao Group Holdings Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.108 99.707 0.127
201512 -0.086 102.015 -0.099
201612 0.085 103.225 0.097
201712 0.026 104.984 0.029
201812 0.016 107.622 0.017
201912 0.033 110.700 0.035
202012 0.280 109.711 0.299
202112 -0.341 112.349 -0.356
202212 0.355 114.548 0.364
202312 0.172 117.296 0.172

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.


Ten Pao Group Holdings  (HKSE:01979) 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.


Ten Pao Group Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Ten Pao Group Holdings (HKSE:01979) Business Description

Traded in Other Exchanges
N/A
Address
151-153 Hoi Bun Road, Rooms 610-612, 6th Floor, Kwong Sang Hong Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are telecommunication, media and entertainment, electrical home appliances, lighting, smart chargers and controllers, and others. Some of its products are USB chargers, wireless chargers, adapters, open frame power supply, led drivers, smart charger and controllers, and power saver. Geographically, the group has a business presence in the PRC, Europe, Asia, the U.S., Africa and Other regions, of which prime revenue is derived from the PRC.
Executives
Hung Kwong Yee 2201 Interest of corporation controlled by you
Even Joy Holdings Limited
Vistra Trust (bvi) Limited
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
Fidelity China Special Situations Plc 2101 Beneficial owner

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